Agenda packet, regular meeting — Vallejo City Council, May 13, 2025 (part 1 of 5)

HYBRID MEETING
www.Cityofvallejo.net

CALL AND NOTICE OF REGULAR
MEETING AT 7:00 PM OF THE

VALLEJO CITY COUNCIL

MAY 13, 2025

COUNCIL MEMBER PALMARES WILL

BE PARTICIPATING VIRTUALLY
Holiday Inn Express Newgarden Inn
Building 1327, Lobby
406 N. Knox Street
Fort Knox,KY 20121

Council Chambers
555 Santa Clara Street
Vallejo, CA 94590

COUNCIL MEMBERS
Andrea Sorce (Mayor)
Peter Bregenzer (Vice-Mayor)
Helen-Marie Gordon
Tonia Lediju, PhD
Alexander Matias
Diosdado "JR" Matulac
Charles Palmares

NOTICE: Members of the Public will be able to participate in-person or remotely via Zoom
City Hall and the Council Chambers will be open to
members of the public 30 minutes prior to the start of
the meeting.

PUBLIC COMMENT: Members of the Public may provide
public comments during the City Council Meeting in
person or via ZOOM
(https://ZoomRegular.Cityofvallejo.net), or via
phone, by dialing (669) 900-6833.

For additional instructions on how to speak remotely
during public comment, please
visit, www.cityofvallejo.net/publiccomment
VIEW THE MEETING:

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Any supplemental writing related to an agenda item for an open session of a regular meeting that is distributed to all or a majority of all members of the City Council less than 72 hours before the meeting will be posted concurrently on the City’s website at www.cityofvallejo.net/agendas Written material distributed during the meeting, will be available at the meeting if prepared by the City or after the meeting if prepared by someone else. Such materials may be obtained from the City Clerk

Vallejo City Council Chambers ADA compliant. Devices for the hearing impaired are available from the City Clerk. Requests for disability related modifications or accommodations, aids or services may be made by a person with a disability to the City Clerk's office no less than 72 hours prior to the meeting as required by Section 202 of the Americans with Disabilities Act of 1990 and the federal rules and regulations adopted in implementation thereof

AGENDA

1. CALL TO ORDER

2. ROLL CALL

3. PLEDGE OF ALLEGIANCE

4. REPORT OUT OF CLOSED SESSION

5. PRESENTATIONS AND COMMENDATIONS

6. FIRST COMMUNITY FORUM
The Community Forum is an opportunity to address the Council on any matter for which another opportunity to speak is not provided on the agenda, and which is within the jurisdiction of the Council to resolve. Any interested members of the public desiring to communicate with the City Council as part of the First Community Forum may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM:(https://ZoomRegular.Cityofvallejo.net), Option to join by phone: Dial (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press * 9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. In person speakers will be recognized first. When called upon, each speaker should step to the podium, state his/her name for the record. The conduct of the community forum shall be limited to a maximum of fifteen (15) minutes, with each speaker limited to a maximum of three minutes pursuant to Vallejo Municipal Code Section 2.02.300.

7. PUBLIC COMMENT REGARDING CONSENT CALENDAR ITEMS
Members of the public wishing to address the Council on Consent Calendar items may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM:(https://ZoomRegular.Cityofvallejo.net), Option to join by phone: Dial (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press * 9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. In person speakers will be recognized first. Each speaker is limited to three minutes pursuant to Vallejo Municipal Code Section 2.02.310. Requests for removal of Consent Items received from the public are subject to approval by a majority vote of the Council. Items removed from the Consent Calendar will be heard immediately after approval of the Consent Calendar and Agenda

8. CONSENT CALENDAR AND APPROVAL OF AGENDA
A. APPROVAL OF MINUTES
Recommendation: Approve minutes from the special and regular meetings of April 22, the special meetings of Apri 12 and 23 and the special meeting of the

City Council as the Governing Board of the Successor Agency to the former Redevelopment Agency of April 22, 2025
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
B. WAIVE FULL READING AND AUTHORIZING INTRODUCTIONS AND/OR

ADOPTION OF ORDINANCES BY TITLE ONLY
Recommendation: Waive reading and authorize introductions and/or adoption of any and all ordinances on this agenda, if any, by title only. This is a standard procedural action so the City Council does not have to read an ordinance in its entirity.

Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
C. CITY TREASURER’S QUARTERLY INVESTMENT REPORT
Recommendation:

Accept the City Treasurer’s Investment Report for the quarter ended March 31, 2025
Contact: Rekha Nayar, Finance Director, (707) 648-4592
[email protected]
D. PROVIDE NOTICE OF INTENT TO AMEND THE 2024-2025 FISCAL YEAR CAPITAL IMPROVEMENT PROGRAM BUDGET TO APPROPRIATE $98,218

OF GRANT FUNDS FROM THE NAPA VALLEY VINE TRAIL COALITION

GRANT FOR THE BAY TRAIL/VINE TRAIL GAP CLOSURE PROJECT
(PW9802) – STEP 1 OF 2
Recommendation: Provide Notice of Intent to amend the 2024-2025 fiscal year Capital Improvement Program budget to appropriate $98,218 of grant funds from the Napa Valley Vine Trail Coalition Grant for the Bay Trail/Vine Trail Gap Closure Project (PW9802) – Step 1 of 2.

Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
E. ADOPT A RESOLUTION AWARDING A LANDSCAPE MAINTENANCE
SERVICES CONTRACT FOR REGION 3 (EAST VALLEJO) TO NORTH BAY LANDSCAPE MANAGEMENT, INC. OF PETALUMA, CALIFORNIA, FOR A MAXIMUM NOT TO EXCEED $645,179 AND REJECTING ALL OTHER BIDS Recommendation: Adopt a resolution awarding a Landscape Maintenance Services Contract for Region 3 (East Vallejo) to North Bay Landscape Management, Inc. of Petaluma, California, for a maximum not to exceed $645,179 and rejecting all other bids.

Contact: Melissa Tigbao P.E., Public Works Director, (707) 648-4433 [email protected]
F. ADOPT A RESOLUTION AWARDING A LANDSCAPE MAINTENANCE
SERVICES CONTRACT FOR REGION 5 (SOUTHWEST VALLEJO) TO
NORTH BAY LANDSCAPE MANAGEMENT, INC. OF PETALUMA,
CALIFORNIA FOR A MAXIMUM NOT TO EXCEED $451,310, AND

REJECTING ALL OTHER BIDS
Recommendation: Adopt a resolution awarding a Landscape Maintenance Services Contract for Region 5 (Southwest Vallejo) to North Bay Landscape Management, Inc. of Petaluma, California for a maximum not to exceed $451,310, and rejecting all other bids.

Contact: Melissa Tigbao P.E., Public Works Director, (707) 648-4433 [email protected]
G. ADOPT A RESOLUTION AWARDING A LANDSCAPE MAINTENANCE
SERVICES CONTRACT FOR REGION 6 (CENTRAL DOWNTOWN
CORRIDOR) TO NORTH BAY LANDSCAPE MANAGEMENT, INC. OF

PETALUMA, CALIFORNIA FOR A MAXIMUM AMOUNT NOT TO EXCEED $694,066, AND REJECTING ALL OTHER BIDS
Recommendation: Adopt a Resolution awarding a Landscape Maintenance Services Contract for Region 6 (Central Downtown Corridor) to North Bay Landscape Management, Inc. of Petaluma, California for a maximum amount not to exceed $694,066, and rejecting all other bids.

Contact: Melissa Tigbao P.E., Public Works Director, (707) 648-4433 [email protected]
H. ADOPT A RESOLUTION AWARDING A LANDSCAPE MAINTENANCE
SERVICES CONTRACT FOR REGION 9 (MARE ISLAND) TO NEW IMAGE

LANDSCAPE COMPANY OF FREMONT, CALIFORNIA, FOR A MAXIMUM NOT TO EXCEED $808,403 AND REJECTING ALL OTHER BIDS
Recommendation: Adopt a resolution awarding a Landscape Maintenance Services Contract for Region 9 (Mare Island) to New Image Landscape Company of Fremont, California, for a maximum not to exceed $808,403 and rejecting all other bids.

Contact: Melissa Tigbao P.E., Public Works Director, (707) 648-4433 [email protected]
I. ADOPT A RESOLUTION APPROVING AN AGREEMENT WITH LEAVEN KIDS FOR A NOT-TO-EXCEED AMOUNT OF $123,500 THROUGH
SEPTEMBER 30, 2025, AND AUTHORIZING THE CITY MANAGER TO

EXECUTE THE SAME
Recommendation:

Adopt a resolution approving an Agreement with Leaven Kids for an amount not to exceed $123,500 for services through September 30, 2025, and authorizing the City Manager to execute same.

Contact: Jason Ta, Chief of Police
[email protected]
J. ADOPT A RESOLUTION: 1) FINDING THE PEDESTRIAN CROSSING ENHANCEMENTS AT 17 LOCATIONS PROJECT (PW9709) (HIGH

VISIBILITY CROSSWALKS AND ADA CURB RAMP UPGRADES)

CATEGORICALLY EXEMPT FROM THE PROVISIONS OF THE

CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) PURSUANT TO CEQA GUIDELINES SECTION 15301(c); 2) APPROVING THE PROJECT PLANS AND SPECIFICATIONS FOR THE PROJECT; AND 3) AWARDING A CONSTRUCTION CONTRACT TO CENTRAL STRIPING SERVICES, INC. OF RANCHO CORDOVA, CALIFORNIA IN THE AMOUNT OF $233,703 AND

REJECTING ALL OTHER BIDS, AND AUTHORIZING THE CITY MANAGER

TO EXECUTE SAME
Recommendation: Adopt a Resolution:

1. Finding the Pedestrian Crossing Enhancements at 17 locations in Vallejo Project categorically exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301(c);

2. Approving the plans and specifications for the Pedestrian Crossing Enhancements at 17 Locations Project (Vallejo Project No. PW9709; State Project No. HSIPL-5030(069)); and

3. Awarding a construction contract to Central Striping Services, Inc. of Rancho Cordova, California in the amount of $233,703, rejecting all other bids, and authorizing the City Manager to execute the contract.

Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
K. NOTICE OF INTENT TO AMEND THE FISCAL YEAR 2024-25 SOLID WASTE FUND BUDGET TO ACCEPT TWO CALRECYCLE GRANTS: THE
USED OIL PAYMENT PROGRAM GRANT IN THE AMOUNT OF $17,156

AND THE BEVERAGE CONTAINER RECYCLING CITY-COUNTY PAYMENT PROGRAM GRANT IN THE AMOUNT OF $30,561 (Step 1 of 2)
Recommendation: Provide Notice of Intent to amend the Fiscal Year 2024-25 Solid Waste Fund budget to recognize grant revenue from the Used Oil Payment Program and City/County Beverage Container Recycling Program offered through CalRecycle in the amount of $17,156 and $30,561, respectively, and authorize expenditure of funds.

Contact: Melissa Tigbao, Public Works Director (707) 648-4433 [email protected]
L. PROVIDE NOTICE OF INTENT TO AMEND THE FY 2024-25 MARINA FUND

AND STATE LAND FUND BUDGETS TO ALLOCATE FUNDS TO COVER
THE MARINA FUND OPERATING SHORTFALL (STEP 1 of 2)
Recommendation: Provide Notice of Intent to amend the FY 2024-25 Marina Fund and State Lands Fund budgets.

Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
M. PROVIDE NOTICE OF INTENT TO AMEND THE FISCAL YEAR 2024–2025 BUDGET IN THE AMOUNT OF $650,958 OF OPIOID LITIGATION FUND BALANCE: $310,000TO PROVIDE CONTINUED SUPPORT TO THE IHART PROGRAM; AND $340,958 TO PROVIDE OPERATIONAL FUNDING FOR THE VALLEJO HOMELESS NAVIGATION CENTER (STEP 1 OF 2)
Recommendation: Provide notice of intent to amend the Fiscal Year 2024-2025 Budget in the amount of $650,958 in Opioid Litigation Fund-Balance:
$310,0000 to provide continued support of the IHART Program; and $340,9484 to provide operational funding for the Vallejo Homeless Navigation Center (Step 1 of 2)
Contact: Jason Ackley, Assistant to the City Manager
[email protected]
N. CONSIDER AND ADOPT A RESOLUTION AUTHORIZING THE DISPLAY OF

TWO CITY COMMEMORATIVE FLAGS (JUNETEENTH AND PRIDE FLAGS) Recommendation: Consider and adopt a resolution authorizing City staff to display the Juneteenth and Pride commemorative flags at City facilities for the dates specified.

Contact: Shelee Loughmiller, Community and Volunteer Coordinator (707) 648- 8616
[email protected]
O. APPROVE A PROCLAMATION BY MOTION DECLARING MAY 2025 AS

TOURISM MONTH, FOR PRESENTATION AT THE VISIT VALLEJO

ANNUAL TOURISM LUNCHEON AND BOARD INSTALLATION
Recommendation: Approve a proclamation by motion declaring May 2025 as Tourism Month.

Contact: Erik Rzomp, Executive Assistant to Mayor Andrea Sorce (707) 648- 4377
[email protected]

9. ACTION CALENDAR
NOTICE: Members of the public wishing to address the Council on Action Calendar Items may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM (https://ZoomRegular.Cityofvallejo.net), or via phone, by dialing (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press *9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. Each speaker is limited to five minutes pursuant to Vallejo Municipal Code Section 2.02.420 or as approved and announced by the Mayor. In person speakers will be recognized first
A. ADOPT A RESOLUTION AWARDING A LANDSCAPE MAINTENANCE
SERVICES CONTRACT FOR REGION 1 (NORTH VALLEJO - NEAR SIX

FLAGS) TO NEW LANDSCAPE COMPANY OF FREMONT, CALIFORNIA, FOR A MAXIMUM NOT TO EXCEED AMOUNT OF $1,217,801 AND

REJECTING ALL OTHER BIDS
Recommendation: Adopt a resolution awarding a Landscape Maintenance Services Contract for Region 1 (North Vallejo - near Six Flags) to New Image Landscape Company for a maximum not to exceed amount of $1,217,801 and rejecting all other bids.

Contact: Melissa Tigbao P.E., Public Works Director, (707) 648-4433 [email protected]
B. ADOPT A RESOLUTION AWARDING A LANDSCAPE MAINTENANCE
SERVICES CONTRACT FOR REGION 4 (NORTHEAST QUADRANT) TO

NEW IMAGE LANDSCAPE COMPANY OF FREMONT, CALIFORNIA FOR A MAXIMUM NOT TO EXCEED AMOUNT OF $1,361,657 AND REJECTING

ALL OTHER BIDS
Recommendation: Adopt a resolution awarding a Landscape Maintenance Services Contract for Region 4 (Northeast Quadrant) to New Image Landscape Company of Fremont, California for a maximum not to exceed amount of $1,361,657 and rejecting all other bids.

Contact: Melissa Tigbao P.E., Public Works Director, (707) 648-4433 [email protected]
C. ADOPT A RESOLUTION AWARDING A LANDSCAPE MAINTENANCE
SERVICES CONTRACT FOR REGION 8 (GLEN COVE) TO NEW IMAGE

LANDSCAPE COMPANY OF FREMONT, CALIFORNIA FOR A MAXIMUM
NOT TO EXCEED $2,158,155, AND REJECTING ALL OTHER BIDS
Recommendation: Adopt a resolution awarding a Landscape Maintenance Services Contract for Region 8 (Glen Cove) to New Image Landscape Company of Fremont, California for a maximum not to exceed $2,158,155, and rejecting all other bids.

Contact: Melissa Tigbao P.E., Public Works Director, (707) 648-4433 [email protected]
D. ADOPT A RESOLUTION AWARDING AND APPROVING A LANDSCAPE MAINTENANCE SERVICES CONTRACT FOR REGION 7 (EAST VALLEJO) TO NORTH BAY LANDSCAPE MANAGEMENT, INC. FOR A MAXIMUM
AMOUNT NOT TO EXCEED $1,352,802, AND REJECTING ALL OTHER BIDS
Recommendation: Adopt a Resolution awarding a Landscape Maintenance Services Contract for Region 7 (East Vallejo) to North Bay Landscape Management, Inc. of Petaluma, California for a maximum amount not to exceed $1,352,802, and rejecting all other bids.

Contact: Melissa Tigbao P.E., Public Works Director, (707) 648-4433 [email protected]
E. ADOPT A RESOLUTION MAKING APPOINTMENTS TO VARIOUS CITY

BOARDS, COMMISSIONS AND COMMITTEES
Recommendation: Adopt a resolution making the following appointments:
• Beautification Commission - 1 vacancy
• Code Enforcement Appeals Board - 2 vacancies
• Commission on Culture + Arts - 2 vacancies
• Economic Development Commission - 3 vacancies
• Housing & Community Development Commission - 3 vacancies • Measure P Oversight Committee (MPOC) - Districts 4 and 6 vacancies • Participatory Budgeting Steering Committee (PBSC) - 1 member and 3 alternate vacancies
• Police Oversight & Accountability Commission (POAC) - Districts 1 and 6 vacancies
• Surveillance Advisory Board (SAB) - Districts 1, 3 and 6 and at-large vacancies
• SolTrans Public Advisory Committee - 3 vacancies
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
F. ADOPT A RESOLUTION FINDING THAT THE CITY-OWNED PARCEL LOCATED AT 5 MIDWAY STREET ( APN: 0058-100-070) IS NO LONGER

NECESSARY FOR THE CITY'S USE AND DECLARING SAID PARCEL
"EXEMPT SURPLUS LAND" PURSUANT TO GOVERNMENT CODE
SECTION 54221(f)(1)(D), AFTER MAKING THE FINDING THAT SAID

ACTION IS EXEMPT FROM ENVIRONMENTAL REVIEW UNDER THE

CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) PURSUANT TO CEQA GUIDELINES SECTION 15312 - SURPLUS GOVERNMENT

PROPERTY SALES
Recommendation: Adopt a Resolution finding that the City-owned parcel located at 5 Midway Street (APN: 0058-100-070) is no longer necessary for the City's use and declaring said parcel "exempt surplus land" pursuant to Government Code Section 54221(f)(1)(D); after making the finding that said action is exempt from environmental review under
the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15312 - Surplus Government Property Sales.

Contact: Gillian Haen, Assistant City Manager (707) 648-4163 [email protected]
G. ADOPT A RESOLUTION APPROVING THE FIRST AMENDMENT TO THE

CONSULTANT AND PROFESSIONAL SERVICES AGREMENT WITH

FELTON INSTITUTE, WHICH INCREASES THE IHART PROGRAM BUDGET BY $200,000.00 TO A TOTAL NOT-TO-EXCEED AMOUNT OF
$1,112,463.00, AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a Resolution:

1. Approving the First Amendment to the Consultant and Professional Services Agreement with Felton Institute, which increases the IHART Program Budget by $200,000, and

2. Authorizing the City Manager to execute said First Amendment.

Contact: Jason Ta, Chief of Police
[email protected]
H. ADOPT A RESOLUTION CHANGING THE COMPOSITION OF THE
STANDING PUBLIC SAFETY COMMITTEE FROM 2 TO 3 MEMBERS OF

THE CITY COUNCIL AND MAKING APPOINTMENTS THERETO
Recommendation: Adopt a resolution changing the composition of the Standing Public Safety Committee from 2 to 3 members of the City Council and making appointments
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
I. PRESENTATION OF PROPOSED WHISTLEBLOWER POLICY AND

POSSIBLE FEEDBACK
Recommendation: Review proposed Whistleblower Policy and provide feedback.

Contact: Stephanie Sifuentes, Human Resources Director (707) 648-4852 [email protected]
J. NOTICE OF INTENT TO AMEND THE BUDGET ACCEPTING THE LAST

MILE FEDERAL FUNDING ACCOUNT GRANT AWARDED TO THE CITY OF VALLEJO IN THE AMOUNT OF $3,806,104 TO INSTALL THE LAST MILE

BROADBAND CONNECTIVITY FOR THE MARE ISLAND BUILD, NORTH

SONOMA BLVD, PORTER STREET TO SEAPORT, AND TRAILER CITY PARK (STEP 1 OF 2).

Recommendation: Notice of Intent to amend the FY 24-25 budget and accept the California Public Utilities (CPUC) Federal Funding Account Last Mile grant (Step 1 of 2).

Contact: Naveed Ashraf, Chief Innovation Officer & IT Director - (707) 648- 5200
[email protected]

10. INFORMATION CALENDAR
NOTICE: Members of the public wishing to address the Council on Information Calendar Items may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM (https://ZoomRegular.Cityofvallejo.net), or via phone, by dialing (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press *9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. Each speaker is limited to five minutes pursuant to Vallejo Municipal Code Section 2.02.420 or as approved and announced by the Mayor. In person speakers will be recognized first
A. DISASTER PREPAREDNESS PRESENTATION
Recommendation: This item is for informational purposes only. There is no staff report or action associated with this item
Contact: Arthur Gonzalez, Interim Fire Chief
[email protected]
B. PLANNING & DEVELOPMENT SERVICES AND ECONOMIC

DEVELOPMENT DEPARTMENTS QUARTERLY UPDATE
Recommendation: This item is for informational purposes only. There is no staff report or action associated with this item
Contact: Kristin Pollolt, Planning & Development Services Director [email protected]
Gillian Haen, Assistant City Manager
[email protected]

11. CITY MANAGER’S REPORT

12. CITY ATTORNEY’S REPORT
A. QUARTERLY REPORT FOR FISCAL YEAR 2024/2025, THIRD QUARTER (JAN - MAR 2025)
Recommendation: This item is for informational purposes only. There is no action required
Contact: Veronica A.F. Nebb, City Attorney
[email protected]

13. COMMUNITY FORUM
Any interested members of the public desiring to communicate with the City Council as part of the last Community Forum may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM:(https://ZoomRegular.Cityofvallejo.net), Option to join by phone: Dial (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press * 9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. In person speakers will be recognized first.

14. REPORT OF THE PRESIDING OFFICER AND MEMBERS OF THE CITY COUNCIL

15. ADJOURNMENT

ADDITIONAL CITY INFORMATION
Members of the public can:
• Like us on Facebook and Instagram (@cityofvallejo)
• Sign up to receive City Communications via e-mail (www.cityofvallejo.net/subscribe) • Sign up for emergency alerts at: alertsolano.com
Dated: Friday, May 9, 2025
Andrea Sorce, Mayor
I, Dawn Abrahamson, City Clerk do hereby certify that I have caused a true copy of the above notice and agenda to be delivered to

Andrea Sorce (Mayor)
Peter Bregenzer (Vice-Mayor)
Helen-Marie Gordon
Tonia Lediju, PhD
Alexander Matias
Diosdado "JR" Matulac
Charles Palmares,

at the time and in the manner prescribed by law and that this agenda was posted at City Hall, 555 Santa Clara Street, CA at 12:30 p.m., Friday, May 9, 2025.

Dated: Friday, May 9, 2025

Special City Council Meeting Minutes
April 12, 2025
Page | 1

VALLEJO CITY COUNCIL

SPECIAL MEETING MINUTES
APRIL 12, 2025

COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California

1. CALL TO ORDER
The meeting was called to order at 10:12 a.m.

2. ROLL CALL

Present: Mayor Sorce, Vice Mayor Bregenzer, Councilmembers Gordon, Lediju, Matulac, and Palmares

Absent: Councilmember Matias
Staff present: City Manager Murray, City Clerk Abrahamson and Finance Director Nayar

3. PLEDGE OF ALLEGIANCE

4. BUDGET WORKSHOP
A. PROVIDE CITY COUNCIL WITH A PRELIMINARY BUDGET OVERVIEW OF THE FISCAL YEAR (FY) 2025-2026 BUDGET AND RECEIVE COUNCIL DIRECTION (PART 2 of 2)
Recommendation: Provide City Council with a draft General Fund and other funds overview of the fiscal year 2025-26 budget and receive Council direction.

Contact: Andrew Murray, City Manager, (707) 648-4576
[email protected]
Rekha Nayar, Finance Director
[email protected]
Mayor Sorce framed the format for the workshop.

City Manager Murray provided opening remarks.

Councilmembers provided comments.

Finance Director Nayar provided an overview of the General Fund baseline budget and shortfall, presented the Measure P fund status (including FY 2025- 26 staff requests), reviewed responses to questions raised by the community at the March 22 Community Budget Workshop, and presented options to solve the General Fund budget shortfall.

During the presentation, staff responded to questions from Councilmembers.

The meeting recessed at 11:57 a.m. and reconvened at 12:39 p.m.

Special City Council Meeting Minutes
April 12, 2025
Page | 2
Finance Director Nayar outlined options for funding the Sheriff’s contract. Staff responded to questions from Councilmembers. Councilmembers provided comments.

Mayor Sorce proposed to fund the Sheriff’s contract with Measure P balance in accordance with what is on the recommendation and set aside or earmark another $5.6 million of the Measure P balance for potential funding for the Sheriff’s contract in the following fiscal year, which will leave around a $5 million Measure P balance.

In addition to the incoming Measure P for the next 2 years, Mayor Sorce recommended that the Measure P Oversight Committee (MPOC) provide input on how to spend on the priorities, particularly given that there are some priorities that do not have funding in the upcoming fiscal year. The Council may wish to explore, for example, projects like illegal dumping and blight and how we might use the remaining fund balance to do so. Fund balance is meant to be the saved Measure P from previous fiscal years to address those priorities.

All of this should be taken to the MPOC.

Action: moved by Vice Mayor Bregenzer and carried unanimously by members present to approve the recommended funding for the sheriff’s contract for FY 24/25/26 and withholding funds for Measure P FY 26/27 budget of $5.6 million. (Absent: Matias).

Finance Director Nayar presented baseline budgets for certain non-General Fund funds that are requesting General Fund subsidies in FY 2025-2026 (Fiber, Marina and Housing), and concluded the presentation by reviewing Departments’ additional General Fund budget requests for FY 2025-2026.

Staff responded to questions from Councilmembers.

Councilmembers discussed the various options to solve the General Fund budget shortfall as presented by staff.

Mayor Sorce prepared a List of Next Steps that will be shared with the City Manager and City Clerk and include the following:
•Funding for Sheriff Contract
o$1.9M liability costs from city's general liability fund o$1.7 from interest collected from Measure P funds
o$2M measure P request
oPursue a similar approach in FY25-26 and set aside $5.6 from existing measure P fund balance as a contingency to cover the 2nd half of the contract
oNote: This does not commit or impact future Measure P funding.

All funding is from prior years, so the City and Measure P committee will still have full discretion over the revenues this coming year, for road repair and other priorities. It will not impact the road repair plan.

Special City Council Meeting Minutes
April 12, 2025
Page | 3
•Balancing the budget
oProceed with the staff proposed plan to balance this year's budget with a commitment to reviewing our organizational structure and staffing to make the budget sustainable, and checking back periodically over the course of the next year •Budget requests from staff and council
oFor staff requests, classify them and include those that are essential. Split them into tiers of levels of priority. oFor council requests, councilmembers will email requests to City Manager. Place a hold line item for "special projects" … an amount reasonable to city manager based on what he receives, Council discussed in the $280k range.

Needs / next steps
•More info on city-owned properties, the Ohio house, Phoenix Circle, what is collateralized, etc.
•Fire station maintenance plan and needs
•Plan ahead for $10M liability for leave payouts
•Conversation about federal funds and implications / risks •Broadband build out, dig once and equity
•Communications / outreach strategy, city website
•Marina plan - management, maintenance, dredging planning - follow up with consultant…
•How to address closing the housing fund gap
•Make sure the police station is funded
•Org chart review and follow up

Speakers: Anne Carr, Dalia Vidor and Sonia Valdez
City Manager Murray noted that Finance Director Nayar would send a budget form to all Council Members asking for their funding requests that need to be turned in within the next two weeks.

5. ADJOURNMENT
The meeting adjourned at 3:07 p.m.
________________________________

ANDREA SORCE, MAYOR
ATTEST:
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
Special City Council Meeting Minutes
April 12, 2025
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Special City Council Meeting Minutes
April 23, 2025
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VALLEJO CITY COUNCIL

SPECIAL MEETING MINUTES
APRIL 23, 2025

LOWER LEVEL OF JFK LIBRARY
505 Santa Clara Street, Vallejo, California

1. CALL TO ORDER
The meeting was called to order at 5:17 p.m.

2. ROLL CALL

Present: Mayor Sorce, Councilmembers Gordon, Matias, and Palmares

Absent: Vice Mayor Bregenzer and Councilmembers Lediju and Matulac Staff present: City Clerk Abrahamson

3. ACTION CALENDAR
A. CONDUCT APPLICANT INTERVIEWS FOR THE MEASURE P OVERSIGHT

COMMITTEE (MPOC), POLICE OVERSIGHT & ACCOUNTABILITY

COMMISSION (POAC), AND SURVEILLANCE & ADVISORY BOARD (SAB) Recommendation: The purpose of this special meeting is to conduct applicant interviews only for appointments to the MPOC, POAC AND SAB. Appointments will be made at a subsequent regular City Council meeting.

Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
Council conducted interviews for the following applicants:

MPOAC
District 4 Applicants
Darrell Conley
Aleta Santos
District 6 Applicants
Wayne Goodman
Carl Miller
Pamela Porter
Adjoa McDonald
Vanessa Oden
POAC
District 1 Applicants
Robert Schussel
Rommye Qualls
Lewis Grant
Special City Council Meeting Minutes
April 23, 2025
Page | 2
District 6 Applicant
John Lewis
SAB
District 1 Applicants
Steven Pasholk
Russell Owen
District 3 Applicant
Peggy Cohen-Thompson
At Large Applicants
Adam Bregenzer
Xavier Zamudio
Eurisha Edmonds
Ronald Tesnow
Aaron Doran
Alejandro Bras

4. ADJOURNMENT
The meeting adjourned at 8:45 p.m.
________________________________

ANDREA SORCE, MAYOR
ATTEST:
________________________________
DAWN G. ABRAHAMSON

CITY CLERK
Special City Council Meeting Minutes
April 22, 2025
Page | 1

VALLEJO CITY COUNCIL

SPECIAL MEETING MINUTES
APRIL 22, 2025

COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California

1. CALL TO ORDER
The meeting was called to order at 4:30 p.m.

2. ROLL CALL

Present: Mayor Sorce, Vice Mayor Bregenzer, Councilmembers Gordon, Lediju, Matias (arrived at 4:36 p.m.), Matulac, and Palmares

Absent: None
Staff present: City Manager Murray, City Attorney Nebb, City Clerk Abrahamson, Chief Assistant City Attorney Risner, Assistant City Manager Haen, Human Resources Director Sifuentes, Police Chief Ta, Human Resources Director Sifuentes, Finance Director Nayar, and Project Manager Hanford
The Council convened into Closed Session in the Council Conference Room at 4:36 p.m.

3. CLOSED SESSION
A. Conference with Labor Negotiators Pursuant to Government Code Section 54957.6.

Agency Negotiators: Andrew Murray, City Manager.

Employee Organization: Unrepresented Employees
B. Conference with Legal Counsel - Anticipated Litigation: Significant Exposure to Litigation Pursuant to Government Code Section 54945.9(d)(2): 3 Cases C. Conference with Legal Counsel - Anticipated Litigation Initiation of Litigation Pursuant to Government Code Section 54956.9(d)(4): 2 Cases
D. PUBLIC EMPLOYEE PERFORMANCE EVALUATION - Pursuant to Government Code Section 54957
Title: City Attorney

4. ADJOURNMENT
The meeting adjourned at 7:59 p.m.
________________________________

ANDREA SORCE, MAYOR
Special City Council Meeting Minutes
April 22, 2025
Page | 2
ATTEST:
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
Regular City Council Minutes
April 22, 2025
Page | 1

VALLEJO CITY COUNCIL

REGULAR MEETING MINUTES
APRIL 22, 2025

COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California

1. CALL TO ORDER
The meeting was called to order at 8:02 p.m.

2. ROLL CALL

Present: Mayor Sorce, Vice Mayor Bregenzer, Councilmembers Gordon, Lediju, Matias, Matulac, and Palmares

Absent: None
Staff present: City Manager Murray, City Attorney Nebb and City Clerk Abrahamson

3. PLEDGE OF ALLEGIANCE

4. REPORT OUT OF CLOSED SESSION
City Attorney Nebb reported the following:
•Closed Session Item 4A – Council provided direction to its labor negotiators. •Closed Session Item 4B & 4C – not discussed. Will be agendized for a future meeting.
•Closed Session Item 4D – Council provided direction.

5. PRESENTATIONS AND COMMENDATIONS
Action: proclamation was read and presented by Councilmember Gordon.

A. PRESENTATION OF A PROCLAMATION RECOGNIZING APRIL 2025 AS

SEXUAL ASSAULT AWARENESS MONTH & CHILD ABUSE PREVENTION MONTH

6. FIRST COMMUNITY FORUM
Speakers: Daniel Boone, Katie Burns and Rayvon Williamson (iHart), Matthew Aguilar, and Sherianne Grimm.

7. PUBLIC COMMENT REGARDING CONSENT CALENDAR ITEMS
Speakers: Tom Keaney (Item 8H).

8. CONSENT CALENDAR AND APPROVAL OF AGENDA
Action: moved by Vice Mayor Bregenzer and carried unanimously, unless otherwise noted, approval of the Agenda and the Consent Calendar with the removal of Items 8G and 8H making them Items 8.1 and 8.2.

A. APPROVAL OF MINUTES
Regular City Council Minutes
April 22, 2025
Page | 2
Recommendation: Approve minutes from the special meeting of April 1 and the special and regular meetings of April 8
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
Action: approved minutes.

B. WAIVE FULL READING AND AUTHORIZING INTRODUCTIONS AND/OR

ADOPTION OF ORDINANCES BY TITLE ONLY
Recommendation: Waive reading and authorize introductions and/or adoptino of any and all ordinances on this agenda,if any, by title only. This is a standard procedural action so the City Council does not have to read an ordinance in its entirety.

Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
Action: waived reading and authorized introductions and/or adoption of any and all ordinances on this agenda, if any, by title only. This is a standard procedural action so the City Council does not have to read an ordinance in its entirety.

C. PAYMENT OF CLAIMS: FEBRUARY 2025
Recommendation: Ratify the payment of claims for the period of February 1, 2025, through February 28, 2025.

Contact: Rekha Nayar, Finance Director (707) 648-4592
[email protected]
Action: ratified payment of claims for the period of February 1-28, 2025.

D. ADOPT A RESOLUTION APPROVING PLANS AND SPECIFICATIONS FOR

THE VALLEJO FERRY TERMINAL MOBILITY HUB IMPROVEMENT
PROJECT (PROJECT NO. PW9437), AWARDING A CONSTRUCTION
CONTRACT TO DUTCH CONTRACTING, INC. IN THE AMOUNT OF
$199,495.00, REJECTING ALL OTHER BIDS, AND AUTHORIZING THE

CITY MANAGER TO EXECUTE THE CONSTRUCTION CONTRACT, AND

FINDING THE PROJECT EXEMPT FROM THE REQUIREMENTS OF THE

CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) PURSUANT TO CEQA GUIDELINES SECTION 15301(c) - EXISTING FACILITIES
Recommendation: Adopt a Resolution approving Plans and Specifications for the Vallejo Ferry Terminal Mobility Hub Improvement Project (Project No.

PW9437), awarding a construction contract to Dutch Contracting, Inc. in the amount of $199,495.00, rejecting all other bids, and authorizing the City Manager to execute the construction contract, and finding the project exempt from the requirements of the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301(c) - Existing Facilities.

Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
Action: adopted Resolution No. 25-043 N.C.

E. ACCEPT THE CITYWIDE SLURRY SEAL PROJECT (PW9745),
PERFORMED BY PAVEMENT COATINGS CO., AS COMPLETE, AND
Regular City Council Minutes
April 22, 2025
Page | 3

AUTHORIZE THE CITY CLERK TO FILE A NOTICE OF COMPLETION WITH THE SOLANO COUNTY RECORDER’S OFFICE
Recommendation: Accept the Citywide Slurry Seal Project (PW9745), performed by Pavement Coatings Co., as complete, and authorize the City Clerk to file a Notice of Completion with the Solano County Recorder’s Office.

Contact: Melissa Tigbao, P.E., Public Works Director, (707) 648-4433 [email protected]
Action: accepted the Citywide Slurry Seal Project (PW9745), performed by Pavement Coatings Co., as complete, and authorized the City Clerk to file a Notice of Completion with the Solano County Recorder’s Office F. ADOPT A RESOLUTION FOR THE CITY COUNCIL TO AUTHORIZE A 10- YEAR LEASE AGREEMENT WITH ZOLL ONE FOR 10 ZOLL X SERIES

CARDIAC MONITORS/DEFIBRILLATORS FOR FIRE DEPARTMENT
APPARATUS IN THE AMOUNT OF $935,415.79 AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE SAME.

Recommendation: Adopt the resolution approving the Zoll One Program Master Agreement between the City and Zoll Medical Corporation for a 10-year lease and service of cardiac monitors and associated medical equipment, in the amount of $935,415.79 ($500,000 down payment and $43,541.58 annual payment), and authorizing the City Manager to execute the same.

Contact: Arthur Gonzales, Interim Fire Chief
[email protected]
Action: adopted Resolution No. 25-044 N.C.

G. ADOPT A RESOLUTION APPROVING THE FIRST AMENDMENT TO
PARTICIPATION AGREEMENT; THE FIRST AMENDMENT TO CITY OF

VALLEJO HOME INVESTMENT OWNERS PROGRAM REGULATORY
AGREEMENT; THE FIRST AMENDMENT TO AFFORDABLE HOUSING
COVENANT; AND AN ESTOPPEL CERTIFICATE, CONSENT TO

ENCUMBER AND AGREEMENT TO PROVIDE NOTICE WHICH WILL

ENABLE THE OWNER, MARINA TOWER INVESTMENTS, LP, TO

REFINANCE THE MARINA TOWER APARTMENTS, AN AFFORDABLE

HOUSING PROJECT FOR SENIORS, AND PROVIDE REHABILITATION TO

THE APARTMENTS
Recommendation: Staff recommends adopting the resolution to agree to the subordination of the amendments and HUD rider for Marina Towers LP. 1.

Affordable Housing Covenant 2. Loan for the Participation Agreement 3.

Estoppel certificate for the parking lease, and 4. HOME regulatory agreement with HUD rider.

Contact: Alicia Jones, Housing Director(707) 648-4408
[email protected]
Action: item was removed from the Consent Calendar at the request of Councilmember Gordon.

Housing Director Jones provided an overview of the staff report and responded to questions from Councilmembers.

Regular City Council Minutes
April 22, 2025
Page | 4
Action: moved by Vice Mayor Bregenzer and carried unanimously to adopt Resolution No. 25-045 N.C.

H. NOTICE OF INTENT TO AMEND FISCAL YEAR (FY) 2024-25 GENERAL FUND BUDGET TO APPROPRIATE $52,000 OF UNASSIGNED GENERAL

FUND BALANCE TO SUPPLEMENT ENTERTAINMENT FUNDING FOR THE 2025 SOLANO COUNTY FAIR (STEP 1)
Recommendation: Consider adopting a notice of intent to amend the Fiscal Year (FY) 2024-25 General Fund budget to appropriate $52,000 of unassigned General Fund balance to supplement entertainment funding for the 2025 Solano County Fair (“Fair”).

Contact: Andrew Murray, City Manager (707) 648-4565
[email protected]
Action: removed from the Consent Calendar at the request of Councilmember Lediju.

City Manager Murray provided background information and responded to questions from Councilmembers.

Speaker: Askari Sowonde, Tom Keaney and Joe Joyce.

Action: moved by Vice Mayor Bregenzer and carried unanimously to adopt a notice of intent to amend the Fiscal Year (FY) 2024-25 General Fund budget to appropriate $52,000 of unassigned General Fund balance to supplement entertainment funding for the 2025 Solano County Fair (“Fair”) and requested payback coming to the City on behalf of the Fairgrounds be reinvested in future programming for the Fair.

9. ACTION CALENDAR
A. ADOPT A RESOLUTION APPROVING THE EQUIPMENT PURCHASE
AGREEMENT WITH L.N. CURTIS & SONS FOR PROTECTIVE EQUIPMENT

AND TOOLS FOR THE FIRE DEPARTMENT AND POLICE DEPARTMENT IN THE NOT TO EXCEED AMOUNT OF $1,100,000.00 AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE SAME.

Recommendation: Adopt the resolution approving the Equipment Purchase Agreement for the purchase of equipment, materials and supplies from L.N.

Curtis & Sons (including their Blue Line Division) in an amount not to exceed $1,100,000.00 for the Vallejo Fire Department and the Vallejo Police Department pursuant to the Master Price Agreement between the Public Procurement Authority and L.N. Curtis & Sons, as amended; and authorize the City Manager to execute the same.

Contact: Arthur Gonzales, Interim Fire Chief
[email protected]
Action: moved by Vice Mayor Bregenzer and carried unanimously to adopt Resolution No. 25-046 N.C.

Regular City Council Minutes
April 22, 2025
Page | 5
B. ADOPT A RESOLUTION ADOPTING A MITIGATED NEGATIVE

DECLARATION AND MITIGATION MONITORING AND REPORTING

PROGRAM FOR THE MARE ISLAND CAUSEWAY BRIDGE PREVENTIVE
MAINTENANCE PROJECT (PROJECT NO. PW9762); APPROVING THE PROJECT PLANS AND SPECIFICATIONS FOR THE PROJECT;

AWARDING A CONSTRUCTION CONTRACT TO CALIFORNIA
ENGINEERING CONTRACTORS, INC. IN THE AMOUNT OF $19,869,755 AND REJECTING ALL OTHER BIDS; AND AUTHORIZING THE CITY

MANAGER TO EXECUTE THE CONTRACT
Recommendation: Adopt a Resolution adopting a Mitigated Negative Declaration and Mitigation Monitoring and Reporting Plan for the Mare Island Causeway Bridge Preventative Maintenance Project (Project No. PW9762); approving the Project Plans and Specifications for the Project; awarding a construction contract to California Engineering Contractors, Inc. in the amount of $19,869,755 and rejecting all other bids; and authorizing the City Manager to execute the contract.

Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
Transportation Manager Helmbrecht provided an overview of the staff report and outlined the recommendation.

Staff responded to questions from Councilmembers. Councilmembers provided comment.

Action: moved by Vice Mayor Bregenzer and carried to adopt Resolution No. 25-047 N.C. (Noes: Lediju)
C. ADOPT A RESOLUTION CREATING A COUNCIL AD-HOC

SUBCOMMITTEE TO WORK WITH CITY STAFF ON SETTLEMENT

AGREEMENT POLICE REFORM EFFORTS AND APPOINTMENT OF

THREE MEMBERS OF THE CITY COUNCIL TO THE AD-HOC

SUBCOMMITTEE
Recommendation: Adopt a Resolution Authorizing the Creation of a Council Ad-hoc Subcommittee to work with City Staff on Settlement Agreement Police Reform Efforts and Appoint Three Members of the City Council to the Ad-hoc Subcommittee.

Contact: Jason Ta, Chief of Police (707) 648-4540
[email protected]
Staff responded to questions from Councilmembers.

Action: moved by Vice Mayor Bregenzer and carried unanimously to adopt Resolution No. 25-048 N.C. appointing Mayor Sorce, Vice Mayor Bregenzer and Councilmember Gordon to the ad-hoc committee.

D. ADOPT A RESOLUTION APPOINTING TWO MEMBERS OF THE CITY

COUNCIL TO THE STANDING PUBLIC SAFETY COMMITTEE
Regular City Council Minutes
April 22, 2025
Page | 6
Recommendation: Adopt a resolution appointing two members of the CIty Council to the standing Public Safety Committee
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
Staff responded to questions from Councilmembers. Councilmembers provided comment.

Action: by consensus of the full Council, staff was directed to return with the item to increase the composition of the Committee from 2 to 3 councilmembers and make the appointments at the next regular council meeting.

10. INFORMATION CALENDAR
A. BROADWAY PROJECT MONTHLY UPDATE
Recommendation: Receive an update on the Broadway Project.

Contact: Gillian Haen, Assistant City Manager
[email protected]
Assistant City Manager Haen provided background information, updates on the project schedule and budget and outlined the final steps.

Speakers: William Baker.

Staff and Heather Chicoine (Firm Foundation) responded to questions from Councilmembers. Councilmembers provided comment.

11. CITY MANAGER’S REPORT
City Manager Murray provided an update on the Vallejo Police Department and Vallejo City Unified School District kickoff to the Safe Start to Schools Program.

12. CITY ATTORNEY’S REPORT – none.

13. COMMUNITY FORUM
Speakers: Melvin Cohen and Tina Arriola.

14. REPORT OF THE PRESIDING OFFICER AND MEMBERS OF THE CITY COUNCIL Councilmembers provided reports on community events and meetings attended and shared future agenda item requests

15. ADJOURNMENT
The meeting adjourned at 10:47 p.m.
________________________________

ANDREA SORCE, MAYOR
Regular City Council Minutes
April 22, 2025
Page | 7
ATTEST:
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
Vallejo City Council as the Successor Agency to Former
Vallejo Redevelopment Agency – Special Meeting Minutes
April 22, 2025
Page | 1

VALLEJO CITY COUNCIL AS GOVERNING BOARD

OF THE SUCCESSOR AGENCY TO THE FORMER

VALLEJO REDEVELOPMENT AGENCY

SPECIAL MEETING MINUTES
APRIL 22, 2025

COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California

1. CALL TO ORDER
The meeting was called to order at 10:51 p.m.

2. ROLL CALL

Present: Mayor Sorce, Vice Mayor Bregenzer, Councilmembers Gordon, Lediju, Matias, Matulac, and Palmares

Absent: None
Staff Present: City Manager Murray, City Attorney Nebb and City Clerk Abrahamson

3. PRESENTATIONS AND COMMENDATIONS – None.

4. CONSENT CALENDAR AND APPROVAL OF AGENDA
Action: moved by Vice Mayor Bregenzer and carried unanimously to approve the Agenda.

5. ACTION CALENDAR
A. ADOPT A RESOLUTION DECLARING THREE SUCCESSOR AGENCY-

OWNED PARCELS LOCATED BETWEEN SOLANO AVENUE AND RYDER
STREET CONSISTING OF APNS: 0058-100-300, 0058-100-320 AND 0058- 100-450 "EXEMPT SURPLUS LAND" PURSUANT TO GOVERNMENT
CODE SECTION 54221(f)(1)(D) AND FINDING THAT SAID ACTION IS

EXEMPT FROM ENVIRONMENTAL REVIEW UNDER THE CALIFORNIA

ENVIRONMENTAL QUALITY ACT (CEQA) PURSUANT TO CEQA
GUIDELINES SECTION 15312 - SURPLUS GOVERNMENT PROPERTY
SALES
Recommendation: Adopt a Resolution declaring three Successor Agency- owned parcels located between Solano Avenue and Ryder Street consisting of APNs: 0058-100-300, 0058-100-320, and 0058-100-450 "exempt surplus land" pursuant to Government Code Section 54221(f)(1)(D) and finding that said action is exempt from environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15312 - Surplus Government Property Sales.

Contact: Gillian Haen, Assistant City Manager (707) 648-4163 [email protected]
Assistant City Manager Hane provided background information, reviewed Government Code Section 54221 and applicable exemption, provided an Vallejo City Council as the Successor Agency to Former
Vallejo Redevelopment Agency – Special Meeting Minutes
April 22, 2025
Page | 2
overview of the Railroad Spur parcels and property values outside sources, outlined next steps and staff recommendation.

Councilmembers provided comment.

Action: moved by Vice Mayor Bregenzer and carried unanimously to adopt Resolution No. 25-001.

6. ADJOURNMENT
The meeting adjourned at 11:05 p.m.
________________________________

ANDREA SORCE, MAYOR
ATTEST:
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
CONSENT CALENDAR 8.C.

DATE: May 13, 2025
TO: Mayor and Members of the City Council
FROM: Rekha Nayar, Finance Director
SUBJECT: CITY TREASURER’S QUARTERLY INVESTMENT REPORT

RECOMMENDATION
Accept the City Treasurer’s Investment Report for the quarter ended March 31, 2025

REASONS FOR RECOMMENDATION
The City’s Investment Policy requires the City Treasurer to submit quarterly investment reports to the City Council.

BACKGROUND AND DISCUSSION
The City of Vallejo follows the provisions of California Government Code Sections 53601, 53635, and 53651 as guidelines for developing and implementing its investment policies and practices. The City Manager has delegated the authority for managing and investing City funds to the City Finance Director, who also serves as the City Treasurer. The Finance Director/Treasurer is authorized to invest and reinvest City funds, sell or exchange securities, and deposit securities for safekeeping in accordance with the Investment Policy approved annually by the City Council.

At the end of each calendar quarter, the City Treasurer is required by the City’s adopted Investment Policy to report on the status of investments to the City Council. The City Treasurer’s Investment Report as of March 31, 2025 is submitted. The report includes all securities managed by the City and its Investment Managers (excluding bond proceeds) and provides information on the values (par, fair, and cost), term, and yield of each security. Please note that because the safe-keeping custodian and the Investment Manager may use different pricing sources to determine the market value of the securities, there can be minor differences in market values shown on the custodian's monthly statement as compared to the Investment Manager's monthly statement.

Fair Value of individual securities has been provided by Chandler Asset Management. The City utilizes Principal Financial as its third-party safekeeping custodian for safekeeping of all investments with the exception of the Local Agency Investment Fund (LAIF). LAIF being a money market fund administered by the State Treasurer has many governmental agency participants, and holds securities through its own administrator.

The share of each fund in the City's pooled cash as of June 30, 2024 is as follows:

Water Fund 24.2%
General Fund 22.2%
Capital Project Funds 16.9%
Risk Funds 13.1%
LMD Funds 7.3%
All other funds 16.3%

Date: May 13, 2025
Subject: CITY TREASURER’S QUARTERLY INVESTMENT REPORT

Page 2 ends

Total 100%

Condensed investment information as of March 31, 2025, is as follows:

Condensed earnings and return information as of March 31, 2025, is as follows:

Current Quarter Fiscal Year-to-
Date
Portfolio Investment Earnings:

City of Vallejo (realized earning)2 $ 2,738,516 $ 6,944,892 City of Vallejo (unrealized reamings) $ 296,191 $ 1,450,555

Net Change in Portfolio Fair Value Balance3:

City of Vallejo $ 26,028,891 -$ 14,186,755

Approximate Portfolio Rate-of-Return:

City of Vallejo - Yield to Maturity4 4.09%

BENCHMARK COMPARISON RATE-OF-RETURN5:

Local Agency Investment Fund5 4.28% 2-Year U.S. Treasury Note Yield 4.24% 1 In accordance with Government Code Section 53646, the Fair Value of the Local Agency Investment Fund (LAIF) represents the value from the March 31, 2025, LAIF statement and has not been

Date: May 13, 2025
Subject: CITY TREASURER’S QUARTERLY INVESTMENT REPORT

Page 3 ends

adjusted by the “Amortized Cost Factor” which is used in adjusting the statement balance to the actual “Fair Value” balance. 2 The City records interest income on a cash basis, whereas the attached statement uses the accrual basis. Since the accrual basis includes interest income earned but not received, there is a timing difference in recording the interest income between the City’s books and the attached statement. This difference will be trued up at fiscal year-end. 3 The “Net Change in Portfolio Fair Value Balance” is primarily a measure of the difference in the inflows and outflows of funds held in the LAIF account during the period. The change is primarily due to the timing of the receipt of property tax revenues, which are received in December and April of each year, and the timing of the City making withdrawals in the ordinary course of business to pay expenses.
4 Yield to Maturity is the interest income the portfolio will earn for the next twelve months expressed as a percentage. Yield to maturity assumes no changes during that twelve month period. 5 These are the performance benchmarks stated in the City’s Investment Policy. LAIF rate of return is as of March 31, 2025.

COMPLIANCE

All investment transactions were executed in accordance with the California Government Code and the City’s and Investment Policies. In accordance with California Government Code section 53646(b)(3), staff believes that the investments and budgeted revenues for the City will provide sufficient cash flow to meet the anticipated cash flow requirements of each entity for the next six months.

Pooled cash and investments book balances are adjusted annually to reflect fair value as required by Generally Accepted Accounting Principles. The term fair value was formerly known as market value and became effective with the mandatory implementation of GASB 31 in fiscal year 1998. The attached investment schedules meet these requirements.

It should be noted that this is an investment portfolio report and does not include bank checking account deposits for the City. The Housing Authority is not required to file a quarterly report because it does not have any reportable investments since it closed it's investment account and transferred all funds to it's bank account which is covered by a general depository agreement, as required by HUD.

FISCAL IMPACT
There is no fiscal impact from this report. The City's portfolio had total investment earnings of $3,034,707 during the three-month period ending March 31, 2025. These earnings include the fair value versus cost value unrealized, non-cash gain of approximately $296,191 for the quarter. Fair value fluctuates from one period to another depending on the changes in interest rates and the supply and demand for bonds at a particular time. Therefore, there is often a difference between the cost value (the value at the time of purchase) and the fair value (the market value of the same security at a certain later period) creating an unrealized gain or loss.

ENVIRONMENTAL REVIEW
This action is exempt from the California Environmental Quality Act (CEQA) because it is not a project which has a potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment, pursuant to CEQA Guideline section 15378.

ATTACHMENTS

1. Chandler Monthly Statement - Account 262 - 03-31-25

2. City of Vallejo Economic and Account Analyusis 03-31-25

CONTACT
Date: May 13, 2025
Subject: CITY TREASURER’S QUARTERLY INVESTMENT REPORT

Page 4 ends

Rekha Nayar, Finance Director, (707) 648-4592
[email protected]

MONTHLY ACCOUNT STATEMENT
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

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

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Average Modified Duration 1.01
Average Coupon 3.09%
Average Purchase YTM 4.09%
Average Market YTM 4.21%
Average Credit Quality* AA+
Average Final Maturity 1.15
Average Life 1.03
End Values as of
02/28/2025
End Values as of
03/31/2025
Market Value 278,400,467.00 276,906,012.62
Accrued Interest 1,044,569.56 919,209.56
Total Market Value 279,445,036.56 277,825,222.18
Income Earned 560,882.63 760,352.57
Cont/WD (611,635.51) (2,748,571.61)
Par 280,007,064.43 278,110,207.25
Book Value 278,731,069.10 276,928,375.34
Cost Value 278,162,590.80 276,213,170.15
Government of The United States 47.38%
LAIF 19.98%
Wells Fargo & Company 14.14%
Federal Home Loan Banks 1.75%
FNMA 1.20%
Federal Home Loan Mortgage Corp 0.94%
Allspring Group Holdings LLC 0.91%
International Bank for Recon and Dev 0.72%
*The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch.

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Book Value 278,731,069.10 252,219,495.64
Maturities/Calls (10,000,000.00) (91,950,000.00)
Principal Paydowns (180,701.20) (581,287.57)
Purchases 36,419,045.12 245,171,653.19
Sales (28,321,591.14) (128,425,125.93)
Change in Cash, Payables, Receivables 187,934.91 (99,067.13) Amortization/Accretion 217,225.68 740,178.95
Realized Gain (Loss) (124,607.12) (147,471.81)
Ending Book Value 276,928,375.34 276,928,375.34
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Market Value 278,400,467.00 250,877,122.06
Maturities/Calls (10,000,000.00) (91,950,000.00)
Principal Paydowns (180,701.20) (581,287.57)
Purchases 36,419,045.12 245,171,653.19
Sales (28,321,591.14) (128,425,125.93)
Change in Cash, Payables, Receivables 187,934.91 (99,067.13) Amortization/Accretion 217,225.68 740,178.95
Change in Net Unrealized Gain (Loss) 308,239.37 1,320,010.86 Realized Gain (Loss) (124,607.12) (147,471.81)
Ending Market Value 276,906,012.62 276,906,012.62
Maturities / Calls
Month to Date (10,000,000.00)
Fiscal Year to Date (91,950,000.00)
Principal Paydowns
Month to Date (180,701.20)
Fiscal Year to Date (581,287.57)
Purchases
Month to Date 36,419,045.12
Fiscal Year to Date 245,171,653.19
Sales
Month to Date (28,321,591.14)
Fiscal Year to Date (128,425,125.93)
Interest Received
Month to Date 662,186.51
Fiscal Year to Date 2,571,714.55
Purchased / Sold Interest
Month to Date 6,300.38
Fiscal Year to Date (338,310.29)
CONFIDENTIAL | 4
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026 15,864.39 11/16/2021

0.89%
15,861.04
15,863.81

99.66 4.86%
15,810.48

3.88 0.01%
(53.32)
AAA/NA
AAA

0.81 0.08
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026 8,447.80 07/13/2021

0.52%
8,447.05
8,447.66

99.82 5.22%
8,432.59

1.95 0.00%
(15.07)
AAA/NA
AAA

0.96 0.04
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026 91,826.52 02/15/2022

1.89%
91,812.71
91,823.14

99.46 4.73%
91,332.32

76.73 0.03%
(490.83)

AAA/AAA
NA

1.12 0.19
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 65,197.43 05/10/2022

3.23%
65,194.04
65,196.39

99.68 4.55%
64,988.95

34.88 0.02%
(207.44)

AAA/AAA
NA

1.40 0.24
89238FAD5 TAOT 2022-B A3 2.93
09/15/2026 91,050.01 04/07/2022

3.09%
91,047.88
91,049.46

99.56 4.55%
90,650.79
118.57

0.03%
(398.67)

AAA/AAA
NA

1.46 0.27
47787JAC2 JDOT 2022 A3 2.32 09/15/2026 58,618.27 03/10/2022

2.34%
58,605.31
58,614.34

99.48 4.16%
58,312.31

60.44 0.02%
(302.03)
AAA/NA
AAA

1.46 0.28
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 24,233.21 10/13/2021

0.68%
24,232.59
24,233.05

99.47 4.91%
24,105.96

6.87 0.01%
(127.09)

AAA/AAA
NA

1.46 0.12
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 29,378.28 01/11/2022

1.27%
29,375.72
29,377.51

99.47 4.55%
29,223.65

15.42 0.01%
(153.86)
NA/AAA
AAA

1.63 0.16
362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027 98,596.99 04/05/2022

3.13%
98,576.39
98,589.58

99.49 4.67%
98,089.88
127.35

0.04%
(499.70)

AAA/AAA
NA

1.88 0.33
47800AAC4 JDOT 2022-B A3 3.74
02/16/2027 179,609.61 07/12/2022

3.77%
179,592.46
179,602.79

99.62 4.59%
178,918.67
298.55

0.06%
(684.12)
AAA/NA
AAA

1.88 0.47
02582JJT8 AMXCA 2022-2 A 3.39
05/17/2027 840,000.00 05/17/2022

3.42%
839,814.19
839,989.15

99.84 4.72%
838,682.04
1,265.60

0.30%
(1,307.11)
NA/AAA
AAA

0.12 0.12
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027 499,492.25 11/15/2022

5.27%
499,393.44
499,443.10
100.29

4.70%
500,951.31
1,156.60

0.18%
1,508.22

AAA/AAA
NA

2.38 0.51
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 169,908.94 07/11/2023

5.47%
169,878.83
169,889.98
100.66

4.59%
171,029.13
154.90

0.06%
1,139.16
NA/AAA
AAA

2.91 0.70
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026 375,000.00 06/07/2023

4.87%
374,966.74
374,983.52
100.55

4.40%
377,080.88
811.67

0.14%
2,097.35
NA/AAA
AAA

1.12 1.07
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,005,000.00 09/07/2023

5.17%
1,004,721.41
1,004,807.41
101.13

4.39%
1,016,384.64
2,304.80

0.37%
11,577.23
NA/AAA
AAA

3.46 1.37
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 580,000.00 11/19/2024

4.66%
579,981.38
579,982.78
100.64

4.34%
583,715.94
1,188.36

0.21%
3,733.16
AAA/NA
AAA

4.38 2.01
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 475,000.00 03/04/2025

5.09%
474,970.12
474,970.50

99.92 4.30%
474,625.80
1,285.14

0.17%
(344.71)
AAA/NA
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
44935CAD3 HART 2025-A A3 4.32
10/15/2029 600,000.00 03/04/2025

4.84%
599,911.50
599,912.55

99.88 4.42%
599,289.48
1,368.00

0.22%
(623.07)
NA/AAA
AAA

4.54 2.06
Total ABS 5,207,223.68 4.49%
5,206,382.78
5,206,776.71
100.28

4.50%
5,221,624.82
10,279.71

1.89%
14,848.11

2.71 1.15
AGENCY
3137EAEU9

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
07/21/2025
1,075,000.00 07/21/2020

0.48%
1,069,646.50
1,074,674.21

98.82 4.29%
1,062,303.90
783.85

0.38%
(12,370.32)
AAA/AA
AA

0.31 0.30
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 1,700,000.00 08/25/2020

0.47%
1,692,044.00
1,699,363.17

98.46 4.28%
1,673,871.61
637.50

0.60%
(25,491.56)
AAA/AA
AA

0.40 0.39
3137EAEX3

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025
1,560,000.00 09/23/2020

0.44%
1,555,304.40
1,559,549.49

98.14 4.35%
1,530,989.96
130.00

0.55%
(28,559.53)
AAA/AA
AA

0.48 0.47
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025 1,680,000.00 11/09/2020

0.57%
1,673,985.60
1,679,273.38

97.73 4.37%
1,641,872.89
3,360.00

0.59%
(37,400.50)
AAA/AA
AA

0.61 0.59
3130ATUC9 FEDERAL HOME LOAN BANKS 4.5
12/12/2025 1,800,000.00 02/08/2023

4.21%
1,813,572.00
1,803,337.38
100.21

4.18%
1,803,841.58
24,525.00

0.65%
504.20
AAA/AA
AA

0.70 0.67
3130AWMN7 FEDERAL HOME LOAN BANKS

4.375 06/09/2028 1,000,000.00 07/26/2023

4.27%
1,004,500.00
1,002,946.88
101.34

3.92%
1,013,361.67
13,611.11

0.37%
10,414.79
AAA/AA
AA

3.19 2.92
3130AWTR1 FEDERAL HOME LOAN BANKS

4.375 09/08/2028 1,000,000.00 09/21/2023

4.70%
985,570.00
990,003.27
101.48

3.91%
1,014,840.94
2,795.14

0.37%
24,837.67
AAA/AA
AA

3.44 3.16
3133EPN50 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.25 12/15/2028 1,000,000.00 12/28/2023

3.88%
1,016,720.00
1,012,486.97
100.83

4.00%
1,008,322.31
12,513.89

0.36%
(4,164.66)
AAA/AA
AA

3.71 3.36
3130AVBD3 FEDERAL HOME LOAN BANKS 4.5
03/09/2029 1,000,000.00 04/22/2024

4.71%
990,720.00
992,507.22
101.94

3.96%
1,019,409.18
2,750.00

0.37%
26,901.96
AAA/AA
AA

3.94 3.58
Total Agency 11,815,000.00 2.41%
11,802,062.50
11,814,141.97

99.63 4.17%
11,768,814.03
61,106.49

4.25%
(45,327.94)

1.57 1.45

AGENCY CMBS
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 1,835,000.00 05/24/2023

4.24%
1,801,310.55
1,813,901.94

98.77 4.23%
1,812,419.04
5,887.29

0.65%
(1,482.89)
AAA/AA
AAA

3.15 2.84
Total Agency CMBS 1,835,000.00 4.24%
1,801,310.55
1,813,901.94

98.77 4.23%
1,812,419.04
5,887.29

0.65%
(1,482.89)

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CCYUSD Receivable 3,313.48 --

0.00%
3,313.48
3,313.48

1.00 0.00%
3,313.48

0.00 0.00%

0.00 AAA/AAA
AAA

0.00 0.00
CCYUSD Receivable 13,997.03 --

0.00%
13,997.03
13,997.03

1.00 0.00%
13,997.03

0.00 0.01%

0.00 AAA/AAA
AAA

0.00 0.00
CCYUSD Receivable 600,970.92 --

0.00%
600,970.92
600,970.92

1.00 0.00%
600,970.92

0.00 0.22%

0.00 AAA/AAA
AAA

0.00 0.00
Total Cash 618,281.43 0.00%
618,281.43
618,281.43

1.00 0.00%
618,281.43

0.00 0.22%

0.00 0.00

0.00 CORPORATE
89236TJK2 TOYOTA MOTOR CREDIT CORP

1.125 06/18/2026 810,000.00 06/15/2021

1.13%
809,643.60
809,913.53

96.29 4.30%
779,915.26
2,607.19

0.28%
(29,998.28)
A/A
A

1.22 1.18
931142ER0 WALMART INC 1.05 09/17/2026 240,000.00 09/08/2021

1.09%
239,546.40
239,867.35

95.76 4.06%
229,834.58

98.00 0.08%
(10,032.77)
AA/AA
AA

1.47 1.42
87612EBM7 TARGET CORP 1.95 01/15/2027 545,000.00 01/19/2022

1.99%
544,073.50
544,666.52

96.25 4.14%
524,564.93
2,243.58

0.19%
(20,101.59)
A/A
A

1.79 1.72
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 1,000,000.00 --

2.76%
985,444.30
994,370.09

96.48 4.38%
964,802.52
1,905.56

0.35%
(29,567.57)
A/A
A

1.92 1.85
084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027 1,095,000.00 03/07/2022

2.30%
1,094,791.95
1,094,918.76

96.69 4.08%
1,058,715.25
1,119.33

0.38%
(36,203.51)
AA/AA
A

1.96 1.88
023135CF1 AMAZON.COM INC 3.3
04/13/2027 750,000.00 04/25/2022

3.34%
748,702.50
749,468.68

98.32 4.17%
737,405.37
11,550.00

0.27%
(12,063.31)
A/AA
AA

2.04 1.91
74340XBN0 PROLOGIS LP 2.125 04/15/2027 1,000,000.00 11/09/2022

5.15%
881,290.00
945,244.74

95.66 4.37%
956,628.18
9,798.61

0.35%
11,383.44
A/A
NA

2.04 1.94
927804GH1 VIRGINIA ELECTRIC AND POWER
CO 3.75 05/15/2027 250,000.00 05/16/2022

3.82%
249,220.00
249,666.45

98.69 4.40%
246,736.97
3,541.67

0.09%
(2,929.48)
A/BBB
A

2.12 1.99
14913R3A3 CATERPILLAR FINANCIAL
SERVICES CORP 3.6 08/12/2027 700,000.00 08/22/2022

3.81%
693,301.00
696,812.99

98.56 4.24%
689,947.13
3,430.00

0.25%
(6,865.86)
A/A
A

2.37 2.23
931142EX7 WALMART INC 3.95 09/09/2027 500,000.00 --

3.98%
499,366.20
499,690.74

99.72 4.07%
498,607.76
1,206.94

0.18%
(1,082.98)
AA/AA
AA

2.44 2.30
89115A2M3 TORONTO-DOMINION BANK

5.156 01/10/2028 1,100,000.00 06/28/2023

5.27%
1,094,940.00
1,096,899.79
101.69

4.50%
1,118,644.82
12,761.10

0.40%
21,745.03
A/A
AA

2.78 2.54
756109AU8 REALTY INCOME CORP 3.65
01/15/2028 1,000,000.00 04/24/2023

4.71%
955,470.00
973,695.03

97.84 4.48%
978,449.75
7,705.56

0.35%
4,754.72
A/A
NA

2.79 2.60
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,000,000.00 04/10/2023

5.10%
956,490.00
979,207.33

98.73 5.11%
987,331.02
7,541.78

0.36%
8,123.69
A/A
AA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
06406RAB3 BANK OF NEW YORK MELLON
CORP 3.442 02/07/2028 1,000,000.00 04/26/2023

4.55%
961,850.00
981,297.94

98.38 4.80%
983,818.13
5,163.00

0.36%
2,520.19
AA/A
AA

2.86 1.76
74456QBU9 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.7 05/01/2028 1,250,000.00 09/06/2023

5.10%
1,178,487.50
1,202,549.75

98.11 4.36%
1,226,418.38
19,270.83

0.44%
23,868.63
A/A
NA

3.08 2.83
037833ET3 APPLE INC 4.0 05/10/2028 205,000.00 05/08/2023

4.04%
204,604.35
204,754.21

99.96 4.01%
204,921.53
3,211.67

0.07%
167.32
AAA/AA
NA

3.11 2.85
02665WEM9 AMERICAN HONDA FINANCE
CORP 5.125 07/07/2028 1,200,000.00 08/17/2023

5.33%
1,189,428.00
1,192,922.34
101.68

4.56%
1,220,181.73
14,350.00

0.44%
27,259.40
A/A
A

3.27 2.95
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028 1,000,000.00 09/07/2023

5.53%
986,020.00
990,466.05
101.93

4.57%
1,019,312.53
8,666.67

0.37%
28,846.48
A/A
AA

3.34 3.01
24422EXH7 JOHN DEERE CAPITAL CORP 4.5
01/16/2029 1,200,000.00 04/23/2024

5.08%
1,170,792.00
1,176,559.18
100.47

4.36%
1,205,678.75
11,250.00

0.44%
29,119.56
A/A
A

3.80 3.42
06051GMK2 BANK OF AMERICA CORP 4.979
01/24/2029 450,000.00 01/28/2025

4.92%
450,702.00
450,662.07
101.01

4.74%
454,561.36
4,169.91

0.16%
3,899.29
A/A
AA

3.82 2.58
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 01/24/2024

4.64%
1,198,044.00
1,198,500.08
100.66

4.41%
1,207,945.10
9,353.33

0.44%
9,445.03
A/A
NA

3.84 3.45
14913UAJ9 CATERPILLAR FINANCIAL
SERVICES CORP 4.85 02/27/2029 450,000.00 05/21/2024

4.84%
450,193.50
450,158.71
101.60

4.40%
457,182.69
2,061.25

0.17%
7,023.98
A/A
A

3.91 3.52
61747YFD2 MORGAN STANLEY 5.164
04/20/2029 1,200,000.00 05/30/2024

5.44%
1,188,336.00
1,190,841.30
101.36

4.97%
1,216,266.54
27,713.47

0.44%
25,425.24
A/A
A

4.05 2.74
89236TMF9 TOYOTA MOTOR CREDIT CORP

5.05 05/16/2029 500,000.00 05/21/2024

5.01%
500,975.00
500,807.23
101.80

4.57%
508,993.34
9,468.75

0.18%
8,186.11
A/A
A

4.13 3.63
91159HJM3 US BANCORP 5.775 06/12/2029 1,100,000.00 06/20/2024

5.26%
1,119,910.00
1,116,015.76
103.13

5.07%
1,134,473.92
19,233.96

0.41%
18,458.17
A/A
A

4.20 2.85
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,075,000.00 --

4.33%
1,093,949.25
1,091,817.77
101.23

4.43%
1,088,179.02
13,616.67

0.39%
(3,638.76)
A/A
A

4.24 3.69
46647PAV8 JPMORGAN CHASE & CO 4.203
07/23/2029 1,300,000.00 --

4.84%
1,270,702.00
1,275,256.96

98.67 4.90%
1,282,670.13
10,320.70

0.46%
7,413.16
A/A
AA

4.31 3.03
857449AE2 STATE STREET BANK AND TRUST
CO 4.782 11/23/2029 1,250,000.00 01/15/2025

4.93%
1,241,875.00
1,242,218.89
100.95

4.55%
1,261,841.70
20,921.25

0.46%
19,622.81
AA/AA
AA

4.65 4.06
571748CA8

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
1,245,000.00 03/17/2025

4.74%
1,240,069.80
1,240,107.66
100.18

4.61%
1,247,250.13
2,573.00

0.45%
7,142.46
A/A
A

4.96 4.37
Total Corporate 25,615,000.00 4.47%
25,198,217.85
25,379,357.91

99.56 4.52%
25,491,278.50
246,853.77

9.21%
111,920.59

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 55,332,454.23 --

4.31%
55,332,454.23
55,332,454.23

1.00 4.31%
55,332,454.23

0.00 19.98%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 55,332,454.23 4.31%
55,332,454.23
55,332,454.23

1.00 4.31%
55,332,454.23

0.00 19.98%

0.00 0.00

0.00 MONEY MARKET
FUND
94975H312 ALLSPRING:TRS+ MM S 1,834,333.87 --

3.95%
1,834,333.87
1,834,333.87

1.00 3.95%
1,834,333.87

0.00 0.66%

0.00 AAA/AAA
NA

0.00 0.00
94975H312 ALLSPRING:TRS+ MM S 694,529.13 --

3.95%
694,529.13
694,529.13

1.00 3.95%
694,529.13

0.00 0.25%

0.00 AAA/AAA
NA

0.00 0.00
85253$413 Wells Fargo Stagecoach Sweep
Account 39,158,384.91 --

4.22%
39,158,384.91
39,158,384.91

1.00 4.22%
39,158,384.91

0.00 14.14%

0.00 NA/NA
NA

0.00 0.00
Total Money
Market Fund 41,687,247.91 4.20%
41,687,247.91
41,687,247.91

1.00 4.20%
41,687,247.91

0.00 15.05%

0.00 0.00

0.00 SUPRANATIONAL
45950KDD9 INTERNATIONAL FINANCE CORP

4.5 07/13/2028 520,000.00 07/06/2023

4.53%
519,422.80
519,621.20
101.58

3.98%
528,220.26
5,070.00

0.19%
8,599.06

AAA/AAA
NA

3.28 3.00
4581X0EN4

INTER-AMERICAN
DEVELOPMENT BANK 4.125
02/15/2029
1,250,000.00 02/15/2024

4.31%
1,239,725.00
1,242,014.60
100.42

4.01%
1,255,199.69
6,588.54

0.45%
13,185.09

AAA/AAA
NA

3.88 3.53
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
1,000,000.00 10/28/2024

4.25%
988,380.00
989,367.03

99.26 4.06%
992,578.61
17,760.42

0.36%
3,211.58

AAA/AAA
NA

4.54 4.05
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
1,000,000.00 03/27/2025

4.22%
995,850.00
995,859.13
100.20

4.08%
1,002,045.75
1,260.42

0.36%
6,186.62

AAA/AAA
NA

4.97 4.45
Total
Supranational 3,770,000.00 4.30%
3,743,377.80
3,746,861.96
100.22

4.04%
3,778,044.31
30,679.38

1.36%
31,182.35

4.26 3.84

US TREASURY
912797NC7 UNITED STATES TREASURY
04/24/2025 10,000,000.00 --

4.29%
9,909,193.96
9,973,212.83

99.73 4.31%
9,972,946.20

0.00 3.60%
(266.63)
A/AAA
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
912797NM5 UNITED STATES TREASURY
05/22/2025 10,000,000.00 02/20/2025

4.32%
9,893,535.06
9,940,332.84

99.40 4.31%
9,940,145.80

0.00 3.59%
(187.04)
A/AAA
AAA

0.14 0.14
912797NV5 UNITED STATES TREASURY
06/20/2025 12,500,000.00 03/28/2025

4.29%
12,382,254.69
12,383,708.34

99.07 4.30%
12,383,313.88

0.00 4.47%
(394.46)
A/AAA
AAA

0.22 0.22
912797PG6 UNITED STATES TREASURY
07/31/2025 10,000,000.00 --

4.33%
9,801,368.98
9,859,382.04

98.60 4.29%
9,859,841.70

0.00 3.56%
459.66
A/AAA
AAA

0.33 0.33
912797PP6 UNITED STATES TREASURY
08/21/2025 15,000,000.00 02/20/2025

4.36%
14,680,582.42
14,750,784.09

98.37 4.25%
14,756,233.35

0.00 5.33%
5,449.26
A/AAA
AAA

0.39 0.38
91282CFK2 UNITED STATES TREASURY 3.5
09/15/2025 12,500,000.00 02/20/2025

4.33%
12,442,871.09
12,453,686.76

99.69 4.19%
12,461,035.13
20,210.60

4.50%
7,348.37
AAA/AA
AA

0.46 0.45
91282CJL6 UNITED STATES TREASURY 4.875
11/30/2025 12,500,000.00 02/20/2025

4.31%
12,552,246.09
12,545,020.57
100.45

4.18%
12,555,664.00
204,241.07

4.53%
10,643.43
AAA/AA
AA

0.67 0.64
91282CBT7 UNITED STATES TREASURY 0.75
03/31/2026 1,500,000.00 03/30/2021

0.91%
1,487,988.28
1,497,605.55

96.80 4.06%
1,451,988.29

30.74 0.52%
(45,617.26)
AAA/AA
AA

1.00 0.98
91282CBW0 UNITED STATES TREASURY 0.75
04/30/2026 1,000,000.00 04/29/2021

0.88%
993,398.44
998,575.57

96.54 4.05%
965,414.06
3,149.17

0.35%
(33,161.51)
AAA/AA
AA

1.08 1.05
91282CCP4 UNITED STATES TREASURY 0.625
07/31/2026 1,000,000.00 08/10/2021

0.82%
990,507.81
997,458.29

95.68 3.98%
956,796.88
1,035.91

0.35%
(40,661.41)
AAA/AA
AA

1.33 1.30
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 2,250,000.00 --

0.97%
2,226,699.22
2,243,193.26

95.61 3.98%
2,151,210.94
1,467.39

0.78%
(91,982.32)
AAA/AA
AA

1.42 1.38
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 3,000,000.00 --

1.27%
2,979,511.72
2,993,388.76

95.70 3.96%
2,870,976.57
14,171.27

1.04%
(122,412.19)
AAA/AA
AA

1.59 1.53
912828Z78 UNITED STATES TREASURY 1.5
01/31/2027 500,000.00 03/30/2022

2.45%
478,320.31
491,779.63

95.75 3.92%
478,750.00
1,243.09

0.17%
(13,029.63)
AAA/AA
AA

1.84 1.78
912828V98 UNITED STATES TREASURY 2.25
02/15/2027 1,250,000.00 02/06/2023

3.92%
1,173,095.70
1,214,139.25

97.00 3.92%
1,212,548.83
3,496.20

0.44%
(1,590.42)
AAA/AA
AA

1.88 1.81
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 1,250,000.00 09/27/2022

4.27%
1,160,839.84
1,210,487.69

97.34 3.90%
1,216,797.50

85.38 0.44%
6,309.81
AAA/AA
AA

2.00 1.92
91282CEN7 UNITED STATES TREASURY 2.75
04/30/2027 2,500,000.00 --

4.26%
2,445,792.97
2,476,922.79

97.71 3.90%
2,442,871.10
28,867.40

0.88%
(34,051.69)
AAA/AA
AA

2.08 1.97
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 1,400,000.00 07/12/2022

3.00%
1,416,296.88
1,407,370.90

98.66 3.88%
1,381,188.20
11,437.85

0.50%
(26,182.70)
AAA/AA
AA

2.25 2.13
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 1,000,000.00 09/08/2022

3.36%
989,101.56
994,709.73

98.23 3.90%
982,265.62
2,717.39

0.35%
(12,444.11)
AAA/AA
AA

2.42 2.29
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 1,000,000.00 10/28/2022

4.19%
996,875.00
998,412.26
100.58

3.88%
1,005,820.31
112.70

0.36%
7,408.05
AAA/AA
AA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFU0 UNITED STATES TREASURY 4.125
10/31/2027 1,100,000.00 12/20/2022

3.84%
1,113,750.00
1,107,304.93
100.57

3.89%
1,106,230.47
19,052.49

0.40%
(1,074.46)
AAA/AA
AA

2.59 2.39
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 1,250,000.00 01/26/2023

3.62%
1,264,355.47
1,258,011.61

99.98 3.88%
1,249,707.03
12,176.28

0.45%
(8,304.59)
AAA/AA
AA

2.75 2.56
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 1,250,000.00 03/08/2023

4.37%
1,161,083.98
1,198,247.33

96.94 3.88%
1,211,718.75
4,273.14

0.44%
13,471.42
AAA/AA
AA

2.88 2.72
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 1,750,000.00 06/29/2023

4.18%
1,708,437.50
1,723,784.02

99.27 3.88%
1,737,285.17
173.33

0.63%
13,501.14
AAA/AA
AA

3.00 2.81
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 2,180,000.00 --

3.55%
2,175,314.06
2,177,075.53

98.85 3.90%
2,154,878.90
32,037.57

0.78%
(22,196.63)
AAA/AA
AA

3.08 2.85
91282CHQ7 UNITED STATES TREASURY 4.125
07/31/2028 1,000,000.00 09/28/2023

4.29%
976,250.00
983,642.47
100.71

3.90%
1,007,070.31
6,837.02

0.36%
23,427.84
AAA/AA
AA

3.33 3.07
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 1,500,000.00 09/25/2023

4.59%
1,485,644.53
1,490,052.40
101.46

3.91%
1,521,972.66
5,706.52

0.55%
31,920.26
AAA/AA
AA

3.42 3.14
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 1,850,000.00 --

4.93%
1,825,767.58
1,832,840.69
102.33

3.91%
1,893,070.31
233.78

0.68%
60,229.62
AAA/AA
AA

3.50 3.21
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 1,000,000.00 11/17/2023

4.49%
939,570.31
956,087.32

97.36 3.91%
973,593.75
11,826.66

0.35%
17,506.43
AAA/AA
AA

3.63 3.34
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 1,500,000.00 12/21/2023

3.82%
1,536,855.47
1,527,340.43
101.55

3.91%
1,523,320.32
21,995.19

0.55%
(4,020.11)
AAA/AA
AA

3.67 3.32
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 1,200,000.00 01/30/2024

3.96%
1,188,609.38
1,191,311.16

99.41 3.92%
1,192,921.87
11,312.15

0.43%
1,610.71
AAA/AA
AA

3.75 3.43
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 1,500,000.00 02/26/2024

4.31%
1,479,199.22
1,483,810.06
100.27

3.92%
1,504,101.57
9,944.75

0.54%
20,291.51
AAA/AA
AA

3.84 3.50
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 1,000,000.00 03/25/2024

4.24%
1,000,546.88
1,000,434.16
101.17

3.92%
1,011,718.75
3,695.65

0.37%
11,284.59
AAA/AA
AA

3.91 3.57
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 1,200,000.00 04/08/2024

4.43%
1,183,734.38
1,186,930.21
100.73

3.93%
1,208,765.63
135.25

0.44%
21,835.42
AAA/AA
AA

4.00 3.66
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 1,000,000.00 05/28/2024

4.54%
1,003,476.56
1,002,882.62
102.61

3.93%
1,026,054.69
19,419.89

0.37%
23,172.07
AAA/AA
AA

4.08 3.63
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 1,250,000.00 06/26/2024

4.33%
1,259,179.69
1,257,761.15
102.17

3.93%
1,277,099.61
18,853.02

0.46%
19,338.46
AAA/AA
AA

4.17 3.72
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 1,850,000.00 --

3.67%
1,897,115.24
1,891,269.02
101.22

3.93%
1,872,547.80
19,764.85

0.68%
(18,721.22)
AAA/AA
AA

4.25 3.82
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 1,750,000.00 --

4.30%
1,748,632.81
1,748,868.48
100.26

3.93%
1,754,580.08
11,602.21

0.63%
5,711.60
AAA/AA
AA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 1,500,000.00 09/27/2024

3.55%
1,471,464.84
1,474,372.38

96.74 3.94%
1,451,074.22
4,076.09

0.52%
(23,298.16)
AAA/AA
AA

4.42 4.06
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 1,250,000.00 12/17/2024

4.29%
1,207,910.16
1,210,415.79

98.18 3.94%
1,227,294.93
119.54

0.44%
16,879.13
AAA/AA
AA

4.50 4.12
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 1,250,000.00 11/19/2024

4.38%
1,243,896.48
1,244,342.58
100.73

3.95%
1,259,179.69
21,650.55

0.45%
14,837.10
AAA/AA
AA

4.59 4.07
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 1,700,000.00 --

4.09%
1,702,902.34
1,702,719.23
100.77

3.94%
1,713,148.45
23,503.43

0.62%
10,429.22
AAA/AA
AA

4.67 4.15
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 1,250,000.00 --

4.38%
1,249,658.20
1,249,676.58
101.82

3.95%
1,272,705.08
13,747.41

0.46%
23,028.49
AAA/AA
AA

4.75 4.22
Total US Treasury 132,230,000.00 4.04%
130,823,835.10
131,329,351.29

99.24 4.13%
131,195,848.35
564,402.93

47.38%
(133,502.93)

1.37 1.27
Total Portfolio 278,110,207.25 4.09%
276,213,170.15
276,928,375.34

64.68 4.21%
276,906,012.62
919,209.56
100.00%
(22,362.72)

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

ACQUISITIONS
Purchase 03/03/2025 94975H312 14,633.11 ALLSPRING:TRS+ MM S 1.000 3.97% (14,633.11) 0.00 (14,633.11) 0.00 Purchase 03/03/2025 94975H312 29,751.83 ALLSPRING:TRS+ MM S 1.000 3.97% (29,751.83) 0.00 (29,751.83) 0.00 Purchase 03/10/2025 94975H312 54,250.00 ALLSPRING:TRS+ MM S 1.000 3.96% (54,250.00) 0.00 (54,250.00) 0.00 Purchase 03/11/2025 94975H312 694,075.39 ALLSPRING:TRS+ MM S 1.000 3.96% (694,075.39) 0.00 (694,075.39) 0.00 Purchase 03/11/2025 47800DAD6 475,000.00 JDOT 2025 A3 4.23 09/17/2029 99.994 5.09% (474,970.12) 0.00 (474,970.12) 0.00 Purchase 03/12/2025 44935CAD3 600,000.00 HART 2025-A A3 4.32 10/15/2029 99.985 4.84% (599,911.50) 0.00 (599,911.50) 0.00 Purchase 03/17/2025 94975H312 175,522.50 ALLSPRING:TRS+ MM S 1.000 3.94% (175,522.50) 0.00 (175,522.50) 0.00 Purchase 03/17/2025 94975H312 218,750.00 ALLSPRING:TRS+ MM S 1.000 3.94% (218,750.00) 0.00 (218,750.00) 0.00 Purchase 03/18/2025 571748CA8 1,245,000.00

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030

99.604 4.74% (1,240,069.80) (482.44) (1,240,552.24) 0.00 Purchase 03/21/2025 94975H312 10,451.39 ALLSPRING:TRS+ MM S 1.000 3.94% (10,451.39) 0.00 (10,451.39) 0.00 Purchase 03/24/2025 94975H312 2,925.00 ALLSPRING:TRS+ MM S 1.000 3.94% (2,925.00) 0.00 (2,925.00) 0.00 Purchase 03/25/2025 94975H312 19,755.01 ALLSPRING:TRS+ MM S 1.000 3.93% (19,755.01) 0.00 (19,755.01) 0.00 Purchase 03/25/2025 94975H312 10,091.06 ALLSPRING:TRS+ MM S 1.000 3.93% (10,091.06) 0.00 (10,091.06) 0.00 Purchase 03/27/2025 94975H312 1,702,135.22 ALLSPRING:TRS+ MM S 1.000 3.93% (1,702,135.22) 0.00 (1,702,135.22) 0.00 Purchase 03/27/2025 94975H312 10,000,000.00 ALLSPRING:TRS+ MM S 1.000 3.93% (10,000,000.00) 0.00 (10,000,000.00) 0.00 Purchase 03/28/2025 459058LR2 1,000,000.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 4.125
03/20/2030

99.585 4.22% (995,850.00) (916.67) (996,766.67) 0.00
Purchase 03/31/2025 94975H312 163,000.00 ALLSPRING:TRS+ MM S 1.000 3.95% (163,000.00) 0.00 (163,000.00) 0.00 Purchase 03/31/2025 85253$413 7,486,890.69 Wells Fargo Stagecoach Sweep Account 1.000 4.22% (7,486,890.69) 0.00 (7,486,890.69) 0.00 Purchase 03/31/2025 85253$413 143,757.81 Wells Fargo Stagecoach Sweep Account 1.000 4.22% (143,757.81) 0.00 (143,757.81) 0.00 Purchase 03/31/2025 912797NV5 12,500,000.00 UNITED STATES TREASURY 06/20/2025 99.058 4.29% (12,382,254.69) 0.00 (12,382,254.69) 0.00 Total Purchase 36,545,989.01 (36,419,045.12) (1,399.11) (36,420,444.23) 0.00 CONFIDENTIAL | 13
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
TOTAL
ACQUISITIONS 36,545,989.01 (36,419,045.12) (1,399.11) (36,420,444.23) 0.00

DISPOSITIONS
Maturity 03/27/2025 912797MU8 (10,000,000.00) UNITED STATES TREASURY 03/27/2025 100.000 4.32% 10,000,000.00 0.00 10,000,000.00 0.00 Total Maturity (10,000,000.00) 10,000,000.00 0.00 10,000,000.00 0.00 Sale 03/07/2025 94975H312 (83.13) ALLSPRING:TRS+ MM S 1.000 3.97% 83.13 0.00 83.13 0.00 Sale 03/11/2025 91282CAZ4 (1,200,000.00) UNITED STATES TREASURY

0.375 11/30/2025 97.316 0.38% 1,167,796.88 (1,248.63) 1,169,045.51 (32,154.92) Sale 03/12/2025 94975H312 (602,990.87) ALLSPRING:TRS+ MM S 1.000 3.95% 602,990.87 0.00 602,990.87 0.00 Sale 03/18/2025 91324PEC2 (1,245,000.00) UNITEDHEALTH GROUP INC 1.15 05/15/2026 96.236 1.40% 1,198,138.20 (4,891.81) 1,203,030.01 (43,282.95) Sale 03/18/2025 94975H312 (37,522.23) ALLSPRING:TRS+ MM S 1.000 3.94% 37,522.23 0.00 37,522.23 0.00 Sale 03/27/2025 91282CBC4 (1,750,000.00) UNITED STATES TREASURY

0.375 12/31/2025 97.176 0.39% 1,700,576.17 (1,559.05) 1,702,135.22 (49,169.25) Sale 03/28/2025 94975H312 (996,766.67) ALLSPRING:TRS+ MM S 1.000 3.93% 996,766.67 0.00 996,766.67 0.00 Sale 03/31/2025 94975H312 (12,382,254.69) ALLSPRING:TRS+ MM S 1.000 3.95% 12,382,254.69 0.00 12,382,254.69 0.00 Sale 03/31/2025 85253$413 (10,235,462.30) Wells Fargo Stagecoach Sweep Account 1.000 4.22% 10,235,462.30 0.00 10,235,462.30 0.00 Total Sale (28,450,079.89) 28,321,591.14 (7,699.49) 28,329,290.63 (124,607.12) TOTAL
DISPOSITIONS (38,450,079.89) 38,321,591.14 (7,699.49) 38,329,290.63 (124,607.12) OTHER

TRANSACTIONS
Cash Transfer 03/31/2025 CCYUSD (2,748,571.61) Cash (2,748,571.61) 0.00 (2,748,571.61) 0.00 Total Cash
Transfer (2,748,571.61) (2,748,571.61) 0.00 (2,748,571.61) 0.00 Coupon 03/01/2025 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 4.24% 5,887.29 0.00 5,887.29 0.00
CONFIDENTIAL | 14
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/03/2025 808513BY0 0.00 CHARLES SCHWAB CORP

2.45 03/03/2027 2.70% 12,250.00 0.00 12,250.00 0.00
Coupon 03/08/2025 3130AWTR1 0.00 FEDERAL HOME LOAN
BANKS 4.375 09/08/2028 4.70% 21,875.00 0.00 21,875.00 0.00 Coupon 03/09/2025 931142EX7 0.00 WALMART INC 3.95
09/09/2027 3.98% 9,875.00 0.00 9,875.00 0.00
Coupon 03/09/2025 3130AVBD3 0.00 FEDERAL HOME LOAN
BANKS 4.5 03/09/2029 4.71% 22,500.00 0.00 22,500.00 0.00 Coupon 03/15/2025 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.52% 8.65 0.00 8.65 0.00
Coupon 03/15/2025 44935FAD6 0.00 HART 2021-C A3 0.74
05/15/2026 0.75% 2.83 0.00 2.83 0.00
Coupon 03/15/2025 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.89% 176.71 0.00 176.71 0.00
Coupon 03/15/2025 084664CZ2 0.00

BERKSHIRE HATHAWAY
FINANCE CORP 2.3
03/15/2027

2.30% 12,592.50 0.00 12,592.50 0.00
Coupon 03/15/2025 47787JAC2 0.00 JDOT 2022 A3 2.32
09/15/2026 2.34% 126.53 0.00 126.53 0.00
Coupon 03/15/2025 89238FAD5 0.00 TAOT 2022-B A3 2.93
09/15/2026 3.09% 256.75 0.00 256.75 0.00
Coupon 03/15/2025 02582JJT8 0.00 AMXCA 2022-2 A 3.39
05/17/2027 3.42% 2,373.00 0.00 2,373.00 0.00
Coupon 03/15/2025 47800AAC4 0.00 JDOT 2022-B A3 3.74
02/16/2027 3.77% 615.11 0.00 615.11 0.00
Coupon 03/15/2025 91282CFK2 0.00 UNITED STATES TREASURY

3.5 09/15/2025 4.33% 218,750.00 0.00 218,750.00 0.00
Coupon 03/15/2025 34535VAD6 0.00 FORDO 2024-D A3 4.61
08/15/2029 4.66% 2,228.17 0.00 2,228.17 0.00
Coupon 03/15/2025 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2026 4.87% 1,521.87 0.00 1,521.87 0.00
Coupon 03/15/2025 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.17% 4,321.50 0.00 4,321.50 0.00
CONFIDENTIAL | 15
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/15/2025 58768PAC8 0.00 MBART 2022-1 A3 5.21
08/16/2027 5.27% 2,354.15 0.00 2,354.15 0.00
Coupon 03/16/2025 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 18.38 0.00 18.38 0.00
Coupon 03/16/2025 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.27% 39.14 0.00 39.14 0.00
Coupon 03/16/2025 362585AC5 0.00 GMCAR 2022-2 A3 3.1
02/16/2027 3.13% 287.65 0.00 287.65 0.00
Coupon 03/17/2025 931142ER0 0.00 WALMART INC 1.05
09/17/2026 1.09% 1,260.00 0.00 1,260.00 0.00
Coupon 03/21/2025 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.89% 19.28 0.00 19.28 0.00
Coupon 03/23/2025 3137EAEX3 0.00

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025

0.44% 2,925.00 0.00 2,925.00 0.00
Coupon 03/25/2025 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.23% 208.75 0.00 208.75 0.00
Coupon 03/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 820.50 0.00 820.50 0.00
Coupon 03/31/2025 91282CBT7 0.00 UNITED STATES TREASURY

0.75 03/31/2026 0.91% 5,625.00 0.00 5,625.00 0.00
Coupon 03/31/2025 91282CGT2 0.00 UNITED STATES TREASURY

3.625 03/31/2028 4.18% 31,718.75 0.00 31,718.75 0.00
Coupon 03/31/2025 91282CFM8 0.00 UNITED STATES TREASURY

4.125 09/30/2027 4.19% 20,625.00 0.00 20,625.00 0.00
Coupon 03/31/2025 91282CEF4 0.00 UNITED STATES TREASURY

2.5 03/31/2027 4.25% 15,625.00 0.00 15,625.00 0.00
Coupon 03/31/2025 91282CLN9 0.00 UNITED STATES TREASURY

3.5 09/30/2029 4.29% 21,875.00 0.00 21,875.00 0.00
Coupon 03/31/2025 91282CKG5 0.00 UNITED STATES TREASURY

4.125 03/31/2029 4.43% 24,750.00 0.00 24,750.00 0.00
Coupon 03/31/2025 91282CJA0 0.00 UNITED STATES TREASURY

4.625 09/30/2028 4.90% 42,781.25 0.00 42,781.25 0.00
Total Coupon 0.00 486,293.76 0.00 486,293.76 0.00
CONFIDENTIAL | 16
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Custody Fee 03/12/2025 CCYUSD (3,079.37) Cash (3,079.37) 0.00 (3,079.37) 0.00 Total Custody Fee (3,079.37) (3,079.37) 0.00 (3,079.37) 0.00 Dividend 03/31/2025 85253$413 0.00 Wells Fargo Stagecoach Sweep Account 4.22% 143,757.81 0.00 143,757.81 0.00
Dividend 03/31/2025 94975H312 0.00 ALLSPRING:TRS+ MM S 3.95% 17,310.51 0.00 17,310.51 0.00 Total Dividend 0.00 161,068.32 0.00 161,068.32 0.00
Management Fee 03/07/2025 CCYUSD (83.13) Cash (83.13) 0.00 (83.13) 0.00 Total
Management Fee (83.13) (83.13) 0.00 (83.13) 0.00
Principal Paydown 03/15/2025 47789QAC4 11,509.81 JDOT 2021-B A3 0.52 03/16/2026 0.52% 11,509.81 -- 11,509.81 0.00
Principal Paydown 03/15/2025 44935FAD6 4,591.84 HART 2021-C A3 0.74 05/15/2026 0.75% 4,591.84 -- 4,591.84 (0.00)
Principal Paydown 03/15/2025 43815BAC4 20,967.25 HAROT 2022-1 A3 1.88 05/15/2026 1.89% 20,967.25 -- 20,967.25 (0.00)
Principal Paydown 03/15/2025 47787JAC2 6,827.83 JDOT 2022 A3 2.32 09/15/2026 2.34% 6,827.83 -- 6,827.83 0.00
Principal Paydown 03/15/2025 89238FAD5 14,103.58 TAOT 2022-B A3 2.93 09/15/2026 3.09% 14,103.58 -- 14,103.58 (0.00)
Principal Paydown 03/15/2025 47800AAC4 17,751.71 JDOT 2022-B A3 3.74 02/16/2027 3.77% 17,751.71 -- 17,751.71 (0.00)
Principal Paydown 03/15/2025 58768PAC8 42,730.21 MBART 2022-1 A3 5.21 08/16/2027 5.27% 42,730.21 -- 42,730.21 0.00
Principal Paydown 03/16/2025 362554AC1 8,207.59 GMCAR 2021-4 A3 0.68 09/16/2026 0.68% 8,207.59 -- 8,207.59 (0.00)
Principal Paydown 03/16/2025 380146AC4 7,898.83 GMCAR 2022-1 A3 1.26 11/16/2026 1.27% 7,898.83 -- 7,898.83 0.00
Principal Paydown 03/16/2025 362585AC5 12,750.91 GMCAR 2022-2 A3 3.1 02/16/2027 3.13% 12,750.91 -- 12,750.91 0.00
Principal Paydown 03/21/2025 43815GAC3 10,432.11 HAROT 2021-4 A3 0.88 01/21/2026 0.89% 10,432.11 -- 10,432.11 (0.00)
Principal Paydown 03/25/2025 05602RAD3 12,838.47 BMWOT 2022-A A3 3.21 08/25/2026 3.23% 12,838.47 -- 12,838.47 0.00
CONFIDENTIAL | 17
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 03/25/2025 05592XAD2 10,091.06 BMWOT 2023-A A3 5.47 02/25/2028 5.47% 10,091.06 -- 10,091.06 0.00
Total Principal
Paydown 180,701.20 180,701.20 -- 180,701.20 (0.00)

CASH & EQUIVALENTS
85253$413 Wells Fargo Stagecoach
Sweep Account 39,158,384.91
41,763,198.71
7,630,648.50
(10,235,462.30)
39,158,384.91

0.00 143,757.81

0.00 0.00

0.00 143,757.81
143,757.81
912797MU8 UNITED STATES TREASURY
03/27/2025 0.00
9,969,383.47

0.00 (10,000,000.00)

0.00 0.00

0.00 30,616.53

0.00 30,616.53
30,616.53
30,616.53
912797NC7 UNITED STATES TREASURY
04/24/2025 10,000,000.00
9,937,108.39

0.00 0.00
9,973,212.83

0.00 0.00

0.00 0.00
36,104.44

0.00 36,104.44
36,104.44
36,104.44
912797NV5 UNITED STATES TREASURY
06/20/2025
03/28/2025
03/31/2025
12,500,000.00

0.00 12,382,254.69

0.00 12,383,708.34

0.00 0.00

0.00 0.00
1,453.65

0.00 1,453.65
1,453.65
1,453.65
94975H312 ALLSPRING:TRS+ MM S
2,528,863.00
3,453,140.08
13,095,340.51
(14,019,617.59)
2,528,863.00

0.00 32,134.94

0.00 0.00

0.00 32,134.94
32,134.94
CCYUSD Receivable
618,281.43
430,346.52

0.00 0.00
618,281.43

0.00 0.00

0.00 Total Cash & Equivalents 64,805,529.34
65,553,177.17
33,108,243.70
(34,255,079.89)
64,662,450.51

0.00 175,892.75

0.00 175,892.75
68,174.62

0.00 68,174.62
244,067.37 244,067.37

FIXED INCOME
023135CF1 AMAZON.COM INC 3.3
04/13/2027
04/25/2022
04/27/2022
750,000.00
749,446.49

0.00 0.00
749,468.68
9,487.50

0.00 11,550.00
2,062.50

22.20 0.00

0.00 0.00
839,989.15
1,265.60
2,373.00
1,265.60
2,373.00

7.65 0.00

7.65 2,380.65
2,380.65
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026
06/07/2023
06/14/2023
375,000.00
374,982.27

0.00 0.00
374,983.52
811.67
1,521.87
811.67
1,521.87

1.25 0.00

1.25 1,523.12
1,523.12
02665WEM9 AMERICAN HONDA FINANCE
CORP 5.125 07/07/2028
08/17/2023
08/21/2023
1,200,000.00
1,192,738.42

0.00 0.00
1,192,922.34
9,225.00

0.00 14,350.00
5,125.00
183.91

0.00 183.91
5,308.91
5,308.91
037833ET3 APPLE INC 4.0 05/10/2028
05/08/2023
05/10/2023
205,000.00
204,747.49

0.00 0.00
204,754.21
2,528.33

0.00 3,211.67
683.33

6.71 0.00

6.71 690.05
690.05
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
169,908.94
179,979.32

0.00 (10,091.06)
169,889.98
164.10
820.50
154.90
811.30

1.71 0.00

1.71 813.01
813.01
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
05/10/2022
05/18/2022
65,197.43
78,034.57

0.00 (12,838.47)
65,196.39

41.75 208.75

34.88 201.88

0.28 0.00

0.28 202.16
202.16
06051GGF0 BANK OF AMERICA CORP

3.824 01/20/2028
04/10/2023
04/12/2023
1,000,000.00
978,229.22

0.00 0.00
979,207.33
4,355.11

0.00 7,541.78
3,186.67
978.11

0.00 978.11
4,164.77
4,164.77
06051GMK2 BANK OF AMERICA CORP

4.979 01/24/2029
01/28/2025
01/29/2025
450,000.00
450,682.03

0.00 0.00
450,662.07
2,302.79

0.00 4,169.91
1,867.13

0.00 (19.97)
(19.97)
1,847.16
1,847.16
06406RAB3 BANK OF NEW YORK MELLON
CORP 3.442 02/07/2028
04/26/2023
04/28/2023
1,000,000.00
980,441.56

0.00 0.00
981,297.94
2,294.67

0.00 5,163.00
2,868.33
856.37

BERKSHIRE HATHAWAY
FINANCE CORP 2.3
03/15/2027
03/07/2022
03/15/2022
1,095,000.00
1,094,915.23

0.00 0.00
1,094,918.76
11,613.08
12,592.50
1,119.33
2,098.75

3.53 0.00

3.53 2,102.28
2,102.28
14913R3A3

CATERPILLAR FINANCIAL
SERVICES CORP 3.6
08/12/2027
08/22/2022
08/24/2022
700,000.00
696,698.51

0.00 0.00
696,812.99
1,330.00

0.00 3,430.00
2,100.00
114.48

0.00 114.48
2,214.48
2,214.48
14913UAJ9

CATERPILLAR FINANCIAL
SERVICES CORP 4.85
02/27/2029
05/21/2024
05/23/2024
450,000.00
450,162.16

0.00 0.00
450,158.71
242.50

0.00 2,061.25
1,818.75

0.00 (3.45)
(3.45)
1,815.30
1,815.30
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,005,000.00
1,004,802.68

0.00 0.00
1,004,807.41
2,304.80
4,321.50
2,304.80
4,321.50

4.73 0.00

4.73 4,326.23
4,326.23
24422EXH7 JOHN DEERE CAPITAL CORP

4.5 01/16/2029
04/23/2024
04/25/2024
1,200,000.00
1,176,034.90

0.00 0.00
1,176,559.18
6,750.00

0.00 11,250.00
4,500.00
524.29

0.00 524.29
5,024.29
5,024.29
3130ATUC9 FEDERAL HOME LOAN BANKS

4.5 12/12/2025
02/08/2023
02/09/2023
1,800,000.00
1,803,743.10

0.00 0.00
1,803,337.38
17,775.00

0.00 24,525.00
6,750.00

0.00 (405.72)
(405.72)
6,344.28
6,344.28
3130AVBD3 FEDERAL HOME LOAN BANKS

4.5 03/09/2029
04/22/2024
04/23/2024
1,000,000.00
992,345.69

0.00 0.00
992,507.22
21,500.00
22,500.00
2,750.00
3,750.00
161.53

0.00 161.53
3,911.53
3,911.53
3130AWMN7 FEDERAL HOME LOAN BANKS

4.375 06/09/2028
07/26/2023
07/27/2023
1,000,000.00
1,003,025.30

0.00 0.00
1,002,946.88
9,965.28

0.00 13,611.11
3,645.83

0.00 (78.41)
(78.41)
3,567.42
3,567.42
3130AWTR1 FEDERAL HOME LOAN BANKS

4.375 09/08/2028
09/21/2023
09/22/2023
1,000,000.00
989,756.53

0.00 0.00
990,003.27
21,024.31
21,875.00
2,795.14
3,645.83
246.73

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.25
12/15/2028
12/28/2023
12/29/2023
1,000,000.00
1,012,772.86

0.00 0.00
1,012,486.97
8,972.22

0.00 12,513.89
3,541.67

0.00 (285.89)
(285.89)
3,255.78
3,255.78
3135G05X7

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 08/25/2025
08/25/2020
08/27/2020
1,700,000.00
1,699,227.95

0.00 0.00
1,699,363.17
106.25

0.00 637.50
531.25
135.22

0.00 135.22
666.47
666.47
3135G06G3

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
11/07/2025
11/09/2020
11/12/2020
1,680,000.00
1,679,171.00

0.00 0.00
1,679,273.38
2,660.00

0.00 3,360.00
700.00
102.39

0.00 102.39
802.39
802.39
3137EAEU9

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
07/21/2025
07/21/2020
07/23/2020
1,075,000.00
1,074,583.23

0.00 0.00
1,074,674.21
447.92

0.00 783.85
335.94

90.99 0.00

90.99 426.92
426.92
3137EAEX3

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025
09/23/2020
09/25/2020
1,560,000.00
1,559,469.69

0.00 0.00
1,559,549.49
2,567.50
2,925.00
130.00
487.50

79.80 0.00

79.80 567.30
567.30
3137FG6X8 FHMS K-077 A2 3.85
05/25/2028
05/24/2023
05/30/2023
1,835,000.00
1,813,321.08

0.00 0.00
1,813,901.94
5,887.29
5,887.29
5,887.29
5,887.29
580.85

0.00 580.85
6,468.14
6,468.14
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029
11/19/2024
11/22/2024
580,000.00
579,982.45

0.00 0.00
579,982.78
1,188.36
2,228.17
1,188.36
2,228.17

0.33 0.00

0.33 2,228.50
2,228.50
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026
10/13/2021
10/21/2021
24,233.21
32,440.58

0.00 (8,207.59)
24,233.05

9.19 18.38

6.87 16.05

0.07 0.00

0.07 16.12

16.12 362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027
04/05/2022
04/13/2022
98,596.99
111,339.15

0.00 (12,750.91)
98,589.58
143.82
287.65
127.35
271.18

1.34 0.00

0.00 (7,898.83)
29,377.51

19.57 39.14

15.42 34.99

0.26 0.00

0.26 35.25

35.25 437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,075,000.00
1,092,162.85

0.00 0.00
1,091,817.77
9,361.46

0.00 13,616.67
4,255.21

46.54 (391.62)
(345.08)
3,910.13
3,910.13
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026
02/15/2022
02/23/2022
91,826.52
112,789.31

0.00 (20,967.25)
91,823.14

94.25 176.71

76.73 159.19

1.08 0.00

1.08 160.28
160.28
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026
11/16/2021
11/24/2021
15,864.39
26,295.43

0.00 (10,432.11)
15,863.81

6.43 19.28

3.88 16.73

0.49 0.00

0.49 17.22

17.22 44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
600,000.00

0.00 599,911.50

0.00 599,912.55

0.00 0.00
1,368.00
1,368.00

1.05 0.00

1.05 1,369.05
1,369.05
44935FAD6 HART 2021-C A3 0.74
05/15/2026
11/09/2021
11/17/2021

0.00 4,591.61

0.00 (4,591.84)

0.00 1.51

2.83 0.00

1.32 0.24

0.00 0.24

1.56 1.56
4581X0EN4

INTER-AMERICAN
DEVELOPMENT BANK 4.125
02/15/2029
02/15/2024
02/20/2024
1,250,000.00
1,241,839.78

0.00 0.00
1,242,014.60
2,291.67

0.00 6,588.54
4,296.88
174.82

0.00 174.82
4,471.70
4,471.70
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
10/28/2024
10/29/2024
1,000,000.00
989,168.34

0.00 0.00
989,367.03
14,531.25

0.00 17,760.42
3,229.17
198.69

0.00 198.69
3,427.85
3,427.85
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/27/2025
03/28/2025
1,000,000.00

0.00 995,850.00

0.00 995,859.13

0.00 (916.67)
1,260.42
343.75

9.13 0.00

0.00 0.00
519,621.20
3,120.00

0.00 5,070.00
1,950.00

9.79 0.00

9.79 1,959.79
1,959.79
46647PAV8 JPMORGAN CHASE & CO

4.203 07/23/2029 1,300,000.00
1,274,622.53

0.00 0.00
1,275,256.96
5,767.45

0.00 10,320.70
4,553.25
634.44

0.00 634.44
5,187.69
5,187.69
47787JAC2 JDOT 2022 A3 2.32
09/15/2026
03/10/2022
03/16/2022
58,618.27
65,441.45

0.00 (6,827.83)
58,614.34

67.48 126.53

60.44 119.49

0.72 0.00

0.72 120.20
120.20
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
8,447.80
19,957.26

0.00 (11,509.81)
8,447.66

4.61 8.65

1.95 5.99

0.21 0.00

0.21 6.20

6.20 47800AAC4 JDOT 2022-B A3 3.74
02/16/2027
07/12/2022
07/20/2022
179,609.61
197,353.49

0.00 (17,751.71)
179,602.79
328.06
615.11
298.55
585.60

1.01 0.00

1.01 586.62
586.62
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
475,000.00

0.00 474,970.12

0.00 474,970.50

0.00 0.00
1,285.14
1,285.14

0.38 0.00

0.38 1,285.52
1,285.52
571748CA8

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
03/17/2025
03/18/2025
1,245,000.00

0.00 1,240,069.80

0.00 1,240,107.66

0.00 (482.44)
2,573.00
2,090.56

37.86 0.00

37.86 2,128.42
2,128.42
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027
11/15/2022
11/22/2022
499,492.25
542,167.19

0.00 (42,730.21)
499,443.10
1,255.55
2,354.15
1,156.60
2,255.21

6.11 0.00

6.11 2,261.32
2,261.32
61747YFD2 MORGAN STANLEY 5.164
04/20/2029
05/30/2024
05/31/2024
1,200,000.00
1,190,586.66

0.00 0.00
1,190,841.30
22,549.47

0.00 27,713.47
5,164.00
254.64

0.00 0.00
1,198,500.08
4,753.33

0.00 9,353.33
4,600.00

33.19 0.00

33.19 4,633.19
4,633.19
74340XBN0 PROLOGIS LP 2.125
04/15/2027
11/09/2022
11/14/2022
1,000,000.00
942,963.27

0.00 0.00
945,244.74
8,027.78

0.00 9,798.61
1,770.83
2,281.47

0.00 2,281.47
4,052.30
4,052.30
74456QBU9 PUBLIC SERVICE ELECTRIC
AND GAS CO 3.7 05/01/2028
09/06/2023
09/08/2023
1,250,000.00
1,201,243.39

0.00 0.00
1,202,549.75
15,416.67

0.00 19,270.83
3,854.17
1,306.36

0.00 1,306.36
5,160.52
5,160.52
756109AU8 REALTY INCOME CORP 3.65
01/15/2028
04/24/2023
04/26/2023
1,000,000.00
972,894.78

0.00 0.00
973,695.03
4,663.89

0.00 7,705.56
3,041.67
800.25

0.00 800.25
3,841.92
3,841.92
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028
09/07/2023
09/11/2023
1,000,000.00
990,223.39

0.00 0.00
990,466.05
4,333.33

0.00 8,666.67
4,333.33
242.65

0.00 242.65
4,575.99
4,575.99
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 1,000,000.00
994,121.12

0.00 0.00
994,370.09
12,113.89
12,250.00
1,905.56
2,041.67
248.97

0.00 248.97
2,290.64
2,290.64
857449AE2 STATE STREET BANK AND
TRUST CO 4.782 11/23/2029
01/15/2025
01/16/2025
1,250,000.00
1,242,076.75

0.00 0.00
1,242,218.89
15,940.00

0.00 20,921.25
4,981.25
142.14

0.00 142.14
5,123.39
5,123.39
87612EBM7 TARGET CORP 1.95
01/15/2027
01/19/2022
01/24/2022
545,000.00
544,650.72

0.00 0.00
544,666.52
1,357.96

0.00 2,243.58
885.63

15.81 0.00

15.81 901.43
901.43
89115A2M3 TORONTO-DOMINION BANK

5.156 01/10/2028
06/28/2023
06/30/2023
1,100,000.00
1,096,805.02

0.00 0.00
1,096,899.79
8,034.77

0.00 12,761.10
4,726.33

94.78 0.00

0.00 0.00
809,913.53
1,847.81

0.00 2,607.19
759.38

6.05 0.00

6.05 765.43
765.43
89236TMF9 TOYOTA MOTOR CREDIT
CORP 5.05 05/16/2029
05/21/2024
05/23/2024
500,000.00
500,823.85

0.00 0.00
500,807.23
7,364.58

0.00 9,468.75
2,104.17

0.00 (16.62)
(16.62)
2,087.55
2,087.55
89238FAD5 TAOT 2022-B A3 2.93
09/15/2026
04/07/2022
04/13/2022
91,050.01
105,152.92

0.00 (14,103.58)
91,049.46
136.93
256.75
118.57
238.38

0.12 0.00

0.12 238.51
238.51
91159HJM3 US BANCORP 5.775
06/12/2029
06/20/2024
06/21/2024
1,100,000.00
1,116,440.83

0.00 0.00
1,116,015.76
13,940.21

0.00 19,233.96
5,293.75

0.00 (425.08)
(425.08)
4,868.67
4,868.67
912797NM5 UNITED STATES TREASURY
05/22/2025
02/20/2025
02/20/2025
10,000,000.00
9,904,064.56

0.00 0.00
9,940,332.84

0.00 0.00

0.00 0.00
36,268.28

0.00 36,268.28
36,268.28
36,268.28
912797PG6 UNITED STATES TREASURY
07/31/2025 10,000,000.00
9,823,355.95

0.00 0.00
9,859,382.04

0.00 0.00

0.00 0.00
36,026.09

0.00 36,026.09
36,026.09
36,026.09
912797PP6 UNITED STATES TREASURY
08/21/2025
02/20/2025
02/20/2025
15,000,000.00
14,696,377.79

0.00 0.00
14,750,784.09

0.00 0.00

0.00 0.00
54,406.29

0.00 54,406.29
54,406.29
54,406.29
9128283W8 UNITED STATES TREASURY

2.75 02/15/2028
03/08/2023
03/09/2023
1,250,000.00
1,196,719.39

0.00 0.00
1,198,247.33
1,329.42

0.00 4,273.14
2,943.72
1,527.94

0.00 1,527.94
4,471.65
4,471.65
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
11/17/2023
11/20/2023
1,000,000.00
955,059.15

0.00 0.00
956,087.32
9,150.55

0.00 11,826.66
2,676.11
1,028.17

2.25 02/15/2027
02/06/2023
02/07/2023
1,250,000.00
1,212,516.35

0.00 0.00
1,214,139.25
1,087.71

0.00 3,496.20
2,408.49
1,622.90

0.00 1,622.90
4,031.39
4,031.39
912828Z78 UNITED STATES TREASURY 1.5
01/31/2027
03/30/2022
03/31/2022
500,000.00
491,399.28

0.00 0.00
491,779.63
600.83

0.00 1,243.09
642.27
380.35

0.00 380.35
1,022.61
1,022.61
91282CAZ4 UNITED STATES TREASURY

0.375 11/30/2025
12/28/2020
12/29/2020

0.00 1,199,949.97

0.00 (1,199,951.80)

0.00 1,125.00
1,248.63

0.00 123.63

1.83 0.00

1.83 125.46
125.46
91282CBC4 UNITED STATES TREASURY

0.375 12/31/2025
01/27/2021
01/28/2021

0.00 1,749,721.70

0.00 (1,749,745.42)

0.00 1,087.71
1,559.05

0.00 471.34

23.72 0.00

23.72 495.07
495.07
91282CBT7 UNITED STATES TREASURY

0.75 03/31/2026
03/30/2021
03/31/2021
1,500,000.00
1,497,401.63

0.00 0.00
1,497,605.55
4,697.80
5,625.00

30.74 957.94
203.92

0.00 203.92
1,161.86
1,161.86
91282CBW0 UNITED STATES TREASURY

0.75 04/30/2026
04/29/2021
04/30/2021
1,000,000.00
998,463.49

0.00 0.00
998,575.57
2,506.91

0.00 3,149.17
642.27
112.07

0.00 112.07
754.34
754.34
91282CCP4 UNITED STATES TREASURY

0.625 07/31/2026
08/10/2021
08/11/2021
1,000,000.00
997,296.17

0.00 0.00
997,458.29
500.69

0.00 1,035.91
535.22
162.13

0.00 162.13
697.35
697.35
91282CCW9 UNITED STATES TREASURY

0.75 08/31/2026 2,250,000.00
2,242,785.12

0.00 0.00
2,243,193.26

45.86 0.00
1,467.39
1,421.54
408.14

0.00 408.14
1,829.68
1,829.68
91282CDG3 UNITED STATES TREASURY

1.125 10/31/2026 3,000,000.00
2,993,034.18

0.00 0.00
2,993,388.76
11,281.08

0.00 14,171.27
2,890.19
354.58

0.00 0.00
1,210,487.69
13,049.45
15,625.00

85.38 2,660.93
1,680.22

0.00 1,680.22
4,341.15
4,341.15
91282CEN7 UNITED STATES TREASURY

2.75 04/30/2027 2,500,000.00
2,475,980.24

0.00 0.00
2,476,922.79
22,979.97

0.00 28,867.40
5,887.43
942.55

0.00 942.55
6,829.98
6,829.98
91282CEW7 UNITED STATES TREASURY

3.25 06/30/2027
07/12/2022
07/13/2022
1,400,000.00
1,407,649.56

0.00 0.00
1,407,370.90
7,541.44

0.00 11,437.85
3,896.41

0.00 (278.66)
(278.66)
3,617.75
3,617.75
91282CFH9 UNITED STATES TREASURY

3.125 08/31/2027
09/08/2022
09/09/2022
1,000,000.00
994,523.79

0.00 0.00
994,709.73

84.92 0.00
2,717.39
2,632.47
185.94

0.00 185.94
2,818.41
2,818.41
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
09/27/2024
09/30/2024
1,500,000.00
1,473,879.84

0.00 0.00
1,474,372.38
127.38

0.00 4,076.09
3,948.71
492.53

0.00 492.53
4,441.24
4,441.24
91282CFK2 UNITED STATES TREASURY 3.5
09/15/2025
02/20/2025
02/21/2025
12,500,000.00
12,445,089.69

0.00 0.00
12,453,686.76
201,830.11
218,750.00
20,210.60
37,130.49
8,597.07

0.00 8,597.07
45,727.56
45,727.56
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027
10/28/2022
10/31/2022
1,000,000.00
998,358.29

0.00 0.00
998,412.26
17,225.27
20,625.00
112.70
3,512.43

53.97 0.00

53.97 3,566.40
3,566.40
91282CFU0 UNITED STATES TREASURY

4.125 10/31/2027
12/20/2022
12/21/2022
1,100,000.00
1,107,545.07

0.00 0.00
1,107,304.93
15,166.78

0.00 19,052.49
3,885.70

0.00 (240.14)
(240.14)
3,645.56
3,645.56
91282CGC9 UNITED STATES TREASURY

3.875 12/31/2027
01/26/2023
01/27/2023
1,250,000.00
1,258,258.98

0.00 0.00
1,258,011.61
8,028.31

0.00 12,176.28
4,147.96

3.625 03/31/2028
06/29/2023
06/30/2023
1,750,000.00
1,723,041.83

0.00 0.00
1,723,784.02
26,490.38
31,718.75
173.33
5,401.69
742.19

0.00 742.19
6,143.88
6,143.88
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 2,180,000.00
2,176,994.94

0.00 0.00
2,177,075.53
25,503.59

0.00 32,037.57
6,533.98
112.68
(32.10)

80.59 6,614.56
6,614.56
91282CHQ7 UNITED STATES TREASURY

4.125 07/31/2028
09/28/2023
09/29/2023
1,000,000.00
983,225.81

0.00 0.00
983,642.47
3,304.56

0.00 6,837.02
3,532.46
416.67

0.00 416.67
3,949.13
3,949.13
91282CHX2 UNITED STATES TREASURY

4.375 08/31/2028
09/25/2023
09/26/2023
1,500,000.00
1,489,805.30

0.00 0.00
1,490,052.40
178.33

0.00 5,706.52
5,528.19
247.10

0.00 247.10
5,775.29
5,775.29
91282CJA0 UNITED STATES TREASURY

4.625 09/30/2028 1,850,000.00
1,832,424.46

0.00 0.00
1,832,840.69
35,729.40
42,781.25
233.78
7,285.63
416.23

0.00 416.23
7,701.86
7,701.86
91282CJL6 UNITED STATES TREASURY

4.875 11/30/2025
02/20/2025
02/21/2025
12,500,000.00
12,550,763.93

0.00 0.00
12,545,020.57
152,343.75

0.00 204,241.07
51,897.32

0.00 (5,743.36)
(5,743.36)
46,153.96
46,153.96
91282CJN2 UNITED STATES TREASURY

4.375 11/30/2028
12/21/2023
12/22/2023
1,500,000.00
1,527,973.40

0.00 0.00
1,527,340.43
16,406.25

0.00 21,995.19
5,588.94

0.00 (632.97)
(632.97)
4,955.97
4,955.97
91282CJR3 UNITED STATES TREASURY

3.75 12/31/2028
01/30/2024
01/31/2024
1,200,000.00
1,191,114.56

0.00 0.00
1,191,311.16
7,458.56

0.00 11,312.15
3,853.59
196.61

0.00 196.61
4,050.20
4,050.20
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029
02/26/2024
02/27/2024
1,500,000.00
1,483,451.82

0.00 0.00
1,483,810.06
4,806.63

0.00 9,944.75
5,138.12
358.24

4.25 02/28/2029
03/25/2024
03/26/2024
1,000,000.00
1,000,443.58

0.00 0.00
1,000,434.16
115.49

0.00 3,695.65
3,580.16

0.00 (9.42)
(9.42)
3,570.74
3,570.74
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
04/08/2024
04/09/2024
1,200,000.00
1,186,652.70

0.00 0.00
1,186,930.21
20,670.33
24,750.00
135.25
4,214.92
277.51

0.00 277.51
4,492.43
4,492.43
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029
05/28/2024
05/29/2024
1,000,000.00
1,002,942.60

0.00 0.00
1,002,882.62
15,459.25

0.00 19,419.89
3,960.64

0.00 (59.97)
(59.97)
3,900.66
3,900.66
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/26/2024
06/27/2024
1,250,000.00
1,257,919.33

0.00 0.00
1,257,761.15
14,062.50

0.00 18,853.02
4,790.52

0.00 (158.18)
(158.18)
4,632.34
4,632.34
91282CKX8 UNITED STATES TREASURY

4.25 06/30/2029 1,850,000.00
1,892,093.87

0.00 0.00
1,891,269.02
13,031.77

0.00 19,764.85
6,733.08

0.00 (824.85)
(824.85)
5,908.23
5,908.23
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 1,750,000.00
1,748,846.31

0.00 0.00
1,748,868.48
5,607.73

0.00 11,602.21
5,994.48

87.54 (65.36)

22.17 6,016.65
6,016.65
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029
12/17/2024
12/18/2024
1,250,000.00
1,209,668.92

0.00 0.00
1,210,415.79
18,269.23
21,875.00
119.54
3,725.30
746.87

0.00 746.87
4,472.18
4,472.18
91282CLR0 UNITED STATES TREASURY

4.125 10/31/2029
11/19/2024
11/20/2024
1,250,000.00
1,244,237.82

0.00 0.00
1,244,342.58
17,234.98

0.00 21,650.55
4,415.57
104.77

0.00 104.77
4,520.34
4,520.34
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029 1,700,000.00
1,702,768.70

0.00 0.00
1,702,719.23
17,531.25

0.00 23,503.43
5,972.18

4.375 12/31/2029 1,250,000.00
1,249,670.80

0.00 0.00
1,249,676.58
9,064.23

0.00 13,747.41
4,683.18

7.29 (1.52)

5.78 4,688.96
4,688.96
91324PEC2 UNITEDHEALTH GROUP INC

1.15 05/15/2026 0.00
1,241,277.86

0.00 (1,241,421.15)

0.00 4,215.71
4,891.81

0.00 676.10
150.92
(7.63)
143.29
819.39
819.39
927804GH1 VIRGINIA ELECTRIC AND
POWER CO 3.75 05/15/2027
05/16/2022
05/31/2022
250,000.00
249,653.09

0.00 0.00
249,666.45
2,760.42

0.00 3,541.67
781.25

13.36 0.00

13.36 794.61
794.61
931142ER0 WALMART INC 1.05
09/17/2026
09/08/2021
09/17/2021
240,000.00
239,859.65

0.00 0.00
239,867.35
1,148.00
1,260.00

98.00 210.00

7.70 0.00

7.70 217.70
217.70
931142EX7 WALMART INC 3.95
09/09/2027 09/09/2022
500,000.00
499,679.98

0.00 0.00
499,690.74
9,436.11
9,875.00
1,206.94
1,645.83

10.76 0.00

10.76 1,656.59
1,656.59
Total Fixed Income 157,972,223.68
157,845,437.69
3,310,801.42
(4,371,819.57)
156,933,470.60
1,044,569.56
492,594.14
919,209.56
367,234.14
159,030.56
(9,979.50)
149,051.06
516,285.20 516,285.20
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 55,332,454.23
55,332,454.23

0.00 0.00
55,332,454.23

0.00 0.00

0.00 Total LAIF 55,332,454.23
55,332,454.23

0.00 0.00
55,332,454.23

0.00 0.00

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
TOTAL PORTFOLIO 278,110,207.25
278,731,069.10
36,419,045.12
(38,626,899.46)
276,928,375.34
1,044,569.56
668,486.89
919,209.56
543,126.89
227,205.18
(9,979.50)
217,225.68
760,352.57 760,352.57
CONFIDENTIAL | 32
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount APRIL 2025
04/01/2025 Dividend 94975H312 0.00 3,313.48 3,313.48
04/01/2025 Dividend 94975H312 0.00 13,997.03 13,997.03
04/14/2025 Coupon 023135CF1 750,000.00 AMAZON.COM INC 3.3 04/13/2027 12,375.00 12,375.00 04/15/2025 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 3.39 05/17/2027 2,373.00 2,373.00 04/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 04/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 04/15/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D A3 4.61 08/15/2029 2,228.17 2,228.17 04/15/2025 Coupon 43815BAC4 91,826.52 HAROT 2022-1 A3 1.88 05/15/2026 143.86 143.86 04/15/2025 Principal Paydown 43815BAC4 91,826.52 HAROT 2022-1 A3 1.88 05/15/2026 19,825.90 19,825.90 04/15/2025 Coupon 44935CAD3 600,000.00 HART 2025-A A3 4.32 10/15/2029 2,634.50 2,634.50 04/15/2025 Coupon 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 115.65 115.65 04/15/2025 Principal Paydown 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 10,468.78 10,468.78 04/15/2025 Coupon 47789QAC4 8,447.80 JDOT 2021-B A3 0.52 03/16/2026 4.33 4.33 04/15/2025 Effective Maturity 47789QAC4 8,447.80 JDOT 2021-B A3 0.52 03/16/2026 9,999.70 9,999.70 04/15/2025 Coupon 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 559.78 559.78 04/15/2025 Principal Paydown 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 23,969.58 23,969.58 04/15/2025 Coupon 47800DAD6 475,000.00 JDOT 2025 A3 4.23 09/17/2029 1,897.63 1,897.63 04/15/2025 Coupon 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 2,208.79 2,208.79 04/15/2025 Principal Paydown 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 40,986.93 40,986.93 04/15/2025 Coupon 74340XBN0 1,000,000.00 PROLOGIS LP 2.125 04/15/2027 10,625.00 10,625.00 04/15/2025 Coupon 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 225.10 225.10 04/15/2025 Principal Paydown 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 14,192.02 14,192.02 04/15/2025 Dividend 90LAIF$00 55,332,454.23 Local Agency Investment Fund State Pool 600,970.92 600,970.92 04/16/2025 Coupon 362554AC1 24,233.21 GMCAR 2021-4 A3 0.68 09/16/2026 17.90 17.90 04/16/2025 Principal Paydown 362554AC1 24,233.21 GMCAR 2021-4 A3 0.68 09/16/2026 7,639.65 7,639.65 04/16/2025 Coupon 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 258.50 258.50 04/16/2025 Principal Paydown 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 12,562.86 12,562.86 04/16/2025 Coupon 380146AC4 29,378.28 GMCAR 2022-1 A3 1.26 11/16/2026 32.12 32.12 04/16/2025 Principal Paydown 380146AC4 29,378.28 GMCAR 2022-1 A3 1.26 11/16/2026 7,499.99 7,499.99 04/16/2025 Coupon 459058LN1 1,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 19,375.00 19,375.00
CONFIDENTIAL | 33
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/21/2025 Coupon 43815GAC3 15,864.39 HAROT 2021-4 A3 0.88 01/21/2026 11.63 11.63 04/21/2025 Principal Paydown 43815GAC3 15,864.39 HAROT 2021-4 A3 0.88 01/21/2026 9,848.00 9,848.00 04/21/2025 Coupon 61747YFD2 1,200,000.00 MORGAN STANLEY 5.164 04/20/2029 30,984.00 30,984.00 04/24/2025 Final Maturity 912797NC7 10,000,000.00 UNITED STATES TREASURY 04/24/2025 10,000,000.00 10,000,000.00 04/25/2025 Coupon 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 774.50 774.50 04/25/2025 Principal Paydown 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 10,962.99 10,962.99 04/25/2025 Coupon 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 177.20 177.20 04/25/2025 Principal Paydown 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 12,050.28 12,050.28 04/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 04/30/2025 Coupon 91282CBW0 1,000,000.00 UNITED STATES TREASURY 0.75 04/30/2026 3,750.00 3,750.00 04/30/2025 Coupon 91282CDG3 3,000,000.00 UNITED STATES TREASURY 1.125 10/31/2026 16,875.00 16,875.00 04/30/2025 Coupon 91282CEN7 2,500,000.00 UNITED STATES TREASURY 2.75 04/30/2027 34,375.00 34,375.00 04/30/2025 Coupon 91282CFU0 1,100,000.00 UNITED STATES TREASURY 4.125 10/31/2027 22,687.50 22,687.50 04/30/2025 Coupon 91282CHA2 2,180,000.00 UNITED STATES TREASURY 3.5 04/30/2028 38,150.00 38,150.00 04/30/2025 Coupon 91282CKP5 1,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 23,125.00 23,125.00 04/30/2025 Coupon 91282CLR0 1,250,000.00 UNITED STATES TREASURY 4.125 10/31/2029 25,781.25 25,781.25 April 2025 Total 10,798,288.10 263,496.08 11,061,784.18 MAY 2025
05/01/2025 Coupon 74456QBU9 1,250,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 23,125.00 23,125.00
05/07/2025 Coupon 3135G06G3 1,680,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 11/07/2025 4,200.00 4,200.00
05/12/2025 Coupon 037833ET3 205,000.00 APPLE INC 4.0 05/10/2028 4,100.00 4,100.00 05/15/2025 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 3.39 05/17/2027 2,373.00 2,373.00 05/15/2025 Final Maturity 02582JJT8 840,000.00 AMXCA 2022-2 A 3.39 05/17/2027 840,000.00 840,000.00 05/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 05/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 05/15/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D A3 4.61 08/15/2029 2,228.17 2,228.17 05/15/2025 Coupon 43815BAC4 91,826.52 HAROT 2022-1 A3 1.88 05/15/2026 112.80 112.80 05/15/2025 Principal Paydown 43815BAC4 91,826.52 HAROT 2022-1 A3 1.88 05/15/2026 19,108.39 19,108.39 05/15/2025 Coupon 44935CAD3 600,000.00 HART 2025-A A3 4.32 10/15/2029 2,395.00 2,395.00 05/15/2025 Coupon 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 95.41 95.41 CONFIDENTIAL | 34
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2025 Principal Paydown 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 9,662.43 9,662.43 05/15/2025 Coupon 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 485.08 485.08 05/15/2025 Principal Paydown 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 21,283.08 21,283.08 05/15/2025 Coupon 47800DAD6 475,000.00 JDOT 2025 A3 4.23 09/17/2029 1,674.38 1,674.38 05/15/2025 Coupon 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 2,030.83 2,030.83 05/15/2025 Principal Paydown 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 39,334.28 39,334.28 05/15/2025 Coupon 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 190.44 190.44 05/15/2025 Principal Paydown 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 13,713.83 13,713.83 05/15/2025 Coupon 9128285M8 1,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 15,625.00 15,625.00 05/15/2025 Coupon 927804GH1 250,000.00 VIRGINIA ELECTRIC AND POWER CO 3.75 05/15/2027 4,687.50 4,687.50
05/16/2025 Coupon 362554AC1 24,233.21 GMCAR 2021-4 A3 0.68 09/16/2026 13.57 13.57 05/16/2025 Principal Paydown 362554AC1 24,233.21 GMCAR 2021-4 A3 0.68 09/16/2026 7,388.44 7,388.44 05/16/2025 Coupon 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 226.05 226.05 05/16/2025 Principal Paydown 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 12,022.89 12,022.89 05/16/2025 Coupon 380146AC4 29,378.28 GMCAR 2022-1 A3 1.26 11/16/2026 24.24 24.24 05/16/2025 Principal Paydown 380146AC4 29,378.28 GMCAR 2022-1 A3 1.26 11/16/2026 6,938.93 6,938.93 05/16/2025 Coupon 89236TMF9 500,000.00 TOYOTA MOTOR CREDIT CORP 5.05 05/16/2029 12,625.00 12,625.00 05/21/2025 Coupon 43815GAC3 15,864.39 HAROT 2021-4 A3 0.88 01/21/2026 4.41 4.41 05/21/2025 Effective Maturity 43815GAC3 15,864.39 HAROT 2021-4 A3 0.88 01/21/2026 6,016.39 6,016.39 05/22/2025 Final Maturity 912797NM5 10,000,000.00 UNITED STATES TREASURY 05/22/2025 10,000,000.00 10,000,000.00 05/23/2025 Coupon 857449AE2 1,250,000.00 STATE STREET BANK AND TRUST CO 4.782 11/23/2029 29,555.42 29,555.42
05/26/2025 Coupon 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 724.53 724.53 05/26/2025 Principal Paydown 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 10,426.16 10,426.16 05/26/2025 Coupon 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 144.97 144.97 05/26/2025 Principal Paydown 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 11,574.12 11,574.12 05/26/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 May 2025 Total 10,997,468.93 118,371.47 11,115,840.39
JUNE 2025
06/02/2025 Coupon 91282CJL6 12,500,000.00 UNITED STATES TREASURY 4.875 11/30/2025 304,687.50 304,687.50 06/02/2025 Coupon 91282CJN2 1,500,000.00 UNITED STATES TREASURY 4.375 11/30/2028 32,812.50 32,812.50 CONFIDENTIAL | 35
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/02/2025 Coupon 91282CKT7 1,250,000.00 UNITED STATES TREASURY 4.5 05/31/2029 28,125.00 28,125.00 06/02/2025 Coupon 91282CMA6 1,700,000.00 UNITED STATES TREASURY 4.125 11/30/2029 35,062.50 35,062.50 06/09/2025 Coupon 3130AWMN7 1,000,000.00 FEDERAL HOME LOAN BANKS 4.375 06/09/2028 21,875.00 21,875.00
06/12/2025 Coupon 3130ATUC9 1,800,000.00 FEDERAL HOME LOAN BANKS 4.5 12/12/2025 40,500.00 40,500.00 06/12/2025 Coupon 91159HJM3 1,100,000.00 US BANCORP 5.775 06/12/2029 31,762.50 31,762.50 06/16/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 06/16/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 06/16/2025 Coupon 3133EPN50 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.25 12/15/2028 21,250.00 21,250.00
06/16/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D A3 4.61 08/15/2029 2,228.17 2,228.17 06/16/2025 Coupon 362554AC1 24,233.21 GMCAR 2021-4 A3 0.68 09/16/2026 9.38 9.38 06/16/2025 Principal Paydown 362554AC1 24,233.21 GMCAR 2021-4 A3 0.68 09/16/2026 7,066.33 7,066.33 06/16/2025 Coupon 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 194.99 194.99 06/16/2025 Principal Paydown 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 11,780.19 11,780.19 06/16/2025 Coupon 380146AC4 29,378.28 GMCAR 2022-1 A3 1.26 11/16/2026 16.96 16.96 06/16/2025 Principal Paydown 380146AC4 29,378.28 GMCAR 2022-1 A3 1.26 11/16/2026 6,789.60 6,789.60 06/16/2025 Coupon 43815BAC4 91,826.52 HAROT 2022-1 A3 1.88 05/15/2026 82.86 82.86 06/16/2025 Principal Paydown 43815BAC4 91,826.52 HAROT 2022-1 A3 1.88 05/15/2026 18,653.69 18,653.69 06/16/2025 Coupon 44935CAD3 600,000.00 HART 2025-A A3 4.32 10/15/2029 2,395.00 2,395.00 06/16/2025 Coupon 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 76.73 76.73 06/16/2025 Principal Paydown 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 7,818.88 7,818.88 06/16/2025 Coupon 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 418.75 418.75 06/16/2025 Principal Paydown 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 13,533.66 13,533.66 06/16/2025 Coupon 47800DAD6 475,000.00 JDOT 2025 A3 4.23 09/17/2029 1,674.38 1,674.38 06/16/2025 Coupon 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 1,860.06 1,860.06 06/16/2025 Principal Paydown 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 34,904.26 34,904.26 06/16/2025 Coupon 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 156.96 156.96 06/16/2025 Principal Paydown 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 13,452.68 13,452.68 06/18/2025 Coupon 89236TJK2 810,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 4,556.25 4,556.25
06/20/2025 Final Maturity 912797NV5 12,500,000.00 UNITED STATES TREASURY 06/20/2025 12,500,000.00 12,500,000.00 CONFIDENTIAL | 36
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/25/2025 Coupon 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 677.00 677.00 06/25/2025 Principal Paydown 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 10,228.04 10,228.04 06/25/2025 Coupon 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 114.01 114.01 06/25/2025 Principal Paydown 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 11,281.82 11,281.82 06/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 06/25/2025 Coupon 437076DC3 1,075,000.00 HOME DEPOT INC 4.75 06/25/2029 25,531.25 25,531.25 06/30/2025 Coupon 91282CEW7 1,400,000.00 UNITED STATES TREASURY 3.25 06/30/2027 22,750.00 22,750.00 06/30/2025 Coupon 91282CGC9 1,250,000.00 UNITED STATES TREASURY 3.875 12/31/2027 24,218.75 24,218.75 06/30/2025 Coupon 91282CJR3 1,200,000.00 UNITED STATES TREASURY 3.75 12/31/2028 22,500.00 22,500.00 06/30/2025 Coupon 91282CKX8 1,850,000.00 UNITED STATES TREASURY 4.25 06/30/2029 39,312.50 39,312.50 06/30/2025 Coupon 91282CMD0 1,250,000.00 UNITED STATES TREASURY 4.375 12/31/2029 27,343.75 27,343.75 June 2025 Total 12,635,509.14 703,923.41 13,339,432.55
JULY 2025
07/07/2025 Coupon 02665WEM9 1,200,000.00 AMERICAN HONDA FINANCE CORP 5.125 07/07/2028 30,750.00 30,750.00
07/10/2025 Coupon 89115A2M3 1,100,000.00 TORONTO-DOMINION BANK 5.156 01/10/2028 28,358.00 28,358.00 07/14/2025 Coupon 45950KDD9 520,000.00 INTERNATIONAL FINANCE CORP 4.5 07/13/2028 11,700.00 11,700.00
07/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 07/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 07/15/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D A3 4.61 08/15/2029 2,228.17 2,228.17 07/15/2025 Coupon 43815BAC4 91,826.52 HAROT 2022-1 A3 1.88 05/15/2026 53.64 53.64 07/15/2025 Principal Paydown 43815BAC4 91,826.52 HAROT 2022-1 A3 1.88 05/15/2026 18,183.48 18,183.48 07/15/2025 Coupon 44935CAD3 600,000.00 HART 2025-A A3 4.32 10/15/2029 2,395.00 2,395.00 07/15/2025 Coupon 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 61.61 61.61 07/15/2025 Principal Paydown 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 9,259.20 9,259.20 07/15/2025 Coupon 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 376.57 376.57 07/15/2025 Principal Paydown 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 11,445.94 11,445.94 07/15/2025 Coupon 47800DAD6 475,000.00 JDOT 2025 A3 4.23 09/17/2029 1,674.38 1,674.38 07/15/2025 Coupon 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 1,708.52 1,708.52 07/15/2025 Principal Paydown 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 33,950.33 33,950.33 07/15/2025 Coupon 756109AU8 1,000,000.00 REALTY INCOME CORP 3.65 01/15/2028 18,250.00 18,250.00 CONFIDENTIAL | 37
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2025 Coupon 87612EBM7 545,000.00 TARGET CORP 1.95 01/15/2027 5,313.75 5,313.75 07/15/2025 Coupon 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 124.11 124.11 07/15/2025 Principal Paydown 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 12,490.29 12,490.29 07/16/2025 Coupon 24422EXH7 1,200,000.00 JOHN DEERE CAPITAL CORP 4.5 01/16/2029 27,000.00 27,000.00 07/16/2025 Coupon 362554AC1 24,233.21 GMCAR 2021-4 A3 0.68 09/16/2026 5.38 5.38 07/16/2025 Principal Paydown 362554AC1 24,233.21 GMCAR 2021-4 A3 0.68 09/16/2026 6,788.61 6,788.61 07/16/2025 Coupon 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 164.56 164.56 07/16/2025 Principal Paydown 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 11,500.92 11,500.92 07/16/2025 Coupon 380146AC4 29,378.28 GMCAR 2022-1 A3 1.26 11/16/2026 9.83 9.83 07/16/2025 Principal Paydown 380146AC4 29,378.28 GMCAR 2022-1 A3 1.26 11/16/2026 6,639.85 6,639.85 07/21/2025 Coupon 06051GGF0 1,000,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 19,120.00 19,120.00 07/21/2025 Coupon 3137EAEU9 1,075,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 07/21/2025 2,015.63 2,015.63
07/21/2025 Final Maturity 3137EAEU9 1,075,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 07/21/2025 1,075,000.00 1,075,000.00
07/23/2025 Coupon 46647PAV8 1,300,000.00 JPMORGAN CHASE & CO 4.203 07/23/2029 27,319.50 27,319.50 07/24/2025 Coupon 06051GMK2 450,000.00 BANK OF AMERICA CORP 4.979 01/24/2029 11,202.75 11,202.75 07/25/2025 Coupon 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 630.38 630.38 07/25/2025 Principal Paydown 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 10,021.64 10,021.64 07/25/2025 Coupon 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 83.83 83.83 07/25/2025 Principal Paydown 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 10,977.53 10,977.53 07/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 07/31/2025 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 07/31/2025 Final Maturity 912797PG6 10,000,000.00 UNITED STATES TREASURY 07/31/2025 10,000,000.00 10,000,000.00 07/31/2025 Coupon 912828Z78 500,000.00 UNITED STATES TREASURY 1.5 01/31/2027 3,750.00 3,750.00 07/31/2025 Coupon 91282CCP4 1,000,000.00 UNITED STATES TREASURY 0.625 07/31/2026 3,125.00 3,125.00 07/31/2025 Coupon 91282CHQ7 1,000,000.00 UNITED STATES TREASURY 4.125 07/31/2028 20,625.00 20,625.00 07/31/2025 Coupon 91282CJW2 1,500,000.00 UNITED STATES TREASURY 4.0 01/31/2029 30,000.00 30,000.00 07/31/2025 Coupon 91282CLC3 1,750,000.00 UNITED STATES TREASURY 4.0 07/31/2029 35,000.00 35,000.00 July 2025 Total 11,206,257.79 322,376.26 11,528,634.04
AUGUST 2025
08/01/2025 Coupon 78016HZS2 1,000,000.00 ROYAL BANK OF CANADA 5.2 08/01/2028 26,000.00 26,000.00 CONFIDENTIAL | 38
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/07/2025 Coupon 06406RAB3 1,000,000.00 BANK OF NEW YORK MELLON CORP 3.442 02/07/2028 17,210.00 17,210.00
08/12/2025 Coupon 14913R3A3 700,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.6 08/12/2027 12,600.00 12,600.00
08/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 08/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 08/15/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D A3 4.61 08/15/2029 2,228.17 2,228.17 08/15/2025 Coupon 43815BAC4 91,826.52 HAROT 2022-1 A3 1.88 05/15/2026 25.15 25.15 08/15/2025 Effective Maturity 43815BAC4 91,826.52 HAROT 2022-1 A3 1.88 05/15/2026 16,055.07 16,055.07 08/15/2025 Coupon 44935CAD3 600,000.00 HART 2025-A A3 4.32 10/15/2029 2,395.00 2,395.00 08/15/2025 Coupon 4581X0EN4 1,250,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.125 02/15/2029 25,781.25 25,781.25
08/15/2025 Coupon 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 43.71 43.71 08/15/2025 Principal Paydown 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 8,389.29 8,389.29 08/15/2025 Coupon 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 340.89 340.89 08/15/2025 Principal Paydown 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 10,740.72 10,740.72 08/15/2025 Coupon 47800DAD6 475,000.00 JDOT 2025 A3 4.23 09/17/2029 1,674.38 1,674.38 08/15/2025 Coupon 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 1,561.11 1,561.11 08/15/2025 Principal Paydown 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 32,996.77 32,996.77 08/15/2025 Coupon 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 93.62 93.62 08/15/2025 Principal Paydown 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 12,067.93 12,067.93 08/15/2025 Coupon 9128283W8 1,250,000.00 UNITED STATES TREASURY 2.75 02/15/2028 17,187.50 17,187.50 08/15/2025 Coupon 912828V98 1,250,000.00 UNITED STATES TREASURY 2.25 02/15/2027 14,062.50 14,062.50 08/18/2025 Coupon 362554AC1 24,233.21 GMCAR 2021-4 A3 0.68 09/16/2026 1.53 1.53 08/18/2025 Effective Maturity 362554AC1 24,233.21 GMCAR 2021-4 A3 0.68 09/16/2026 2,705.58 2,705.58 08/18/2025 Coupon 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 134.85 134.85 08/18/2025 Principal Paydown 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 10,773.81 10,773.81 08/18/2025 Coupon 380146AC4 29,378.28 GMCAR 2022-1 A3 1.26 11/16/2026 2.86 2.86 08/18/2025 Effective Maturity 380146AC4 29,378.28 GMCAR 2022-1 A3 1.26 11/16/2026 2,721.02 2,721.02 08/21/2025 Final Maturity 912797PP6 15,000,000.00 UNITED STATES TREASURY 08/21/2025 15,000,000.00 15,000,000.00 08/25/2025 Coupon 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 584.70 584.70 08/25/2025 Principal Paydown 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 9,721.76 9,721.76 CONFIDENTIAL | 39
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/25/2025 Coupon 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 54.46 54.46 08/25/2025 Principal Paydown 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 10,613.86 10,613.86 08/25/2025 Coupon 3135G05X7 1,700,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 08/25/2025 3,187.50 3,187.50
08/25/2025 Final Maturity 3135G05X7 1,700,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 08/25/2025 1,700,000.00 1,700,000.00
08/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 08/27/2025 Coupon 14913UAJ9 450,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.85 02/27/2029 10,912.50 10,912.50
August 2025 Total 16,816,785.80 147,812.35 16,964,598.14 SEPTEMBER 2025
09/02/2025 Coupon 91282CCW9 2,250,000.00 UNITED STATES TREASURY 0.75 08/31/2026 8,437.50 8,437.50 09/02/2025 Coupon 91282CFH9 1,000,000.00 UNITED STATES TREASURY 3.125 08/31/2027 15,625.00 15,625.00 09/02/2025 Coupon 91282CFJ5 1,500,000.00 UNITED STATES TREASURY 3.125 08/31/2029 23,437.50 23,437.50 09/02/2025 Coupon 91282CHX2 1,500,000.00 UNITED STATES TREASURY 4.375 08/31/2028 32,812.50 32,812.50 09/02/2025 Coupon 91282CKD2 1,000,000.00 UNITED STATES TREASURY 4.25 02/28/2029 21,250.00 21,250.00 09/03/2025 Coupon 808513BY0 1,000,000.00 CHARLES SCHWAB CORP 2.45 03/03/2027 12,250.00 12,250.00 09/08/2025 Coupon 3130AWTR1 1,000,000.00 FEDERAL HOME LOAN BANKS 4.375 09/08/2028 21,875.00 21,875.00
09/09/2025 Coupon 3130AVBD3 1,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/09/2029 22,500.00 22,500.00 09/09/2025 Coupon 931142EX7 500,000.00 WALMART INC 3.95 09/09/2027 9,875.00 9,875.00 09/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 09/15/2025 Coupon 084664CZ2 1,095,000.00 BERKSHIRE HATHAWAY FINANCE CORP 2.3 03/15/2027 12,592.50 12,592.50
09/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 09/15/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D A3 4.61 08/15/2029 2,228.17 2,228.17 09/15/2025 Coupon 44935CAD3 600,000.00 HART 2025-A A3 4.32 10/15/2029 2,395.00 2,395.00 09/15/2025 Coupon 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 27.49 27.49 09/15/2025 Principal Paydown 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 8,171.02 8,171.02 09/15/2025 Coupon 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 307.42 307.42 09/15/2025 Principal Paydown 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 11,187.90 11,187.90 09/15/2025 Coupon 47800DAD6 475,000.00 JDOT 2025 A3 4.23 09/17/2029 1,674.38 1,674.38 CONFIDENTIAL | 40
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2025 Coupon 571748CA8 1,245,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 28,946.25 28,946.25
09/15/2025 Coupon 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 1,417.85 1,417.85 09/15/2025 Principal Paydown 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 32,360.33 32,360.33 09/15/2025 Coupon 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 64.15 64.15 09/15/2025 Principal Paydown 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 11,831.94 11,831.94 09/15/2025 Coupon 91282CFK2 12,500,000.00 UNITED STATES TREASURY 3.5 09/15/2025 218,750.00 218,750.00 09/15/2025 Final Maturity 91282CFK2 12,500,000.00 UNITED STATES TREASURY 3.5 09/15/2025 12,500,000.00 12,500,000.00 09/16/2025 Coupon 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 107.01 107.01 09/16/2025 Principal Paydown 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 10,322.15 10,322.15 09/17/2025 Coupon 931142ER0 240,000.00 WALMART INC 1.05 09/17/2026 1,260.00 1,260.00 09/22/2025 Coupon 459058LR2 1,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 20,625.00 20,625.00
09/23/2025 Coupon 3137EAEX3 1,560,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 2,925.00 2,925.00
09/23/2025 Final Maturity 3137EAEX3 1,560,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 1,560,000.00 1,560,000.00
09/25/2025 Coupon 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 540.38 540.38 09/25/2025 Principal Paydown 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 9,521.88 9,521.88 09/25/2025 Coupon 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 26.07 26.07 09/25/2025 Principal Paydown 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 8,974.63 8,974.63 09/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 09/30/2025 Coupon 91282CBT7 1,500,000.00 UNITED STATES TREASURY 0.75 03/31/2026 5,625.00 5,625.00 09/30/2025 Coupon 91282CEF4 1,250,000.00 UNITED STATES TREASURY 2.5 03/31/2027 15,625.00 15,625.00 09/30/2025 Coupon 91282CFM8 1,000,000.00 UNITED STATES TREASURY 4.125 09/30/2027 20,625.00 20,625.00 09/30/2025 Coupon 91282CGT2 1,750,000.00 UNITED STATES TREASURY 3.625 03/31/2028 31,718.75 31,718.75 09/30/2025 Coupon 91282CJA0 1,850,000.00 UNITED STATES TREASURY 4.625 09/30/2028 42,781.25 42,781.25 09/30/2025 Coupon 91282CKG5 1,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 24,750.00 24,750.00 09/30/2025 Coupon 91282CLN9 1,250,000.00 UNITED STATES TREASURY 3.5 09/30/2029 21,875.00 21,875.00 September 2025
Total 14,152,369.86 636,679.84 14,789,049.70
OCTOBER 2025
10/14/2025 Coupon 023135CF1 750,000.00 AMAZON.COM INC 3.3 04/13/2027 12,375.00 12,375.00 CONFIDENTIAL | 41
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 10/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 10/15/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D A3 4.61 08/15/2029 2,228.17 2,228.17 10/15/2025 Coupon 44935CAD3 600,000.00 HART 2025-A A3 4.32 10/15/2029 2,395.00 2,395.00 10/15/2025 Coupon 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 11.70 11.70 10/15/2025 Effective Maturity 47787JAC2 58,618.27 JDOT 2022 A3 2.32 09/15/2026 6,050.23 6,050.23 10/15/2025 Coupon 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 272.55 272.55 10/15/2025 Principal Paydown 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 13,096.04 13,096.04 10/15/2025 Coupon 47800DAD6 475,000.00 JDOT 2025 A3 4.23 09/17/2029 1,674.38 1,674.38 10/15/2025 Coupon 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 1,277.36 1,277.36 10/15/2025 Principal Paydown 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 31,157.27 31,157.27 10/15/2025 Coupon 74340XBN0 1,000,000.00 PROLOGIS LP 2.125 04/15/2027 10,625.00 10,625.00 10/15/2025 Coupon 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 35.26 35.26 10/15/2025 Principal Paydown 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 11,475.35 11,475.35 10/16/2025 Coupon 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 80.35 80.35 10/16/2025 Principal Paydown 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 9,899.33 9,899.33 10/16/2025 Coupon 459058LN1 1,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 19,375.00 19,375.00
10/20/2025 Coupon 61747YFD2 1,200,000.00 MORGAN STANLEY 5.164 04/20/2029 30,984.00 30,984.00 10/27/2025 Coupon 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 496.98 496.98 10/27/2025 Principal Paydown 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 9,162.54 9,162.54 10/27/2025 Coupon 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 2.07 2.07 10/27/2025 Effective Maturity 05602RAD3 65,197.43 BMWOT 2022-A A3 3.21 08/25/2026 772.13 772.13 10/27/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 10/31/2025 Coupon 91282CBW0 1,000,000.00 UNITED STATES TREASURY 0.75 04/30/2026 3,750.00 3,750.00 10/31/2025 Coupon 91282CDG3 3,000,000.00 UNITED STATES TREASURY 1.125 10/31/2026 16,875.00 16,875.00 10/31/2025 Coupon 91282CEN7 2,500,000.00 UNITED STATES TREASURY 2.75 04/30/2027 34,375.00 34,375.00 10/31/2025 Coupon 91282CFU0 1,100,000.00 UNITED STATES TREASURY 4.125 10/31/2027 22,687.50 22,687.50 10/31/2025 Coupon 91282CHA2 2,180,000.00 UNITED STATES TREASURY 3.5 04/30/2028 38,150.00 38,150.00 10/31/2025 Coupon 91282CKP5 1,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 23,125.00 23,125.00 10/31/2025 Coupon 91282CLR0 1,250,000.00 UNITED STATES TREASURY 4.125 10/31/2029 25,781.25 25,781.25 October 2025 Total 81,612.89 258,307.21 339,920.10
CONFIDENTIAL | 42
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount NOVEMBER 2025
11/03/2025 Coupon 74456QBU9 1,250,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 23,125.00 23,125.00
11/07/2025 Coupon 3135G06G3 1,680,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 11/07/2025 4,200.00 4,200.00
11/07/2025 Final Maturity 3135G06G3 1,680,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 11/07/2025 1,680,000.00 1,680,000.00
11/10/2025 Coupon 037833ET3 205,000.00 APPLE INC 4.0 05/10/2028 4,100.00 4,100.00 11/17/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 11/17/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 11/17/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D A3 4.61 08/15/2029 2,228.17 2,228.17 11/17/2025 Coupon 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 54.77 54.77 11/17/2025 Principal Paydown 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 9,342.51 9,342.51 11/17/2025 Coupon 44935CAD3 600,000.00 HART 2025-A A3 4.32 10/15/2029 2,395.00 2,395.00 11/17/2025 Coupon 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 231.73 231.73 11/17/2025 Principal Paydown 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 13,946.28 13,946.28 11/17/2025 Coupon 47800DAD6 475,000.00 JDOT 2025 A3 4.23 09/17/2029 1,674.38 1,674.38 11/17/2025 Coupon 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 1,142.08 1,142.08 11/17/2025 Principal Paydown 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 30,480.69 30,480.69 11/17/2025 Coupon 89236TMF9 500,000.00 TOYOTA MOTOR CREDIT CORP 5.05 05/16/2029 12,625.00 12,625.00 11/17/2025 Coupon 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 7.24 7.24 11/17/2025 Effective Maturity 89238FAD5 91,050.01 TAOT 2022-B A3 2.93 09/15/2026 2,965.57 2,965.57 11/17/2025 Coupon 9128285M8 1,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 15,625.00 15,625.00 11/17/2025 Coupon 927804GH1 250,000.00 VIRGINIA ELECTRIC AND POWER CO 3.75 05/15/2027 4,687.50 4,687.50
11/24/2025 Coupon 857449AE2 1,250,000.00 STATE STREET BANK AND TRUST CO 4.782 11/23/2029 29,887.50 29,887.50
11/25/2025 Coupon 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 455.21 455.21 11/25/2025 Principal Paydown 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 8,444.97 8,444.97 11/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 November 2025
Total 1,745,180.02 114,169.25 1,859,349.27
DECEMBER 2025
CONFIDENTIAL | 43
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/01/2025 Coupon 91282CJL6 12,500,000.00 UNITED STATES TREASURY 4.875 11/30/2025 304,687.50 304,687.50 12/01/2025 Final Maturity 91282CJL6 12,500,000.00 UNITED STATES TREASURY 4.875 11/30/2025 12,500,000.00 12,500,000.00 12/01/2025 Coupon 91282CJN2 1,500,000.00 UNITED STATES TREASURY 4.375 11/30/2028 32,812.50 32,812.50 12/01/2025 Coupon 91282CKT7 1,250,000.00 UNITED STATES TREASURY 4.5 05/31/2029 28,125.00 28,125.00 12/01/2025 Coupon 91282CMA6 1,700,000.00 UNITED STATES TREASURY 4.125 11/30/2029 35,062.50 35,062.50 12/09/2025 Coupon 3130AWMN7 1,000,000.00 FEDERAL HOME LOAN BANKS 4.375 06/09/2028 21,875.00 21,875.00
12/12/2025 Coupon 3130ATUC9 1,800,000.00 FEDERAL HOME LOAN BANKS 4.5 12/12/2025 40,500.00 40,500.00 12/12/2025 Final Maturity 3130ATUC9 1,800,000.00 FEDERAL HOME LOAN BANKS 4.5 12/12/2025 1,800,000.00 1,800,000.00 12/12/2025 Coupon 91159HJM3 1,100,000.00 US BANCORP 5.775 06/12/2029 31,762.50 31,762.50 12/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 12/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 12/15/2025 Coupon 3133EPN50 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.25 12/15/2028 21,250.00 21,250.00
12/15/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D A3 4.61 08/15/2029 2,228.17 2,228.17 12/15/2025 Coupon 44935CAD3 600,000.00 HART 2025-A A3 4.32 10/15/2029 2,395.00 2,395.00 12/15/2025 Coupon 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 188.27 188.27 12/15/2025 Principal Paydown 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 10,405.83 10,405.83 12/15/2025 Coupon 47800DAD6 475,000.00 JDOT 2025 A3 4.23 09/17/2029 1,674.38 1,674.38 12/15/2025 Coupon 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 1,009.74 1,009.74 12/15/2025 Principal Paydown 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 29,086.40 29,086.40 12/16/2025 Coupon 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 30.64 30.64 12/16/2025 Principal Paydown 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 8,790.64 8,790.64 12/18/2025 Coupon 89236TJK2 810,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 4,556.25 4,556.25
12/25/2025 Coupon 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 416.72 416.72 12/25/2025 Principal Paydown 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 7,857.85 7,857.85 12/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 12/26/2025 Coupon 437076DC3 1,075,000.00 HOME DEPOT INC 4.75 06/25/2029 25,531.25 25,531.25 12/31/2025 Coupon 91282CEW7 1,400,000.00 UNITED STATES TREASURY 3.25 06/30/2027 22,750.00 22,750.00 12/31/2025 Coupon 91282CGC9 1,250,000.00 UNITED STATES TREASURY 3.875 12/31/2027 24,218.75 24,218.75 12/31/2025 Coupon 91282CJR3 1,200,000.00 UNITED STATES TREASURY 3.75 12/31/2028 22,500.00 22,500.00 CONFIDENTIAL | 44
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/31/2025 Coupon 91282CKX8 1,850,000.00 UNITED STATES TREASURY 4.25 06/30/2029 39,312.50 39,312.50 12/31/2025 Coupon 91282CMD0 1,250,000.00 UNITED STATES TREASURY 4.375 12/31/2029 27,343.75 27,343.75 December 2025
Total 14,356,140.71 701,961.08 15,058,101.79
JANUARY 2026
01/07/2026 Coupon 02665WEM9 1,200,000.00 AMERICAN HONDA FINANCE CORP 5.125 07/07/2028 30,750.00 30,750.00
01/12/2026 Coupon 89115A2M3 1,100,000.00 TORONTO-DOMINION BANK 5.156 01/10/2028 28,358.00 28,358.00 01/13/2026 Coupon 45950KDD9 520,000.00 INTERNATIONAL FINANCE CORP 4.5 07/13/2028 11,700.00 11,700.00
01/15/2026 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 01/15/2026 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 01/15/2026 Coupon 34535VAD6 580,000.00 FORDO 2024-D A3 4.61 08/15/2029 2,228.17 2,228.17 01/15/2026 Coupon 44935CAD3 600,000.00 HART 2025-A A3 4.32 10/15/2029 2,395.00 2,395.00 01/15/2026 Coupon 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 155.84 155.84 01/15/2026 Principal Paydown 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 17,214.37 17,214.37 01/15/2026 Coupon 47800DAD6 475,000.00 JDOT 2025 A3 4.23 09/17/2029 1,674.38 1,674.38 01/15/2026 Coupon 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 883.46 883.46 01/15/2026 Principal Paydown 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 28,586.84 28,586.84 01/15/2026 Coupon 756109AU8 1,000,000.00 REALTY INCOME CORP 3.65 01/15/2028 18,250.00 18,250.00 01/15/2026 Coupon 87612EBM7 545,000.00 TARGET CORP 1.95 01/15/2027 5,313.75 5,313.75 01/16/2026 Coupon 24422EXH7 1,200,000.00 JOHN DEERE CAPITAL CORP 4.5 01/16/2029 27,000.00 27,000.00 01/16/2026 Coupon 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 7.93 7.93 01/16/2026 Effective Maturity 362585AC5 98,596.99 GMCAR 2022-2 A3 3.1 02/16/2027 3,070.00 3,070.00 01/20/2026 Coupon 06051GGF0 1,000,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 19,120.00 19,120.00 01/23/2026 Coupon 46647PAV8 1,300,000.00 JPMORGAN CHASE & CO 4.203 07/23/2029 27,319.50 27,319.50 01/26/2026 Coupon 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 380.90 380.90 01/26/2026 Principal Paydown 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 7,388.93 7,388.93 01/26/2026 Coupon 06051GMK2 450,000.00 BANK OF AMERICA CORP 4.979 01/24/2029 11,202.75 11,202.75 01/26/2026 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 January 2026 Total 56,260.14 198,470.33 254,730.47
FEBRUARY 2026
CONFIDENTIAL | 45
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/02/2026 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 02/02/2026 Coupon 78016HZS2 1,000,000.00 ROYAL BANK OF CANADA 5.2 08/01/2028 26,000.00 26,000.00 02/02/2026 Coupon 912828Z78 500,000.00 UNITED STATES TREASURY 1.5 01/31/2027 3,750.00 3,750.00 02/02/2026 Coupon 91282CCP4 1,000,000.00 UNITED STATES TREASURY 0.625 07/31/2026 3,125.00 3,125.00 02/02/2026 Coupon 91282CHQ7 1,000,000.00 UNITED STATES TREASURY 4.125 07/31/2028 20,625.00 20,625.00 02/02/2026 Coupon 91282CJW2 1,500,000.00 UNITED STATES TREASURY 4.0 01/31/2029 30,000.00 30,000.00 02/02/2026 Coupon 91282CLC3 1,750,000.00 UNITED STATES TREASURY 4.0 07/31/2029 35,000.00 35,000.00 02/09/2026 Coupon 06406RAB3 1,000,000.00 BANK OF NEW YORK MELLON CORP 3.442 02/07/2028 17,210.00 17,210.00
02/12/2026 Coupon 14913R3A3 700,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.6 08/12/2027 12,600.00 12,600.00
02/16/2026 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 02/16/2026 Coupon 34535VAD6 580,000.00 FORDO 2024-D A3 4.61 08/15/2029 2,228.17 2,228.17 02/16/2026 Coupon 44935CAD3 600,000.00 HART 2025-A A3 4.32 10/15/2029 2,395.00 2,395.00 02/16/2026 Coupon 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 102.18 102.18 02/16/2026 Principal Paydown 47800AAC4 179,609.61 JDOT 2022-B A3 3.74 02/16/2027 14,386.66 14,386.66 02/16/2026 Coupon 47800DAD6 475,000.00 JDOT 2025 A3 4.23 09/17/2029 1,674.38 1,674.38 02/16/2026 Coupon 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 759.35 759.35 02/16/2026 Principal Paydown 58768PAC8 499,492.25 MBART 2022-1 A3 5.21 08/16/2027 28,213.92 28,213.92 02/17/2026 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 02/17/2026 Coupon 4581X0EN4 1,250,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.125 02/15/2029 25,781.25 25,781.25
02/17/2026 Coupon 9128283W8 1,250,000.00 UNITED STATES TREASURY 2.75 02/15/2028 17,187.50 17,187.50 02/17/2026 Coupon 912828V98 1,250,000.00 UNITED STATES TREASURY 2.25 02/15/2027 14,062.50 14,062.50 02/25/2026 Coupon 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 347.22 347.22 02/25/2026 Principal Paydown 05592XAD2 169,908.94 BMWOT 2023-A A3 5.47 02/25/2028 7,290.71 7,290.71 02/25/2026 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 02/27/2026 Coupon 14913UAJ9 450,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.85 02/27/2029 10,912.50 10,912.50
February 2026
Total 49,891.29 263,090.71 312,982.00
Grand Total 418,007,584.66 92,895,764.66 3,728,657.98 96,624,422.64 CONFIDENTIAL | 46
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Execution Time: 04/14/2025 01:26:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

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

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

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

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

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

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

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

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

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

INVESTMENT REPORT
City of Vallejo | Council Report | As of March 31, 2025 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

TABLE OF CONTENTS

ECONOMIC UPDATE

ACCOUNT PROFILE
1 ECONOMIC UPDATE
2 ▪
▪
▪
Recent economic data suggest slower growth in 2025 and greater market uncertainty as the effects of fiscal policy unfold. Inflationary trends have subsided, but some components remain sticky, and core levels remain above the Fed’s target. The labor market reflects improved balance between supply and demand for workers. While job creation has been robust, continuing jobless claims remain elevated.

Given the economic outlook, we expect gradual normalization of monetary policy and a steepening yield curve.

As broadly anticipated, the Federal Open Market Committee (FOMC) left the Federal Funds Rate unchanged at the range of 4.25 - 4.50% at the March meeting. Fed Chair Powell emphasized increased uncertainty around the economic outlook and the need for “greater clarity” before making changes to interest rate policy. He also acknowledged possible transitory inflationary impacts from tariffs. The summary of economic projections (SEP) indicated lower GDP growth, higher inflation, and higher unemployment estimates than December projections, along with roughly two 25-basis point rate cuts this year. The FOMC also announced a slowdown in the pace of balance sheet reduction.

US Treasury yields declined, and the curve steepened in March. The 2-year Treasury yield declined 10 basis points to 3.89%, the 5-year Treasury fell 7 basis points to 3.95%, and the 10-year Treasury yield was unchanged 4.21%. The spread between the 2-year and 10-year Treasury yield points on the curve widened to +32 basis points at March month-end versus +22 basis points at February month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -42 basis points. The spread between the 3-month and10- year Treasury yield points on the curve was -9 basis points in March, unchanged from February.

ECONOMIC UPDATE
3 -400
-200
0 200
400
600
800
1,000MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
The U.S. economy added 228,000 jobs in March, exceeding consensus expectations, and the last two months were revised down by 48,000. Gains were led by healthcare, retail, social assistance, and transportation. The three-month moving average and six-month moving average payrolls totaled 152,000 and 181,000 respectively. The unemployment rate rose to 4.2% in March, and the labor participation rate edged up to 62.5%, remaining below the pre-pandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons edged down to 7.9% in March from

8.0% in February. Average hourly earnings ticked down to an increase of 3.8% year-over-year in March.

Source: US Department of Labor Source: US Department of Labor

EMPLOYMENT
4 0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) fell to 7.57 million new job openings in February from 7.76 million new job openings in January. Job openings indicate a ratio of 1.1 jobs for each unemployed individual, representing a relatively balanced labor market.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
5 0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
Fed Target
YOY (%) Change
In March, price increases measured by both the Consumer Price Index (CPI) and Core CPI, which excludes volatile food and energy components, decelerated from last month and came in lower than consensus expectations. The headline CPI dropped 0.1% month-over- month and rose 2.4% year-over-year, while the Core CPI rose 0.1% month-over-month and 2.8% year-over-year. The Personal Consumption Expenditures (PCE) price index increased by 0.3% from the previous month and 2.5% year-over-year in February. The Core PCE deflator, which excludes food and energy and is the Fed’s preferred gauge, accelerated its increase to 0.4% month-over-month and 2.8% from 2.6% year-over-year. Inflation remains above the Fed’s 2% target.

Source: US Department of Labor Source: US Department of Commerce

INFLATION
6 -30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
Advance Retail Sales increased 1.4% month-over-month in March following a 0.2% gain in February. Auto sales jumped, and spending ramped up broadly ahead of tariffs. Building materials, garden equipment, and restaurants also soared with the transition to spring weather. However, control group sales, which feeds into gross domestic product, increased a disappointing 0.4% in March. On a year- over-year basis, Retail Sales grew 4.6% in March versus 3.5% in February. The Conference Board’s Consumer Confidence Index tumbled

7.2 points in March to 92.9, a notable decrease from February. Consumers' assessment of the present situation fell, and expectations for income, business, and labor market conditions dropped, with pessimism about future employment prospects falling to a 12-year low.

While the consumer has been resilient, rising inflation expectations, concerns about trade policies and tariffs, and general economic and policy uncertainty could pose potential risks to future spending. 0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)

CONSUMER
7 -25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’s Leading Economic Index (LEI) fell by 0.7% in March, following a 0.2% decline in February. The LEI decreased by

3.5% year-over-year. The Conference Board forecasted slower growth ahead, as trade policy uncertainty took a toll on consumer sentiment, stock prices, and new orders for manufacturing. The Chicago Fed National Activity Index (CFNAI) increased to +0.18 in February from a revised -0.08 in January, reflecting stronger readings across production-related indicators and sales, orders, and inventories. The three-month moving average roseto +0.15 in February from +0.07in January, indicating expectations of continued above- trend economic growth.

Source: The Conference Board Source: Federal Reserve Bank of Chicago

LEADING INDICATORS OF ECONOMIC ACTIVITY
8 0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts plunged 11.4% to 1.3 million units in March as builders anticipated higher mortgage rates and slower demand, as well as uncertainty about building costs for materials and labor. Single family starts plummeted 14.2%, and multi-family starts fell 3.5%. Total starts increased 1.9% compared to March 2024. The Freddie Mac 30-year fixed rate mortgage averaged approximately 6.7% in March.

According to the Case-Shiller 20-City Home Price Index, housing prices rose 4.7% year-over-year in January, compared to 4.5% in December. While inventory constraints remain a challenge, the slight improvement in annual gains suggests gradual stabilization in the market. However, higher mortgage rates continue to weigh on affordability, limiting buyer demand and market activity.

Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change

HOUSING
9 40
45 50
55 60
65 70
Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
The Institute for Supply Management (ISM) Manufacturing index dipped back into contractionat 49.0 in March from 50.3 in February. The survey reflected a decline in business activity, upward price pressures, and notably weaker employment. The ISM Services index declined to 50.8 in March from 53.5 in February as new orders, employment, and supplier deliveries all weakened. A reading over 50 indicates expansion, while a reading under 50 indicates contraction.

Source: Institute for Supply Management

SURVEY BASED MEASURES
10 Components of GDP 3/24 6/24 9/24 12/24

1.3% 1.9% 2.5% 2.7%

0.6% 1.5% 0.2% -1.0%
-0.6% -0.9% -0.4% 0.3%

0.0% 0.3% 0.6% 0.3%

0.3% 0.3% 0.3% 0.3%

1.6% 3.0% 3.1% 2.4%
State and Local (Consumption and Gross
Investment)
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
-40.0%
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce According to the third estimate, fourth quarter GDP increased at an annualized rate of 2.4 percent, revised up 0.1 percentage point from the second estimate. Growth continues to be powered by consumer spending and government spending, partly offset by a decrease in investment. Imports also decreased. Real GDP increased 2.8 percent in 2024. The consensus projection calls for 1.2% growth for the first quarter and 2.0% for the full year 2025.

GROSS DOMESTIC PRODUCT (GDP)
11 Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
As broadly anticipated, the Federal Open Market Committee (FOMC) left the Federal Funds Rate unchanged at the range of 4.25 - 4.50% at the March meeting. Fed Chair Powell emphasized increased uncertainty around the economic outlook and the need for“greater clarity” before making changes to interest rate policy. He also acknowledged possible transitory inflationary impacts from tariffs. The summary of economic projections (SEP) indicated lower GDP growth, higher inflation, and higher unemployment estimates than December projections, along with roughly two 25-basis point rate cuts this year. The FOMC also announced a slowdown in the pace of balance sheet reduction. The monthly redemption cap on Treasuries will be reduced from $25 billion to $5 billion, while the cap on agencies and mortgage-backed securities will be maintained at $35 billion. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by approximately $2.2 trillion to approximately $6.8 trillion.

FEDERAL RESERVE

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12 Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Yield Curve
Mar-25
Dec-24
Mar-24
Yield (%)
At the end of March, the 2-year Treasury yield was 74 basis points lower, and the 10-Year Treasury yield was 6 basis points higher, year- over-year. The spread between the 2-year and 10-year Treasury yield points on the curve widened to +32 basis points at March month- end versus +22 basis points at February month-end. The recent yield curve inversion which began in July 2022 was historically long. The average historical spread (since 2005) is about +99 basis points. The spread between the 3-month and 10-year Treasury yield points on the curve was -9 basis points in March, unchanged from February.

BOND YIELDS
13 ACCOUNT PROFILE
14 OBJECTIVES
Investment Objectives
The investment objectives for the City of Vallejo, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs, and a market rate of return consistent with the investment program.

Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index.

Strategy
In order to achieve this objective, the portfolio invests in high-quality fixed income securities that comply with the investment policy and all regulations governing the funds. 15 STATEMENT OF COMPLIANCE
City of Vallejo | Account #260 | As of March 31, 2025
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 50.0 1.8 Compliant
Max % Issuer (MV) 30.0 1.8 Compliant
Max Maturity (Years) 5.0 3.2 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 5.3 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

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

COLLATERALIZED TIME DEPOSITS (NON-

NEGOTIABLE CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 25.7 Compliant
Max % Issuer (MV) 5.0 1.5 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
16 STATEMENT OF COMPLIANCE
City of Vallejo | Account #260 | As of March 31, 2025
Rules Name Limit Actual Compliance
Status Notes

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

FEDERAL AGENCIES
Max % (MV) 50.0 11.9 Compliant
Max % Issuer (MV) 30.0 4.9 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 3 Compliant

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

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (MV) 100.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 1.9 Compliant
Max % Issuer (MV) 5.0 1.9 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

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

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
17 STATEMENT OF COMPLIANCE
City of Vallejo | Account #260 | As of March 31, 2025
Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant

SRI PROHIBITED INVESTMENTS
Prohibited Investment - Fossil Fuels 0.0 0.0 Compliant
Prohibited Investments - Alcohol 0.0 0.0 Compliant
Prohibited Investments - Firearms 0.0 0.0 Compliant
Prohibited Investments - Tobacco 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 3.8 Compliant
Max % Issuer (MV) 10.0 2.0 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 49.7 Compliant
Max Maturity (Years) 5 4 Compliant
18 PORTFOLIO CHARACTERISTICS
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 3/31/2025
Portfolio
12/31/2024
Portfolio
Average Maturity (yrs) 1.15 1.18
Average Modified Duration 1.01 1.03
Average Purchase Yield 4.09% 4.06%
Average Market Yield 4.21% 4.43%
Average Quality** AA+ AA+
Total Market Value 277,825,222 251,587,736
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 19 SECTOR DISTRIBUTION
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Sector as a Percentage of Market Value
Sector 03/31/2025 12/31/2024
US Treasury 47.38% 52.72%
LAIF 19.98% 21.80%
Money Mkt Fd 15.05% 6.93%
Corporate 9.21% 9.55%
Agency 4.25% 5.04%
ABS 1.89% 1.88%
Supras 1.36% 1.09%
Agency CMBS 0.65% 0.71%
Cash 0.22% 0.29%
20 DURATION DISTRIBUTION
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
03/31/2025 47.2% 15.0% 6.6% 7.7% 8.7% 10.7% 4.2% 0.0% 0.0% 12/31/2024 61.5% 1.2% 4.6% 5.9% 8.9% 13.6% 4.2% 0.0% 0.0% 21 QUALITY DISTRIBUTION
Rating 03/31/2025 12/31/2024
AAA 24.4% 35.7%
AA 33.3% 27.1%
A 7.7% 8.5%
BBB 0.1% 0.1%
NA 34.5% 28.7%
Rating 03/31/2025 12/31/2024
AAA 35.2% 28.8%
AA 1.5% 1.1%
A 28.2% 40.9%
NA 35.1% 29.2%
Rating 03/31/2025 12/31/2024
AAA 22.9% 34.8%
AA 34.3% 28.3%
A 4.5% 4.9%
NA 38.3% 32.0%
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 S&P Rating Moody’s Rating Fitch Rating
22 HISTORICAL AVERAGE PURCHASE YIELD
City of Vallejo Cons Portfolio | Account #262 | As of March 31, 2025 Purchase Yield as of
03/31/25 = 4.09%
23 IMPORTANT DISCLOSURES
2025 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

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

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

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

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively. 24 BENCHMARK DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency Index The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

ICE BofA 1-Yr US Treasury Bill Index The ICE BofA US 1-Year Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled into a newly selected issue. The issue selected at each month- end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, twelve months from the rebalancing date.
25 CONSENT CALENDAR 8.D.

DATE: May 13, 2025
TO: Mayor and Members of the City Council
FROM: Melissa Tigbao, P.E., Public Works Director
SUBJECT: PROVIDE NOTICE OF INTENT TO AMEND THE 2024-2025 FISCAL YEAR CAPITAL IMPROVEMENT PROGRAM BUDGET TO APPROPRIATE $98,218 OF GRANT FUNDS

FROM THE NAPA VALLEY VINE TRAIL COALITION GRANT FOR THE BAY TRAIL/VINE TRAIL GAP CLOSURE PROJECT (PW9802) – STEP 1 OF 2

RECOMMENDATION
Provide Notice of Intent to amend the 2024-2025 fiscal year Capital Improvement Program budget to appropriate $98,218 of grant funds from the Napa Valley Vine Trail Coalition Grant for the Bay Trail/Vine Trail Gap Closure Project (PW9802) – Step 1 of 2.

REASONS FOR RECOMMENDATION
Per City Charter Section 703, amending the budget requires public notice and intent prior to any action taken.

A staff report recommending amendment of the budget will be presented to City Council at the next regularly scheduled City Council meeting.

BACKGROUND AND DISCUSSION
The ultimate Napa Valley Vine Trail (Vine Trail) is a 47-mile multi-use trail administered by the Napa Valley Vine Trail Coalition (NVVTC) that will extend from the City of Vallejo Ferry Terminal to the City of Calistoga in Napa County.

The City’s Bay Trail & Vine Trail Gap Closure Project constructed a combination of Class I, Class IV, and Class II Bike Facilities in the City of Vallejo between the State Route 37 in Vallejo and the City of American Canyon. Additional improvements included the installation of ADA curb ramps, high-visibility crosswalks, pedestrian count heads, bulb-outs, a shelter, wayfinding signs, trail mileage markers, ped/bike trail user counters, and an interpretive sign.

On behalf of the City, the Napa Valley Vine Trail Coalition (NVVTC) purchased and supplied several project components, including a resting shelter, interpretive signs, and entry monument signs, for the Bay Trail / Vine Trail Gap Closure Project (Project No. PW9802). These components are consistent with the design standards used on other segments of the Vine Trail. These materials have been installed on the trail in accordance with the approved plans and specifications.

In addition to material support, the NVVTC is providing up to $98,218 in funding to help the City cover unforeseen costs associated with Caltrans right-of-way inspections and contract change orders on the Project.

The grant agreement has been executed and is attached to this staff report.

This item represents the first step in the required two-step process to amend the FY 2024–25 Capital Improvement Program (CIP) Adopted Budget to recognize the new grant funding from the NVVTC. The second step will be presented at the next regular City Council meeting.

The Bay Trail / Vine Trail Gap Closure Project is now complete. A ribbon-cutting ceremony was held on March

Date: May 13, 2025
Subject: PROVIDE NOTICE OF INTENT TO AMEND THE 2024-2025 FISCAL YEAR CAPITAL IMPROVEMENT PROGRAM BUDGET TO APPROPRIATE $98,218 OF GRANT

FUNDS FROM THE NAPA VALLEY VINE TRAIL COALITION GRANT FOR THE BAY TRAIL/VINE TRAIL GAP CLOSURE PROJECT (PW9802) – STEP 1 OF 2

Page 2 ends

14, 2025. Staff is working through final punch list items from Caltrans, including executing a required maintenance agreement with Caltrans. Final invoice payments and reimbursements are currently under review by staff, and project acceptance will be brought to City Council once the budget and invoices are finalized.

FISCAL IMPACT
This item provides a Notice of Intent only and does not have any fiscal impact. The second step of the two- step budget amendment process will come at the next regular City Council meeting.

ENVIRONMENTAL REVIEW
This action is exempt from environmental review under the California Environmental Quality Act (CEQA) because it is not a project which has the potential to result in either a direct physical change in the environment or a reasonably foreseeable indirect physical change in the environment, pursuant to CEQA Guidelines section 15378.

ATTACHMENTS

1. Vallejo Funding Agreement-NVVT_250k_FINAL_clean March 2025

CONTACT
Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]

FUNDING AGREEMENT BETWEEN

THE CITY OF VALLEJO AND

THE NAPA VALLEY VINE TRAIL COALITION

This Funding Agreement ("Agreement") is entered into and effective as of _______, by and between the City of Vallejo ("VALLEJO") and the Napa Valley Vine Trail Coalition, a California nonprofit public benefit corporation (" Coalition"), collectively " Parties" and each individually a "Party."

WHEREAS, on August 23, 2017, VALLEJO and the Coalition entered into an agreement under which the Coalition agreed to provide matching funds of up to $800,000 in the form of reimbursements for costs incurred in the planning, design (including environmental clearance), entitlements, right of way and implementation of the Vine Trail/Bay Trail Gap Closure Project (“Original Agreement”); and

WHEREAS, on December 9, 2020, due to cost overruns, t he Parties amended the Original Agreement to reallocate the funds for Stage 3 of the Project (Construction) to Stage 2 (Engineering and Design); and

WHEREAS, the $800,000 contribution in matching funds from the Coalition ha s been fully reimbursed to VALLEJO and the Original Agreement expired on December 31, 2021 ; and

WHEREAS, the Coalition now desires to contribute additional funds up to the amount of $250,000 to reimburse VALLEJO for Stage 3 Construction costs and expenses to ensure there are sufficient funds to complete the construction of the Project ; and

WHEREAS, the Parties desire to set forth the respective obligations of each party regarding the Coalition’s additional financial contribution to support and complete the Project.

NOW, THEREFORE, in consideration of the foregoing, and other valuable consideration, the sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:

1. Term of the Agreement. The term of this Agreement will commence on the date first above written and will expire upon completion of the Project ("End Date"), unless terminated earlier in accordance with this Agreement; except that the obligations of the Parties under Section 5 (Insurance), Section 6 (Hold Harmless/Defense/ Indemnification), and Section 13 (Access to Records/Retention) will continue in full force and effect after expiration or termination in relation to acts or omissions occurring prior to expiration or termination of the Agreement.

2. Project. VALLEJO constructed a Class I and/or IV Bike Path, including but not limited to the trail segments listed here:

A. Vine Trail/Bay Trail Wilson Avenue Section.

B. Vine Trail/Bay Trail White Slough (existing bike path with added signs).

C. Vine Trail/Bay Trail Broadway Section.

D. Vine Trail Broadway Section.

E. Financial Contribution. The Napa Valley Vine Trail Coalition will contribute up to Docusign Envelope ID: 2B5AFBCC-C37D-46E7-839B-7F1C12316F2C

$250,000 for Stage 3 Construction, which sum includes the already contributed Vine Trail Coalition receipted expenses of the trail elements Shelter, Education Sign and two Gateways, valued at $151,782. In the event that project costs and expenses exceed the project budget, the Coalition will provide the balance of funds up to $98,218 towards completion of the Project.

3. Payment.

A. Payment Documentation. After the completion of the Project, VALLEJO will submit receipts and documentation sufficient to show the total amount of payments made by VALLEJO and include a detailed description of the activity, service, or goods associated with each payment ("Payment Documentation"). Coalition will review the Payment Documentation and, provided that Coalition determines, in its sole discretion, that the Payment Documentation evidences payments for work directly related to the Project and completed by VALLEJO, will reimburse VALLEJO for the amount up to the maximum dollar amount of $98,218.

B. Financial Records. VALLEJO will create and maintain sufficient financial records in a manner that is consistent with generally accepted accounting principles for use of the funds conveyed through this Agreement, and further agrees to all applicable f ederal, s tate, and local regulations associated with the stated fund sources herein.

4. Additional VALLEJO Obligations.

A. Obligations as Lead Agency . VALLEJO will be the Lead Agency for purposes of design and environmental determinat ion of the Project consistent with the requirements of the National Environmental Policy Act (" NEPA") and the California Environmental Quality Act ("CEQA") and Specifications as well as standard engineering practices.

B. Reporting Obligations. During the term of this Agreement, VALLEJO will provide Coalition with a Project report along with the request for final reimbursement of the Coalition’s financial contribution (“Final Report”). The Final Report will include, but is not limited to, a summary of all final Project details.

C. Coalition’s Right to Review, Comment, and Confer. VALLEJO agrees to continue to coordinate all final construction details with the Coalition.

5. Insurance. VALLEJO will obtain and maintain in full force and effect throughout the term of this Agreement, and thereafter as to matters occurring during the term of this Agreement, the following insurance coverage or equivalent self-insurance or a combination thereof:

A. Workers' Compensation Insurance. To the extent required by law during the term of this Agreement, VALLEJO will provide workers' compensation insurance for the performance of any of VALLEJO's duties under this Agreement, including but not limited to, coverage for workers' compensation and employer's liability and a waiver of subrogation, and will provide the other Party with certification of all such coverages upon request by the other Party.

B. Liability Insurance . VALLEJO will ob tain and maintain in full force and effect during the term of this Agreement the following liability insurance coverages, issued by a company admitted to do business in California and having an A.M. Best rating of A: VII or better or equivalent self-insurance:

i. General Liability. Commercial general liability [CGL] insurance coverage Docusign Envelope ID: 2B5AFBCC-C37D-46E7-839B-7F1C12316F2C

(personal injury and property damage) of not less than ONE MILLION DOLLARS ($1,000,000) combined single limit per occurrence, covering liability or claims for any personal injury, including death, to any person and/or damage to the property of any person arising from the acts or omissions of VALLEJO or any officer, agent, or employee of VALLEJO under this Agreement. If the coverage includes an aggregate limit, the aggregate limit will be no less than twice the per occurrence or $2,000,000.
ii. Professional Liability. VALLEJO will require all consultants involved in any way with work related to the Project to provide professional liability or errors and omissions insurance for all activities arising out of or in connection with this Agreement or the Project in an amount not less than ONE MILLION DOLLARS ($1,000,000) per claim.

iii. Comprehensive Automobile Liability Insurance. Comprehensive automobile liability insurance (Bodily Injury and Property Damage) on owned, hired, leased and non-owned vehicles used in conjunction with VALLEJO’s business of not less than ONE MILLION DOLLARS ($1,000,000) combined single limit per occurrence.

C. Certificates. All insurance coverage referenced in this Section 6 above, will be evidenced by one or more certificates of coverage; reference this Agreement by its number or title and department; be kept current during the term of this Agreement; provide that the other Party will be given no less than thirty (30) days’ prior written notice of any non-renewal, cancellation, other termination, or material change, except that only ten (10) days’ prior written notice will be required where the cause of non-renewal or cancellation is non-payment of premium; and provide that the inclusion of more than one insured will not operate to impair the rights of one insured against another insured, the coverage afforded applying as though separate policies had been issued to each insured, but the inclusion of more than one insured will not operate to increase the limits of the company's liability. For the commercial general liability insurance coverage referenced in Section 6.b.i, and where the vehicles are covered by a commercial policy rather than a personal policy, for the comprehensive automobile liability insurance coverage referenced in Section 6.b.iii VALLEJO will also file with the evidence of coverage an endorsement from the insurance provider naming the Parties, their officers, employees, agents and volunteers as additional insureds and waiving subrogation, and th e certificate or other evidence of coverage will provide that if the same policy applies to activities of VALLEJO not covered by this Agreement then the limits in the applicable certificate relating.to the additional insured coverage of the other Parties will pertain only to liability fo r activities of VALLEJO under this Agreement, and that the insurance provided is primary coverage to the other Party with respect to any insurance or self- insurance programs maintained by the other Parties. The additional insured endorsements for the general liability coverage will use Insurance Services Office (ISO) Form No. CG 20 09 11 85 or CG 20 10 11 85, or equivalent, including (if used together) CG 2010 10 01 and CG 2037 10 01; but will not use the following forms: CG 20 10 10 93 or 03 94. Upon request by Coalition, VALLEJO will provide or arrange for the insurer to provide within thirty (30) days of the request, certified copies of the actual insurance policies or relevant portions thereof.

6. Hold Harmless/Defense/Indemnification. To the full extent permitted by law, the Parties will each defend, indemnify and hold harmless each other as well as their respective officers, agents and . emp loyees, from any claims, suits, proceedings, loss or liability, including reasonable attorney's fees, for personal injury (including death) or damage to property, arising out of or connected with any acts or omissions of that Party or its officers, agents, employees, volunteers, contractors or subcontractors when performing any activities or obligations required of that party under this Agreement. VALLEJO will defend, indemnify and hold harmless Coalition and its officers, agents and employees from any claims, suits, proceedings, loss or liability, including reasonable attorney's fees, for any claims arising from or in connection with a dispute Docusign Envelope ID: 2B5AFBCC-C37D-46E7-839B-7F1C12316F2C

between VALLEJO and its contractors or subcontractors, with the exception of claims arising from the negligence or willful misconduct by Coalition. Each Party will notify the other Party immediately in writing of any claim or damage related to activities performed under this Agreement. The Parties will cooperate with each other in the investigation and disposition of any claim arising out of the activities under this Agreement, providing that nothing will require either Party to disclose any documents, records or communications that are protected under peer review privilege, attorney-client privilege, or attorney work product privilege. VALLEJO will require all consultants involved in any way with work related to the Project to defend, indemnify, and hold harmless Coalition as permitted by law.

7. Termination for Cause. If VALLEJO fails to fulfill in a timely and proper manner the obligations under this Agreement or otherwise breaches this Agreement, and fails to cure such failure or breach within thirty (30) days of receipt of written notice from Coalition describing the nature of the breach, Coalition may, in addition to any other remedies it may have, terminate this Agreement by giving five (5) days prior written notice in the manner set forth in Section 11 (Notices).

8. Effect of Termination. Coalition will have no obligation to reimburse VALLEJO for costs of any work completed after the date of notice of termination. If, after the issuance of notice of termination but prior to the termination of the Agreement, VALLEJO submits Payment Documentation and requests reimbursement, Coalition shall reimburse VALLEJO for such payments provided that Coalition determines, in its sole discretion, which determination is subject to reasonableness, that the Payment Documentation evidences payments for work directly related to the Project actually completed by VALLEJO.

10. No Waiver . The waiver by any Party of any breach or violation of any requirement of this Agreement will not be deemed to be a waiver of any such breach in the future, or of the breach of any other requirement of this Agreement.

11. Notices. All notices required or authorized by this Agreement will be in writing and will be delivered in person or by deposit in the United States mail, by certified mail, postage prepaid, return receipt requested. Any mailed notice, demand, request, consent, approval or communication that either party desires to give the other party will be addressed to the other party at the address set forth below. Either party may change its address by notifying the other party of the change of address. Any notice sent by mail in the manner prescribed by this paragraph will be deemed to have been received on the date noted on the return receipt or five days following the date of deposit, whichever is earlier.

If to Coalition:

Shawn Casey-White
Vine Trail Coalition,
Executive Director
3299 Claremont Way #4
Napa, CA 94558

If to City:

Vallejo City Engineer
City Hall, fourth floor
555 Santa Clara Street
Vallejo, CA 94590
Docusign Envelope ID: 2B5AFBCC-C37D-46E7-839B-7F1C12316F2C

12. Compliance with Laws. During the term of this Agreement, and in carrying out all activities related to the Project, VALLEJO will observe and comply with all applicable federal, state and local laws, ordinances, and codes. Such laws will include, but not be limited to, the following, except where prohibited by law:

A. Non-Discrimination. VALLEJO, its contractors and its subcontractors will not deny the benefits thereof to any person on the basis of sex, race, color, ancestry, religion or religious creed, national origin or ethnic group identification, sexual orientation, marital status, age (over 40), mental disability, physical disability or medical condition (including cancer, HIV and AIDS), nor will they discriminate unlawfully against any employee or applicant for employment because of sex, race, color, ancestry, religion, or religious creed, national origin or ethnic group identification, sexual orientation, marital status, age (over 40), mental disability, physical disability or medical condition (including cancer, HIV and AIDS), or use of family care leave. VALLEJO will ensure that the evaluation and treatment of employees and applicants for employment are free of such discrimination or harassment. In addition to the foregoing general obligations, VALLEJO will comply with the provisions of the Fair Employment and Housing Act (Government Code section 12900, et seq.) the regulations promulgated thereunder (Title 2, California Code of Regulations, section 7285.0, et seq. provisions of Article 9.5; Chapter 1, Part 1, Division 3, Title 2 of the Government Code (sections 11135-11139.5) and any state or local regulations adopted to implement any of the foregoing, as such statutes and regulations may be amended from time to time. To the extent this A greement subcontracts to VALLEJO services or works required of PARTIES by the State of California pursuant to agreement between PARTIES and the State, the applicable regulations of the Fair Employment and Housing of Division 4 of Title 2 of the California Code of Regulations are expressly incorporated into this Agreement by reference and made a part hereof as if set forth in full, and VALLEJO and any of its subcontractors will give written notice of their obligations thereunder to labor organizations with which they have collective bargaining or other agreements.

B. Documentation of Right to Work. VALLEJO agrees to abide by the requirements of the Immigration and C ontrol Reform Act pertaining to assuring that all newly hired employees. of VALLEJO performing any services under- this Agreement have a legal right to work in the United States of America, that all required documentation of such right to work is inspected, and that INS Form 1-9 (as it may be amended from time to time) is completed and on file for each employee.

C. Inclusion in Subcontract. To the extent any of the services required of VALLEJO under this Agreement are subcontracted to a third party, VALLEJO will include all of the provision of this Paragraph in all such subcontracts as obligations of the subcontractor.

13. Access to Records/Retention. Parties, any federal or state grantor VALLEJO funding all or part of the compensation payable hereunder, the State Controller, the Comptroller General of the United States, or the duly authorized representatives of any of the above, will have access to any books, documents, papers and records of VALLEJO which are directly pertinent to the subject matter of this Agreement for the purpose of making audit, examination, excerpts and transcriptions. Except where longer retention is required by any federal or state law, VALLEJO will maintain all required records for at least five (5) years after termination or expiration of this Agreement.

14. Non-Solicitation of Employees. Each Party agrees not to solicit for employment the Docusign Envelope ID: 2B5AFBCC-C37D-46E7-839B-7F1C12316F2C

employees of the other party who were directly involved in the performance of the services hereunder for the term of this Agreement and a period of six (6) months after termination of this Agreement except with the written permission of the other Party to the extent allowed by law, except that nothing in this Section 14 will preclude either Party from publishing or otherwise distributing applications and information regarding that Party's job openings where such publication or distribution is directed to the public generally, and from processing filed applications in accordance with the Party's general recruitment procedures.

15. Third Party Beneficiaries. Nothing contained in this Agreement will be construed to create any rights in third Parties and the Parties do not intend to create such rights.

16. Warranty of Legal Authority. Each Party warrants and covenants that it has the present legal authority to enter into this Agreement and to perform the acts required of it hereunder. If any party is found to lack the authority to perform the acts required of it hereunder or is prevented from performing the acts by a court of competent jurisdiction, this Agreement will be void.

17. Assignment/Delegation. None of the Parties hereto will assign or transfer any benefit or obligations of this Agreement without the prior written consent of the others, and no assignment will be of any force or effect whatsoever unless and until the other Party will have so consented.

18. Severability. In the event any provision of this Agreement is held to be invalid or unenforceable, the valid or enforceable portion thereof and the remaining provisions of this Agreement will remain ·in full force and effect.

19. Interpretation. The headings used herein are for reference only. The terms of the Agreement are set out in the text under the headings. This Agreement will be governed by the laws of the State of California without regard to the choice of law or conflicts.

20. Venue. This Agreement is made in Solano County California. The venue for any legal action in state court filed by either party to this Agreement for the purpose of interpreting or enforcing any provision of this Agreement will be in the Superior Court of California, County of Solano.

The venue for any legal action in federal court filed by either party to this Agreement for the purpose of interpreting or enforcing any provision of this Agreement lying within the jurisdiction of the federal courts will be the Eastern District of California. The appropriate venue for arbitration, mediation or similar legal proceedings under this Agreement will be Solano ·County, California; however, nothing in this section will obligate either party to submit to mediation or arbitration any dispute arising under this Agreement.

22. Attorneys' Fees. The prevailing party in any legal action brought by one party against the other and arising out of this Agreement will be entitled to reimbursement for its expenses, including court costs and reasonable attorneys' fees.

23. Entire Agreement. This document is intended both as the final expression of the agreement between the Parties hereto with respect to the included terms and as a complete and exclusive statement of the terms of the Agreement. This Agreement may be executed in counterparts, each of which will constitute an original.

24. Amendment. This Agreement may only be amended in wri ting by an amendment authorized by each of the Parties.

IN WITNESS WHEREOF, this Agreement was executed by the PARTIES hereto as of the date first above written.

VALLEJO:

Docusign Envelope ID: 2B5AFBCC-C37D-46E7-839B-7F1C12316F2C

CITY OF VALLEJO

By: _________________________
Andrew Murray, City Manager

ATTEST: APPROVED AS TO FORM:

By: __________________________ By: _____________________________ Dawn Abrahamson, City Clerk Veronica A.F. Nebb, City Attorney

COALITION:

NAPA VALLEY VINE TRAIL COALITION

By: ___________________________
Shawn Casey-White, Executive Director
Docusign Envelope ID: 2B5AFBCC-C37D-46E7-839B-7F1C12316F2C

CONSENT CALENDAR 8.E.

DATE: May 13, 2025
TO: Mayor and Members of the City Council
FROM: Melissa Tigbao, P.E., Public Works Director
SUBJECT: ADOPT A RESOLUTION AWARDING A LANDSCAPE MAINTENANCE SERVICES CONTRACT FOR REGION 3 (EAST VALLEJO) TO NORTH BAY LANDSCAPE MANAGEMENT, INC. OF PETALUMA, CALIFORNIA, FOR A MAXIMUM NOT TO EXCEED $645,179 AND REJECTING ALL OTHER BIDS

RECOMMENDATION
Adopt a resolution awarding a Landscape Maintenance Services Contract for Region 3 (East Vallejo) to North Bay Landscape Management, Inc. of Petaluma, California, for a maximum not to exceed $645,179 and rejecting all other bids.

REASONS FOR RECOMMENDATION
Landscape maintenance services will continue to be required in Region 3 of the LMDs. The term of the previous landscape maintenance contract for this region will expire June 30, 2025. Approval of this contract will provide needed landscape maintenance services for an initial term of one-year, with the option to extend for up to four additional one-year periods with a maximum 3% annual CPI (Consumer Price Index) adjustment included.

BACKGROUND AND DISCUSSION
The City of Vallejo has 27 Landscape Maintenance Districts (LMD), which were formed in accordance with the Improvement Act of 1911, the City of Vallejo Municipal Code, the Landscape and Lighting Act of 1972, and Proposition 218. For contracting purposes, many of these districts have been organized into regions.

Establishment of these regions was intended to consolidate various LMDs into groups that were expected to result in a more efficient and cost-effective execution of the maintenance activities required in each LMD.

The following are the LMDs in Region 3:
• 164 – Summit II
• 167 – Monica Place
• 169 – Ridgecrest
• 174 – Woodridge
• 176 – Somerset Highlands III
• 181 – Hunter Ranch I & II
• 183 - Hunter Ranch III

Plans and Specifications were prepared and completed by City Staff and the project was advertised starting on February 20, 2025. On March 13, 2025, sealed bids were opened and read publicly by the Deputy City Clerk. The results of the bids for the subject project were as follows:

Region 3:

Date: May 13, 2025
Subject: ADOPT A RESOLUTION AWARDING A LANDSCAPE MAINTENANCE SERVICES CONTRACT FOR REGION 3 (EAST VALLEJO) TO NORTH BAY LANDSCAPE MANAGEMENT, INC. OF PETALUMA, CALIFORNIA, FOR A MAXIMUM NOT TO EXCEED $645,179 AND REJECTING ALL OTHER BIDS

Page 2 ends

The lowest responsive bidder for Region 3 appears to
be North Bay Landscape Management, Inc., with a bid
of $65,016 for one year of monthly maintenance
services. All submitted bid documents appear to be
complete, in order, and satisfy the requirements of the specification as advertised.

The contract will span one year, with the option for four one-year extensions. It includes a maximum annual Consumer Price Index (CPI) adjustment of 3% and allows for change orders or additional services up to $60,000 per contract year. Over the past five years, change orders have ranged from approximately $34,000 to $50,000. Staff recommends awarding the contract for Region 3 to North Bay Landscape Management, Inc., with a total contract value not to exceed $645,179 for up to five years.

Year 1 Year 2* (If
extended)
Year 3* (if
extended)
Year 4* (if
extended)
Year 5* (if
extended)
Total 5 years
(contract life)
Region 3 Base Contract $65,016 $66,966 $68,975 $71,045 $73,176 $345,179 POTENTIAL rehab
maintenance/additional
work
$60,000 $60,000 $60,000 $60,000 $60,000 $300,000
Totals (Annual+
potential rehab)
$125,016 $126,966 $128,975 $131,045 $133,176 $645,179
*Estimated using 3% CPI Increase per FY

1 North Bay Landscape
Management, Inc.
$65,016
2 New Image Landscape Company $109,860
3 Priority Landscape Services LLC $132,600

FISCAL IMPACT
There is no impact to the General Fund with the approval of this item.

Costs for the landscape maintenance services in Region 3 LMDs are funded through assessments of the property owners within the region. Assessments received from each LMD are only expended in the LMD from which these funds are collected. The annual landscape maintenance costs for each specific LMD region are within their overall approved budgets.

ENVIRONMENTAL REVIEW
This action is exempt from environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301(h) because it authorizes the maintenance of existing landscaping.

ATTACHMENTS

1. RESO Award Region 3_CAO Stamp

2. Region 3 - North Bay - Annual Landscape Maintenance Services Contract_CAO Stamp

CONTACT
Melissa Tigbao P.E., Public Works Director, (707) 648-4433 [email protected]

RESOLUTION NO. 25-______

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO AWARDING A LANDSCAPE MAINTENANCE SERVICES CONTRACT FOR REGION 3 TO NORTH BAY LANDSCAPE MANAGEMENT, INC. OF PETALUMA, CALIFORNIA, FOR A MAXIMUM NOT TO EXCEED $645,179 AND REJECTING ALL

OTHER BIDS
WHEREAS, the City of Vallejo has 27 Landscape Maintenance Districts (LMDs) and, for contracting purposes, those districts have been organized into regions, with Region 3 containing Summit II, Monica Place, Ridgecrest, Woodridge, Somerset Highlands III, Hunter Ranch I & II and Hunter Ranch III; and WHEREAS, on February 20, 2025, the City of Vallejo advertised the Annual Landscape Maintenance Services Contract for Region 3 (the “Contract”) and on March 13, 2025, publicly opened bids; and WHEREAS, North Bay Landscape Management, Inc. a California corporation, submitted the lowest responsive bid for Region 3 in the amount of $65,016 for one year of regular monthly maintenance; and WHEREAS, the Contract has a term of one year and allows the City to exercise up to four one- (1-) year extensions with an annual maximum CPI adjustment of 3%, and the potential for additional services, for a maximum not-to-exceed amount of $645,179 over five years should all extensions be exercised; and WHEREAS, there is adequate funding to award the Contract for up to a five-year term.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Vallejo that an invitation for bids was duly advertised.

BE IT FURTHER RESOLVED by the City Council of the City of Vallejo that to North Bay Landscape Management, Inc, of Petaluma, California is determined to be the lowest responsive bidder and is hereby awarded a contract in the not-to-exceed amount of $645,179 for Region 3, for the original Term and all approved extensions and said contract is awarded to said low bidder at the prices bid.

BE IT FURTHER RESOLVED that all other bids to-wit:

Region 3:

New Image Landscape Company $109,860
Priority Landscape Services LLC $132,600
are hereby deemed rejected, upon the full execution of the contract documents by the successful bidder, with notice of rejection to be given thereupon by the City Clerk.

BE IT FURTHER RESOLVED that the City Manager is hereby authorized to execute the contract between the City of Vallejo and North Bay Landscape Management, Inc, of Petaluma, CA, with any modifications recommended by City Attorney, and the City Clerk to attest the signing of those contracts.

Adopted by the City Council of the City of Vallejo at a regular meeting held on May 13, 2025, with the following vote:

AYES:

NOES:

ABSENT:
____________________________________

ANDREA SORCE, MAYOR
ATTEST: _____________________________________
DAWN G. ABRAHAMSON, CITY CLERK

CITY OF VALLEJO

PUBLIC WORKS DEPARTMENT

ENGINEERING DIVISION

CONTRACT
FOR
REGION 3- ANNUAL LANDSCAPE MAINTENANCE SERVICES
THIS CONTRACT (“Contract”) made and concluded in duplicate this 1st day of July, 2025, at Vallejo, California, by and between the City of Vallejo, a municipal corporation of the State of California, acting by and through its City Council, hereinafter called City, and North Bay Landscape Management, Inc., a California corporation, hereinafter called CONTRACTOR.

WITNESSETH:

WHEREAS, the City Council of said City heretofore caused plans and specifications for the work hereinafter mentioned to be prepared, and thereafter did approve and adopt said plans and specifications; and,
WHEREAS, the City Council of said City did cause to be noticed for the time and in the manner required by law a notice inviting sealed bids for the performance of said work; and,
WHEREAS, Contractor, in response to such notice, submitted to the City Council of said City within the time specified in said notice, and in the manner provided for therein, a sealed bid for the performance of the work specified in said plans and specifications, which said bid and proposal, and the other bids and proposals submitted in response to said notice, the City Council of City, by and through its authorized representatives, publicly opened and canvassed in the manner provided by law; and, WHEREAS, Contractor was the lowest responsible bidder for the performance of said work, and said City Council of City, as a result of the canvass of said bids, did determine and declare Contractor to be the lowest responsible bidder for the work and award to it a contract therefore.

NOW, THEREFORE, in consideration of the above, it is mutually agreed between the parties hereto as follows, to wit:

1. Scope of Work. The work to be done is shown in Exhibit A, entitled “Plans and Specifications,” which is incorporated herein by this reference.

The Contractor shall provide all labor, tools, and materials to do the work according to the terms and conditions specified herein and as provided for and set forth in said plans, specifications, and any addendum that may be issued prior to the date of bid, or in either of them, which said plans and specifications are hereby referred to by such reference, incorporated herein, and made a part of this Contract.

The following documents shall constitute the Contract Documents:
(a) This Contract, including Exhibits A, B, and C;
(b) Contractor’s accepted Proposal;
(c) Change Orders, if approved;
(d) Standard Specifications of the State of California, Business and Transportation Agency, Department of Transportation, 2010 edition, Sections 10 through 95, all as modified herein;
(e) City of Vallejo Standard Specifications and Standard Drawings dated, December 20, 2011;
(f) Vallejo Flood & Wastewater District Engineering Design Standard, dated July 2020, and Engineering Standard Details, dated July 2020; and (g) Any other documents identified as such in the Contract Documents.

2. Terms and Conditions. This Contract consists of the Contract Documents identified in Section 1(a)-(g) above, all of which are incorporated herein by reference as though set forth in full, and all of which are part of this Contract, and Contractor and City agree to comply with and fulfill all obligations, promises, covenants and conditions imposed upon each of them in the Contract Documents. All of said work done under this Contract shall be performed to the satisfaction of the City Council, or its representative, who shall have the right to reject any and all materials and supplies furnished by Contractor which do not strictly comply with said plans and specifications, together with the right to require Contractor to replace any and all work furnished by Contractor which shall not either in workmanship or material be in strict accordance with said plans and specifications.

The said Contractor agrees to receive and accept the prices set forth in the proposal in the annual amount of $65,016 with an annual maximum adjustment of 3% as measured by the Consumer Price Index for All Urban Consumers for the San Francisco-Oakland- Hayward area over the previous 12-month period for a maximum not to exceed Six Hundred Forty-Five Thousand One Hundred Seventy- Nine Dollars and Zero Cents ($645,179.00) as full compensation for furnishing all materials and for doing all the work contemplated and embraced in this agreement, also for all loss or damage arising out of the nature of the work aforesaid, or from the action of the elements or from any foreseen difficulties or obstructions which may arise or be encountered in the prosecution of the work until its acceptance by the City and for all risks of every description, connected with the work; also for all discontinuance of work, and for well and faithfully completing the work, and the whole thereof, in the manner and according to the Plans and Specifications and the requirements of the Engineer under them.

By my signature as Contractor, I certify that I am aware of the provisions of Section 3700 of the Labor Code which require every employer to be insured against liability for Worker's Compensation or to undertake self-insurance in accordance with the provisions of that Code, and I will comply with such provisions before commencing the performance of the work of this contract.

Pursuant to Section 1700, and following, of the California Labor Code, the Contractor shall pay not less than the prevailing rate of per diem wages as determined by the Director of the California Department of Industrial Relations. Copies of such prevailing rate of per diem wages are on file at the office of the City Clerk, City of Vallejo, City Hall, 555 Santa Clara Street, Vallejo, California CA. Those copies shall be made available to any interested party upon request. The Contractor shall forfeit, as penalty to the City, Fifty Dollars ($50.00) for each calendar day or portion thereof, for each workman paid less than the stipulated prevailing rates for any work done under the contract by it or by any subcontractor under it, in violation of the provisions of such Labor Code.

City shall pay Contractor the sums set forth in Exhibit B, entitled “Compensation”, in accordance with all of the terms and conditions of the Contract Documents.

The Contractor shall be permitted to substitute designated securities for any moneys withheld by the City of Vallejo to insure performance under the Contract. This right of substitution shall be exercised in the manner and subject to the conditions specified in the Contract Documents. The provisions of Public Contract Code section 22300 are incorporated herein by reference as though set forth in full and shall govern the substitution of securities and/or escrow account.

The person signing this Agreement for Contractor hereby represents and warrants that he/she is fully authorized to sign this Agreement on behalf of Contractor.

4. Insurance Requirements. Contractor agrees to comply with all of the Insurance Requirements set forth in Exhibit C, entitled “Insurance Requirements for Contractor.” Failure to maintain required insurance at all times shall constitute a default and material breach.

5. Term. The term of this Contract shall commence on July 1, 2025 and shall continue in full force and effect until June 30, 2026.

City shall, at its discretion, have the right to extend the term of this Agreement, in intervals of one (1) year, by written notice to Contractor. The total duration of this Agreement, including the exercise of any options under this section, shall not extend beyond June 30, 2029.

If the term of this Agreement extends into fiscal years subsequent to that in which it is approved, such continuation of the Agreement is contingent on the appropriation of funds for such purpose by the City Council of the City of Vallejo. If funds to affect such continued payment are not appropriated, Contractor agrees to terminate any services supplied to City of Vallejo under this Agreement, and relieve City of any further obligation therefore.

If any option is exercised by the City, an increase may be granted equal to the average percentage variant for the previous twelve (12) months in the Consumer Price Index for All Urban Consumers (CPI-U), calculated by the U.S. Department of Labor, Bureau of Labor Statistics (BLS) for the Consolidated Metropolitan Statistical Area (CMSA) covering San Francisco-Oakland-San Jose.

6. Notices. All notices or instruments required to be given or delivered by law or this Agreement shall be in writing and shall be effective upon receipt thereof and shall be by personal service or delivered by depositing the same in any United States Post Office, registered or certified mail, postage prepaid, addressed to:

If to City: Melissa Tigbao
Public Works Director
Public Works Department – LMD Region 3
555 Santa Clara Street
Vallejo, CA 94590
If to Contractor: Kevin Pottorff
CEO
North Bay Landscape Management, Inc.
444 Payran Street
Petaluma, CA 94952
Any party may change its address for receiving notices by giving written notice of such change to the other party in accordance with this section.

7. Exhibits. The following exhibits are attached hereto and incorporated herein by reference:

Exhibit A, entitled “Plans and Specifications,” including any attachments Exhibit B, entitled “Compensation,” including any attachments Exhibit C, entitled “Insurance Requirements,” including attachments

SIGNATURES ARE ON THE FOLLOWING PAGE
IN WITNESS WHEREOF, the parties have executed this agreement on the day and year shown below the name of each of the parties.

North Bay Landscape Management, Inc.
a California corporation
By:

Kevin Pottorff
CEO
DATE:
(City Seal)

CITY OF VALLEJO,
a municipal corporation
By:

Andrew Murray
City Manager
DATE:

ATTEST:

By:

Dawn G. Abrahamson
City Clerk
APPROVED AS TO CONTENT:

Melissa Tigbao, P.E.

Public Works Director
APPROVED AS TO FORM:

Veronica A.F. Nebb
City Attorney
APPROVED AS TO INSURANCE:

Armond Sarkis
Risk Manager

EXHIBIT A

PLANS AND SPECIFICATIONS
SECTION A – DESCRIPTION OF PROJECT

1. Location: City of Vallejo

2. Representatives. The City Representative for this Agreement is:

James Olson
Senior Landscape Inspector
Public Works Department
Engineering – LMD Region 3
555 Santa Clara Street
Vallejo, CA 94590
(707) 648-4315
[email protected]
The Contractor’s Representative for this Agreement is:

Kevin Pottorff
CEO
North Bay Landscape Management, Inc.
444 Payran Street
Petaluma, CA 94952
(707) 762-3850
[email protected]
All routine administrative communications between the parties will be between the above- named representatives and may be by personal delivery, mail, facsimile transmission, or electronic mail as agreed between the Contractor Representative and City’s Representative.

SECTION B – GENERAL REQUIREMENTS

1. Definitions and Terms
A. Standard Specifications – The Standard Specifications of the State of California, Department of Transportation, Division of Highways, July 1995 edition. Any reference therein to a State Agency or officer shall be interpreted as the corresponding City office or officer acting under this contract with address at City Hall, Vallejo, California 94590.

B. City – The City of Vallejo.

C. City Council – The governing body of the City.

D. Landscape Maintenance Manager (LMM) – The City management staff or his/her authorized managing agent who shall represent the City during the term of the contract.

E. City Specifications – The City of Vallejo Regulations and Standard Specifications for Public Improvements, December 2011 edition.

F. VFWD – Vallejo Flood and Wastewater District’s Standard Specification, March 2007.

G. Landscape Inspector (includes Sr. Landscape Inspector) – The authorized agent who may represent the Landscape Maintenance Manager.

H. Responsibility of Contractor, Hold Harmless & Indemnity Agreement – The Contractor shall take all responsibility including stewardship for the work and shall defend, indemnify, release and hold harmless the City, its officers, officials, directors, employees, agents and volunteers, from all claims, loss, damage, injury, and liability of every kind, nature, and description, directly or indirectly arising from the performance of the contract of work regardless of responsibility for negligence (including costs and expenses, which include attorney’s fees, incurred in connection therewith) and from any and all claims, loss, damage, injury, and liability, howsoever the same may be cause, resulting directly or indirectly from the nature of the work covered by the contract, regardless of responsibility for negligence (including costs and expenses, which include attorney’s fees, incurred in connection therewith), but excluding liability due to the sole negligence or willful misconduct of the City.

The City, pursuant to this contract and indemnity agreement, may, at the time of preparing and certifying the final voucher, and as a condition of preparing and certifying the same, require the Contractor to continue his bond or any part thereof, as security against any such unsatisfied claims, for a time not exceeding the time when such claims would be legally barred.

Approval of the insurance contracts required does not relieve the Contractor or subcontractors from liability under this hold harmless and responsibility clause.

The provisions of this section shall survive the expiration or termination of the Contract and are not limited by any provisions relating to insurance.

2. Scope of Work
A. General – Attention is directed to the provisions of “Section D – Special Provisions” of Exhibit A of this Contract, as supplemented herein, for the requirements and conditions concerning the scope of the work.

B. Increased and Decreased Quantities – The quantities given in the proposal form and Contract are approximate only, being given as a basis for the comparison of bids. The City of Vallejo does not, expressly or by implication, agrees that the actual amount of work will correspond therewith, and reserves the right to increase or decrease the amount of any class or portion of the work, or to omit portions of the work. All items of work will be paid for at the respective prices negotiated for such work done and accepted by the City.

C. Hours of Work – Normal working hours are 7:00 AM to 5:00 PM, Monday through Friday, excluding holidays observed by the City. No work outside of the regular working hours shall be done unless previously requested by the Contractor in writing and approved by the City.

3. Legal Relations and Responsibility
A. Hours of Labor – The Contractor shall forfeit, as a penalty, to the City, Twenty-Five Dollars ($25.00) for each work-person employed in the execution of the contract by the Contractor or any subcontractor under him/her for each calendar day during which such work person is required or permitted to work more than eight (8) hours in any one calendar day and forty (40) hours in any one calendar week in violation of provisions of the Labor Code of the State of California, Section 1810 to Section 1815.

B. Public Convenience and Safety – Contractor shall furnish, install, and maintain all traffic warning and directional signs necessary to maintain the facility in a passable condition at all times as part of this bid. Traffic control shall meet the requirements of the latest State of California Department of Transportation Manual of Traffic Controls for Construction and Maintenance Work Zones. Submit documentation prior to the commencement of contract and prior to optional renewal years that assigned staff has received Traffic Control Training in accordance with the California Department of Transportation regulations. The Contractor may be required to submit a Traffic Control Plan for review and approval by the City at any time during the duration of this contract.

The Contractor shall designate in writing the name, address and telephone number of the employee to contact after working hours for the proper maintenance of traffic barriers and warning signs. Full compensation for furnishing all flag-persons necessary for the direction of public traffic either through or around the work shall be considered as included in the various contract items of work, and no additional compensation will be allowed therefore.

C. Damage to Private Property – Any damage to private property caused by the Contractor and adjudged to be the responsibility of the Contractor by the LMM shall be rectified to the satisfaction of the LMM within a reasonable time, depending on the extent of the damage. Said reasonable time shall be as determined by the LMM, and if the condition is not rectified, the LMM shall have the power and authority to rectify said damage and the cost thereof to be paid for by the Contractor, either by direct payment to the City of Vallejo, or by deducting said amount from moneys due the Contractor.

4. Prosecution and Progress
Attention is directed to the provisions of these Specifications, “Section D – Special Provisions,” for the requirements and conditions concerning the prosecution and progress of the work and the assignment of the Contract.

5. Permits and Code
A. The City will not waive required permit fees for this project. All other aspects of this "Permits and Code" section still apply. The Contractor shall give all notices required by and comply with all applicable laws, ordinances and codes of the City of Vallejo. All construction work and/or utility installations shall comply with all applicable ordinances and codes including all written waivers. Before installing any work, the Contractor shall examine the Drawings and Technical Specifications for compliance with applicable ordinances and codes and shall immediately report any discrepancy to the City Landscape Inspector of the City of Vallejo. Where requirements of the Drawings and Technical Specifications fail to comply with such applicable ordinances and codes, the City of Vallejo will adjust the contract by Change Order to conform to such ordinances and codes (unless waivers in writing covering the differences have been granted by the governing body or department) and make appropriate adjustment in the contract price or stipulated unit prices.

Should the Contractor fail to observe the foregoing provisions and proceed with the construction and/or install any utility variance with any applicable ordinance or Code including any written waivers (notwithstanding the fact that such installation is in compliance with the Drawings and Technical Specifications) the Contractor shall remove such work without cost to the City and a Change Order will be issued to cover only the excess cost the Contractor would have been entitled to receive if the change had been made before the Contractor commenced work on the items involved.

B. The Contractor shall comply with applicable laws and ordinances governing the disposal of surplus excavation, materials, debris and rubbish on or off the project area and commit no trespass on any public or private property in any operation due to or connected with the improvements embraced in this contract.

6. Apprenticeship Requirements
California Labor Section 1777.5 requires in the employment of apprentices in public works contracts:

A. Only registered apprentices within a written agreement in an approved apprentice training program providing no less than two-thousand (2,000) hours of continuous employment and education are eligible for employment on public works (in compliance with Labor Section 3077).

B. A contractor is no longer required to submit Form DAS-7 but must submit award information to the local applicable joint apprenticeship committee.

The award information must include:

1. An estimate of the journeyman hours;

2. The number of apprentices to be employed; and

3. The approximate dates of apprentice employment.

C. The minimum statutory 1:5 hourly ratio of work stipulates that no less than one (1) hour of apprentice work for every five (5) hours of journeyman labor on any day of work. Any journeyman work performed beyond eight (8) hours per day or forty (40) hours per week shall not be used to calculate the hourly ratio.

This section shall not apply to specialty contractors or general contractors whose contracts involve less than Thirty Thousand Dollars ($30,000.00) or twenty (20) working days.

The Division of Apprenticeship Standards may grant a certificate exempting the Contractor from the minimum 1:5 hourly ratio under any one of the following:

1. Unemployment exceeds an average of fifteen percent (15%) in the area for the previous three (3) month period;

2. The number of apprentices in training in such area exceeds a ratio of 1:5;

3. The apprentice able craft or trade is replacing at least one thirtieth of its journeymen annually through apprenticeship training, either locally or statewide;

4. The specific task would jeopardize the apprentice's life or public safety, or no training can be provided to an apprentice by a journeyman for the specific task.

D. Apprentices employed on public works projects can only be assigned to perform work of the craft or trade to which the apprentice is registered.

E. All contractors with employees in any apprentice able occupation, regardless of the actual employment of journeymen or apprentices for the awarded public work, must either contribute to the local training trust fund or to the Department of Industrial Relations, California Apprenticeship Council, P.O. Box 511283, Los Angeles, CA 90051-7838 (as set forth in Section 227).

F. All violations of Section 1777.5 shall pay a civil penalty of Fifty Dollars ($50.00) for each calendar day of noncompliance.

All willful violations of Section 1777.5 shall pay the Fifty Dollar ($50.00) fine for each calendar day of noncompliance and shall be denied the right to bid on, or to receive, any public works contract for a period of up to one year for the first violation and up to three (3) years for any additional violations.

Compliance disputes arising under Section 177.5 shall be adjudicated under Section 8 California Code of Regulations, Article 1.

G. Within five (5) days of a public works contract award, the awarding agency must send a copy of the award to the Division of Apprenticeship Standards under Section 1773.3.

Within five (5) days of finding any discrepancy regarding the hourly ratio of apprentices to journeymen, the awarding agency shall notify the Division of Apprenticeship Standards.

H. The Contractor shall be responsible for compliance for all apprentice able occupations within these sections.

7. Subcontracting
In accordance with the requirements of Sections 4100 and 4113, inclusive, of the Government Code, each bidder shall list in his proposal all the names and business address of each subcontractor to whom the bidder proposes to subcontract work and shall list. Each subcontractor licensed by the State of California and registered with the State of California Department of Industrial Relations. Said list shall include a description of the portion of the work which will be done by each subcontractor.

A sheet for listing the subcontractors is included herein.

8. Permits and Licenses
The California Environmental Quality Act of 1970 (Public Resource Code section 21100 et seq.) (“CEQA”), as amended, may be applicable to permits, licenses and other authorizations which the Contractor must obtain from local agencies in connection with performing the work of this Contract. The Contractor shall comply with the provisions of said statutes in obtaining such permits, licenses and other authorizations and they shall be obtained in sufficient time to prevent delays to the work.

In the event that the City has obtained permits, licenses or other authorizations, applicable to the work, the Contractor shall comply with the provisions of said permits, licenses, and other authorizations.

9. Statistical Testing
Moving average requirements are waived.

10. Highway Construction Equipment
Pursuant to the authority contained in Section 591 of the Vehicle Code, the Department has determined that, within such areas as are within the limits of the project and are open to public traffic, the Contractor shall comply with all of the requirements set forth in Divisions 11, 12, 13, 14, and 15 of the Vehicle Code.

Attention is directed to the statements in Section 591 that this section shall not relieve him or any person from the duty of exercising due care. The Contractor shall take all necessary precautions for safe operation of his/her equipment and the protection of the public from injury and damage from such equipment.

11. Equipment Rental Rates
Unless otherwise negotiated, the Contractor will be paid for the use of equipment at the rental rates listed for such equipment in the Department of Public Works, Division of Highway's publication entitled, "Equipment Rental Rates and General Prevailing Wage Rates," latest edition.

When work, other than work specifically designated as landscape maintenance in the plans and specifications, is to be paid for on a Force Account basis and the LMM determines that such contract change required the Contractor to move on to the work equipment which could not reasonably have been expected to be needed in the performance of the contract, the LMM may authorize payment for the use of such equipment at equipment rental rates in excess of those listed as applicable for the use of such equipment subject to the following additional conditions:

A. The LMM shall specifically approve the necessity for the use of particular equipment on such work.

B. The Contractor shall establish to the satisfaction of the LMM that such equipment cannot be obtained from his/her normal equipment source or sources and those of his/her subcontractors.

C. The Contractor shall establish to the satisfaction of the LMM that the proposed equipment rental rate for such equipment from his/her proposed source is reasonable and appropriate for the expected period of use.

D. The LMM shall approve the equipment source and the equipment rental rate to be paid by the City before the Contractor begins work involving the use of said equipment. All work originates within the City of Vallejo. The City will not pay for transportation or travel time.

12. Sound Control Requirements
The Contractor shall comply with all local sound control and noise level rules, regulations and ordinances which apply to any work performed pursuant to the contract.

Each internal combustion engine, used for any purpose on the job or related to the job, shall be equipped with a muffler of a type recommended by the manufacturer.

No internal combustion engine shall be operated on the project without said muffler.

The noise level from the Contractor’s operations, between the hours of 9:00 PM and 7:00 AM shall not exceed fifty (50) D.B.A. and between the hours of 7:00 AM and 9:00 PM shall not exceed eighty (80) D.B.A. at a distance of fifty feet (50’).

Said noise level requirement shall apply to all equipment on the job or related to the job, including but not limited to trucks, transit mixers or transient equipment that may or may not be owned by the Contractor. The use of loud sound signals shall be avoided in favor of light warnings except those required by safety laws for the protection of personnel.

Full compensation for conforming to the requirements of this section shall be considered as included in the prices paid for the various contract items of work involved and no additional compensation will be allowed therefore.

13. Hazardous Waste in Excavation
If the Contractor encounters material in excavation which the Contractor has reason to believe may be hazardous waste as defined by Section 25117 of the Health and Safety Code, the Contractor shall immediately so notify the LMM in writing. Excavation in the immediate area of the suspected hazardous material shall be suspended until the LMM authorizes it to be resumed. If such suspension delays the current controlling operation, the Contractor shall be granted an extension of time.

If such suspension delays the current controlling operation by more than two (2) working days, the delay shall be considered a right of way delay and the Contractor shall be compensated for such delay.

The City reserves the right to use other forces for exploratory work to identify and determine the extent of such material and for removing hazardous material from such area.

SECTION C – WAGE AND EQUIPMENT RATES

1. Prevailing Wage Rates
In accordance with the provisions of Section 1770 of the Labor Code of the State of California, the Director of the Department of Industrial Relations has determined the general prevailing rate of per diem wages applicable to the work to be done, and a current copy of said prevailing wages is on file with the City Clerk. Should the minimum Federal Wage Rate be higher than the rate determined by the Director of the Department of Industrial Relations, then the Federal Wage Rate Determination shall govern.

The successful bidder will be required to post a copy of these general prevailing rates of per diem wages in a conspicuous place at the job site forthwith upon undertaking the public work called for herein.

In addition, the City Charter of the City of Vallejo requires that the Contractor and all his/her subcontractors shall pay their employees on said work a salary or wage at least equal to the prevailing salary or wage for work of similar character in the locality in which the public work is performed. The Contractor shall, as a penalty, forfeit to the City Fifty Dollars ($50.00) for each calendar day or portion thereof, for each employee paid less than the prevailing salary or wage for any public work done under the contract by him/her or any subcontractor under him/her.

The State Labor Code states that for violations of public works laws relating to payment of prevailing wages, the City of Vallejo will be required to withhold from any progress payments owed to a contractor any amounts that have been forfeited as penalties, or as wages owed to employees, who have not been paid the prevailing wage for work performed. Effective 01/01/93, the City is required to directly transfer all withheld wages and penalties to the Labor Commissioner for disbursement those cases where a contractor fails to bring a lawsuit for amounts withheld within ninety (90) days after the completion of the public works contract and formal acceptance of the job by the City.

Also, the Labor Commissioner is permitted to intervene in any lawsuit brought by the contractor against an awarding body for recovery of amounts withheld. In the event that the Contract does not prevail in the lawsuit to recover the amounts withheld, the wages and penalties will then be forwarded to the Labor Commissioner for disbursement in the manner previously described.

2. Payroll Records
In accordance with the provisions of Section 1776 of the Labor Code of the State of California, the Contractor shall keep an accurate payroll record, showing the name, address, social security number, work classification, straight time and overtime hours worked each day and week, and the actual per diem wages paid to each journeyman, apprentice, worker or other employee employed by the Contractor in connection with this project. Upon request of the City, this payroll record shall be certified and available for inspection at all reasonable hours at the principal office of the successful bidder and a certified copy shall be furnished within ten (10) days after receipt of a written request by the following parties:

A. An employee or his/her authorized representative
B. City’s representative
C. Representative of Labor Standard Enforcement and Division of Apprenticeship Standard of Department of Industrial Relations.

Any copy of the payroll record made available for inspection and furnished to the public through the above entities shall not disclose names, addresses or social security numbers of individual employees except the name and address of the Contractor.

In the event of non-compliance with the requirement of this subdivision, the Contractor shall have ten (10) days in which to comply subsequent to receipt of written notices from the State or City. If the non-compliance is still evident after the ten-day period, the Contractor shall, as a penalty, forfeit to the City Twenty-Five Dollars ($25.00) for each calendar day, for each employee, until strict compliance is effectuated.

3. Equipment Rental Rates – Contractor Equipment rented by the City will be paid for at the rates listed in the “Equipment Rental Rates Table” of the State of California, Department of Public Works, Division of Highways, latest issue, for use in their Special Provisions, a copy of which Table of Rates is filed in the LMM's Office. Any Equipment rented from a vendor will be paid for as invoiced by the Rental Vendor.

SECTION D – SPECIAL PROVISIONS

1. Scope of Work
A. The work to be done includes furnishing all labor, material, tool, and equipment necessary to maintain all identified Landscape Maintenance Districts (LMD) in Region One (1), which may include but are not limited to: street frontages or parkways, parking lots, neighborhood park sites, open space parcels, and all other areas identified as public lands.

B. Maintenance and repair may include but are not limited to: view improvements, fire safety zones, LMD graffiti removal from signs and site fixtures/features entrance monuments, slope embankments, drainage basin facilities, erosion control, irrigation sprinkler systems, pest management, noxious weed eradication, LMD walking trails and care to ornamental or native turf, plants and trees.

C. The Contractor shall contact the Landscape Inspector or Landscape Maintenance Manager and not take any action when the Contractor receives any direction or requests from property owners or general public.

2. Scope of Responsibility
A. Plants – Any plants that die due to Contractor's negligence shall be replaced at the Contractor's expense, equal in plant size and conforming to City Specifications. Replacement shall be made within fifteen (15) working days from the date the defective plant is brought to the attention of the Contractor or, the City may option a warrantee replacement, with planting to occur between the months of October to December. The final warrantee replanting list will be confirmed by the City’s representative provided to the Contractor in the month of September.

B. Irrigation – Contractor shall maintain all existing irrigation systems. Failures in the irrigation system shall be brought to the Landscape Inspectors attention immediately and repairs made within twenty-four (24) hours of known break at Contractors expense.

C. Cleanup – It shall be the Contractor's responsibility to maintain the entire Landscape Region in a condition that is acceptable to the City and in compliance with this contract. The Contractor shall include a daily walk through of the entire Region for the removal of all trash, dead or dying branches, excess soil erosion, empty plant basins, grass clippings, weeds, or any other debris that may accumulate at the site as a result of natural causes. Leaf drop will be blown off the sidewalks and gutters weekly and piles picked up on the same day. The Contractor will not be able to leave piles to be picked up at a later day.

Due to the location or public perception along landscaped areas, parkways and facilities all trash receptacles will be checked three (3) times weekly and emptied if one-third (⅓) full or more. Additional cleanup may be performed, as necessary or as deemed necessary at no cost to the City. Incidental illegal dumping within the LMD shall be considered an Extra Work Order. Unless agreed upon by the Landscape Inspector, all debris listed above for cleanup or any scheduled trimming shall be removed from the site the same day as collected and will be disposed of in an authorized fashion.

D. Street Improvements – Clean median and keep weed free, including sidewalks, walkways, pedestrian paths, curbs and gutters along LMD frontages.

E. Vehicles/Contractor’s Personnel – All vehicles used by the Contractor must clearly display the firm's name and/or logo and comply with State of California Regulations. Any vehicles used for pesticide application must clearly display placards listing the pesticide being applied and the pesticide number. Placard must be visible to pedestrians and vehicles passing the area of application. All Contractor personnel shall wear appropriate personal protective equipment and identification badges, and safety vests shall be clearly marked with the company name.

F. The Contractor shall be expected to communicate with the Landscape Inspector throughout the month for remedial updates to service areas. The status of non-performance punch list items and expected completion date will be reviewed by the last week of each month. All non-performance punch lists are expected to be completed by the first week of the subsequent month, unless previous arrangements are made with the City. Copies of the non- performance punch lists will be sent to the Contractor.

G. Emergency Numbers – The Contractor shall be readily available by telephone during work hours. This shall not be an answering machine. In addition, the Contractor shall provide the City of Vallejo with an emergency call out listing where he/she may be contacted after normal working hours, on weekends and holidays. Emergency calls may be considered as part of maintenance and shall not be considered as an Extra Work Order, unless damage was caused by natural damage or vandalism. The Contractor shall also supply the fax numbers for the business. It is highly desirable that the Contractor shall have available and reliable cell phone communication service.

3. Irrigation System
A. Throughout the term of this agreement the Contractor shall identify all leaking or malfunctioning irrigation systems beyond the water meter including but not limited to: main lines, lateral lines, sprinkler heads, valves, quick couplers; and irrigation controllers. Landscape Inspector shall be notified of cost estimate for repairs or replacements of all malfunctioning/damaged irrigation systems and components. Backflow prevention devices shall be the responsibility of the City.

B. Before beginning these maintenance program operations under the provisions of this agreement, the Contractor shall inspect all existing irrigation systems on the site(s) covered by this agreement and shall report damage or malfunction of any system to the Landscape Inspector. Immediately, Contractor shall perform all irrigation system checks and provide a written report with station numbers and controller names to the City within ninety (90) calendar days of execution of contract. Contractor shall provide a detailed estimate for all necessary repair work with the irrigation system check report. Contractor shall coordinate system checks with City Landscape Inspector and provide a detailed schedule for each site with forty-eight (48) hour notice to the inspector for starting inspections.

C. It is the City’s objective to actively pursue water conservation within the Region. The Contractor shall adhere to the irrigation specifications and closely monitor the irrigation system to prevent overspray onto paved areas and runoff down the gutters. Multiple repeat cycles shall be utilized to prevent runoff.

D. All irrigation controller stations shall be labeled by Contractor in an easy to read manner inside each controller box. Labeling shall include a description of the areas covered by each station. Contractor shall use City provided nomenclature when labeling each controller cabinet.

E. Contractor shall verify flow rates of each irrigation zone per irrigation controller per site and program the controller to reflect actual flow rates as determined in the field. Results of actual flow rate conditions shall be reported to the Landscape Inspector.

F. Flushing of systems and cleaning or replacement of all filters within irrigation systems is routine maintenance and will not be considered extra work. The Contractor shall flush the end of drip lines bi-annually to remove all dirt buildup.

H. Plant material exhibiting signs of wilting due to lack of water shall result in withholding of monthly payment until the problem is corrected. Manual watering will be required as necessary to regain plant vigor at no extra cost to the City.

I. The Contractor shall maintain all valve boxes and lids in good condition. This includes removal of any plant growth inside the boxes and removing any excessive dirt or debris from the inside of the box. Standing water in the valve boxes shall not be allowed to remain permanently. The Contractor shall also keep all boxes free from rodents and insects, at no cost to the City.

J. When replacing valve boxes, contractor shall label per the City of Vallejo standard specifications.

K. Programming of controllers shall be performed by the City with recommendations provided by the Contractor to maintain healthy growing plant material. Each month the Contractor shall provide the Landscape Inspector with a complete written schedule of watering for all controllers needing increased or decreased water needs.

L. Watering for overhead spray and rotors shall be between 9:00 PM and 7:30 AM.

There may be exceptions that occur from changing weather conditions or to accommodate a special event. Only drip irrigation may run during day times.

Irrigation schedules shall be coordinated with the Landscape Inspector.

M. All sprinklers shall be adjusted properly to avoid spraying water on parked cars, roadways, walkways, buildings, signs, fences and other property that may be damaged by water.

N. In the event of improper irrigation scheduling or maintenance, the City will contact the Contractor immediately to investigate and make needed changes.

O. The Contractor shall perform a complete system check of all controllers and valves, including coverage testing and sprinkler adjustments, no later than ninety (90) calendar days after contract start date and again bi-annually prior to start of the irrigation season and at the end or as directed by the Landscape Inspector. The contractor shall supply the City with a written report of every system as it is completed.

3.1. Water Requirements
A. The Contractor shall have full responsibility to ensure watering requirements are met within each landscape area. Contractor’s forces shall be capable of performing repairs, installations and modifications of existing irrigation systems to adequately irrigate all landscaped areas on a full-time basis.

B. The Contractor shall ensure that sprinkler heads are in good operational order, filters are cleaned regularly, and nozzles are replaced when worn or inadequate coverage occurs. Any minor changes such as riser extensions (vertically or horizontally), sprinkler head exchanges and filter replacements will be considered as an extra work item which will need to be approved by Landscape Inspector prior to repairs made for compensation.

C. All valves shall close completely at the conclusion of the station watering program. Weeping valves shall be immediately reported to Landscape Inspector. Valve boxes shall be kept clean of rocks, soil, debris and silt to a depth of two inches (2”) below the bottom of the valve assembly. All valve box lids shall be in place and locking bolts secured at all times.

3.2. Irrigation Repairs
A. The Contractor shall have a qualified irrigation technician check each irrigation controller and activate all stations on every controller each month. Adjustments shall be made at that time, as well as documenting repairs needed that shall adhere to City of Vallejo Standard Specifications and submitted to the Landscape Inspector.

B. Main lines shall not demonstrate leakage when all control valves are in the closed position. All irrigation system repairs, including vandalism, shall be completed within twenty-four (24) hours of approved extra work. If repairs cannot be accomplished within the designated time period, the Contractor shall notify the Landscape Inspector immediately of the condition and supply estimated time of when the repairs will be made.

C. The Contractor shall be responsible for watering the area of irrigation system failure by other means (hose, etc.) until repairs are completed. Upon approval Contractor shall replace all broke irrigation systems with the same brand and model. Any material substitution shall be approved by the City prior to installation.

3.3. Controllers
A. The City of Vallejo’s LMDs have several different irrigation controllers installed.

Each controller is unique to the landscape area where irrigation is applied.

Contractor shall become familiar with and have a full understanding and master the operational functions of each controller system.

B. The Contractor shall ensure employees are qualified to maintain and troubleshoot the Controller Systems. Contractor shall have hardware/software capable of making adjustments in the field remotely to the irrigation systems.

Contractor shall be responsible for notifying the City of needed repairs to irrigation controllers.

C. RainMaster, TBOS II, and WeatherTRAK controllers are utilized in the LMD.

D. Automatic controllers and electrical conductors shall be kept operational year- round. Controllers shall be inspected periodically, and controller cabinets shall be maintained clear of debris, nests, snails and insects.

3.4. Irrigation System Vandalism
The cost of parts and labor to replace stolen or vandalized portions of the irrigation system are considered an extra work item. Contractor is responsible for notifying these issues and locations to the City, so a report can be made to the Vallejo Police Department.

4. Water Management Program
A. City shall provide all the water and electricity necessary for the Contractor to perform the services except instances where excessive costs are incurred by the City due to water/electricity waste or negligence by the Contractor. If the City determines that excessive utility costs due to waste or negligence have occurred and are a result of Contractor's actions, the City may withhold from payment to Contractor those funds necessary to reimburse the City for these additional costs.

B. For any controller schedule not supplied by the 10th day of the current month by Contractor in any month, a Fifty Dollar ($50.00) penalty per controller per day will be assessed. Contractor shall have the penalty deducted from the monthly bill for the District financially responsible for that irrigation controller.

C. If there is a difference of opinion between the City and the Contractor as to the whether there has been waste due to the negligence of the Contractor, the opinion of the City shall prevail.

D. The Contractor shall meet with the City to discuss water management as requested.

E. A monthly irrigation “base schedule” is developed based upon current controller settings and the feedback of moisture probing results. Adjustments of controllers shall be made by City from recommendations by Contractor.

Once the Contractor has the correct run times for any given month, the starting "base schedule" is acquired. Adjustments to the "base schedule" shall occur throughout the month to accommodate changes in area use and/or environmental changes to individual sites.

4.1. Irrigation Schedule
A. Monthly the Contractor shall provide to the City a report of irrigation controller setting needs for the current month in electronic format. This report will include the following information:

1. All irrigation programs set on controllers.

2. Irrigation schedule start times for each irrigation program.

3. Irrigation run-days for each irrigation program.

4. Irrigation cycle length, in minutes for each station in irrigation program.

5. Number of repeat cycles for each station in an irrigation program.

B. All required scheduling and operation of the automatic irrigation controllers reflecting weather changes and water needs shall be covered under this Contract. Contractor shall recommend all adjustments and settings of automatic controllers to the City. All systems shall be programmed as needed to maintain plants in a healthy, vigorous condition. The irrigation controller program is to be sufficient to keep the plant material healthy without excessive water use. Valve areas appearing to be over or under watered are to be further tested by the contractor and as directed by the City. Soil probing shall be conducted to determine soil moisture levels for automated overhead irrigation circuits.

C. Reports shall be submitted by the 10 th of each month.

D. Evapotranspiration (E.T.) shall be incorporated into the settings of the irrigation controller computerized central programming.

5. Landscape Maintenance Standards

5.1. Turf Care
A. Mowing

1. Turf shall be mowed weekly during the growing season and as required during the winter months.

2. The height of cutting shall be maintained consistently to prevent scalping or burn. The mowing height shall be appropriate to the turf species. Turf shall not be mowed lower than two and a half inches (2½”) in height. Cut heights shall have an average maintained height of three (3”) to four inches (4”).

3. Grass clippings or debris caused by mowing or trimming shall be collected and removed from adjacent walks, streets, drives, gutters, and curbs or surfaces on the same day as mowed or trimmed. Nothing shall be allowed to stay in the vicinity of a storm water inlet/catch basin(s) nor be allowed to enter into any inlet, catch basin or body of water.

4. Mowing patterns shall be alternated each week to avoid creating ruts and compaction.

5. All mowed clippings shall be removed from the job site including any leaf debris blown onto structures, vehicles, or utilities on the same day.

Mowers and edgers shall be cleaned and maintained of all turf debris before working on City contracts to prevent contamination of the City turf from outside sources.

B. Edging

1. All lawn edges along sidewalks and curbs shall be edged before each mowing event.

2. Edging shall be performed with a blade type mechanical edger. The cut edge should appear as a clean, straight line.

3. A monofilament line trimmer shall be used to trim around obstacles within the lawn area. Care shall be taken to ensure that the bark of trees and shrubs are not damaged or stripped by the line trimmer.

4. Lawn sprinkler heads shall only be edged to allow for proper distribution of water.

5. A round tree well shall be maintained just beyond the drip line of newly planted trees to encompass all tree stakes and guys. Older established trees shall have their basin cleared twelve inches (12”) from the trunk and maintained.

6. Allowing the mower deck or string line trimmer to come in contact with the basal Region of the tree or any exposed storage root is not permitted. The Contractor shall be liable for any basal injury repairs.

7. Edges of lawns against all paved areas, around valve boxes, and other utilities shall be kept neatly edged.

C. Fertilization
Turf will require a regular schedule of maintenance based on turf health and needs. The City expects a healthy green appearance and an annual fertilizer program not to exceed an approximate four (4) applications annually of a slow release fertilizer. Failed applications must be followed by re-applications or hand removal of weeds as directed by the City. Any infestation of turf disease or insect infestations must be identified, controlled in a timely manner, and reported to the City.

D. Aeration
Annual service completed by October 31st. Prior to aerating, a forty-eight (48) hour notice shall be given to the City Landscape Inspector to verify work. A coring tine shall be used for aeration. Multiple passes shall be made with the aerating device to ensure that tine holes are no more than two and a half inches (2.5”) apart. Aerator tines shall sink at least three and a half inches (3.5”) deep.

Tine cores shall be raked and removed the same day as aeration.

E. Weed Control

1. All Landscaped areas shall be maintained for weeds, organic & inorganic litter. Cutting and removal of weeds will be directed by the City Landscape Inspector at the Contractors expense whenever a pre-emergence herbicide application has failed.

2. The City expects the Contractor to regularly monitor weed infestations in all LMD areas and take proactive action to remove weeds before they become an unsightly nuisance. Within landscaped areas, the Contractor shall remove unsightly weeds during their weekly landscape service. The Contractor can expect City punch list if a landscaped area does not meet the performance specification listed below.

3. Weeds are to be mechanically or chemically removed from walkways, walkway cracks, walkway/curb gutter expansion joints, pavers, along fence lines, etc.

4. It is the intention of the City not to allow weeds of smaller dimensions of three inches (3”) in height or diameter in the landscape. Weeds shall be manually removed by herbicide with green coloring.

5. "Rust" infestations may require a high calcium nitrate-based fertilizer in winter months to maintain good, green color. Contractor shall selectively apply chemicals to control weed grasses and broadleaf weeds such as, but not limited to, various broadleaves, Poa annua, and Digitaria species. Any infestation of turf disease or insect infestations must be identified, controlled in a timely manner, and reported to the City.

6. Sedimentation shall be regularly swept and not allowed to accumulate on utility covers or sidewalks. The Contractor’s inability to complete scheduled maintenance and service identified in these Specifications may be grounds for a non-refundable Two Hundred Fifty Dollar ($250.00) re-inspection fee each week the Contractor fails to meet the Specifications identified on the Maps.

F. Irrigation
Lawn irrigation shall be adjusted to cover and present the best appearance to ensure consistent healthy growing conditions. Irrigation maintenance shall be per “Section 3. Irrigation System” of these specifications.

5.2. Ground Cover
A. Pruning

1. Utilize herbicides or mechanical trimming to maintain a neat, attractive appearance year-round. The Contractor is expected to have in the Base Bid an effective IPM per “Section 7. IPM Program” of these specifications, to combat various infestations that are endemic and may occur in the ground covers.

2. All ground covers and shrubs in the City of Vallejo shall be routinely maintained one foot (1’) behind the back of cobble, curbs, pathways, roadways, medians, fences & sidewalks.

3. Low-growing shrubs designed in the landscape as ground covers classified as ‘Prostratus,’ ‘Horizontalis,’ ‘Compacta,’ etc. shall be neatly trimmed and routinely maintained at an attractive form and appearance.

4. Ground cover shall not be allowed to touch or cover crowns of shrubs and trees.

5. Any plants that are known to be subject to disease shall have diseased branches selectively pruned out. Contractor shall be responsible for the removal and disposal of damaged plant material.

B. Fertilization

1. During rainy season before the end of February, apply 16-6-8 or approved equal at two and a half (2.5) pounds actual nitrogen per one-thousand (1,000) square feet to ground cover.

2. Arctostaphylos and Rosa sp.: Each plant shall be given a handful of balanced fertilizer in November and in the final two (2) weeks of March each year, or as directed by the City.

3. Fertilizer is scheduled to be applied seasonally. Following the application, the ground shall be watered thoroughly to leach the nutrients through the root zone; forty-eight (48) hour prior notification to the City is required.

Caution: The Contractor shall prevent over watering which could result in hillside slumps, nutrient runoff to adjacent properties or water courses which in turn may lead to water pollution.

C. Weed Care

1. Landscaped areas shall be maintained for weeds, organic & inorganic litter.

Cutting and removal of weeds will be directed by the City Landscape Inspector at the Contractors expense whenever a pre-emergence herbicide application has failed.

2. The City expects the Contractor to regularly monitor weed infestations in all LMD areas and take proactive steps to remove weeds before they become an unsightly nuisance. Within landscaped areas, the Contractor shall remove unsightly weeds during their weekly landscape service. The Contractor can expect City punch list if a landscaped area does not meet the performance specification listed below.

3. Weeds are to be mechanically or chemically removed from walkways, walkway cracks, walkway/curb gutter expansion joints, pavers and along fence lines.

4. It is the intention of the city not to allow weeds of the smaller dimensions of three inches (3”) in height or diameter in the landscape. Weeds shall be manually removed by herbicide with green coloring.

5. Sedimentation shall be regularly swept and not allowed to accumulate on utility covers or sidewalks. The Contractor’s inability to complete scheduled maintenance and service identified in these Specifications may be grounds for a non-refundable Two Hundred Fifty Dollar ($250.00) re-inspection fee each week the Contractor fails to meet the Specifications identified on the Maps.

D. Irrigation
Irrigation shall be adjusted to cover and present the best appearance to ensure consistent healthy growing conditions. Irrigation maintenance shall be per “Section 3. Irrigation System” of these specifications.

5.3. Shrubs/Vines
A. Pruning

1. Shrubs and vines shall be pruned to maintain growth within space limitations, to maintain or enhance the natural growth habit, or to eliminate diseased or damaged growth. Some species shall be trimmed appropriately to influence flowering and fruiting, or to improve vigor.

2. Shrubs and vines must be trimmed as needed to permit unobstructed passage to residents or vehicles. Trimming near vehicular entry or exits shall be carried out to prevent line of sight restrictions.

3. Shrubs shall be pruned to conform to the design concept of the landscape.

Individual shrubs shall not be clipped into balled or boxed forms, except where specifically instructed.

4. Contractor shall prune all shrubs and hedges, including but not limited to, the removal of dead and/or broken branches, suckers or sprouts, branches that may hang over walkways, grow through fences or obscure roadway vision. Pruning shall be performed to have shrubs appear neat and orderly at all times.

5. Vines shall be pruned to control growth and direction, and shall not be allowed to grow over windows, doors or other structural features, unless directed by the City. Vines shall not be allowed to grow over the crowns of shrubs or trees.

6. The Contractor shall ensure that appropriate vehicle, tools and crews are available and correctly selected for the various vegetative maintenance tasks within these specifications. Pruning tools shall be kept sharp, clean and disease free. The Contractor shall have a regular (monthly) maintenance service cycle which identifies all dead shrubs or dead and broken branches that will be pruned and removed throughout the Region monthly.

7. The Contractor shall remove all tree and shrub trimmings from the maintenance site the same day of the pruning. At no time shall vegetation be allowed to cover or impede access or visibility of any cross street, utility service, vault or box, street sign, or electrifier.

B. Fertilization

1. All plant material in LMD require the addition of complete nutrients to promote good growth. Fertilizers shall be urea-based or labeled slow- release and contain nitrogen, phosphate and potash. No nutrients shall be allowed to spill onto walks or into drains. The following Specifications have been prepared to identify what type of nutrient treatment will occur. All nutrients submitted by Contractor must be approved by City prior to purchasing.

2. Most shrubs and vines should be fertilized annually. Plants that have reached maturity may not require annual fertilization.

3. All actively growing plants not yet at maturity shall be fertilized yearly during the months of February through March. Contractor shall apply an appropriate slow-release, long-lasting complete fertilizer, controlled- release fertilizer, or plant tablets at the manufacturer’s recommended application rate.

4. All plants shall be observed for signs of nutrient deficiencies and treated to correct deficiencies throughout the year. Nutrient deficiency shall be brought to the attention of the City and properly identified prior to treatment.

C. Weed Control

1. Landscaped areas are maintained for weeds, organic & inorganic litter.

Cutting and pick-up of weeds will be directed by the City Landscape Inspector at the Contractors expense whenever a pre-emergence herbicide application has failed.

2. The City expects the Contractor to regularly monitor weed infestations in all LMD areas and take proactive measures to remove weeds before they become an unsightly nuisance. Within landscaped areas, the Contractor shall remove unsightly weeds during their weekly landscape service. The Contractor can expect City punch list if a landscaped area does not meet the performance specification listed below.

3. Weeds are to be mechanically or chemically removed from walkways, walkway cracks, walkway/curb gutter expansion joints, pavers and along fence lines.

5. Sedimentation will be regularly swept and not allowed to accumulate on utility covers or sidewalks. The Contractor’s inability to complete scheduled maintenance and service identified in these Specifications may be grounds for a non-refundable Two Hundred Fifty Dollar ($250.00) re- inspection fee each week the Contractor fails to meet the Specifications identified on the Maps.

5.4. Trees
A. Pruning

1. All trees shall be regularly observed by a Certified Arborist. All tree pruning will be supervised by a Certified Arborist.

2. Pruning must be carried out to permit unobstructed passage to pedestrians and motor vehicles and to prevent sight restrictions near intersections. This means that branches shall be maintained to (10) feet above sidewalks and fourteen feet (14’) above traffic lanes aligned over the face of curb.

3. Mature tree policy – branching greater than three inches (3”) has been determined by the City to require hand or power saws for removal of limbs and requires specific shaping. This may be authorized by a Change Order.

4. Stripping of lower branches (“raising up”) of young trees shall not be permitted. Lower branches shall be retained in a “tipped back” or pinched condition with as much foliage as possible to promote trunk caliper. Lower branches should be cut off only after the tree is able to stand erect without staking or other support.

5. All trees shall be pruned to promote structural strength and to accentuate the natural form and features of the tree.

6. Thinning of certain species and individual specimens may be required to prevent wind damage. Suckers, water sprouts, rubbing and heavily laden branches shall be removed to provide less wind resistance.

7. All trees shall be allowed to grow to their natural genetic form and size, unless specifically noted by the Landscape Inspector.

8. Contractor shall perform inspections after every hard wind and/or rain storm to determine possible damage incurred and make
recommendations for care.

9. The following may be authorized by a Change Order: all trunks and limbs greater than three inches (3”) within the Public Right of Way and residences, leaning or broken due to wind, rain, vandalism, tree debris caused by storms or natural damage, etc. shall be properly pruned and picked up immediately.

10. The Contractor shall ensure that appropriate vehicle, tools and crews are available and correctly selected for the various vegetative maintenance tasks within these specifications. Pruning tools shall be kept sharp, clean and disease free. The Contractor will have a regular (monthly) maintenance service cycle which identifies all dead trees or dead and broken branches that will be pruned and removed throughout the Region.

11. The Contractor shall remove all tree and shrub trimmings from the maintenance site the same day of the pruning. At no time shall vegetation be allowed to cover or impede access or visibility of any cross street, utility service, vault or box, street sign, or electrifier.

B. Staking
The Contractor shall remove staking that has been attached to a tree for three (3) years or more. Stakes shall be inspected, especially after wind and/or rain storms. Stakes and ties shall be in good repair, replaced and maintained in-line at the Contractor’s cost.

C. Fertilizing

1. Shade trees up to a three-inch (3”) caliper shall be fertilized as directed by the City, with an 8-10-10 fertilizer containing micro-elements or equivalent at the rate of one (1) pound per caliper inch of trunk diameter at breast height (DBH).

2. Palm trees shall be fertilized utilizing a 13-3-13 fertilizer containing microelements or equivalent at the rate of one (1) to five (5) pounds per palm, dependent on the truck diameter, generally one-half (½) pounds per inch of trunk diameter as directed by the City.

D. Disease/Pests

1. Monitor any tree for disease or insect infestations – the Contractor shall be expected to provide an advisor’s recommendation should tree health be observed as adverse.

2. Pest control – the Contractor shall identify pests and contact the City before proceeding with any chemical application. The City may authorize this work to combat an infection on any identified tree(s) by issuance of a Change Order.

3. Insect control shall be provided for insects identified by the Contractor or City staff as problematic and shall be treated as needed upon approval of the City. Some specific insects to be controlled include but are not limited to aphids, scale, white fly, thrips, spider mites, and scale.

4. All damaged, dead or diseased limbs resulting from weather or pests shall be removed immediately.

5.5. General Pruning Requirements
A. During mid-fall season, at the onset of cold weather, Contractor shall hedge/prune all trees, shrubs and ground cover, one-foot (1’) behind sidewalks, streets, medians, fences and shall provide a one-foot (1’) clearance around all utilities. Contractor shall maintain the clearance behind the curb, walkway or utility infrastructure encroachment throughout the year.

Contractor shall not begin new hedging on any shrubs unless directed by the City. Refer to Contract for any specific scheduling not mentioned in these Specifications. Any shrub areas which are determined by the City to exhibit poor pruning practices with unsightly visible stubbing will result in re-trimming at the Contractors expense. Listed are Special Instructions, which the Contractor will be required to perform:

B. Damaged growth from vehicular incident damage in medians or behind the curb shall be pinched back and pruned to shape new growth. Ground covers, shrubs and trees shall be kept back three feet (3’) from all utilities. Utilities include but are not limited to: fire hydrants, PG&E vaults, manhole covers, telephone or cable TV cabinets, and specific drainage improvements. Areas that are public open space and not formal landscaped areas with utility structures, utility road access and debris flow corridors shall be maintained free of weeds and vegetation in excess of two inches (2”) in height for at least twenty feet (20’) back from the street or sidewalk and two feet (2’) clearance along any fences.

C. Fencing – Contractor shall annually inspect fencing and shall establish a two- foot (2’) pathway and prune any vegetation which has grown into any private fence originating from public property. Hold all shrubbery back from the Fence line by directional pruning or plant growth regulators.

D. Streets – Standard for visual traffic safety, the height shall not exceed three feet (3’) as measured from pavement at the stop sign or corner of the cross traffic. Prune all landscapes at street intersections. Eliminate vehicular line of sight obstructions in all directions for the distances indicated below:

Type of Intersection Site Distance
Residential streets 200 feet
Collector streets 250 feet
Arterial streets 350 feet
E. Distance adjustments for these specifications will be made for medians, slopes, and curves.

F. Mature Landscaping – Foliage in landscaping areas, medians, intersections, planting strips, or other maintained areas determined by the City to require more than normal pruning will be identified and maintained at no extra cost, including but not limited to special shaping, view corridor, hard pruning of large plants. The Contractor shall not remove any living tree or shrub without consent from the City.

5.6. Hardscape
A. Cobbled Medians and Streets – Annually during the term of the Contract, the Contractor shall keep all mortared cobble and stamped concrete in the medians, and any other cobbled areas neat and clean in appearance.

B. Decomposed Granite – Contractor is responsible for identifying areas that need repair due to erosion, low spots and natural run off. Repairs are considered a Change Order, Contractor shall verify color and estimate with the Landscape Inspector before installation. Decomposed granite installation shall be to grade, compact, and stabilizer shall be used per manufacturer’s specifications.

C. Signs – Contractor shall immediately contact the City any time that a political sign shows up in the LMD. The City shall provide directions on how the political sign is to be treated. The Contractor shall remove all other signs and stakes identified in public areas.

D. Irrigation controller boxes and utility boxes that pertain to landscaping services shall be painted green and cleaned during the term of the Contract. The Contractor shall repaint any vandalized controller cabinet immediately after any graffiti appears on the cabinet. Stainless steel cabinets should also be cleaned with graffiti remover.

E. Paved sidewalks, medians, bike-paths and patio areas shall be swept or blown off with a power blower on a weekly basis.

5.7. Litter Removal/Debris
A. Objects that are unsightly or present obstacles to mowing and other grounds maintenance operations, including but not limited to: rocks in lawn areas, wind and storm damage items; paper, glass, trash, or debris deposited or blown onto the sites, palm fronds and tree limbs; and illegally posted signs within the Public Right of Way, are to be removed at Contractor’s expense.

B. Litter removal from turf areas and plant beds and designated Right of Way areas shall be completed prior to each mowing operation in the same day.

C. The City reserves the right to request debris removal services upon findings of noncompliance.

D.Trash Pick-up – Trash and debris (including cigarette butts) shall be picked up daily each week. Mondays and Fridays are considered exceptionally heavy, and special attention is to be set on major roadways, thoroughfares and highly traffic areas.

E. Parking Lots require daily service for the removal of trash and leaf litter in and around planters, curbs, gutters, parking stalls, sidewalks, etc.

6. Weed Control Standards for Open Space Areas
GENERAL – Vallejo Fire Department Fire Prevention Division Weed Abatement Guidelines are included in these specifications.

SCOPE – This guideline is necessary to provide fire control points and to create or maintain a defensible space around buildings and property lines. Creating defensible space will help minimize fire damage and provide a space or fuel break where firefighters can defend against fire.

CODES AND STANDARDS – Weeds, grass, vines and other growth that are capable of endangering property shall be cut down and removed by the Contractor. Vegetation clearance requirements in the wild land-urban interface areas shall be in accordance with CFC Chapter 49, CFC Section 304.1.2: Vegetation and Title 19, Division 1§307(b): Clearances.

A. Abatement Criteria
Parcels five (5) acres or less must have all combustible growth cut and removed.

A defensible space of thirty (30’) to one-hundred feet (100’) depending on grade and other factors, around all structures, either man-made or natural, in which material is capable of allowing fire to spread unchecked, must be cleared, treated or modified to slow the rate and intensity of an approaching fire.

Roadways, driveways and Fire Department access roads shall be cleared of combustible vegetation equal to the width of the road plus ten feet (10’) on both sides. The contractor must also mitigate any additional fire hazard(s) that are determined by the City's Fire Chief.

Mowing is acceptable. These areas would include but are not limited to biologically sensitive areas or habitats.

Mowing with a tractor is sometimes impractical due to terrain. Mowing with a handheld weed-eater is acceptable and referred to as "handwork." In some cases, use of goats and sheep are acceptable abatement practices.

If the Contractor notices the existence of rare, threatened or endangered plants or wildlife on City property, Contractor must notify the City, Department of Fish and Game, or the appropriate agency at least ten (10) days in advance of undertaking the vegetation clearance. If the Contractor is aware of any State or Federally-listed species on the property, then the City, U.S. Fish and Wildlife Service and the Department of Fish and Game should be notified prior to abatement. If a State or Federal candidate or listed species is killed, injured or captured, the Contractor shall report this information to the City, Department of Fish and Game or U.S. Fish and Wildlife Service respectfully.

Safety Reminder

1. When mowing weeds, it is imperative to work safely. One small spark from a mower blade hitting a rock can result in fire. All mowing should be completed as early in the morning as possible, while temperatures are low, humidity is high, and grasses are still damp with dew. When mowing always have water, a fire extinguisher and pointed shovel handy. Mow early and often.

FIGURE 1
Defensible Space Zones
Minimum Minimum Minimum
30’ x 30’ x 30’ x 30’ 30’ x 30’ x 30’ x 50’ 50’ x 50’ x 50’ x 100’

Down Slope Down Slope Down Slope
Level 0-10% Moderate Slope 11-30% Steep Slope Greater than 30%

2. The Contractor shall be responsible to cut, trim, or apply herbicides to grasses and broad leaf weeds as directed. Weed height control zones are shown in the attached Maps. Open Spaces shall be cut and maintained to a height of approximately six inches (6”) or less throughout the fire season as defined above. This Contract specifies that the Contractor will provide continuous control of all identified noxious summer broad and narrow leaf weed height for fire safety suppression. All long cutting in excess of three inches (3”) left on the ground and determined by the City to be a fire hazard, may be required to be picked up and removed off-site for disposal. All Open Space areas shall be included in a weekly trash pickup program.

3. The City is seeking to establish narrow grass plant communities in the weed height control zones and eliminate noxious weeds such as thistles, artichoke, etc. and still maintain erosion control. The Contractor could expect new plant communities which will receive treatments which shall enhance cover reproduction.

4. While fire season is in effect, these areas will receive weed height suppression only. Required Regulatory Compliance, the Contractor shall be cognizant of

the designated California Department of Forestry start date for "Fire Season" as well as "City of Vallejo Fire Department Standards for Completed Weed Abatement Work" as supplied by the City of Vallejo Fire Department, Weed Abatement Code Enforcement Officer. The Contractor, after five (5) calendar days of the start of Fire Season, shall have completed all weed cutting in the Open Spaces. The fire season for the City of Vallejo officially begins May 1st of each year unless CDF or USFS declare Fire Season to be officially opened prior to that date. If the Contractor fails to comply with this requirement, the City reserves the right and shall have the work done at the Contractor’s expense.

Total Abatement costs for cuttings, mowing and hauling will be deducted from the Contractor's future regular monthly payments.

5. Pre-emergence of the ground to control plants on weed height control zones is not permitted without approval by the City. Indiscriminate ground sterilization by the application of herbicides in any Open Space may constitute forfeiture of monthly payments until recovery of a well-rooted population. Where slopes have been stripped and sterilized of a rooting population by the Contractor, Contractor shall provide ongoing erosion control measures per City Specifications at no expense to the City.

6. The Contractor will start planning the weed height control program in the month of December. This Open Space weed height control program will be presented to the City for approval by January 15th. The January payment will be withheld if the Contractor fails to meet or provide in writing to the City the Open Space weed height control program for the coming fire season.

7. Asphalt pathways and trails identified on the Maps will receive a one-foot (1’) wide, weed free, height control zone on each side of the four foot (4’) wide trail.

The asphalt portion of the trail shall be weed free within the pavement cracking.

8. Only edge the weeds next to structures such as V-ditches, culverts, sub-drain outlets, rock dissipater, catch basins, etc.

9. Mechanical control of weed height may be performed in lieu of chemical control with authorization by the City. The Contractor will obtain approval from the City before utilizing heavy equipment to perform flail mowing, rotary mowing, and other generally approved mowing methods.

10.Develop a pre-emergence program for all landscaped areas and fence lines abutting the LMD.

11.The Contractor’s inability to complete scheduled fire prevention service identified in these Specifications may be grounds for a Two Hundred Fifty Dollar ($250.00) non-refundable re-inspection fee each week the Contractor fails to meet the Specifications identified on the Maps.

7. Integrated Pest Management Program (IPM)
A. The Contractor shall be licensed as a Pest Control Advisor or list a subcontractor licensed specialist to legally plan the annual Weed Height Control program and identify any pest management problems which may arise in the District.

B. The Contractor shall be familiar with various Integrated Pest Management (IPM) programs and is required to develop an IPM plan to effectively eradicate any diseases or pests which develop during the duration of this Contract.

C. The development and application of chemicals for the IPM program shall be the responsibility of the Contractor and will not be considered an Extra Work Order.

The City may, on demand, review all labels, licenses, certificates, categories, permits, or recommendations before chemicals are applied.

D. The written IPM plan and a label and Material Safety Data Sheets (MSDS) binder must be submitted each Contract year to the City for each pesticide to be used in any Region by January 1 st. These items must be submitted to the City prior to commencement of initial contract or renewal for optional year extension.

E. Pest control methods may include but are not necessarily limited to the following:

1. Pre-emergent herbicide applications

2. Post-emergent herbicide applications

3. Mechanical cultivation and disposal

4. String line trimming or mowing

5. Chemical growth regulators

6. Tree injection

7. Aquatic herbicide applications

8. Traps

9. Pre-bait and poison bait techniques

10.Debris or food source removal

11.Water jetting

12.Insecticide, fungicide, or other pesticide applications

13.Verdant and dormant spraying

14.Management of vector, host, predator, or grazing populations

15.Repeated control methods as necessary

16.Poison gas or fog applications
F. Chemical Sterilant – presently, City staff evaluates the use of certain pre-emergent chemicals within the LMD. It is the City’s intention at this time to restrict the use of Simazine or any pre-emergence which mimic’s Simazine to strictly crack and crevice work in the street unless otherwise approved by the City.

G. The Contractor shall be expected to provide a year-round control program for the control of snail and slug populations, specifically applications to ground covers along residential fence lines. It is unacceptable to find populations of these pests building up within ivy and other ground covers, inside of valve boxes, on structures, or within the canopy of plant material at any time of the year.

H. Pre-Emergent

1. Pre-emergent must receive 0.511 of rain or be watered within ten (10) days of application.

2. Areas seeded with wild-flowers shall be identified by the City and shall not be treated with pre-emergent herbicide.

I. Post-Emergent

1. All areas shall be kept free of weeds. Chemical and/or mechanical means may be used as appropriate. If any weeding is not performed, maintenance will be considered unsatisfactory.

2. Before applying herbicides, the type of weed shall be identified, and the control selected accordingly, using the most effective control for the species, the location and the season.

3. Weeds shall not be allowed to grow in paved areas such as driveways, walks, curbs, gutters, etc. Weeds may be removed manually or sprayed with an herbicide. Dead weeds shall be removed from the paved areas.

4. Contractor shall provide the labeling (MSDS) for each herbicide proposed before the product is applied.

5. Post-emergent shall be sprayed at the manufacturer’s recommended rates.

6. Weeds shall be controlled in turf areas. Mowing is not an acceptable method for weed control.

J. Policy – as an integral part of this program, the City shall require all employees, developers and contractors doing City work requiring the use of pesticides, herbicides and fertilizers to submit to the City: 1) a copy of MSDS for the proposed chemicals, 2) a use report, and 3) the location of application. The aforementioned will also be required to comply with City of Vallejo Pesticide Treatment Posting and Notification Policy (Attachment D). City of Vallejo will establish an IPM Coordinator as the central point of contact and record keeper for the IPM Program.

8. Trail and Pathways

8.1. Year-round, concrete, asphalt, gravel, and decomposed granite pathways shall be kept weed and vegetation free. Each side of the path shall have a one-foot clearance of weeds and vegetation.

8.2. Year-round, trails shall be kept weed and vegetation free at four (4) feet wide. On a quarterly basis, pathways and trails will be inspected for safety and function of:
surface conditions, signage, bollard placement, head-height clearance, erosion, fencing, gates and locks.

9. Inspections, Defaults and Payment
A. For landscape maintenance services not completed as scheduled, the City will withhold the monthly invoice and may charge a Two Hundred Fifty Dollar ($250.00) non-refundable re-inspection fee to the Contractor. The withheld payment minus the re-inspection fee will be released upon satisfactory completion of the landscape maintenance service.

B. Before award of the contract, the Contractor and City shall meet to discuss schedule of services, calendar, IPM Program and weed height control program. It is the Contractor's responsibility to ensure that management, supervision, sufficient labor, equipment, and materials are estimated, planned and scheduled for the Region. The Contractor, through his/her General Superintendent, is expected to coordinate the efforts of maintenance operations and personnel to provide the best long-term benefit to the LMD.

9.1. Inspections
i. The City shall evaluate landscape services performed in the LMD on a regular basis. The City does not give ongoing supervision to the Contractor’s forces.

The Contractor’s Area Manager shall monitor the work and provide direction to the work force in the LMD.
ii. The City and the Contractor’s Manager shall meet on a weekly basis to ensure the LMD is in compliance and provide the services necessary to complete the maintenance tasks described in these specifications.
iii. The Contractor will be required to accompany the Landscape Inspector or other City representative in person on a monthly drive-through inspection for contract compliance which may generate a punch list. The Contractor is also expected to take notes during such inspections. Notes will be made with reference to current maps.
iv. The Contractor shall be responsible to notify the City that the LMD is ready to begin the following three specific final inspections at the end of this Contract.

The end of contract inspection will be held on June 16 or by the first of the month. Monthly payments shall be held in full for noncompliance on any of these inspections.
90 Day - The City could request the contractor to conduct an Irrigation main line test for ruptures or leakage. The Contractor will report any leaks and shall make necessary repairs. No visible leaks shall be accepted. Cutting and pick- up of weeds and application of a pre- and post-emergence herbicide will be required whenever a previously scheduled pre-emergence herbicide application has failed. Dead shrubs and trimming shall be in compliance with these specifications. Progress on all remedial actions will be evaluated prior to approval of monthly payments. The City will work with the Contractor to ensure they are in compliance.
60 Day - Provide a PCA recommendation and apply a post emergent systemic herbicide on weeds remaining for areas, determined by the Landscape Inspector, which have completely failed in the contractors IPM program. This will be required whenever a pre-emergence herbicide application has failed within this contract and the landscape is unacceptable. Progress on all remedial actions will be evaluated prior to approval of monthly payments. The City will work with the Contractor to ensure they are in compliance. 30 Day - Final acceptance walk-through to inspect and evaluate the condition of the Region for incumbent contractor extension or contractor turnover. A final punch list may be provided to the Contractor to be completed by end of Contract date.

Contractor Transition: Upon the expiration of this Contract all remaining items on any punch list shall be deducted from the final billing and will be completed by the incoming Contractor.
v. No Change Order/Extra Work will be performed by the regularly assigned maintenance personnel.

9.2. Defaults, Diligent Prosecution of Work, Termination of Contract for Failure to Prosecute Work Diligently
i. As a material part of this Contract, the Contractor shall diligently prosecute and complete all described items of work specified herein. In the event the City determines that the work is not being completed with diligence, as evidenced by the LMD not being maintained in accordance with these Specifications herein or otherwise, the City shall inform the Contractor in writing of the specific area of deficiency within the LMD. The Contractor thereafter shall have ten (10) calendar days in which to comply with the City's deficiency letter. ii. In the event the Contractor does not complete the deficient work by the assigned date and evidence of non-compliance within the written Contract exists, the Contractor shall be recommended to the Director of Public Works for immediate termination of the Contract, or if there is compliance but thereafter, the work in the future is again not performed diligently, the City will immediately take the above written steps to terminate the Contract for cause.

The City shall give written notification for extending or termination of the contract on or before April 1st of each year.
iii. Replacements and Additional Maintenance to be included – the following items listed will clarify other landscape maintenance and material requirements which may not be included elsewhere in these Specifications:

Warranty – Plant materials damaged due to the Contractor's maintenance practices or non-performance of services shall be replaced with like material at no cost to the City. Upon notification from the City, replacements shall follow Section 5 of the City of Vallejo Standard Specifications. Replacement plant stock shall be inspected by the City prior to planting to verify proper sizing, healthy rooting, and vigor.

10. Schedule of Landscaping Maintenance Services
A. Upon award of contract, the maintenance Contractor is required to provide a detailed twelve (12) month calendar indicating the proposed work schedule prior to July 1 of each award year. The calendar must include, but is not limited to, details of the following: fertilization, aeration, tree trimming, mulching, painting of controllers, etc. The City may change requirements as based upon seasonal or other considerations. The calendar must detail the minimum typical monthly Schedule of Landscape Services.

B. The schedule on pages D-27 through D-30 are a suggested guide for reference, please refer to the standards in this contract for timeline requirements.

10.1. Schedule:

July
1) Continue maintaining ground covers away from fences and other features. 2) Continue maintaining line of sight obstruction at street intersections. 3) Continue maintaining vegetation along medians, streets, sidewalks, retaining walls, etc.

August
1) Continue completing maintenance care per Specifications. 2) Begin cutting out spent blossom spikes on shrubs such as Agapanthus, Echium, Moraea, Hemerocallis, Tulbaghia, Roses, etc. This is to be a weekly task to be carried out throughout the winter until spent blossom spikes subside. 3) Continue edging vegetation along medians, streets, sidewalks, retaining walls, etc.
4) Continue pruning vegetation for line of sight obstruction at street intersections.

September
1) Continue completing maintenance care per Specifications. 2) Continue pruning vegetation for line of sight obstruction at street intersections. 3) If identified on the Maps start to prune trees.
4) Continue maintenance of all v-ditches and compact soil along edges to prevent water access to beneath v-ditch.
5) Warrantee replacement plant list determined by the City.

October
1) Continue completing maintenance care per specifications. 2) Continue pruning trees, as in September.
3) Complete and check to be sure all appropriate shrubs and ground covers have been trimmed, edged, and sprayed to maintain desired shape through winter months.
4) Maintain drain grates, culverts, drainage ditches, and catch basins to be sure they are clear of all debris and vegetation.
5) Per the Specifications, continue maintenance leaf litter removal program along gutters, landscape frontages, medians, sidewalks, planter beds, and beneath identified plant canopies.
6) Begin warrantee plant replacement program.

November
1) Continue maintenance care per Specifications, specifically leaf litter removal program along gutters, landscape frontages, median, sidewalks, planter beds, and beneath identified plant canopies.
2) Maintain drain grates, culverts, drainage ditches, and catch basins to be sure they are clear of all debris and vegetation.
3) Complete warrantee replacement plantings.

December
1) Continue completing maintenance care per Specifications, specifically leaf litter removal program along gutters, landscape frontages, median, sidewalks, planter beds, and beneath identified plant canopies. This is to be as specified and completed throughout the fall and winter until leaf drop subsides. 2) Meet with the City to establish a program for weed control in Open Space areas for the following calendar year.
3) Continue weekly leaf litter removal in all areas.
4) Maintain drain grates, culverts, drainage ditches, and catch basins to be sure they are clear of all debris and vegetation as well as stamped concrete and entrance Monuments.
5) Power wash cobble, stamped concrete and entrance monuments.

January
1) Continue completing maintenance care per Specifications, specifically leaf litter removal program along gutters, landscape frontages, median, sidewalks, planter beds, and beneath identified plant canopies.
2) Continue to maintain drain grates, culverts, drainage ditches, and catch basins to be sure they are clear of all debris and vegetation.

February
1) Continue completing maintenance care per Specifications. 2) Complete fertilizer application required for all sites. Refer to Section 5, Landscape Maintenance Standards.
3) Continue pruning of landscapes.
4) Tip back Salvia greggii and all other irregularly shaped shrubs. 5) Continue maintenance of drain grates, culverts, drainage ditches, and catch basins to be sure they are clear of all debris and vegetation.

March
1) Continue maintenance care per Specifications. Fertilize all Rose species in final two (2) weeks of this month (Inspection required).
2) Continue pruning vegetation for line of site obstruction at street intersections. 3) Continue edging vegetation along medians, sidewalks, retaining walls, etc. 4) Continue vigorous regime of snail control.
5) Complete dormant pruning of trees, shrubs, and vines. 6) Continue to maintain drain grates, culverts, drainage ditches, and catch basins to be sure they are clear of all debris and vegetation.

April
1) Continue completing maintenance care per Specifications. 2) Continue pruning vegetation for line of site obstructions at street intersections. 3) Continue to check for aphid and other infestations in shrubs, ground covers, and trees.
4) Contractor shall have completed firebreaks in Open Spaces. All Open Spaces are chemically treated or cut for April payment.
5) Continue maintenance of drain grates, culverts, drainage ditches, and catch basins to be sure they are clear of all debris and vegetation.

May
1) Continue completing maintenance care per Specifications. 2) Complete all deficient grass and weed height control areas. Be aware, Fire Season has started for the City of Vallejo and additional cutting may be warranted for the remainder of the dry season, per Specification. 3) Continue edging vegetation along medians, streets, sidewalks, retaining walls, etc.
4) Continue pruning vegetation for line of sight obstruction at street intersections. 5) Continue pruning vegetation for line of sight.
6) Provide a PCA recommendation and apply a post-emergent systemic herbicide on weeds remaining for areas determined by the Landscape Inspector which have completely failed in the Contractors IPM program. This will be required whenever a pre-emergence herbicide application has failed within this contract and the landscape is unacceptable. Progress on all remedial actions will be evaluated prior to approval of monthly payments.

June
1) Continue completing maintenance care per Specifications. 2) Summer watering irrigation controller program completed. 3) Complete pruning vegetation for line of sight obstruction at street intersections. 4) Complete edging vegetation along medians, streets, sidewalks, retaining walls, etc.

Inspection: Final acceptance walk-through to inspect and evaluate the condition of the LMD for incumbent contractor extension and contractor turnover. A final punch list may be provided to the Contractor to be completed by end of Contract date, June 30th.

REGION 3 LANDSCAPE MAINTENANCE DISTRICT (LMD) LOCATIONS The following areas are found within the Region Three: MONICA PLACE, WOODRIDGE,

HUNTER RANCH ONE/TWO AND HUNTER RANCH THREE, SOMERSET
HIGHLANDS THREE, RIDGECREST, and SUMMIT II. The written descriptions of the locations within Region 3 are given as an aid to the contractor to locate the landscaped and firebreak areas. Maps enclosed within this contract are the leading document and, as such, will be the document used by the Landscape Manager and Inspectors to verify completion of work within each LMD. The following duties are a brief description of typical work the contractor is responsible for, but not necessarily limited to:
1) Monica Place
A. Along each side of the intersection of Monica Place at Masonic Drive then from the gutter lip each side of Masonic and the weed height control zone along the wood fence to the intersection of Masonic at Parkhaven Drive; including the drain cover and drain culvert back of curb.
2) Woodridge
A. On the north side of Tennessee Street behind Lain Court with access in the school parking lot:

1. Maintain trees, shrubs and succulent perennials.

2. Clear v-ditch and catch basin.

B. The center median of Oakwood and Tennessee, the easement directly west of the median island behind the homes of Bridge Court, and the easement to the east behind the homes of Woodridge Place:

1. Maintain the trees, shrubs, and succulent perennials.

2. Clear v-ditch and catch basin.

C. The easement off of Evergreen Way on the south side bounded by the rear yard fences of Curtis and Springbrook:

1. Maintain trees, shrubs and succulent perennials.

2. Clear utility boxes, v-ditch and catch basin.

D. The easement open space up slope of Evergreen and behind Parkhaven Court and down slope of the Masonic Temple:

1. Maintain trees, shrubs and succulent perennials.

2. Clear v-ditch and catch basin.

E. The open space between Masonic Drive and Oakwood just south of Justin Court:

1. Maintain trees, shrubs and succulent perennials.

2. Clear v-ditch and catch basin.

F. The open space above Woodson Way and below Bluebird and Robin Courts with access through the flag lot driveway on Woodson:

1. Maintain trees, shrubs and succulent perennials.

2. Clear v-ditch and catch basin.

G. The rear slope of Wood Court, Skyline Drive, and Masonic Court above Blue Rock Springs corridor including the Eucalyptus grove:

1. Maintain trees, shrubs and succulent perennials.

2. Clear v-ditch and catch basin.

H. The slope behind Creekview Drive, Glenview Circle, and the open space entrance to the rear slope and frontage along the creek behind the private frontage road along Redwood:

1. Maintain trees, shrubs and succulent perennials
3) Hunter Ranch One and Two
A. Along the south side of Sterling from the sound wall at Ascot Parkway to the curve at Legend Circle:

1. Maintain trees, shrubs and perennial ground cover.

2. The bark top dressed landscape at the corner of Sterling and Ascot Parkway.

B. The north and south sides of each crossing of Clydesdale, Pacer, and Dapple including the open spaces between each street crossing to Redwood Parkway behind the fence line (PG&E / LMD
easements):

1. Maintain trees and shrubs

2. Clear v-ditches and catch basins
C. The landscaping strip on the east and west side of the intersection of Doncaster and Redwood Parkway:

1. Maintain trees and shrubs.

2. Edge/clear around all utilities; including fire hydrants and backflows.

3. Hunter Court along Turner Parkway from Foothill west towards Admiral Callaghan Lane
4) Hunter Ranch Three
A. Along the west side of Ascot Parkway beginning at the south end of the sound wall at Sterling Drive going north to the intersection of Redwood Parkway. The landscaped slope and strips along the north side of Redwood Parkway from Ascot Parkway going west to almost Doncaster Drive:

1. Weekly trash pick-up.

2.Only two-times a year clean-up is done at the beginning of every December and June : trim/raise trees, prune shrubs and perennial ground cover, remove weeds and
volunteers/suckers and debris, edge/clear around all utilities; including fire hydrants and backflows, etc.
5) Somerset Highlands Three
A. Ascot Parkway, beginning at Columbus Parkway to south of Hawkesbury Court. Along the west side of Columbus Parkway; north and south of Ascot Parkway to the end of the sound walls/fencing:

1. Maintain ground cover, shrubs and trees.

2. Edge/clear around all utilities; including fire hydrants and backflows
B. Interior slopes behind the residences of Locust & Birkdale Drives, Turnberry and Lytham Ways and Doral Court:

1. Weed height control zone.

2. Maintain concrete lined v-ditch.
6) Summit II
A. On Locust Drive west of Ken Court, between the back of sidewalk to the top of the knoll & located on both sides of the PG&E line crossing.

On Sunrise Way and Hillview Drive behind the residences & beneath the power lines:

1. Weed height control zone

2. Maintain concrete lined v-ditch
B. Interior slopes behind the residences of Locust & Birkdale Drives, Turnberry and Lytham Way and Doral Court:

1. Weed height control zone.

2.Maintain concrete lined v-ditch.
7) Ridgecrest
A. Maintain ornamental, landscaping, ornamental with
firebreak, firebreaks and V-ditch located around, between and behind Goheen Circle, Goheen Court, Woodvale
Court, Woodvale Street, Hale Street, Clayton Court, and Delgado Court.

B. Access gate locations; on Skyline Drive between Goheen Circle and Bluebird Court; on Woodvale Street between
Woodson Way and Hale Street; on Woodvale Court
between #109 and #100

EXHIBIT B

COMPENSATION

1. Contractor’s Compensation.

A. Services: City agrees to pay Contractor, at the rate(s) specified below, for those services set forth in Exhibit A of this Agreement and for all authorized reimbursable expenses, for a total not to exceed Six Hundred Forty-Five Thousand One Hundred Seventy- Nine Dollars and Zero Cents ($645,179.00)

2. Appropriate Billable Hourly Rates for Services and Additional Services.

Contractor’s billable hourly rates shall be as listed in Attachment 1 of Exhibit B, attached hereto and incorporated herein by this reference.

3. Measurement and Payments
A. Claims Against the Contractor – The LMM may withhold from any INVOICE due the Contractor, a sum sufficient to protect the City from loss on account of (1) Claims filed or reasonable evidence indicating probable filing of claims; (2) Defective work not remedied; (3) Failure of Contractor to make payments properly to subcontractors or for material or labor; (4) A reasonable doubt that the contract can be completed for the balance then unpaid; (5) Damage to another Contractor on the project, which amounts withheld will be paid upon removal of grounds for withholding payment; or (6) Any other reason specified in the contract as grounds for withholding such payments.

B. Contractor Claims Against the City – Effective January 1, 1991, the California Legislature has enacted a requirement that all contract claims of Three Hundred Seventy-Five Thousand Dollars ($375,000.00) or less on local government public works contracts must be submitted to mediation and judicial arbitration. Article 1.5 (Sections 20104 through 20104.8, inclusive) of Chapter 1 of Part 3 of the Public Contract Code concerning Resolution of Construction Claims, is hereby incorporated into this agreement.

C. Force Account Payment – Work requiring force account payment shall be made as specified in the Standard Specifications.

D. Vandalism Repairs – Vandalism incidents are to be reported to the City and a Work Order will be issued to authorize the repair. If the damage creates an immediate public hazard, the Contractor shall take immediate actions to safeguard the public and/or City property. The Contractor shall immediately contact the City for authorization to be reimbursed. The Contractor shall use personnel available to make the necessary repairs and make the area safe for the public. Provide all commercial invoicing for materials, which shall include unit prices and total cost plus fifteen percent (15%) for coordination and overhead to the Contractor. Include total for labor at pursuant to the rates agreed upon with the City.

E. Monthly Payments – The City will make monthly payments to the Contractor for landscape service completed within the Region for the previous month. The invoice may not be submitted until all items on the calendar of events have been completed in “Exhibit A, Section D, 10. Schedule of Landscaping and Irrigation Maintenance Services." The Contractor's representative and the Landscape Inspector may negotiate a change in the monthly schedule based upon seasonal impacts. This revision to services must be agreed upon prior to any billing.

The monthly payment invoice shall be submitted and shall clearly identify the Contractor, mailing address, California Contractor's license number, business phone number, fax number, invoice number, and billing date. The invoice will be totaled and shall match the Bid Sheet. The invoice may not be submitted until after the first day of the subsequent month of service.

All invoices and request for payment shall be submitted to:

[email protected]
Should the landscape maintenance service not meet the Specifications in “Section D – Special Provisions” and is deemed unsatisfactory, the Contractor's invoice will be held by the City. No further payments will be authorized until the Region is brought into compliance. If two (2) consecutive monthly invoices are withheld and a Two Hundred Fifty Dollar ($250.00) re-inspection fee has been deducted because the LMM deems that the Region is being maintained in an unsatisfactory condition, the City may implement default procedures outlined in these Specifications, see “Exhibit A, Section D. 9. Inspections, Defaults and Payment.” F. Travel and Subsistence Payments – In accordance with the provisions of Section 1773.8 of the Labor Code of the State of California, the successful bidder will be required to pay each workman travel and subsistence payments needed to execute this project, as such, the travel and subsistence payments are defined in the applicable collective bargaining agreements and filed in accordance with Section 1773.8 of the Labor Code of the State of California. Full compensation for conforming to the requirement of this section shall be considered as included in the prices paid for the various contract items of work involved and no additional compensation will be allowed. All work originates in the City of Vallejo. The City will not pay for travel or transportation associated with maintenance contract, emergency call out, or extra work projects.

G. Withholding of Payment – THE CITY MAY WITHHOLD PAYMENT OF ANY MONTHLY MAINTENANCE INVOICE AND ANY OF THE FINAL THREE (3)

MONTHLY INVOICES PRIOR TO THE END OF THIS ANNUAL CONTRACT (APRIL, MAY, AND JUNE, SEE “EXHIBIT A, SECTION D. 9. INSPECTIONS, DEFAULTS AND PAYMENT”). These withholdings will only be returned to the Contractor upon satisfactory completion of the contract specifications minus any re-inspection fee. This option will not in any way restrict the City from refusing total payment for any of these final three months should there be cause to do so.

4. Accounting Records of Contractor. Contractor shall maintain for three (3) years after completion of all services hereunder, all records under this Agreement, including, but not limited to, records of Contractor’s direct salary costs for all Services and Additional Services performed under this Agreement and records of Contractor’s Reimbursable Expenses, in accordance with generally accepted accounting practices. Contractor shall keep such records available for audit, inspection and copying by representatives of the City’s Finance Department or other government agencies during regular business hours upon twenty-four (24) hours’ notice.

The obligations of Contractor under this section shall survive this Agreement.

5. Taxes. Contractor shall pay, when and as due, any and all taxes incurred as a result of Contractor’s compensation hereunder, including estimated taxes, and shall provide City with proof of such payments upon request.

6. Taxpayer Identification Number. Contractor shall provide City with Contractor’s complete Request for Taxpayer Identification Number and Certification, Form W-9, as issued by the Internal Revenue Service, and any other State or local tax identification number requested by
EXHIBIT B ATTACHMMENT 1
Monthly Irrigation @ $500____________per month
Annual Irrigation @ $6,000___________per year
Total Annual base Bid for Irrigation & Maintenance @ $13,008____________

EXHIBIT C

INSURANCE REQUIREMENTS
Contractor shall procure and maintain for the duration of this Agreement, including any extensions thereto, insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of services hereunder by the Contractor, their agents, representatives, or employees or subcontractors. 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.

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.

1. Minimum Scope of Insurance. Coverage shall be at least as broad as:

A. Insurance Services Office form number GL 0002 covering Comprehensive General Liability and Insurance Services Office form number GL 0404 covering Broad Form Comprehensive General Liability; or Insurance Services Office Commercial General Liability coverage (occurrence form CG 0001).

B. Insurance Services Office form number CA 0001 covering Automobile Liability, code 1 any auto and endorsement CA 0025.

C. Workers' Compensation insurance as required by the State of California and Employer's Liability Insurance.

2. Minimum Limits of Insurance. Contractor shall maintain limits no less than:

A. General Liability: $5,000,000 per occurrence for bodily injury, personal injury, and property damage. If Commercial General Liability Insurance or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to this project/location or the general aggregate limit shall be twice the required occurrence limit.

B. Automobile Liability: $5,000,000 per accident for bodily injury and property damage.

C. Workers’ Compensation insurance as required by the State of California, with Statutory Limits, and Employer’s Liability Insurance with limit of no less than $1,000,000 per accident for bodily injury or disease. If Contractor is not subject to California Workers’ Compensation requirements, Contractor shall file a completed Request for Waiver of Workers’ Compensation Insurance Form which may be obtained from the City prior to commencing any activity authorized hereunder.

3. Deductible and Self-Insured Retention (SIR). Any deductibles or self-insured retention must be declared to and approved by the City. At the option of the City, either:
the insurer shall reduce or eliminate such deductibles or self-insured retention as respects the City of Vallejo, its officers, officials, employees and volunteers; or the Contractor shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses. All SIRs must be disclosed to the City’s Risk Manager for approval and shall not reduce the limits of liability. Policies containing any SIR provision shall provide or be endorsed to provide that the SIR may be satisfied by either the named Insured or the City.

4. Other Insurance Provisions.

A. Additional Insured Endorsements: The City of Vallejo, its officers, officials, employees, agents and volunteers are to be covered as Additional Insureds as respects; liability, including defense costs, arising out of activities performed by or on behalf of the Contractor; products and completed operations of the Contractor; premises owned, occupied or used by the Contractor; or automobiles owned, leased hired or borrowed by the Contractor. Additional Insured endorsements with respect to General Liability, Auto and Umbrella/Excess Insurance shall be attached to the Certificate of Insurance presented to the City.

B. 30 Days’ Notice of Cancellation Endorsements: Each insurance policy required by this clause shall be endorsed to state that coverage shall not be suspended, voided, canceled by either party, reduced in coverage or in limits except after thirty (30) days' prior written notice by certified mail, return receipt requested, has been given to the City.

C. Waiver of Subrogation Rights Endorsement: The workers’ compensation policy required hereunder shall be endorsed to state that the workers' compensation carrier waives its right of subrogation against City, its officers, officials, employees, agents and volunteers, which might arise by reason of payment under such policy in connection with Contractor’s performance under this Agreement. The waiver of subrogation rights endorsement in favor of the City of Vallejo shall be attached to the Certificate of Insurance.

D. The limits of Insurance required in this agreement may be satisfied by a combination of primary and umbrella or excess Insurance. Any umbrella or excess Insurance shall contain or be endorsed to contain a provision that such coverage shall also apply on a primary and non-contributory basis for the benefit of the City of Vallejo before the City’s own Insurance or self-insurance shall be called upon to protect it as a named insured.

E. The insurance coverage shall contain no special limitations on the scope of protection afforded to the City of Vallejo, its officers, officials, employees, agents or volunteers. For any claims related to this project, the Contractor's insurance coverage shall be primary insurance as respects the City of Vallejo, its officers, officials, employees, agents, and volunteers. Any insurance or self-insurance maintained by the City of Vallejo, its officers, officials, employees, agents, or volunteers shall be excess of the Contractor's insurance and shall not contribute with it.

F. The Contractor's 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.

G. Any failure to comply with reporting or other provisions of the policies including breaches of warranties shall not affect coverage provided to the City, its officers, officials, employees, agents, or volunteers.

H. The City reserves the right to modify these requirements, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.

5. Acceptability of Insurers. The insurance is to be issued by companies licensed to do business in the State of California. The insurance is to be placed with insurers with a current A.M. Best's rating of no less than A:VII.

6. Verification of Coverage. Contractor shall furnish the City with certificates of insurance and original endorsements. The certificates and endorsements are to be signed by a person authorized by that insurer to bind coverage on its behalf. All endorsements are to be received and approved by the City before work commences. The City reserves the right to obtain a full certified copy of any Insurance policy and endorsements. Failure to exercise this right shall not constitute a waiver of right to exercise later. All verification of coverage and other insurance documents shall be mailed to the following address:

City of Vallejo
Attn: Risk Manager
555 Santa Clara Street
Vallejo, CA 94590

7. Subcontractors. Contractor shall include all subcontractors as insureds under its policies or shall furnish separate certificates and endorsements for each subcontractor.

All coverages for subcontractors shall be subject to all of the requirements stated herein.

8. Payment Withhold. City will withhold payments to Contractor if the certificates of insurance and endorsements required in Paragraph F, above, are canceled or Contractor otherwise ceases to be insured as required herein.

CONSENT CALENDAR 8.F.

DATE: May 13, 2025
TO: Mayor and Members of the City Council
FROM: Melissa Tigbao, P.E., Public Works Director
SUBJECT: ADOPT A RESOLUTION AWARDING A LANDSCAPE MAINTENANCE SERVICES CONTRACT FOR REGION 5 (SOUTHWEST VALLEJO) TO NORTH BAY LANDSCAPE MANAGEMENT, INC. OF PETALUMA, CALIFORNIA FOR A MAXIMUM NOT TO EXCEED $451,310, AND REJECTING ALL OTHER BIDS

RECOMMENDATION
Adopt a resolution awarding a Landscape Maintenance Services Contract for Region 5 (Southwest Vallejo) to North Bay Landscape Management, Inc. of Petaluma, California for a maximum not to exceed $451,310, and rejecting all other bids.

REASONS FOR RECOMMENDATION
Landscape maintenance services will continue to be required in Region 5 of the LMDs. The term of the previous landscape maintenance contract for this region will expire June 30, 2025. Approval of this contract will provide needed landscape maintenance services for an initial term of one-year, with the option to extend for up to four additional one-year periods with a 3% maximum annual CPI adjustment included.

The following are the LMDs in Region 5:
• 162 – South Vallejo Business Park
• 166 – Seaview

Region 5:

The apparent lowest responsive bidder for Region 5 is
North Bay Landscape Management, Inc., in the amount
of $28,500 for one year of monthly maintenance services.

All submitted bid documents appear to be complete, in
order, and satisfy the requirements of the specification as advertised. 1 North Bay Landscape
Management, Inc.
$28,500
2 New Image Landscape Company $29,916
3 Priority Landscape Services, LLC $32,100

Date: May 13, 2025
Subject: ADOPT A RESOLUTION AWARDING A LANDSCAPE MAINTENANCE SERVICES CONTRACT FOR REGION 5 (SOUTHWEST VALLEJO) TO NORTH BAY
LANDSCAPE MANAGEMENT, INC. OF PETALUMA, CALIFORNIA FOR A MAXIMUM NOT TO EXCEED $451,310, AND REJECTING ALL OTHER BIDS

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Vallejo City CouncilMay 13, 2025

Vallejo City Council
May 13, 2025