West Sacramento City Council
November 19, 2025

WEST SACRAMENTO CITY COUNCIL AND WEST SACRAMENTO REDEVELOPMENT SUCCESSOR

AGENCY & WEST SACRAMENTO FINANCING AUTHORITY
City Council Regular Meeting
NOVEMBER 19, 2025 AGENDA
Martha Guerrero, Mayor
Verna Sulpizio Hull, Mayor Pro Tem
Quirina Orozco, Council Member
Norma Alcala, Council Member
Dawnté Early, Council Member
Aaron Laurel, City Manager
Jeffrey Mitchell, City Attorney
6:00 PM Closed Session Call to Order
7:00 PM Regular Meeting Call to Order
Pledge of Allegiance
Land Acknowledgment
The meeting will be held at City Hall, City Council Chambers, 1110 West Capitol Avenue, West Sacramento GENERAL ADMINISTRATION FUNCTION – PART I

1. PRESENTATIONS BY THE PUBLIC ON MATTERS NOT ON THE AGENDA WITHIN THE

JURISDICTION OF THE COUNCIL
The Council is prohibited from discussing issues not on the agenda brought to them at this time.

According to State Law (the Brown Act), items must first be noticed on the agenda before any discussion or action.

PRESENTATIONS

2. City Manager's Office
PRESENTATION OF PROCLAMATION RECOGNIZING NOVEMBER 2025 AS NATIVE

AMERICAN HERITAGE MONTH
Objective: The purpose of this proclamation is to honor the contributions and sacrifices of Native Americans in the Sacramento region.

Recommendation: Staff respectfully recommends that the City Council adopt a proclamation recognizing November 2025 as Native American Heritage Month.

3. City Manager's Office

PRESENTATION OF PROCLAMATION RECOGNIZING RECIPIENTS OF THE YOLO COMMUNITY FOUNDATION’S 2025 YOLO PHILANTHROPY AWARDS
Anyone wishing to address the Council, or any agenda item, may fill out the Request to Speak card and present it to the City Clerk prior to the completion of staff presentation. Items on the Consent Agenda will be considered in one motion and the Request to Speak card should be turned in prior to the first item on Consent.
1 Objective: The purpose of this proclamation is to honor West Sacramento’s recipients of the Yolo Community Foundation’s Yolo Philanthropy Awards.

Recommendation: Staff respectfully recommends that the City Council adopt a proclamation recognizing West Sac Kids Gives Back and Patrice Griffith, who were honored by the Yolo County Children’s Alliance and Yolo Food Bank, respectively.

4. City Manager's Office
PROCLAMATION OF THE WEST SACRAMENTO CITY COUNCIL RECOGNIZING THE 75TH

ANNIVERSARY OF YOLO COUNTY HOUSING
Objective: The purpose of this proclamation is to recognize the 75th anniversary of the Housing Authority of the County of Yolo (YCH) for its decades of service providing affordable housing and community support throughout Yolo County, including West Sacramento.

Recommendation: Staff recommends that the City Council adopt a proclamation honoring Yolo County Housing’s 75 years of service and commitment to affordable housing and community development.

CONSENT AGENDA

5. Capital Projects

CONSIDERATION OF APPROVAL OF AN ON-CALL LIST OF VARIOUS PROFESSIONAL

CONSULTANTS TO PROVIDE AS-NEEDED SERVICES
Objective: The objective of this report is to provide City Council with sufficient information for it to approve an on-call list of professional consultants to provide as-needed services in various areas.

Recommendation: Staff respectfully recommends that the City Council: 1) Approve the proposed on-call list of consultants to provide various as-needed services for a period of three (3) years, with an option to extend for two (2) additional years, for a maximum total term of five (5) years; 2) Delegate authority to the City Manager, or designee, to approve and execute on-call contracts with each consultant in an initial amount of up to $200,000 each, and to undertake all actions necessary to implement the contracts, including issuing Notices to Proceed; 3) Authorize the City Manager, or his designee, to execute non-substantive changes and modifications to the contracts, with approval from the City Attorney; 4) Authorize the City Manager, or his designee, to extend the contract term and adjust compensation as needed, within the limits of the Council-approved budget; and 5) Authorize the City Manager, or designee, to administratively extend the on-call list for each of the two one-year renewal options.

6. Economic Development & Housing
CONSIDERATION OF RESOLUTION 25-117 ACCEPTING THE WASHINGTON DISTRICT PARK IMPROVEMENTS INCLUDED IN THE “FOUR40 WEST” PROJECT DEVELOPMENT

AGREEMENT
2 Objective: Exercise the City’s option to acquire the Washington District Park property and accept the park improvements required as part of the Four40 West Project Development Agreement.

Recommendation: Staff respectfully recommends that the City Council: 1. Waive Section 7.3 of the Option Agreement between the City of West Sacramento and Blackpine 440 West, LLC to allow the City to exercise its option to acquire the Washington District Park property (APN 010-614-020- 000) at this time; and 2. Adopt Resolution 25-117 accepting the completed park improvements required as part of the Development Agreement for the Four40 West Project.

7. Finance
CONSIDERATION OF THE TREASURER’S QUARTERLY FINANCIAL REPORT ON THE CITY’S INVESTMENT PORTFOLIO FOR THE PERIOD ENDING SEPTEMBER 30, 2025 Objective: The purpose of this report is to provide the City Council with the treasurer’s quarterly report on the City’s investment portfolio for the quarter ending September 30, 2025 as outlined by the Government Code 53646(b) (1).

Recommendation: Staff respectfully recommends that the City Council receive and file the Treasurer’s Quarterly Financial Report on the City’s investment portfolio for the period ending September 30, 2025.

8. Parks & Recreation
CONSIDERATION OF RESOLUTION 25-120 DELEGATING AUTHORITY TO CITY MANAGER TO EXECUTE A PURCHASE AND SALE AGREEMENT FOR 425 TODHUNTER AVENUE Objective: The objective of this report is to facilitate City Council consideration of Resolution 25- 120 which delegates authority to the City Manager to acquire the 24.62-acre property located at 425 Todhunter Avenue and 4.076 acres of adjacent road including portions of Riverbank Road, Todhunter Avenue and Carrie Street.

Recommendation: Staff respectfully recommends that the City Council: 1) Find the acquisition of property is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3) (common-sense exemption), Section 15301 (Existing Facilities) and Section 15325 (Transfers of Ownership of Interests in Land to Preserve Existing Natural Conditions and Historic Resources); 2) Adopt Resolution 25-120 (Attachment 1) authorizing the City Manager to execute the Purchase and Sale Agreement (PSA) with Washington Unified School District to acquire 24.62 acres at 425 Todhunter Ave (Attachment 2). and 4.076 acres of adjacent road including portions of Riverbank Road, Todhunter Avenue and Carrie Street (Attachment 3); and 3) Authorize the City Manager or their designee to execute the Purchase and Sale Agreement (PSA) and Priority Use Agreement in substantially the form attached to this report, with such changes or amendments as shall be approved by the City Attorney.

9. Public Works
CONSIDERATION OF A RESOLUTION 25-121 ADOPTING PROCEDURES FOR RATEPAYER

AND PROPERTY OWNER OBJECTIONS TO PROPOSED UTILITY FEES OR SPECIAL 3 ASSESSMENTS (“EXHAUSTION PROCEDURES”) PURSUANT TO GOVERNMENT CODE SECTION 53759.1
Objective: The purpose of this report is to provide the City Council with sufficient information to consider adoption of a Resolution establishing formal procedures for ratepayer and property owner objections to proposed new or amended water or sewer fees (“utility fees”) or special assessments, consistent with Proposition 218 and the new state requirements in Government Code Section 53759.1 (AB 2257, 2024).

Recommendation: Staff respectfully recommends that the City Council: 1) Adopt Resolution 25- 121, establishing procedures for ratepayer and property owner objections to proposed utility fees or special assessments (“Exhaustion Procedures”) pursuant to Government Code Sections 53759.1 and 53759.2; and 2) Authorize the City Manager, or designee, to take all necessary actions to implement the adopted procedures and ensure compliance with applicable state law.

10. City Manager's Office
REQUEST FOR CONSIDERATION OF RESOLUTION 25-125 AUTHORIZING AN APPROPRIATION OF $67,382 FOR THE REDESIGN OF THE CITY WEBSITE Objective: This report requests City Council consideration of Resolution 25-125, authorizing a budget appropriation of $67,382 for the redesign and upgrading of the City's website.

Recommendation: Staff respectfully recommends that the City Council approve Resolution 25- 125, approving an appropriation of $67,382 for the redesign and upgrading of the City’s website.

11. City Manager's Office
CONSIDERATION OF RESOLUTION 25-119 SETTING THE TIME AND DATE FOR THE 2026/27

REGULAR MEETINGS OF THE CITY COUNCIL
Objective: The objective of this report is to seek Council approval of the City Council meetings scheduled for February 1, 2026 through January 31, 2027.

Recommendation: It is respectfully recommended that the City Council adopt Resolution 25-119 setting the time and date for City Council meetings commencing February 1, 2026 through January 31, 2027.

PUBLIC HEARINGS

12. Capital Projects
A HEARING TO CONSIDER ADOPTION OF RESOLUTION 25-116 DECLARING THE PUBLIC

INTEREST AND NECESSITY AND AUTHORIZING COMMENCEMENT OF EMINENT DOMAIN (CONDEMNATION) PROCEEDINGS TO SECURE REAL PROPERTY INTERESTS NECESSARY FOR THE I STREET BRIDGE REPLACEMENT PROJECT (010-372-007, 010-371-008 and 010- 101-012) CIP 10033
Objective: The purpose of this report is to provide the Council with sufficient information to adopt Resolution 25-116 determining that the Public Interest and Necessity require acquisition of real 4 property interests for public purposes and authorizing proceedings under California Government Code Sections 37350.5, 40401 and 40404; and the provisions of California Eminent Domain Law comprising Title 7, Part 3 of the California Code of Civil Procedure (commencing at section 1230.010) for the I Street Bridge Replacement Project (APNS: 010-371-007, 010-371-008 and 010- 101-012) CIP 10033.

Recommendation: Staff Respectfully recommends that the City Council: 1) Conduct a hearing to consider the adoption of Resolution 25-116 to commence eminent domain proceedings to secure real property interests necessary to construct, maintain and operate the I Street Replacement Bridge Project – CIP 10033, and if timely requested, to receive testimony from the Property Owners, their attorneys, or representatives on the issues relevant to the Resolutions of Necessity; 2) Find that the environmental impacts of adoption of Resolution 25-116, associated with the I Street Bridge Replacement Project are fully analyzed in the previously adopted I Street Bridge Replacement Project Final Environmental Report/Environmental Assessment and addendum thereto, adopted by City Council on March 15, 2023, pursuant to Resolution 23-29, and that the need for subsequent environmental review pursuant to Public Resources Code Section 21166 and State CEQA Guidelines Sections 15162 and 15164 is not triggered. 3) Make the following findings:

A. The public interest and necessity require the project; and B. The project is planned or located in the manner that will be most compatible with the greatest public good and the least private injury; and C. The property sought to be acquired is necessary for the project; and D. The offer required by Section 7267.2 of the Government Code has been made to the owner of record; 4) Adopt the Resolution of Necessity, Resolution 25-116, determining that the public interest and necessity require the acquisition of certain real property identified as Assessor Parcel No. 010-371-007 & 010-371-008 located at 310 & 320 2nd Street and 010-101-012 located at 200 C Street West Sacramento, and as more fully described and depicted in the exhibits attached to the proposed Resolution, for construction, operation and maintenance of the I Street Bridge Replacement Project; 5) Authorize the City Attorney or outside legal counsel, to file eminent domain (condemnation) action(s) as set forth herein, including motion(s) for orders for prejudgment possession, and to prosecute the actions to final judgment; and 6) Delegate authority to the City Manager to undertake all the necessary actions to commence and complete real property transactions for the Project, including disbursement of funds required to obtain possession and title to the property interests into the State of California Condemnation Deposits Fund, for the acquisition of the property interests described above.

REGULAR AGENDA
NONE
GENERAL ADMINISTRATION FUNCTION – PART II

13. COUNCIL COMMUNICATIONS / ASSIGNMENTS
Bikeshare Policy Steering Committee --------------------------------------------Guerrero, Alternate - Early City/County 2x2 ----------------------------------------------------Guerrero/Orozco, Alternate – Sulpizio Hull City/School 2x2 ------------------------------------------------------Guerrero/Sulpizio Hull, Alternate - Alcala Executive Commission to Address Homelessness --------------------Sulpizio Hull, Alternate - Orozco EIFD Public Financing Authority-----------------------------------------------Guerrero, Alcala, Sulpizio Hull League of California Cities --------------------------------------------------- Alcala, Alternate – Sulpizio Hull Local Agency Formation Commission ---------------------------------------------------------------------- Alcala 5 Port District Commission ---------------------------------------------------------Guerrero, Early, Sulpizio Hull Remote Access Network ------------------------------------------------------------------------------------Guerrero River City Regional Stadium Financing Authority------------------------------------------Guerrero, Orozco Sacramento Area Council of Governments (SACOG) ------------------------Early; Alternate - Guerrero Sacramento Area Sewer District Board ----------------------------------Orozco; Alternate - Sulpizio Hull West Sacramento Area Flood Control Agency JPA ----------------------------Alcala; Alternate - Orozco Yolo Animal Servies Planning Agency JPA----------------------------Guerrero; Alternate – Sulpizio Hull Yolo County Housing Authority-------------------------------------------------Early, Alternate - Sulpizio Hull Yolo Transportation District -----------------------------------------------------Early, Alternate - Sulpizio Hull Yolo Habitat Conservancy ------------------------------------------------------------------------------Sulpizio Hull Yolo-Solano Air Quality Management District ----------------------------Alcala; Alternate – Sulpizio Hull Yolo Subbasin Sustainable Groundwater Agency-------------------------Sulpizio Hull; Alternate - Early

COUNCIL INTERMEDIARY REPRESENTATIVES
Delta Protection Commission -------------------------------------------------------Vacant; Alternate - Vacant New Hope Community Development Corporation---------------------------------Early; Alternate - Alcala Yolo County Consolidated Redevelopment Successor Agency Oversight Board--------Sulpizio Hull

14. PART II
A. Council Calendar
B. City Manager Report
C. City Attorney Report
D. Staff Direction from City Council Members
E. Future Agenda Item Requests by Council
F. Adjourn
I, Jennifer Cusmir, City Clerk, declare under penalty of perjury that the foregoing agenda for the November 19, 2025 regular and closed session meetings of the West Sacramento City Council, Redevelopment Successor Agency and Financing Authority was posted November 14, 2025 at the rear entrance at City Hall, 1110 West Capitol Avenue, West Sacramento, CA and was available for public review. __________________________________________
Jennifer Cusmir, City Clerk
NOTE: If you challenge the nature of a proposed action in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the City Council at, or prior to, the public hearing.

The agenda and agenda reports are also available on the City’s website at www.cityofwestsacramento.org City Council meetings are broadcast live on Wave Cable Channel 20 and rerun the next day at 12:00 PM and the following Saturday at 6:00 PM.

All public materials related to an item on this agenda submitted to the City Council after distribution of the agenda packet are also made available for public inspection on the City’s website at:
www.cityofwestsacramento.org. Any document provided at the meeting by staff or by the public will be provided by the City Clerk upon request by phone at (916) 617-4500, or by email at: [email protected]. 6 If you need assistance to participate in this meeting, including translation support, please contact the City Clerk’s Office at 916-617-4500 or [email protected]. Notifying the City Clerk’s Office at least 72 hours prior to the meeting will assist staff in assuring reasonable arrangements can be made to provide accessibility to the meeting. Assisted listening devices are available at this meeting.

Si necesita ayuda para participar en esta reunión o servicios de traducción, comuníquese con la Oficina del Secretario Municipal al 916-617-4500 o [email protected]. Notificar a la Oficina del Secretario Municipal al menos 72 horas antes de la reunión ayudará al personal a garantizar que se puedan hacer arreglos razonables para proporcionar accesibilidad a la reunión.

Los dispositivos de escucha asistida están disponibles en esta reunión. 7 CITY COUNCIL AGENDA REPORT
MEETING DATE: November 19, 2025 ITEM # 2
SUBJECT:

PRESENTATION OF PROCLAMATION RECOGNIZING
NOVEMBER 2025 AS NATIVE AMERICAN HERITAGE MONTH
INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ X ] Council [ ] Staff Doug Drozd, Deputy City Manager City Manager’s Office
[ ] Other
ATTACHMENT [ X ] Yes [ ] No [ ] Information [ ] Direction [ X ] Action

OBJECTIVE
The purpose of this proclamation is to honor the contributions and sacrifices of Native Americans in the Sacramento region.

RECOMMENDED ACTION
Staff respectfully recommends that the City Council adopt a proclamation recognizing November 2025 as Native American Heritage Month.

BACKGROUND
The City of West Sacramento's establishment in 1987 took place in an area that indigenous people, particularly the Patwin or Southern Wintun, recognize as unceded territory. The Patwin people were forced from their ancestral lands onto rancherias in the early 1900s and are now citizens of three sovereign, federally recognized tribal governments: the Yocha Dehe Wintun Nation, Kletsel Dehe Band of Wintun Indians, and Cachil Dehe Band of Wintun Indians. In 2018, the City Council voted unanimously to approve the transfer of a 43-acre riverfront property to California State Parks for the construction of a $100 million California Indian Heritage Center. In 2022, the City Council adopted a resolution to establish an official land acknowledgement, which is now read before each City Council meeting. This acknowledgment demonstrates the City's recognition of the significant role Native Americans have played in the area's history.

ANALYSIS
The City has established a government-to-government relationship with the Yocha Dehe Wintun Nation and has collaborated on projects, such as the renaming of two streets to remove the offensive “sq ” term. Additionally, the City commits to recognizing November as Native American Heritage Month each year and discourages the use of racial slurs, names, or imagery that depict indigenous people as mascots or logos in educational institutions, sports teams, or any other organization within the City.

Environmental Considerations
N/A
Commission Recommendation
N/A
Strategic Plan Integration
The adoption of this proclamation demonstrates the City's commitment to inclusiveness not only in economic development, but also in promoting diversity within the municipal workforce and management. This recognition highlights the importance of honoring West Sacramento’s indigenous heritage and working together with Native American communities to build a more inclusive and respectful environment.

Alternatives
N/A
Coordination and Review
N/A
Budget/Cost Impact
N/A

ATTACHMENT
Proclamation
8 PROCLAMATION OF THE WEST SACRAMENTO CITY COUNCIL
RECOGNIZING NOVEMBER 2025 AS “NATIVE AMERICAN HERITAGE MONTH” WHEREAS, “Native American Heritage Month” has been established at the national and state levels with proclamations and celebrations to recognize the diverse cultures, traditions, histories, significant contributions and present day lives of Native Americans; and WHEREAS, the City of West Sacramento was established in 1987 within an area of California that represented the un-ceded territory of indigenous people known as the Patwin or Southern Wintun; and
WHEREAS, the earliest historic written records of the Patwin begin with the Spanish mission explorations and registers, and ethno-historic records show the Patwin inhabited land from the hills of the eastern North Coast Ranges to the Sacramento River, and from Princeton south to the San Pablo and Suisun bays; and
WHEREAS, like most indigenous people throughout the United States, the Patwin were forced from their ancestral lands onto reservations and rancherias during the early 1900s, where they currently reside, as citizens of three sovereign, federally recognized tribal governments, today known as the Yocha Dehe Wintun Nation, Kletsel Dehe Band of Wintun Indians, and Cachil Dehe Band of Wintun Indians; and
WHEREAS, the City has a meaningful government-to-government relationship with the Yocha Dehe Wintun Nation and works in partnership to address the needs of the community and improve the lives of people who live within their respective jurisdictions today; and WHEREAS, the City was honored to collaborate with the Yocha Dehe Wintun Nation and local residents last year to rename two streets to replace the offensive “sq ” term ; and WHEREAS, native peoples have made and continue to make distinct and significant contributions in many fields, including academics, agriculture, art, business, education, ecology, engineering, environmentalism, forestry, government, language, leadership, literature, mathematics, medicine, music, politics, poetry, science, and traditional cultural practices; and WHEREAS, the City discourages any and all forms of racial slurs, names, or imagery that depict indigenous people as mascots or logos in educational institutions, sports teams, or any other organization within this City; and
WHEREAS, the City will encourage its citizens to acknowledge and celebrate November as Native American Heritage Month every year to foster education, relationships, and cooperation with Native people while also supporting social and economic opportunities for them within the City of West Sacramento and Yolo County.

NOW, THEREFORE, BE IT PROCLAIMED that the City Council of the City of West Sacramento does hereby recognize the month of November 2025 as “Native American Heritage Month.”
PROCLAIMED this 19th day of November, 2025.

ATTEST:

Martha Guerrero, Mayor Jennifer Cusmir, City Clerk
9 CITY COUNCIL AGENDA REPORT
MEETING DATE: November 19, 2025 ITEM # 3
SUBJECT:

PRESENTATION OF PROCLAMATION RECOGNIZING
RECIPIENTS OF THE YOLO COMMUNITY FOUNDATION’S
2025 YOLO PHILANTHROPY AWARDS
INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ X ] Council [ ] Staff Doug Drozd, Deputy City Manager City Manager’s Office
[ ] Other
ATTACHMENT [ X ] Yes [ ] No [ ] Information [ ] Direction [ X ] Action

OBJECTIVE
The purpose of this proclamation is to honor West Sacramento’s recipients of the Yolo Community Foundation’s Yolo Philanthropy Awards.

RECOMMENDED ACTION
Staff respectfully recommends that the City Council adopt a proclamation recognizing West Sac Kids Gives Back and Patrice Griffith, who were honored by the Yolo County Children’s Alliance and Yolo Food Bank, respectively.

BACKGROUND
Founded in 2001, the Yolo Community Foundation (YCF) promotes philanthropy by serving as a public foundation through which: 1) community members pursue their own charitable goals; 2) local nonprofits benefit from YCF programs and events; and 3) youth learn the meaning of community involvement and service.

Every year, YCF recognizes groups and individuals whose generosity and service have enriched lives and strengthened Yolo County, including West Sacramento, through its Yolo Philanthropy Awards.

ANALYSIS
At the 2025 Yolo Philanthropy Awards, YCF recognized West Sac Kids Give Back, a program that provides West Sacramento’s youth an opportunity to learn the virtues of community service by spearheading charitable donation drives during the holidays and school supply drives during the summer. This nonprofit organization has become a staple of the West Sacramento community.

YCF also recognized West Sacramento resident Patrice Griffith for her contributions to the Yolo Food Bank. In addition to serving on the Food Bank’s Board of Directors, Ms. Griffith has been a driving force in linking local businesses and organizations to the Food Bank. She has also helped bring the Student Farmers Market to River City High School, opening new doors to fresh, healthy food for students and families.

Environmental Considerations
N/A
Commission Recommendation
N/A
Strategic Plan Integration
N/A
Alternatives
N/A
Coordination and Review
N/A
Budget/Cost Impact
N/A

ATTACHMENT
Proclamation
10 PROCLAMATION OF THE WEST SACRAMENTO CITY COUNCIL
RECOGNIZING THE 2025 YOLO PHILANTHROPY AWARD RECIPIENTS WHEREAS, the mission of the Yolo Community Foundation is to inspire and support giving, and to provide philanthropic leadership in the community, connecting local residents, nonprofits, and donors in service of the common good; and WHEREAS, volunteers and donors are essential to the success of nonprofits, offering vital resources of money, expertise, and time that make it possible for organizations to achieve their missions; and
WHEREAS, these contributions directly advance nonprofit sustainability and effectiveness, ensuring essential services and opportunities remain available to the community; and
WHEREAS, for more than 15 years, the Yolo Community Foundation has hosted the Yolo Philanthropy Awards to celebrate and honor those whose generosity and service have enriched countless lives and strengthened Yolo County; and WHEREAS, in 2025, 38 local nonprofits came together to recognize the extraordinary volunteers and donors who generously contribute their time, skills, and resources to improving our community, including two recipients from West Sacramento; and WHEREAS, the Yolo County Children’s Alliance recognized West Sac Kids Give Back, a West Sacramento-based nonprofit that hosts charitable donation drives and encourages youth to learn the virtues of community service; and
WHEREAS, the Yolo Food Bank has recognized West Sacramento resident Patrice Griffith for her service on the Food Bank Board of Directors and her numerous contributions to food security in Yolo County, including organizing the Student Farmers Market at River City High School.

NOW, THEREFORE, BE IT PROCLAIMED that the West Sacramento City Council congratulates West Sac Kids Give Back and Patrice Griffith for their recognition at the Yolo Philanthropy Awards and extends heartfelt appreciation for their work in the West Sacramento community.

PROCLAIMED this 19th day of November, 2025.

ATTEST:
____________________________________
__
____________________________________
__
Martha Guerreo, Mayor Jennifer Cusmir, City Clerk
11 CITY COUNCIL AGENDA REPORT
MEETING DATE: November 19, 2025 ITEM # 4
SUBJECT:

PROCLAMATION OF THE WEST SACRAMENTO CITY COUNCIL
RECOGNIZING THE 75TH ANNIVERSARY OF YOLO COUNTY HOUSING INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ ] Council [ ] Staff
[ X ] Other
Doug Drozd, Deputy City Manager
City Manager’s Office
ATTACHMENT [ X ] Yes [ ] No [ ] Information [ ] Direction [ ] Action

OBJECTIVE
The purpose of this proclamation is to recognize the 75th anniversary of the Housing Authority of the County of Yolo (YCH) for its decades of service providing affordable housing and community support throughout Yolo County, including West Sacramento.

RECOMMENDED ACTION
Staff recommends that the City Council adopt a proclamation honoring Yolo County Housing’s 75 years of service and commitment to affordable housing and community development.

BACKGROUND
Yolo County Housing (YCH) marks its 75th anniversary this year, celebrating decades of service in providing affordable housing and community support to residents across Yolo County. Established in the late 1940s, YCH has grown from a small local agency into a countywide organization that assists thousands of individuals and families through rental assistance, housing development, and supportive programs. YCH has expanded its impact through partnerships, innovative housing initiatives, and its commitment to serving vulnerable populations including seniors, people with disabilities, and agricultural workers. This milestone offers an opportunity to reflect on YCH’s history of collaboration and its continued role in advancing housing stability and quality of life for residents throughout the region.

ANALYSIS
Issuing this proclamation aligns with the City’s values of public health, safety, and community. Recognizing Yolo County Housing’s 75th anniversary highlights its lasting impact in providing safe and stable housing for residents.

The proclamation reaffirms the City’s appreciation for YCH’s partnership and its continued commitment to housing equity.

Environmental Considerations
N/A
Commission Recommendation
N/A
Strategic Plan Integration
N/A
Alternatives
N/A
Coordination and Review
N/A
Budget/Cost Impact
N/A

ATTACHMENT

1. Proclamation
12 PROCLAMATION OF THE WEST SACRAMENTO CITY COUNCIL
RECOGNIZING THE 75TH ANNIVERSARY OF YOLO COUNTY HOUSING WHEREAS, the Housing Authority of the County of Yolo, also known as Yolo County Housing (YCH), has provided 75 years of service delivering safe, affordable housing and fostering community development for low-income families, seniors, people with disabilities, and migrant agricultural workers; and
WHEREAS, during the 1980s YCH added 431 affordable housing units at Riverbend in West Sacramento and El Rio Villas III in Winters, serving approximately 920 residents countywide; and
WHEREAS, following the Housing Act amendments that created the Section 23 Leased Housing Program, YCH implemented the Section 8 program in 1974, which evolved into the Housing Choice Voucher program in the 1990s; and
WHEREAS, YCH is authorized to administer 2,005 vouchers serving about 3,000 participants throughout Yolo County, providing assistance that enables economically disadvantaged households to afford decent, safe, and sanitary housing; and WHEREAS, YCH operates three migrant centers with 232 seasonal housing units serving approximately 831 agricultural workers and their families; and WHEREAS, YCH and New Hope Community Development Corporation (CDC) jointly own, operate, and manage multiple affordable housing communities serving approximately 450 individuals in West Sacramento; and
WHEREAS, YCH remains a vital resource for Yolo County residents, providing housing assistance and supportive services that promote stability and self-sufficiency; and WHEREAS, the dedication of past and present Commissioners, Executive Directors, staff, and volunteers has been central to YCH’s enduring success and its lasting impact on the community.

NOW, THEREFORE, BE IT PROCLAIMED that the West Sacramento City Council congratulates the Housing Authority of the County of Yolo on its 75th anniversary, and extends heartfelt appreciation and best wishes for continued success.

PROCLAIMED this 19th day of November, 2025.

ATTEST:
____________________________________
__
____________________________________
__
Martha Guerreo, Mayor Jennifer Cusmir, City Clerk
13 CITY COUNCIL AGENDA REPORT
MEETING DATE: November 19, 2025 ITEM # 5
SUBJECT:

CONSIDERATION OF APPROVAL OF AN ON-CALL LIST OF VARIOUS PROFESSIONAL

CONSULTANTS TO PROVIDE AS-NEEDED SERVICES
INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ ] Council [X] Staff
[ ] Other
Christian Asuncion, Associate Engineer
Emily Chavez, Intern
Capital Projects Department
ATTACHMENT [ ] Yes [X] No [ ] Information [ ] Direction [X] Action

OBJECTIVE
The objective of this report is to provide City Council with sufficient information for it to approve an on-call list of professional consultants to provide as-needed services in various areas.

RECOMMENDED ACTION
Staff respectfully recommends that the City Council:

1. Approve the proposed on-call list of consultants to provide various as-needed services for a period of three (3) years, with an option to extend for two (2) additional years, for a maximum total term of five (5) years;

2. Delegate authority to the City Manager, or designee, to approve and execute on-call contracts with each consultant in an initial amount of up to $200,000 each, and to undertake all actions necessary to implement the contracts, including issuing Notices to Proceed;

3. Authorize the City Manager, or his designee, to execute non-substantive changes and modifications to the contracts, with approval from the City Attorney;

4. Authorize the City Manager, or his designee, to extend the contract term and adjust compensation as needed, within the limits of the Council-approved budget; and

5. Authorize the City Manager, or designee, to administratively extend the on-call list for each of the two one-year renewal options.

BACKGROUND
The City periodically relies on professional consultants to provide various services when workload exceeds City staff capacity or when specialized expertise is required for a particular project. In the past, City staff has sought and processed Requests For Proposals (RFPs) and Requests For Qualifications (RFQs) on an individual project basis to support various efforts. Establishing a professional consultant on-call list reduces staff time and expedites project delivery by avoiding repeated solicitations for qualifications. The on-call list is anticipated to be used for the following services: traffic engineering and transportation; geotechnical engineering; construction management and inspection; labor compliance; professional engineering; grant writing; land surveying; right-of way; GIS and mapping; public outreach; drone mapping; environmental; and landscaping architecture.

ANALYSIS
On August 20, 2025, staff released Request for Qualifications (25-068-RFQ) seeking professional service firms to provide on-call citywide services on an as-needed basis. The RFQ was advertised through the City’s OpenGov eProcurement platform. A total of ninety (90) proposals were received by the September 30, 2025 deadline and were evaluated to determine qualifications based on experience with public agency capital projects.

After careful consideration of each firm’s qualifications, availability, expertise, size and depth of staff, and without consideration of pricing as outlined in Government Code 4526, the following firms have been qualified for the on-call list:

Traffic Engineering and Transportation Planning
Firm Name Firm Name Firm Name Firm Name
Bennett Engineering
Services Inc.

Evan Brooks Associates,
Inc.

Interwest Consulting
Group, Inc.

Nelson\Nygaard
Consulting Associates,
Inc.

BKF Engineers Fehr & Peers Kimley-Horn Whitlock & Weinberger Transportation, Inc.
14 Citywide On-Call List of Professional Consultants
November 19, 2025

CSG Consultants, Inc. GHD Inc. LLG Engineers Wood Rodgers, Inc.

DKS Associates
Glenn A. Rick
Engineering &
Development Company
Mark Thomas & Company —
Dudek HDR Engineering, Inc. Mott MacDonald Group,
Inc. —
Geotechnical Engineering
Firm Name Firm Name Firm Name Firm Name
BKF Engineers Crawford & Associates,
Inc
Mid Pacific Engineering,
Inc.

Whitlock & Weinberger
Transportation, Inc.

Blackburn Consulting CSG Consultants, Inc. Mott MacDonald Group, Inc. Wood Rodgers, Inc.

BSK Associates Geocon Consultants, Inc.

Ninyo & Moore
Geotechnical and
Environmental Sciences
Consultants
Youngdahl Consulting
Group
CMD West Geosyntec Consultants Terracon Consultants,
Inc. —
Consor North America,
Inc. HDR Engineering, Inc. UES Professional Solutions, Inc. — Construction Management and Inspection
Firm Name Firm Name Firm Name Firm Name
4LEAF, Inc. Dewberry Kjeldsen, Sinnock &
Neudeck, Inc.

Swinerton Management &
Consulting
Accenture Infrastructure
and Capital Projects, LLC
(I&CP)
Ghirardelli Associates,
Inc. Mark Thomas & Company TRC Engineers, Inc.

Alpha CM, Inc. HDR Engineering, Inc. MCK Americas Inc. UNICO Engineering, Inc.

BKF Engineers Integrated Project
Solutions
Mott MacDonald Group,
Inc. Unity Design Group
Blackburn Consulting Interwest Consulting
Group, Inc.

Nichols Consulting
Engineers, Chtd. Webster Engineering, Inc.

Consor North America,
Inc.

JLR Environmental
Consultants Psomas —
CSG Consultants, Inc. KCM Engineering, Inc. Salaber Associates, Inc. — Labor Compliance
Firm Name Firm Name Firm Name
BKF Engineers CSG Consultants, Inc. Mott MacDonald Group, Inc.

Consor North America,
Inc. Dewberry S & H Consultants, LLC
15 Citywide On-Call List of Professional Consultants
November 19, 2025

Contractor Compliance
and Monitoring Inc GCAP Services, Inc. Witt O'Brien's, LLC Professional Engineering
Firm Name Firm Name Firm Name Firm Name
Bennett Engineering
Services Inc.

Domenichelli and
Associates, Inc.

Interwest Consulting
Group, Inc. Psomas
BKF Engineers Dudek JLR Environmental
Consultants R.E.Y. Engineers, Inc.

Blackburn Consulting GHD Inc Kimley-Horn TRC Engineers, Inc.

Consor North America,
Inc.

Ghirardelli Associates,
Inc.

Kjeldsen, Sinnock &
Neudeck, Inc Unity Design Group
CSG Consultants, Inc.

Glenn A. Rick
Engineering &
Development Company
Laugenour and Meikle Whitlock & Weinberger
Transportation, Inc.

CWE HDR Engineering, Inc. Mark Thomas & Company William Haynes Dewberry HydroScience Engineers Mott MacDonald Group,
Inc. Wood Rodgers, Inc.

DKS Associates Integrated Project
Solutions
Nelson\Nygaard
Consulting Associates,
Inc.
—
Dokken Engineering Interface Engineering, Inc. Nichols Consulting Engineers, Chtd. —
Grant Writing
Firm Name Firm Name Firm Name Firm Name
AECOM Technical
Services, Inc. DKS Associates Mark Thomas & Company Whitlock & Weinberger Transportation, Inc.

BKF Engineers EJ Thronson Consulting Mott MacDonald Group, Inc. Witt O'Brien's, LLC
Blais & Associates, LLC Evan Brooks Associates,
Inc.

Nelson\Nygaard
Consulting Associates,
Inc.

Wood Rodgers, Inc.

CMD West
Glenn A. Rick
Engineering &
Development Company
Nichols Consulting
Engineers, Chtd. —
CSG Consultants, Inc. HDR Engineering, Inc. Psomas —
CWE Interwest Consulting
Group, Inc. TRC Engineers, Inc. —
Dewberry Kimley-Horn Villa Civil, APC —
Land Surveying
Firm Name Firm Name Firm Name Firm Name
BKF Engineers Kjeldsen, Sinnock &
Neudeck, Inc
Nichols Consulting
Engineers, Chtd. Wood Rodgers, Inc.

CMD West KPFF, Inc. Psomas —
CSG Consultants, Inc. Laugenour and Meikle R.E.Y. Engineers, Inc. — 16 Citywide On-Call List of Professional Consultants
November 19, 2025

CWE Mark Thomas & Company UNICO Engineering, Inc. —
Dudek Mott MacDonald Group,
Inc.

Whitlock & Weinberger
Transportation, Inc. —
Right-of-Way
Firm Name Firm Name Firm Name
Associated Right of Way
Services, Inc. CSG Consultants, Inc. Mott MacDonald Group, Inc.

BKF Engineers Dokken Engineering Universal Field Services, Inc.

CMD West Integra Realty Resources Wood Rodgers, Inc.

GIS and Mapping
Firm Name Firm Name Firm Name Firm Name
Arini Geographics Dudek HDR Engineering, Inc. Nichols Consulting Engineers, Chtd.

BKF Engineers Evan Brooks Associates,
Inc. Infinity Technologies Psomas
CMD West Geographic Technologies
Group Kimley-Horn R.E.Y. Engineers, Inc.

CSG Consultants, Inc. Geosyntec Consultants Kjeldsen, Sinnock & Neudeck, Inc Timmons Group
Dewberry GHD Inc. Laugenour and Meikle Wood Rodgers, Inc.

DKS Associates
Glenn A. Rick
Engineering &
Development Company
Mott MacDonald Group,
Inc. —
Public Outreach
Firm Name Firm Name Firm Name Firm Name
BKF Engineers CSG Consultants, Inc. four waters media, inc. Nichols Consulting Engineers, Chtd.

CMD West DKS Associates Ghirardelli Associates,
Inc. Prosio Communications
Consensus Building
Institute
Eidam Corp dba Lucy &
Company HDR Engineering, Inc. Whitlock & Weinberger Transportation, Inc.

Consor North America,
Inc.

Evan Brooks Associates,
Inc.

Mott MacDonald Group,
Inc. —
Drone Mapping
Firm Name Firm Name Firm Name Firm Name
BKF Engineers Dudek Mott MacDonald Group,
Inc. Wood Rodgers, Inc.

CMD West Kjeldsen, Sinnock &
Neudeck, Inc
Nichols Consulting
Engineers, Chtd. —
17 Citywide On-Call List of Professional Consultants
November 19, 2025

CSG Consultants, Inc. KPFF, Inc. Psomas —
CWE Laugenour and Meikle R.E.Y. Engineers, Inc. —
Environmental
Firm Name Firm Name Firm Name Firm Name
Blackburn Consulting Consor North America,
Inc. Dokken Engineering Wood Rodgers, Inc.

Condor County
Consulting Dewberry
Ninyo & Moore
Geotechnical and
Environmental Sciences
Consultants
—
Landscape Architecture
Firm Name Firm Name Firm Name Firm Name
CSG Consultants, Inc.

Glenn A. Rick
Engineering &
Development Company
Kimley-Horn Nichols Consulting
Engineers, Chtd.

GHD Inc Integra Landscape
Architecture Melton Design Group, Inc. Wood Rodgers, Inc.

As the need for professional services arises, staff will issue a shortened Request for Proposal (RFP) to firms on a pre-established short list. Responses will be reviewed by a panel, and the firm determined to be most qualified to perform the desired duties will be selected, followed by execution of a Contract for Services executed. The contracts will include standard guarantees and obligations (e.g., insurance coverage). The firm selected for each contract will be chosen based on specific areas of strength and availability for timely response. All contracts up to $200,000 can be executed by the City Manager or their designee, while contracts above that limit will require City Council approval utilizing normal procedures.

Having an on-call list for professional consultants saves staff time in soliciting and reviewing qualification statements, while ensuring compliance with the City’s Purchasing Policy and State procurement requirements.

Federally funded projects may still require a competitive solicitation process for these services.

The on-call list of professional consultants will remain valid for three years and may be extended for up to two (2) additional one-year terms. This on-call list does not preclude City staff from conducting separate solicitations for the same or additional services.

Environmental Considerations
The approval of a list of on-call professional consultants is not subject to CEQA.

Commission Recommendation
N/A
Strategic Plan Integration
N/A
Alternatives
The City Council may decide to:

1. Approve the recommended action as stated above.

2. Reject all proposals and direct staff to repeat the Request for Qualifications process.

3. Reject all proposals and direct staff to issue Request for Proposals for each individual project.

Alternative 1 is recommended because having firms on the on-call list saves staff time in soliciting and reviewing qualification statements, while complying with the City’s Purchasing Policy and State Procurement requirements. 18 Citywide On-Call List of Professional Consultants
November 19, 2025

Coordination and Review
The report was prepared by the Capital Projects Department in coordination with, and reviewed by, the Finance Department.

Budget/Cost Impact
The approval of an on-call list does not guarantee a minimum or maximum number of hours or amount of services required from any single consultant. The cost of services provided will be billed to the individual capital projects approved by the City Council. Contract award amounts will be based on a negotiated scope of work and level of effort for each project or task. Prior to initiating individual projects, budgets will be reviewed with the Finance Department, and contracts will be approved by the City Council if necessary.

ATTACHMENT
None
19 CITY COUNCIL AGENDA REPORT
MEETING DATE: November 19, 2025 ITEM # 6
SUBJECT:

CONSIDERATION OF RESOLUTION 25-117 ACCEPTING THE WASHINGTON DISTRICT PARK IMPROVEMENTS INCLUDED IN THE “FOUR40 WEST” PROJECT

DEVELOPMENT AGREEMENT
INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ ] Council [X] Staff
[ ] Other
Laurie Ledesma, Program Manager
Economic Development and Housing Department
ATTACHMENT [X ] Yes [ ] No [ ] Information [ ] Direction [X] Action

OBJECTIVE
Exercise the City’s option to acquire the Washington District Park property and accept the park improvements required as part of the Four40 West Project Development Agreement.

RECOMMENDED ACTION
Staff respectfully recommends that the City Council:

1. Waive Section 7.3 of the Option Agreement between the City of West Sacramento and Blackpine 440 West, LLC to allow the City to exercise its option to acquire the Washington District Park property (APN 010-614- 020-000) at this time; and

2. Adopt Resolution 25-117 accepting the completed park improvements required as part of the Development Agreement for the Four40 West Project.

BACKGROUND
On January 17, 2024, City Council approved a Development Agreement between the City and Blackpine 440 West, LLC (Developer) for developing a new neighborhood park and enhanced frontage improvements as part of the Four40 West residential project. Under the terms of the Development Agreement, the Developer agreed to provide 0.43 acres of vacant real property to the City for a new public neighborhood park. The Development Agreement included an Option for the City to acquire the park land upon completion of park improvements, as well as a Reimbursement Agreement to facilitate the design and development of the new park, which was completed in October 2025. The terms of the Option Agreement inadvertently limited City acquisition of the park land and acceptance of park improvements until the 180-day warranty period expired.

ANALYSIS
The park improvements required in the Development Agreement have been completed to the satisfaction of City staff. Based on best practices, the City typically takes title to property before accepting public improvements.

Waiving Section 7.3 of the Option Agreement will allow the City to take title of the property prior to accepting the improvements and initiate the 180-day warranty period. Reimbursement costs for park improvements are not owed until the 180-day warranty period expires with the exception of costs associated with the public art feature and enhanced play structure equipment costs, not to exceed $200,000. During the 180-day warranty period, Developer will obtain an Encroachment Permit from the City to secure and maintain the park site.

Environmental Considerations
On January 17, 2024, the City Council found that the proposed project was within the scope of the EIR prepared for the General Plan 2035, and no new or substantially more adverse impacts would occur through implementation of the proposed project. As a result, no new environmental document was required, consistent with State CEQA Guidelines Section 15162 and 15168(c)(2). A Notice of Determination was filed with the County at that time.

Commission Recommendation
On November 16, 2023, the Planning Commission approved Resolution 23-5PC, which made required findings and recommended that the City Council adopt Ordinance 24-3 approving a Development Agreement with Blackpine 440 West, LLC for a future housing development located at 412-430 6th Street and 425 and 640-702 E Street in the Washington District, including a new neighborhood park. The Arts, Culture and Historic Preservation Commission provided input on the public art component over multiple meetings in 2024 and 2025.

Strategic Plan Integration
Acquiring the park land and accepting the park improvements promotes the City’s Strategic Plan goals of creating 20 Resolution 25-117 Washington District Park
November 19, 2025

a “Range of Quality Housing Choices” and “Comfortable Lifestyle and Living”.

Alternatives
In addition to the recommended action, the Council’s primary alternatives include:

1. Elect not to waive Section 7.3 of the Option Agreement, delaying the purchase of the property and acceptance of park improvements for an additional 180 days; or

2. Elect to waive Section 7.3 of the Option Agreement to purchase the property, but delay accepting the park improvements at this time.

These alternatives are not recommended as they conflict with standard City practice and prevent the City from potentially opening the park prior to the 180-day warranty period expiring.

Coordination and Review
This report has been coordinated with the City Engineer, Community Development, Capital Projects and Parks and Recreation departments.

Budget/Cost Impact
There are no budget actions with this item. Funding for park land acquisition and reimbursement of improvement costs has already been appropriated in CIP# 62142 (Washington Neighborhood Park).

Annual maintenance costs for the park and surrounding streetscape are anticipated to cost approximately $66,265 annually beginning May 2026. Appropriations from the General Fund are requested as part of the midyear budget, which will be considered by Council in January.

ATTACHMENTS

1. Resolution 25-117

2. Property Legal Description
21 Attachment 1
RESOLUTION 25-117

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST SACRAMENTO FOR

ACCEPTANCE OF THE WASHINGTON DISTRICT PARK IMPROVEMENTS INCLUDED IN THE “FOUR40 WEST” PROJECT DEVELOPMENT AGREEMENT
WHEREAS, on January 17, 2024, the City and Blackpine 440 West, LLC (Developer) entered into a Development Agreement for developing a new neighborhood park and enhanced frontage improvements as part of the Final Map of Subdivision 5211 and Subdivision 4936; and WHEREAS, the terms of the Development Agreement include an Option Agreement for the City to purchase the park land once all park improvements are deemed complete and accepted and the 180-day warranty period has expired; and WHEREAS, the terms of the Development Agreement also include a Reimbursement Agreement for park improvements once deemed complete and accepted and the 180-day warranty period has expired; and
WHEREAS, the City has determined that the required park improvements have been completed per City Standard Specifications; and
WHEREAS, consistent with City practice, the City desires to waive Section 7.3 of the Option Agreement in order to exercise its Option to purchase the park land and accept park improvements in advance of the 180-day warranty period expiring; WHEREAS, the Developer has requested that extraordinary costs associated with the public art installation and enhanced play structure costs be eligible for reimbursement prior to the 180-day warranty period expiring, not to exceed $200,000.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of West Sacramento hereby accepts the park improvements completed per the terms of the “FOUR40 WEST” project Development Agreement and authorizes reimbursement of extraordinary project costs not to exceed $200,000 in advance of the 180-day warranty period expiring.

PASSED AND ADOPTED by the City Council of the City of West Sacramento this 19th day of November 2025 by the following vote:

AYES:

NOES:

ABSENT:
________________________________
Martha Guerrero, Mayor
ATTEST:
________________________________
Jennifer Cusmir, City Clerk
22 Legal Description of Property
The land described herein is situated in the State of California, County of Yolo, City of West Sacramento, described as follows:

Lot H, Final Map of Subdivision No. 5211 and Subdivision No. 4936, Four40 West, filed for record November 13, 2023, in Book 2023 of Maps, at Pages 33-43, Yolo County Records, and as amended by Certificate of Correction recorded May 1, 2025, Instrument No. 2025-0007022, OƯicial Records.

APN: 010-614-020-000
ATTACHMENT 2
23 CITY COUNCIL AGENDA REPORT
MEETING DATE: November 19, 2025 ITEM # 7
SUBJECT:

CONSIDERATION OF THE TREASURER’S QUARTERLY FINANCIAL REPORT ON THE CITY’S INVESTMENT PORTFOLIO FOR THE PERIOD ENDING SEPTEMBER 30, 2025 INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ ] Council [X] Staff
[ ] Other
Marc Rotteveel, Senior Finance Analyst
Finance Department
ATTACHMENT [X] Yes [ ] No [X] Information [ ] Direction [ ] Action

OBJECTIVE
The purpose of this report is to provide the City Council with the treasurer’s quarterly report on the City’s investment portfolio for the quarter ending September 30, 2025 as outlined by the Government Code 53646(b) (1).

RECOMMENDED ACTION
Staff respectfully recommends that the City Council receive and file the Treasurer’s Quarterly Financial Report on the City’s investment portfolio for the period ending September 30, 2025.

BACKGROUND
All local agencies are required to file regular financial reports with their legislative body on the status of their investment portfolio. One of the roles of the City’s Finance Department, is to manage investments of the City to ensure that cash flow needs are met while maximizing the investment portfolio.

The funds invested in the City’s treasury comprise pooled cash from all Funds in the City’s General Ledger, including funds held in Trust for other agencies (i.e., the Yolo-Sacramento Port District and West Sacramento Flood Control Agency (WSAFCA) JPA). City staff structure investment maturities in such a way to optimize return while ensuring enough liquid funds are available to meet the operating and capital needs of the City and agencies for which the City acts as Treasurer. The pooled cash also includes impact fee revenues collected from developers and set aside until sufficient funds are available to implement the capital projects for which they were collected, and reserve funds for budget stabilization to ensure fiscal stability of the City and its various services to the community. As such, not all funds are available for spending on general government services.

The majority of the funds held in the City’s treasury are legally restricted and may only be used for the purposes for which they are collected. Moreover, the funds may only be invested in investments permitted by California Government Code 53600 (Code) et. al, and the City’s investment policy.

Under section 53646(b)(1) of the Government Code, the City Treasurer may prepare and transmit a quarterly financial report to the City Council on the City’s investment portfolio. This report includes:

1. The type of investment, issuer, date of maturity, and par and dollar amount invested on all securities, investments and funds held by the City;

2. A current market value as of the date of the report;

3. A stated compliance of the portfolio to the statement of the City’s adopted investment policy, or manner in which the portfolio is not in compliance; and

4. A statement denoting the ability of the local agency to meet its pool’s expenditure requirements for the next six months, or provide an explanation as to why sufficient money shall or may not be available. Once a year, the statement of investment policy is included in the report.

This quarterly report is produced in a format designed to provide stakeholders a broad profile of the City’s Investment Portfolio. While staff is only transmitting portions of the report with key investment results, a full report with additional detail is available upon request.

ANALYSIS
This quarterly financial update gives a snapshot of how the City’s pooled investment funds were doing as of September 30, 2025. At the end of the quarter, the City’s investments had a book value of approximately $322.4 million in invested funds and the market value of those investments was about $325.0 million. This difference 24 Quarterly Treasurer’s Report Ending September 30, 2025 November 19, 2025

means that if the City were to sell those investments on the open market as of September 30, the City would receive $2.6 million more that was originally paid for these funds. On top of that, the City has earned around $1.8 million in interest that hasn’t yet been paid out. Book Value is what was paid for the investments, adjusted over time. Market Value is what the funds are worth today based on current interest rates and market demand.

When interest rates go up, the market value of existing investments usually goes down, and vice versa.

Importantly, the City has cash available to pay its bills for the next six months and beyond. Two of the most flexible investment accounts in the City’s portfolio are LAIF (a State-run pool) and CAMP (another local government pool). These two accounts make up approximately 19.8% of the investment portfolio and can be accessed in just one day if needed. The City also had approximately $17.6 million in cash in its regular bank account as of September 30, which fluctuates based on day-to-day expenses. The City generally maintains more cash on hand during the first six months of the fiscal year to fund operating expenses and large annual payments (i.e., CalPERS UAL payment due in July) while the larger revenue payments are not received until the second half of the fiscal year (i.e., Property Tax in January and May).

The rest of the funds are invested in a mix of safe, longer-term investments that follow strict rules set by state law and the City’s own policies. City staff and consultant keep a close eye on how these investments are spread out (by type, maturity date, and issuer), and make adjustments regularly to respond to changes in the market.

On average, investments are set to mature in about 828 days which is slightly over two years.

The overall goal of the City’s investment approach is to keep tax dollars safe, accessible, and earning a reasonable return. City staff, together with the City’s investment adviser, keep a close watch on market trends and risks to make sure the portfolio stays strong.

City of West Sacramento Consolidated Sector Allocation
September 30, 2025 June 30, 2025
Agency

2.8%
Agency CMBS

6.9%
Asset Backed
Security

6.2%
Cash

14.6%
Corporate

16.7%
LAIF

21.2%
Local Gov
Investment
Pool

1.6%
Money
Market Fund

2.9%
Municipal
Bonds

0.7%
Supranational

2.9%
US Treasury

23.5%
Agency

1.7%
Agency
CMBS

8.0%
Asset Backed
Security

6.8%
Cash

7.1%
Corporate

19.8%
LAIF

17.9%
Local Gov
Investment
Pool

1.8%
Money
Market Fund

0.2%
Municipal
Bonds

0.8%
Supranational

3.3%
US Treasury

32.5%
25 Quarterly Treasurer’s Report Ending September 30, 2025 November 19, 2025

As of September 30, 2025, the City’s main investment portfolio (not including cash, LAIF, or CAMP) had a duration of 2.5 years which is a measure of how sensitive the portfolio is to interest rate changes. This is right in line with the City’s performance benchmarks. The City has also continued to maintain a healthy balance by diversifying across different sectors, issuers, and timelines.

Discussion of Performance
The following is a summary of the City’s holdings by investment type, including each sector’s yield to maturity.

Yield to maturity measures the interest income the City is expected to earn for the coming 12 months, assuming nothing in the portfolio changes. As of September 30, 2025, the weighted average yield to maturity of the City’s consolidated investments was 3.94%:

Investment Type Par Value Market Value Book Value % of
Portfolio
Days to
Maturity
Yield to
Maturity
Agency $5,400,000.00 $5,404,956.79 $5,397,427.01 1.66% 580 2.55% Agency CMBS $26,763,160.70 $26,144,662.59 $25,746,072.56 8.04% 1,102 4.47% Asset Backed Security $21,763,050.17 $21,971,916.70 $21,755,429.24 6.76% 1,278 4.75% Cash $23,196,765.71 $23,196,765.71 $23,196,765.71 7.14% 1 1.46% Corporate $63,761,000.00 $64,411,477.37 $63,526,523.41 19.82% 1,157 4.31% LAIF $58,275,353.21 $58,275,353.21 $58,275,353.17 17.93% 1 4.20% Local Gov Investment Pool $5,980,274.25 $5,980,274.25 $5,976,274.25 1.84% 1 4.27% Money Market Fund $665,840.19 $665,840.19 $665,840.19 0.20% 1 4.03% Municipal Bonds $2,400,000.00 $2,462,688.00 $2,407,912.62 0.76% 1,402 4.41% Supranational $10,775,000.00 $10,761,094.10 $10,676,489.91 3.31% 858 2.93% US Treasury $105,280,000.00 $105,759,755.51 $104,792,509.80 32.54% 829 3.94% Grand Total $324,260,444.22 $325,034,784.42 $322,416,597.87 100% 723 3.94% The portfolio’s return comprises interest income as well as fair value appreciation, both of which are a function of movements in interest rates available in the capital markets. Interest income continues to be robust (the investment portfolio of securities is expected to earn was also 4.10% (purchase yield) for the next year (up from

4.04% last quarter; when LAIF, CAMP and cash are included the expected earnings are 3.94%). The City’s reinvestment yield (market yield) has been hovering in the 3.76% range as rates in the market have moved slightly lower. Staff continues to work closely with the City’s investment adviser to diversify the portfolio in order to improve safety, liquidity, and return. In the current quarter, staff will continue to evaluate liquidity needs and, where possible, continue the investment in longer-duration securities.

Economic Outlook
The federal government shutdown that began on October 1 has delayed the release of key economic data, while uncertainty around trade policy has added to market volatility. Inflation remains above the Federal Reserve’s

29.5%

3.0%

11.2%

15.3%

41.1% 44.1%

1.5%

8.0%

12.1%

34.2%
0%
10%
20%
30%
40%
50%
60%
70%
0-0.50 0.50-1 1-2 2-3 3-5
9/30/2025 6/30/2025
City of West Sacramento Consolidated Maturity Distribution

29.5%

3.0%

11.2%

15.3%

41.1% 44.1%

1.5%

8.0%

12.1%

34.2%
0%
10%
20%
30%
40%
50%
60%
70%
0-0.50 0.50-1 1-2 2-3 3-5
9/30/2025 6/30/2025
City of West Sacramento Consolidated Maturity Distribution

29.5%

3.0%

11.2%

15.3%

41.1% 44.1%

1.5%

8.0%

12.1%

34.2%
0%
10%
20%
30%
40%
50%
60%
70%
0-0.50 0.50-1 1-2 2-3 3-5
9/30/2025 6/30/2025
City of West Sacramento Consolidated Maturity Distribution 26 Quarterly Treasurer’s Report Ending September 30, 2025 November 19, 2025

target, and the job market is showing early signs of slowing. In response, the Federal Reserve lowered its benchmark interest rate by a quarter of a percent in September, bringing it to a range of 4.00% to 4.25%. The decision was widely expected and reflects the Fed’s cautious approach as it monitors the economy. Treasury yields declined slightly during the month, with the 2-year Treasury ending at 3.57% and the 10-year at 4.12%.

These yields represent the interest investors earn on U.S. government bonds and help indicate expectations for inflation and future economic growth. The overall yield curve remains relatively flat, suggesting that investors expect gradual adjustments to monetary policy and modest economic growth in the near term.

Environmental Considerations
Not Applicable
Commission Recommendation
Not applicable
Strategic Plan Integration
The City’s mission includes a City Government that is Financially Sound, and the Council’s goal for achieving a Financially Sound City Government is furthered by investing the City treasury in a manner that ensures safety and liquidity first, and where possible a yield on “excess cash”. The preparation of regular quarterly reports on the City’s investments supports the mission and this goal.

Alternatives
Since this agenda report transmits a quarterly financial report pursuant to Government Code section 53646(b) (1), alternatives have not been presented.

Coordination and Review
Not applicable
Budget/Cost Impact
The investment portfolio, as a whole, earned returns at least consistent with the revenue estimates contained in the budget.

ATTACHMENT

1. Excerpts from Chandler Asset Management Investment Report (September 30, 2025) 27 CONFIDENTIAL | 2
City of West Sacramento Cons Portfolio | Account #10677 | As of September 30, 2025 Execution Time: 10/16/2025 03:06:39 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Average Modified Duration 1.93
Average Coupon 3.70%
Average Purchase YTM 3.94%
Average Market YTM 3.76%
Average Credit Quality* AA+
Average Final Maturity 2.27
Average Life 1.98
End Values as of
08/31/2025
End Values as of
09/30/2025
Market Value 362,721,283.90 325,034,784.24
Accrued Interest 1,607,709.42 1,781,633.71
Total Market Value 364,328,993.32 326,816,417.95
Income Earned 547,579.81 1,082,263.72
Cont/WD 1,527,374.40 (38,447,224.06)
Par 361,880,073.46 324,260,444.17
Book Value 359,986,224.85 322,416,597.80
Cost Value 358,908,589.50 321,304,445.36
United States 32.54%
LAIF 17.93%
FHLMC 8.04%
JPMorgan Chase & Co. 6.43%
International Bank for Recon and Dev 2.65%
California Asset Mgmt Program 1.84%
Massachusetts Mutual Life Insurance 1.27%
Deere & Company 0.96%
*The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

ATTACHMENT 1
28 STATEMENT OF COMPLIANCE
City of West Sacramento Cons Portfolio | Account #10677 | As of September 30, 2025 Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 20.0 8.0 Compliant
Max % Issuer (MV) 30.0 8.0 Compliant
Max Maturity (Years) 5.0 4.3 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 6.8 Compliant
Max % Issuer (MV) 5.0 0.5 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

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

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

COLLATERALIZED BANK DEPOSITS
Max % (MV) 100.0 0.0 Compliant
Max % Issuer (MV) 0.0 0.0 Compliant
COLLATERALIZED TIME DEPOSITS (NONNEGOTIABLE 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
16 ATTACHMENT 1
29 STATEMENT OF COMPLIANCE
City of West Sacramento Cons Portfolio | Account #10677 | As of September 30, 2025 Rules Name Limit Actual Compliance
Status Notes
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 19.8 Compliant
Max % Issuer (MV) 5.0 1.3 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED 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 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 1.7 Compliant
Max % Issuer (MV) 30.0 0.7 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 2 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max % (MV) 100.0 17.9 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.2 Compliant
Max % Issuer (MV) 20.0 0.2 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant
MORTGAGE-BACKED SECURITIES, CMOS (NONAGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.8 Compliant
17 ATTACHMENT 1
30 STATEMENT OF COMPLIANCE
City of West Sacramento Cons Portfolio | Account #10677 | As of September 30, 2025 Rules Name Limit Actual Compliance
Status Notes
Max % Issuer (MV) 5.0 0.8 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

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

MUTUAL FUNDS
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 10.0 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

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 3.3 Compliant
Max % Issuer (MV) 10.0 2.7 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 32.5 Compliant
Max Maturity (Years) 5 4 Compliant
18 ATTACHMENT 1
31 PORTFOLIO CHARACTERISTICS
City of West Sacramento Operating Portfolio | Account #10675 | As of September 30, 2025 Benchmark* 9/30/2025
Portfolio
6/30/2025
Portfolio
Average Maturity (yrs) 2.65 3.10 2.96
Average Modified Duration 2.48 2.63 2.50
Average Purchase Yield 4.10% 4.04%
Average Market Yield 3.66% 3.87% 4.04%
Average Quality** AA+ AA+ AA+
Total Market Value 239,378,019 236,138,176
*Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 19 ATTACHMENT 1
32 PORTFOLIO CHARACTERISTICS
City of West Sacramento Reporting Portfolio | Account #10676 | As of September 30, 2025 9/30/2025
Portfolio
6/30/2025
Portfolio
Average Maturity (yrs) 0.00 0.00
Average Modified Duration 0.00 0.00
Average Purchase Yield 3.49% 3.11%
Average Market Yield 3.47% 3.09%
Average Quality** AAA AAA
Total Market Value 87,438,399 140,110,765
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 26 ATTACHMENT 1
33 HOLDINGS REPORT
City of West Sacramento Operating Portfolio | Account #10675 | As of September 30, 2025 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
47787JAC2 JDOT 2022 A3 2.32 09/15/2026 10,818.26 03/10/2022

2.34%
10,815.87
10,817.79

99.92 4.46%
10,809.46

11.15 0.00%
(8.33)
Aaa/NA
AAA

0.96 0.04
47800AAC4 JDOT 2022-B A3 3.74 02/16/2027 93,911.32 07/12/2022

3.77%
93,902.35
93,908.72

99.86 4.30%
93,783.23
156.10

0.04%
(125.49)
Aaa/NA
AAA

1.38 0.26
44934FAD7 HALST 2024-B A3 5.41 05/17/2027 495,000.00 05/14/2024

5.41%
494,986.24
494,992.51
100.71

4.26%
498,520.84
1,190.20

0.21%
3,528.32
NA/AAA
AAA

1.63 0.59
47800BAC2 JDOT 2022-C A3 5.09 06/15/2027 228,320.59 10/12/2022

3.29%
228,302.87
228,314.62
100.33

4.32%
229,077.84
516.51

0.10%
763.22
Aaa/NA
AAA

1.71 0.40
36269WAD1 GMALT 2024-2 A3 5.39
07/20/2027 460,000.00 05/07/20245.85%
459,973.27
459,984.86
100.68

4.14%
463,149.02
757.59

0.19%
3,164.16
NA/AAA
AAA

1.80 0.52
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 335,000.00 05/17/20245.73%
334,960.81
334,975.37
101.27

4.07%
339,259.59
792.09

0.14%
4,284.22
Aaa/NA
AAA

2.30 0.97
44935WAD9 HALST 2025-A A3 4.83
01/18/2028 945,000.00 01/14/20254.83%
944,929.22
944,945.57
101.13

3.99%
955,649.68
2,028.60

0.40%
10,704.11
NA/AAA
AAA

2.30 1.26
44935DAD1 HALST 2025-B A3 4.53 04/17/2028 1,625,000.00 --

4.47%
1,626,662.31
1,626,359.93
100.89

3.99%
1,639,424.48
3,271.67

0.69%
13,064.54
NA/AAA
AAA

2.55 1.51
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 1,070,000.00 05/20/20254.84%
1,069,982.24
1,069,984.28
100.92

3.97%
1,079,873.85
1,497.41

0.45%
9,889.57
NA/AAA
AAA

2.64 1.40
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,350,000.00 09/07/2023

5.23%
1,349,625.78
1,349,778.79
101.21

3.90%
1,366,272.63
3,096.00

0.58%
16,493.84
NA/AAA
AAA

2.96 0.91
437930AC4 HAROT 2024-2 A3 5.27
11/20/2028 435,000.00 05/14/2024

5.27%
434,947.15
434,963.16
101.36

3.89%
440,913.13
827.83

0.19%
5,949.97
NA/AAA
AAA

3.14 0.94
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 570,000.00 06/04/20245.18%
569,913.42
569,937.42
101.18

3.92%
576,719.16
492.10

0.24%
6,781.74
Aaa/AAA
NA

3.41 0.89
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 805,000.00 08/09/2024

4.66%
804,873.53
804,904.22
100.79

3.92%
811,389.29
1,021.90

0.34%
6,485.06
Aaa/NA
AAA

3.47 1.14
05522RDJ4 BACCT 2024-1 A 4.93 05/15/2029 645,000.00 06/06/2024

4.93%
644,963.82
644,973.48
101.69

3.88%
655,932.69
1,413.27

0.28%
10,959.20
Aaa/AAA
NA

3.62 1.53
477911AD3 JDOT 2024-C A3 4.06 06/15/2029 1,400,000.00 01/22/2025

4.72%
1,381,296.88
1,384,223.62
100.19

3.99%
1,402,627.38
2,526.22

0.59%
18,403.76
Aaa/NA
AAA

3.71 1.73
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 1,145,000.00 11/19/20244.66%
1,144,963.25
1,144,969.91
101.17

3.92%
1,158,391.00
2,345.98

0.49%
13,421.09
Aaa/NA
AAA

3.87 1.58
36 ATTACHMENT 1
34 HOLDINGS REPORT
City of West Sacramento Operating Portfolio | Account #10675 | As of September 30, 2025 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
89240JAD3 TAOT 2025-A A3 4.64 08/15/2029 1,160,000.00 01/22/2025

4.69%
1,159,953.48
1,159,960.35
101.27

3.83%
1,174,689.43
2,392.18

0.49%
14,729.08
Aaa/NA
AAA

3.87 1.47
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 945,000.00 03/04/2025

5.09%
944,940.56
944,947.90
100.55

4.02%
950,192.21
1,776.60

0.40%
5,244.30
Aaa/NA
AAA

3.96 2.21
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 1,000,000.00 05/20/20254.39%
1,004,492.19
1,004,015.37
100.93

3.95%
1,009,282.90
760.00

0.42%
5,267.53
Aaa/AAA
NA

3.99 1.42
92970QAE5 WFCIT 2024-2 A 4.29 10/15/2029 720,000.00 10/17/2024

4.29%
719,893.01
719,913.15
100.83

3.90%
725,948.06
1,372.80

0.31%
6,034.92
Aaa/AAA
NA

4.04 1.92
44935CAD3 HART 2025-A A3 4.32 10/15/2029 1,190,000.00 03/04/2025

4.84%
1,189,824.47
1,189,845.70
100.76

3.89%
1,199,089.58
2,284.80

0.50%
9,243.87
NA/AAA
AAA

4.04 1.61
437921AD1 HAROT 252 A3 4.15 10/15/2029 620,000.00 04/29/2025

4.15%
619,930.75
619,936.99
100.34

4.00%
622,135.96
1,143.56

0.26%
2,198.97
Aaa/NA
AAA

4.04 1.87
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 770,000.00 01/09/20255.03%
769,942.79
769,951.04
101.12

3.83%
778,654.49
1,482.25

0.33%
8,703.46
Aaa/NA
AAA

4.21 1.34
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029 1,120,000.00 01/14/20254.84%
1,119,761.78
1,119,795.20
101.33

3.89%
1,134,914.37
2,379.38

0.48%
15,119.16
Aaa/NA
AAA

4.21 1.41
02582JKM1 AMXCA 2025-1 A 4.56 12/17/2029 1,000,000.00 05/20/2025

4.40%
1,004,726.56
1,004,056.38
101.47

3.90%
1,014,692.80
2,026.67

0.43%
10,636.42
NA/AAA
AAA

4.21 2.06
02582JKP4 AMXCA 2025-2 A 4.28 04/15/2030 1,625,000.00 05/06/2025

4.28%
1,624,970.59
1,624,972.90
100.96

3.92%
1,640,523.63
3,091.11

0.69%
15,550.73
NA/AAA
AAA

4.54 2.36
21,753,535.19 100.96 21,971,916.69 9.25% 3.50
Total ABS 21,763,050.17 4.75% 21,755,429.22 3.95% 40,653.96 216,487.47 1.50 AGENCY
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025 2,200,000.00 --0.56%
2,193,135.20
2,199,860.42

99.63 4.22%
2,191,832.68
4,400.00

0.92%
(8,027.75)
Aa1/AA+
AA+

0.10 0.10
880591EZ1 TENNESSEE VALLEY AUTHORITY

3.875 03/15/2028 1,200,000.00 05/01/20233.81%
1,203,612.00
1,201,819.20
100.37

3.71%
1,204,481.65
2,066.67

0.51%
2,662.45
Aa1/AA+
AA+

2.46 2.32
3133EPME2 FEDERAL FARM CREDIT BANKS
FUNDING CORP 3.875 06/08/2028 2,000,000.00 06/07/2023

3.96%
1,992,080.00
1,995,747.39
100.43

3.70%
2,008,642.46
24,326.39

0.85%
12,895.07
Aa1/AA+
AA+

2.69 2.50
5,388,827.20 100.09 5,404,956.79 2.27% 1.59
Total Agency 5,400,000.00 2.55% 5,397,427.01 3.91% 30,793.06 7,529.78 1.49 37 ATTACHMENT 1
35 HOLDINGS REPORT
City of West Sacramento Operating Portfolio | Account #10675 | As of September 30, 2025 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

AGENCY CMBS
3137BSP72 FHMS K-058 A2 2.653 08/25/2026 500,000.00 11/12/2021

1.36%
528,808.59
505,097.68

98.82 3.87%
494,107.90
1,105.42

0.21%
(10,989.78)
Aa1/AA+
AAA

0.90 0.84
3137BSRE5 FHMS K-059 A2 3.12 09/25/2026 999,665.11 02/18/2022

1.98%
1,042,463.27
1,008,354.43

99.15 3.89%
991,171.76
2,599.13

0.42%
(17,182.68)
Aa1/AAA
AAA

0.99 0.86
3137BTAC5 FHMS K-060 A2 3.3 10/25/2026 1,000,000.00 10/31/2022

4.80%
946,875.00
986,421.13

99.29 3.81%
992,880.20
2,750.00

0.42%
6,459.07
Aa1/AA+
AAA

1.07 1.02
3137FBBX3 FHMS K-068 A2 3.244 08/25/2027 2,000,000.00 --

4.59%
1,887,460.94
1,956,865.89

98.83 3.82%
1,976,554.40
5,406.67

0.83%
19,688.51
Aaa/AA+
AA+

1.90 1.75
3137FBU79 FHMS K-069 A2 3.187 09/25/2027 1,464,495.59 04/13/2023

4.08%
1,411,865.28
1,441,426.57

98.57 3.87%
1,443,595.04
3,889.46

0.61%
2,168.47
Aa1/AAA
AA+

1.99 1.84
3137F4D41 FHMS K-074 A2 3.6 01/25/2028 1,000,000.00 03/14/2023

5.09%
966,757.81
984,394.59

99.28 3.86%
992,805.20
3,000.00

0.42%
8,410.61
Aa1/AA+
AAA

2.32 2.12
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 3,530,000.00 --

4.94%
3,369,780.09
3,436,559.59

99.91 3.87%
3,526,806.41
11,472.50

1.48%
90,246.82
Aa1/AA+
AAA

2.90 2.67
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 1,000,000.00 11/28/2023

4.74%
964,531.25
978,220.23

99.96 3.87%
999,646.90
3,266.67

0.42%
21,426.67
Aa1/AA+
AAA

2.99 2.70
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 2,237,000.00 03/25/2024

4.61%
2,014,523.35
2,085,102.15

94.85 3.94%
2,121,786.67
4,213.02

0.89%
36,684.52
Aa1/AA+
AAA

3.32 3.06
3137FKZZ2 FHMS K-088 A2 3.69 01/25/2029 1,400,000.00 07/29/2024

4.47%
1,355,265.63
1,367,113.59

99.29 3.87%
1,390,088.14
4,305.00

0.59%
22,974.55
Aaa/AA+
AA+

3.32 3.00
3137FLMV3 FHMS K-090 A2 3.422 02/25/2029 1,520,000.00 03/18/2024

4.70%
1,434,975.00
1,461,706.71

98.38 3.90%
1,495,334.66
4,334.53

0.63%
33,627.95
Aa1/AAA
AA+

3.41 3.10
3137FLN91 FHMS K-091 A2 3.505 03/25/2029 2,810,000.00 11/15/2024

4.65%
2,686,074.61
2,711,065.97

98.62 3.90%
2,771,150.35
8,207.54

1.17%
60,084.38
Aa1/AAA
AA+

3.48 3.12
3137FMTY8 FHMS K-094 A2 2.903 06/25/2029 1,052,000.00 12/19/2024

4.68%
977,168.28
990,148.35

96.43 3.93%
1,014,438.76
2,544.96

0.43%
24,290.41
Aa1/AA+
AAA

3.73 3.40
3137FNX54 FHMS K-097 A2 2.508 07/25/2029 1,250,000.00 10/22/2024

4.32%
1,153,417.97
1,172,677.90

94.90 3.95%
1,186,250.00
2,612.50

0.50%
13,572.10
Aaa/AA+
AA+

3.82 3.54
3137H9D71 FHMS K-750 A2 3.0 09/25/2029 3,000,000.00 11/14/2024

4.63%
2,802,304.69
2,838,064.12

96.63 3.98%
2,898,988.80
7,500.00

1.22%
60,924.68
Aa1/AA+
AAA

3.99 3.33
3137FRUT6 FHMS K-106 A2 2.069 01/25/2030 2,000,000.00 06/06/2025

4.37%
1,810,078.13
1,822,853.66

92.45 3.99%
1,849,057.40
3,448.33

0.78%
26,203.74
Aa1/AA+
AAA

4.32 4.02
38 ATTACHMENT 1
36 HOLDINGS REPORT
City of West Sacramento Operating Portfolio | Account #10675 | As of September 30, 2025 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
25,352,349.89 97.74 26,144,662.57 11.00% 3.02
Total Agency CMBS 26,763,160.70 4.47% 25,746,072.54 3.90% 70,655.72 398,590.03 2.73 CASH
CCYUSD Receivable 13,994.57 -- 13,994.57
13,994.57

1.00 0.00%
13,994.57

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00
13,994.57 1.00 13,994.57 0.01% 0.00
Total Cash 13,994.57 13,994.57 0.00% 0.00 0.00 0.00

CORPORATE
40139LBC6 GUARDIAN LIFE GLOBAL FUNDING

0.875 12/10/2025 1,100,000.00 --1.12%
1,088,890.00
1,099,490.79

99.36 4.25%
1,092,923.90
2,967.71

0.46%
(6,566.89)
Aa1/AA+
NA

0.19 0.19
66815L2A6 NORTHWESTERNMUTUAL
GLOBAL FUNDING 0.8 01/14/2026 650,000.00 12/06/20211.46% 632,755.50
648,791.27

99.03 4.23%
643,676.53
1,112.22

0.27%
(5,114.75)
Aa1/AA+
AAA

0.29 0.28
023135BX3 AMAZON.COM INC 1.0
05/12/2026 1,655,000.00 05/10/20211.09%
1,647,850.40
1,654,126.86

98.24 3.93%
1,625,846.43
6,390.14

0.68%
(28,280.43)
A1/AA
AA0.610.60
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 275,000.00 --1.08%
275,889.15
275,099.65

98.20 4.11%
270,051.44
1,194.72

0.11%
(5,048.22)
A2/A+
A

0.62 0.61
89236TJK2 TOYOTA MOTOR CREDIT CORP

1.125 06/18/2026 1,130,000.00 06/15/20211.13%
1,129,502.80
1,129,929.21

97.99 4.01%
1,107,254.75
3,637.19

0.47%
(22,674.46)
A1/A+
A+

0.71 0.70
57629WDE7 MASSMUTUAL GLOBAL FUNDING
II 1.2 07/16/2026 772,000.00 08/10/20211.21%
771,785.72
771,965.70

97.78 4.07%
754,897.23
1,930.00

0.32%
(17,068.47)
Aa3/AA+
AA+

0.79 0.77
58989V2D5 MET TOWER GLOBAL FUNDING

1.25 09/14/2026 585,000.00 09/07/20211.27%
584,461.80
584,897.43

97.50 3.95%
570,365.40
345.31

0.24%
(14,532.03)
Aa3/AAAA0.96

0.93 931142ER0 WALMART INC 1.05 09/17/2026 265,000.00 09/08/2021

1.09%
264,499.15
264,903.72

97.46 3.76%
258,273.66
108.21

0.11%
(6,630.07)
Aa2/AA
AA

0.96 0.94
26442CAS3 DUKE ENERGY CAROLINAS LLC

2.95 12/01/2026 1,355,000.00 10/28/2022

4.88%
1,258,727.25
1,327,493.50

98.92 3.90%
1,340,403.06
13,324.17

0.56%
12,909.56
Aa3/A
NA

1.17 1.12
59217GER6 METROPOLITAN LIFE GLOBAL
FUNDING I 1.875 01/11/2027 845,000.00 01/03/20221.90%
844,036.70
844,753.63

97.37 4.01%
822,752.38
3,520.83

0.35%
(22,001.25)
Aa3/AAAA1.28

1.24 808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 725,000.00 03/01/20222.46%
724,796.70
724,939.83

97.84 4.03%
709,318.22
1,381.53

0.30%
(15,621.61)
A2/AA1.42

1.38 39 ATTACHMENT 1
37 HOLDINGS REPORT
City of West Sacramento Operating Portfolio | Account #10675 | As of September 30, 2025 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
084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027 1,225,000.00 03/07/20222.30%
1,224,767.25
1,224,932.44

97.92 3.78%
1,199,504.00
1,252.22

0.50%
(25,428.44)
Aa2/AA
A+

1.45 1.41
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 455,000.00 05/05/20224.03%
454,262.90
454,763.45
100.16

3.90%
455,708.85
7,128.33

0.19%
945.40
A2/A+
A+

1.61 1.44
91324PEG3 UNITEDHEALTH GROUP INC 3.7
05/15/2027 465,000.00 05/17/20223.69%
465,220.50
465,068.67

99.61 3.95%
463,206.60
6,499.67

0.19%
(1,862.07)
A2/A+
A

1.62 1.54
14913R3A3 CATERPILLAR FINANCIAL SERVICES
CORP 3.6 08/12/2027 1,000,000.00 11/02/20225.05%
938,730.00
976,082.89

99.58 3.84%
995,776.93
4,900.00

0.42%
19,694.04
A2/A
A+

1.87 1.78
756109BG8 REALTY INCOME CORP 3.95
08/15/2027 1,425,000.00 --5.41%
1,337,997.25
1,390,882.99

99.90 4.00%
1,423,573.48
7,192.29

0.60%
32,690.48
A3/ANA1.87

1.78 24422EXZ7 JOHN DEERE CAPITAL CORP 4.65
01/07/2028 1,310,000.00 01/06/20254.66%
1,309,607.00
1,309,702.28
101.63

3.89%
1,331,407.50
14,213.50

0.56%
21,705.21
A1/A
A+

2.27 2.12
61690U8A1 MORGAN STANLEY BANK NA

4.952 01/14/2028 1,500,000.00 11/20/20244.79%
1,504,785.00
1,502,868.56
100.99

4.61%
1,514,785.88
15,887.67

0.64%
11,917.32
Aa3/A+
AA2.291.23
46647PEA0 JPMORGAN CHASE & CO 5.04
01/23/2028 1,000,000.00 11/20/20244.81%
1,004,560.00
1,002,754.40
101.13

4.64%
1,011,341.88
9,520.00

0.43%
8,587.48
A1/A
AA2.311.25
57636QAW4 MASTERCARD INC 4.875
03/09/2028 775,000.00 03/06/2023

4.90%
774,248.25
774,633.79
102.31

3.87%
792,868.54
2,308.85

0.33%
18,234.75
Aa3/A+
NA

2.44 2.21
63743HFG2

NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 4.8
03/15/2028
900,000.00 04/10/2023

4.39%
915,975.00
907,825.04
101.85

4.00%
916,658.36
1,920.00

0.39%
8,833.32
A2/AA2.46

2.22 74340XCG4 PROLOGIS LP 4.875 06/15/2028 1,600,000.00 --

5.02%
1,589,759.50
1,594,375.45
102.29

3.97%
1,636,615.63
22,966.67

0.69%
42,240.18
A2/A
NA

2.71 2.41
24422EXB0 JOHN DEERE CAPITAL CORP 4.95
07/14/2028 1,000,000.00 09/12/20235.06%
995,310.00
997,297.60
102.69

3.92%
1,026,911.66
10,587.50

0.43%
29,614.06
A1/A
A+

2.79 2.56
89115A2U5 TORONTO-DOMINION BANK 5.523
07/17/2028 1,400,000.00 --5.45%
1,404,594.00
1,402,592.58
103.80

4.07%
1,453,138.22
15,893.97

0.61%
50,545.63
A2/AAA2.80

2.55 06051GKW8 BANK OF AMERICA CORP 4.948
07/22/2028 1,500,000.00 11/20/20244.82%
1,504,650.00
1,503,149.38
101.44

4.82%
1,521,594.11
14,225.50

0.64%
18,444.72
A1/AAA2.81

1.70 78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028 1,000,000.00 08/07/20235.31%
995,280.00
997,314.35
103.12

4.02%
1,031,226.04
8,666.67

0.43%
33,911.69
A1/A
AA2.842.60
74456QBX3 PUBLIC SERVICE ELECTRICAND
GAS CO 3.65 09/01/2028 1,000,000.00 12/07/20234.77%
953,250.00
971,126.59

99.03 4.00%
990,321.95
3,041.67

0.42%
19,195.36
A1/A
NA

2.92 2.73
40 ATTACHMENT 1
38 HOLDINGS REPORT
City of West Sacramento Operating Portfolio | Account #10675 | As of September 30, 2025 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
66815L2Q1

NORTHWESTERNMUTUAL
GLOBAL FUNDING 4.71
01/10/2029
800,000.00 --

4.67%
801,507.56
800,987.71
101.75

4.13%
813,980.36
8,478.00

0.34%
12,992.65
Aa1/AA+
AAA

3.28 2.98
57629W5B2 MASSMUTUAL GLOBAL FUNDING
II 4.85 01/17/2029 800,000.00 01/09/20244.85%
799,896.00
799,931.46
102.15

4.14%
817,224.44
7,975.56

0.34%
17,292.98
Aa3/AA+
AA+

3.30 3.00
46647PAM8 JPMORGAN CHASE & CO 3.509
01/23/2029 1,300,000.00 01/18/2024

5.07%
1,227,577.00
1,258,162.21

98.68 4.43%
1,282,874.39
8,616.54

0.54%
24,712.18
A1/A
AA3.312.18
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,250,000.00 04/09/20244.85%
1,236,725.00
1,240,792.17
101.86

4.00%
1,273,231.73
9,743.06

0.54%
32,439.56
A1/A+
NA

3.34 3.04
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 685,000.00 02/21/20244.86%
684,760.25
684,836.75
102.61

4.02%
702,900.84
3,229.97

0.30%
18,064.08
A1/AANA3.41

3.03 06051GMT3 BANK OF AMERICA CORP 4.623
05/09/2029 1,000,000.00 05/19/20254.64%
999,600.00
999,649.40
101.24

4.42%
1,012,389.11
18,235.17

0.43%
12,739.71
A1/AAA3.61

2.39 64952WFG3 NEW YORK LIFE GLOBAL FUNDING

5.0 06/06/2029 650,000.00 06/03/20245.04%
648,752.00
649,081.43
102.84

4.16%
668,445.07
10,381.94

0.28%
19,363.64
Aa1/AA+
AAA

3.68 3.29
24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029 750,000.00 06/07/20245.04%
743,835.00
745,445.46
102.73

4.05%
770,467.35
11,114.58

0.32%
25,021.89
A1/A
A+

3.70 3.32
341081GT8 FLORIDA POWER & LIGHT CO 5.15
06/15/2029 1,000,000.00 06/13/2024

4.82%
1,013,864.81
1,010,160.71
103.77

4.04%
1,037,718.34
15,163.89

0.44%
27,557.63
Aa2/A+
AA3.713.18
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,000,000.00 06/20/2024

4.84%
995,870.00
996,917.20
102.41

4.05%
1,024,063.81
12,666.67

0.43%
27,146.61
A2/A
A

3.73 3.29
713448FX1 PEPSICO INC 4.5 07/17/2029 1,165,000.00 07/15/2024

4.53%
1,163,194.25
1,163,630.36
101.78

3.99%
1,185,705.38
10,776.25

0.50%
22,075.02
A1/A+
NA

3.79 3.36
30303M8S4 META PLATFORMS INC 4.3
08/15/2029 760,000.00 08/12/20244.33%
758,820.12
759,086.34
101.27

3.94%
769,665.01
4,175.78

0.32%
10,578.68
Aa3/AANA3.87

3.45 171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 721,000.00 08/12/2024

4.52%
725,073.59
724,138.59
101.97

4.09%
735,181.60
4,283.94

0.31%
11,043.01
A2/A
A

3.87 3.43
40139LBJ1 GUARDIAN LIFE GLOBAL FUNDING

4.179 09/26/2029 940,000.00 09/23/20244.18%
940,000.00
940,000.00

99.95 4.19%
939,541.24
545.59

0.40%
(458.76)
Aa1/AA+
NA

3.99 3.63
14913UAU4 CATERPILLAR FINANCIAL SERVICES
CORP 4.7 11/15/2029 2,000,000.00 --4.70%
2,000,040.00
2,000,031.17
102.43

4.05%
2,048,534.00
35,511.11

0.86%
48,502.83
A2/A
A+

4.13 3.66
857449AE2 STATE STREET BANK AND TRUST
CO 4.782 11/23/2029 2,000,000.00 11/29/20244.60%
2,016,280.00
2,013,565.17
102.56

4.10%
2,051,120.10
34,005.33

0.86%
37,554.93
Aa2/AAAA4.15

3.68 41 ATTACHMENT 1
39 HOLDINGS REPORT
City of West Sacramento Operating Portfolio | Account #10675 | As of September 30, 2025 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
26444HAH4 DUKE ENERGY FLORIDA LLC 2.5
12/01/2029 1,368,000.00 12/02/20244.63%
1,239,667.92
1,260,915.89

93.95 4.09%
1,285,173.41
11,400.00

0.54%
24,257.53
A1/A
NA

4.17 3.86
64952WFK4 NEW YORK LIFE GLOBAL FUNDING

4.6 12/05/2029 1,560,000.00 12/02/20244.61%
1,559,110.80
1,559,256.89
101.57

4.19%
1,584,429.99
23,122.67

0.67%
25,173.10
Aa1/AA+
AAA

4.18 3.72
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 1,540,000.00 01/02/20254.95%
1,536,827.60
1,537,288.00
102.53

4.24%
1,579,006.15
17,188.11

0.66%
41,718.15
Aa3/AAAA4.28

3.79 89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 1,660,000.00 01/06/2025

5.00%
1,656,447.60
1,656,963.15
103.01

4.17%
1,709,961.67
18,716.50

0.72%
52,998.52
A1/A+
A+

4.28 3.79
57629TBV8 MASSMUTUAL GLOBAL FUNDING
II 4.95 01/10/2030 1,500,000.00 01/03/20254.96%
1,499,280.00
1,499,384.10
102.54

4.29%
1,538,111.40
16,706.25

0.65%
38,727.30
Aa3/AA+
AA+

4.28 3.79
46647PEB8 JPMORGAN CHASE & CO 5.012
01/23/2030 1,000,000.00 01/21/20255.02%
999,750.00
999,792.95
102.45

4.48%
1,024,450.67
9,467.11

0.43%
24,657.72
A1/A
AA4.313.01
63743HFX5

NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 4.95
02/07/2030
1,000,000.00 02/05/2025

4.88%
1,002,872.78
1,002,495.08
103.01

4.19%
1,030,082.76
7,425.00

0.43%
27,587.68
A2/NA
A

4.36 3.80
00287YDZ9 ABBVIE INC 4.875 03/15/2030 2,000,000.00 05/21/2025

4.67%
2,017,080.00
2,015,776.79
102.94

4.15%
2,058,720.96
4,333.33

0.87%
42,944.17
A3/ANA4.45

3.91 40139LBK8 GUARDIAN LIFE GLOBAL FUNDING

4.798 04/28/2030 1,000,000.00 05/19/20254.62%
1,007,620.00
1,007,053.99
102.21

4.26%
1,022,051.77
20,391.50

0.43%
14,997.78
Aa1/AA+
NA

4.57 4.00
57629TBX4 MASSMUTUAL GLOBAL FUNDING
II 4.55 05/07/2030 1,000,000.00 05/19/20254.68%
994,200.00
994,628.68
100.97

4.31%
1,009,734.11
18,200.00

0.42%
15,105.43
Aa3/AA+
AA+

4.60 4.04
69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 1,000,000.00 05/19/2025

4.57%
999,060.00
999,129.44
101.80

4.12%
1,017,961.00
18,073.61

0.43%
18,831.56
A1/A+
NA

4.60 4.05
74153WCW7 PRICOA GLOBAL FUNDING I 4.7
05/28/2030 1,900,000.00 05/20/20254.70%
1,899,813.50
1,899,826.37
101.66

4.30%
1,931,520.66
30,510.83

0.81%
31,694.29
Aa3/AAAA4.66

4.09 66815L2W8 NORTHWESTERNMUTUAL
GLOBAL FUNDING 4.6 06/03/2030 1,000,000.00 05/27/2025

4.60%
999,820.00
999,831.83
101.53

4.23%
1,015,312.75
15,077.78

0.43%
15,480.92
Aa1/AA+
AAA

4.67 4.11
74464AAC5 PUBLIC STORAGE OPERATING CO

4.375 07/01/2030 2,500,000.00 08/19/20254.32%
2,506,150.00
2,506,002.06
100.46

4.27%
2,511,514.65
27,647.57

1.06%
5,512.59
A2/A
NA

4.75 4.14
Total Corporate 63,761,000.00 4.31%
63,269,687.60
63,526,523.43
101.06

4.14%
64,411,477.32
615,280.17

27.11%
884,953.89

3.17 2.74

MONEY MARKET
FUND
42 ATTACHMENT 1
40 HOLDINGS REPORT
City of West Sacramento Operating Portfolio | Account #10675 | As of September 30, 2025 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
X9USDDGCM DREYFUS GVT CM INST 665,840.19 --

4.03%
665,840.19
665,840.19

1.00 4.20%
665,840.19

0.00 0.28%

0.00 Aaa/AAAm
NA

0.00 0.00
Total Money Market
Fund 665,840.19 4.03%
665,840.19
665,840.19

1.00 4.20%
665,840.19

0.00 0.28%

0.00 0.00

0.00 MUNICIPAL BONDS
13063EGT7 CALIFORNIA STATE 4.5 08/01/2029 2,400,000.00 --

4.41%
2,409,753.35
2,407,912.62
102.61

3.76%
2,462,688.00
18,000.00

1.04%
54,775.38
Aa2/AAAA3.84

3.48 Total Municipal
Bonds 2,400,000.00 4.41%
2,409,753.35
2,407,912.62
102.61

3.76%
2,462,688.00
18,000.00

1.04%
54,775.38

3.84 3.48

SUPRANATIONAL
459058JL8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 0.5 10/28/2025
2,150,000.00 --

0.60%
2,140,429.05
2,149,849.60

99.72 4.24%
2,143,979.51
4,568.75

0.90%
(5,870.10)
Aaa/AAA
NA

0.08 0.07
4581X0DV7 INTER-AMERICAN DEVELOPMENT
BANK 0.875 04/20/2026 2,175,000.00 04/13/20210.97%
2,165,038.50
2,173,903.47

98.33 3.95%
2,138,756.30
8,511.20

0.90%
(35,147.17)
Aaa/AAA
NA

0.55 0.54
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
2,450,000.00 08/25/2023

4.56%
2,337,814.50
2,385,993.10

99.52 3.68%
2,438,218.20
18,817.36

1.03%
52,225.10
Aaa/AAA
NA

2.78 2.61
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
2,000,000.00 12/12/2024

4.25%
1,967,440.00
1,972,817.56
100.53

3.73%
2,010,525.88
35,520.00

0.85%
37,708.32
Aaa/AAA
NA

4.04 3.65
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
2,000,000.00 03/14/2025

4.20%
1,993,200.00
1,993,926.18
101.48

3.76%
2,029,614.22
2,520.83

0.85%
35,688.04
Aaa/AAA
NA

4.47 4.05
Total Supranational 10,775,000.00 2.93%
10,603,922.05
10,676,489.91

99.88 3.87%
10,761,094.10
69,938.14

4.53%
84,604.20

2.35 2.16

US TREASURY
91282CAT8 UNITED STATES TREASURY 0.25
10/31/2025 400,000.00 03/12/20210.78%
390,265.63
399,827.30

99.68 4.14%
398,735.82
418.48

0.17%
(1,091.48)
Aa1/AA+
AA+

0.08 0.08
43 ATTACHMENT 1
41 HOLDINGS REPORT
City of West Sacramento Operating Portfolio | Account #10675 | As of September 30, 2025 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
91282CAZ4 UNITED STATES TREASURY 0.375
11/30/2025 1,250,000.00 03/26/20210.76%
1,227,587.89
1,249,212.23

99.39 4.11%
1,242,382.81
1,575.31

0.52%
(6,829.42)
Aa1/AA+
AA+

0.17 0.16
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 530,000.00 09/23/20210.90%
526,252.73
529,305.45

97.32 3.76%
515,810.08
340.40

0.22%
(13,495.37)
Aa1/AA+
AA+

0.92 0.90
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 1,060,000.00 10/18/20211.18%
1,044,141.41
1,056,805.46

97.24 3.72%
1,030,709.22

25.48 0.43%
(26,096.24)
Aa1/AA+
AA+

1.00 0.98
912828YQ7 UNITED STATES TREASURY 1.625
10/31/2026 2,400,000.00 11/02/20224.41%
2,156,250.00
2,333,963.48

97.81 3.71%
2,347,500.00
16,320.65

0.99%
13,536.52
Aa1/AA+
AA+

1.08 1.05
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 1,060,000.00 11/15/20211.25%
1,053,540.63
1,058,589.58

97.27 3.72%
1,031,057.03
4,990.35

0.43%
(27,532.55)
Aa1/AA+
AA+

1.08 1.05
91282CLS8 UNITED STATES TREASURY 4.125
10/31/2026 3,000,000.00 11/14/20244.29%
2,990,976.56
2,995,015.02
100.43

3.71%
3,012,890.64
51,786.68

1.27%
17,875.62
Aa1/AA+
AA+

1.08 1.03
91282CLY5 UNITED STATES TREASURY 4.25
11/30/2026 2,000,000.00 12/18/20244.35%
1,996,171.88
1,997,711.74
100.59

3.72%
2,011,796.88
28,565.57

0.85%
14,085.14
Aa1/AA+
AA+

1.17 1.11
91282CME8 UNITED STATES TREASURY 4.25
12/31/2026 3,500,000.00 12/30/20244.26%
3,499,589.84
3,499,743.79
100.64

3.71%
3,522,558.59
37,591.71

1.48%
22,814.80
Aa1/AA+
AA+

1.25 1.19
91282CJT9 UNITED STATES TREASURY 4.0
01/15/2027 3,000,000.00 01/16/2025

4.25%
2,985,937.50
2,990,901.87
100.38

3.70%
3,011,250.00
25,434.78

1.27%
20,348.13
Aa1/AA+
AA+

1.29 1.24
91282CET4 UNITED STATES TREASURY 2.625
05/31/2027 600,000.00 06/13/2022

3.40%
578,718.75
592,871.02

98.34 3.66%
590,062.50
5,293.03

0.25%
(2,808.52)
Aa1/AA+
AA+

1.67 1.60
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 3,000,000.00 --3.69%
2,968,183.60
2,978,023.52

99.35 3.63%
2,980,546.86
24,639.95

1.25%
2,523.34
Aa1/AA+
AA+

1.75 1.67
91282CFB2 UNITED STATES TREASURY 2.75
07/31/2027 1,180,000.00 --2.99%
1,166,739.07
1,175,103.37

98.44 3.64%
1,161,562.50
5,467.12

0.49%
(13,540.87)
Aa1/AA+
AA+

1.83 1.76
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 3,500,000.00 --3.28%
3,474,796.89
3,490,297.94

99.07 3.63%
3,467,597.67
9,366.37

1.46%
(22,700.28)
Aa1/AA+
AA+

1.92 1.84
91282CFU0 UNITED STATES TREASURY 4.125
10/31/2027 2,400,000.00 11/03/20224.41%
2,368,968.75
2,387,056.12
101.02

3.61%
2,424,375.00
41,429.35

1.02%
37,318.88
Aa1/AA+
AA+

2.08 1.95
91282CLX7 UNITED STATES TREASURY 4.125
11/15/2027 3,000,000.00 11/14/20244.25%
2,989,218.75
2,992,369.43
101.02

3.62%
3,030,585.93
46,742.53

1.28%
38,216.50
Aa1/AA+
AA+

2.13 1.99
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 700,000.00 01/25/20233.57%
709,679.69
704,415.01
100.55

3.62%
703,855.47
6,854.96

0.30%
(559.55)
Aa1/AA+
AA+

2.25 2.12
91282CMF5 UNITED STATES TREASURY 4.25
01/15/2028 4,000,000.00 01/07/2025

4.37%
3,986,875.00
3,989,979.45
101.36

3.62%
4,054,531.24
36,032.61

1.71%
64,551.79
Aa1/AA+
AA+

2.29 2.15
44 ATTACHMENT 1
42 HOLDINGS REPORT
City of West Sacramento Operating Portfolio | Account #10675 | As of September 30, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 1,000,000.00 03/14/20233.90%
982,578.13
991,665.67

99.73 3.62%
997,343.75
5,896.74

0.42%
5,678.08
Aa1/AA+
AA+

2.34 2.21
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 2,900,000.00 02/23/20234.16%
2,879,269.53
2,890,003.53
100.88

3.61%
2,925,601.55
9,933.70

1.23%
35,598.01
Aa1/AA+
AA+

2.42 2.28
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 2,100,000.00 --3.55%
2,095,664.07
2,097,715.47

99.71 3.62%
2,093,929.70
30,758.15

0.88%
(3,785.77)
Aa1/AA+
AA+

2.58 2.41
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 3,000,000.00 --4.01%
2,958,515.62
2,971,949.76
100.02

3.62%
3,000,468.75
36,547.13

1.26%
28,518.99
Aa1/AA+
AA+

2.67 2.49
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 550,000.00 09/25/20234.62%
544,199.22
546,569.78
102.04

3.63%
561,193.36
2,060.60

0.24%
14,623.58
Aa1/AA+
AA+

2.92 2.71
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 750,000.00 10/27/20234.79%
752,841.80
751,751.43
103.56

3.64%
776,718.75
15,300.61

0.33%
24,967.32
Aa1/AA+
AA+

3.08 2.80
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 900,000.00 12/28/20233.83%
921,937.50
914,104.42
102.16

3.64%
919,441.40
13,232.58

0.39%
5,336.98
Aa1/AA+
AA+

3.17 2.90
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 2,150,000.00 --3.98%
2,127,462.89
2,135,257.11
100.32

3.64%
2,156,802.73
20,375.34

0.91%
21,545.62
Aa1/AA+
AA+

3.25 3.01
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 3,100,000.00 --4.30%
3,058,937.50
3,072,260.74
101.08

3.65%
3,133,542.96
20,891.30

1.32%
61,282.22
Aa1/AA+
AA+

3.34 3.08
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,500,000.00 --4.59%
2,448,730.47
2,463,839.77
101.52

3.66%
2,538,085.95
283.31

1.07%
74,246.18
Aa1/AA+
AA+

3.50 3.23
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 4,000,000.00 --4.47%
4,027,509.77
4,019,833.80
103.19

3.67%
4,127,656.24
77,418.48

1.74%
107,822.44
Aa1/AA+
AA+

3.58 3.23
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 1,250,000.00 07/18/20244.09%
1,258,837.89
1,256,690.78
101.99

3.68%
1,274,853.51
13,425.61

0.54%
18,162.74
Aa1/AA+
AA+

3.75 3.41
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 2,500,000.00 09/11/20243.45%
2,519,628.91
2,515,482.26

99.76 3.69%
2,493,945.30
7,760.70

1.05%
(21,536.96)
Aa1/AA+
AA+

3.92 3.61
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 1,500,000.00 10/04/20243.76%
1,482,187.50
1,485,703.00

99.29 3.69%
1,489,394.54
144.23

0.63%
3,691.54
Aa1/AA+
AA+

4.00 3.70
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 3,000,000.00 11/19/20244.24%
2,985,234.38
2,987,809.78
101.59

3.70%
3,047,695.32
51,786.68

1.28%
59,885.54
Aa1/AA+
AA+

4.08 3.67
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,000,000.00 12/18/20244.40%
1,975,625.00
1,979,482.91
101.61

3.70%
2,032,187.50
27,725.41

0.86%
52,704.59
Aa1/AA+
AA+

4.17 3.75
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 4,000,000.00 --

4.49%
3,978,828.13
3,981,836.03
102.59

3.71%
4,103,437.52
44,225.54

1.73%
121,601.49
Aa1/AA+
AA+

4.25 3.82
45 ATTACHMENT 1
43 HOLDINGS REPORT
City of West Sacramento Operating Portfolio | Account #10675 | As of September 30, 2025 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
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 5,000,000.00 --4.00%
4,999,257.82
4,999,407.64
101.16

3.71%
5,058,007.80
17,127.07

2.13%
58,600.16
Aa1/AA+
AA+

4.41 4.01
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 5,000,000.00 --3.86%
4,947,812.51
4,951,409.29

99.59 3.72%
4,979,492.20
497.94

2.10%
28,082.91
Aa1/AA+
AA+

4.50 4.11
91282CGZ8 UNITED STATES TREASURY 3.5
04/30/2030 4,000,000.00 07/15/20254.02%
3,909,531.25
3,913,514.15

99.04 3.73%
3,961,562.48
58,586.96

1.67%
48,048.33
Aa1/AA+
AA+

4.58 4.13
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 5,000,000.00 06/03/2025

4.02%
4,996,484.38
4,996,714.00
101.17

3.72%
5,058,593.75
67,213.11

2.13%
61,879.75
Aa1/AA+
AA+

4.67 4.17
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 5,000,000.00 07/09/20253.98%
4,976,562.50
4,977,633.71
100.61

3.73%
5,030,664.05
48,963.99

2.12%
53,030.34
Aa1/AA+
AA+

4.75 4.26
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 7,500,000.00 --3.71%
7,470,605.47
7,470,682.98

99.48 3.74%
7,461,328.13
23,282.11

3.14%
(9,354.86)
Aa1/AA+
AA+

4.92 4.45
Total US Treasury 105,280,000.00 3.94%
104,412,136.81
104,792,509.81
100.47

3.69%
105,759,755.46
936,312.66

44.51%
967,245.65

3.15 2.89
Total Portfolio 236,822,045.62 4.10%
233,870,046.85
234,982,199.29
100.08

3.87%
237,596,385.69
1,781,633.71
100.00%
2,614,186.39

3.10 2.63
Total Market Value +
Accrued 239,378,019.40
46 ATTACHMENT 1
44 HOLDINGS REPORT
City of West Sacramento Reporting Portfolio | Account #10676 | As of September 30, 2025 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
CASH
86723G1$8 Suncrest Bank 1,047,901.70 --

0.02%
1,047,901.70
1,047,901.70

1.00 0.02%
1,047,901.70

0.00 1.20%

0.00 NA/NA
NA

0.00 0.00
90JPMC$04 CASH JP MORGAN CHASE CASH
ACCT 17,586,917.22 --1.86%
17,586,917.22
17,586,917.22

1.00 1.86%
17,586,917.22

0.00 20.11%

0.00 NA/NA
NA

0.00 0.00
90BOFA$00 Cash BOA 3,813,202.85 08/31/2025

0.00%
3,813,202.85
3,813,202.85

1.00 0.00%
3,813,202.85

0.00 4.36%

0.00 NA/NA
NA

0.00 0.00
CCYUSD Receivable 734,749.37 -- 734,749.37
734,749.37

1.00 0.00%
734,749.37

0.00 0.84%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 23,182,771.14 1.46%
23,182,771.14
23,182,771.14

1.00 1.41%
23,182,771.14

0.00 26.51%

0.00 0.00

0.00 LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 58,275,353.21 --4.20%
58,275,353.17
58,275,353.17

1.00 4.20%
58,275,353.21

0.00 66.65%

0.04 NA/NA
NA

0.00 0.00
Total LAIF 58,275,353.21 4.20%
58,275,353.17
58,275,353.17

1.00 4.20%
58,275,353.21

0.00 66.65%

0.04 0.00

0.00 LOCAL GOV

INVESTMENT POOL
90CAMP$00 CAMP 5,980,274.25 --

4.27%
5,976,274.25
5,976,274.25

1.00 4.27%
5,980,274.25

0.00 6.84%
4,000.00
NA/AAAm
NA

0.00 0.00
Total Local Gov
Investment Pool 5,980,274.25 4.27%
5,976,274.25
5,976,274.25

1.00 4.27%
5,980,274.25

0.00 6.84%
4,000.00

0.00 0.00
Total Portfolio 87,438,398.60 3.49%
87,434,398.56
87,434,398.56

1.00 3.47%
87,438,398.60

0.00 100.00%
4,000.04

0.00 0.00
Total Market Value +
Accrued 87,438,398.60
47 ATTACHMENT 1
45 CITY COUNCIL AGENDA REPORT
MEETING DATE: November 19, 2025 ITEM # 8
SUBJECT:

CONSIDERATION OF RESOLUTION 25-120 DELEGATING AUTHORITY TO CITY MANAGER TO EXECUTE A PURCHASE AND SALE AGREEMENT FOR 425

TODHUNTER AVENUE
INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ ] Council [ X ] Staff
[ ] Other
Kate Smith, Director Parks and Recreation
Parks and Recreation Department
ATTACHMENT [ X ] Yes [ ] No [ ] Information [ ] Direction [ X ] Action

OBJECTIVE
The objective of this report is to facilitate City Council consideration of Resolution 25-120 which delegates authority to the City Manager to acquire the 24.62-acre property located at 425 Todhunter Avenue and 4.076 acres of adjacent road including portions of Riverbank Road, Todhunter Avenue and Carrie Street.

RECOMMENDED ACTION
Staff respectfully recommends that the City Council:
1) Find the acquisition of property is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3) (common-sense exemption), Section 15301 (Existing Facilities) and Section 15325 (Transfers of Ownership of Interests in Land to Preserve Existing Natural Conditions and Historic Resources);
2) Adopt Resolution 25-120 (Attachment 1) authorizing the City Manager to execute the Purchase and Sale Agreement (PSA) with Washington Unified School District to acquire 24.62 acres at 425 Todhunter Ave (Attachment 2). and 4.076 acres of adjacent road including portions of Riverbank Road, Todhunter Avenue and Carrie Street (Attachment 3); and
3) Authorize the City Manager or their designee to execute the Purchase and Sale Agreement (PSA) and Priority Use Agreement in substantially the form attached to this report, with such changes or amendments as shall be approved by the City Attorney.

BACKGROUND
Bryte Park is located in the northern portion of the City and is the most heavily used and programmed park in the City. The property is owned by Washington Unified School District (WUSD) but is improved and maintained by the City through a Joint Use Facilities Agreement. On January 9, 2013, the City Council adopted the BPMP, which was the result of a robust community engagement effort, developed in coordination with over 200 community members and stakeholders. The original Master Plan spanned three properties: Bryte Park, Alyce Norman Playfields/Bryte Career and College Training Campus, and Holy Cross School. The 2013 BPMP served as a roadmap to help the City leverage local, state and federal resources to implement improvements. In early 2015, the City partnered with the Walt Disney Company, KaBoom! and over 500 volunteers to plan and build a new playground in Bryte Park (Phase 1). In spring 2016, the City constructed another phase of improvements, including on-site parking, lighting, landscaping, new restrooms, a covered BBQ and picnic area, shade structure for the play area and road crossing improvements on Carrie Street (Phase 2).

The City’s Parks, Recreation and Open Space (PROS) Master Plan was approved by City Council on April 17, 2019, and provides a comprehensive approach for planning, funding, developing, and maintaining parks and recreation facilities and programs over the next 10 years. Updating and implementing the BPMP was included in the PROS 10-Year Capital Improvement Program. To further support this work, the City’s 2019 Strategic Plan included as a Management Agenda High Priority item: “Parks, Recreation and Open Space Master Plan Implementation.

In 2021, Staff worked with Quadriga to make minor refinements and develop a proposed phasing plan for the ongoing implementation of the Bryte Park Master Plan Implementation. Significant changes included the Holy Cross playfields and Alyce Norman playfields excluded from the Master Plan, the completion of 36 accessibility barriers that were previously identified in an ADA Transition Plan and various amenities were added to include:
a new dog park, a new all-weather soccer field with lighting, angled street parking along Riverbank Road, age46 Consideration of Purchase of 425 Todhunter Ave.

November 19, 2025

friendly fitness stations and a walking loop with seating, pathway lighting, pickleball courts, hydration stations and a maintenance/storage shed to ensure required maintenance.

In June 2023, the City Council approved a contract with Verde Design Inc. to complete 100% Design and Construction Documents for the Bryte Park Master Plan Implementation Project. Following this approval, additional community engagement meetings and discussions with City staff led to several key refinements to the plan, including expanded landscape and green space, increased accessible walking and running paths, adjustments to the locations of the pool and splash pad seating, and the inclusion of an outdoor amphitheater.

Other updates included additional restrooms, a larger maintenance yard with a separate entrance, a handball court, and a relocated outdoor classroom. Throughout this period, City staff actively pursued funding opportunities, and in 2024 the City received a conditional award of a $15 million grant through the Outdoor Recreation and Legacy Program (ORLP), funded by the Land and Water Conservation Fund (LWCF), pending completion of post-award requirements. This grant presented a unique opportunity, providing funding for both land acquisition and development. Since receiving the grant award notification, the City has been working through the post-award requirements, including Section 106, NEPA, and CEQA compliance, while also collaborating with the Washington Unified School District on the acquisition of land for Bryte Park.

The WUSD has complied with the Subdivision Map Act, Surplus Land Act, and Naylor Act, and has agreed to sell 24.62 acres of property—known as Bryte Park—to the City. This 24.62-acre parcel was formerly part of APN 014-580-002-000, which also included 4.076 acres of surrounding roadway. The inclusion of roadway within the same APN reflects a historical mapping practice, common at the time the parcel was originally established.

The City anticipates initiating the Invitation to Bid process November 2025, with all post-award grant conditions expected to be met by December 2025. In accordance with ORLP grant guidelines, construction cannot commence until all conditions have been fulfilled.

ANALYSIS
City staff have completed a plat map, legal description, and property appraisal for the 24.62 acres of parkland known as Bryte Park, as well as for the 4.076 acres of adjacent roadway. The ORLP program requires all land acquisitions to be appraised in accordance with the Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA). These standards commonly referred to as the “Yellow Book”, establish the official methodology for determining fair market value when federal funds are used to acquire real property. Under these standards, the appraisal must reflect the property’s “best value” as the purchase price, regardless of any existing or future deed restrictions.

Although the 24.62-acre park parcel will include a deed restriction requiring that it remain a public park in perpetuity and that the City retain ownership and maintenance responsibilities, the property was appraised at its unrestricted market value, resulting in a purchase price of $5,420,000. The ORLP grant will reimburse the City for half of this amount ($2,710,000). Approval of the ORLP grant agreement will provide the City with a total of $15,000,000, including $2,710,000 for land acquisition and $12,290,000 for implementation of the BPMP. A separate appraisal (Attachment 5) was conducted for the 4.076 acres of adjacent roadway, which are outside the LWCF boundary and therefore not eligible for grant reimbursement. Due to its limited use and restricted value, this property was appraised at $1.

As part of the land acquisition negotiations, the Washington Unified School District (WUSD) requested priority reservation rights for Bryte Park. The City and WUSD have since negotiated a Priority Use Agreement, granting WUSD a 30-day advance reservation period before reservations open to the public. WUSD will continue to pay all applicable fees in accordance with the Parks and Recreation Cost Recovery Policy for park rentals.

Environmental Considerations
The authorization of a purchase and sale agreement for acquisition of property from WUSD is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3) (common-sense exemption), because the activity will not result in a physical change in the environment or commit the City to a specific development project. The action does not authorize construction, nor does it approve any grounddisturbing work associated with implementation of the Bryte Park Master Plan. A separate CEQA review will be presented to the City Council prior to consideration of project approval and before execution of any constructionrelated contracts.

The acquisition is also exempt under CEQA Guidelines Section 15325 (Transfers of Ownership of Interests in Land to Preserve Existing Natural Conditions and Recreation Resources), as the property is an existing public 47 Consideration of Purchase of 425 Todhunter Ave.

November 19, 2025

park and will continue to be used for park and recreational purposes. Section 15301 (Existing Facilities) further supports this action being exempt from CEQA because the property is already developed.

Federal NEPA and Section 106 reviews required for the grant are being completed separately and prior to commencement of construction in accordance with grant requirements.

Commission Recommendation
On December 3, 2024, City staff presented the Bryte Park Master Plan Implementation Project to the Parks, Recreation, and Intergenerational Services Commission, who expressed support for purchasing the Subject Property to enhance access and mobility connections to the future park site.

Strategic Plan Integration
The proposed property acquisition supports the City Council’s Strategic Goal of “Parks and Open Spaces:

Provide diverse outdoor options for recreation and communing with nature at any age.” It also supports the 2019 Parks, Recreation and Open Space Master Plan Implementation by improving access and increasing mobility to the previously identified new park site.

Alternatives
The Council’s primary alternatives are summarized below:

1. Modify terms of the Purchase and Sale Agreement and/or Priority Use Agreement; or

2. Delay the recommended action until a later date; or

3. Deny the approval of the Purchase and Sale Agreement and/or Priority Use Agreement.

Options #2 and #3 are not recommended since this could jeopardize the ability to complete the Bryte Park Master Plan Implementation.

Coordination and Review
This report was prepared in coordination with Capital Projects, Community Development and Finance departments, the City Manager’s Office, and the City Attorney.

Budget/Cost Impact
The total purchase price of $5,420,001 includes 24.62 acres of parkland, known as Bryte Park, and 4.076 acres of adjacent roadway. The cost of the property acquisitions will be funded through CIP-62138 (Bryte Park Master Plan Implementation Project). The addition of $15 million LWCF ORLP grant funding will be included with the FY 25/26 midyear budget in January 2026.

ATTACHMENTS

1. Resolution 25-120

2. 425 Todhunter Ave. Plat Map

3. Adjacent Road Plat Mat

4. 425 Todhunter Ave. Appraisal

5. Adjacent Road Appraisal

6. Purchase and Sale Agreement

7. Priority Use Agreement
48 Attachment 1
RESOLUTION 25-120

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST SACRAMENTO AUTHORIZING A PURCHASE AND SALE AGREEMENT FOR 425 TODHUNTER AVENUE

WHEREAS, the Outdoor Recreation Legacy Partnership program was established in 2014 and is funded through the Land and Water Conservation Fund; and WHEREAS, ORLP is a nationally competitive program targeting grant assistance to help economically disadvantaged urban communities with no, or almost no, access to publicly available, close-by, outdoor recreation and can be used for the acquisition and/or development of, or to substantially renovate obsolete, public parks and other outdoor recreation spaces; and

WHEREAS, the City of West Sacramento has applied for a $15 million grant through the Outdoor Recreation Legacy Program; and
WHEREAS, in August 2025 the City and the Washington Unified School District WUSD agreed to a Letter of Intent to Enter Into a Purchase Agreement for the Acquisition of Property Commonly Known as Bryte Park; and
WHEREAS, on September 24, 2025, the City was notified that it had been selected to receive a $15,000,000 award of grant funding from the Outdoor Recreation Legacy Partnership Program; and
WHEREAS, the Outdoor Recreation Legacy Program requires the City purchase 24.62 acres of parkland, known as Bryte Park, from Washington Unified School District, and fund a highly anticipated park renovation; and
WHEREAS, the Outdoor Recreation Legacy Program requires that the 24.62-acre park parcel will include a deed restriction requiring that it remain a public park in perpetuity; and WHEREAS, the 4.076 acres of adjacent road surrounding the 24.62 acres of parkland will be purchased by the City as a separate transaction; and WHEREAS, the City Council has considered all information related to this matter, as presented at the public meetings of the City Council identified herein, including any supporting reports by City staff, and any other information provided during public meetings.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of West Sacramento as follows:

1. The City Council hereby delegates authority to the City Manager, or designee, to take any and all actions necessary to complete the purchase of the Property from the Seller, including but not limited to taking all actions and doing all things which may be necessary or advisable to effectuate the purpose of this resolution, and completing the real property transaction upon substantially the same terms and conditions in the attached Purchase and Sale Agreement subject to any modifications approved by the City Attorney.

2. The City Council hereby finds that the facts set forth in the recitals to this Resolution are true and correct and establish the factual basis for the City Council’s adoption of this Resolution.
49 Resolution 25-120

3. The Resolution shall take effect immediately upon its adoption.

PASSED AND ADOPTED by the West Sacramento City Council this 19th day of November 2025, by the following vote:

AYES:

NOES:

ABSENT:

Martha Guerrero, Mayor
ATTEST:

Jennifer Cusmir, City Clerk
50 October 10, 2025
BKF No. 20056154

EXHIBIT “A”
Legal Description
Real property in the City of West Sacramento, County of Yolo, State of California, described as follows:

Being a portion of that certain real property described in the Grant Deed recorded July 3, 1960, in Book 606 at

survey, filed for record on March 2, 1961, in Book 8 of Maps & Surveys, at Page 112, Yolo County Records, more particularly described as follows:

COMMENCING at the found 2-1/2” brass disc, stamped, “LS 2787”, in lieu of the 1-1/2" button head pipe at the northeasterly terminus of a line shown as North 72°23’15’ East lying at the end of curvature of the boundary line lying along the centerline of Carrie Street as shown on said Record of Survey; thence along said line, South 72°23'15" West, 279.00 feet, thence North 17°36'45" West to the northerly right-of-way of Carrie Street to the POINT OF BEGINNING;
Thence leaving said right-of-way, North 17°20’41” East 563.09 feet; Thence, South 72°39’19” East 108.89 feet;
Thence, North 17°33’41” East 304.48 feet to the southerly right-of-way of Riverbank Road; Thence along said right-of-way, South 78°05’30” West 82.17 feet; Thence, South 83°11’30” West 565.53 feet;
Thence, South 69°08’45” West 434.89 feet;
Thence, South 71°50’45” West 137.42 feet to the northeasterly right-of-way of Todhunter Avenue; Thence along said right-of-way, South 18°08’45” East 955.38 feet to the northwesterly right-of-way of Carrie Street;
Thence along said right-of-way, North 72°23’15” East 1088.19 feet to the POINT OF BEGINNING.

Containing 24.620 acres, more or less.

As shown on EXHIBIT “B” attached hereto and made a part hereof. 51 EXHIBIT “A”

This description was prepared by me or under my direct supervision.

BKF Engineers
_________________________
Benjamin H. Santos
P.L.S. No. 9251
_________________________
Date
BASIS OF BEARINGS:

The bearing of North 18°08'45" West between the monuments along Todhunter Avenue as shown on that certain record of survey filed for record on March 2, 1961 in Book 8 of Maps at Page 112, Yolo County Records, was taken as the basis of bearings for this legal description. 52 53

Closure Calculations
PARCEL 1

WEST SACRAMENTO, CA
Project: 20250956 10-07-2025
Map Check BKF Engineers
Parcel Name: Site 1 - Standard : 1

North: 1,983,470.20' East: 6,698,516.55'
Line Course: N17°20'41"W Length: 563.09'
North: 1,984,007.69' East: 6,698,348.68'
Line Course: N72°39'19"E Length: 108.89'
North: 1,984,040.15' East: 6,698,452.62'
Line Course: N17°33'41"W Length: 304.48'
North: 1,984,330.44' East: 6,698,360.75'
Line Course: S78°05'30"W Length: 82.17'
North: 1,984,313.48' East: 6,698,280.35'
Line Course: S83°11'30"W Length: 565.53'
North: 1,984,246.44' East: 6,697,718.81'
Line Course: S69°08'45"W Length: 434.89'
North: 1,984,091.62' East: 6,697,312.41'
Line Course: S71°50'45"W Length: 137.42'
North: 1,984,048.80' East: 6,697,181.83'
Line Course: S18°08'45"E Length: 955.38'
North: 1,983,140.93' East: 6,697,479.37'
Line Course: N72°23'15"E Length: 1,088.19'
North: 1,983,470.19' East: 6,698,516.55'
Perimeter: 4,240.04' Area: 24.620Ac. 24.62 Ac.

Error Closure: 0.01' Course: S0°00'00"E
Error North: -0.01' East: 0.00'
Precision 1: 424,004.00'
54 October 10, 2025
BKF No. 20056154

EXHIBIT “A”
Legal Description
Real property in the City of West Sacramento, County of Yolo, State of California, described as follows:

Being a portion of that certain real property described in and shown on the Public Right-of-Way Easement Deed recorded February 20, 2015, in Document 2015-0003905, Official Records of Yolo County, said portion of real property also shown on that certain record of survey, filed for record on March 2, 1961, in Book 8 of Maps & Surveys, at Page 112, Yolo County Records, more particularly described as follows:

COMMENCING at the found 2-1/2” brass disc, stamped, “LS 2787”, in lieu of the 1-1/2" button head pipe at the northeasterly terminus of a line shown as North 72°23’15’ East lying at the end of curvature of the boundary line lying along the centerline of Carrie Street as shown on said Record of Survey; thence along said line, South 72°23'15" West, 279.00 feet to the POINT OF BEGINNING;
Thence leaving said centerline, North 17°36’45” East 30.00 feet to the northwesterly right-of-way line of Carrie Street;
Thence along said right-of-way, South 72°23’15” West 1088.19 feet to the westerly right-of-way of Todhunter Avenue;
Thence along said right-of-way, North 18°08’45” West 955.38 feet to the southerly right-of-way of Riverbank Road;
Thence along said right-of-way, North 69°08’45” East 434.89 feet; Thence, North 83°11’30” East 565.53 feet;
Thence, North 78°05’30” East 82.17 feet;
Thence leaving said right-of-way North 11°54’30” West 60.00 feet to the northwesterly right-of-way of Riverbank Road;
Thence along said right-of-way, South 78°05’30” East 79.49 feet; Thence, South 83°11’30” West 570.25 feet;
Thence, South 69°08’45” West 440.87 feet;
Thence, South 71°50’45” West 136.00 feet to the northeasterly right-of-way of Todhunter Avenue; Thence leaving said right-of-way, South 71°50’45” West 40.00 feet; Thence, South 18°08’45” East 1075.00 feet
Thence, North 72°23’15” East 39.44 feet to the southerly right-of-way of Carrie Street; Thence along said right-of-way, North 72°23’15” East 950.56 feet; Thence, leaving said right-of-way, North 18°08’45” West 30.00 feet to the centerline of Carrie Street; 55 EXHIBIT “A”

Thence along said centerline, North 72°23'15" East 137.92 feet to the POINT OF BEGINNING.

Containing 4.076 acres, more or less.

As shown on EXHIBIT “B” attached hereto and made a part hereof.

This description was prepared by me or under my direct supervision.

BKF Engineers
_________________________
Benjamin H. Santos
P.L.S. No. 9251
_________________________
Date
BASIS OF BEARINGS:

The bearing of North 18°08'45" West between the monuments along Todhunter Avenue as shown on that certain record of survey filed for record on March 2, 1961 in Book 8 of Maps at Page 112, Yolo County Records, was taken as the basis of bearings for this legal description. 56 57

Closure Calculations
PARCEL 2

WEST SACRAMENTO, CA
Project: 20250956 10-07-2025
Map Check BKF Engineers
Parcel Name: Site 1 - Standard : 1

North: 1,981,685.06' East: 6,699,151.83'
Line Course: N17°36'45"W Length: 30.00'
North: 1,981,713.65' East: 6,699,142.75'
Line Course: S72°23'15"W Length: 1,088.19'
North: 1,981,384.39' East: 6,698,105.57'
Line Course: N18°08'45"W Length: 955.38'
North: 1,982,292.26' East: 6,697,808.03'
Line Course: N71°50'45"E Length: 137.42'
North: 1,982,335.08' East: 6,697,938.61'
Line Course: N69°08'45"E Length: 434.89'
North: 1,982,489.90' East: 6,698,345.01'
Line Course: N83°11'30"E Length: 565.53'
North: 1,982,556.94' East: 6,698,906.55'
Line Course: N78°05'30"E Length: 82.17'
North: 1,982,573.90' East: 6,698,986.95'
Line Course: N11°54'30"W Length: 60.00'
North: 1,982,632.61' East: 6,698,974.57'
Line Course: S78°05'30"W Length: 79.49'
North: 1,982,616.21' East: 6,698,896.79'
Line Course: S83°11'30"W Length: 570.25'
North: 1,982,548.61' East: 6,698,330.56'
Line Course: S69°08'45"W Length: 440.87'
North: 1,982,391.66' East: 6,697,918.57'
Line Course: S71°50'45"W Length: 176.00'
North: 1,982,336.82' East: 6,697,751.33'
Line Course: S18°08'45"E Length: 1,075.00'
North: 1,981,315.28' East: 6,698,086.12'
Line Course: N72°23'15"E Length: 990.00'
North: 1,981,614.83' East: 6,699,029.71'
58

Line Course: N18°08'45"W Length: 30.00'
North: 1,981,643.34' East: 6,699,020.37'
Line Course: N72°23'15"E Length: 137.92'
North: 1,981,685.07' East: 6,699,151.82'
Perimeter: 6,853.11' Area: 4.076Ac. 4.076 Ac.

Error Closure: 0.01' Course: N45°00'00"W
Error North: 0.01' East: -0.01'
Precision 1: 484,588.06'
59 Integra Realty Resources
Sacramento
Appraisal of Real Property
Bryte Park / Washington Unified School District Land
Existing Park Land
Portion of 425 Todhunter Ave.

West Sacramento, Yolo County, California 95605
Prepared For:

CMD West
Prepared By:

Noah Kauffman, MAI, R/W-AC & Kevin Ziegenmeyer, MAI
516 Gibson Dr., Suite 290
Roseville, CA 95678
Effective Date of Appraisal:

August 25, 2025
Report Format:

Appraisal Report
IRR - Sacramento
File Number: 193-2025-0399
60 Integra Realty Resources 516 Gibson Drive T 916.435.3883 Sacramento Suite 290 F 916.435.4774
Roseville, CA 95678 www.irr.com

November 11, 2025
Conner McDonald, SR/WA
CMD West
2020 5th Street - #1256
Davis, CA 95616
SUBJECT: Market Value Appraisal
Bryte Park / Washington Unified School District Land
425 Todhunter Ave.

West Sacramento, Yolo County, California 95605
IRR - Sacramento File No. 193-2025-0399
Dear Mr. McDonald:

Integra Realty Resources – Sacramento is pleased to submit the accompanying appraisal of the referenced property. The purpose of the appraisal is to develop an opinion of the market value, pertaining to the fee simple interest in the property. The effective date of the appraisal is August 25, 2025.The client for the assignment is CMD West. The intended use of the report is for acquisition purposes.

The subject is a parcel of land containing an area of 24.62 acres. The property is zoned RP / PQP, Recreation and Parks / Public/Quasi Public. The subject is used as an existing public park called Bryte Park; however, the underlying land is not owned by the City. The City of West Sacramento is proposing to acquire the subject parcel in its entirety for continued park use (“The Project”).

The appraisal is intended to conform with the Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA), the Uniform Standards of Professional Appraisal Practice (USPAP), the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute, and applicable state appraisal regulations.

Standards Rule 2-2 (Content of a Real Property Appraisal Report) contained in the Uniform Standards of Professional Appraisal Practice (USPAP) requires each written real property appraisal report to be prepared as either an Appraisal Report or a Restricted Appraisal Report. This report is prepared as an Appraisal Report as defined by USPAP under Standards 61 Conner McDonald,
CMD West
November 11, 2025

Rule 2-2(a), and incorporates practical explanation of the data, reasoning, and analysis that were used to develop the opinion of value.

Based on the valuation analysis in the accompanying report, and subject to the definitions, assumptions, and limiting conditions expressed in the report, the concluded opinions of value are as follows:

Value Conclusion
Value Type Interest Appraised Date of Value Value Conclusion Market Value Fee Simple August 25, 2025 $5,420,000
Extraordinary Assumptions and Hypothetical Conditions

1. The scope of work considers that the client may seek federal funding. As such, the appraisal has been prepared under the assumption that the requirements of the UASFLA "Yellow Book" apply to this assignment.

2. The City and school district have entered into a joint use agreement reportedly under the context that the school district would ultimately be paid market value for the land.

1. As of the effective date of value, the City of West Sacramento is considering the described acquisition for a park land acquisition project (the "Project"). The fair market value of the part acquired ("before" value) is premised on the basis of the subject property's condition without regard to the proposed acquisition and under the presumption that the Project does not exist.

2. The City and school district have a joint use agreement which covers use and improvement of the park area, among other properties. In conformance with the definition of Market Value (“open competitive market”), the appraisal is based upon a hypothetical condition that the property is not part of the joint use agreement, and that the school district would have the ability to sell the land to an entity other than the City.

The use of any extraordinary assumption or hypothetical condition may have affected the assignment results.

The value conclusions are based on the following hypothetical conditions. A hypothetical condition is a condition, directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis.

The value conclusions are subject to the following extraordinary assumptions. An extraordinary assumption is an assignment-specific assumption as of the effective date regarding uncertain information used in an analysis which, if found to be false, could alter the appraiser’s opinions or conclusions.

A Jurisdictional Exception is applied to comply with UASFLA 4.2.1.2 and no opinion of exposure time was developed.

The appraisal additionally includes the following assignment conditions:
 The subject property is used as an existing park by the City, is zoned for public use, but is owned by the Washington Unified School District. The typical measure of market value for similar scenarios (school and park sites) is not the highest and best use under the existing zoning but an alternative non-public economic highest and best use. As a condition of the assignment the value concluded for the land herein assumes the land would be available for an alternative non-public economic highest and best use, which is development of single-family detached homes at a similar density to nearby development. This also conforms with the Public Park Preservation Act of 1971.
62 Conner McDonald,
CMD West
November 11, 2025

 The acquisition area is a portion of a property owned by the Washington Unified School District. However, the acquisition does not impact the school. As a condition of the assignment, the Larger Parcel to be appraised is exclusively the proposed acquisition area. As the 24.62-acre proposed acquisition area represents a separate Larger Parcel, a Before and After valuation is not necessary as there would be no remainder parcel in the After condition.
 As the subject property is owned by the Washington Unified School District and is used for public purposes, prior sales of the subject property are not the best evidence of its value. As a condition of the assignment, prior sales of the subject property need not be verified or analyzed.
 As the subject property is owned by the Washington Unified School District and is used for public purposes, rental history of the subject is not relevant. As a condition of the assignment, details of rental history do not need to be collected or analyzed.  The purpose of the appraisal is to value the underlying land. As a condition of the assignment, collection and analysis of information pertaining to existing improvements is not relevant and would not be performed. In addition, photographs of the improvements are not relevant and not required.

If you have any questions or comments, please contact the undersigned. Thank you for the opportunity to be of service.

Respectfully submitted,
Integra Realty Resources - Sacramento
Noah Kauffman, MAI, R/W-AC
Certified General Real Estate Appraiser
California Certificate #3004618
Telephone: 916.773.3258
Email: [email protected]
Kevin Ziegenmeyer, MAI
Certified General Real Estate Appraiser
California Certificate # AG013567
Telephone: 916.435.3883, ext. 224
Email: [email protected]
63 Table of Contents
Bryte Park / Washington Unified School District Land
Certificate of Appraiser 1
Executive Summary 4
Property Identification 4
Subject Description 4
Property Right to be Acquired and Effects of
Acquisition 4
Highest and Best Use Conclusions 4
Final Opinion of Value 4
Subject Photos 7
Assumptions and Limiting Conditions 10
Description of Scope of Work 15
Applicable Requirements 15
Report Format 15
Prior Services 15
Appraiser Competency 15
Client and Intended User(s) 15
Intended Use 16
Definition of Market Value 16
Effective Date 16
Property Characteristics 16
Larger Parcel 16
Assignment Conditions 16
Property Rights Definitions 17
Factual Data and Analysis 19
Subject Description 19
Economic Analysis – Sacramento MSA 19
Surrounding Area Analysis 21
Residential Market Analysis 25
Site Data 30
Sale History 34
Pending Transactions 34
Rental History 34
Tax/Assessments 35
Highest and Best Use 37
Larger Parcel 37
Valuation 40
Valuation Methodology 40
Sales Comparison Approach 41
Land Valuation 41
Land Value Conclusion 46
Reconciliation and Conclusion of Value 48
Final Opinion of Value 48
Exposure Time 49
Addenda
A. Subject Maps
B. Comparable Sales Map
C. Comparable Sales Data Sheets
D. Comparable Sales Images
E. Subject Property Plot Plan / Survey
F. Plat & Legal Description
G. Assignment Conditions
H. Preliminary Title Report
I. Appraiser Qualifications
J. Definitions
64 Applicable Requirements 1
Bryte Park / Washington Unified School District Land
Certificate of Appraiser
We certify that, to the best of our knowledge and belief:

1. The statements of fact contained in this report are true and correct.

2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are our personal, impartial, and unbiased professional analyses, opinions, and conclusions.

3. We have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding the agreement to perform this assignment.

4. We have no present or prospective interest in the property that is the subject of this appraisal, and no personal interest or bias with respect to the parties involved.

5. Our engagement in this assignment was not contingent upon developing or reporting predetermined results.

6. We have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment.

7. Our compensation is not contingent upon the development or reporting of a predetermined value or direction that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal.

8. Our appraisal was developed and the appraisal report was prepared in conformity with the Uniform Appraisal Standards for Federal Land Acquisitions.

9. Our appraisal was developed, and the appraisal report prepared, in conformity with the Appraisal Standards Board’s Uniform Standards of Professional Appraisal Practice, and complies with USPAP’s Jurisdictional Exception Rule when invoked Section 1.2.7.2 of the Uniform Appraisal Standards for Federal Land Acquisitions; as well as applicable state appraisal regulations.

10. Noah Kauffman, MAI, R/W-AC, made a personal inspection of the property that is the subject of this report as well as the comparable sales contained in the report addenda on August 25, 2025. The property owner or a designated representative was provided the opportunity to accompany us on the inspection of the subject property. Kevin Ziegenmeyer, MAI, has not personally inspected the subject.

11. No one provided significant real property appraisal assistance to the person signing this certification.

12. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute.

13. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives.

14. We have experience in appraising properties similar to the subject and are in compliance with the Competency Rule of USPAP.
65 Applicable Requirements 2
Bryte Park / Washington Unified School District Land

15. We have disregarded any increase in Market Value caused by the proposed public improvement or its likelihood prior to the date of valuation. We have disregarded any decrease in Market Value caused by the proposed public improvement or its likelihood prior to the date of valuation, except physical deterioration within the reasonable control of the owner.

16. As of the date of this report, Noah Kauffman, MAI, R/W-AC, and Kevin Ziegenmeyer, MAI, have completed the continuing education program for Designated Members of the Appraisal Institute.

The property has been appraised for its market value (fee simple), or as encumbered only by the existing easements detailed within this appraisal report. The opinion of value expressed below is the result of, and is subject to the data and conditions described in detail in this report.

Per the MARKET VALUE definition contained in the Acquisition Appraisal Salient Information (see Addenda), the value conclusion for the property that is the subject of this appraisal is:

Value Conclusion
Value Type Interest Appraised Date of Value Value Conclusion Market Value Fee Simple August 25, 2025 $5,420,000
Extraordinary Assumptions and Hypothetical Conditions
None

1. As of the effective date of value, the City of West Sacramento is considering the described acquisition for a park land acquisition project (the "Project"). The fair market value of the part acquired ("before" value) is premised on the basis of the subject property's condition without regard to the proposed acquisition and under the presumption that the Project does not exist.

2. The City and school district have a joint use agreement which covers use and improvement of the park area, among other properties. In conformance with the definition of Market Value (“open competitive market”), the appraisal is based upon a hypothetical condition that the property is not part of the joint use agreement, and that the school district would have the ability to sell the land to an entity other than the City.

The use of any extraordinary assumption or hypothetical condition may have affected the assignment results.

The value conclusions are based on the following hypothetical conditions. A hypothetical condition is a condition, directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis.

The value conclusions are subject to the following extraordinary assumptions. An extraordinary assumption is an assignment-specific assumption as of the effective date regarding uncertain information used in an analysis which, if found to be false, could alter the appraiser’s opinions or conclusions.

66 Applicable Requirements 3
Bryte Park / Washington Unified School District Land
A Jurisdictional Exception is applied to comply with UASFLA 4.2.1.2 and no opinion of exposure time was developed.

Date of Assignment or Contract: 8/25/2025 Date Signed: November 11, 2025 Noah Kauffman, MAI, R/W-AC
Certified General Real Estate Appraiser
California Certificate # 3004618
Kevin Ziegenmeyer, MAI
Certified General Real Estate Appraiser
California Certificate # AG013567
67 Applicable Requirements 4
Bryte Park / Washington Unified School District Land
Executive Summary
Property Identification
Property Identification
Address 425 Todhunter Ave.

West Sacramento, California 95605
Tax ID 014-580-002 (portion)
Owner of Record Washington Unified School District of Yolo County As will be discussed, the subject property is a 24.62-acre portion the above noted Assessor’s parcel number. Although the subject is a portion of the parcel, it represents a separate Larger Parcel.

A legal description of the subject property is included within the addenda of this report.

Subject Description
The subject property is located at the northeast corner of Todhunter Avenue and Carrie Street in the City of West Sacramento. The subject is a parcel of land containing an area of 24.62 acres. The property is zoned RP / PQP, Recreation and Parks / Public/Quasi Public. The Recreation and Parks designated area allows for recreational features for public use while the Public/Quasi Public designated area allows for government-owned facilities or schools. The subject is used as an existing public park called Bryte Park; however, the underlying land is not owned by the City.

Property Right to be Acquired and Effects of Acquisition The subject property consists of 24.62 acres that the City of West Sacramento proposes to acquire in its entirety.

Highest and Best Use Conclusions
The subject property is used as an existing park by the City, is zoned for public use, but is owned by the Washington Unified School District. The typical measure of market value for similar scenarios (school and park sites) is not the highest and best use under the existing zoning but an alternative non-public economic highest and best use. As a condition of the assignment the value concluded for the land herein assumes the land would be available for an alternative non-public economic highest and best use, which is development of single-family detached homes at a similar density to nearby development. This also conforms with the Public Park Preservation Act of 1971.

Final Opinion of Value
Value Conclusion
Value Type Interest Appraised Date of Value Value Conclusion Market Value Fee Simple August 25, 2025 $5,420,000
The acquisition area is a portion of a property owned by the Washington Unified School District.

However, the acquisition does not impact the school. As a condition of the assignment, the Larger Parcel to be appraised is exclusively the proposed acquisition area. As the 24.62-acre proposed 68 Applicable Requirements 5
Bryte Park / Washington Unified School District Land
acquisition area represents a separate Larger Parcel, a Before and After valuation is not necessary as there would be no remainder parcel in the After condition.

Extraordinary Assumptions and Hypothetical Conditions

1. The scope of work considers that the client may seek federal funding. As such, the appraisal has been prepared under the assumption that the requirements of the UASFLA "Yellow Book" apply to this assignment.

2. The City and school district have entered into a joint use agreement reportedly under the context that the school district would ultimately be paid market value for the land.

1. As of the effective date of value, the City of West Sacramento is considering the described acquisition for a park land acquisition project (the "Project"). The fair market value of the part acquired ("before" value) is premised on the basis of the subject property's condition without regard to the proposed acquisition and under the presumption that the Project does not exist.

2. The City and school district have a joint use agreement which covers use and improvement of the park area, among other properties. In conformance with the definition of Market Value (“open competitive market”), the appraisal is based upon a hypothetical condition that the property is not part of the joint use agreement, and that the school district would have the ability to sell the land to an entity other than the City.

The use of any extraordinary assumption or hypothetical condition may have affected the assignment results.

The value conclusions are based on the following hypothetical conditions. A hypothetical condition is a condition, directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis.

The value conclusions are subject to the following extraordinary assumptions. An extraordinary assumption is an assignment-specific assumption as of the effective date regarding uncertain information used in an analysis which, if found to be false, could alter the appraiser’s opinions or conclusions.

A Jurisdictional Exception is applied to comply with UASFLA 4.2.1.2 and no opinion of exposure time was developed.

The appraisal additionally includes the following assignment conditions:
 The subject property is used as an existing park by the City, is zoned for public use, but is owned by the Washington Unified School District. The typical measure of market value for similar scenarios (school and park sites) is not the highest and best use under the existing zoning but an alternative non-public economic highest and best use. As a condition of the assignment the value concluded for the land herein assumes the land would be available for an alternative non-public economic highest and best use, which is development of singlefamily detached homes at a similar density to nearby development. This also conforms with the Public Park Preservation Act of 1971.
 The acquisition area is a portion of a property owned by the Washington Unified School District. However, the acquisition does not impact the school. As a condition of the assignment, the Larger Parcel to be appraised is exclusively the proposed acquisition area. As the 24.62-acre proposed acquisition area represents a separate Larger Parcel, a Before and After valuation is not necessary as there would be no remainder parcel in the After condition.  As the subject property is owned by the Washington Unified School District and is used for public purposes, prior sales of the subject property are not the best evidence of its value. As a 69 Applicable Requirements 6
Bryte Park / Washington Unified School District Land
condition of the assignment, prior sales of the subject property need not be verified or analyzed.
 As the subject property is owned by the Washington Unified School District and is used for public purposes, rental history of the subject is not relevant. As a condition of the assignment, details of rental history do not need to be collected or analyzed.  The purpose of the appraisal is to value the underlying land. As a condition of the assignment, collection and analysis of information pertaining to existing improvements is not relevant and would not be performed. In addition, photographs of the improvements are not relevant and not required.
70 Applicable Requirements 7
Bryte Park / Washington Unified School District Land
Subject Photos
71 Applicable Requirements 8
Bryte Park / Washington Unified School District Land

Photo 1 – Facing northwest
Taken by Noah Kauffman on August 25, 2025
Photo 2 – Facing north
Taken by Noah Kauffman on August 25, 2025
Photo 3 – Facing northeast
Taken by Noah Kauffman on August 25, 2025
Photo 4 – Facing west
Taken by Noah Kauffman on August 25, 2025
Photo 5 – Facing south
Taken by Noah Kauffman on August 25, 2025
Photo 6 – Facing west
Taken by Noah Kauffman on August 25, 2025
72 Applicable Requirements 9
Bryte Park / Washington Unified School District Land
Photo 7 – Facing north (improvements not impacted)
Taken by Noah Kauffman on August 25, 2025
Photo 8 – Facing east (improvements not impacted)
Taken by Noah Kauffman on August 25, 2025
Photo 9 – Facing south (adjacent property)
Taken by Noah Kauffman on September 2, 2025
Photo 10 – Facing west (adjacent property)
Taken by Noah Kauffman on September 2, 2025
Photo 11 – Facing north (adjacent property)
Taken by Noah Kauffman on September 2, 2025
Photo 12 – Facing southeast (adjacent property)
Taken by Noah Kauffman on September 2, 2025
73 Applicable Requirements 10
Bryte Park / Washington Unified School District Land
Assumptions and Limiting Conditions
This appraisal and any other work product related to this engagement are limited by the following standard assumptions, except as otherwise noted in the report:

1. The property is under responsible ownership and is available for its highest and best use.

2. There are no existing judgments or pending or threatened litigation that could affect the value of the property.

3. There are no hidden or undisclosed conditions of the land or of the improvements that would render the property more or less valuable.

4. The revenue stamps placed on any deed referenced herein to indicate the sale price are in correct relation to the actual dollar amount of the transaction.

5. The property is in compliance with all applicable building, environmental, zoning, and other federal, state and local laws, regulations and codes.

6. The information furnished by others is believed to be reliable, but no warranty is given for its accuracy.

This appraisal and any other work product related to this engagement are subject to the following limiting conditions, except as otherwise noted in the report:

1. An appraisal is inherently subjective and represents our opinion as to the value of the property appraised.

2. The conclusions stated in our appraisal apply only as of the effective date of the appraisal, and no representation is made as to the effect of subsequent events.

3. No changes in any federal, state or local laws, regulations or codes (including, without limitation, the Internal Revenue Code) are anticipated.

4. No environmental impact studies were either requested or made in conjunction with this appraisal, and we reserve the right to revise or rescind any of the value opinions based upon any subsequent environmental impact studies. If any environmental impact statement is required by law, the appraisal assumes that such statement will be favorable and will be approved by the appropriate regulatory bodies.

5. Unless otherwise agreed to in writing, we are not required to give testimony, respond to any subpoena or attend any court, governmental or other hearing with reference to the property without compensation relative to such additional employment.

6. We have made no survey of the property and assume no responsibility in connection with such matters. Any sketch or survey of the property included in this report is for illustrative purposes only and should not be considered to be scaled accurately for size. The appraisal covers the property as described in this report, and the areas and dimensions set forth are assumed to be correct.
74 Applicable Requirements 11
Bryte Park / Washington Unified School District Land

7. No opinion is expressed as to the value of subsurface oil, gas or mineral rights, if any, and we have assumed that the property is not subject to surface entry for the exploration or removal of such materials, unless otherwise noted in our appraisal.

8. We accept no responsibility for considerations requiring expertise in other fields. Such considerations include, but are not limited to, legal descriptions and other legal matters such as legal title, geologic considerations such as soils and seismic stability; and civil, mechanical, electrical, structural and other engineering and environmental matters. Such considerations may also include determinations of compliance with zoning and other federal, state, and local laws, regulations and codes.

9. The appraisal report shall be considered only in its entirety. No part of the appraisal report shall be utilized separately or out of context.

10. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraisers, or any reference to the Appraisal Institute) shall be disseminated through advertising media, public relations media, news media or any other means of communication (including without limitation prospectuses, private offering memoranda and other offering material provided to prospective investors) without the prior written consent of the persons signing the report.

11. Information, estimates and opinions contained in the report and obtained from third-party sources are assumed to be reliable and have not been independently verified.

12. The current purchasing power of the dollar is the basis for the values stated in the appraisal; we have assumed that no extreme fluctuations in economic cycles will occur.

13. The values found herein are subject to these and to any other assumptions or conditions set forth in the body of this report but which may have been omitted from this list of Assumptions and Limiting Conditions.

14. The analyses contained in the report necessarily incorporate numerous estimates and assumptions regarding property performance, general and local business and economic conditions, the absence of material changes in the competitive environment and other matters. Some estimates or assumptions, however, inevitably will not materialize, and unanticipated events and circumstances may occur; therefore, actual results achieved during the period covered by our analysis will vary from our estimates, and the variations may be material.

15. The appraisal report is prepared for the exclusive benefit of you, your subsidiaries and/or affiliates. It may not be used or relied upon by any other party. All parties who use or rely upon any information in the report without our written consent do so at their own risk.

16. No studies have been provided to us indicating the presence or absence of hazardous materials on the subject property or in the improvements, and our valuation is predicated upon the assumption that the subject property is free and clear of any environment hazards including, without limitation, hazardous wastes, toxic substances and mold. No representations or warranties are made regarding the environmental condition of the subject property. IRR - Sacramento, Integra Realty Resources, Inc., and their respective officers, owners, managers, directors, agents, subcontractors or employees (the “Integra Parties”), 75 Applicable Requirements 12
Bryte Park / Washington Unified School District Land
shall not be responsible for any such environmental conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist.

Because we are not experts in the field of environmental conditions, the appraisal report cannot be considered as an environmental assessment of the subject property.

17. The persons signing the report may have reviewed available flood maps and may have noted in the appraisal report whether the subject property is located in an identified Special Flood Hazard Area. However, we are not qualified to detect such areas and therefore do not guarantee such determinations. The presence of flood plain areas and/or wetlands may affect the value of the property, and the value conclusion is predicated on the assumption that wetlands are non-existent or minimal.

18. We are not a building or environmental inspector. The Integra Parties do not guarantee that the subject property is free of defects or environmental problems.

19. IRR - Sacramento is an independently owned and operated company. The parties hereto agree that Integra shall not be liable for any claim arising out of or relating to any appraisal report or any information or opinions contained therein as such appraisal report is the sole and exclusive responsibility of IRR - Sacramento. In addition, it is expressly agreed that in any action which may be brought against the Integra Parties arising out of, relating to, or in any way pertaining to the engagement letter, the appraisal reports or any related work product, the Integra Parties shall not be responsible or liable for any incidental or consequential damages or losses, unless the appraisal was fraudulent or prepared with intentional misconduct. It is further expressly agreed that the collective liability of the Integra Parties in any such action shall not exceed the fees paid for the preparation of the assignment (unless the appraisal was fraudulent or prepared with intentional misconduct). It is expressly agreed that the fees charged herein are in reliance upon the foregoing limitations of liability.

20. IRR - Sacramento is an independently owned and operated company, which has prepared the appraisal for the specific intended use stated elsewhere in the report. The use of the appraisal report by anyone other than the Client is prohibited except as otherwise provided.

Accordingly, the appraisal report is addressed to and shall be solely for the Client’s use and benefit unless we provide our prior written consent. We expressly reserve the unrestricted right to withhold our consent to your disclosure of the appraisal report or any other work product related to the engagement (or any part thereof including, without limitation, conclusions of value and our identity), to any third parties. Stated again for clarification, unless our prior written consent is obtained, no third party may rely on the appraisal report (even if their reliance was foreseeable).

21. The conclusions of this report are estimates based on known current trends and reasonably foreseeable future occurrences. These estimates are based partly on property information, data obtained in public records, interviews, existing trends, buyer-seller decision criteria in the current market, and research conducted by third parties, and such data are not always completely reliable. The Integra Parties are not responsible for these and other future occurrences that could not have reasonably been foreseen on the effective date of this assignment. Furthermore, it is inevitable that some assumptions will not materialize and that unanticipated events may occur that will likely affect actual performance. While we are of the opinion that our findings are reasonable based on current market conditions, we do not 76 Applicable Requirements 13
Bryte Park / Washington Unified School District Land
represent that these estimates will actually be achieved, as they are subject to considerable risk and uncertainty. Moreover, we assume competent and effective management and marketing for the duration of the projected holding period of this property.

22. USPAP Standards Rule 1-2(c)(iv) requires an appraiser to develop an opinion of reasonable exposure time when exposure time is a component of the definition for the value opinion being developed; however, UASFLA 4.2.1.2 notes that appraisers should not link opinions of market value for federal acquisitions to a specific exposure time. The Jurisdictional Exception Rule is therefore applied to comply with UASFLA 4.2.1.2.

23. The appraisal is also subject to the following:

Extraordinary Assumptions and Hypothetical Conditions

1. The scope of work considers that the client may seek federal funding. As such, the appraisal has been prepared under the assumption that the requirements of the UASFLA "Yellow Book" apply to this assignment.

2. The City and school district have entered into a joint use agreement reportedly under the context that the school district would ultimately be paid market value for the land.

1. As of the effective date of value, the City of West Sacramento is considering the described acquisition for a park land acquisition project (the "Project"). The fair market value of the part acquired ("before" value) is premised on the basis of the subject property's condition without regard to the proposed acquisition and under the presumption that the Project does not exist.

2. The City and school district have a joint use agreement which covers use and improvement of the park area, among other properties. In conformance with the definition of Market Value (“open competitive market”), the appraisal is based upon a hypothetical condition that the property is not part of the joint use agreement, and that the school district would have the ability to sell the land to an entity other than the City.

The use of any extraordinary assumption or hypothetical condition may have affected the assignment results.

The value conclusions are based on the following hypothetical conditions. A hypothetical condition is a condition, directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis.

The value conclusions are subject to the following extraordinary assumptions. An extraordinary assumption is an assignment-specific assumption as of the effective date regarding uncertain information used in an analysis which, if found to be false, could alter the appraiser’s opinions or conclusions.

The appraisal additionally includes the following assignment conditions:
 The subject property is used as an existing park by the City, is zoned for public use, but is owned by the Washington Unified School District. The typical measure of market value for similar scenarios (school and park sites) is not the highest and best use under the existing zoning but an alternative non-public economic highest and best use. As a condition of the assignment the value concluded for the land herein assumes the land would be available for an alternative non-public economic highest and best use, which is development of singlefamily detached homes at a similar density to nearby development. This also conforms with the Public Park Preservation Act of 1971.
 The acquisition area is a portion of a property owned by the Washington Unified School District. However, the acquisition does not impact the school. As a condition of the 77 Applicable Requirements 14
Bryte Park / Washington Unified School District Land
assignment, the Larger Parcel to be appraised is exclusively the proposed acquisition area. As the 24.62-acre proposed acquisition area represents a separate Larger Parcel, a Before and After valuation is not necessary as there would be no remainder parcel in the After condition.  As the subject property is owned by the Washington Unified School District and is used for public purposes, prior sales of the subject property are not the best evidence of its value. As a condition of the assignment, prior sales of the subject property need not be verified or analyzed.
 As the subject property is owned by the Washington Unified School District and is used for public purposes, rental history of the subject is not relevant. As a condition of the assignment, details of rental history do not need to be collected or analyzed.  The purpose of the appraisal is to value the underlying land. As a condition of the assignment, collection and analysis of information pertaining to existing improvements is not relevant and would not be performed. In addition, photographs of the improvements are not relevant and not required.
78 Applicable Requirements 15
Bryte Park / Washington Unified School District Land
Description of Scope of Work
Applicable Requirements
This appraisal report conforms to the following requirements and regulations:
 Uniform Appraisal Standard for Federal Land Acquisitions;  Uniform Standards of Professional Appraisal Practice (USPAP); and complies with USPAP’s Jurisdictional Exception Rule concerning Exposure Time;  Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute;  Applicable state appraisal regulations.
 In addition to compliance with USPAP, this report also meets Federal Regulations as defined in 49 CFR part 24.

Report Format
This report is prepared under the Appraisal Report option of Standards Rule 2-2(a) of USPAP. As USPAP gives appraisers the flexibility to vary the level of information in an Appraisal Report depending on the intended use and intended users of the appraisal, we adhere to the Integra Realty Resources internal standards for an Appraisal Report – Comprehensive Format.

Prior Services
USPAP requires appraisers to disclose to the client any other services they have provided in connection with the subject property in the prior three years, including valuation, consulting, property management, brokerage, or any other services. We have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding the agreement to perform this assignment.

Appraiser Competency
No steps were necessary to meet the competency provisions established under USPAP. The assignment participants have appraised several properties similar to the subject in physical, locational, and economic characteristics, and are familiar with market conditions and trends; therefore, appraiser competency provisions are satisfied for this assignment. Appraiser qualifications and state credentials are included in the addenda of this report.

Client and Intended User(s)
The client is CMD West. The intended users are CMD West and City of West Sacramento. No other party or parties may use or rely on the information, opinions, and conclusions contained in this report.

Under the Uniform Appraisal Standards for Federal Land Acquisitions, the client for the appraisal is to be the federal agency involved. As of the report date, the federal agency has not been identified by the City. As a condition of the assignment, the Client is CMD West and the City of West Sacramento is an additional intended user.
79 Intended Use 16
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Intended Use
The intended use of this appraisal is to provide information to the City of West Sacramento, who desires to acquire the subject property in its entirety for continued park use.

Definition of Market Value
Market value is the amount in cash, or on terms reasonably equivalent to cash, for which in all probability the property would have sold on the effective date of value, after a reasonable exposure time on the open competitive market, from a willing and reasonably knowledgeable seller to a willing and reasonably knowledgeable buyer, with neither acting under any compulsion to buy or sell, giving due consideration to all available economic uses of the property.1 Effective Date
The effective date of the appraisal is August 25, 2025.

Property Characteristics
The subject is a parcel of land containing an area of 24.62 acres. The property is zoned RP / PQP, Recreation and Parks / Public/Quasi Public. The Recreation and Parks designated area allows for recreational features for public use while the Public/Quasi Public designated area allows for government-owned facilities or schools. The subject is used as an existing public park called Bryte Park; however, the underlying land is not owned by the City. As the appraisal is concerned only with the value of the underlying land, existing improvements at the subject property are not analyzed.

Larger Parcel
As part of our analysis, we make a determination of the larger parcel. Please see the discussion on

property.

Assignment Conditions
The purpose of the appraisal is to develop an opinion of the market value of the fee simple interest in the property as of the effective date of the appraisal, August 25, 2025. The date of the report is November 11, 2025. The appraisal is valid only as of the stated effective date or dates.

The appraisal includes the following assignment conditions:
 The subject property is used as an existing park by the City, is zoned for public use, but is owned by the Washington Unified School District. The typical measure of market value for similar scenarios (school and park sites) is not the highest and best use under the existing zoning but an alternative non-public economic highest and best use. As a condition of the assignment the value concluded for the land herein assumes the land would be available for an alternative non-public economic highest and best use, which is development of single1 Interagency Land Acquisition Conference (U.S.). (2016). Uniform appraisal standards for Federal land acquisitions.

Washington, D.C.: U.S. Govt. Print. Off., 1.2.4.
80 Assignment Conditions 17
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family detached homes at a similar density to nearby development. This also conforms with the Public Park Preservation Act of 1971.
 The acquisition area is a portion of a property owned by the Washington Unified School District. However, the acquisition does not impact the school. As a condition of the assignment, the Larger Parcel to be appraised is exclusively the proposed acquisition area. As the 24.62-acre proposed acquisition area represents a separate Larger Parcel, a Before and After valuation is not necessary as there would be no remainder parcel in the After condition.  As the subject property is owned by the Washington Unified School District and is used for public purposes, prior sales of the subject property are not the best evidence of its value. As a condition of the assignment, prior sales of the subject property need not be verified or analyzed.
 As the subject property is owned by the Washington Unified School District and is used for public purposes, rental history of the subject is not relevant. As a condition of the assignment, details of rental history do not need to be collected or analyzed.  The purpose of the appraisal is to value the underlying land. As a condition of the assignment, collection and analysis of information pertaining to existing improvements is not relevant and would not be performed. In addition, photographs of the improvements are not relevant and not required.

Property Rights Definitions
The property rights appraised which are applicable to this assignment are defined as follows.

Fee Simple Estate
Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat.2 Valuation Methodology
Appraisers usually consider the use of three approaches to value when developing a market value opinion for real property. These are the cost approach, sales comparison approach, and income capitalization approach. Use of the approaches in valuing the larger parcel are summarized as follows:

Approaches to Value
Approach Applicability to Subject Use in Assignment
Cost Approach Not Applicable Not Utilized
Sales Comparison Approach Applicable Utilized
Income Capitalization Approach Not Applicable Not Utilized The cost approach is not applicable because the valuation addresses only the underlying land and the income approach is not applicable because the subject’s land is not likely to generate rental income 2 Appraisal Institute, The Dictionary of Real Estate Appraisal, 7th ed. (Chicago: Appraisal Institute, 2022) 81 Assignment Conditions 18
Bryte Park / Washington Unified School District Land
commensurate with its value in its current state. In addition, although it would theoretically be possible to lease the subject property (ground lease), based upon our research there was not sufficient ground lease market data available for the analysis necessary to produce credible results.

Geographic Area and Timespan of Market Data
The type and extent of the research and analysis conducted are detailed in individual sections of the report. The steps taken to verify comparable data are disclosed in the addenda of this report.

Inspection
Property Inspection
Party Inspection Type Inspection Date
Noah Kauffman, MAI, R/W-AC On-site August 25, 2025
Kevin Ziegenmeyer, MAI None N/A
A representative of the owner was provided the opportunity to accompany us on the inspection of the subject property and was present.
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Factual Data and Analysis
Subject Description
Property Identification
Address 425 Todhunter Ave.

West Sacramento, California 95605
Tax ID 014-580-002 (portion)
Owner of Record Washington Unified School District of Yolo County As will be discussed, the subject property is a 24.62-acre portion of the above noted Assessor’s parcel number. Although the subject is a portion of the parcel, it represents a separate Larger Parcel.

A legal description of the subject property is included within the addenda of this report.

Economic Analysis – Sacramento MSA
The subject is located in the Sacramento-Roseville-Folsom, CA Metropolitan Statistical Area. The Sacramento MSA represents a key governmental and economic hub in Northern California. The area benefits from a diversified economy encompassing government, healthcare, education, and an expanding technology sector. However, the area faces challenges from a cooling labor market, rising commercial real estate vacancies, and housing affordability issues exacerbated by elevated mortgage rates and insurance costs. Despite these obstacles, Sacramento's infrastructure and economic diversification position the region for long-term growth. 83 Economic Analysis – Sacramento MSA 20
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Area Map
84 Surrounding Area Analysis 21
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Surrounding Area Analysis
The subject is located in West Sacramento within the greater Sacramento market. Area boundaries and delineation are indicated in the following table. A map identifying the location of the property follows this section.

Boundaries & Delineation
Boundaries
Market Area Sacramento
Submarket West Sacramento
Area Type Suburban
Delineation
North Sacramento River
South Sacramento River Deep Water Ship Channel
East Sacramento River
West Prospect Slough
Access and Linkages
Primary access and linkages to the subject area, including highways, roadways, public transit, traffic counts, and airports, are summarized in the following table.

Access & Linkages
Vehicular Access
Major Highways Interstate 80, Interstate 5, Highway 50
Primary Corridors Sacramento Avenue, W. Capitol Avenue and Harbor Boulevard Vehicular Access Rating Good
Public Transit
Providers Yolobus | Amtrak & Capitol Corridor
Nearest Stop/Station Bryte Avenue & Lisbon Avenue (Route 40) | Sac. Valley Station Transit Access Rating Average
Airport(s)
Name Sacramento International Airport
Distance 12 Miles
Driving Time 15 Minutes
Primary Transportation Mode Automobile
Population and Income
A demographic profile of the surrounding area, including population, households, and income data, is presented in the following table.
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As shown above, the current population within the city is 54,796, and the average household size is

2.7. Population in the area has grown since the 2020 census, and this trend is projected to continue over the next five years. Compared to the Sacramento MSA overall, the population within the city is projected to grow at a faster rate.

Median household income is $89,565, which is lower than the household income for the wider MSA.

Residents within the city have a lower level of educational attainment compared to the wider MSA, and median owner-occupied home values are also lower.

Demand Generators
The typical generators of demand affecting the subject property and its market are discussed and analyzed below.

Employment and Employment Centers
Industrial development continues to be the backbone of West Sacramento’s economy. From the Port of Sacramento to major trucking operations, the city has historically attracted heavy industrial users.

Significant industrial developments within the city include The Riverside Commerce Center with 450,000 square feet of industrial space and 350,000 square feet of office space and the Southport Industrial Park located on the south bank of the Sacramento deep water ship channel.

Nearby Residential Uses
The subject property is located at the northern end of the City and residential development is located in close proximity to the east, west and south. Nearby residential development is primarily comprised of detached single-family homes.

Surrounding Area Demographics
2025 Estimates 1-Mile Radius 3-Mile Radius 5-Mile Radius West Sacramento Sacramento MSA Population 2020 13,753 89,923 240,362 53,915 2,397,382
Population 2025 14,443 92,096 244,027 54,796 2,413,840
Population 2030 14,972 94,761 249,478 56,537 2,430,734
Compound % Change 2020-2025 1.0% 0.5% 0.3% 0.3% 0.1%
Compound % Change 2025-2030 0.7% 0.6% 0.4% 0.6% 0.1%
Households 2020 5,029 33,722 94,100 19,553 868,460
Households 2025 5,446 34,950 95,618 19,959 871,441
Households 2030 5,719 36,194 97,829 20,676 876,843
Compound % Change 2020-2025 1.6% 0.7% 0.3% 0.4% 0.1%
Compound % Change 2025-2030 1.0% 0.7% 0.5% 0.7% 0.1%
Median Household Income 2025 $91,298 $73,303 $87,509 $89,565 $93,280 Average Household Size 2.72.4 2.42.7 2.7
College Graduate % 30% 29% 40% 29% 36%
Owner Occupied % 54% 39% 44% 57% 61%
Renter Occupied % 46% 61% 56% 43% 39%
Median Owner Occupied Housing Value $484,684 $466,903 $570,264 $500,945 $606,372 Median Year Structure Built 1985 1984 1982 1989 1983
Average Travel Time to Work in Minutes 2526252729
Source: Claritas
86 Surrounding Area Analysis 23
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Nearby Retail Uses
Commercial uses are primarily located along major thoroughfares. Most commercial developments in West Sacramento are neighborhood centers, strip centers and freestanding buildings. A regional retail center, Riverpoint Marketplace, is located within the southeast quadrant of Reed Avenue and Interstate 80. IKEA, the Swedish furniture chain, opened its 265,000 square foot store in 2006, followed by Wal-Mart and Home Depot stores in 2007. The subject property is located approximately two and a half miles northwest of the 188-acre Bridge District, which is planned for over 5 million square feet of commercial/retail space.

Land Use
Land use characteristics of the area are summarized below.

Surrounding Area Land Uses
Character of Area Suburban
Predominant Age of Improvements (Years) 40+
Predominant Quality and Condition Average
Approximate Percent Developed 95%
Land Use Allocation
Single-Family 45%
Multifamily 5%
Retail 10%
Office 5%
Industrial 30%
Vacant Land 5%
Infrastructure and Planning Average
Predominant Location of Undeveloped Land Eastern, north eastern, and infill sites Immediate Surroundings
North Flood levee and Sacramento River
South School (Washington Middle College High School) and low density residential development East School (Riverbank Elementary School)
West Low density residential development
As of the effective date of value, the City of West Sacramento is considering acquiring the subject property for continued park use (the "Project"). No evidence of a positive or negative effect on the subject’s market value is noted from market indicators. Therefore, employment of a jurisdictional exception or hypothetical condition related project influence is not necessary. This is also consistent with California Code of Civil Procedure 1263.330.

Outlook and Conclusions
The area is in the stable stage of its life cycle. Given the history of the area and the growth trends, it is anticipated that property values will remain relatively stable in the near future. 87 Surrounding Area Analysis 24
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Surrounding Area Map
88 Residential Market Analysis 25
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Residential Market Analysis
The subject property is used as an existing park by the City, is zoned for public use, but is owned by the Washington Unified School District. The typical measure of market value for similar scenarios (school and park sites) is not the highest and best use under the existing zoning but an alternative non-public economic highest and best use. As a condition of the assignment the value concluded for the land herein assumes the land would be available for an alternative non-public economic highest and best use. This also conforms with the Public Park Preservation Act of 1971.

The highest economic use of the subject property as vacant is development of single-family detached homes at a similar density to nearby development. In the following paragraphs, we examine supply and demand indicators for residential use in the subject’s area.

Single-Family Building Permits
Single-family building permits for the city of West Sacramento as well as Yolo County totals are shown in the following table, which shows recent demand for home construction.

Single-Family Building Permits
Year
City of West
Sacramento % Change
County of
Yolo % Change
2016 643,464 -- 585 75.15%
2017 646,916 0.54% 351 -40.00%
2018 642,477 -0.69% 391 11.40%
2019 641,766 -0.11% 664 69.82%
2020 648,964 1.12% 588 -11.45%
2021 675,377 4.07% 492 -16.33%
2022 709,211 5.01% 498 1.22%
2023 688,791 -2.88% 490 -1.61%
2024 696,000 1.05% 448 -8.57%
2025 YTD 687,405 -- 166 --
Source: SOCDS Building Permits Monthly Request
New Home Pricing and Sales
The Gregory Group surveys active new home projects in California and Nevada. In the following table we present indicators for active single-family residential projects in the subject’s County for the past three years. The data include both attached and detached projects, but the vast majority of units are detached homes.
89 Residential Market Analysis 26
Bryte Park / Washington Unified School District Land
New Home Sales History
Quarter Average Price
% Change
Average Price
Average Home
Size (SF)
Avg. Price /
Avg. SF
% Change
Price / SF
Quarter
Sold
Number of
Projects
Sold per Project
per Month
1Q 2023 $643,464 -- 2,266 $283.96 -- 95 16 1.98
2Q 2023 $646,916 0.54% 2,293 $282.13 -0.65% 91 16 1.90
3Q 2023 $642,477 -0.69% 2,281 $281.66 -0.16% 137 15 3.04 4Q 2023 $641,766 -0.11% 2,281 $281.35 -0.11% 111 15 2.47 1Q 2024 $648,964 1.12% 2,292 $283.14 0.64% 191 17 3.75
2Q 2024 $675,377 4.07% 2,325 $290.48 2.59% 151 13 3.87
3Q 2024 $709,211 5.01% 2,306 $307.55 5.87% 111 13 2.85
4Q 2024 $688,791 -2.88% 2,255 $305.45 -0.68% 65 12 1.81 1Q 2025 $696,000 1.05% 2,242 $310.44 1.63% 91 11 2.76
2Q 2025 $687,405 -1.23% 2,056 $334.34 7.70% 43 9 1.59
Source: The Gregory Group

In terms of the number of home sales in Yolo County, over the last 12 months, the average was 2.25 sales per month per project, which was down from the average for the prior 12-month period of 3.36 sales per month per project.

Active New Home Projects Pricing and Absorption
Residential development proximate to the subject property comprises single-family homes on lots ranging in size from approximately 4,000 to 7,000 square feet. There are ten active projects in the area with a similar average lot size, though only one project is located within the City of West Sacramento. These projects are summarized in the following tables, based on data from the Second Quarter of 2025 (most recent available).

Active Projects
Project Name Community Developer
Average
Price
Avg. Home
Size (SF)
Average
Price/SF
Typical Lot
Size (SF)
Units
Planned
Units
Offered
Units
Sold
Units
Unsold
Coronado Sacramento Signature Homes $773,981 2,685 $288.26 4,250 87 74 65 9 Edgewater Sacramento KB Home $611,240 2,239 $273.00 5,500 80 46 28 18 Bridgeport Natomas Meritage Homes $653,833 2,536 $257.82 4,500 139 4 1 3 Durham Natomas Meritage Homes $733,667 2,725 $269.24 5,500 76 4 0 4 Bleau Natomas Lennar Homes $728,990 2,923 $249.40 5,000 348 250 249 1 Crestvue Natomas Lennar Homes $745,430 2,558 $291.41 4,675 235 145 137 8 Drifton Natomas Lennar Homes $847,234 3,037 $278.97 5,500 236 161 150 11 Wavmor Natomas Lennar Homes $730,553 2,483 $294.22 4,500 320 169 163 6 The Estates West Sacramento Seeno Homes $797,250 2,710 $294.19 5,000 99 80 72 8 Casera Meadows Woodland Lennar Homes $709,620 2,483 $285.79 4,250 124 124 124 0 Minimum $611,240 $2,239 $249 4,250
Maximum $847,234 $3,037 $294 5,500
Average $733,180 $2,638 $278 4,868
Source: The Gregory Group

90 Residential Market Analysis 27
Bryte Park / Washington Unified School District Land
Absorption
Project Name Community Developer
Avg. Home
Price
Avg. Home
Size
Typical Lot
Size (SF)
2Q
2025
1Q
2025
4Q
2024
3Q
2024
12-Month
Total
Average per
Quarter
Average per
Month
Coronado Sacramento Signature Homes $773,981 2,685 4,250 4 10 3 3 20 5.0 1.7 Edgewater Sacramento KB Home $611,240 2,239 5,500 0 5 6 4 15 3.8 1.3 Bridgeport Natomas Meritage Homes $653,833 2,536 4,500 1 -- -- -- 1 1.0 0.3 Durham Natomas Meritage Homes $733,667 2,725 5,500 0 -- -- -- 0 0.0 0.0 Bleau Natomas Lennar Homes $728,990 2,923 5,000 10 10 0 38 58 14.5 4.8 Crestvue Natomas Lennar Homes $745,430 2,558 4,675 7 6 10 15 38 9.5 3.2 Drifton Natomas Lennar Homes $847,234 3,037 5,500 5 1 9 4 19 4.8 1.6 Wavmor Natomas Lennar Homes $730,553 2,483 4,500 9 3 1 2 15 3.8 1.3 The Estates West Sacramento Seeno Homes $797,250 2,710 5,000 6 6 6 6 24 6.0 2.0 Casera Meadows Woodland Lennar Homes $709,620 2,483 4,250 3 23 20 15 61 15.3 5.1 45 64 55 87
10 8 8 8

4.5 8.0 6.9 10.9

1.5 2.7 2.3 3.6

2.5 Average Monthly Pro-Rata
Monthly Pro-Rata
Source: The Gregory Group
Total
No. of Active Projects
Quarterly Pro-Rata
Resale Pricing
Often home buyers consider housing purchase options that cover both the new home market as well as the resale market. The following table shows recent resale data for homes in the subject’s city. We again restricted our search to lot sizes of 4,000 to 7,000 square feet.

Resales
Address Sale Date
Living Area
(SF) Sale Price
Last List
Price
Sales
Price/SF Sale/List Year Built
Days on
Market
Lot Size
(SF)
1921 Delaware Ave 8/21/2025 1,400 $520,000 $495,000 $371 105.05% 1950 5 6,050 801 Douglas St 8/20/2025 952 $385,000 $384,999 $404 100.00% 1956 19 5,227 3962 Martis St 8/18/2025 2,549 $590,000 $599,000 $231 98.50% 2005 8 4,792 1045 Milton St 8/15/2025 1,080 $348,000 $350,000 $322 99.43% 1961 7 5,227 1498 Highland Dr 8/15/2025 2,495 $699,000 $699,000 $280 100.00% 2009 7 6,098 3320 Coyote Rd 8/15/2025 2,784 $670,000 $699,000 $241 95.85% 2006 47 6,534 1709 Monte Vista Ct 8/15/2025 2,366 $655,000 $675,000 $277 97.04% 2005 57 6,970 960 Anna St 8/13/2025 1,153 $420,000 $414,900 $364 101.23% 1958 26 5,227 712 Inglewood Dr 8/13/2025 1,484 $425,000 $435,000 $286 97.70% 1956 40 6,098 861 Beardsley Dr 8/12/2025 1,008 $415,000 $410,000 $412 101.22% 1954 4 5,227 3856 Prosser St 8/8/2025 2,947 $725,000 $699,000 $246 103.72% 2006 66 6,534 3501 Cooper Isl Rd 8/6/2025 1,675 $585,000 $580,000 $349 100.86% 2003 17 5,227 1927 Spoonbill Rd 8/5/2025 1,763 $550,000 $549,900 $312 100.02% 2008 5 5,663 1461 Cortina Rd 8/5/2025 3,215 $735,000 $765,000 $229 96.08% 2004 71 6,534 2459 Bear River Ct 8/4/2025 2,250 $665,000 $675,000 $296 98.52% 2005 48 6,534 1671 Powell Pl 7/29/2025 1,466 $605,000 $599,999 $413 100.83% 2000 4 5,663 1156 Longcroft St 7/21/2025 1,590 $544,000 $549,000 $342 99.09% 1954 14 6,120 1510 Cedarbrook Rd 7/18/2025 2,350 $610,000 $629,800 $260 96.86% 2004 23 5,227 3110 King Edward Rd 7/16/2025 1,733 $615,000 $610,000 $355 100.82% 2001 7 6,970 1010 Taber St 7/15/2025 1,097 $449,000 $439,000 $409 102.28% 1971 10 5,000 3735 Solomon Island Rd 7/9/2025 1,452 $525,000 $539,000 $362 97.40% 2002 42 5,227 1873 Redondo Rd 7/7/2025 2,916 $715,000 $724,900 $245 98.63% 2005 54 6,970 Total Sales 22 1,897 $565,909 $569,204 $318 99.60% 1987 26 5,869 (avg.) (avg.) (avg.) (avg.) (avg.) (avg.) (avg.) (avg.) Source: Local Multiple Listing Service (MLS)
91 Residential Market Analysis 28
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Ability to Pay
In this section, we will examine the ability to pay among prospective buyers for a typical price point of $730,000 . First, we will estimate the required annual household income based on typical mortgage parameters in the subject’s market area. Specifically, we will employ a loan-to-value ratio of 80% (down payment of 20%), mortgage interest rate of 6.00%, 360 monthly payments, and a 40% ratio for the housing costs as a percent of monthly income (inclusive of principal, interest, all taxes and insurance). Property tax payments are also accounted for in the analysis. The following table shows the estimate of the annual household income that would be required to afford homes priced at the representative price point.

Income Required
Home Price $730,000
Loan % of Price (Loan to Value) 80%
Loan Amount $584,000
Interest Rate 6.00%
Mortgage Payment $3,501
Property Taxes $717 Based on 1.163800% and direct charges of: $111 Property Insurance $152
Total Monthly Obligation $4,371
Mortgage Payment % of Income 40%
Monthly Income $10,927
Annual Income $131,121
We have obtained income data from Claritas Spotlight by Environics Analytics for a 5-mile radius surrounding the subject property, which is considered representative of typical buyers within the Subject’s area. In the following table we show the income brackets within the noted area, along with estimates of the percentage of households able to afford homes priced at the representative price point within each income bracket.

Household Ability
Household Income Households
Percent of
Households
Percent Able to
Pay Households
Households
Able to Pay
< $15,000 58,616 45.6% 0.0% 0 0.0%
$15,000 - $24,999 5,337 4.2% 0.0% 0 0.0%
$25,000 - $34,999 3,618 2.8% 0.0% 0 0.0%
$35,000 - $49,999 3,903 3.0% 0.0% 0 0.0%
$50,000 - $74,999 6,253 4.9% 0.0% 0 0.0%
$75,000 - $99,999 11,121 8.7% 0.0% 0 0.0%
$100,000 - $124,999 10,099 7.9% 0.0% 0 0.0%
$125,000 - $149,999 8,499 6.6% 75.5% 6,418 5.0%
$150,000 - $199,999 6,248 4.9% 100.0% 6,248 4.9%
$200,000 - $249,999 7,495 5.8% 100.0% 7,495 5.8%
$250,000 - $499,999 3,408 2.7% 100.0% 3,408 2.7%
$500,000+ 3,891 3.0% 100.0% 3,891 3.0%
128,488 100.0% 27,460 21.4%
92 Residential Market Analysis 29
Bryte Park / Washington Unified School District Land
Interest rates continue to play a key role in housing affordability, with a generally inverse relationship between rates and the price point buyers can afford. While mortgage rates hovered at or below 3.0% during the pandemic years, creating an attractive buying environment, today’s rates have normalized closer to the 6–7% range. Most buyers now appear to accept that the ultra-low-rate era was temporary and are recalibrating expectations accordingly.

Throughout 2022 and into early 2023, rising interest rates and record-high home prices significantly impacted affordability, particularly for entry-level buyers.

By mid-2023, the rapid pace of home sales seen in prior years had slowed to more sustainable levels, better aligning with builders’ construction timelines. The increase in mortgage rates clearly tempered demand, but by late 2023 and into 2024, the market showed signs of stabilization. Buyers who had previously delayed purchases in hopes of falling home prices or rates began returning to the market, adjusting to the new normal.

As of early-2025, market conditions had largely stabilized. Inventory remained low, especially in the resale market, which had continued to support demand for new construction. Sales activity had held steady, with some builders reporting modest increases in base prices over the past year. However, as of the effective date of value, builders have noted a slowing in sales pacing and the slowdown appears to be negatively impacting home pricing.

Conclusions
Overall, demand for homes in the subject’s market area remains steady though a slowing in sales pacing along with challenges in wider economic conditions (home price increases outpacing income growth, increased costs, less predictability in the economy) is likely to continue to negatively impact home pricing in the near term.
93 Site Data 30
Bryte Park / Washington Unified School District Land
Site Data
Existing Use
The subject property comprises an existing park.

Access
Details pertaining to street access and frontage are provided in the following table.

Streets, Access and Frontage
Street Todhunter Ave. Carrie St. Riverbank Rd.

Paving Yes Yes Yes
Curbs Yes Yes Yes
Sidewalks Partial Yes No
Lanes 2 way, 1 lane each way 2 way, 1 lane each way 2 way, 1 lane each way Direction of Traffic N/S E/W E/W
Condition Average Average Average
Traffic Levels Low Low Low
Signals/Traffic Control Stop sign Stop sign Stop sign
Access/Curb Cuts None Average Average
Visibility Average Average Average
Topography
The site is generally level and at street grade. The topography does not result in any particular development limitations.

Ground Stability
A soils report was not provided for review. Based on the inspection of the subject and observation of development on nearby sites, there are no apparent ground stability problems. However, soils analyses are beyond the scope of expertise of the assignment participants. It is assumed the subject’s soil bearing capacity is sufficient to support a variety of uses, including those permitted by zoning.

No particular drainage problems were observed or disclosed at the time of field inspection. This appraisal assumes that surface water collection, both on-site and in public streets adjacent to the subject, is adequate.

Vegetation
The site is landscaped with lawn and mature trees, typical of park use. The appraisal is concerned only with the underlying land and no contributory value is considered for existing landscaping. 94 Site Data 31
Bryte Park / Washington Unified School District Land
Land Area
The following table summarizes the subject’s land area, which is based upon the legal description and plat map provided for use in the assignment.

Land Area Summary
Tax ID SF Acres
014-580-002 (portion) 1,072,447 24.62
Land Shape
The site is nearly rectangular in shape. Site utility based on shape and dimensions is average.

Utilities
Utilities information relative to the subject are summarized below.

Utilities
Service Provider
Water City of West Sacramento
Sewer City of West Sacramento
Electricity PG&E
Natural Gas PG&E
Local Phone Various providers
Minerals
To the best of our knowledge, the property does not feature any commercially valuable mineral deposits.

Easements, Encroachments and Restrictions
A preliminary title report for the subject property alone was not available. We reviewed a preliminary title report related to the subject property’s Assessor parcel which includes the subject property and adjacent school site. The report was prepared by Fidelity National Title Company and dated July 23, 2025. The report identifies exceptions to title, which include rights within roads and various easements for ingress and egress, right-of-way, flood control, and a pole line. The existing easements would not appear to have an adverse effect on value. This valuation assumes no adverse impacts from easements, encroachments or restrictions and further assumes that the subject has clear and marketable title.

The City and school district have a joint use agreement which covers use and improvement of the park area, among other properties. In conformance with the definition of Market Value (“open competitive market”), the appraisal is based upon a hypothetical condition that the property is not part of the joint use agreement, and that the school district would have the ability to sell the land to an entity other than the City
95 Site Data 32
Bryte Park / Washington Unified School District Land
Flood Hazard Status
The following table indicates applicable flood hazard information for the subject property, as determined by review of available flood maps obtained from the Federal Emergency Management Agency (FEMA).

Flood Hazard Status
Community Panel Number 06072800005B
Date January 19, 1995
Zone X
Description Outside of 500-year floodplain
Insurance Required? No
Seismic Hazards
All properties in California are subject to some degree of seismic risk. The Alquist-Priolo Earthquake Fault Zoning Act was enacted by the State of California in 1972 to regulate development near active earthquake faults. The Act required the State Geologist to delineate “Earthquake Fault Zones” (formerly known as “Special Studies Zones”) along known active faults in California. Cities and counties affected by the identified zones must limit certain development projects within the zones unless geologic investigations demonstrate that the sites are not threatened by surface displacement from future faulting.

According to information from the California Geological Survey (formerly known as the Division of Mines and Geology), the subject is not located within a zone of required investigation for fault rupture, liquefaction, or seismic landslide hazards. Seismic issues are beyond my scope of expertise, and the appraiser has assumed that there are no known seismic issues with the subject property. Integra Realty Resources and the appraiser is not qualified to determine the severity of seismic risk, nor are they qualified to determine the appropriate level of seismic insurance nor its availability for the subject property. We recommend the reader contact a qualified insurance broker for additional clarification as needed.

Environmental Hazards
An environmental assessment report was not provided for review, and during the inspection, no obvious signs of contamination on or near the subject were observed. However, environmental issues are beyond the scope of expertise of the assignment participants. It is assumed the property is not adversely affected by environmental hazards.

Potential Development Density
The subject property is used as an existing park by the City, is zoned for public use, but is owned by the Washington Unified School District. The value concluded for the land herein assumes the land would be available for an alternative non-public economic highest and best use, which is development of single-family detached homes at a similar density to nearby development. Single-family development proximate to the subject is zoned R1-A, which allows for residential densities in the 96 Site Data 33
Bryte Park / Washington Unified School District Land
range of 1.1 to 6.0 units per gross acre. The density of nearby development is toward the upper-end of the allowed range.

Conclusion of Site Analysis
Overall, the physical characteristics and the availability of utilities result in a functional site, suitable for a variety of uses.
97 Sale History 34
Bryte Park / Washington Unified School District Land
Use History
The subject property is existing park land and according to satellite images the property has been under a similar use for more than 30 years.

Sale History
To the best of our knowledge, no sales or transfers of ownership have taken place within a ten-year period prior to the effective appraisal date. As the subject property is owned by the Washington Unified School District and is used for public purposes, prior sales of the subject property are not the best evidence of its value. As a condition of the assignment, prior sales of the subject property need not be verified or analyzed.

Pending Transactions
To the best of our knowledge, the property is not subject to an agreement of sale or an option to buy, nor is it listed for sale, as of the effective appraisal date.

Rental History
As the subject property is owned by the Washington Unified School District and is used for public purposes, rental history of the subject is not relevant. As a condition of the assignment, details of rental history do not need to be collected or analyzed. 98 Tax/Assessments 35
Bryte Park / Washington Unified School District Land
Tax/Assessments
Real Estate Taxes
The property tax system in California was amended in 1978 by Article XIII to the State Constitution commonly referred to as Proposition 13. It provides for a limitation on property taxes and for a procedure to establish the current taxable value of real property by reference to a base year value, which is then modified annually to reflect inflation (if any). Annual increases cannot exceed 2% per year.

The base year was set at 1975-76 or any year thereafter in which the property is substantially improved or changes ownership. When either of these two conditions occurs, the property is to be reappraised at market value, which becomes the new base year assessed value. Proposition 13 also limits the maximum tax rate to 1% of the value of the property, exclusive of bonds and direct charges.

Bonded indebtedness approved prior to 1978, and any bonds subsequently approved by a two-thirds vote of the district in which the property is located, can be added to the 1% tax rate.

The applicable tax rate for the subject property (2025-26) is 1.16380%. The subject is owned by a school district and the property is not assessed for property taxes.

The subject does not have any special assessment obligations relating to Mello-Roos or Assessment District bonds and no delinquent taxes are noted.

Note: Tax information has been provided for compliance purposes to meet regulatory requirements for appraisals. It is not germane to this valuation analysis.

Zoning
The subject is zoned Recreation and Parks / Public/Quasi Public. The following table summarizes the applicable zoning requirements affecting the subject.

Zoning Summary
Zoning Jurisdiction City of West Sacramento
Zoning Designation RP / PQP
Description Recreation and Parks / Public/Quasi Public
Legally Conforming? Appears to be legally conforming
Zoning Change Likely? No
Permitted Uses Recreation and Parks designated area allows for recreational features for public use while the Public/Quasi Public designated area allows for government-owned facilities or schools
Category Zoning Requirement
Minimum Setbacks (Feet) 20 (front) 15 (street side)
Maximum Building Height 30 / 45
Maximum Floor Area Ratio 0.2 / 0.5
The City plans to continue to use the subject property as a park site and rezoning is not anticipated. 99 Tax/Assessments 36
Bryte Park / Washington Unified School District Land
The value concluded for the land herein assumes the land would be available for an alternative nonpublic economic highest and best use, which is development of single-family detached homes at a similar density to nearby development. Single-family development proximate to the subject is zoned R1-A, which allows for residential densities in the range of 1.1 to 6.0 units per gross acre. The following table summarizes applicable zoning requirements for the R1-A zone.

Other Land Use Regulations
Development of the subject property would be subject to the California Environmental Quality Act (CEQA) and the entitlement process would involve typical environmental impact analysis.

The City and school district have a joint use agreement which covers use and improvement of the park area, among other properties. In conformance with the definition of Market Value (“open competitive market”), the appraisal is based upon a hypothetical condition that the property is not part of the joint use agreement, and that the school district would have the ability to sell the land to an entity other than the City.

Zoning Summary
Zoning Jurisdiction City of West Sacramento
Zoning Designation R1-A
Description: Residential - One Family
Legally Conforming? Would appear to be legally conforming Permitted Uses: Single-family residential development
Category Zoning Requirement
Minimum Lot Area 5,000 SF
Minimum Lot Width (Feet) 50
Minimum Setbacks (Feet) 20
Maximum Building Height 30 feet
Maximum Site Coverage 50%
Maximum Density 6 units/acre
100
Larger Parcel 37
Bryte Park / Washington Unified School District Land
Highest and Best Use
Larger Parcel
As part of our analysis, we must make a determination of the larger parcel, which is defined as:

That tract, or tracts, of land which possess a unity of ownership, and have the same, or an integrated highest and best use. Elements of consideration in making a determination in this regard are contiguity, or proximity, as it bears on the highest and best use of the property, unity of ownership, and unity of highest and best use3
.

The City of West Sacramento intends to acquire approximately 24.62 acres of a 44.7-acre parcel (portion of 014-580-002) located at 425 Todhunter Ave., West Sacramento, California. A partial acquisition of this nature would typically require a Before and After valuation. However, the proposed acquisition area comprises a public park site while the rest of the property is used by the owner (Washington Unified School District) as a school site. When a portion of a parcel constitutes a separate use, i.e. lacks a unity of use with the rest of the parcel, it should necessarily be concluded to be a separate Larger Parcel. This situation is discussed in Real Property Valuation in Condemnation (Appraisal Institute, 2018, p. 60) as well as Real Estate Valuation in Litigation by J. D. Eaton, MAI, SRA (Appraisal Institute, p. 89), both of which conclude that in this situation a smaller portion of a larger Assessor’s parcel may constitute a separate Larger Parcel.

The individual proposed 24.62-acre acquisition area has a unity of ownership and adjacency with the school site but does not have an integrated highest and best use. Therefore the individual proposed

24.62-acre acquisition area is concluded to be the appropriate Larger Parcel for analysis.

As the 24.62-acre proposed acquisition area represents a separate Larger Parcel, a Before and After valuation is not necessary as there would be no remainder parcel in the After condition.

As a condition of the assignment, the Larger Parcel to be appraised is exclusively the proposed acquisition area.

The highest and best use of a property is the reasonably probable use resulting in the highest value, and represents the use of an asset that maximizes its productivity.

Process
Before a property can be valued, an opinion of highest and best use must be developed for the subject site, both as though vacant, and as improved or proposed. By definition, the highest and best use must be:
 Legally permissible under the zoning regulations and other restrictions that apply to the site. 3 Source: Interagency Land Acquisition Conference (U.S.). 2016. Uniform Appraisal Standards for Federal Land Acquisitions. Washington D.C.: The Appraisal Foundation in cooperation with the U.S. Govt. 2.3.3.1.2. 101
Larger Parcel 38
Bryte Park / Washington Unified School District Land
 Physically possible.
 Financially feasible.
 Maximally productive, i.e., capable of producing the highest value from among the permissible, possible, and financially feasible uses.

As Vacant
Legally Permissible
The site is zoned RP / PQP, Recreation and Parks / Public/Quasi Public. Permitted uses include recreation and Parks designated area allows for recreational features for public use while the Public/Quasi Public designated area allows for government-owned facilities or schools. The City and school district have a joint use agreement which covers use and improvement of the park area, among other properties.

Due to the subject property’s existing park use, public use zoning, and ownership by a public school district, as a condition of the assignment the value concluded for the land herein assumes the land would be available for an alternative non-public economic highest and best use. Therefore, identifying a legally permissible use of the subject property under the RP / PQP zoning is not applicable.

The most proximate economic use is residential development. The alternative non-public economic highest and best use of the subject property is development of single-family detached homes at a similar density to nearby development. Single-family development proximate to the subject is zoned R1-A, which allows for residential densities in the range of 1.1 to 6.0 units per gross acre (minimum 5,000 square foot lot size).

In conformance with the definition of Market Value (“open competitive market”), the appraisal is based upon a hypothetical condition that the property is not part of the joint use agreement, and that the school district would have the ability to sell the land to an entity other than the City.

Physically Possible
The physical characteristics of the site do not appear to impose any unusual restrictions on development. Overall, the physical characteristics of the site and the availability of utilities result in functional utility suitable for a variety of uses.

Financially Feasible
Based on our analysis of the market, there is continued demand for residential homes within the area.

Based upon recent sales of land for residential use, residential development with a density similar to nearby homes would appear to be financially feasible.

Maximally Productive
There does not appear to be any reasonably probable use of the site that would generate a higher residual land value than residential development. Accordingly, residential development is the maximally productive use of the property.
102
Larger Parcel 39
Bryte Park / Washington Unified School District Land
Conclusion
The highest economic use of the subject property as vacant is development of single-family detached homes at a similar density to nearby development.

As Improved
The subject site is used as an existing park and is improved with buildings and equipment for the park use. The City does not own the underlying land and the appraisal therefore is concerned only with the value of the land. The highest and best use as improved is not applicable.

Most Probable Buyer
Taking into account the size and characteristics of the property, while under the highest and best use the likely buyer would be the City, considering the alternative highest economic use of the property, the likely buyer is a developer.
103
Valuation Methodology 40
Bryte Park / Washington Unified School District Land
Valuation
Valuation Methodology
Appraisers usually consider three approaches to estimating the market value of real property. These are the cost approach, sales comparison approach and the income capitalization approach.

The cost approach assumes that the informed purchaser would pay no more than the cost of producing a substitute property with the same utility. This approach is particularly applicable when the improvements being appraised are relatively new and represent the highest and best use of the land or when the property has unique or specialized improvements for which there is little or no sales data from comparable properties.

The sales comparison approach assumes that an informed purchaser would pay no more for a property than the cost of acquiring another existing property with the same utility. This approach is especially appropriate when an active market provides sufficient reliable data. The sales comparison approach is less reliable in an inactive market or when estimating the value of properties for which no directly comparable sales data is available. The sales comparison approach is often relied upon for owner-user properties and vacant land.

The income capitalization approach reflects the market’s perception of a relationship between a property’s potential income and its market value. This approach converts the anticipated net income from ownership of a property into a value indication through capitalization. The primary methods are direct capitalization and discounted cash flow analysis, with one or both methods applied, as appropriate. This approach is widely used in appraising income-producing properties.

Reconciliation of the various indications into a conclusion of value is based on an evaluation of the quantity and quality of available data in each approach and the applicability of each approach to the property type.

The methodology employed in this assignment is summarized as follows:

Approaches to Value
Approach Applicability to Subject Use in Assignment
Cost Approach Not Applicable Not Utilized
Sales Comparison Approach Applicable Utilized
Income Capitalization Approach Not Applicable Not Utilized 104
Sales Comparison Approach 41
Bryte Park / Washington Unified School District Land
Sales Comparison Approach
Land Valuation
To develop an opinion of the subject’s land value, as though vacant and available to be developed to its alternative highest economic use, the sales comparison approach is used. This approach develops an indication of value by researching, verifying, and analyzing sales of similar properties. The research focused on transactions within the following parameters:
 Location: West Sacramento and similar market areas
 Use: Vacant land available for residential development  Transaction Date: Within the prior 24 months
The sales analyzed were concluded to be the best indicators of value we were able to confirm.

For this analysis, price per acre is used as the appropriate unit of comparison because market participants typically compare sale prices and property values for unentitled land, similar to the subject’s condition, on this basis. The most relevant sales are summarized in the following table:
105
Land Valuation 42
Bryte Park / Washington Unified School District Land
Summary of Comparable Land Sales
No. Name/Address
Sale Date;
Status Sale Price
SF;
Acres Zoning $/Acre
1 Morvai South Apr-25 $12,002,000 1,589,940 RD-5 $328,822 Hollandaise Way Closed 36.50
Sacramento
Sacramento County
2 Waterman & Gerber Rd. Jan-25 $7,130,000 755,330 RD-5 $411,188 Sacramento Closed 17.34
Sacramento County
3 5725 Tegan Rd. Jun-24 $2,028,000 363,944 RD-5 $242,729 Elk Grove Closed 8.36
Sacramento County
4 Florin Vineyards I & II Apr-24 $17,300,000 3,409,441 RD-5 and -7 $221,030 S. Watt Ave. Closed 78.27
Sacramento
Sacramento County
5 Wildhawk - Unit 11 Feb-24 $4,987,052 622,908 RD-5 $348,745 Mesa Verde Way Closed 14.30
Sacramento
Sacramento County
6 9132 Gerber Rd. Oct-23 $4,995,000 1,659,200 AR-10 $131,137 Sacramento Closed 38.09
Sacramento County
Subject 1,072,447 RP / PQP
425 Todhunter Ave. 24.62
West Sacramento, CA
Comments: This is a sale of two properties that were purchased by a landbank from two parties, which went under contract within a week of each other. The landbank had a contract with Beazer Homes to develop and build out the residential lots.

The sales consist of 172 paper lots with a typical lot size of 5,300 square feet.

Comments: This is a sale of 92 paper lots with a typical lot size of 5,775 square feet.

Comments: The property was on the market for three years and closed to a local builder. The two sellers allocated the sale price as follows: Mark Priest $202,800 and Hensley Family Trust $1,825,200. The two sellers retained their existing homes on lots within the mapped project. Given the subject’s in-fill location, number of units, power lines running across the property, and the sellers retaining their existing homes at the project, national and regional builders passed on the property.

Comments: This is a sale of 285 tentatively mapped lots with a typical lot size of 5,169 square feet.

Comments: This is a sale of 72 paper lots with a typical lot size of 5,500 square feet. The sale price was $5,365,000, but the buyer was credited $377,948 in escrow against environmental mitigation measures in connection with the development of the project.

Comments: This is the sale of 38.09 acres for future development of single family homes within the Sacramento FlorinVineyard Plan. The land use designation is RD 3-5 which allows for a density of 3 to 5 units per acre. The plan utilizes an average or assumed density of 4.5.

106
Land Valuation 43
Bryte Park / Washington Unified School District Land
Adjustment Factors
The sales are compared to the subject and adjusted to account for material differences that affect value. Adjustments are based on a rating of each comparable sale in relation to the subject. If a comparable is superior to the subject, a downward adjustment is applied to reflect the subject’s relative attributes. Conversely, if a comparable is inferior to the subject, an upward adjustment is applied. The terms Superior or Inferior are utilized and are specific to the direction of adjustment applied but not intended to represent an equal weighting across adjustment factors or imply magnitude of adjustment. Adjustments are considered for the following factors, in the sequence shown below.

Adjustment Factor Accounts For Comments
Real Property Rights Fee simple, leased fee, leasehold, partial interest, etc.

No adjustments required.

Financing Terms Seller financing, or assumption of
existing financing, at non-market
terms.

To the best of our knowledge the
transactions were cash or market
financing and no adjustments for
financing terms are required.

Conditions of Sale Extraordinary motivation of buyer
or seller, assemblage, forced sale.

The comparables represent market
transactions and no adjustments are
required for conditions of sale.

Market Conditions Changes in the economic
environment over time that affect
the appreciation and depreciation
of real estate.

The date of value is August 25,
2025. The sales transferred
between October 2023 and April
2025. Prices for residential land
have fluctuated over this period.

Prices were increasing in the late
2024 and the beginning of 2025, but
a slower sales pace of new homes
has led to a slight reduction more
recently. Comparables 2 and 3
transferred during slightly superior
market conditions and are adjusted
downward. No adjustment for
market conditions is warranted for
the remaining comparables.

Location Market or submarket area
influences on sale price;
surrounding land use influences.

Comparables 1, 2, 4, 5, and 6 are
adjusted upward for inferior
locational characteristics.

Comparable 3 offers generally
similar locational characteristics
compared to the subject and does
107
Land Valuation 44
Bryte Park / Washington Unified School District Land
Adjustment Factor Accounts For Comments
not require adjustment for this
characteristic.

Size / Number of
Units
Inverse relationship that often
exists between parcel size or
number of units and unit value.

The subject property has an area of

24.62 total acres and at a maximum
density of 6.0 units per acre would
allow for up to 150 units.

Comparable 4 is significantly larger
than the subject and was planned
for more than 250 units, warranting
an upward adjustment. The
remaining comparables exhibit
different sizes and number of units
compared to the subject though no
additional adjustment for this
characteristic is warranted.

Typical Lot Size /
Density
Relationship that often exists
between typical lot size or project
density and sale price achieved.

Each of the comparables offers a
typical lot size or density similar to
what would be anticipated for the
subject property and no
adjustments for this characteristic
are necessary.

Site Utility Shape, topography, and other
characteristics such as paving and
fencing may enhance or detract
from a property’s utility and
desirability.

The subject property offers average
utility overall. Comparable 3
incorporated two existing homes in
the project and was crossed by
power lines, warranting an upward
adjustment for inferior site utility.

No additional adjustments are
warranted for this characteristic.

Economic
Characteristics
Existing lease terms or other
economic factors that may
influence a purchase price.

No adjustments are necessary for
this characteristic.

Zoning A property’s allowed uses or
limitations on uses can directly
impact its desirability and value.

The subject is valued under its
highest economic use (residential
development). No adjustments are
necessary for this characteristic.

Non-Realty
Components of Value
When included in a transaction,
personal property, business value
Comparables 1 through 5 sold with
entitlements (approved tentative
108
Land Valuation 45
Bryte Park / Washington Unified School District Land
Adjustment Factor Accounts For Comments
and other intangibles can influence
an ultimate sale price.
map) in place and are adjusted
downward to account for the
contributory value of entitlements
in the transaction.

The table on the following page summarizes the adjustments applied to the comparable sales.

109
Land Valuation 46
Bryte Park / Washington Unified School District Land
Adjustments Summary
Land Sales Adjustment Grid
Subject Comparable 1 Comparable 2 Comparable 3 Comparable 4 Comparable 5 Comparable 6 Address 425 Todhunter Ave. Hollandaise Way Waterman &
Gerber Rd.
5725 Tegan Rd. S. Watt Ave. Mesa Verde Way 9132 Gerber Rd.

City West Sacramento Sacramento Sacramento Elk Grove Sacramento Sacramento Sacramento County Yolo Sacramento Sacramento Sacramento Sacramento Sacramento Sacramento Sale Date Apr-25 Jan-25 Jun-24 Apr-24 Feb-24 Oct-23
Sale Status Closed Closed Closed Closed Closed Closed
Sale Price $12,002,000 $7,130,000 $2,028,000 $17,300,000 $4,987,052 $4,995,000 Acres 24.62 36.50 17.34 8.36 78.27 14.30 38.09
Typical Lot Size 4,000 to 7,000 5,300 5,775 5,850 5,169 5,500 N/Av.

Number of Units -- 172 92 39 285 72 171 (estimated)
Density (Units/Acre) Up to 6.0 4.7 5.3 4.7 3.6 5.0 4.5
Price per Acre $328,822 $411,188 $242,729 $221,030 $348,745 $131,137 Property Rights Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Ranking ––––––
Financing Terms Cash to seller Cash to seller Cash to seller Cash to seller Cash to seller Cash to seller Ranking ––––––
Conditions of Sale Arm's-length Arm's-length Arm's-length Arm's-length Arm's-length Arm's-length Ranking ––––––
Market Conditions 8/25/2025 Apr-25 Jan-25 Jun-24 Apr-24 Feb-24 Oct-23 Ranking –Superior Superior– – –
Location Inferior Inferior – Inferior Inferior Inferior Size / Number of Units –––Inferior– –
Typical Lot Size / Density ––––––
Site Utility ––Inferior– – –
Economic Characteristics ––––––
Zoning ––––––
Non-Realty Components of Value Superior Superior Superior Superior Superior – Overall Ranking Superior Superior Superior Similar Superior Inferior Indicated Value $220,000
Land Value Conclusion
The market data set consists of land sales that are considered to be reasonable indicators of market value for the subject land. Adjustments were required to the sales for differing characteristics. The comparable sales reflect a price range of $131,137 - $411,188 per acre, with an average of $280,608 per acre. Overall, the comparable sales are deemed reliable and applicable to produce a credible estimate of the land value for the property. The following table arrays the indicators from the Sales Comparison Approach along with the subject.

Sales Ranking
Comparable Ranking Indicator
2 Superior $411,188
5 Superior $348,745
1 Superior $328,822
3 Superior $242,729
4 Similar $221,030
Subject Property
6 Inferior $131,137
Comparable 6 is a sale of unentitled land for future residential development. The location is inferior to the subject’s infill site. Comparable 4 is located in an inferior area but overall is generally similar to the subject. Comparable 3 was entitled at the time of sale but due to inferior site utility most builders 110
Land Valuation 47
Bryte Park / Washington Unified School District Land
were not interested in the project. This comparable is overall slightly superior to the subject. The balance of the data set represents overall superior comparables.

Comparable 1 comprised two transactions believed to be negotiated by the buyer at the same time; however, considering the two separate sellers, less reliance is warranted on the indicator in the conclusion. The remaining indicators warrant reliance in the conclusion. Given the subject property’s lack of entitlements while most of the comparables had an approved tentative map at the time of sale, a conclusion for the subject below the midpoint of the data would be anticipated. In general, a market value estimate for the subject’s larger parcel close to the indicator provided by Comparable 4 of $221,030 is reasonable. Considering the characteristics of the subject property and indicators within the data set, a land value indicator of $220,000 per acre is concluded for the subject property which will be used in estimating the market value of the subject via the sales comparison approach.

Based on the preceding analysis, we reach a land value conclusion as follows:

Land Value Conclusion
Indicated Value per Acre $220,000
Subject Acres 24.62
Indicated Value $5,416,400
Rounded $5,420,000
111
Reconciliation and Conclusion of Value 48
Bryte Park / Washington Unified School District Land
Reconciliation and Conclusion of Value
Reconciliation involves the weighting of alternative value indications, based on the judged reliability and applicability of each approach to value, to arrive at a final value conclusion. Reconciliation is additionally used within a single approach to value to consider the strengths and weaknesses of the analysis. The values indicated by our analyses are as follows:

Summary of Value Indications
Cost Approach Not Used
Sales Comparison Approach $5,420,000
Income Capitalization Approach Not Used
Reconciled $5,420,000
Cost Approach
The cost approach is most reliable for newer properties that have no significant amount of accrued depreciation. As previously discussed, the Cost Approach is judged to be inapplicable and is not utilized.

Income Capitalization Approach
The income capitalization approach is usually given greatest weight when evaluating investment properties. The income approach was not utilized as the subject’s land is not likely to generate rental income commensurate with its value in its current state.

Sales Comparison Approach
The sales comparison approach is most reliable in an active market when an adequate quantity and quality of comparable sales data are available. There is a reasonably active market for comparable properties, and this approach most closely reflects buyer behavior. Unfortunately, none of the comparables were located within West Sacramento and most of the comparables were entitled at the time of sale. Nonetheless, the sales represent typical transactions of land for residential development in the subject’s area. Overall, the sales comparison approach is considered to be the applicable and credible approach for arriving at the value conclusion.

Final Opinion of Value
Based on the preceding valuation analysis and subject to the definitions, assumptions, and limiting conditions expressed in the report, our opinion of value is as follows:

Value Conclusion
Value Type Interest Appraised Date of Value Value Conclusion Market Value Fee Simple August 25, 2025 $5,420,000
As the 24.62-acre proposed acquisition area represents a separate Larger Parcel, a Before and After valuation is not necessary as there would be no remainder parcel in the After condition. 112
Reconciliation and Conclusion of Value 49
Bryte Park / Washington Unified School District Land
Extraordinary Assumptions and Hypothetical Conditions

1. The scope of work considers that the client may seek federal funding. As such, the appraisal has been prepared under the assumption that the requirements of the UASFLA "Yellow Book" apply to this assignment.

2. The City and school district have entered into a joint use agreement reportedly under the context that the school district would ultimately be paid market value for the land.

1. As of the effective date of value, the City of West Sacramento is considering the described acquisition for a park land acquisition project (the "Project"). The fair market value of the part acquired ("before" value) is premised on the basis of the subject property's condition without regard to the proposed acquisition and under the presumption that the Project does not exist.

2. The City and school district have a joint use agreement which covers use and improvement of the park area, among other properties. In conformance with the definition of Market Value (“open competitive market”), the appraisal is based upon a hypothetical condition that the property is not part of the joint use agreement, and that the school district would have the ability to sell the land to an entity other than the City.

The use of any extraordinary assumption or hypothetical condition may have affected the assignment results.

The value conclusions are based on the following hypothetical conditions. A hypothetical condition is a condition, directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis.

The value conclusions are subject to the following extraordinary assumptions. An extraordinary assumption is an assignment-specific assumption as of the effective date regarding uncertain information used in an analysis which, if found to be false, could alter the appraiser’s opinions or conclusions.

Exposure Time
Exposure time is the length of time the subject property would have been exposed for sale in the market had it sold on the effective valuation date at the concluded market value. Exposure time is always presumed to precede the effective date of the appraisal.

USPAP Standards Rule 1-2(c)(iv) requires an appraiser to develop an opinion of reasonable exposure time when exposure time is a component of the definition for the value opinion being developed; however, UASFLA 4.2.1.2 notes that appraisers should not link opinions of market value for federal acquisitions to a specific exposure time. The Jurisdictional Exception Rule is therefore applied to comply with UASFLA 4.2.1.2 and no opinion of exposure time was developed. 113
Addenda
Bryte Park / Washington Unified School District Land
Addendum A
Subject Maps
114
Addenda
Bryte Park / Washington Unified School District Land
Aerial Photograph
Source: Google Earth (Approximate boundaries drawn by appraiser)

115
Addenda
Bryte Park / Washington Unified School District Land
Plat Map

116
Addenda
Bryte Park / Washington Unified School District Land
Flood Hazard Map

117
Addenda
Bryte Park / Washington Unified School District Land
Seismic / Liquefaction Hazard Map
Source: California Geological Survey

118
Addenda
Bryte Park / Washington Unified School District Land
Zoning Map
119
Addenda
Bryte Park / Washington Unified School District Land
Addendum B
Comparable Sales Map
120
Addenda
Bryte Park / Washington Unified School District Land
Comparable Land Sales Map
N
121
Addenda
Bryte Park / Washington Unified School District Land
Addendum C
Comparable Sales Data Sheets
122
Land Sale Profile Sale No. 1
Location & Property Identification
Property Name: Morvai South
Sub-Property Type: Residential, Single Family
Development Land
Address: Hollandaise Way
City/State/Zip: Sacramento, CA 95829
County: Sacramento
Market Orientation: Suburban
IRR Event ID: 3373488
Sale Information
Sale Price: $12,002,000
Effective Sale Price: $12,002,000
Recording Date: 04/18 & 4/28/2025
Contract Date: 01/08/2025
Sale Status: Closed
$/Acre(Gross): $328,822
$/Land SF(Gross): $7.55
Grantor/Seller: T&T Investment LLC & Mariam
Estates LLC
Grantee/Buyer: MRP California LLC
Assets Sold: Real estate only
Property Rights: Fee Simple
% of Interest Conveyed: 100.00
Financing: Cash to seller
Conditions of Sale: Arm's-length
Document Type: Deed
Recording No.: 202504180356 &
202504180357
Verified By: Blake Fassler
Verification Date: 06/16/2025
Confirmation Source: Doug Dieter
Verification Type: Confirmed-Buyer
Improvement and Site Data
Legal/Tax/Parcel ID: 066-0070-049 and -050
Acres(Gross): 36.50
Land-SF(Gross): 1,589,940
Typical Lot Size: 5,300
No. of Units: 172
Zoning Code: RD-5
Zoning Desc.: Residential
Source of Land Info.: Public Records
Comments
This is a sale of two properties that were purchased by a landbank from two parties, which went under contract within a week of each other. The landbank had a contract with Beazer Homes to develop and build out the residential lots. The sales consist of 172 paper lots with a typical lot size of 5,300 square feet. The property was used as a rural residential home site at the time of sale but the highest and best use was residential development.

Morvai South 123
Land Sale Profile Sale No. 2
Location & Property Identification
Property Name: Waterman & Gerber Road
Sub-Property Type: Residential, Single Family
Development Land
Address: Waterman Rd.

City/State/Zip: Sacramento, CA 95829
County: Sacramento
Market Orientation: Suburban
IRR Event ID: 3373492
Sale Information
Sale Price: $7,130,000
Effective Sale Price: $7,130,000
Sale Date: 01/06/2025
Contract Date: 10/08/2024
Sale Status: Closed
$/Acre(Gross): $411,188
$/Land SF(Gross): $9.44
Grantor/Seller: Waterman At Gerber 39 LLC
Grantee/Buyer: Meritage Homes Of California
Inc
Assets Sold: Real estate only
Property Rights: Fee Simple
% of Interest Conveyed: 100.00
Financing: Cash to seller
Conditions of Sale: Arm's-length
Document Type: Deed
Recording No.: 20250106.471
Verified By: Blake Fassler
Verification Date: 06/16/2025
Confirmation Source: Jack Yoder
Verification Type: Confirmed-Buyer
Improvement and Site Data
Legal/Tax/Parcel ID: 065-0260-017 and -018
Acres(Gross): 17.34
Land-SF(Gross): 755,330
Typical Lot Size: 5,775
No. of Units: 92
Zoning Code: RD-5
Zoning Desc.: Residential
Source of Land Info.: Public Records
Comments
This is a sale of 92 paper lots with a typical lot size of 5,775 square feet. The property was unimproved agricultural land at the time of sale with a highest and best use of residential development.

Waterman & Gerber Road 124
Land Sale Profile Sale No. 3
Location & Property Identification
Property Name: 5725 Tegan Road
Sub-Property Type: Residential, Single Family
Development Land
Address: 5725 Tegan Rd.

City/State/Zip: Elk Grove, CA 95758
County: Sacramento
Market Orientation: Suburban
IRR Event ID: 3225699
Sale Information
Sale Price: $2,028,000
Effective Sale Price: $2,028,000
Sale Date: 06/01/2024
Recording Date: 06/24/2024
Contract Date: 02/01/2024
Sale Status: Closed
$/Acre(Gross): $242,729
$/Land SF(Gross): $5.57
$/Unit (Potential):

Grantor/Seller: Hensley Family Trust and Mark
F Priest
Grantee/Buyer: Riverland Homes
Assets Sold: Real estate only
Property Rights: Fee Simple
% of Interest Conveyed: 100.00
Financing: Cash to seller
Conditions of Sale: Arm's-length
Document Type: Deed
Recording No.: 202406260587
Verified By: Blake Fassler
Verification Date: 04/23/2024
Confirmation Source: Doug Bayless
Verification Type: Confirmed-Seller Broker
Improvement and Site Data
MSA: Sacramento--Roseville--ArdenArcade, CA
119-0151-031, 119-0151-032
and 119-0151-033
Legal/Tax/Parcel ID:

Acres(Gross): 8.36
Land-SF(Gross): 363,944
Typical Lot Size: 5,850
No. of Units: 39
Shape: Irregular
Topography: Level
Corner Lot: No
Frontage Desc.: Tegan Road
Zoning Code: RD-5
Zoning Desc.: Residential Low Density
Source of Land Info.: Public Records
5725 Tegan Road 125
Land Sale Profile Sale No. 3
Comments
The property was on the market for three years and closed to a local builder. The two sellers allocated the sale price as follows: Mark Priest $202,800 and Hensley Family Trust
$1,825,200. The two sellers retain their existing homes, which are located on Lots 6 and 11. Given the subject’s in-fill location, number of units, power lines running across the property, and the seller’s retaining their existing homes at the project, national and regional builders passed on the property.

The property was used as two home sites but had a highest and best use as residential development.
5725 Tegan Road 126
Land Sale Profile Sale No. 4
Location & Property Identification
Property Name: Florin Vineyards I & II
Sub-Property Type: Residential, Single Family
Development Land
Address: S. Watt Ave.

City/State/Zip: Sacramento, CA 95828
County: Sacramento
Market Orientation: Suburban
IRR Event ID: 3236292
Sale Information
Sale Price: $17,300,000
Effective Sale Price: $17,300,000
Sale Date: 04/19/2024
Sale Status: Closed
$/Acre(Gross): $221,030
$/Land SF(Gross): $5.07
Grantor/Seller: Florin Vineyards 273 LLC
Grantee/Buyer: Taylor Morrison / California
LLC
Assets Sold: Real estate only
Property Rights: Fee Simple
% of Interest Conveyed: 100.00
Financing: Cash to seller
Conditions of Sale: Arm's-length
Document Type: Deed
Recording No.: 20240419.398
Verified By: Blake Fassler
Verification Date: 05/21/2024
Confirmation Source: Scott Trickle
Verification Type: Confirmed-Seller Broker
Improvement and Site Data
064-0072-024, 064-0072-040,
064-0072-043, 064-0071-045
Legal/Tax/Parcel ID:

Acres(Gross): 78.27
Land-SF(Gross): 3,409,441
Typical Lot Size: 5,169
No. of Units: 285
Zoning Code: RD-5 and -7
Zoning Desc.: Residential
Source of Land Info.: Broker
Comments
This is a sale of 285 tentatively mapped lots with a typical lot size of 5,169 square feet. The property had a limited
agricultural and rural residential use use at the time of sale but the highest and best use was residential development.

Florin Vineyards I & II 127
Land Sale Profile Sale No. 5
Location & Property Identification
Property Name: Wildhawk - Unit 11
Sub-Property Type: Residential, Single Family
Development Land
Address: Mesa Verde Way
City/State/Zip: Sacramento, CA 95829
County: Sacramento
Market Orientation: Suburban
IRR Event ID: 3373253
Sale Information
Sale Price: $4,987,052
Effective Sale Price: $4,987,052
Sale Date: 02/26/2024
Sale Status: Closed
$/Acre(Gross): $348,745
$/Land SF(Gross): $8.01
Grantor/Seller: Bruce L Speckert 1993 Trust et
al.

Grantee/Buyer: Taylor Morrison of California
LLC
Assets Sold: Real estate only
Property Rights: Fee Simple
% of Interest Conveyed: 100.00
Financing: Cash to seller
Conditions of Sale: Arm's-length
Document Type: Deed
Recording No.: 20240226.707
Verified By: Blake Fassler
Verification Date: 06/16/2025
Confirmation Source: Dave Kalemba
Verification Type: Confirmed-Buyer
Improvement and Site Data
Legal/Tax/Parcel ID: 122-0020-009
Acres(Gross): 14.30
Land-SF(Gross): 622,908
Typical Lot Size: 5,500
No. of Units: 72
Zoning Code: RD-5
Zoning Desc.: Residential
Source of Land Info.: Public Records
Comments
This is a sale of 72 tentatively mapped lots with a typical lot size of 5,500 square feet. The sale price was $5,365,000, but the buyer was credited $377,948 in escrow against
environmental mitigation measures in connection with the development of the project. The property was vacant land with limited agricultural use at the time of sale but the highest and best use was residential development.

Wildhawk - Unit 11 128
Land Sale Profile Sale No. 6
Location & Property Identification
Property Name: 9132 Gerber Rd.

Sub-Property Type: Residential, Single Family
Development Land
Address: 9132 Gerber Rd.

City/State/Zip: Sacramento, CA 95829
County: Sacramento
Market Orientation: Suburban
IRR Event ID: 1995334
Sale Information
Sale Price: $4,995,000
Effective Sale Price: $4,995,000
Sale Date: 10/31/2023
Sale Status: Closed
$/Acre(Gross): $131,137
$/Land SF(Gross): $3.01
Grantor/Seller: Eugene K. and Elizabeth N.

Miyamaoto TTEs
Grantee/Buyer: CDB Gerber LLC & KRM
Investors LLC
Property Rights: Fee Simple
Exposure Time: 16 (months)
Financing: Cash to seller
Conditions of Sale: Arm's-length
Document Type: Deed
Recording No.: 20231031.738
Verified By: Noah Kauffman, MAI, R/W-AC
Verification Date: 06/15/2024
Confirmation Source: Cheng Chi Lee / Re/Max Gold
Fair Oaks
Verification Type: Confirmed-Buyer Broker
Improvement and Site Data
Legal/Tax/Parcel ID: 121-0010-007
Acres(Gross): 38.09
Land-SF(Gross): 1,659,200
Zoning Code: AR-10
Zoning Desc.: Agricultural Residential
Source of Land Info.: Public Records
Comments
This is the sale of 38.09 acres for future development of single family homes within the Sacramento Florin-Vineyard Plan. The property had a limited agricultural use at the time of sale but the highest and best use was for future residential
development.
9132 Gerber Rd. 129
Addenda
Bryte Park / Washington Unified School District Land
Addendum D
Comparable Sales Images
130
Sale 1 – Hollandaise Way
131
Photo taken 10/9/2025 by Noah Kauffman
132
Sale 2 – Waterman Rd.
133
Photo taken 10/9/2025 by Noah Kauffman
134
Sale 3 – 5725 Tegan Rd.
135
Photo taken 10/9/2025 by Noah Kauffman
136
Sale 4 - S. Watt Ave.
137
Photo taken 10/9/2025 by Noah Kauffman
138
Sale 5 – Mesa Verde Way
139
Photo taken 10/9/2025 by Noah Kauffman
140
Sale 6 – 9132 Gerber Rd.
141
Photo taken 10/9/2025 by Noah Kauffman
142
Addenda
Bryte Park / Washington Unified School District Land
Addendum E
Subject Property Plot Plan / Survey
143

CARRIE STREET CARRIE STREET RIVERBANK ROAD
LEGEND

RIGHT-OF-WAY/LOT LINE

REMAINDER LOT

PROPSED LOT LINE

FENCE LINE

EASEMENT LINE

BUILDING LINE

BLDG BUILDING

BFP BACK FLOW PREVENTER

CONC CONCRETE

DI DRAIN INLET

MON FOUND STANDARD MONUMENT

AS NOTED

LP LIGHT POLE

TRANS TRANSFORMER

WM WATER METER
COPYRIGHT © BKF ENGINEERS 2025 1 BRYTE PARK SURVEY PROPOSED PARCEL 1 AND PARCEL 2 1100 CARRIE ST, WEST SACRAMENTO YOLO COUNTY 09/19/2025 PRELIMINARY NOT FOR CONSTRUCTION DATE: BKF ENGINEERS 1646 N. CALIFORNIA BLVD. SUITE 400 WALNUT CREEK, CA 94596 (925) 940-2200 www.bkf.com Plot Sep 19, 2025 at 4:50pm 250956_Bryte_Park_BDY.dwg 1

SURVEY NOTES

1. FIELD SURVEY DATE: 08-28-2025.

2. BOUNDARY NOTE: LOT LINES & RIGHT-OF-WAY LINES WERE BASED ON RECORD MAPS IN COMBINATION WITH FOUND STANDARD STREET MONUMENTS. A FORMAL BOUNDARY SURVEY MAY REQUIRE THE BENEFIT OF A PRELIMINARY TITLE REPORT AND A MORE EXTENSIVE FIELD SURVEY.

3. HORIZONTAL CONTROL IS BASED ON THE CALIFORNIA STATE PLANE COORDINATE SYSTEM, ZONE 3, NAD83(2011) EPOCH 2024.75, DETERMINED BY UTILIZING GLOBAL NAVIGATIONAL SATELLITE SYSTEM (GNSS) SURVEY METHOD.

4. BACKGOUND IMAGE SHOWN FOR REFERENCE PURPOSES ONLY.

5. UNAUTHORIZED CHANGES & USES: THE PROFESSIONAL PREPARING THIS MAP WILL NOT BE RESPONSIBLE FOR, OR LIABLE FOR, UNAUTHORIZED CHANGES TO OR USES OF THIS MAP. CHANGES TO THIS MAP MUST BE REQUESTED IN WRITING AND MUST BE APPROVED BY THE PROFESSIONAL. 80 80
scale 0
1" = 80'
160
feet
144
Addenda
Bryte Park / Washington Unified School District Land
Addendum F
Plat & Legal Description
145
October 9, 2025
BKF No. 290956

EXHIBIT “A”
Legal Description
Real property in the City of West Sacramento, County of Yolo, State of California, described as follows:

Being a portion of that certain real property described in the Grant Deed recorded July 3, 1960, in Book 606 at

survey, filed for record on March 2, 1961, in Book 8 of Maps & Surveys, at Page 112, Yolo County Records, more particularly described as follows:

COMMENCING at the found 2-1/2” brass disc, stamped, “LS 2787”, in lieu of the 1-1/2" button head pipe at the northeasterly terminus of a line shown as North 72°23’15” East lying at the end of curvature of the boundary line lying along the centerline of Carrie Street as shown on said Record of Survey; thence along said line, South 72°23'15" West, 279.00 feet, thence North 17°36'45" West to the northerly right-of-way of Carrie Street to the POINT OF BEGINNING;
Thence leaving said right-of-way, North 17°20’41” East 563.09 feet; Thence, South 72°39’19” East 108.89 feet;
Thence, North 17°33’41” East 304.48 feet to the southerly right-of-way of Riverbank Road; Thence along said right-of-way, South 78°05’30” West 82.17 feet; Thence, South 83°11’30” West 565.53 feet;
Thence, South 69°08’45” West 434.89 feet;
Thence, South 71°50’45” West 137.42 feet to the northeasterly right-of-way of Todhunter Avenue; Thence along said right-of-way, South 18°08’45” East 955.38 feet to the northwesterly right-of-way of Carrie Street;
Thence along said right-of-way, North 72°23’15” East 1088.19 feet to the POINT OF BEGINNING.

Containing 24.620 acres, more or less.

As shown on EXHIBIT “B” attached hereto and made a part hereof. 146
EXHIBIT “A”

This description was prepared by me or under my direct supervision.

BKF Engineers
_________________________
Benjamin H. Santos
P.L.S. No. 9251
_________________________
Date
BASIS OF BEARINGS:

The bearing of North 18°08'45" West between the monuments along Todhunter Avenue as shown on that certain record of survey filed for record on March 2, 1961 in Book 8 of Maps at Page 112, Yolo County Records, was taken as the basis of bearings for this legal description. 10/09/2025
147
148
Addenda
Bryte Park / Washington Unified School District Land
Addendum G
Assignment Conditions
149
Items for Bryte Park Appraisal - Integra Realty Resources Please be aware of the following Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA) requirements:
• A legal description of the acquisition area must be provided for the appraisal.

Instructions (assignment conditions):

Client
Under the Uniform Appraisal Standards for Federal Land Acquisitions, the client for the appraisal is to be the federal agency involved. As of the report date the federal agency has not been identified by the City and the appraisal would require an instruction (assignment condition) that the Client is to be CMD West with the City as an additional intended user.

Highest and Best Use
The Uniform Appraisal Standards for Federal Land Acquisitions notes that the Supreme Court has repeatedly rejected attempts to measure just compensation by the cost of a substitute facility instead of the market value standard and, determining whether substitute-facility compensation would be appropriate for a given acquisition is beyond the scope of the appraiser’s task of developing an opinion of market value.

However, due to the property’s existing park use, public use zoning, and ownership by a public school district, the typical measure of market value for similar scenarios (school and park sites) is not the highest and best use under the existing zoning but an alternative non-public economic highest and best use. As a condition of the assignment the value concluded for the land herein assumes the land would be available for an alternative nonpublic economic highest and best use, which is development of single-family detached homes at a similar density to nearby development. This also conforms with the Public Park Preservation Act of 1971.

Larger Parcel
The acquisition area is a portion of a property owned by the school district. However, the acquisition does not impact the school and appraisal of the reminder (Before and After Rule) is unnecessary. The appraisal would necessitate an instruction (assignment condition) noting that the Larger Parcel to be appraised is exclusively the proposed acquisition area (inclusive of roadway as appropriate). 150
Subject Sale History
As the subject property is owned by the school district and is used for public purposes, prior sales of the subject property are not believed to provide the best evidence of its value.

The appraisal would necessitate an instruction (assignment condition) noting that prior sales of the subject property need not be verified or analyzed (Uniform Appraisal Standards for Federal Land Acquisitions sections 1.3.1.5 and 1.5.2.1).

Improvements
The purpose of the appraisal is to value the underlying land. The appraisal would necessitate an instruction (assignment condition) that collection and analysis of information pertaining to existing improvements (size, age, quality of construction, interior finish, condition etc.) is not relevant and would not be performed (1.3.1.2). In addition, photographs of the improvements are not relevant and not required (2.3.1.6).

Subject Rental History
Similar to the above, recent rental history is not believed to be relevant and an instruction (assignment condition) would be needed that details of rental history need not be collected or analyzed. (1.3.1.6)
Hypothetical Condition
The City and school district have a joint use agreement which covers use and improvement of the park area, among other properties. In conformance with the definition of Market Value (“open competitive market”), the appraisal is based upon a hypothetical condition that the property is not part of the joint use agreement, and that the school district would have the ability to sell the land to an entity other than the City.

City of West Sacramento
Real Property Manager
151
Addenda
Bryte Park / Washington Unified School District Land
Addendum H
Preliminary Title Report
152
CLTA Preliminary Report Form - Modified (11.17.06) Printed: 08.01.25 @ 03:13 PM by G SCA0002402.doc / Updated: 07.30.24 1 CA-FT-FSSE-01500.083804-SPS-1-25-FSSE-0102501156

PRELIMINARY REPORT
In response to the application for a policy of title insurance referenced herein, Fidelity National Title Company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a policy or policies of title insurance describing the land and the estate or interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an exception herein or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations or Conditions of said policy forms.

The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy or policies are set forth in Attachment One. The policy to be issued may contain an arbitration clause. When the Amount of Insurance is less than that set forth in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner's Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth in Attachment One. Copies of the policy forms should be read. They are available from the office which issued this report.

This report (and any supplements or amendments hereto) is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title insurance, a Binder or Commitment should be requested.

The policy(ies) of title insurance to be issued hereunder will be policy(ies) of Fidelity National Title Insurance Company, a Florida corporation.

Please read the exceptions shown or referred to herein and the exceptions and exclusions set forth in Attachment One of this report carefully. The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered.

It is important to note that this preliminary report is not a written representation as to the condition of title and may not list all liens, defects and encumbrances affecting title to the land.

Fidelity National Title Insurance Company
By:

Countersigned By:

Bryan Shank
Authorized Officer or Agent
Michael J. Nolan, President
Attest:

Marjorie Nemzura, Secretary
153
CLTA Preliminary Report Form - Modified (11.17.06) Printed: 08.01.25 @ 03:13 PM by G SCA0002402.doc / Updated: 07.30.24 2 CA-FT-FSSE-01500.083804-SPS-1-25-FSSE-0102501156 Visit Us on our Website: www.fntic.com
ISSUING OFFICE: 11320 Trade Center Drive, Ste C, Rancho Cordova, CA 95742 FOR SETTLEMENT INQUIRIES, CONTACT:

Fidelity National Title Company
8525 Madison Avenue, Suite 110  Fair Oaks, CA 95628
(916)646-6018  FAX (916)244-0941
Another Prompt Delivery From Fidelity National Title Company Title Department Where Local Experience And Expertise Make A Difference

PRELIMINARY REPORT
Title Officer: Shannon Dalton
Email: [email protected]
Title No.: FSSE-0102501156-SD
Escrow Officer: Audra Meyer
Email: [email protected]
Escrow No.: FSSE-0102501156 -AM
TO: City of West Sacramento
1110 West Capitol Ave, 1st Floor
West Sacramento, CA 95691
Attn: Fred Arnold
Your Ref No.: Bryte Park
PROPERTY ADDRESS(ES): APN: 014-580-002-000, West Sacramento, CA EFFECTIVE DATE: July 23, 2025 at 07:30 AM
The form of policy or policies of title insurance contemplated by this report is:

CLTA Standard Coverage Owner's Policy - 2022

1. THE ESTATE OR INTEREST IN THE LAND HEREINAFTER DESCRIBED OR REFERRED TO COVERED BY THIS REPORT IS:

A Fee

2. TITLE TO SAID ESTATE OR INTEREST AT THE DATE HEREOF IS VESTED IN:

Washington Unified School District of Yolo County

3. THE LAND REFERRED TO IN THIS REPORT IS DESCRIBED AS FOLLOWS:

SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF
154
EXHIBIT "A"
Legal Description
CLTA Preliminary Report Form - Modified (11.17.06) Printed: 08.01.25 @ 03:13 PM by G SCA0002402.doc / Updated: 07.30.24 3 CA-FT-FSSE-01500.083804-SPS-1-25-FSSE-0102501156 For APN/Parcel ID(s): 014-580-002-000

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF WEST SACRAMENTO, COUNTY OF YOLO, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS:

Beginning at a point on the Easterly line of Todhunter Avenue, where the same is intersected by the Easterly prolongation of the South property line of Carrie Street of Riverbank Extension No. 1, as same is shown on the Official Map thereof, filed in the Office of the Recorder of Yolo County, on January 6, 1913, in Book 2 of Maps, at

Avenue to a point on the North line of a proposed 60' wide street, thence at right angles North 71° 50' 45" East 176.00 feet along the North line of said 60 foot strip, thence North 69° 08' 45" East 440.87 feet, thence North 83° 11' 30" East 570.25 feet; thence North 78° 05' 30" East 668.48 feet, thence North 84° 00' 50" East 225.23 feet; thence South 0° 16' 00" West 961.50 feet, to a point on the center line of a proposed 60.00 foot street, thence North 89° 44' 00" West 45.47 feet, thence along a curve to the left, radius of 1000 feet, central angle 17° 52' 45", an arc distance of 312.05 feet, thence South 72° 23' 15" West, 416.89 feet, thence South 18° 08' 45" East, 30.00 feet, thence South 72° 23' 15" West 990.00 feet to the point of beginning. 155
Title No.: FSSE-0102501156-SD
CLTA Preliminary Report Form - Modified (11.17.06) Printed: 08.01.25 @ 03:13 PM by G SCA0002402.doc / Updated: 07.30.24 4 CA-FT-FSSE-01500.083804-SPS-1-25-FSSE-0102501156

AT THE DATE HEREOF, EXCEPTIONS TO COVERAGE IN ADDITION TO THE PRINTED EXCEPTIONS AND EXCLUSIONS IN SAID POLICY FORM WOULD BE AS FOLLOWS:

1. Property taxes, which are a lien not yet due and payable, including any assessments collected with taxes to be levied for the fiscal year 2025-2026.

2. There were no taxes levied for the fiscal year 2024-2025 as the property was vested in a public entity.

3. Prior to close of escrow, please contact the Tax Collector's Office to confirm all amounts owing, including current fiscal year taxes, supplemental taxes, escaped assessments and any delinquencies.

4. The lien of supplemental or escaped assessments of property taxes, if any, made pursuant to the provisions of Chapter 3.5 (commencing with Section 75) or Part 2, Chapter 3, Articles 3 and 4, respectively, of the Revenue and Taxation Code of the State of California as a result of the transfer of title to the vestee named in Schedule A or as a result of changes in ownership or new construction occurring prior to Date of Policy.

5. If your property is within the City of Woodland, the following will apply: Municipal refuse (garbage) charges, if any, contact Waste Management, (530) 662-3949, Utilities, contact: (530) 661-5831.

If your property is within the City of Winters, for utilities, if any, contact (530) 795-4910, Waste Management (530) 662-3949.

If your property is within the City of Davis, for utilities, if any, contact (530) 757-5651.

If your property is within the City of West Sacramento, for utilities, if any, contact (916) 617-4589.

Esparto Community Services District, call (530) 787-4502.

Knights Landing Services District, call (530) 735-6492.

Madison Service District, call (530) 666-8518.

6. Rights of the public as to any portion of the land lying within the area commonly known as any roads.

7. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:

Granted to: Pacific Gas and Electric Company, a Corporation Purpose: Pole line
Recording Date: September 4, 1923
Recording No.: Book 107, Page 3, of Deeds
The exact location and extent of said easement is not disclosed of record.

8. Matters as shown on that certain Record of Survey Map, filed for record March 2, 1961 in Book 8 of Record of Surveys, Page 118, Official Records.
156
Title No.: FSSE-0102501156-SD

EXCEPTIONS
(continued)
CLTA Preliminary Report Form - Modified (11.17.06) Printed: 08.01.25 @ 03:13 PM by G SCA0002402.doc / Updated: 07.30.24 5 CA-FT-FSSE-01500.083804-SPS-1-25-FSSE-0102501156

9. A lease with certain terms, covenants, conditions and provisions set forth therein.

Lessor: East Yolo Community Services District
Lessee: Washington Unified School District
Recording Date: May 14, 1979
Recording No.: Book 8413, Book 1366, Page 244, of Official Records The present ownership of the leasehold created by said lease and other matters affecting the interest of the lessee are not shown herein.

10. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:

Granted to: City of West Sacramento
Purpose: Public right-of-way
Recording Date: February 20, 2015
Recording No.: 2015-0003905, of Official Records
Affects; As described therein

11. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:

Granted to: West Sacramento Area Flood Control Agency
Purpose: As described therein
Recording Date: November 23, 2015
Recording No.: 2015-0032614, of Official Records
Affects; As described therein

12. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:

Granted to: West Sacramento Area Flood Control Agency
Purpose: As described therein
Recording Date: February 22, 2016
Recording No.: 2016-0004309, of Official Records
Affects; As described therein

13. Matters contained in that certain document
Entitled: Joint Use Agreement
Dated: May 10, 2022
Executed by: West Sacramento Area Flood Control Agency and Sacramento and San Joaquin Drainage District, acting by and through The Central Valley Flood Protection Board Recording Date: June 21, 2022
Recording No.: 2022-0014843, of Official Records
Reference is hereby made to said document for full particulars. 157
Title No.: FSSE-0102501156-SD

EXCEPTIONS
(continued)
CLTA Preliminary Report Form - Modified (11.17.06) Printed: 08.01.25 @ 03:13 PM by G SCA0002402.doc / Updated: 07.30.24 6 CA-FT-FSSE-01500.083804-SPS-1-25-FSSE-0102501156

14. Any rights of the parties in possession of a portion of, or all of, said Land, which rights are not disclosed by the public records.

The Company will require, for review, a full and complete copy of any unrecorded agreement, contract, license and/or lease, together with all supplements, assignments and amendments thereto, before issuing any policy of title insurance without excepting this item from coverage.

The Company reserves the right to except additional items and/or make additional requirements after reviewing said documents.

15. The transaction contemplated in connection with this Report is subject to the review and approval of the Company’s Corporate Underwriting Department. The Company reserves the right to add additional items or make further requirements after such review.

16. The Company will require that an Owner’s Affidavit be completed by the party(s) named below before the issuance of any policy of title insurance.

Party(ies): Washington Unified School District of Yolo County The Company reserves the right to add additional items or make further requirements after review of the requested Affidavit.

END OF EXCEPTIONS
158
Title No.: FSSE-0102501156-SD
CLTA Preliminary Report Form - Modified (11.17.06) Printed: 08.01.25 @ 03:13 PM by G SCA0002402.doc / Updated: 07.30.24 7 CA-FT-FSSE-01500.083804-SPS-1-25-FSSE-0102501156 NOTES
Note 1. Note: The Company is not aware of any matters which would cause it to decline to attach CLTA Endorsement Form 116 indicating that there is located on said Land a Commercial Property, known as APN: 014-580-002-000, West Sacramento, CA, to an Extended Coverage Loan Policy.

Note 2. Note: The name(s) of the proposed insured(s) furnished with this application for title insurance is/are:

No names were furnished with the application. Please provide the name(s) of the buyers as soon as possible.

Note 3. Note: There are NO conveyances affecting said Land recorded within 24 months of the date of this report.

Note 4. Note: The charge for a policy of title insurance, when issued through this title order, will be based on the Basic Title Insurance Rate.

Note 5. Note: If a county recorder, title insurance company, escrow company, real estate broker, real estate agent or association provides a copy of a declaration, governing document or deed to any person, California law requires that the document provided shall include a statement regarding any unlawful restrictions. Said statement is to be in at least 14-point bold face type and may be stamped on the first page of any document provided or included as a cover page attached to the requested document.

Should a party to this transaction request a copy of any document reported herein that fits this category, the statement is to be included in the manner described.

Note 6. Note: Any documents being executed in conjunction with this transaction must be signed in the presence of an authorized Company employee, an authorized employee of a Company agent, an authorized employee of the insured lender, or by using Bancserv or other Company-approved third-party service. If the above requirement cannot be met, please call the Company at the number provided in this report.

Note 7. Notice: Please be aware that due to the conflict between federal and state laws concerning the cultivation, distribution, manufacture or sale of marijuana, the Company is not able to close or insure any transaction involving Land that is associated with these activities.

Note 8. The application for title insurance was placed by reference to only a street address or tax identification number. The proposed Insured must confirm that the legal description in this report covers the parcel(s) of Land requested to be insured. If the legal description is incorrect, the proposed Insured must notify the Company and/or the settlement company in order to prevent errors and to be certain that the legal description for the intended parcel(s) of Land will appear on any documents to be recorded in connection with this transaction and on the policy of title insurance.

Note 9. Pursuant to Government Code Section 27388.1, as amended and effective as of 1-1-2018, a Documentary Transfer Tax (DTT) Affidavit may be required to be completed and submitted with each document when DTT is being paid or when an exemption is being claimed from paying the tax. If a governmental agency is a party to the document, the form will not be required. DTT Affidavits may be available at a Tax Assessor-County Clerk-Recorder.
159
Title No.: FSSE-0102501156-SD
NOTES
(continued)
CLTA Preliminary Report Form - Modified (11.17.06) Printed: 08.01.25 @ 03:13 PM by G SCA0002402.doc / Updated: 07.30.24 8 CA-FT-FSSE-01500.083804-SPS-1-25-FSSE-0102501156 Note 10. Note: The policy of title insurance will include an arbitration provision. The Company or the insured may demand arbitration. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the insured arising out of or relating to this policy, any service of the Company in connection with its issuance or the breach of a policy provision or other obligation. Please ask your escrow or title officer for a sample copy of the policy to be issued if you wish to review the arbitration provisions and any other provisions pertaining to your Title Insurance coverage.

END OF NOTES
160
Wire Fraud Alert
Original Effective Date: 5/11/2017
Current Version Date: 5/11/2017 FSSE-0102501156-AM
TM and © Fidelity National Financial, Inc. and/or an affiliate. All rights reserved

WIRE FRAUD ALERT
This Notice is not intended to provide legal or professional advice.

If you have any questions, please consult with a lawyer.

All parties to a real estate transaction are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email, without further verification. If funds are to be wired in conjunction with this real estate transaction, we strongly recommend verbal verification of wire instructions through a known, trusted phone number prior to sending funds.

In addition, the following non-exclusive self-protection strategies are recommended to minimize exposure to possible wire fraud.
 NEVER RELY on emails purporting to change wire instructions. Parties to a transaction rarely change wire instructions in the course of a transaction.
 ALWAYS VERIFY wire instructions, specifically the ABA routing number and account number, by calling the party who sent the instructions to you. DO NOT use the phone number provided in the email containing the instructions, use phone numbers you have called before or can otherwise verify. Obtain the number of relevant parties to the transaction as soon as an escrow account is opened. DO NOT send an email to verify as the email address may be incorrect or the email may be intercepted by the fraudster.  USE COMPLEX EMAIL PASSWORDS that employ a combination of mixed case, numbers, and symbols.

Make your passwords greater than eight (8) characters. Also, change your password often and do NOT reuse the same password for other online accounts.
 USE MULTI-FACTOR AUTHENTICATION for email accounts. Your email provider or IT staff may have specific instructions on how to implement this feature.

For more information on wire-fraud scams or to report an incident, please refer to the following links:

Federal Bureau of Investigation: Internet Crime Complaint Center:
http://www.fbi.gov http://www.ic3.gov
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FIDELITY NATIONAL FINANCIAL

PRIVACY NOTICE
Effective January 1, 2025
Fidelity National Financial, Inc. and its majority-owned subsidiary companies (collectively, "FNF," "our," or "we") respect and are committed to protecting your privacy. This Privacy Notice explains how we collect, use, and protect personal information, when and to whom we disclose such information, and the choices you have about the use and disclosure of that information.

A limited number of FNF subsidiaries have their own privacy notices. If a subsidiary has its own privacy notice, the privacy notice will be available on the subsidiary's website and this Privacy Notice does not apply.

Collection of Personal Information
FNF may collect the following categories of Personal Information:
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We may collect Personal Information about you from:
 information we receive from you or your agent;
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FNF automatically collects the following types of Browsing Information when you access an FNF website, online service, or application (each an "FNF Website") from your Internet browser, computer, and/or device:
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Like most websites, our servers automatically log each visitor to the FNF Website and may collect the Browsing Information described above. We use Browsing Information for system administration, troubleshooting, fraud investigation, and to improve our websites. Browsing Information generally does not reveal anything personal about you, though if you have created a user account for an FNF Website and are logged into that account, the FNF Website may be able to link certain browsing activity to your user account.

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Web Beacons. We use web beacons to determine when and how many times a page has been viewed. This information is used to improve our websites.

Do Not Track. Currently our FNF Websites do not respond to "Do Not Track" features enabled through your browser.
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Links to Other Sites. FNF Websites may contain links to unaffiliated third-party websites. FNF is not responsible for the privacy practices or content of those websites. We recommend that you read the privacy policy of every website you visit.

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FNF uses Personal Information for these main purposes:
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 in the good-faith belief that such disclosure is necessary to comply with legal process or applicable laws, or to protect the rights, property, or safety of FNF, its customers, or the public.

The law does not require your prior authorization and does not allow you to restrict the disclosures described above. Additionally, we may disclose your information to third parties for whom you have given us authorization or consent to make such disclosure. We do not otherwise share your Personal Information or Browsing Information with nonaffiliated third parties, except as required or permitted by law.

We reserve the right to transfer your Personal Information, Browsing Information, and any other information, in connection with the sale or other disposition of all or part of the FNF business and/or assets, or in the event of bankruptcy, reorganization, insolvency, receivership, or an assignment for the benefit of creditors. By submitting Personal Information and/or Browsing Information to FNF, you expressly agree and consent to the use and/or transfer of the foregoing information in connection with any of the above described proceedings.

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Choices With Your Information
Whether you submit Personal Information or Browsing Information to FNF is entirely up to you. If you decide not to submit Personal Information or Browsing Information, FNF may not be able to provide certain services or products to you.

State-Specific Consumer Privacy Information:

For additional information about your state-specific consumer privacy rights, to make a consumer privacy request, or to appeal a previous privacy request, please follow the link Privacy Request, or email [email protected] or call (888) 714-2710.

Certain state privacy laws require that FNF disclose the categories of third parties to which FNF may disclose the Personal Information and Browsing Information listed above. Those categories are:
 FNF affiliates and subsidiaries;
 Non-affiliated third parties, with your consent;
 Business in connection with the sale or other disposition of all or part of the FNF business and/or assets; 163
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 Service providers;
 Law endorsement or authorities in connection with an investigation, or in response to a subpoena or court order.

For California Residents: We will not share your Personal Information or Browsing Information with nonaffiliated third parties, except as permitted by California law. For additional information about your California privacy rights, please visit the "California Privacy" link on our website (fnf.com/california-privacy) or call (888) 413-1748.

For Nevada Residents: We are providing this notice pursuant to state law. You may be placed on our internal Do Not Call List by calling FNF Privacy at (888) 714-2710 or by contacting us via the information set forth at the end of this Privacy Notice. For further information concerning Nevada's telephone solicitation law, you may contact:

Bureau of Consumer Protection, Office of the Nevada Attorney General, 555 E. Washington St., Suite 3900, Las Vegas, NV 89101; Phone number: (702) 486-3132; email: [email protected].

For Oregon Residents: We will not share your Personal Information or Browsing Information with nonaffiliated third parties for marketing purposes, except after you have been informed by us of such sharing and had an opportunity to indicate that you do not want a disclosure made for marketing purposes. For additional information about your Oregon consumer privacy rights, or to make a consumer privacy request, or appeal a previous privacy request, please email [email protected] or call (888) 714-2710 FNF is the controller of the following businesses registered with the Secretary of State in Oregon:

Chicago Title Company of Oregon, Fidelity National Title Company of Oregon, Lawyers Title of Oregon, LoanCare, Ticor, Title Company of Oregon, Western Title & Escrow Company, Chicago Title Company, Chicago Title Insurance Company, Commonwealth Land Title Insurance Company, Fidelity National Title Insurance Company, Liberty Title & Escrow, Novare National Settlement Service, Ticor Title Company of California, Exos Valuations, Fidelity & Guaranty Life, Insurance Agency, Fidelity National Home Warranty Company, Fidelity National Management Services, Fidelity Residential Solutions, FNF Insurance Services, FNTG National Record Centers, IPEX, Mission Servicing Residential, National Residential Nominee Services, National Safe Harbor Exchanges, National Title Insurance of New York, NationalLink Valuations, NexAce Corp., ServiceLink Auction, ServiceLink Management Company, ServiceLink Services, ServiceLink Title Company of Oregon, ServiceLink Valuation Solutions, Western Title & Escrow Company
For Vermont Residents: We will not disclose information about your creditworthiness to our affiliates and will not disclose your personal information, financial information, credit report, or health information to nonaffiliated third parties to market to you, other than as permitted by Vermont law, unless you authorize us to make those disclosures.

Information From Children
The FNF Websites are not intended or designed to attract persons under the age of eighteen (18). We do not collect Personal Information from any person that we know to be under the age of thirteen (13) without permission from a parent or guardian.

International Users
FNF's headquarters is located within the United States. If you reside outside the United States and choose to provide Personal Information or Browsing Information to us, please note that we may transfer that information outside of your country of residence. By providing FNF with your Personal Information and/or Browsing Information, you consent to our collection, transfer, and use of such information in accordance with this Privacy Notice.

FNF Website Services for Mortgage Loans
Certain FNF companies provide services to mortgage loan servicers, including hosting websites that collect customer information on behalf of mortgage loan servicers (the "Service Websites"). The Service Websites may contain links to both this Privacy Notice and the mortgage loan servicer or lender's privacy notice. The sections of this Privacy Notice titled When Information is Disclosed, Choices with Your Information, and Accessing and Correcting Information do not apply to the Service Websites. The mortgage loan servicer or lender's privacy notice governs use, disclosure, and access to your Personal Information. FNF does not share Personal Information collected through the Service Websites, except as required or authorized by contract with the mortgage loan servicer or lender, or as required by law or in the good-faith belief that such disclosure is 164
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necessary: to comply with a legal process or applicable law, to enforce this Privacy Notice, or to protect the rights, property, or safety of FNF or the public.

Your Consent To This Privacy Notice; Notice Changes
By submitting Personal Information and/or Browsing Information to FNF, you consent to the collection and use of the information in accordance with this Privacy Notice. We may change this Privacy Notice at any time. The Privacy Notice's effective date will show the last date changes were made. If you provide information to us following any change of the Privacy Notice, that signifies your assent to and acceptance of the changes to the Privacy Notice.

Accessing and Correcting Information; Contact Us
If you have questions or would like to correct your Personal Information, visit FNF's Privacy Request website or contact us by phone at (888) 714-2710, by email at [email protected], or by mail to:

Fidelity National Financial, Inc.
601 Riverside Avenue,
Jacksonville, Florida 32204
Attn: Chief Privacy Officer
165

ATTACHMENT ONE
Attachment One (11/04/22)

CALIFORNIA LAND TITLE ASSOCIATION
STANDARD COVERAGE POLICY - 1990 (11-09-18)

EXCLUSIONS FROM COVERAGE
The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of:

1. (a) Any law, ordinance or governmental regulation (including but not limited to building or zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien, or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy.
(b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy.

2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without knowledge.

3. Defects, liens, encumbrances, adverse claims or other matters:
(a) whether or not recorded in the public records at Date of Policy, but created, suffered, assumed or agreed to by the insured claimant;
(b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy;
(c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the insured mortgage or for the estate or interest insured by this policy.

4. Unenforceability of the lien of the insured mortgage because of the inability or failure of the insured at Date of Policy, or the inability or failure of any subsequent owner of the indebtedness, to comply with the applicable doing business laws of the state in which the land is situated.

5. Invalidity or unenforceability of the lien of the insured mortgage, or claim thereof, which arises out of the transaction evidenced by the insured mortgage and is based upon usury or any consumer credit protection or truth in lending law.

6. Any claim, which arises out of the transaction vesting in the insured the estate or interest insured by this policy or the transaction creating the interest of the insured lender, by reason of the operation of federal bankruptcy, state insolvency or similar creditors' rights laws.

EXCEPTIONS FROM COVERAGE - SCHEDULE B, PART I
This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of:

1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records.

Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the public records.

2. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of the land or which may be asserted by persons in possession thereof.

3. Easements, liens or encumbrances, or claims thereof, not shown by the public records.

4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records.

5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b) or (c) are shown by the public records.

6. Any lien or right to a lien for services, labor or material unless such lien is shown by the public records at Date of Policy.

EXCEPTIONS FROM COVERAGE - SCHEDULE B, PART II
(Variable exceptions such as taxes, easements, CC&R’s, etc., are inserted here) 166

ATTACHMENT ONE
(CONTINUED)
Attachment One (11/04/22)

CALIFORNIA LAND TITLE ASSOCIATION
STANDARD COVERAGE OWNER'S POLICY (02-04-22)

EXCLUSIONS FROM COVERAGE
The following matters are excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys’ fees, or expenses that arise by reason of:

1. a. any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) that restricts, regulates, prohibits, or relates to:
i. the occupancy, use, or enjoyment of the Land;
ii. the character, dimensions, or location of any improvement on the Land; iii. the subdivision of land; or
iv. environmental remediation or protection.
b. any governmental forfeiture, police, regulatory, or national security power. c. the effect of a violation or enforcement of any matter excluded under Exclusion 1.a. or 1.b.

Exclusion 1 does not modify or limit the coverage provided under Covered Risk 5 or 6.

2. Any power of eminent domain. Exclusion 2 does not modify or limit the coverage provided under Covered Risk 7.

3. Any defect, lien, encumbrance, adverse claim, or other matter:
a. created, suffered, assumed, or agreed to by the Insured Claimant; b. not Known to the Company, not recorded in the Public Records at the Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy;
c. resulting in no loss or damage to the Insured Claimant; d. attaching or created subsequent to the Date of Policy (Exclusion 3.d. does not modify or limit the coverage provided under Covered Risk 9 or 10); or
e. resulting in loss or damage that would not have been sustained if consideration sufficient to qualify the Insured named in Schedule A as a bona fide purchaser had been given for the Title at the Date of Policy.

4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights law, that the transaction vesting the Title as shown in Schedule A is a:
a. fraudulent conveyance or fraudulent transfer;
b. voidable transfer under the Uniform Voidable Transactions Act; or c. preferential transfer:
i. to the extent the instrument of transfer vesting the Title as shown in Schedule A is not a transfer made as a contemporaneous exchange for new value; or
ii. for any other reason not stated in Covered Risk 9.b.

5. Any claim of a PACA-PSA Trust. Exclusion 5 does not modify or limit the coverage provided under Covered Risk 8.

6. Any lien on the Title for real estate taxes or assessments imposed or collected by a governmental authority that becomes due and payable after the Date of Policy.

Exclusion 6 does not modify or limit the coverage provided under Covered Risk 2.b. 7 Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement to the Land.

EXCEPTIONS FROM COVERAGE
Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This policy treats any Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted, repudiated, removed, and not republished or recirculated. Only the remaining provisions of the document are excepted from coverage.

This policy does not insure against loss or damage and the Company will not pay costs, attorneys’ fees, or expenses resulting from the terms and conditions of any lease or easement identified in Schedule A, and the following matters:

PART I

1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records.

2. Any facts, rights, interests, or claims that are not shown by the Public Records at Date of Policy but that could be (a) ascertained by an inspection of the Land, or (b) asserted by persons or parties in possession of the Land.

3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records at Date of Policy.

4. Any encroachment, encumbrance, violation, variation, easement, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records at Date of Policy.

5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records.

6. Any lien or right to a lien for services, labor, material or equipment unless such lien is shown by the Public Records at Date of Policy.

7. Any claim to (a) ownership of or rights to minerals and similar substances, including but not limited to ores, metals, coal, lignite, oil, gas, uranium, clay, rock, sand, and gravel located in, on, or under the Land or produced from the Land, whether such ownership or rights arise by lease, grant, exception, conveyance, reservation, or otherwise; and (b) any rights, privileges, immunities, rights of way, and easements associated therewith or appurtenant thereto, whether or not the interests or rights excepted in (a) or (b) appear in the Public Records or are shown in Schedule B.

PART II
(Variable exceptions such as taxes, easements, CC&R’s, etc., are inserted here) 167

ATTACHMENT ONE
(CONTINUED)
Attachment One (11/04/22)
CLTA/ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (7-01-21)

EXCLUSIONS FROM COVERAGE
The following matters are excluded from the coverage of this policy and We will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of:

1. a. any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) that restricts, regulates, prohibits, or relates to:
i. the occupancy, use, or enjoyment of the Land;
ii. the character, dimensions, or location of any improvement on the Land; iii. the subdivision of land; or
iv. environmental remediation or protection.
b. any governmental forfeiture, police, or regulatory, or national security power. c. the effect of a violation or enforcement of any matter excluded under Exclusion 1.a. or 1.b.

Exclusion 1 does not modify or limit the coverage provided under Covered Risk 8.a., 14, 15, 16, 18, 19, 20, 23, or 27.

2. Any power to take the Land by condemnation. Exclusion 2 does not modify or limit the coverage provided under Covered Risk 17.

3. Any defect, lien, encumbrance, adverse claim, or other matter:
a. created, suffered, assumed, or agreed to by You;
b. not Known to Us, not recorded in the Public Records at the Date of Policy, but Known to You and not disclosed in writing to Us by You prior to the date You became an Insured under this policy; c. resulting in no loss or damage to You;
d. attaching or created subsequent to the Date of Policy (Exclusion 3.d. does not modify or limit the coverage provided under Covered Risk 5, 8.f., 25, 26, 27, 28, or 32); or
e. resulting in loss or damage that would not have been sustained if You paid consideration sufficient to qualify You as a bona fide purchaser of the Title at the Date of Policy.

4. Lack of a right:
a. to any land outside the area specifically described and referred to in Item 3 of Schedule A; and b. in any street, road, avenue, alley, lane, right-of-way, body of water, or waterway that abut the Land.

Exclusion 4 does not modify or limit the coverage provided under Covered Risk 11 or 21.

5. The failure of Your existing structures, or any portion of Your existing structures, to have been constructed before, on, or after the Date of Policy in accordance with applicable building codes. Exclusion 5 does not modify or limit the coverage provided under Covered Risk 14 or 15.

6. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights law, that the transfer of the Title to You is a:
a. fraudulent conveyance or fraudulent transfer;
b. voidable transfer under the Uniform Voidable Transactions Act; or c. preferential transfer:
i. to the extent the instrument of transfer vesting the Title as shown in Schedule A is not a transfer made as a contemporaneous exchange for new value; or
ii. for any other reason not stated in Covered Risk 30.

7. Contamination, explosion, fire, flooding, vibration, fracturing, earthquake, or subsidence.

8. Negligence by a person or an entity exercising a right to extract or develop oil, gas, minerals, groundwater, or any other subsurface substance.

9. Any lien on Your Title for real estate taxes or assessments, imposed or collected by a governmental authority that becomes due and payable after the Date of Policy. Exclusion 9 does not modify or limit the coverage provided under Covered Risk 8.a or 27.

10. Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement to the Land.

LIMITATIONS ON COVERED RISKS
Your insurance for the following Covered Risks is limited on the Owner’s Coverage Statement as follows:
• For Covered Risk 16, 18, 19 and 21 Your Deductible Amount and Our Maximum Dollar Limit of Liability shown in Schedule A.

The deductible amounts and maximum dollar limits shown on Schedule A are as follows:

Your Deductible Amount Our Maximum Dollar Limit of Liability Covered Risk 16: 1.00% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less)
$ 10,000.00
Covered Risk 18: 1.00% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less)
$ 25,000.00
Covered Risk 19: 1.00% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less)
$ 25,000.00
Covered Risk 21: 1.00% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less)
$ 5,000.00
168

ATTACHMENT ONE
(CONTINUED)
Attachment One (11/04/22)
CLTA/ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (12-02-13)

EXCLUSIONS
In addition to the Exceptions in Schedule B, You are not insured against loss, costs, attorneys' fees, and expenses resulting from:

1. Governmental police power, and the existence or violation of those portions of any law or government regulation concerning:
a. building;
b. zoning;
c. land use;
d. improvements on the Land;
e. land division; and
f. environmental protection.

This Exclusion does not limit the coverage described in Covered Risk 8.a., 14, 15, 16, 18, 19, 20, 23 or 27.

2. The failure of Your existing structures, or any part of them, to be constructed in accordance with applicable building codes. This Exclusion does not limit the coverage described in Covered Risk 14 or 15.

3. The right to take the Land by condemning it. This Exclusion does not limit the coverage described in Covered Risk 17.

4. Risks:
a. that are created, allowed, or agreed to by You, whether or not they are recorded in the Public Records; b. that are Known to You at the Policy Date, but not to Us, unless they are recorded in the Public Records at the Policy Date; c. that result in no loss to You; or
d. that first occur after the Policy Date - this does not limit the coverage described in Covered Risk 7, 8.e., 25, 26, 27 or 28.

5. Failure to pay value for Your Title.

6. Lack of a right:
a. to any land outside the area specifically described and referred to in paragraph 3 of Schedule A; and b. in streets, alleys, or waterways that touch the Land.

This Exclusion does not limit the coverage described in Covered Risk 11 or 21.

7. The transfer of the Title to You is invalid as a preferential transfer or as a fraudulent transfer or conveyance under federal bankruptcy, state insolvency, or similar creditors’ rights laws.

8. Contamination, explosion, fire, flooding, vibration, fracturing, earthquake or subsidence.

9. Negligence by a person or an Entity exercising a right to extract or develop minerals, water, or any other substances.

LIMITATIONS ON COVERED RISKS
Your insurance for the following Covered Risks is limited on the Owner’s Coverage Statement as follows:
• For Covered Risk 16, 18, 19 and 21, Your Deductible Amount and Our Maximum Dollar Limit of Liability shown in Schedule A.

The deductible amounts and maximum dollar limits shown on Schedule A are as follows:

Your Deductible Amount Our Maximum Dollar Limit of Liability Covered Risk 16: 1.00% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less)
$ 10,000.00
Covered Risk 18: 1.00% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less)
$ 25,000.00
Covered Risk 19: 1.00% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less)
$ 25,000.00
Covered Risk 21: 1.00% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less)
$ 5,000.00
169

ATTACHMENT ONE
(CONTINUED)
Attachment One (11/04/22)
ALTA OWNER’S POLICY (07-01-2021)

EXCLUSIONS FROM COVERAGE
The following matters are excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of:

1. a. any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) that restricts, regulates, prohibits, or relates to:
i. the occupancy, use, or enjoyment of the Land;
ii. the character, dimensions, or location of any improvement on the Land; iii. the subdivision of land; or
iv. environmental remediation or protection.
b. any governmental forfeiture, police, regulatory, or national security power. c. the effect of a violation or enforcement of any matter excluded under Exclusion 1.a. or 1.b.

Exclusion 1 does not modify or limit the coverage provided under Covered Risk 5 or 6.

2. Any power of eminent domain. Exclusion 2 does not modify or limit the coverage provided under Covered Risk 7.

3. Any defect, lien, encumbrance, adverse claim, or other matter:
a. created, suffered, assumed, or agreed to by the Insured Claimant; b. not Known to the Company, not recorded in the Public Records at the Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy;
c. resulting in no loss or damage to the Insured Claimant; d. attaching or created subsequent to the Date of Policy (Exclusion 3.d. does not modify or limit the coverage provided under Covered Risk 9 or 10); or
e. resulting in loss or damage that would not have been sustained if consideration sufficient to qualify the Insured named in Schedule A as a bona fide purchaser had been given for the Title at the Date of Policy.

4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights law, that the transaction vesting the Title as shown in Schedule A is a:
a. fraudulent conveyance or fraudulent transfer;
b. voidable transfer under the Uniform Voidable Transactions Act; or c. preferential transfer:
i. to the extent the instrument of transfer vesting the Title as shown in Schedule A is not a transfer made as a contemporaneous exchange for new value; or
ii. for any other reason not stated in Covered Risk 9.b.

5. Any claim of a PACA-PSA Trust. Exclusion 5 does not modify or limit the coverage provided under Covered Risk 8.

6. Any lien on the Title for real estate taxes or assessments, imposed or collected by a governmental authority that becomes due and payable after the Date of Policy. Exclusion 6 does not modify or limit the coverage provided under Covered Risk 2.b.

7. Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement to the Land.

EXCEPTIONS FROM COVERAGE
Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This policy treats any Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted, repudiated, removed, and not republished or recirculated. Only the remaining provisions of the document are excepted from coverage.

This policy does not insure against loss or damage and the Company will not pay costs, attorneys' fees, or expenses resulting from the terms and conditions of any lease or easement identified in Schedule A, and the following matters:

NOTE: The 2021 ALTA Owner’s Policy may be issued to afford either Standard Coverage or Extended Coverage. In addition to variable exceptions such as taxes, easements, CC&R’s, etc., the Exceptions from Coverage in a Standard Coverage policy will also include the Western Regional Standard Coverage Exceptions listed as 1 through 7 below:

1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records.

2. Any facts, rights, interests, or claims that are not shown by the Public Records at Date of Policy but that could be (a) ascertained by an inspection of the Land or (b) asserted by persons or parties in possession of the Land.

3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records at Date of Policy.

4. Any encroachment, encumbrance, violation, variation, easement, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records at Date of Policy.

5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records.

6. Any lien or right to a lien for services, labor, material or equipment unless such lien is shown by the Public Records at Date of Policy.

7. Any claim to (a) ownership of or rights to minerals and similar substances, including but not limited to ores, metals, coal, lignite, oil, gas, uranium, clay, rock, sand, and gravel located in, on, or under the Land or produced from the Land, whether such ownership or rights arise by lease, grant, exception, conveyance, reservation, or otherwise; and (b) any rights, privileges, immunities, rights of way, and easements associated therewith or appurtenant thereto, whether or not the interests or rights excepted in (a) or (b) appear in the Public Records or are shown in Schedule B.
170

ATTACHMENT ONE
(CONTINUED)
Attachment One (11/04/22)
2006 ALTA OWNER’S POLICY (06-17-06)

EXCLUSIONS FROM COVERAGE
The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of:

1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to
(i) the occupancy, use, or enjoyment of the Land;
(ii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or
(iv) environmental protection;
or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5.
(b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.

2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy;
(c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or
(e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.

4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws, that the transaction vesting the Title as shown in Schedule A, is
(a) a fraudulent conveyance or fraudulent transfer; or
(b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy.

5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

EXCEPTIONS FROM COVERAGE
This policy does not insure against loss or damage, and the Company will not pay costs, attorneys’ fees, or expenses that arise by reason of:

NOTE: The 2006 ALTA Owner’s Policy may be issued to afford either Standard Coverage or Extended Coverage. In addition to variable exceptions such as taxes, easements, CC&R’s, etc., the Exceptions from Coverage in a Standard Coverage policy will also include the Western Regional Standard Coverage Exceptions listed below as 1 through 7 below:

1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records.

2. Any facts, rights, interests, or claims that are not shown by the Public Records at Date of Policy but that could be (a) ascertained by an inspection of the Land, or (b) asserted by persons or parties in possession of the Land.

3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records at Date of Policy.

4. Any encroachment, encumbrance, violation, variation, easement, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records at Date of Policy.

5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records.

6. Any lien or right to a lien for services, labor, material or equipment unless such lien is shown by the Public Records at Date of Policy.]

7. Any claim to (a) ownership of or rights to minerals and similar substances, including but not limited to ores, metals, coal, lignite, oil, gas, uranium, clay, rock, sand, and gravel located in, on, or under the Land or produced from the Land, whether such ownership or rights arise by lease, grant, exception, conveyance, reservation, or otherwise; and (b) any rights, privileges, immunities, rights of way, and easements associated therewith or appurtenant thereto, whether or not the interests or rights excepted in (a) or (b) appear in the Public Records or are shown in Schedule B.
171
Notice of Available Discounts
Notice of Available Discounts Printed: 08.01.25 @ 03:13 PM by G SCA0002402.doc / Updated: 07.10.19 CA-FT-FSSE-01500.083010-FSSE-0102501156 Pursuant to Section 2355.3 in Title 10 of the California Code of Regulations Fidelity National Financial, Inc. and its subsidiaries ("FNF") must deliver a notice of each discount available under our current rate filing along with the delivery of escrow instructions, a preliminary report or commitment. Please be aware that the provision of this notice does not constitute a waiver of the consumer's right to be charged the filed rate. As such, your transaction may not qualify for the below discounts.

You are encouraged to discuss the applicability of one or more of the below discounts with a Company representative. These discounts are generally described below; consult the rate manual for a full description of the terms, conditions and requirements for such discount. These discounts only apply to transactions involving services rendered by the FNF Family of Companies. This notice only applies to transactions involving property improved with a one-to-four family residential dwelling.

Not all discounts are offered by every FNF Company. The discount will only be applicable to the FNF Company as indicated by the named discount.

FNF Underwritten Title Companies Underwritten by FNF Underwriters CTC - Chicago Title Company CTIC - Chicago Title Insurance Company CLTC - Commonwealth Land Title Company CLTIC - Commonwealth Land Title Insurance Co.

FNTC - Fidelity National Title Company FNTIC - Fidelity National Title Insurance Co.

FNTCCA - Fidelity National Title Company of California NTINY - National Title Insurance of New York TICOR - Ticor Title Company of California
LTC - Lawyer's Title Company
SLTC - ServiceLink Title Company
Available Discounts

CHURCHES OR CHARITABLE NON-PROFIT ORGANIZATIONS (CTIC, CLTIC, FNTIC, NTINY) On properties used as a church or for charitable purposes within the scope of the normal activities of such entities, provided said charge is normally the church's obligation the charge for an owner's policy shall be fifty percent (50%) to seventy percent (70%) of the appropriate title insurance rate, depending on the type of coverage selected. The charge for a lender's policy shall be forty percent (40%) to fifty percent (50%) of the appropriate title insurance rate, depending on the type of coverage selected.

DISASTER AREA TRANSACTIONS (CTIC, CLTIC, FNTIC, NTINY)
This rate is available for individuals or entities that were victims of a national or state disaster. The rate can be used for a Lender's Policy (Standard or Extended), or an Owner's Policy (Standard or Homeowners coverage).

To qualify for this rate, the applicant must, prior to the closing of the applicable transaction, make a written request, including a statement meeting the following criteria:

A. The subject property is in a disaster area declared by the government of the United States or the State of California.

B. The subject property was substantially or totally destroyed in the declared disaster.

C. The subject property ownership has not changed since the time of the disaster.

The rate will be fifty percent (50%) of the applicable rate, and the transaction must be completed within sixty (60) months of the date of the declaration of the disaster.
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Notice of Available Discounts
(continued)
Notice of Available Discounts Printed: 08.01.25 @ 03:13 PM by G SCA0002402.doc / Updated: 07.10.19 CA-FT-FSSE-01500.083010-FSSE-0102501156

DISASTER AREA ESCROWS (CTC, CLTC, FNTC, TICOR, LTC)
This rate is available for individuals or entities that were victims of a national or state disaster. The rate can be used for a loan or a sale escrow transaction. To qualify for this rate, the applicant must, prior to the closing of the applicable transaction, make a written request, including a statement meeting the following criteria:

A. The subject property is in a disaster area declared by the government of the United States or the State of California.

B. The subject property was substantially or totally destroyed in the declared disaster.

C. The subject property ownership has not changed since the time of the disaster.

The rate will be fifty percent (50%) of the applicable rate, and the transaction must be completed within sixty (60) months of the date of the declaration of the disaster. Standard minimum charge applies based upon property type. No other discounts or special rates, or combination of discounts or special rates, shall be applicable.

Applies to a single transaction per property.

This rate is applicable to the following Zones/Counties:

Zone 1.A: Orange County
Zone 1.B: Riverside and San Bernardino Counties
Zone 2: Los Angeles County
Zone 3: Ventura County
Zone 10: San Diego County
Zone 12: Imperial County
If used for a sale transaction, the application of this rate assumes the charge for the Residential Sale Escrow Services (RSES) fee will be split evenly between buyer and seller. As such and regardless of how the calculated applicable RSES will be split between the disaster victim and the other principal, the rate will be applied only to one half (1/2) of the calculated applicable RSES fee, regardless of whether the disaster victim is paying half (1/2) of the RSES fee (as is customary) or paying the entire fee. The rate under this provision will be fifty percent (50%) of disaster victims' one half (1/2) portion only and shall not apply to any portion paid by non-disaster victim.

Additional services will be charged at the normal rates.

MILITARY DISCOUNT RATE (CTIC, CLTIC, FNTIC)
Upon the Company being advised in writing and prior to the closing of the transaction that an active duty, honorably separated, or retired member of the United States Military or Military Reserves or National Guard is acquiring or selling an owner occupied one-to-four family property, the selling owner or acquiring buyer, as applicable, will be entitled to a discount equal to fifteen percent (15%) of the otherwise applicable rates such party would be charged for title insurance policies. Minimum charge: Four Hundred Twenty-Five And No/100 Dollars ($425.00)
The Company may require proof of eligibility from the parties to the transaction verifying they are entitled to the discount as described. No other discounts or special rates, or combination of discounts or special rates, shall be applicable.

MILITARY RATE (SLTC)
A discount of twenty percent (20%) off the purchase transaction closing and settlement fee or a discount of One Hundred And No/100 Dollars ($100.00) off the refinance closing and settlement fee, will be applied when the loan is guaranteed by the United States Veterans Administration and the escrow fee is being paid by the consumer and is listed as paid by borrower on the Closing Disclosure and final Settlement Statement. 173
Addenda
Bryte Park / Washington Unified School District Land
Addendum I
Appraiser Qualifications
174
About IRR
Integra Realty Resources, Inc. (IRR) provides world-class commercial real estate valuation, counseling, and advisory services. Routinely ranked among leading property valuation and consulting firms, we are now the largest independent firm in our industry in the United States, with local offices coast to coast and in the Caribbean.

IRR offices are led by MAI-designated Senior Managing Directors, industry leaders who have over 25 years, on average, of commercial real estate experience in their local markets. This experience, coupled with our understanding of how national trends affect the local markets, empowers our clients with the unique knowledge, access, and historical perspective they need to make the most informed decisions.

Many of the nation's top financial institutions, developers, corporations, law firms, and government agencies rely on our professional real estate opinions to best understand the value, use, and feasibility of real estate in their market.

Local Expertise...Nationally!
irr.com
175
Integra Realty
Resources - Sacramento
irr.com
T 916.435.3883
F 916.435.4774
516 Gibson Drive
Suite 290
Roseville, CA 95678
Noah Kauffman, MAI, R/W-AC
Experience
Mr. Kauffman is a Certified General real estate appraiser with Integra Realty Resources, a real estate appraisal firm that engages in a wide variety of real estate valuation and consultation assignments. Mr. Kauffman joined IRR’s Sacramento office in 2014, following roles with financial firms including Bridgewater Associates and Trust Company of the West. Having lived in both Northern and Southern California, he brings statewide market knowledge and focuses on subdivision development appraisals for land-secured financing including Community Facilities Districts (CFDs) and Assessment Districts (ADs).

He also manages the company’s Right-of-Way / public acquisition appraisal services across multiple California offices. Mr. Kauffman has developed the experience and background necessary to deal with complex assignments covering an array of property types. Noah Kauffman holds the Appraisal Institute's MAI designation and the Right of Way – Appraisal Certification (R/W-AC) from the International Right of Way Association.

Licenses
California, Certified General Real Estate Appraiser, 3004618, Expires June 2027 Education
Academic:

Bachelor of Science in Agricultural Management and Rangeland Resources, University of California, Davis
Appraisal and Real Estate Courses:

Advanced Concepts & Case Studies
Advanced Income Capitalization
Advanced Market Analysis & Highest and Best Use
Subdivision Valuation
Quantitative Analysis
Laws and Regulations for California Appraisers
Problems in the Valuation of Partial Acquisitions
Reviewing Appraisals in Eminent Domain
The Uniform Act Executive Summary
The Valuation of Partial Acquisitions
Uniform Appraisal Standards for Federal Land Acquisitions: Practical Applications Ethics and the Right of Way Profession
Farm and Rural Resources Appraisal
Basic Appraisal Principles
Basic Appraisal Procedures
Business Practices and Ethics
General Appraiser Sales Comparables Approach
General Appraiser Site Valuation and Cost Approach
General Appraiser Market Analysis and Highest and Best Use General Appraiser Report Writing and Case Studies
General Appraiser Income Capitalization Approach Part I & II Residential Sales Comparables and Income Approach
Residential Site Valuation and Cost Approach
Residential Market Analysis and Highest and Best Use
Residential Report Writing and Case Studies
[email protected] - 916.773.3258
176
177
Integra Realty Resources -
Sacramento
irr.com
T 916.435.3883
F 916.435.4774
516 Gibson Drive
Suite 290
Roseville, CA 95678
Kevin Ziegenmeyer, MAI
Experience
Mr. Ziegenmeyer is a Certified General real estate appraiser and holds the Appraisal Institute's MAI designation. In 1989, Mr. Ziegenmeyer began his career in real estate as a controller for a commercial and residential real estate development corporation. In 1991 he began appraising and continued to be involved in appraisal assignments covering a wide variety of properties, including office, retail, industrial, residential income and subdivisions throughout the state of California, and Northern Nevada. Mr. Ziegenmeyer handles many of the firm’s master planned property appraisals and over the past two decades has developed expertise in the valuation of Community Facilities Districts and Assessment Districts.In fact, Mr. Ziegenmeyer was one of five appraisers to collaborate with other professionals in developing the appraisal guidelines for the California Debt and Investment Advisory Commission (Recommended Practices in the Appraisal of Real Estate for Land Secured Financing 2004). He has developed the experience and background necessary to deal with complex assignments covering an array of property types, with a particular focus on urban redevelopment in the cities and counties of San Francisco, Dublin, Monterey, Newport Beach, Alameda, Napa and San Mateo. In early 2015, Mr. Ziegenmeyer obtained the Appraisal Institute's MAI designation. Mr.

Ziegenmeyer is currently Senior Managing Director of the Integra-Sacramento office, and Managing Director of the Integra-Orange County, Integra-San Francisco and Integra-Los Angeles offices.

Licenses
California, California Certified General Real Estate Appraiser, AG013567, Expires June 2027
Education
Academic:

Bachelor of Science in Accounting, Azusa Pacific University, California Appraisal and Real Estate Courses:

Standards of Professional Practice, Parts A, B & C
Basic Valuation Procedures
Real Estate Appraisal Principles
Capitalization Theory and Techniques, Part A
Advanced Income Capitalization
Report Writing and Valuation Analysis
Advanced Applications
IRS Valuation Summit I & II
2008, 2009, 2010 & 2011 Economic Forecast
Business Practices and Ethics
Contemporary Appraisal Issues with Small Business Administration Financing General Demonstration Appraisal Report Writing Seminar
7-Hour National USPAP Update Course
Valuation of Easements and Other Partial Interests
2009 Summer Conference
Uniform Appraisal Standards for Federal Land Acquisitions (Yellowbook) 2008 Economic Update
Valuation of Conservation Easements
[email protected] - 916.435.3883 x224
178
Integra Realty Resources -
Sacramento
irr.com
T 916.435.3883
F 916.435.4774
516 Gibson Drive
Suite 290
Roseville, CA 95678
Kevin Ziegenmeyer, MAI
Education (Cont'd)
Subdivision Valuation
2005 Annual Fall Conference
General Comprehensive Exam Module I, II, III & IV
Advanced Income Capitalization
Advanced Sales Comparison & Cost Approaches
2004 Central CA Market Update
Computer-Enhanced Cash Flow Modeling
Forecast 2000, 2001, 2002, 2003 & 2004
Land Valuation Assignments
Land Valuation Adjustment Procedures
Highest & Best Use and Market Analysis
Entitlements, Land Subdivision & Valuation
Real Estate Value Cycles
El Dorado Hills Housing Symposium
Federal Land Exchanges
M & S Computer Cost-Estimating, Nonresidential
[email protected] - 916.435.3883 x224
179
180
Addenda
Bryte Park / Washington Unified School District Land
Addendum J
Definitions
181
Addenda
Bryte Park / Washington Unified School District Land
Definitions
The source of the following definitions is the Appraisal Institute, The Dictionary of Real Estate Appraisal, 6th ed. (Chicago: Appraisal Institute, 2015), unless otherwise noted.

Effective Date

1. The date on which the appraisal or review opinion applies.

2. In a lease document, the date upon which the lease goes into effect.

Excess Land; Surplus Land
Excess Land: Land that is not needed to serve or support the existing improvement. The highest and best use of the excess land may or may not be the same as the highest and best use of the improved parcel. Excess land has the potential to be sold separately and is valued separately.

Surplus Land: Land that is not currently needed to support the existing use but cannot be separated from the property and sold off for another use. Surplus land does not have an independent highest and best use and may or may not contribute value to the improved parcel.

Exposure Time

1. The time a property remains on the market.

2. The estimated length of time that the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal; a retrospective opinion based on an analysis of past events assuming a competitive and open market.

Fee Simple Estate
Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat.

Floor Area Ratio (FAR)
The relationship between the above-ground floor area of a building, as described by the zoning or building code, and the area of the plot on which it stands; in planning and zoning, often expressed as a decimal, e.g., a ratio of 2.0 indicates that the permissible floor area of a building is twice the total land area.

Gross Building Area (GBA)
Total floor area of a building, excluding unenclosed areas, measured from the exterior of the walls of the above-grade area. This includes mezzanines and basements if and when typically included in the market area of the type of property involved.
182
Addenda
Bryte Park / Washington Unified School District Land
Highest and Best Use

1. The reasonably probable use of property that results in the highest value. The four criteria that the highest and best use must meet are legal permissibility, physical possibility, financial feasibility, and maximum productivity.

2. The use of an asset that maximizes its potential and that is possible, legally permissible, and financially feasible. The highest and best use may be for continuation of an asset’s existing use or for some alternative use. This is determined by the use that a market participant would have in mind for the asset when formulating the price that it would be willing to bid. (ISV)

3. [The] highest and most profitable use for which the property is adaptable and needed or likely to be needed in the reasonably near future. (Uniform Appraisal Standards for Federal Land Acquisitions)
Lease
A contract in which rights to use and occupy land, space, or structures are transferred by the owner to another for a specified period of time in return for a specified rent.

Leased Fee Interest
The ownership interest held by the lessor, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires.

Leasehold Interest
The right held by the lessee to use and occupy real estate for a stated term and under the conditions specified in the lease.

Lease Type
Full Service Lease or Gross Lease: A lease in which the landlord receives stipulated rent and is obligated to pay all of the property’s operating and fixed expenses.

Full Service + Tenant Electric Lease or Gross + Tenant Electric Lease: A lease in which the tenant pays electric charges for its space but in other respects is a full service or gross lease as defined above.

Tenant electric is often abbreviated as “TE”. (Source: Integra Realty Resources) Modified Gross Lease: A lease in which the landlord receives stipulated rent and is obligated to pay some, but not all, of the property’s operating and fixed expenses. Since assignment of expenses varies among modified gross leases, expense responsibility must always be specified. In some markets, a modified gross lease may be called a double net lease, net net lease, partial net lease, or semi-gross lease.

Net Lease: A general term for a lease in which the tenant pays all or most of the operating and fixed expenses of a property. Whenever the term net lease is used, an analyst should identify the specific expense responsibilities of the tenant and owner. (Source: Integra Realty Resources) Triple Net Lease: A lease in which the tenant assumes all expenses (fixed and variable) of operating a property except that the landlord is responsible for structural maintenance, building reserves, and management. Also called NNN, net net net, or fully net lease. 183
Addenda
Bryte Park / Washington Unified School District Land
Absolute Net Lease: A lease in which the tenant pays all expenses including structural maintenance, building reserves, and management; often a long-term lease to a credit tenant.

Marketing Time
An opinion of the amount of time it might take to sell a real or personal property interest at the concluded market value level during the period immediately after the effective date of an appraisal.

Marketing time differs from exposure time, which is always presumed to precede the effective date of an appraisal.

Market Value
Market value is the amount in cash, or on terms reasonably equivalent to cash, for which in all probability the property would have sold on the effective date of value, after a reasonable exposure time on the open competitive market, from a willing and reasonably knowledgeable seller to a willing and reasonably knowledgeable buyer, with neither acting under any compulsion to buy or sell, giving due consideration to all available economic uses of the property.4 Replacement Cost
The estimated cost to construct, at current prices as of a specific date, a substitute for a building or other improvements, using modern materials and current standards, design and layout.

Reproduction Cost
The estimated cost to construct, at current prices as of the effective date of the appraisal, an exact duplicate or replica of the building being appraised, using the same materials, construction standards, design, layout, and quality of workmanship and embodying all the deficiencies, superadequacies, and obsolescence of the subject building.
4 Interagency Land Acquisition Conference (U.S.). (2016). Uniform appraisal standards for Federal land acquisitions.

Washington, D.C.: U.S. Govt. Print. Off., 1.2.4.
184
Integra Realty Resources
Sacramento
Appraisal of Real Property
Bryte Park Land Acquisition (Existing Roadway)
Existing Park Land and School Site
Todhunter Ave.

West Sacramento, Yolo County, California 95605
Owner of Record
Washington Unified School District of Yolo County
Prepared For:

CMD West
Effective Date of Value:

August 25, 2025
Report Format:

Appraisal Report
IRR - Sacramento
File Number: 193-2025-0490
185
Bryte Park Land Acquisition (Existing Roadway)
Todhunter Ave.

West Sacramento, California
186
Integra Realty Resources 516 Gibson Drive T 916.435.3883 Sacramento Suite 290 F 916.435.4774
Roseville, CA 95678 www.irr.com

November 12, 2025
Conner McDonald, SR/WA
CMD West
2020 5th Street - #1256
Davis, CA 95616
SUBJECT: Fair Market Value Appraisal
Bryte Park Land Acquisition (Existing Roadway)
Todhunter Ave.

West Sacramento, Yolo County, California 95605
IRR - Sacramento File No. 193-2025-0490
Dear Mr. McDonald:

Integra Realty Resources – Sacramento is pleased to submit the accompanying appraisal of the referenced property. The purpose of the appraisal is to develop an opinion of the market value of the acquisition area. The client for the assignment is CMD West, and the intended use is for acquisition purposes.

We have analyzed market data for the purpose of estimating the fair market value of a

4.076-acre acquisition area (fee simple). The acquisition area is a portion of existing public roadway. The City of West Sacramento plans to acquire the acreage as part of a park land acquisition project (herein referred to as “The Project”). The acquisition affects Assessor’s parcel number 014-580-002, which is comprised of 1,947,132 square feet (44.70 acres) and is currently used as a public park and school site.

The subject property is used as an existing park and school site, is zoned for public use, but is owned by the Washington Unified School District. The typical measure of market value for similar scenarios (school and park sites) is not the highest and best use under the existing zoning but an alternative non-public economic highest and best use. As a condition of the assignment the value concluded for the land herein assumes the land would be available for an alternative non-public economic highest and best use, which is development of singlefamily detached homes at a similar density to nearby development. This also conforms with 187
Conner McDonald,
CMD West
November 12, 2025