HomeMy WebLinkAboutAgenda - Agenda Packets - Regular Meeting 9/16/2014
AGENDA
JOINT REGULAR MEETING
OF THE SAN JACINTO CITY COUNCIL AND THE SUCCESSOR AGENCY TO
THE CITY OF SAN JACINTO REDEVELOPMENT AGENCY
September 16, 2014, 6:30 p.m.
625 South Pico Avenue
San Jacinto Community Center, San Jacinto, CA 92583
1. ORGANIZATION
1.1 Call to Order
1.2 Roll Call
1.3 Invocation
1.4 Pledge of Allegiance
1.5 Special Presentations
1.5.1 Presentation from EMWD - New Water Regulations
1.6 MAYOR/COUNCIL MEMBER REPORTS/DISCUSSIONS
2. PUBLIC COMMENTS
Now is the time for the public to address the Council on any subject within the jurisdiction of the City
Council not listed on the agenda. A limitation of three (3) minutes shall be set for each person desiring
to address the City Council.
3. JOINT CONSENT CALENDARS (SECTIONS 3A AND 3B)
The matters listed under Consent Calendars are considered routine and will be enacted by one motion
by City Council Members in the form listed. There will be no separate discussion on these items prior to
the motion unless members of the City Council, staff or the public requests a specified item be removed
and/or discussed. If an item is pulled, it will be heard after the balance of the Consent Calendar has
been voted on.
3A CONSENT CALENDAR - CITY COUNCIL
3A.1 Continuance of the Proclamation of the Local State of Emergency due to
the Severe Winter Storms that began on April 29, 2014 / Approve / City
Clerk
3A.2 Waiver of Full Reading of Ordinance(s), and Reading by Title Only /
Approve / City Clerk, City Attorney
City Council Agenda
September 16, 2014
Page 2 of 4
3A.3 Warrants and Disbursements - August 2014 / Approve / Finance
Director
3A.4 Minutes of August 19, 2014 - Regular Meeting / Approve / City Clerk
3A.5 Budget Adjustment - Water Fund - Lake Park Well Emergency VFD
Replacement / Approve / Water Supervisor
3A.6 Resolution of Initiation for LLPD No. 2 Annexation No. 89 and Annual
Assessments for FY 2015-2016 / Approve / Finance Director
3A.7 Treasurer's Report at July 31, 2014 / Approve / City Treasurer
3A.8 Proposed Resolution of Intent to annex property known as Kirby Village
into LLPD No. 2 as Annexation No. 89 and to levy and collect Annual
Assessments within Annexation No. 89 for FY 2015-2016 / Approve /
Finance Director
3A.9 2014 Residential Slurry Seal & Downtown Pavement Rehabilitation
Project / Approve / City Engineer
3B CONSENT CALENDAR - SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN JACINTO
4. PUBLIC HEARING
5. STAFF REPORTS
At the end of the scheduled City Department items, anyone wishing to discuss a consent calendar item
should come forward upon invitation of the Mayor; state their name, address, and the consent calendar
item number pulled. Speakers should limit comments to three (3) minutes.
5.1 Request City Council Authorization to Submit a Two-Year Community
Development Block Grant Application to the Riverside County Economic
Development Agency for Program Years 2015-16 and 2016-17 / Approve /
Development Director
6. CLOSED SESSION
6.1 CLOSED SESSION - CITY COUNCIL
6.1.1 CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
(Paragraph (1) of subdivision (d) of Section 54956.9)
Name of Case: City of San Jacinto v. Ocean Springs LLC; Riverside
County Superior Court Case No. 10010048
City Council Agenda
September 16, 2014
Page 3 of 4
6.1.2 CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
(Subdivision (a) paragraph (1) of subdivision (d) of Section 54956.9)
Name of case: TMH Enterprises v. City of San Jacinto, Case No. RIC
1117023
6.1.3 CONFERENCE WITH LABOR NEGOTIATORS
Agency Negotiators: Tim Hults, City Manager & Roger Crawford,
Deputy City Attorney
Represented Parties: San Jacinto Management Association & Service
Employees International Union, Local 721
6.2 CLOSED SESSION - SUCCESSOR AGENCY TO THE REDEVELOPMENT
AGENCY OF THE CITY OF SAN JACINTO
7. ADJOURNMENT
If you challenge any action of the City Council 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 (c/o the City Clerk) at, or prior to, the public hearing.
CHALLENGE TO LAND USE DECISIONS: Any person seeking to challenge a decision regarding land use
made by the City Council as a result of a proceeding in which by law a hearing is required to be given, shall
be required to commence that action 90 days following the date on which the decision of the City Council
becomes final as provided in Code of Civil Procedure Section 1094.6. Please refer to Code of Civil Procedure
Section 1094.6 to determine how to calculate when a decision becomes final.
It is the intention of the City of San Jacinto to comply with the Americans with Disabilities Act (ADA) in all
respects. If, as an attendee or a participant at this meeting, or in meetings on a regular basis, you will need
special assistance beyond what is normally provided, the City will attempt to accommodate you in every
reasonable manner. Please contact City Hall at (951) 537-6358, at least 48 hours prior to the meeting to
inform us of your particular needs and to determine if accommodation is feasible.
Any writing related to an agenda item for an open session of a regular meeting of the City Council that is
distributed less than 72 hours prior to the meeting will be made available for public inspection at the City
Clerk's office, located at 595 South San Jacinto Avenue, San Jacinto, California, and at the regular meeting
location - City of San Jacinto Community Center, 625 South Pico Avenue, San Jacinto, California - at the time
the writing is distributed to a majority of the City Council
DOCUMENTS RELATED TO OPEN SESSION AGENDAS (SB 343) -- Any public record,
relating to an open session agenda item, that is distributed within 72 hours prior to the
meeting is available for public inspection at the public counter located in the Administration
Building of City Hall, 595 S San Jacinto Avenue, San Jacinto, CA 92583
I, Richard Miller, City Clerk of the City of San Jacinto, do hereby certify that I caused to be posted the foregoing
agenda this 11th Day of September, 2014, as required by law.
City Council Agenda
September 16, 2014
Page 4 of 4
Richard Miller, City Clerk
September 16, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Rick Miller, City Clerk
SUBJECT: Continuance of the Proclamation of the Local State of Emergency due to
the Severe Winter Storms that began on April 29, 2014
RECOMMENDATION:
Staff recommends that the City Council, by motion, approve to the continuance of the
Proclamation of the Local State of Emergency due to the Severe Wind Storms that
began on April 29, 2014.
DISCUSSION:
On April 30, 2014 the Director of Emergency Services/City Manager proclaimed the
existence of a local emergency resulting from the severe and damaging winter storms that
began on or about 8:00 a.m. on April 29, 2014. Government Code section 8630 requires
the City Council to ratify any local emergency proclaimed by a local official such as the
Director of Emergency Services/City Manager within seven days. Thereafter, the City
Council shall at least once every 30 review the need for continuing the local emergency.
ALTERNATIVES:
1) Consent to the continuance of the Proclamation of the Local State of Emergency
(Staff Recommendation).
2) Do Not Consent to the continuance.
FISCAL IMPACT:
The City’s ability to obtain or continue to receive federal, state or regional
disaster/emergency relief funding may be impacted if the City Council does not Consent
to continue the proclamation of the local state of emergency. Substantial budgetary
impacts are apparent for recovery efforts to include substantial employee overtime
salaries; purchases of materials, supplies and equipment; use of private
contractors/force labor; and other repairs to city right-of-way facilities (Preliminary
estimates range from thirty to eighty thousand dollars). Budgetary assistance and
reimbursement is available from Federal Emergency Management Agency (F.E.M.A.)
PACKET PAGE: 1
AGENDA ITEM 3A.1
for related costs for limited recovery efforts to critical infrastructure including: electrical,
power, telecommunications, water supply, public safety, and transportation.
ATTACHMENTS:
· Copy of Resolution Number 3506
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AGENDA ITEM 3A.1
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September 16, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Rick Miller, City Clerk
Jeff Ballinger, City Attorney
SUBJECT: Waiver of Full Reading of Ordinance(s), and Reading by Title Only
RECOMMENDATION:
Staff recommends that the City Council, by motion, waive the full reading of any and all
ordinances on this meeting’s agenda, and authorize their reading by title only.
BACKGROUND:
Government Code Section 36934 requires that all ordinances shall be read in full either
at the time of their introduction or their passage. However, Government Code Section
36934 allows the waiver of this requirement by regular motion adopted by majority vote
if the title of the ordinance is read.
This waiver can be accomplished at the time of each ordinance action, or as a standing
waiver, accomplished as a consent calendar motion. In order to stream-line the process
for the passage of ordinances, the City Attorney and staff propose the second option,
which is the waiver of any and all ordinances on this agenda.
ALTERNATIVES:
Approval: Approve the addition of the attached language to all future agendas of the
City Council, thus waiving the full reading of all future ordinances.
Denial: Do not approve the agenda language and, instead, before the passage of any
ordinance and after the reading of its title, make a motion that must be adopted by
majority vote that allows a waiver of the full reading.
FISCAL IMPACT:
None
PACKET PAGE: 5
AGENDA ITEM 3A.2
September 16, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Thomas Prill, Finance Director
SUBJECT: Warrants and Disbursements – August 2014
RECOMMENDATION:
Staff recommends that the City Council review and approve Warrants and Disbursements for
the period of August 1 through August 31, 2014 in the amount of $4,801,076.03.
DISCUSSION:
The City Council in its oversight role formally reviews disbursements of City funds made by
Accounts Payable warrants, bi-weekly payrolls and electronic funds (wire) transfers. The
following information is provided for such review and approval:
Warrants/Wire Pay Date Amount
Accounts Payable: # 109600-109986 Various $ 3,469,716.79
Payroll: Pay Period # 16 # 21992-22005 08/07/2014 $ 113,442.64
Includes Warrants, Direct Deposits, Taxes, Garnishments
Payroll: Pay Period # 17 # 22006-22020 08/21/2014 $ 120,476.87
Includes Warrants, Direct Deposits, Taxes, Garnishments
Electronic Funds Various $ 1,097,439.73
Total Disbursements – Period of August 1-31, 2014 $ 4,801,076.03
Prepared by: Judy Kelley, Account Clerk II
Known Councilmember Conflicts: Check #’s 109621, 109703, 109853, 109890
FISCAL IMPACT:
Expenditures by warrant, payroll direct deposit and electronic funds (wire) transfers have been
appropriated.
ATTACHMENTS:
Accounts Payable Warrant Register – August 1-31, 2014
Electronic Funds Transfer Report – August 1-31, 2014
Note: Payroll information is on file in the Finance Department.
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September 16, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Rick Miller, City Clerk
SUBJECT: Minutes of August 19, 2014 - Regular Meeting
RECOMMENDATION:
Staff recommends that the City Council, by motion, approve the draft minutes of the
August 19, 2014 Regular Meeting.
ATTACHMENTS
· Draft Minutes of the August 19, 2014 – Regular Meeting
PACKET PAGE: 57
AGENDA ITEM 3A.4
ACTION MINUTES
JOINT REGULAR MEETING
OF THE SAN JACINTO CITY COUNCIL AND THE SUCCESSOR AGENCY TO
THE CITY OF SAN JACINTO REDEVELOPMENT AGENCY
August 19, 2014
6:30 p.m.
625 S. Pico Ave
San Jacinto Community Center, San Jacinto, CA 92583
1. ORGANIZATION
1.1 Call to Order
Mayor Alonso Ledezma called the Regular Meeting of the San Jacinto
City Council and the successor agency to the City of San Jacinto
Redevelopment Agency to order at 6:30 p.m.
1.2 Roll Call
Present: Bartel, Kotyuk, Miller, Ruiz, Ledezma
Absent: None
1.3 Invocation
Pastor Gene Leavell gave the invocation
1.4 Pledge of Allegiance
Mayor Pro Tem Crystal Ruiz led the Pledge of Allegiance
1.5 Special Presentations
1.5.1 Recognition of 4th of July Parade Winners
Assistant City Manager Mike Emberton called Stephanie
Boarders to the podium to present the trophies to the 4th of
July Parade winners. Alan Denez, representing Assemblyman
Brian Nestande’s office presented certificates to the winners.
1.6 MAYOR / COUNCIL MEMBER REPORTS / DISCUSSIONS
Council Members gave their reports.
PACKET PAGE: 59
AGENDA ITEM 3A.4
Action Minutes
August 19, 2014
____________________________________________________________________________________Page 2 of 6
2. PUBLIC COMMENTS:
Public Speakers:
· Alicia Marquez
· Jim Pangrazzi
· Bruce Malone
· Brenda Coolbaugh
· Joel Ortiz
3. JOINT CONSENT CALENDARS
3A CONSENT CALENDAR
3A.1 Continuance of the Proclamation of the Local State
of Emergency due to the Severe Winter Storms that
began on April 29, 2014 / Approve / City Clerk
3A.2 Waiver of Full Reading of Ordinance(s), and Reading
by Title Only / Approve / City Clerk, City Attorney
3A.3 Minutes of August 5, 2014 - Regular Meeting /
Approve / City Clerk
3A.4 Warrants and Disbursements – July 2014 / Approve /
Finance Director
3A.5 Statement of Investment Policy / Approve / Finance
Director
3A.6 Budget Adjustment – Waste Water Fund / Approve /
Finance Director
M/S/C (Bartel/Ruiz) moved to approve the Consent Calendar. Motion carried 5/0.
Ayes: Bartel, Kotyuk, Miller, Ruiz, Ledezma
Nays: None
Absent: None
Abstain: Miller from 3A.3, Kotyuk from 3A.4 line items 109426,
109481 and 109538.
4. PUBLIC HEARING
4.1 Resolution Authorizing the Annexation of Territory into the
Community Facilities District No. 2003-1 and Declaring the Results of
PACKET PAGE: 60
AGENDA ITEM 3A.4
Action Minutes
August 19, 2014
____________________________________________________________________________________Page 3 of 6
a Special Annexation Landowner Election and Directing the
Recording of an Amended Notice of Special Tax Lien
City Attorney Haviva Shane presented the staff report.
Mayor Ledezma opened the Public Hearing at 7:30 p.m.
Mayor Ledezma asked City Clerk Rick Miller if he had received any oral or
written objections or protests.
City Clerk Miller stated that he had not received any oral or written
objections or protests.
Mayor Ledezma closed the Public Hearing at 7:32 p.m.
M/S/C (Bartel/Kotyuk) moved to approve Resolution No. 3532 Authorizing the
Annexation of Territory to Community Facilities District No. 2003-1.
Motion carried 5/0.
Ayes: Bartel, Kotyuk, Miller, Ruiz, Ledezma
Nays: None
Absent: None
Abstain: None
Mayor Ledezma asked City Clerk Miller if he had received any ballots from
owners of the property that is proposed to be annexed to the District.
City Clerk Miller stated that he had received one ballot. He opened the
ballot and the majority of the landowners are in favor of the annexation.
M/S/C (Bartel/Ruiz) moved to approve Resolution No. 3531 declaring the results of
a special annexation landowner election and direct the recording of
an amended notice of special tax lien. Motion carried 5/0.
Ayes: Bartel, Kotyuk, Miller, Ruiz, Ledezma
Nays: None
Absent: None
Abstain: None
4.2 CR&R Delinquent Solid Waste Tax Roll Placement for Calendar Year 2013.
Finance Director Tom Prill presented the staff report.
Mayor Ledezma opened the Public Hearing at 7:49 p.m.
PACKET PAGE: 61
AGENDA ITEM 3A.4
Action Minutes
August 19, 2014
____________________________________________________________________________________Page 4 of 6
Mayor Ledezma asked City Clerk Miller if he had received any or oral or
written comments.
City Clerk Miller stated that he had not received any; however there are
citizens who wish to speak on this item.
Public Speakers:
· Howard Hoyt
· Alicia Marquez
· Robert Luo
· Emilie Lee
· Hector Sanchez
Mayor Ledezma closed the Public Hearing at 7:58 p.m.
City Attorney Shane suggested if Council wishes that a change in the
language on Section 6 and original language from Section 6 be moved and
Section 7 be added within Resolution No. 3529 to read as follows:
SECTION 6: For any property on the list for which, prior to the recordation
of the lien, delinquent fees and assessments are paid in full, or for which
an alternate arrangement is agreed upon, such property shall be removed
from the list and a lien shall not be placed on the tax rolls.
SECTION 7: If any provision of this Resolution or the application thereof to
any person or circumstance is held invalid, such invalidity shall not affect
other provisions or applications, and to this end the provisions of this
Resolution are declared to be severable.
Council Member Miller proposed that the city meet with CR&R and suggest
that when a letter of delinquency is written to a renter that a duplicate letter
is also created and sent to the owner of the property. Any letters of
delinquency throughout the process is generated to the property owner.
M/S/C (Kotyuk/Bartel) moved to approve Item 4.2 with changes to Resolution 3529
as shown above. Motion carried 5/0.
Ayes: Bartel, Kotyuk, Miller, Ruiz, Ledezma
Nays: None
Absent: None
Abstain: None
PACKET PAGE: 62
AGENDA ITEM 3A.4
Action Minutes
August 19, 2014
____________________________________________________________________________________Page 5 of 6
5. STAFF REPORTS
5.1 2014 Downtown Improvements Project (CIP 11-006) and 2014
Residential Slurry Seal & Authorization to Advertise for Bids
Sean Motlagh with the City Engineering Department presented the staff
report.
M/S/C (Kotyuk/Miller) moved to approve Item 5.1 as presented. Motion carried 5/0.
Ayes: Bartel, Kotyuk, Miller, Ruiz, Ledezma
Nays: None
Absent: None
Abstain: None
5.2 Investment Portfolio Review with Advisors
Finance Director Prill introduced Ted Piorkowski and Mark Creger. Mr.
Piorkowski presented a presentation for Chandler and Mr. Creger followed
with a presentation for BLX.
Mayor Alonso Ledezma recessed the Regular Meeting of the City Council and
adjourned the meeting at 8:32 p.m. and reconvened in Closed Session for the City
Council at 8:35 p.m. The meeting was adjourned in the honor of actor Robin Williams.
6. CLOSED SESSION
6.1 CLOSED SESSION - CITY COUNCIL
6.1.1 CONFERENCE WITH LABOR NEGOTIATORS
Agency Negotiators: Tim Hults, City Manager & Roger
Crawford, Deputy City Attorney
Represented Parties: San Jacinto Management Association &
Service Employees International Union, Local 721
There was no reportable action.
6.2 CLOSED SESSION - SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN JACINTO
NONE
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AGENDA ITEM 3A.4
Action Minutes
August 19, 2014
____________________________________________________________________________________Page 6 of 6
7. ADJOURNMENT
With no further business before the City Council, Mayor Alonso Ledezma
adjourned the Regular Meeting of the City Council at 8:45 p.m.
City of San Jacinto
______________________
Alonso Ledezma, Mayor
ATTEST:
___________________
Richard Miller, City Clerk
Approved as read: ________
Approved as amended: ____
PACKET PAGE: 64
AGENDA ITEM 3A.4
September 16, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Dan Mudrovich, Water Utilities Superintendent
SUBJECT: Budget Adjustment – Water Fund - Lake Park Well Emergency VFD
Replacement
RECOMMENDATION:
Staff recommends that the City Council, by motion approve an increase in the
appropriation of funds to the Water Enterprise Fund account #050-9000-450-4045
(Machinery & Equipment) from $30,000 to $60,000.
DISCUSSION:
The Water Enterprise Fund had originally budgeted $60,000 in the proposed 2014/15
Budget, for replacement of the Lake Park Well variable frequency drive (VFD), to occur
only if the VFD failed.
On August 21, 2014, at approximately 06:30 hours, San Jacinto experienced severe
thunderstorms with lightning strikes and the Lake Park Well blew two VFD fuses, the
flow transducer and the pressure transducer. The Lake Park Well had been on line all
week previous to this. Over the past year, the Lake Park Well VFD has experienced
several electrical faults and has been rebuilt with considerable cost. Two electrical
vendors have confirmed the need for the replacement of the well VFD at this time, and
the appropriate arrangements for replacement have been made. During the high peak
usage times of the summer, the Lake Park Well is essential in providing customer
water, without the need of purchasing water from EMWD.
Since the Council did not approve the proposed 2014/15 Budget, instead relying on
“continuing appropriations,” this specific account was not fully appropriated to cover this
necessary expenditure. Therefore, this budget adjustment to the current appropriations
is being brought forward to the Council for approval.
The source of funds for this expenditure would be the Water Enterprise Fund.
ALTERNATIVES:
§ Approve staff recommendation.
§ Discuss and provide staff with further direction.
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AGENDA ITEM 3A.5
FISCAL IMPACT:
The approval of this item would result in an additional appropriation:
#050-9000-450-4045 (Machinery & Equipment) $30,000
ATTACHMENTS:
§ KSM Electric Bid for $48,383.85.
§ Brithinee Electric Bid for $56,861.00.
PACKET PAGE: 66
AGENDA ITEM 3A.5
Quote
Date
8/24/2014
Quote #
178
Name / Address
City of San Jacinto
595 S San Jacinto Ave., Bldg. B
San Jacinto, CA 92583
Ship To
City of San Jacinto
Lake Park Well
KSM Electric Inc.
1090 5th Street Unit 114
Calimesa, Ca. 92320
Terms
Net 30
FOB
Job Site
Project
Lake Park VFD
Thank you for your business.
Phone #(909)795-8886 Fax #(909)795-8884
Total
Subtotal
Sales Tax (8.0%)
Description Qty Rate Total
Quote to supply and install 1 600 HP Square D ATV61 Variable Frequency Drive for Lake Park
Well.
Quote to include:
Remove 600 hp Toshiba G3 VFD from existing enclosure (Existing enclosure will be reused).
Modify existing enclosure to accommodate New Square D VFD and Exhaust Fans.
Install Heat Sink exhaust fan kit on top of existing enclosure.
Supply and install 1 600 HP 480 volt Square D ATV61 Variable Frequency Drive.
Rewire Control logic to accommodate new VFD
Program and Start UP of New VFD.
Square D ATV61HC40N4 1 37,854.00 37,854.00T
Exhaust Fan and Shroud 1 2,623.27 2,623.27T
Wire, Fittings and Mounting Hardware 1 387.41 387.41T
Field Service Labor 1 4,250.00 4,250.00
VFD Delivery 5 Working Days / No Charge
Adder Charge for:
Overnighr = $4,834.00
Two Day = $ 4,212.00
Three Day = $3,456.00
$48,383.85
$45,114.68
$3,269.17
PACKET PAGE: 67
AGENDA ITEM 3A.5
Phone 909-825-7971 Fax 909-825-6312
620 So. Rancho Ave, Colton, CA 92324-3243
San Jacinto, City of Ph. No.951-654-4041
P.O. Box 488
Dan Mudrovich
San Jacinto CA 92583
8/25/2014Date
Our truck delivery
PriceDescription
Quote to supply & install a Toshiba "AS1" series 600HP, 460 variable
frequency drive chassis into the existing Toshiba 600HP G3+ Pack drive.
Scope of Work:
The existing drive will remain in place as is. The internal assembly of the drive
will be completely removed and readied for a new Toshiba 600HP "AS1" series
drive.
The cabinet will be modified to add venting of the drive's heat to be exhausted
to the outside of the building. A building vent fan will be installed to directly
exhaust the heat.
The new drive installed with new HMI keypad on the front door.
The drive will then be interfaced with the existing control logic.
The new drive will be programmed to work the same as the existing old drive.
A new control drawing set will be made for your records.
The new drive is rated 759 amps @ 460V
Total Net Cost (Drive & Materials)
Installation Charge (labor)
8% sales tax on materials
Total Charge
Note: Toshiba currently has one drive in stock in Houston, Tx
$52,500.00
$7,260.00
$4,200.00
$63,960.00
Delivery
Your contact at Brithinee Electric:
Fax No.
Job Site
FOB
Quote No.23927Refer to:
Freight
Sales Tax is additional if applicable. Prices good for 30 days, subject to change without notice.
Please Note: that this is not an offer to contract, but merely a quotation of current prices for your convenience and information. Orders
based on this quotation are subject to our acceptance on the terms and conditions stated in our written Acknowledgment of order. We
make no representations with respect to compliance with job specifications.
Comments
Greg Beebe Greg@Brithinee.com
PACKET PAGE: 69
AGENDA ITEM 3A.5
September 16, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Tom Prill, Finance Director
SUBJECT: Resolution of Initiation for LLPD No. 2 Annexation No. 89 and Annual
Assessments for FY 2015-2016
RECOMMENDATION:
Staff recommends that the City Council, by motion, approve and adopt the following
Resolution of Initiation ordering the District Engineer to prepare and file a report related
to the annexation of property known as tract 34586 (Kirby Village), APN 436-450-019 to
the City of San Jacinto LLPD No. 2 as Annexation No. 89.
DISCUSSION:
The Assessment District is divided among the original area and 87 annexation areas
called zones with assessments involving over 7,394 individual parcels. A Resolution of
Initiation sets the procedure in action to annex areas to the Assessment District.
Staff will present, the Engineer’s Report for approval and set a public hearing date for
the mailed ballot proceedings at a subsequent meeting. After any public input and the
election, City Council may then adopt a resolution confirming the diagram and
assessments and authorizing the levy of assessments in LLPD No. 2 Annexation No. 89
if a majority protest does not exist.
The attached Resolution initiates work on the annexation and annual assessment
district levy required by California Streets and Highways Code, Section 22622. The
annexation area is named Kirby Village, located on the west side of Kirby Street, north
of Esplanade Avenue.
FISCAL IMPACT:
None
ATTACHMENTS:
Resolution of Initiation – LLPD No. 2 Resolution No._______
PACKET PAGE: 71
AGENDA ITEM 3A.6
Page 1 of 3
STATE OF CALIFORNIA ) RESOLUTION NO:
COUNTY OF RIVERSIDE)ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SAN JACINTO INITIATING PROCEEDINGS
PURSUANT TO THE LANDSCAPE AND LIGHTING ACT
OF 1972 FOR THE ANNEXATION OF PROPERTY
(KIRBY VILLAGE, ASSESSOR'S PARCEL NO. 436-450-
019) TO LANDSCAPING, LIGHTING AND PARK
DISTRICT NO. 2 (LLPD NO. 2) ANNEXATION NO. 89
AND ORDERING THE PREPARATION OF THE
ENGINER’S REPORT (LLPD NO. 2 ANNEXATION NO.
89).
WHEREAS, it has been determined by the City Council of the City of San
Jacinto ("City") that the public interest, convenience and necessity require the
installation, operation, maintenance and/or servicing of street lights, traffic signals,
graffiti removal, landscape, drainage facilities and any improvements appurtenant
thereto, as set forth in Section 22535 of the California Streets and Highways
Code
WHEREAS, the City Council has determined that, to finance such facilities
and the maintenance and servicing thereof, certain property that will receive
benefit from the maintenance and servicing of such facilities should be annexed
to existing Landscaping, Lighting and Park District No. 2 of the City of San
Jacinto ("District"); and
WHEREAS, the City Council has also determined that proceedings for the
levy of assessments on such property to pay the costs of the maintenance and
servicing of such facilities during fiscal year 2015-16 should also be conducted
pursuant to Chapter 3 (commencing with Section 22620) of Part 2 of Division 15
of the California Streets and Highways Code.
NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the
City Council of the City of San Jacinto, as follows:
Section 1: The City Council proposes to annex certain property to the District
pursuant to the Landscaping and Lighting Act of 1972, Part 2
(commencing with Section 25000) of Division 15 of the California
Streets and Highways Code..
PACKET PAGE: 73
AGENDA ITEM 3A.6
Page 2 of 3
Section 2: Improvements. The Improvements which shall be provided for the
property proposed to be annexed to the District by and through the
assessments levied annually thereon shall include the following:
(a) the installation or construction or operation of public
lighting, facilities, including, but not limited to, street
lights, and traffic signals;
(b) the installation or planting of landscaping, including, but
not limited to, street trees, and parkways;
(c) the installation or construction of sidewalks, curb and
gutter, storm drains, and catch basins;
(d) the installation or construction of any facilities which are
appurtenant to any improvements listed in (a) through
(c) or which are necessary or convenient for the
maintenance or servicing thereof including, but not
limited to, irrigation, drainage, and electrical facilities;
and
(e) the maintenance and servicing of any of the foregoing.
Section 3: The property to be specifically charged for the maintenance and
servicing of such improvements shall include all of the land
located within Assessor's Parcel No. 436-450-019, in the City of
San Jacinto, County of Riverside, and shall be designated
"Annexation No. 89 to Landscaping, Lighting and Park District No.
2".
Section 4: NBS the District's engineer ("Engineer"), is ordered to prepare and
file a report in accordance with Article 4 (commencing with Section
22565) of Chapter 1 of Part 2 of Division 15 of the California Streets
and Highways Code with respect to the annexation of the property
described in Section 3 hereof to the District and the levy of
assessments on such property to pay the costs of the
maintenance and servicing of the improvements described in
Section 2 hereof during fiscal year 2015-16. Upon completion, the
Engineer shall file said report with the City Clerk of the City
Council for submission to the City Council.
PASSED, APPROVED and ADOPTED this __ day of ______, 2014, by
the following vote:
Ayes:
Nays:
Absent:
Abstained:
PACKET PAGE: 74
AGENDA ITEM 3A.6
Page 3 of 3
City of San Jacinto
__________________________
by Alonso Ledezma, Mayor
ATTEST:
___________________________
Rick Miller, City Clerk
APPROVED AS TO FORM:
Best, Best & Krieger, LLP
___________________________
City Attorney, City of San Jacinto
PACKET PAGE: 75
AGENDA ITEM 3A.6
A-1
EXHIBIT A
Annexation No. 89 to
Landscaping, Lighting and Park District No. 2
Legal Description
The land referred to herein is situated in the State of California, County of
Riverside, City of San Jacinto, and described as follows:
Parcel 2 of Parcel Map No. 34585 as shown by map on file in Book 220, Pages 98
through 100 of Parcel Maps, Records of Riverside County, California.
ASSESSOR’S PARCEL NUMBER: 436-450-019
PACKET PAGE: 76
AGENDA ITEM 3A.6
PACKET PAGE: 77AGENDA ITEM 3A.6
September 16, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Kaleena Richards, City Treasurer
SUBJECT: Treasurer’s Report at July 31, 2014
RECOMMENDATION:
Receive and File Treasurer’s Report for July 31, 2014.
BACKGROUND:
The Treasurer’s Report is required to be presented to the governing body at least
quarterly in accordance with California Government Code Section 53600 et. seq.
DISCUSSION:
Total Cash and City Investments decreased 0.89% during the month. This includes
cash, cash in bank and cash with trustee.
The attached Treasurer’s report is a “snapshot” report of our cash position on the last
day of the month in all of our accounts. A section demonstrating compliance with the
adopted Investment Policy, a schedule of CDs, and a chart depicting historical interest
rates for certain positions is also included. Detailed statements of investments from
Chandler Asset Management and BLX Group have also been included.
Also attached is a “Memorandum” from BLX Group regarding the downgrade of Dell
bonds held as investments. Please read this document, as it explains an exception to
the adopted Investment Policy. Although this is an exception currently, it was in
compliance with our Policy when purchased. The downgrade does affect the
investment’s market value, so if the investment were to be sold today, it would be sold
at a significant loss.
FISCAL IMPACT:
None.
ATTACHMENTS:
Treasurer’s Report for the month ending July 31, 2014.
PACKET PAGE: 79
AGENDA ITEM 3A.7
PACKET PAGE: 81AGENDA ITEM 3A.7
PACKET PAGE: 82AGENDA ITEM 3A.7
-
0.500
1.000
1.500
2.000
8/119/1110/1111/1112/111/122/123/124/125/126/127/128/129/1210/1211/1212/121/132/133/134/135/136/137/138/139/1310/1311/1312/131/142/143/144/145/146/147/14Interest Rates - 8/11 to 7/14
LAIF
CAMP
LAMMA-BoH
MMA-Rabo
PIMMA-
RaboPACKET PAGE: 83AGENDA ITEM 3A.7
Monthly Account Statement
+(314)-418-3441
Linda Brimm
US Bank
CustodianChandler Team
For questions about your account,
please call (800) 317-4747 or
Email operations@chandlerasset.com
City of San Jacinto
July 1, 2014 through July 31, 2014
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your
qualified custodian. Prices are provided by IDC, an independent pricing source.
6225 Lusk Boulevard | San Diego, CA 92121 | Phone 800.317.4747 | Fax 858.546.3741 | www.chandlerasset.comPACKET PAGE: 84AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 1
Cont/WD -947
Income Earned 6,115 6,101
Cost Value 10,161,467 10,161,305
Book Value 10,057,288 10,061,893
Par 9,961,116 9,975,118
Market Value 10,076,678 10,066,879
Total Market Value 10,111,266 10,102,015
Accrued Interest 34,588 35,136
ACCOUNT SUMMARY
Beg. Values
as of 6/30/14
End Values
as of 7/31/14
74.4 %
Bank of Tokyo-Mit UFJ 2.0 %
Berkshire Hathaway 2.0 %
Honda ABS 2.0 %
Federal Farm Credit Bank 9.8 %
Federal Home Loan Mortgage Corp 12.2 %
Federal Home Loan Bank 12.8 %
Federal National Mortgage Assoc 14.9 %
Government of United States 18.7 %
TOP ISSUERS
Issuer % Portfolio
Average S&P/Moody Rating AA+/Aa1
Average Market YTM 0.66 %
Average Life 1.89 yrs
Average Final Maturity 1.97 yrs
Average Purchase YTM 0.75 %
Average Duration 1.85
Average Coupon 1.36 %
PORTFOLIO CHARACTERISTICS
CREDIT QUALITY (S&P)MATURITY DISTRIBUTIONSECTOR ALLOCATION
1-3 Year Govt/A Rated or better Corporate -0.08 %0.09 %0.44 %0.75 %N/A N/A N/A 0.77 %1.62 %
1-3 yr Treasury -0.08 %0.06 %0.33 %0.53 %N/A N/A N/A 0.49 %1.02 %
City of San Jacinto -0.08 %0.06 %0.44 %0.74 %N/A N/A N/A 0.60 %1.26 %
PERFORMANCE REVIEW
Total Rate of Return Current Latest Year Annualized Since
As of 7/31/2014 Month 3 Months To Date 1 Yr 3 Yrs 5 Yrs 10 Yrs 6/30/2012 6/30/2012
Portfolio Summary
As of 7/31/2014
City of San Jacinto
Account #10167
PACKET PAGE: 85AGENDA ITEM 3A.7
Category Standard CommentLocal Agency Bonds No Limitation; BBB rated equivalent by a NRSROCompliesTreasury Issues No Limitation CompliesAgency Issues No Limitation CompliesBanker’s Acceptances 40% maximum; <180 days maturity; A-1 rated equivalent by at least two NRSROsComplies Commercial Paper 25% maximum; <270 days maturity; A-1 rated equivalent by at least two NRSROsCompliesNegotiable Certificates of Deposit 30% maximum; A rated equivalent by at least two NRSROsComplies Medium Term Notes 30% maximum; A rated equivalent by at least two NRSROsCompliesMoney Market Mutual Funds 20% maximum; rated equivalent by at least two NRSROsCompliesMortgage Pass-throughs, CMOs and Asset Backed Securities20% maximum; AA-rated issue; A-rated issuerComplies Local Agency Investment Fund - L.A.I.F. Currently not used by investment adviser CompliesProhibited Securities Inverse floaters; Ranges notes, Interest-only strips from mortgaged backed securities; Zero interest accrual securitiesCompliesIssuer Maximum 5% per issuer for all non-government issuersCompliesMaximum maturity 5 years Complies City of San JacintoJuly 31, 2014COMPLIANCE WITH INVESTMENT POLICY Assets managed by Chandler Asset Management are in full compliance with State law and with the City's investment policy.PACKET PAGE: 86
AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 3
- Other Dispositions $0.00
- Maturites $190,000.00
- Calls $0.00
- MMF Withdrawals $947.17
+/- Realized Gain/Loss $0.00
- Security Transfers $0.00
+/- Net Accretion ($5,520.69)
($5,520.69)
Gain/Loss on Dispositions
- Principal Paydowns $8,081.93
Total Dispositions $405,226.88
Amortization/Accretion
+ Security Purchases $206,123.40
+ Money Market Fund Purchases $209,229.62
+ Money Market Contributions $0.00
- Security Withdrawals $0.00
$0.00
Acquisition
Dispositions
- Security Sales $0.00
- Money Market Fund Sales $206,197.78
+ Security Contributions $0.00
+ Security Transfers $0.00
Total Acquisitions $415,353.02
Ending Book Value $10,061,893.29
BOOK VALUE RECONCILIATION
Beginning Book Value $10,057,287.84
Interest from Calls/Redemption $0.00
Principal Paydown $8,081.93
Accrued Interest Paid $74.38
Calls/Redemption (Principal)$0.00
Withdrawals $947.17
Security Purchase $206,123.40
Total Acquisitions $209,229.62
Disposition
Principal on Maturities $190,000.00
Acquisition
Contributions $0.00
Interest on Maturities $0.00
Total Dispositions $207,144.95
Interest Received $11,146.96
Dividend Received $0.73
Security Sale Proceeds $0.00
Accrued Interest Received $0.00
Ending Book Value $13,386.62
CASH TRANSACTION SUMMARY
BEGINNING BALANCE $11,301.95
Reconciliation Summary
As of 7/31/2014
City of San Jacinto California
Account #10167
PACKET PAGE: 87AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 4
3133ECFV1 FFCB Note
0.43% Due 1/29/2016
225,000.00 02/21/2013
0.45 %
224,896.50
224,947.24
100.07
0.38 %
225,161.33
5.38
2.23 %
214.09
Aaa / AA+
AAA
1.50
1.49
3133XXP43 FHLB Note
3.125% Due 3/11/2016
270,000.00 06/14/2012
0.79 %
293,180.04
279,985.25
104.25
0.47 %
281,470.14
3,281.25
2.82 %
1,484.89
Aaa / AA+
AAA
1.61
1.56
3135G0BA0 FNMA Note
2.375% Due 4/11/2016
265,000.00 06/24/2014
0.44 %
274,147.80
273,658.24
103.22
0.46 %
273,538.83
1,923.09
2.73 %
(119.41)
Aaa / AA+
AAA
1.70
1.66
31331J2S1 FFCB Note
1.5% Due 11/16/2015
290,000.00 06/25/2012
0.57 %
299,065.40
293,456.28
101.53
0.31 %
294,436.13
906.25
2.92 %
979.85
Aaa / AA+
AAA
1.30
1.28
313371NW2 FHLB Note
1.375% Due 12/11/2015
225,000.00 11/16/2012
0.39 %
231,723.00
227,991.34
101.40
0.34 %
228,159.23
429.69
2.26 %
167.89
Aaa / AA+
AAA
1.36
1.35
31331VGU4 FFCB Note
4.875% Due 12/16/2015
250,000.00 06/12/2012
0.65 %
286,602.00
264,343.64
106.32
0.27 %
265,804.50
1,523.44
2.65 %
1,460.86
Aaa / AA+
AAA
1.38
1.34
3137EADC0 FHLMC Note
1% Due 3/8/2017
220,000.00 08/20/2012
0.86 %
221,392.60
220,796.97
100.15
0.94 %
220,338.58
873.89
2.19 %
(458.39)
Aaa / AA+
AAA
2.61
2.55
3135G0JA2 FNMA Note
1.125% Due 4/27/2017
235,000.00 03/14/2014
0.85 %
236,999.85
236,758.88
100.36
0.99 %
235,838.72
690.31
2.34 %
(920.16)
Aaa / AA+
AAA
2.74
2.68
3137EACT4 FHLMC Note
2.5% Due 5/27/2016
180,000.00 07/12/2012
0.61 %
193,012.20
186,119.60
103.61
0.51 %
186,499.44
800.00
1.85 %
379.84
Aaa / AA+
AAA
1.82
1.78
3137EACW7 FHLMC Note
2% Due 8/25/2016
190,000.00 06/14/2012
0.82 %
199,262.31
194,564.65
102.79
0.64 %
195,297.39
1,646.67
1.95 %
732.74
Aaa / AA+
AAA
2.07
2.01
3135G0GY3 FNMA Note
1.25% Due 1/30/2017
295,000.00 02/05/2014
0.72 %
299,587.25
298,845.88
100.89
0.89 %
297,626.68
10.24
2.95 %
(1,219.20)
Aaa / AA+
AAA
2.50
2.46
313370JB5 FHLB Note
1.75% Due 9/11/2015
275,000.00 01/11/2013
0.38 %
284,933.00
279,166.11
101.68
0.23 %
279,622.75
1,871.53
2.79 %
456.64
Aaa / AA+
AAA
1.12
1.10
3135G0KM4 FNMA Note
0.5% Due 5/27/2015
200,000.00 06/12/2012
0.53 %
199,828.00
199,952.29
100.28
0.16 %
200,554.80
177.78
1.99 %
602.51
Aaa / AA+
AAA
0.82
0.82
3133EADW5 FFCB Note
0.55% Due 8/17/2015
200,000.00 06/21/2013
0.48 %
200,310.00
200,150.84
100.41
0.16 %
200,822.60
501.11
1.99 %
671.76
Aaa / AA+
AAA
1.05
1.04
AGENCY
43814CAC3 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
121,000.00 12/17/2013
0.50 %
120,971.64
120,980.40
100.06
0.39 %
121,076.96
16.13
1.20 %
96.56
NR / AAA
AAA
2.31
0.74
47787RAC4 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
130,731.70 01/09/2014
0.50 %
130,772.54
130,763.64
100.03
0.46 %
130,771.44
30.79
1.29 %
7.80
Aaa / NR
AAA
1.96
0.42
161571FL3 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
125,000.00 04/25/2014
0.51 %
125,219.73
125,202.74
100.09
0.50 %
125,116.00
32.78
1.24 %
(86.74)
NR / AAA
AAA
3.04
1.02
43814GAC4 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
85,000.00 05/13/2014
0.78 %
84,989.78
84,990.45
99.95
0.81 %
84,960.99
23.63
0.84 %
(29.46)
Aaa / AAA
NR
3.64
1.75
Total ABS 461,731.70 0.56 %
461,953.69
461,937.23 0.52 %
461,925.39
103.33
4.57 %
(11.84)
Aaa / AAA
Aaa
2.65
0.91
ABS
Holdings Report
As of 7/31/14
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
PACKET PAGE: 88AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 5
191216AX8 Coca Cola Company Note
0.75% Due 3/13/2015
125,000.00 06/18/2012
0.63 %
125,421.25
125,094.83
100.31
0.25 %
125,383.63
359.38
1.24 %
288.80
Aa3 / AA
A+
0.62
0.61
713448BX5 Pepsico Inc. Note
0.75% Due 3/5/2015
125,000.00 06/05/2012
0.83 %
124,732.50
124,942.22
100.26
0.32 %
125,319.50
380.21
1.24 %
377.28
A1 / A-
A
0.59
0.59
94974BET3 Wells Fargo Corp Note
3.75% Due 10/1/2014
120,000.00 06/26/2012
1.27 %
126,600.00
120,488.59
100.54
0.50 %
120,647.52
1,500.00
1.21 %
158.93
A2 / A+
AA-
0.17
0.17
40428HPG1 HSBC USA Inc Note
2.375% Due 2/13/2015
125,000.00 06/26/2012
1.90 %
126,497.50
125,306.06
101.07
0.36 %
126,342.50
1,385.42
1.26 %
1,036.44
A2 / A+
AA-
0.54
0.53
US CORPORATE
31846V203 First American Govt Obligation Fund 13,386.62 Various
0.00 %
13,386.62
13,386.62
1.00
0.00 %
13,386.62
0.00
0.13 %
0.00
Aaa / AAA
NR
0.00
0.00
Total Money Market Fund FI 13,386.62 N/A
13,386.62
13,386.62 0.00 %
13,386.62
0.00
0.13 %
0.00
Aaa / AAA
NR
0.00
0.00
MONEY MARKET FUND FI
06538CKM2 Bank of Tokyo Mitsubishi NY Discount
CP
0.21% Due 10/21/2014
200,000.00 06/16/2014
0.21 %
199,853.00
199,905.50
99.95
0.21 %
199,905.50
0.00
1.98 %
0.00
P-1 / A-1
F-1
0.22
0.22
Total Commercial Paper 200,000.00 0.21 %
199,853.00
199,905.50 0.21 %
199,905.50
0.00
1.98 %
0.00
P-1 / A-1
F-1
0.22
0.22
COMMERCIAL PAPER
3135G0MZ3 FNMA Note
0.875% Due 8/28/2017
325,000.00 05/06/2013
0.73 %
326,956.50
326,395.90
99.32
1.10 %
322,795.85
1,208.59
3.21 %
(3,600.05)
Aaa / AA+
AAA
3.08
3.02
3137EADL0 FHLMC Note
1% Due 9/29/2017
200,000.00 11/14/2013
1.06 %
199,540.00
199,624.26
99.38
1.20 %
198,755.80
677.78
1.97 %
(868.46)
Aaa / AA+
AAA
3.17
3.09
313379DD8 FHLB Note
1% Due 6/21/2017
260,000.00 06/09/2014
0.93 %
260,566.80
260,540.18
99.93
1.02 %
259,829.44
288.89
2.57 %
(710.74)
Aaa / AA+
AAA
2.89
2.84
3137EADJ5 FHLMC Note
1% Due 7/28/2017
220,000.00 09/25/2013
1.17 %
218,563.40
218,879.45
99.78
1.07 %
219,521.06
18.33
2.17 %
641.61
Aaa / AA+
AAA
2.99
2.94
3135G0PQ0 FNMA Note
0.875% Due 10/26/2017
175,000.00 05/19/2014
1.05 %
173,962.25
174,022.61
98.43
1.37 %
172,247.95
404.08
1.71 %
(1,774.66)
Aaa / AA+
AAA
3.24
3.17
313378A43 FHLB Note
1.375% Due 3/9/2018
235,000.00 06/21/2013
1.54 %
233,211.65
233,630.11
99.87
1.41 %
234,691.21
1,274.55
2.34 %
1,061.10
Aaa / AA+
AAA
3.61
3.49
3137EADN6 FHLMC Note
0.75% Due 1/12/2018
210,000.00 07/28/2014
1.30 %
206,123.40
206,132.61
97.95
1.36 %
205,701.30
83.13
2.04 %
(431.31)
Aaa / AA+
AAA
3.45
3.38
Total Agency 4,945,000.00 0.76 %
5,063,863.95
4,999,962.33 0.72 %
4,998,713.73
18,595.98
49.67 %
(1,248.60)
Aaa / AA+
Aaa
2.17
2.13
AGENCY
Holdings Report
As of 7/31/14
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
PACKET PAGE: 89AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 6
912828TD2 US Treasury Note
0.25% Due 7/15/2015
200,000.00 10/15/2013
0.31 %
199,781.92
199,880.49
100.11
0.14 %
200,218.80
23.10
1.98 %
338.31
Aaa / AA+
AAA
0.96
0.96
912828UG3 US Treasury Note
0.375% Due 1/15/2016
200,000.00 01/22/2014
0.42 %
199,836.61
199,879.61
100.13
0.28 %
200,265.60
34.65
1.98 %
385.99
Aaa / AA+
AAA
1.46
1.45
912828NV8 US Treasury Note
1.25% Due 8/31/2015
195,000.00 06/06/2012
0.38 %
200,454.56
196,825.89
101.17
0.17 %
197,285.21
1,020.04
1.96 %
459.32
Aaa / AA+
AAA
1.08
1.07
912828PE4 US Treasury Note
1.25% Due 10/31/2015
195,000.00 06/07/2012
0.46 %
200,203.19
196,913.43
101.30
0.21 %
197,528.96
616.00
1.96 %
615.53
Aaa / AA+
AAA
1.25
1.24
912828QA1 US Treasury Note
2.25% Due 3/31/2016
195,000.00 12/14/2012
0.38 %
206,868.23
201,013.24
103.09
0.39 %
201,025.11
1,474.49
2.00 %
11.87
Aaa / AA+
AAA
1.67
1.63
US TREASURY
48126EAA5 JP Morgan Note
2% Due 8/15/2017
125,000.00 05/06/2013
1.35 %
128,341.25
127,378.95
101.34
1.55 %
126,679.00
1,152.78
1.27 %
(699.95)
A3 / A
A+
3.04
2.92
68389XAN5 Oracle Corp Note
1.2% Due 10/15/2017
200,000.00 08/13/2013
1.78 %
195,402.00
196,460.05
99.43
1.38 %
198,852.20
706.67
1.98 %
2,392.15
A1 / A+
A+
3.21
3.12
36962G4T8 General Electric Capital Corp Note
2.25% Due 11/9/2015
185,000.00 01/14/2014
0.48 %
190,903.35
189,152.89
102.07
0.61 %
188,832.83
948.13
1.88 %
(320.06)
A1 / AA+
NR
1.28
1.25
459200GU9 IBM Corp Note
2% Due 1/5/2016
120,000.00 06/05/2012
0.98 %
124,288.80
121,714.21
102.10
0.52 %
122,523.60
173.33
1.21 %
809.39
Aa3 / AA-
A+
1.43
1.41
037833AH3 Apple Inc Note
0.45% Due 5/3/2016
200,000.00 05/22/2013
0.54 %
199,466.00
199,680.40
99.84
0.54 %
199,676.60
220.00
1.98 %
(3.80)
Aa1 / AA+
NR
1.76
1.74
69371RK62 Paccar Financial Corp Note
1.05% Due 6/5/2015
150,000.00 01/10/2014
0.43 %
151,294.50
150,787.96
100.67
0.26 %
151,001.70
245.00
1.50 %
213.74
A1 / A+
NR
0.85
0.84
594918AG9 Microsoft Note
1.625% Due 9/25/2015
125,000.00 06/27/2012
0.65 %
128,893.75
126,382.40
101.52
0.30 %
126,898.50
710.94
1.26 %
516.10
Aaa / AAA
AA+
1.15
1.14
278642AB9 Ebay Inc Note
1.625% Due 10/15/2015
125,000.00 06/12/2012
0.91 %
127,943.75
126,064.30
101.35
0.50 %
126,690.00
598.09
1.26 %
625.70
A2 / A
A
1.21
1.19
742718DV8 Procter & Gamble Co Note
1.45% Due 8/15/2016
190,000.00 11/14/2012
0.71 %
195,156.60
192,814.41
101.41
0.75 %
192,678.43
1,270.36
1.92 %
(135.98)
Aa3 / AA-
NR
2.04
2.00
91159HHD5 US Bancorp Callable Note Cont
4/15/2017
1.65% Due 5/15/2017
125,000.00 05/19/2014
1.06 %
127,113.75
126,972.03
101.10
1.23 %
126,373.13
435.42
1.26 %
(598.90)
A1 / A+
AA-
2.79
2.64
674599CB9 Occidental Petroleum Note
1.75% Due 2/15/2017
120,000.00 01/11/2013
1.11 %
123,064.80
121,909.59
101.63
1.10 %
121,956.72
968.33
1.22 %
47.13
A1 / A
A
2.55
2.46
02665WAB7 American Honda Finance Note
1.125% Due 10/7/2016
125,000.00 03/05/2014
0.78 %
126,100.00
125,931.85
100.57
0.86 %
125,715.88
445.31
1.25 %
(215.97)
A1 / A+
NR
2.19
2.15
084670BD9 Berkshire Hathaway Note
1.9% Due 1/31/2017
200,000.00 08/13/2013
1.39 %
203,422.00
202,474.45
102.07
1.06 %
204,140.40
10.56
2.02 %
1,665.95
Aa2 / AA
A+
2.51
2.44
Total US Corporate 2,485,000.00 0.98 %
2,524,641.80
2,503,555.19 0.73 %
2,509,712.14
11,509.93
24.96 %
6,156.95
A1 / AA-
A+
1.71
1.67
US CORPORATE
Holdings Report
As of 7/31/14
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
PACKET PAGE: 90AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 7
912828RF9 US Treasury Note
1% Due 8/31/2016
215,000.00 10/12/2012
0.48 %
219,283.92
217,302.30
100.84
0.59 %
216,814.17
899.73
2.16 %
(488.13)
Aaa / AA+
AAA
2.09
2.05
912828RM4 US Treasury Note
1% Due 10/31/2016
250,000.00 03/14/2014
0.60 %
252,627.79
252,252.39
100.70
0.69 %
251,738.25
631.79
2.50 %
(514.14)
Aaa / AA+
AAA
2.25
2.22
912828SY7 US Treasury Note
0.625% Due 5/31/2017
210,000.00 07/25/2013
0.96 %
207,318.28
208,026.41
99.04
0.97 %
207,982.11
222.34
2.06 %
(44.30)
Aaa / AA+
AAA
2.84
2.80
912828SC5 US Treasury Note
0.875% Due 1/31/2017
210,000.00 02/26/2014
0.67 %
211,231.17
211,052.66
100.18
0.80 %
210,377.37
4.99
2.08 %
(675.29)
Aaa / AA+
AAA
2.51
2.47
Total US Treasury 1,870,000.00 0.52 %
1,897,605.67
1,883,146.42 0.48 %
1,883,235.58
4,927.13
18.69 %
89.16
Aaa / AA+
Aaa
1.81
1.79
US TREASURY
TOTAL PORTFOLIO 9,975,118.32 0.75 %
10,161,304.73
10,061,893.29 0.66 %
10,066,878.96
35,136.37
100.00 %
4,985.67
Aa1 / AA+
Aaa
1.97
1.85
TOTAL MARKET VALUE PLUS ACCRUED 10,102,015.33
Holdings Report
As of 7/31/14
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
PACKET PAGE: 91AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 8
Maturity 07/28/2014 3137EACD9 190,000.00 FHLMC Note
3% Due 7/28/2014
100.000 190,000.00 0.00 190,000.00 0.00
Paydown 07/15/2014 161571FL3 0.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
100.000 0.00 61.46 61.46 0.00
Paydown 07/21/2014 43814CAC3 0.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
100.000 0.00 48.40 48.40 0.00
Paydown 07/15/2014 47787RAC4 8,081.93 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
100.000 8,081.93 61.31 8,143.24 0.00
Paydown 07/18/2014 43814GAC4 0.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
100.000 0.00 54.54 54.54 0.00
Subtotal 8,081.93 8,081.93 225.71 8,307.64 0.00
Sale 07/29/2014 31846V203 206,197.78 First American Govt Obligation Fund 1.000 206,197.78 0.00 206,197.78 0.00
Subtotal 206,197.78 206,197.78 0.00 206,197.78 0.00
DISPOSITIONS
Purchase 07/15/2014 31846V203 61.46 First American Govt Obligation Fund 1.000 61.46 0.00 61.46 0.00
Purchase 07/18/2014 31846V203 54.54 First American Govt Obligation Fund 1.000 54.54 0.00 54.54 0.00
Purchase 07/15/2014 31846V203 8,143.24 First American Govt Obligation Fund 1.000 8,143.24 0.00 8,143.24 0.00
Purchase 07/15/2014 31846V203 625.00 First American Govt Obligation Fund 1.000 625.00 0.00 625.00 0.00
Purchase 07/21/2014 31846V203 48.40 First American Govt Obligation Fund 1.000 48.40 0.00 48.40 0.00
Purchase 07/01/2014 31846V203 0.73 First American Govt Obligation Fund 1.000 0.73 0.00 0.73 0.00
Purchase 07/05/2014 31846V203 1,200.00 First American Govt Obligation Fund 1.000 1,200.00 0.00 1,200.00 0.00
Purchase 07/31/2014 31846V203 2,818.75 First American Govt Obligation Fund 1.000 2,818.75 0.00 2,818.75 0.00
Purchase 07/29/2014 31846V203 483.75 First American Govt Obligation Fund 1.000 483.75 0.00 483.75 0.00
Purchase 07/30/2014 31846V203 1,843.75 First American Govt Obligation Fund 1.000 1,843.75 0.00 1,843.75 0.00
Purchase 07/29/2014 3137EADN6 210,000.00 FHLMC Note
0.75% Due 1/12/2018
98.154 1.30 %206,123.40 74.38 206,197.78 0.00
Purchase 07/28/2014 31846V203 3,950.00 First American Govt Obligation Fund 1.000 3,950.00 0.00 3,950.00 0.00
Purchase 07/28/2014 31846V203 190,000.00 First American Govt Obligation Fund 1.000 190,000.00 0.00 190,000.00 0.00
Subtotal 419,229.62 415,353.02 74.38 415,427.40 0.00
TOTAL ACQUISITIONS 419,229.62 415,353.02 74.38 415,427.40 0.00
ACQUISITIONS
Transaction Ledger
6/30/14 Thru 7/31/14
City of San Jacinto
Account #10167
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price
Acq/Disp
Yield Amount
Interest
Pur/Sold Total Amount Gain/Loss
PACKET PAGE: 92AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 9
Dividend 07/01/2014 31846V203 11,301.95 First American Govt Obligation Fund 0.000 0.73 0.00 0.73 0.00
Subtotal 11,301.95 0.73 0.00 0.73 0.00
Interest 07/28/2014 3137EADJ5 220,000.00 FHLMC Note
1% Due 7/28/2017
0.000 1,100.00 0.00 1,100.00 0.00
Interest 07/29/2014 3133ECFV1 225,000.00 FFCB Note
0.43% Due 1/29/2016
0.000 483.75 0.00 483.75 0.00
Interest 07/30/2014 3135G0GY3 295,000.00 FNMA Note
1.25% Due 1/30/2017
0.000 1,843.75 0.00 1,843.75 0.00
Interest 07/28/2014 3137EACD9 190,000.00 FHLMC Note
3% Due 7/28/2014
0.000 2,850.00 0.00 2,850.00 0.00
Interest 07/15/2014 912828UG3 200,000.00 US Treasury Note
0.375% Due 1/15/2016
0.000 375.00 0.00 375.00 0.00
Interest 07/05/2014 459200GU9 120,000.00 IBM Corp Note
2% Due 1/5/2016
0.000 1,200.00 0.00 1,200.00 0.00
Interest 07/15/2014 912828TD2 200,000.00 US Treasury Note
0.25% Due 7/15/2015
0.000 250.00 0.00 250.00 0.00
Interest 07/31/2014 912828SC5 210,000.00 US Treasury Note
0.875% Due 1/31/2017
0.000 918.75 0.00 918.75 0.00
Interest 07/31/2014 084670BD9 200,000.00 Berkshire Hathaway Note
1.9% Due 1/31/2017
0.000 1,900.00 0.00 1,900.00 0.00
Subtotal 1,860,000.00 10,921.25 0.00 10,921.25 0.00
TOTAL OTHER TRANSACTIONS 1,871,301.95 10,921.98 0.00 10,921.98 0.00
OTHER TRANSACTIONS
Security
Withdrawal
07/25/2014 31846V203 104.17 First American Govt Obligation Fund 1.000 104.17 0.00 104.17 0.00
Security
Withdrawal
07/03/2014 31846V203 843.00 First American Govt Obligation Fund 1.000 843.00 0.00 843.00 0.00
Subtotal 947.17 947.17 0.00 947.17 0.00
Subtotal 190,000.00 190,000.00 0.00 190,000.00 0.00
TOTAL DISPOSITIONS 405,226.88 405,226.88 225.71 405,452.59 0.00
DISPOSITIONS
Transaction Ledger
6/30/14 Thru 7/31/14
City of San Jacinto
Account #10167
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price
Acq/Disp
Yield Amount
Interest
Pur/Sold Total Amount Gain/Loss
PACKET PAGE: 93AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 10
313371NW2 FHLB
Note
1.375% Due 12/11/2015
11/16/2012
11/19/2012
225,000.00
228,177.93
0.00
0.00
227,991.34
171.88
0.00
429.69
257.81
0.00
186.59
(186.59)
71.22
0.00
71.22
313370JB5 FHLB
Note
1.75% Due 09/11/2015
01/11/2013
01/16/2013
275,000.00
279,484.22
0.00
0.00
279,166.11
1,470.49
0.00
1,871.53
401.04
0.00
318.11
(318.11)
82.93
0.00
82.93
31331VGU4 FFCB
Note
4.875% Due 12/16/2015
06/12/2012
06/13/2012
250,000.00
265,229.40
0.00
0.00
264,343.64
507.81
0.00
1,523.44
1,015.63
0.00
885.76
(885.76)
129.87
0.00
129.87
31331J2S1 FFCB
Note
1.5% Due 11/16/2015
06/25/2012
06/26/2012
290,000.00
293,683.28
0.00
0.00
293,456.28
543.75
0.00
906.25
362.50
0.00
227.00
(227.00)
135.50
0.00
135.50
278642AB9 Ebay Inc
Note
1.625% Due 10/15/2015
06/12/2012
06/15/2012
125,000.00
126,139.28
0.00
0.00
126,064.30
428.82
0.00
598.09
169.27
0.00
74.98
(74.98)
94.29
0.00
94.29
191216AX8 Coca Cola Company
Note
0.75% Due 03/13/2015
06/18/2012
06/21/2012
125,000.00
125,107.96
0.00
0.00
125,094.83
281.25
0.00
359.38
78.13
0.00
13.13
(13.13)
65.00
0.00
65.00
161571FL3 Chase CHAIT
Pool #2012-A5
0.59% Due 08/15/2017
04/25/2014
04/30/2014
125,000.00
125,208.41
0.00
0.00
125,202.74
32.78
61.46
32.78
61.46
0.00
5.67
(5.67)
55.79
0.00
55.79
084670BD9 Berkshire Hathaway
Note
1.9% Due 01/31/2017
08/13/2013
08/16/2013
200,000.00
202,558.38
0.00
0.00
202,474.45
1,593.89
1,900.00
10.56
316.67
0.00
83.93
(83.93)
232.74
0.00
232.74
037833AH3 Apple Inc
Note
0.45% Due 05/03/2016
05/22/2013
05/28/2013
200,000.00
199,664.94
0.00
0.00
199,680.40
145.00
0.00
220.00
75.00
15.46
0.00
15.46
90.46
0.00
90.46
02665WAB7 American Honda Finance
Note
1.125% Due 10/07/2016
03/05/2014
03/10/2014
125,000.00
125,968.05
0.00
0.00
125,931.85
328.13
0.00
445.31
117.18
0.00
36.20
(36.20)
80.98
0.00
80.98
Fixed Income
Income Earned
6/30/14 Thru 7/31/14
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Unreal G/L
Total Income
PACKET PAGE: 94AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 11
3135G0PQ0 FNMA
Note
0.875% Due 10/26/2017
05/19/2014
05/20/2014
175,000.00
173,996.98
0.00
0.00
174,022.61
276.48
0.00
404.08
127.60
25.63
0.00
25.63
153.23
0.00
153.23
3135G0MZ3 FNMA
Note
0.875% Due 08/28/2017
05/06/2013
05/07/2013
325,000.00
326,434.44
0.00
0.00
326,395.90
971.61
0.00
1,208.59
236.98
0.00
38.54
(38.54)
198.44
0.00
198.44
3135G0KM4 FNMA
Note
0.5% Due 05/27/2015
06/12/2012
06/13/2012
200,000.00
199,947.35
0.00
0.00
199,952.29
94.44
0.00
177.78
83.34
4.94
0.00
4.94
88.28
0.00
88.28
3135G0JA2 FNMA
Note
1.125% Due 04/27/2017
03/14/2014
03/17/2014
235,000.00
236,813.41
0.00
0.00
236,758.88
470.00
0.00
690.31
220.31
0.00
54.53
(54.53)
165.78
0.00
165.78
3135G0GY3 FNMA
Note
1.25% Due 01/30/2017
02/05/2014
02/06/2014
295,000.00
298,976.46
0.00
0.00
298,845.88
1,546.70
1,843.75
10.24
307.29
0.00
130.58
(130.58)
176.71
0.00
176.71
3135G0BA0 FNMA
Note
2.375% Due 04/11/2016
06/24/2014
06/27/2014
265,000.00
274,091.85
0.00
0.00
273,658.24
1,398.61
0.00
1,923.09
524.48
0.00
433.61
(433.61)
90.87
0.00
90.87
3133XXP43 FHLB
Note
3.125% Due 03/11/2016
06/14/2012
06/15/2012
270,000.00
280,511.68
0.00
0.00
279,985.25
2,578.13
0.00
3,281.25
703.12
0.00
526.43
(526.43)
176.69
0.00
176.69
3133ECFV1 FFCB
Note
0.43% Due 01/29/2016
02/21/2013
02/22/2013
225,000.00
224,944.24
0.00
0.00
224,947.24
408.50
483.75
5.38
80.63
3.00
0.00
3.00
83.63
0.00
83.63
3133EADW5 FFCB
Note
0.55% Due 08/17/2015
06/21/2013
06/25/2013
200,000.00
200,163.12
0.00
0.00
200,150.84
409.44
0.00
501.11
91.67
0.00
12.28
(12.28)
79.39
0.00
79.39
313379DD8 FHLB
Note
1% Due 06/21/2017
06/09/2014
06/10/2014
260,000.00
260,556.05
0.00
0.00
260,540.18
72.22
0.00
288.89
216.67
0.00
15.87
(15.87)
200.80
0.00
200.80
313378A43 FHLB
Note
1.375% Due 03/09/2018
06/21/2013
06/25/2013
235,000.00
233,597.84
0.00
0.00
233,630.11
1,005.28
0.00
1,274.55
269.27
32.27
0.00
32.27
301.54
0.00
301.54
Income Earned
6/30/14 Thru 7/31/14
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Unreal G/L
Total Income
PACKET PAGE: 95AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 12
43814GAC4 Honda Auto Receivables
2014-2 A3
0.77% Due 03/19/2018
05/13/2014
05/21/2014
85,000.00
84,990.16
0.00
0.00
84,990.45
23.63
54.54
23.63
54.54
0.29
0.00
0.29
54.83
0.00
54.83
43814CAC3 Honda Auto Receivables
2013-1 A3
0.48% Due 11/21/2016
12/17/2013
12/20/2013
121,000.00
120,979.19
0.00
0.00
120,980.40
16.13
48.40
16.13
48.40
1.21
0.00
1.21
49.61
0.00
49.61
40428HPG1 HSBC USA Inc
Note
2.375% Due 02/13/2015
06/26/2012
06/29/2012
125,000.00
125,354.47
0.00
0.00
125,306.06
1,138.02
0.00
1,385.42
247.40
0.00
48.41
(48.41)
198.99
0.00
198.99
36962G4T8 General Electric Capital Corp
Note
2.25% Due 11/09/2015
01/14/2014
01/17/2014
185,000.00
189,429.75
0.00
0.00
189,152.89
601.25
0.00
948.13
346.88
0.00
276.86
(276.86)
70.02
0.00
70.02
3137EADN6 FHLMC
Note
0.75% Due 01/12/2018
07/28/2014
07/29/2014
210,000.00
0.00
206,123.40
0.00
206,132.61
0.00
(74.38)
83.13
8.75
9.21
0.00
9.21
17.96
0.00
17.96
3137EADL0 FHLMC
Note
1% Due 09/29/2017
11/14/2013
11/15/2013
200,000.00
199,614.17
0.00
0.00
199,624.26
511.11
0.00
677.78
166.67
10.09
0.00
10.09
176.76
0.00
176.76
3137EADJ5 FHLMC
Note
1% Due 07/28/2017
09/25/2013
09/27/2013
220,000.00
218,847.64
0.00
0.00
218,879.45
935.00
1,100.00
18.33
183.33
31.81
0.00
31.81
215.14
0.00
215.14
3137EADC0 FHLMC
Note
1% Due 03/08/2017
08/20/2012
08/21/2012
220,000.00
220,822.98
0.00
0.00
220,796.97
690.56
0.00
873.89
183.33
0.00
26.01
(26.01)
157.32
0.00
157.32
3137EACW7 FHLMC
Note
2% Due 08/25/2016
06/14/2012
06/15/2012
190,000.00
194,752.07
0.00
0.00
194,564.65
1,330.00
0.00
1,646.67
316.67
0.00
187.42
(187.42)
129.25
0.00
129.25
3137EACT4 FHLMC
Note
2.5% Due 05/27/2016
07/12/2012
07/13/2012
180,000.00
186,404.87
0.00
0.00
186,119.60
425.00
0.00
800.00
375.00
0.00
285.27
(285.27)
89.73
0.00
89.73
3137EACD9 FHLMC
Note
Due 07/28/2014
06/22/2012
06/25/2012
0.00
190,363.99
0.00
190,000.00
0.00
2,422.50
2,850.00
0.00
427.50
0.00
363.99
(363.99)
63.51
0.00
63.51
Income Earned
6/30/14 Thru 7/31/14
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Unreal G/L
Total Income
PACKET PAGE: 96AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 13
912828NV8 US Treasury
Note
1.25% Due 08/31/2015
06/06/2012
06/07/2012
195,000.00
196,969.19
0.00
0.00
196,825.89
814.71
0.00
1,020.04
205.33
0.00
143.30
(143.30)
62.03
0.00
62.03
91159HHD5 US Bancorp
Callable Note Cont 4/15/2017
1.65% Due 05/15/2017
05/19/2014
05/22/2014
125,000.00
127,033.91
0.00
0.00
126,972.03
263.54
0.00
435.42
171.88
0.00
61.88
(61.88)
110.00
0.00
110.00
742718DV8 Procter & Gamble Co
Note
1.45% Due 08/15/2016
11/14/2012
11/19/2012
190,000.00
192,931.52
0.00
0.00
192,814.41
1,040.78
0.00
1,270.36
229.58
0.00
117.11
(117.11)
112.47
0.00
112.47
713448BX5 Pepsico Inc.
Note
0.75% Due 03/05/2015
06/05/2012
06/08/2012
125,000.00
124,933.93
0.00
0.00
124,942.22
302.08
0.00
380.21
78.13
8.29
0.00
8.29
86.42
0.00
86.42
69371RK62 Paccar Financial Corp
Note
1.05% Due 06/05/2015
01/10/2014
01/15/2014
150,000.00
150,867.26
0.00
0.00
150,787.96
113.75
0.00
245.00
131.25
0.00
79.30
(79.30)
51.95
0.00
51.95
68389XAN5 Oracle Corp
Note
1.2% Due 10/15/2017
08/13/2013
08/16/2013
200,000.00
196,366.34
0.00
0.00
196,460.05
506.67
0.00
706.67
200.00
93.71
0.00
93.71
293.71
0.00
293.71
674599CB9 Occidental Petroleum
Note
1.75% Due 02/15/2017
01/11/2013
01/16/2013
120,000.00
121,973.31
0.00
0.00
121,909.59
793.33
0.00
968.33
175.00
0.00
63.72
(63.72)
111.28
0.00
111.28
594918AG9 Microsoft
Note
1.625% Due 09/25/2015
06/27/2012
06/29/2012
125,000.00
126,484.43
0.00
0.00
126,382.40
541.67
0.00
710.94
169.27
0.00
102.03
(102.03)
67.24
0.00
67.24
48126EAA5 JP Morgan
Note
2% Due 08/15/2017
05/06/2013
05/09/2013
125,000.00
127,445.39
0.00
0.00
127,378.95
944.44
0.00
1,152.78
208.34
0.00
66.44
(66.44)
141.90
0.00
141.90
47787RAC4 John Deere Owner Trust
2012-B A3
0.53% Due 07/15/2016
01/09/2014
01/14/2014
130,731.70
138,849.02
0.00
8,081.93
130,763.64
32.70
61.31
30.79
59.40
0.00
3.45
(3.45)
55.95
0.00
55.95
459200GU9 IBM Corp
Note
2% Due 01/05/2016
06/05/2012
06/08/2012
120,000.00
121,816.01
0.00
0.00
121,714.21
1,173.33
1,200.00
173.33
200.00
0.00
101.80
(101.80)
98.20
0.00
98.20
Income Earned
6/30/14 Thru 7/31/14
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Unreal G/L
Total Income
PACKET PAGE: 97AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 14
94974BET3 Wells Fargo Corp
Note
3.75% Due 10/01/2014
06/26/2012
06/29/2012
120,000.00
120,736.89
0.00
0.00
120,488.59
1,125.00
0.00
1,500.00
375.00
0.00
248.30
(248.30)
126.70
0.00
126.70
912828UG3 US Treasury
Note
0.375% Due 01/15/2016
01/22/2014
01/23/2014
200,000.00
199,872.59
0.00
0.00
199,879.61
345.99
375.00
34.65
63.66
7.02
0.00
7.02
70.68
0.00
70.68
912828TD2 US Treasury
Note
0.25% Due 07/15/2015
10/15/2013
10/18/2013
200,000.00
199,869.84
0.00
0.00
199,880.49
230.66
250.00
23.10
42.44
10.65
0.00
10.65
53.09
0.00
53.09
912828SY7 US Treasury
Note
0.625% Due 05/31/2017
07/25/2013
07/26/2013
210,000.00
207,967.24
0.00
0.00
208,026.41
111.17
0.00
222.34
111.17
59.17
0.00
59.17
170.34
0.00
170.34
912828SC5 US Treasury
Note
0.875% Due 01/31/2017
02/26/2014
02/27/2014
210,000.00
211,088.36
0.00
0.00
211,052.66
766.47
918.75
4.99
157.27
0.00
35.70
(35.70)
121.57
0.00
121.57
912828RM4 US Treasury
Note
1% Due 10/31/2016
03/14/2014
03/17/2014
250,000.00
252,337.34
0.00
0.00
252,252.39
421.20
0.00
631.79
210.59
0.00
84.95
(84.95)
125.64
0.00
125.64
912828RF9 US Treasury
Note
1% Due 08/31/2016
10/12/2012
10/15/2012
215,000.00
217,396.09
0.00
0.00
217,302.30
718.61
0.00
899.73
181.12
0.00
93.79
(93.79)
87.33
0.00
87.33
912828QA1 US Treasury
Note
2.25% Due 03/31/2016
12/14/2012
12/17/2012
195,000.00
201,319.83
0.00
0.00
201,013.24
1,102.87
0.00
1,474.49
371.62
0.00
306.59
(306.59)
65.03
0.00
65.03
912828PE4 US Treasury
Note
1.25% Due 10/31/2015
06/07/2012
06/08/2012
195,000.00
197,043.51
0.00
0.00
196,913.43
410.67
0.00
616.00
205.33
0.00
130.08
(130.08)
75.25
0.00
75.25
TOTAL Fixed Income 9,761,731.70
9,846,116.56
206,123.40
198,081.93
9,848,601.17
34,588.05
11,072.58
35,136.37
11,620.90
312.75
5,869.61
(5,556.86)
6,064.04
0.00
6,064.04
Income Earned
6/30/14 Thru 7/31/14
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Unreal G/L
Total Income
PACKET PAGE: 98AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 15
31846V203 First American
Govt Obligation Fund Various
Various
13,386.62
11,301.95
209,229.62
207,144.95
13,386.62
0.00
0.73
0.00
0.73
0.00
0.00
0.00
0.73
0.00
0.73
06538CKM2 Bank of Tokyo Mitsubishi NY
Discount CP
0.21% Due 10/21/2014
06/16/2014
06/17/2014
200,000.00
199,869.33
0.00
0.00
199,905.50
0.00
0.00
0.00
0.00
36.17
0.00
36.17
36.17
0.00
36.17
TOTAL Cash & Equivalent 213,386.62
211,171.28
209,229.62
207,144.95
213,292.12
0.00
0.73
0.00
0.73
36.17
0.00
36.17
36.90
0.00
36.90
Cash & Equivalent
TOTAL PORTFOLIO 9,975,118.32
10,057,287.84
415,353.02
405,226.88
10,061,893.29
34,588.05
11,073.31
35,136.37
11,621.63
348.92
5,869.61
(5,520.69)
6,100.94
0.00
6,100.94
Income Earned
6/30/14 Thru 7/31/14
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Unreal G/L
Total Income
PACKET PAGE: 99AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 16
09/13/2014 Interest 191216AX8 125,000.00 Coca Cola Company Note
0.75% Due 3/13/2015
0.00 468.75 468.75
09/11/2014 Interest 3133XXP43 270,000.00 FHLB Note
3.125% Due 3/11/2016
0.00 4,218.75 4,218.75
09/09/2014 Interest 313378A43 235,000.00 FHLB Note
1.375% Due 3/9/2018
0.00 1,615.63 1,615.63
09/11/2014 Interest 313370JB5 275,000.00 FHLB Note
1.75% Due 9/11/2015
0.00 2,406.25 2,406.25
09/05/2014 Interest 713448BX5 125,000.00 Pepsico Inc. Note
0.75% Due 3/5/2015
0.00 468.75 468.75
09/08/2014 Interest 3137EADC0 220,000.00 FHLMC Note
1% Due 3/8/2017
0.00 1,100.00 1,100.00
Sep 2014 16,358.28 14,702.61 31,060.89
08/15/2014 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
08/15/2014 Paydown 47787RAC4 130,731.70 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
7,704.45 57.74 7,762.19
08/15/2014 Interest 742718DV8 190,000.00 Procter & Gamble Co Note
1.45% Due 8/15/2016
0.00 1,377.50 1,377.50
08/13/2014 Interest 40428HPG1 125,000.00 HSBC USA Inc Note
2.375% Due 2/13/2015
0.00 1,484.38 1,484.38
08/15/2014 Interest 674599CB9 120,000.00 Occidental Petroleum Note
1.75% Due 2/15/2017
0.00 1,050.00 1,050.00
08/15/2014 Interest 48126EAA5 125,000.00 JP Morgan Note
2% Due 8/15/2017
0.00 1,250.00 1,250.00
08/17/2014 Interest 3133EADW5 200,000.00 FFCB Note
0.55% Due 8/17/2015
0.00 550.00 550.00
08/28/2014 Interest 3135G0MZ3 325,000.00 FNMA Note
0.875% Due 8/28/2017
0.00 1,421.88 1,421.88
08/31/2014 Interest 912828RF9 215,000.00 US Treasury Note
1% Due 8/31/2016
0.00 1,075.00 1,075.00
08/31/2014 Interest 912828NV8 195,000.00 US Treasury Note
1.25% Due 8/31/2015
0.00 1,218.75 1,218.75
08/18/2014 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
08/21/2014 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
9,095.79 48.40 9,144.19
08/25/2014 Interest 3137EACW7 190,000.00 FHLMC Note
2% Due 8/25/2016
0.00 1,900.00 1,900.00
Aug 2014 16,800.24 11,549.65 28,349.89
Cash Flow Report
From 07/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 100AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 17
10/21/2014 Maturity 06538CKM2 200,000.00 Bank of Tokyo Mitsubishi NY Discount CP
0.21% Due 10/21/2014
200,000.00 0.00 200,000.00
10/21/2014 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
8,602.61 41.22 8,643.83
10/15/2014 Paydown 47787RAC4 130,731.70 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
7,313.44 51.02 7,364.46
10/18/2014 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
10/26/2014 Interest 3135G0PQ0 175,000.00 FNMA Note
0.875% Due 10/26/2017
0.00 765.63 765.63
10/27/2014 Interest 3135G0JA2 235,000.00 FNMA Note
1.125% Due 4/27/2017
0.00 1,321.88 1,321.88
10/11/2014 Interest 3135G0BA0 265,000.00 FNMA Note
2.375% Due 4/11/2016
0.00 3,146.88 3,146.88
10/07/2014 Interest 02665WAB7 125,000.00 American Honda Finance Note
1.125% Due 10/7/2016
0.00 703.13 703.13
10/01/2014 Maturity 94974BET3 120,000.00 Wells Fargo Corp Note
3.75% Due 10/1/2014
120,000.00 2,250.00 122,250.00
10/15/2014 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
10/15/2014 Interest 68389XAN5 200,000.00 Oracle Corp Note
1.2% Due 10/15/2017
0.00 1,200.00 1,200.00
10/15/2014 Interest 278642AB9 125,000.00 Ebay Inc Note
1.625% Due 10/15/2015
0.00 1,015.63 1,015.63
Oct 2014 335,916.05 13,080.14 348,996.19
09/18/2014 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
09/21/2014 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
8,849.28 44.76 8,894.04
09/15/2014 Paydown 47787RAC4 130,731.70 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
7,509.00 54.34 7,563.34
09/15/2014 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
09/30/2014 Interest 912828QA1 195,000.00 US Treasury Note
2.25% Due 3/31/2016
0.00 2,193.75 2,193.75
09/29/2014 Interest 3137EADL0 200,000.00 FHLMC Note
1% Due 9/29/2017
0.00 1,000.00 1,000.00
09/25/2014 Interest 594918AG9 125,000.00 Microsoft Note
1.625% Due 9/25/2015
0.00 1,015.63 1,015.63
Sep 2014 16,358.28 14,702.61 31,060.89
Cash Flow Report
From 07/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 101AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 18
12/15/2014 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
12/15/2014 Paydown 47787RAC4 130,731.70 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
6,921.97 44.65 6,966.62
12/05/2014 Interest 69371RK62 150,000.00 Paccar Financial Corp Note
1.05% Due 6/5/2015
0.00 787.50 787.50
12/11/2014 Interest 313371NW2 225,000.00 FHLB Note
1.375% Due 12/11/2015
0.00 1,546.88 1,546.88
12/16/2014 Interest 31331VGU4 250,000.00 FFCB Note
4.875% Due 12/16/2015
0.00 6,093.75 6,093.75
Dec 2014 15,030.79 9,923.22 24,954.01
11/03/2014 Interest 037833AH3 200,000.00 Apple Inc Note
0.45% Due 5/3/2016
0.00 450.00 450.00
11/15/2014 Paydown 47787RAC4 130,731.70 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
7,117.77 47.79 7,165.56
11/15/2014 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
11/09/2014 Interest 36962G4T8 185,000.00 General Electric Capital Corp Note
2.25% Due 11/9/2015
0.00 2,081.25 2,081.25
11/15/2014 Interest 91159HHD5 125,000.00 US Bancorp Callable Note Cont 4/15/2017
1.65% Due 5/15/2017
0.00 1,031.25 1,031.25
11/16/2014 Interest 31331J2S1 290,000.00 FFCB Note
1.5% Due 11/16/2015
0.00 2,175.00 2,175.00
11/27/2014 Interest 3137EACT4 180,000.00 FHLMC Note
2.5% Due 5/27/2016
0.00 2,250.00 2,250.00
11/30/2014 Interest 912828SY7 210,000.00 US Treasury Note
0.625% Due 5/31/2017
0.00 656.25 656.25
11/27/2014 Interest 3135G0KM4 200,000.00 FNMA Note
0.5% Due 5/27/2015
0.00 500.00 500.00
11/18/2014 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
11/21/2014 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
8,355.79 37.78 8,393.57
Nov 2014 15,473.56 9,345.32 24,818.88
10/31/2014 Interest 912828PE4 195,000.00 US Treasury Note
1.25% Due 10/31/2015
0.00 1,218.75 1,218.75
10/31/2014 Interest 912828RM4 250,000.00 US Treasury Note
1% Due 10/31/2016
0.00 1,250.00 1,250.00
Oct 2014 335,916.05 13,080.14 348,996.19
Cash Flow Report
From 07/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 102AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 19
02/13/2015 Maturity 40428HPG1 125,000.00 HSBC USA Inc Note
2.375% Due 2/13/2015
125,000.00 1,484.38 126,484.38
02/15/2015 Interest 48126EAA5 125,000.00 JP Morgan Note
2% Due 8/15/2017
0.00 1,250.00 1,250.00
Feb 2015 139,144.48 11,510.18 150,654.66
01/31/2015 Interest 912828SC5 210,000.00 US Treasury Note
0.875% Due 1/31/2017
0.00 918.75 918.75
01/31/2015 Interest 084670BD9 200,000.00 Berkshire Hathaway Note
1.9% Due 1/31/2017
0.00 1,900.00 1,900.00
01/30/2015 Interest 3135G0GY3 295,000.00 FNMA Note
1.25% Due 1/30/2017
0.00 1,843.75 1,843.75
01/15/2015 Interest 912828UG3 200,000.00 US Treasury Note
0.375% Due 1/15/2016
0.00 375.00 375.00
01/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
01/15/2015 Interest 912828TD2 200,000.00 US Treasury Note
0.25% Due 7/15/2015
0.00 250.00 250.00
01/05/2015 Interest 459200GU9 120,000.00 IBM Corp Note
2% Due 1/5/2016
0.00 1,200.00 1,200.00
01/12/2015 Interest 3137EADN6 210,000.00 FHLMC Note
0.75% Due 1/12/2018
0.00 787.50 787.50
01/15/2015 Paydown 47787RAC4 130,731.70 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
6,726.07 41.59 6,767.66
01/28/2015 Interest 3137EADJ5 220,000.00 FHLMC Note
1% Due 7/28/2017
0.00 1,100.00 1,100.00
01/29/2015 Interest 3133ECFV1 225,000.00 FFCB Note
0.43% Due 1/29/2016
0.00 483.75 483.75
01/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
7,861.69 31.20 7,892.89
01/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
Jan 2015 14,587.76 9,047.54 23,635.30
12/21/2014 Interest 313379DD8 260,000.00 FHLB Note
1% Due 6/21/2017
0.00 1,300.00 1,300.00
12/21/2014 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
8,108.82 34.44 8,143.26
12/18/2014 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
Dec 2014 15,030.79 9,923.22 24,954.01
Cash Flow Report
From 07/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 103AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 20
03/15/2015 Paydown 47787RAC4 130,731.70 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
6,333.92 35.73 6,369.65
03/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
03/13/2015 Maturity 191216AX8 125,000.00 Coca Cola Company Note
0.75% Due 3/13/2015
125,000.00 468.75 125,468.75
03/11/2015 Interest 3133XXP43 270,000.00 FHLB Note
3.125% Due 3/11/2016
0.00 4,218.75 4,218.75
03/11/2015 Interest 313370JB5 275,000.00 FHLB Note
1.75% Due 9/11/2015
0.00 2,406.25 2,406.25
03/09/2015 Interest 313378A43 235,000.00 FHLB Note
1.375% Due 3/9/2018
0.00 1,615.63 1,615.63
03/05/2015 Maturity 713448BX5 125,000.00 Pepsico Inc. Note
0.75% Due 3/5/2015
125,000.00 468.75 125,468.75
03/08/2015 Interest 3137EADC0 220,000.00 FHLMC Note
1% Due 3/8/2017
0.00 1,100.00 1,100.00
Mar 2015 263,700.94 14,664.24 278,365.18
02/15/2015 Paydown 47787RAC4 130,731.70 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
6,530.05 38.62 6,568.67
02/17/2015 Interest 3133EADW5 200,000.00 FFCB Note
0.55% Due 8/17/2015
0.00 550.00 550.00
02/15/2015 Interest 674599CB9 120,000.00 Occidental Petroleum Note
1.75% Due 2/15/2017
0.00 1,050.00 1,050.00
02/15/2015 Interest 742718DV8 190,000.00 Procter & Gamble Co Note
1.45% Due 8/15/2016
0.00 1,377.50 1,377.50
02/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
02/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
02/28/2015 Interest 3135G0MZ3 325,000.00 FNMA Note
0.875% Due 8/28/2017
0.00 1,421.88 1,421.88
02/28/2015 Interest 912828RF9 215,000.00 US Treasury Note
1% Due 8/31/2016
0.00 1,075.00 1,075.00
02/28/2015 Interest 912828NV8 195,000.00 US Treasury Note
1.25% Due 8/31/2015
0.00 1,218.75 1,218.75
02/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
7,614.43 28.05 7,642.48
02/25/2015 Interest 3137EACW7 190,000.00 FHLMC Note
2% Due 8/25/2016
0.00 1,900.00 1,900.00
Feb 2015 139,144.48 11,510.18 150,654.66
Cash Flow Report
From 07/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 104AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 21
05/03/2015 Interest 037833AH3 200,000.00 Apple Inc Note
0.45% Due 5/3/2016
0.00 450.00 450.00
May 2015 212,813.03 9,309.19 222,122.22
04/27/2015 Interest 3135G0JA2 235,000.00 FNMA Note
1.125% Due 4/27/2017
0.00 1,321.88 1,321.88
04/30/2015 Interest 912828PE4 195,000.00 US Treasury Note
1.25% Due 10/31/2015
0.00 1,218.75 1,218.75
04/30/2015 Interest 912828RM4 250,000.00 US Treasury Note
1% Due 10/31/2016
0.00 1,250.00 1,250.00
04/15/2015 Interest 68389XAN5 200,000.00 Oracle Corp Note
1.2% Due 10/15/2017
0.00 1,200.00 1,200.00
04/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
04/15/2015 Interest 278642AB9 125,000.00 Ebay Inc Note
1.625% Due 10/15/2015
0.00 1,015.63 1,015.63
04/07/2015 Interest 02665WAB7 125,000.00 American Honda Finance Note
1.125% Due 10/7/2016
0.00 703.13 703.13
04/11/2015 Interest 3135G0BA0 265,000.00 FNMA Note
2.375% Due 4/11/2016
0.00 3,146.88 3,146.88
04/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
7,119.44 22.06 7,141.50
04/26/2015 Interest 3135G0PQ0 175,000.00 FNMA Note
0.875% Due 10/26/2017
0.00 765.63 765.63
04/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
04/15/2015 Paydown 47787RAC4 130,731.70 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
6,137.67 32.94 6,170.61
Apr 2015 13,257.11 10,792.90 24,050.01
03/25/2015 Interest 594918AG9 125,000.00 Microsoft Note
1.625% Due 9/25/2015
0.00 1,015.63 1,015.63
03/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
7,367.02 25.00 7,392.02
03/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
03/31/2015 Interest 912828QA1 195,000.00 US Treasury Note
2.25% Due 3/31/2016
0.00 2,193.75 2,193.75
03/29/2015 Interest 3137EADL0 200,000.00 FHLMC Note
1% Due 9/29/2017
0.00 1,000.00 1,000.00
Mar 2015 263,700.94 14,664.24 278,365.18
Cash Flow Report
From 07/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 105AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 22
06/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
06/16/2015 Interest 31331VGU4 250,000.00 FFCB Note
4.875% Due 12/16/2015
0.00 6,093.75 6,093.75
06/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
6,623.86 16.46 6,640.32
06/21/2015 Interest 313379DD8 260,000.00 FHLB Note
1% Due 6/21/2017
0.00 1,300.00 1,300.00
06/15/2015 Paydown 47787RAC4 130,731.70 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
5,744.83 27.60 5,772.43
06/05/2015 Maturity 69371RK62 150,000.00 Paccar Financial Corp Note
1.05% Due 6/5/2015
150,000.00 787.50 150,787.50
06/11/2015 Interest 313371NW2 225,000.00 FHLB Note
1.375% Due 12/11/2015
0.00 1,546.88 1,546.88
06/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
Jun 2015 162,368.69 9,888.19 172,256.88
05/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
05/16/2015 Interest 31331J2S1 290,000.00 FFCB Note
1.5% Due 11/16/2015
0.00 2,175.00 2,175.00
05/15/2015 Paydown 47787RAC4 130,731.70 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
5,941.30 30.23 5,971.53
05/09/2015 Interest 36962G4T8 185,000.00 General Electric Capital Corp Note
2.25% Due 11/9/2015
0.00 2,081.25 2,081.25
05/15/2015 Interest 91159HHD5 125,000.00 US Bancorp Callable Note Cont 4/15/2017
1.65% Due 5/15/2017
0.00 1,031.25 1,031.25
05/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
05/27/2015 Maturity 3135G0KM4 200,000.00 FNMA Note
0.5% Due 5/27/2015
200,000.00 500.00 200,500.00
05/31/2015 Interest 912828SY7 210,000.00 US Treasury Note
0.625% Due 5/31/2017
0.00 656.25 656.25
05/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
6,871.73 19.21 6,890.94
05/27/2015 Interest 3137EACT4 180,000.00 FHLMC Note
2.5% Due 5/27/2016
0.00 2,250.00 2,250.00
May 2015 212,813.03 9,309.19 222,122.22
Cash Flow Report
From 07/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 106AGENDA ITEM 3A.7
Execution Time: 8/4/2014 12:18:51 PMChandler Asset Management - CONFIDENTIAL Page 23
07/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
6,375.85 13.81 6,389.66
07/31/2015 Interest 084670BD9 200,000.00 Berkshire Hathaway Note
1.9% Due 1/31/2017
0.00 1,900.00 1,900.00
07/15/2015 Paydown 47787RAC4 130,731.70 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
5,548.23 25.07 5,573.30
07/28/2015 Interest 3137EADJ5 220,000.00 FHLMC Note
1% Due 7/28/2017
0.00 1,100.00 1,100.00
07/31/2015 Interest 912828SC5 210,000.00 US Treasury Note
0.875% Due 1/31/2017
0.00 918.75 918.75
07/30/2015 Interest 3135G0GY3 295,000.00 FNMA Note
1.25% Due 1/30/2017
0.00 1,843.75 1,843.75
07/29/2015 Interest 3133ECFV1 225,000.00 FFCB Note
0.43% Due 1/29/2016
0.00 483.75 483.75
07/12/2015 Interest 3137EADN6 210,000.00 FHLMC Note
0.75% Due 1/12/2018
0.00 787.50 787.50
07/05/2015 Interest 459200GU9 120,000.00 IBM Corp Note
2% Due 1/5/2016
0.00 1,200.00 1,200.00
07/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
07/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
07/15/2015 Maturity 912828TD2 200,000.00 US Treasury Note
0.25% Due 7/15/2015
200,000.00 250.00 200,250.00
07/15/2015 Interest 912828UG3 200,000.00 US Treasury Note
0.375% Due 1/15/2016
0.00 375.00 375.00
Jul 2015 211,924.08 9,013.63 220,937.71
Total 1,417,375.01 132,826.81 1,550,201.82
Cash Flow Report
From 07/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 107AGENDA ITEM 3A.7
City of San Jacinto
Monthly Portfolio ReportMonthly Portfolio Report
July 31, 2014PACKET PAGE: 108AGENDA ITEM 3A.7
CITY OF SAN JACINTO MONTHLY PORTFOLIO REPORT
JULY 31, 2014
PORTFOLIO SUMMARY INFORMATION SECTOR & CREDIT QUALITY DISTRIBUTION
Total Par Value 9,888,494
Market Value 10,046,438.33
Accrued Interest 35,691.69
Total Market Value 10,082,130.02
Amortized Book Value 10,051,166.64
Net Unrealized Gain/Loss -4,728.31
Effective Maturity 1.91
Effective Duration 1.88
Average Coupon 1.716%
Average Yield on Cost 0.630%
Average Yield on Market 0.658%
Average S&P Rating AA
Sector (U.S.) MVw/o Acc
Cash & Equivalents 83,494.22
U.S. Treasuries 7,783,193.98
Corporates 2,179,750.13
0.8%
21.7%
COUPON DISTRIBUTION
Coupon % MVw/o Acc Average Coupon
0% - 1% 2,211,420.23 0.842%
1% - 2% 3,300,682.58 1.256%
2% - 3% 3,993,611.43 2.296%
3% - 4% 383,299.25 3.460%
4% - 5%
5% - 6% 157,424.84 5.125%
6% - 7%
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
0%-1%1%-2%2%-3%3%-4%4%-5%5%-6%6%-7%$(000)MVw/oAcc
77.5%
Cash& Equivalents U.S.Treasuries Corporates
S&P Quality MVw/o Acc
AAA 83,494.22
AA 9,173,839.52
A 538,979.59
Below A 250,125.00
0.8%
91.3%
5.4%2.5%
AAA AA A BelowAPACKET PAGE: 109AGENDA ITEM 3A.7
CITY OF SAN JACINTO MONTHLY PORTFOLIO REPORT
JULY 31, 2014
MATURITY DISTRIBUTION
Maturity(Yrs) MVw/o Acc
0.00 - 0.49 367,143.56
0.50 - 0.99 512,405.00
1.00 - 1.49 1,076,404.59
1.50 - 1.99 3,081,339.41
2.00 - 2.49 2,832,825.06
2.50 - 2.99 2,176,320.71
3.00 - 3.49 0.00
3.50 - 3.99 0.00
4.00 - 4.49 0.00
4.50 - 4.99 0.00
5.00+0.00
500
1,000
1,500
2,000
2,500
3,000
3,500
$(000)MVw/oAcc
DURATION & YIELD DISTRIBUTION
5.00+0.00 0
0.00-0.490.50-0.991.00-1.491.50-1.992.00-2.492.50-2.993.00-3.493.50-3.994.00-4.494.50-4.995.00+Eff Dur % Held (MV) YTW Eff Dur
0.00 - 0.49 3.654% 0.596% 0.16
0.50 - 0.99 5.100% 0.369% 0.88
1.00 - 1.49 18.366% 0.750% 1.34
1.50 - 1.99 27.988% 0.455% 1.77
2.00 - 2.49 25.721% 0.692% 2.24
2.50 - 2.99 19.170% 0.909% 2.65
3.00 - 3.49
3.50 - 3.99
4.00 - 4.49
4.50 - 4.99
5.00+
0.00%
0.10%
0.20%
0.30%
0.40%
0.50%
0.60%
0.70%
0.80%
0.90%
1.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%0.00-0.490.50-0.991.00-1.491.50-1.992.00-2.492.50-2.993.00-3.493.50-3.994.00-4.494.50-4.995.00+Yield(%)MarketValuePercentage(%)EffectiveDuration Bucket
%of Market Value (Left Axis)
PortfolioYield(RightAxis)PACKET PAGE: 110AGENDA ITEM 3A.7
CITY OF SAN JACINTO MONTHLY PORTFOLIO REPORT
JULY 31, 2014
PORTFOLIO HOLDINGS
Purchase Original Yield Amortized Market Market Value Accrued Market Value Yield Gain/ Moody's S&P Effective Effective % Market
CUSIP Issuer Name Coupon Maturity Par Value Date Cost Value on Cost Book Value Price w/o Accrued Interest w/ Accrued on Market Loss Rating Rating Maturity Duration Value
Cash & Equivalents
FGVXX First American Government Obligations - Class Y 0.010% 08/01/14 83,494 83,494.22 0.010% 83,494.22 100.000 83,494.22 1.06 83,495.28 0.010% 0.00 Aaa AAA 0.00 0.00 0.83%
Total Cash & Equivalents 83,494 83,494.22 0.010% 83,494.22 83,494.22 1.06 83,495.28 0.010% 0.00 Aaa AAA 0.00 0.00 0.83%
U.S. TreasuryBonds
912828PS3 US Treasury Notes/Bonds 2.000% 01/31/16 450,000 05/02/13 471,199.22 0.272% 461,636.79 102.539 461,425.95 24.46 461,450.41 0.302% -210.84 Aaa AA+ 1.50 1.49 4.59%
912828QJ2 US Treasury Notes/Bonds 2.125% 02/29/16 450,000 06/04/13 470,847.66 0.419% 462,082.30 102.801 462,603.60 4,001.70 466,605.30 0.351% 521.30 Aaa AA+ 1.58 1.55 4.60%
912828QA1 US Treasury Notes/Bonds 2.250% 03/31/16 430,000 04/04/13 454,691.41 0.311% 443,826.52 103.090 443,286.14 3,251.43 446,537.57 0.388% -540.38 Aaa AA+ 1.67 1.63 4.41%
912828QF0 US Treasury Notes/Bonds 2.000% 04/30/16 450,000 06/04/13 469,775.39 0.472% 461,946.24 102.727 462,269.70 2,274.46 464,544.16 0.434% 323.46 Aaa AA+ 1.75 1.72 4.60%
912828QP8 US Treasury Notes/Bonds 1.750% 05/31/16 475,000 12/03/13 490,864.26 0.399% 486,703.79 102.336 486,095.52 1,408.13 487,503.65 0.469% -608.27 Aaa AA+ 1.83 1.81 4.84%
912828QR4 US Treasury Notes/Bonds 1.500% 06/30/16 450,000 10/02/13 461,636.72 0.548% 458,144.34 101.859 458,367.30 586.96 458,954.26 0.523% 222.96 Aaa AA+ 1.92 1.89 4.56%
912828QX1 US Treasury Notes/Bonds 1.500% 07/31/16 490,000 08/02/13 503,092.19 0.595% 498,793.87 101.875 499,187.50 19.97 499,207.47 0.556% 393.63 Aaa AA+ 2.00 1.97 4.97%
912828RF9 US Treasury Notes/Bonds 1.000% 08/31/16 470,000 09/04/13 471,615.63 0.883% 471,132.45 100.844 473,965.86 1,966.85 475,932.71 0.592% 2,833.41 Aaa AA+ 2.08 2.06 4.72%
912828RJ1 US Treasury Notes/Bonds 1.000% 09/30/16 250,000 11/04/13 253,076.17 0.571% 252,302.50 100.766 251,914.00 840.16 252,754.16 0.644% -388.50 Aaa AA+ 2.17 2.14 2.51%
912828RJ1 US Treasury Notes/Bonds 1.000% 09/30/16 225,000 03/04/14 227,645.51 0.538% 227,230.97 100.766 226,722.60 756.15 227,478.75 0.644% -508.37 Aaa AA+ 2.17 2.14 2.26%
912828RM4 US Treasury Notes/Bonds 1.000%10/31/16 450,000 01/06/14 453,515.63 0.719%452,819.53 100.695 453,128.85 1,137.23 454,266.08 0.688%309.32 Aaa AA+2.25 2.22 4.51%912828RM4 US Treasury Notes/Bonds 1.000%10/31/16 450,000 01/06/14 453,515.63 0.719%452,819.53 100.695 453,128.85 1,137.23 454,266.08 0.688%309.32 Aaa AA+2.25 2.22 4.51%
912828RU6 US Treasury Notes/Bonds 0.875% 11/30/16 475,000 12/03/13 479,286.13 0.570% 478,353.42 100.375 476,781.25 704.06 477,485.31 0.713% -1,572.17 Aaa AA+ 2.33 2.31 4.75%
912828RX0 US Treasury Notes/Bonds 0.875% 12/31/16 450,000 02/03/14 453,251.95 0.623% 452,713.02 100.250 451,125.00 342.39 451,467.39 0.770% -1,588.02 Aaa AA+ 2.42 2.39 4.49%
912828SC5 US Treasury Notes/Bonds 0.875% 01/31/17 250,000 03/04/14 251,445.31 0.674% 251,245.58 100.180 250,449.22 5.94 250,455.16 0.802% -796.36 Aaa AA+ 2.50 2.47 2.49%
912828SJ0 US Treasury Notes/Bonds 0.875% 02/28/17 500,000 04/02/14 499,472.66 0.912% 499,531.11 100.055 500,273.44 1,830.84 502,104.28 0.854% 742.33 Aaa AA+ 2.58 2.54 4.98%
912828SM3 US Treasury Notes/Bonds 1.000% 03/31/17 450,000 05/02/14 451,828.13 0.858% 451,679.79 100.289 451,300.95 1,512.30 452,813.25 0.890% -378.84 Aaa AA+ 2.67 2.62 4.49%
912828SS0 US Treasury Notes/Bonds 0.875% 04/30/17 450,000 06/04/14 450,808.60 0.812% 450,766.32 99.844 449,297.10 995.07 450,292.17 0.933% -1,469.22 Aaa AA+ 2.75 2.70 4.47%
912828NG1 US Treasury Notes/Bonds 2.750% 05/31/17 500,000 07/02/14 526,484.38 0.895% 525,867.05 105.000 525,000.00 2,329.23 527,329.23 0.957% -867.05 Aaa AA+ 2.83 2.72 5.23%
Total U.S. TreasuryBonds 7,665,000 7,840,536.95 0.620% 7,786,775.59 7,783,193.98 23,987.33 7,807,181.31 0.637% -3,581.61 Aaa AA+ 2.16 2.13 77.47%
Corporate Bonds
0258M0CZ0 American Express Credit Corp 5.125% 08/25/14 157,000 11/13/12 169,465.80 0.620% 157,464.83 100.271 157,424.84 3,486.71 160,911.55 0.998% -39.99 A2 A- 0.08 0.07 1.57%
824348AN6 Sherwin-Williams Co 3.125% 12/15/14 125,000 11/13/12 131,810.00 0.490% 126,225.32 100.980 126,224.50 499.13 126,723.63 0.483% -0.82 A3 A- 0.42 0.37 1.26%
372917AQ7 Genzyme Corp 3.625% 06/15/15 250,000 10/26/12 269,797.50 0.577% 256,611.71 102.830 257,074.75 1,157.99 258,232.74 0.371% 463.04 A1 AA 0.92 0.86 2.56%
14912L4M0 Caterpillar Fin Serv Crp 2.750% 06/24/15 250,000 10/26/12 263,980.00 0.616% 254,757.88 102.132 255,330.25 706.60 256,036.85 0.366% 572.37 A2 A 0.92 0.89 2.54%
24702RAL5 Dell Inc 2.300% 09/10/15 250,000 10/26/12 260,307.50 0.836% 254,027.90 100.050 250,125.00 2,252.08 252,377.08 2.247% -3,902.90 B1 B+ 1.08 1.08 2.49%
36962G4T8 General Electric Capital Corp 2.250% 11/09/15 450,000 10/25/12 467,185.50 0.966% 457,293.11 102.072 459,323.10 2,306.25 461,629.35 0.611% 2,029.99 A1 AA+ 1.25 1.26 4.57%
78008KBS1 Royal Bank of Canada 2.625% 12/15/15 250,000 10/25/12 264,480.00 0.746% 256,399.58 102.674 256,685.25 838.54 257,523.79 0.662% 285.67 Aa3 AA- 1.42 1.35 2.55%
459200GU9 IBMCorp 2.000% 01/05/16 108,000 10/26/12 112,639.68 0.632% 110,097.61 102.103 110,271.24 156.00 110,427.24 0.519% 173.63 Aa3 AA- 1.42 1.41 1.10%
58933YAB1 Merck & Co Inc 2.250% 01/15/16 300,000 07/23/14 308,079.00 0.403% 308,018.89 102.430 307,291.20 300.00 307,591.20 0.570% -727.69 A2 AA 1.50 1.44 3.06%
Total Corporate Bonds 2,140,000 2,247,744.98 0.689% 2,180,896.83 2,179,750.13 11,703.30 2,191,453.43 0.758% -1,146.70 A2 A+ 1.08 1.05 21.70%
Portfolio Totals 1.716% 9,888,494 10,171,776.15 0.630% 10,051,166.64 101.597 10,046,438.33 35,691.69 10,082,130.02 0.658% -4,728.31 Aa1 AA 1.91 1.88 100%PACKET PAGE: 111AGENDA ITEM 3A.7
CITY OF SAN JACINTO MONTHLY PORTFOLIO REPORT
JULY 31, 2014
PORTFOLIO TRANSACTIONS
Trade Settle Unit Amortized Unit Sale/Purchased Total Cost/ Net
Date Date Quantity Security Coupon Maturity Par Value Cost Book Value Price Principal Accrued Interest Proceeds Gain/Loss
Purchases
07/02/14 07/07/14 500,000 US Treasury Notes/Bonds 2.750% 05/31/17 500,000 105.30 526,484.38 1,390.03 527,874.41
07/23/14 07/28/14 300,000 Merck & Co Inc 2.250% 01/15/16 300,000 102.69 308,079.00 243.75 308,322.75
Total Purchases 800,000 834,563.38 1,633.78 836,197.16
Sales
07/02/14 07/07/14 500,000 Federal Home Loan Mortgage Corporation 1.750% 09/10/15 500,000 101.60 508,006.26 101.76 508,804.40 2,843.75 511,648.15 798.14
Total Sales 500,000 508,006.26 508,804.40 2,843.75 511,648.15 798.14
Maturities
07/18/14 07/18/14 250,000 Target Corp 1.125% 07/18/14 250,000 100.00 250,000.00 100.00 250,000.00 1,406.25 251,406.25 0.00
Total Maturities 250,000 250,000.00 250,000.00 1,406.25 251,406.25 0.00PACKET PAGE: 112AGENDA ITEM 3A.7
CITY OF SAN JACINTO MONTHLY PORTFOLIO REPORT
JULY 31, 2014
PORTFOLIO INTEREST EARNINGS
Beginning Adjusted Ending
Security Accrued Purchased Sold Interest Earned Amortization/ Interest Accrued
Symbol Description Coupon Maturity Interest Interest Interest Received Interest Accretion Earned Interest
U.S. TreasuryBonds
912828PS3 US Treasury Notes/Bonds 2.000% 01/31/16 3,754.14 0.00 0.00 -4,500.00 770.31 -656.86 113.45 24.46
912828QJ2 US Treasury Notes/Bonds 2.125% 02/29/16 3,196.16 0.00 0.00 0.00 805.54 -646.87 158.66 4,001.70
912828QA1 US Treasury Notes/Bonds 2.250% 03/31/16 2,431.97 0.00 0.00 0.00 819.47 -703.04 116.43 3,251.43
912828QF0 US Treasury Notes/Bonds 2.000% 04/30/16 1,516.30 0.00 0.00 0.00 758.15 -577.95 180.20 2,274.46
912828QP8 US Treasury Notes/Bonds 1.750% 05/31/16 704.06 0.00 0.00 0.00 704.06 -540.26 163.81 1,408.13
912828QR4 US Treasury Notes/Bonds 1.500% 06/30/16 18.34 0.00 0.00 0.00 568.61 -359.22 209.40 586.96
912828QX1 US Treasury Notes/Bonds 1.500% 07/31/16 3,065.88 0.00 0.00 -3,675.00 629.09 -371.13 257.96 19.97
912828RF9 US Treasury Notes/Bonds 1.000% 08/31/16 1,570.92 0.00 0.00 0.00 395.92 -45.69 350.23 1,966.85
912828RJ1 US Treasury Notes/Bonds 1.000% 09/30/16 1,193.99 0.00 0.00 0.00 402.32 -176.56 225.76 1,596.31
912828RM4 US Treasury Notes/Bonds 1.000% 10/31/16 758.15 0.00 0.00 0.00 379.08 -105.44 273.63 1,137.23
912828RU6 US Treasury Notes/Bonds 0.875% 11/30/16 352.03 0.00 0.00 0.00 352.03 -121.18 230.86 704.06
912828RX0 US Treasury Notes/Bonds 0.875% 12/31/16 10.70 0.00 0.00 0.00 331.69 -94.51 237.18 342.39
912828SC5 US Treasury Notes/Bonds 0.875% 01/31/17 912.47 0.00 0.00 -1,093.75 187.23 -41.88 145.35 5.94
912828SJ0 US Treasury Notes/Bonds 0.875% 02/28/17 1,462.30 0.00 0.00 0.00 368.55 15.24 383.79 1,830.84
912828SM3 US Treasury Notes/Bonds 1.000% 03/31/17 1,131.15 0.00 0.00 0.00 381.15 -52.89 328.26 1,512.30
912828SS0 US Treasury Notes/Bonds 0.875% 04/30/17 663.38 0.00 0.00 0.00 331.69 -23.41 308.28 995.07
912828NG1 US Treasury Notes/Bonds 2.750% 05/31/17 0.00 1,390.03 0.00 0.00 939.20 -617.33 321.87 2,329.23
Total U.S. TreasuryBonds 22,741.94 1,390.03 0.00 -9,268.75 9,124.09 -5,118.98 4,005.12 23,987.33
Federal AgencyBonds
3137EACM9 Federal Home Loan Mortgage Corporation 1.750% 09/10/15 2,697.92 0.00 -2,843.75 0.00 145.83 -130.34 15.49 0.00
Total Federal AgencyBonds 2,697.92 0.00 -2,843.75 0.00 145.83 -130.34 15.49 0.00PACKET PAGE: 113AGENDA ITEM 3A.7
CITY OF SAN JACINTO MONTHLY PORTFOLIO REPORT
JULY 31, 2014
PORTFOLIO INTEREST EARNINGS (CONTINUED)
Beginning Adjusted Ending
Security Accrued Purchased Sold Interest Earned Amortization/ Interest Accrued
Symbol Description Coupon Maturity Interest Interest Interest Received Interest Accretion Earned Interest
Corporate Bonds
87612EAW6 Target Corp 1.125% 07/18/14 1,273.44 0.00 -1,406.25 0.00 132.81 -81.86 50.95 0.00
0258M0CZ0 American Express Credit Corp 5.125% 08/25/14 2,816.19 0.00 0.00 0.00 670.52 -600.13 70.39 3,486.71
824348AN6 Sherwin-Williams Co 3.125% 12/15/14 173.61 0.00 0.00 0.00 325.52 -278.99 46.53 499.13
372917AQ7 Genzyme Corp 3.625% 06/15/15 402.78 0.00 0.00 0.00 755.21 -642.76 112.45 1,157.99
14912L4M0 Caterpillar Fin Serv Crp 2.750% 06/24/15 133.68 0.00 0.00 0.00 572.92 -449.69 123.22 706.60
24702RAL5 Dell Inc 2.300% 09/10/15 1,772.92 0.00 0.00 0.00 479.17 -306.77 172.40 2,252.08
36962G4T8 General Electric Capital Corp 2.250% 11/09/15 1,462.50 0.00 0.00 0.00 843.75 -483.03 360.72 2,306.25
78008KBS1 Royal Bank of Canada 2.625%12/15/15 291.67 0.00 0.00 0.00 546.87 -393.83 153.04 838.5478008KBS1Royal Bank of Canada 2.625%12/15/15 291.67 0.00 0.00 0.00 546.87 -393.83 153.04 838.54
459200GU9 IBMCorp 2.000% 01/05/16 1,056.00 0.00 0.00 -1,080.00 180.00 -123.97 56.03 156.00
58933YAB1 Merck & Co Inc 2.250% 01/15/16 0.00 243.75 0.00 0.00 56.25 -60.11 -3.86 300.00
Total Corporate Bonds 9,382.79 243.75 -1,406.25 -1,080.00 4,563.02 -3,421.14 1,141.87 11,703.30
Cash & Equivalents
FGVXX First American Government Obligations - Class Y 0.010% 08/01/14 0.65 0.00 0.00 -0.65 1.06 0.00 1.06 1.06
Total Cash & Equivalents 0.65 0.00 0.00 -0.65 1.06 0.00 1.06 1.06
Portfolio Totals 34,823.30 1,633.78 -4,250.00 -10,349.40 13,834.00 -8,670.46 5,163.54 35,691.69PACKET PAGE: 114AGENDA ITEM 3A.7
CITY OF SAN JACINTO MONTHLY PORTFOLIO REPORT
JULY 31, 2014
PORTFOLIO CASH LEDGER
Trade Settle
Date Date Activity Description Amount
Cash
07/01/14 Beginning Balance 0.00
07/01/14 Addition to Portfolio 0.65
07/02/14 Withdrawal from Portfolio -0.65
07/31/14 Ending Balance 0.00
First American Government Obligations - Class Y
07/01/14 Beginning Balance 146,391.75
07/02/14 07/02/14 Transfer from MMF Dividend 0.65
07/02/14 07/07/14 Sale Federal Home Loan Mortgage Corporation 508,804.40
07/02/14 07/07/14 Purchase US Treasury Notes/Bonds -526,484.38
07/02/14 07/07/14 Accrued Interest Federal Home Loan Mortgage Corporation 2,843.75
07/02/14 07/07/14 Accrued Interest US Treasury Notes/Bonds -1,390.03
07/07/14 07/07/14 Interest IBMCorp 1,080.00
07/18/14 07/18/14 Sale Target Corp 250,000.00
07/18/14 07/18/14 Accrued Interest Target Corp 1,406.25
07/23/14 07/28/14 Purchase Merck & Co Inc -308,079.00
07/23/14 07/28/14 Accrued Interest Merck & Co Inc -243.75
07/25/14 Withdrawal from Portfolio -104.17
07/31/14 07/31/14 Interest US Treasury Notes/Bonds 4,500.00
07/31/14 07/31/14 Interest US Treasury Notes/Bonds 3,675.00
07/31/14 07/31/14 Interest US Treasury Notes/Bonds 1,093.75
07/31/14 Ending Balance 83,494.22PACKET PAGE: 115AGENDA ITEM 3A.7
CITY OF SAN JACINTO MONTHLY PORTFOLIO REPORT
JULY 31, 2014
PORTFOLIO PERFORMANCE
Total Return Current Prior 3 Prior 12 Year to Inception 3-Years 5-Years 11/30/12
as of 07/31/2014 Month Months Months Date 11/30/12
City of San Jacinto -0.12 0.06 0.68 0.38 0.89 - - 0.53
BofAMerrill 1-3 Year Treasury -0.08 0.06 0.53 0.33 0.72 0.51 1.14 0.43
Average Annualized Returns
PACKET PAGE: 116AGENDA ITEM 3A.7
CITY OF SAN JACINTO MONTHLY PORTFOLIO REPORT
JULY 31, 2014
PORTFOLIO COMPLIANCE
Section Description Compliance Requirement BLXComment
IX. 2 U.S. Treasury No limitations Compliant
IX. 3 FederalAgency No limitations Compliant
IX. 7 CDARS 30% limitin combination of CD's (including CDARS); 5-year maturity limit Compliant
Issuer musthavelong-term debtrated A or higher and/or short-termdebt
IX. 5 Federally Insured Time
Deposits Limited to amounts covered under federalinsurance; 5-year maturity limit Compliant
IX. 6 TimeDeposits
Fully collateralized per CA law, 20% limitwhen combined with IX. 5; Issuer
musthavelong-termdebt rated A or higher or short-termdebtrated A1 or
higher by 2 NRSRO's, 5-year maturity limit
Compliant
IX. 1 MunicipalBonds Rated in 4 highestgeneralclassifications by nationally recognized rating
service; 5% issuer limitation Compliant
IX. 4 Bankers Acceptances Rated A1 or better and havelong termdebtrated A or better by 2 NRSRO's;
Maturity ≤ to 180 days, 40% total portfolio limit, 5% issuer limit Compliant
Section Description Compliance Requirement BLXComment
IX. 16 MutualFunds Authorized by CA GovernmentCodeSection 53601 Compliant
X.A.1 Futures and Options Prohibited Compliant
X.A.2 InverseFloaters, Range
Notes, and IO Strips Prohibited Compliant
IX. 14 Pass-Through Securities Issuer debtrated atleastA by 2 NRSRO; Mustberated in theAA category by
2 NRSRO's; 20% totalportfolio limit, 5-year maturity limit Compliant
IX. 15 Money MarketFunds
Registerd with SEC under 1940 Act, havehighestranking by 2 NRSRO's;
Retained advisor registered (or exemptfromregistration) with 5 years
experienceinvesting in securities authorized by CA 53601 and atleast$500
million of assets; 20% total portfolio limit, 10% per fund limit
Compliant
CorporateBonds
Corporations organized and operating in theU.S. or depository institutions
licensed by theU.S. or any stateand operating in theU.S.; Rated in theA
category or better by 2 NRSRO's, 5-year maturity limit; 30% totalportfolio
limit, 5% issuer limit
Compliance
Exception
Noted1
IX. 13
IX. 11 LAIF 70% totalportfolio limit, up to themaximumpermitted balance Compliant
IX. 12 LocalGovernment
InvestmentPools
RiversideCounty InvestmentFund limited to 70% of theportfolio; JPA Pools
limited to 50% of theportfolio Compliant
IX. 9 RepurchaseAgreements
Collateralized at102% in accordancewith policy; 1-year maturity limit, no %
portfolio limit, collateralheld by custodian bank; Subjectto master
repurchaseagreementsubstantially in SIFMA's form
Compliant
IX. 10 CommercialPaper
Issuer is organized and operating in theU.S. with assets of atleast$500
million; Issuer short-term ratings of A1 or higher and long-termratings of A
or higher by 2 NRSRO's; Maturity ≤ 270 days; 25% total portfolio limit; 5%
issuer limit
Compliant
IX. 8 NegotiableCD's
Issuer musthavelong-term debtrated A or higher and/or short-termdebt
rated A1 or higher by 2 NRSRO's; Maturity ≤to 5 years, 30% totalportfolio
limit, 5% issuer limit
Compliant X.A.3 PotentialZero Accruals Prohibited Compliant
X.A.5 Purchases on Margin Prohibited Compliant
X.A.6 ReverseRepos &
Leverage Prohibited Compliant
X.A.7 Foreign $ Securities Prohibited Compliant
X.B.2 SingleIssuer Limitation 5% issuer limitation, exceptU.S. Governmentand its agencies & enterprises Compliant
X.C.2 CallableSecurities 20% of totalportfolio (excluding MakeWholeCallsecurities) Compliant
X.C.3 MaximumMaturity Individualsecurity maturities limited to 5 years or less Compliant
X.A.2 Notes, and IO Strips Prohibited Compliant
X.C.4 Portfolio Duration
Limitation
Averageportfolio duration willbemanaged to beapproximatly equalto the
MarketBenchmark selected by theCity (typically +/- 20 of benchmark
duration)
Compliant
1 InFebruary2013, the Dell2.30% 9/10/2015 Bonds, CUSIP24702RAL5 (the“Dell Bonds”),weredowngradedby Moody’sInvestorService (“Moody’s”)toBaa1 fromA2. Inaddition, Fitch Ratings (“Fitch”) lowered theratings on
theDellBonds to BB+ fromA. The downgradeto below the“A” category byboth Moody’sand Fitch caused the DellBonds to be out of compliance with the City’sInvestmentPolicy which requirescorporate mediumtermnotes
tohave arating in the“A” categoryor betterbyat least two nationally recognized statistical rating organizations (“NRSRO’s”). Furthermore,Standard& Poor’s(“S&P”) downgradedtheDell Bonds to BBB fromA-in May 2013. In
September2013, theDell bonds receivedadditional downgrades;S&P loweredratings to B+fromBBB and Fitch loweredratings to B+ fromBB+. Moody’sthenloweredratings to B1 from Baa1 in October2013. Based upon
discussionsbetweenBLX GroupLLC (“BLX”) and theCity, the City has elected to retain theDell Bonds in theportfolio. This decision is basedupon the relatively short remainingtermto maturity of the DellBonds and theoutlook
thatDell will maintain theresourcesto fully serviceits debtobligations. The City, togetherwith BLX, will continue to monitorthe status ofthe Dell Bonds and BLX will providemonthly status updates in accordance with the
requirementsoftheInvestmentPolicy. Pleaseseetheaccompanying memorandumforfurtherdetails.PACKET PAGE: 117AGENDA ITEM 3A.7
TO CITY OF SAN JACINTO
FROM BLX GROUP LLC
DATE JULY 31, 2014
RE DOWNGRADE OF DELL BO
On October 29, 2013, the group (the “Dell/Silver Lake Group”) comprised of Dell’s Chairman and Chief
Executive Officer, Michael Dell (“Mr. Dell”), and private equity firm Silver Lake Partners completed the leveraged
buyout transaction (the “Go-Private Transaction”) that they first introduced on February 5, 2013 and later
amended on August 2, 2013. The Dell/Silver Lake Group funded th
debt financing arrangements, cash equity contributions, and cash on hand at Dell and its subsidiaries.
As of month end, the City’s Dell Bonds (“Dell Bonds”) hold a rating of B+ by S&P, B1 by Moody’s, and B+ by
Fitch.
As reflected in Table 1, the average observed closing price for the Dell Bonds on July 31 was 100.213
compared to 100.510 on June 27. The average observed closing yield on the Dell Bonds was 2.10% on July 31
compared to 1.86% at the end of June.
June at 196 basis points (1.96%) compared to 173 basis points (1.73%) at the end of June. As of month’s end,
Interactive Data, a leading provider of security pricing services, values the D
100.05, down from 100.91 at the end of June. Based upon the City’s amortized cost of 101.61, this market price
indication equates to an unrealized loss of approximately $3,900, which when adjusted for interest earned to
date, results in a net unrealized loss of approximately $120 or
would depend upon market conditions and security pricing at the time of sale.
Based upon discussions between BLX Group LLC (“BLX”) and the City, th
Bonds in the portfolio rather than sell and realize a market loss on the position. This decision is based upon the
relatively short remaining term to maturity of the Dell Bonds and the outlook that a post
Dell will maintain the resources to fully service its debt obligations. The City, together with BLX, will continue to
monitor the status of the Dell Bonds and BLX will provide monthly status updates in accordance with the
requirements of the Investment Policy.
M e m o r a n d u m
CITY OF SAN JACINTO
DOWNGRADE OF DELL BONDS IN CITY INVESTMENT PORTFOLIO
On October 29, 2013, the group (the “Dell/Silver Lake Group”) comprised of Dell’s Chairman and Chief
l (“Mr. Dell”), and private equity firm Silver Lake Partners completed the leveraged
Private Transaction”) that they first introduced on February 5, 2013 and later
amended on August 2, 2013. The Dell/Silver Lake Group funded the $24.9 billion Go-Private Transaction with
debt financing arrangements, cash equity contributions, and cash on hand at Dell and its subsidiaries.
As of month end, the City’s Dell Bonds (“Dell Bonds”) hold a rating of B+ by S&P, B1 by Moody’s, and B+ by
As reflected in Table 1, the average observed closing price for the Dell Bonds on July 31 was 100.213
compared to 100.510 on June 27. The average observed closing yield on the Dell Bonds was 2.10% on July 31
compared to 1.86% at the end of June.The average observed spread to a duration-matched Treasury closed
June at 196 basis points (1.96%) compared to 173 basis points (1.73%) at the end of June. As of month’s end,
Interactive Data, a leading provider of security pricing services, values the Dell Bonds at a market price of
100.05, down from 100.91 at the end of June. Based upon the City’s amortized cost of 101.61, this market price
indication equates to an unrealized loss of approximately $3,900, which when adjusted for interest earned to
, results in a net unrealized loss of approximately $120 or -0.05%. Of course, any realized gain or loss
would depend upon market conditions and security pricing at the time of sale.
Based upon discussions between BLX Group LLC (“BLX”) and the City, the City has elected to retain the Dell
Bonds in the portfolio rather than sell and realize a market loss on the position. This decision is based upon the
relatively short remaining term to maturity of the Dell Bonds and the outlook that a post-Go
Dell will maintain the resources to fully service its debt obligations. The City, together with BLX, will continue to
monitor the status of the Dell Bonds and BLX will provide monthly status updates in accordance with the
vestment Policy.
M e m o r a n d u m
On October 29, 2013, the group (the “Dell/Silver Lake Group”) comprised of Dell’s Chairman and Chief
l (“Mr. Dell”), and private equity firm Silver Lake Partners completed the leveraged
Private Transaction”) that they first introduced on February 5, 2013 and later
Private Transaction with
debt financing arrangements, cash equity contributions, and cash on hand at Dell and its subsidiaries.
As of month end, the City’s Dell Bonds (“Dell Bonds”) hold a rating of B+ by S&P, B1 by Moody’s, and B+ by
As reflected in Table 1, the average observed closing price for the Dell Bonds on July 31 was 100.213
compared to 100.510 on June 27. The average observed closing yield on the Dell Bonds was 2.10% on July 31
matched Treasury closed
June at 196 basis points (1.96%) compared to 173 basis points (1.73%) at the end of June. As of month’s end,
ell Bonds at a market price of
100.05, down from 100.91 at the end of June. Based upon the City’s amortized cost of 101.61, this market price
indication equates to an unrealized loss of approximately $3,900, which when adjusted for interest earned to
0.05%. Of course, any realized gain or loss
e City has elected to retain the Dell
Bonds in the portfolio rather than sell and realize a market loss on the position. This decision is based upon the
Go-Private-Transaction
Dell will maintain the resources to fully service its debt obligations. The City, together with BLX, will continue to
monitor the status of the Dell Bonds and BLX will provide monthly status updates in accordance with the
PACKET PAGE: 118
AGENDA ITEM 3A.7
Table 1: TRACE Trade History
Date High Low Last Avg High
6/27/2014 100.771 100.249 100.651 100.510 2.086
7/1/2014 100.770 100.400 100.500 100.585 1.953
7/2/2014 100.650 99.646 99.945 100.148 2.607
7/3/2014 100.888 100.888 100.888 100.888 1.530
7/7/2014 100.499 100.499 100.499 100.499 1.865
7/8/2014 100.250 100.250 100.250 100.250 2.080
7/9/2014 100.975 100.875 100.875 100.925 1.532
7/10/2014 100.690 100.690 100.690 100.690 1.692
7/11/2014 100.750 99.872 100.625 100.311 2.412
7/14/2014 100.800 100.770 100.800 100.785 1.619
7/15/2014 101.017 100.400 100.750 100.708 1.944
7/16/2014 100.800 100.500 100.800 100.650 1.852
7/17/2014 100.813 99.173 100.550 99.993 3.046
7/21/2014 100.600 100.000 100.500 100.300 2.299
7/22/2014 100.795 100.115 100.600 100.455 2.195
7/23/2014 100.750 99.850 100.500 100.300 2.436
7/24/2014 100.550 100.550 100.550 100.550 1.798
7/25/2014 100.625 100.625 100.625 100.625 1.729
7/28/2014 100.750 100.550 100.550 100.650 1.796
7/29/2014 100.800 100.125 100.151 100.463 2.184
7/30/2014 100.116 99.940 99.940 100.028 2.355
7/31/2014 100.400 100.026 100.250 100.213 2.275
Monthly
Average:100.680 100.274 100.516 100.477 2.057
Price
98
99
100
101
102
103
104
Dec-12Jan-13Feb-13Mar-13Apr-13May-13Jun-13Jul-13Aug-13Sep-13Oct-13Nov-13Dec-13Jan-14Feb-14PriceGraph1: Dell Bond Price
50
100
150
200
250
300
Dec-12Jan-13Feb-13Mar-13Apr-13May-13Jun-13Jul-13Aug-13Sep-13Oct-13Nov-13Dec-13Jan-14Feb-14SpreadGraph3: Dell Bond Spread
High Low Last Avg Vol(M) Trds Dlr Buy Dlr Sell
2.086 1.642 1.743 1.864 52 3 32
1.953 1.635 1.867 1.794 90 5 40
2.607 1.736 2.347 2.172 371 13 222
1.530 1.530 1.530 1.530 30 1 30
1.865 1.865 1.865 1.865 60 1 60
2.080 2.080 2.080 2.080 7 1 7
1.532 1.445 1.532 1.489 20 2 0
1.692 1.692 1.692 1.692 15 1 0
2.412 1.638 1.748 2.025 226 10 83
1.619 1.593 1.593 1.606 500 2 250 250
1.944 1.401 1.635 1.672 84 6 25
1.852 1.586 1.586 1.719 680 8 20
3.046 1.573 1.807 2.310 3,565 9 1,355 1,000
2.299 1.759 1.849 2.029 586 10 103
2.195 1.583 1.758 1.889 1,560 12 1,355
2.436 1.619 1.845 2.027 2954 16 567
1.798 1.798 1.798 1.798 150 2 75
1.729 1.729 1.729 1.729 150 1 150
1.796 1.614 1.796 1.705 10 2 0
2.184 1.568 2.160 1.876 634 12 295
2.355 2.192 2.355 2.273 100 2 50
2.275 1.929 2.068 2.102 3,957 11 1,770 1,475
2.057 1.694 1.840 1.875 750 6 307 140
Yield Dealer to Client Volume(M)Feb-14Mar-14Apr-14May-14Jun-14Jul-14Source:Bloomberg
0.80
1.30
1.80
2.30
2.80
3.30
Dec-12Jan-13Feb-13Mar-13Apr-13May-13Jun-13Jul-13Aug-13Sep-13Oct-13YieldGraph2: Dell Bond Yield
Feb-14Mar-14Apr-14May-14Jun-14Jul-14Source:Bloomberg
9
10
11
12
13
14
15
Dec-12Jan-13Feb-13Mar-13Apr-13May-13Jun-13Jul-13Aug-13Sep-13Oct-13PriceGraph4: Dell Equity Price
City of San Jacinto
July 31, 2014
Page 2
D→D
Dlr Sell Vol(M)
0 32 20
0 40 50
0 222 149
0 30 0
0 60 0
0 7 0
10 -10 10
15 -15 0
0 83 143
250 0 0
3 22 56
40 -20 620
1,000 355 1,210
50 53 433
75 1,280 130
0 567 2,387
0 75 75
0 150 0
5 -5 5
21 274 318
0 50 50
1,475 295 712
140 167 302
Source: Bloomberg and BLX Group LLC
Dealer to Client Volume(M)
Net
Nov-13Dec-13Jan-14Feb-14Mar-14Apr-14May-14Jun-14Jul-14Source:Bloomberg
Nov-13Dec-13Jan-14Feb-14Mar-14Apr-14May-14Jun-14Jul-14Source:Bloomberg
PACKET PAGE: 119
AGENDA ITEM 3A.7
September 16, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Tom Prill, Finance Director
SUBJECT: Proposed Resolution of Intent to annex property known as Kirby Village
into LLPD No. 2 as Annexation No. 89 and to levy and collect Annual
Assessments within Annexation No. 89 for FY 2015-2016
RECOMMENDATION:
Staff recommends that the City Council, by motion, approve and adopt the following Resolution
No. _____ to annex property known as APN 436-450-019 to the City of San Jacinto LLPD No. 2
as Annexation No. 89 and to levy and collect assessments for LLPD 2 Annexation No. 89 for FY
2015-2016, accepting the Engineer’s Report and giving Notice of and Setting the Time and
Place of the Hearing for the election of the Proposed Assessment related to maintenance of
public improvements in City of San Jacinto LLPD No. 2 Annexation No. 89 for the FY 2015-2016
Property Tax Roll.
DISSCUSSION:
LLPD 2 is divided among the original area and approximately 87 annexation areas called zones
with assessments involving over 7,394 individual parcels. The Resolution of Intent accepts the
District Engineer’s report and declares the intention of the Council to annex property known as
APN 436-450-019 to the City of San Jacinto LLPD No. 2 as Annexation No. 89 and to levy and
collect assessments within Annexation No. 89 for the FY 2015-2016 tax roll.
At the Council meeting of October 21, 2014, the City will hold a public hearing to conduct the
protest election and then, if a majority protest does not exist, consider adoption of a resolution
authorizing the levy of annual assessments and confirming the diagram and assessments of the
LLPD No. 2 Annexation 89.
The attached Resolution is a part of the required procedure for the annexation and levy and
collection of assessments in an assessment district.
FISCAL IMPACT:
No cost is attributed by this action. There is no budgetary impact, unless this resolution and the
following resolution are not passed. This would impair the ability of the City to collect the
assessments needed to pay the district expenses and the General Fund would have to replace
the revenue of LLPD 2 Annexation No. 89.
ATTACHMENTS:
Resolution of Intention – Resolution No. _____
Engineer’s Report for Fiscal Year 2015-2016
PACKET PAGE: 121
AGENDA ITEM 3A.8
Page 1 of 6
STATE OF CALIFORNIA ) RESOLUTION NO:
COUNTY OF RIVERSIDE)ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SAN JACINTO DECLARING ITS INTENTION TO ANNEX
PROPERTY TO LANDSCAPING, LIGHTING AND PARK
DISTRICT NO. 2 (LLPD NO. 2) TO LEVY AND COLLECT
ASSESSMENTS ON SUCH PROPERTY FOR FISCAL YEAR
2015-16 AND PROVIDING NOTICE OF TIME AND PLACE OF
A HEARING ON THE PROPOSED ANNEXATION AND THE
PROPOSED ASSESSMENTS, DETERMINING DURATION OF
SUCH ASSESSMENTS AND ANNUAL INCREASES IN
AMOUNTS THEREOF AND PROVIDING FOR ELECTION
THEREON FOR THE PROPERTY (KIRBY VILLAGE,
ASSESSOR'S PARCEL NO. 436-450-019) (LLPD NO. 2,
ANNEXATION NO. 89).
WHEREAS, the City Council of the City of San Jacinto ("City") has
initiated proceedings for the annexation of certain property to Landscaping,
Lighting and Park District No. 2 of the City of San Jacinto ("District"), pursuant
to the Landscaping and Lighting Act of 1972, Part 2 (commencing with Section
22500) of Division 15 of the Streets and Highways Code ("Act"), for the
installation, operation, maintenance and/or servicing of street lights, traffic
signals, graffiti removal, landscaping, sidewalks, drainage facilities and any
improvements appurtenant thereto as provided in Section 22525 of the
California Streets and Highways Code; and
WHEREAS, as ordered by the City Council, NBS has filed with the City
Clerk a report regarding the assessments which are proposed to be levied and
collected from the owners of assessable property within the District to pay the
costs of the installation, operation, maintenance and servicing of street
lighting, traffic signals, graffiti removal, landscaping, sidewalks, drainage
facilities and any improvements appurtenant thereto, and that report has been
presented to and considered by the City Council; and,
WHEREAS, it is necessary that the City Council adopt a resolution of
intention pursuant to Section 22587 of the Streets and Highways Code to,
among other things, fix and give notice of the time and place of a public
hearing on said report, the proposed annexation of such property to the District
and the proposed assessments.
PACKET PAGE: 123
AGENDA ITEM 3A.8
Page 2 of 6
NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the
City Council of the City of San Jacinto, as follows:
Section 1: Findings. The City Council of the City of San Jacinto
finds that:
(a) The foregoing recitals are true and correct;
(b) The report of NBS (the "Report") contains all matters
required by Sections 22565 through 22574 of the
Streets and Highways Code and may, therefore, be
approved by the City Council;
(c) The assessments, which are proposed to be levied
for fiscal year 2015-16 on all parcels of assessable
property that are proposed to be annexed to
Landscaping, Lighting and Park District No. 2, are
based on special benefit conferred upon each such
parcel from the payment of the cost of the
installation, operation, maintenance and/or servicing
of street lighting, traffic signals, graffiti removal,
landscaping, sidewalks, drainage facilities and
appurtenant improvements;
(d) The proportionate special benefit derived by each
such parcel has been determined in relationship to
the entirety of the capital cost of the installation,
operation, maintenance and/or servicing of street
lighting, traffic signals, graffiti removal, landscaping,
sidewalks, drainage facilities and appurtenant
improvements; and
(e) The amount of the assessment which is proposed to
be assessed on each such parcel is based upon and
will not exceed the reasonable cost of the
proportional special benefit conferred on that parcel.
Section 2: Intention. The City Council declares that it intends to
annex the property described in Section 4 to the District
and to levy assessments on all lots and parcels of
assessable property which are proposed to be annexed
to Landscaping, Lighting and Park District No. 2 of the
City of San Jacinto for fiscal year 2015-16 in the amount
set forth in the Report. Such assessments will be
collected at the same time and in the same manner as
county taxes are collected, and all laws providing for the
collection and enforcement of county taxes shall apply to
the collection and enforcement of the assessments.
PACKET PAGE: 124
AGENDA ITEM 3A.8
Page 3 of 6
Section 3: Improvements. The Improvements which shall be provided
for the property proposed to be annexed to the District by
and through the assessments levied annually thereon shall
include the following:
(a) The installation or construction or operation of public
lighting, facilities, including, but not limited to, street
lights, and traffic signals;
(b) The installation or planting of landscaping, including,
but not limited to, street trees, and parkways;
(c) The installation or construction of sidewalks, curb
and gutter, storm drains, and catch basins;
(d) The installation or construction of any facilities which
are appurtenant to any improvements listed in (a)
through (c) or which are necessary or convenient for
the maintenance or servicing thereof including, but
not limited to, irrigation, drainage, and electrical
facilities; and
(e) The maintenance and servicing of any of the
foregoing.
Section 4: Annexation to Assessment District. The distinctive
designation of the annexation is "Annexation No. 89 to
Landscaping, Lighting and Park District No. 2 of the City
of San Jacinto." The property which is proposed to be
annexed to the District and which comprises Annexation
No. 89 is the property which is identified by Riverside
County Assessor's Parcel Number: 436-450-019. Upon
the completion of the annexation proceedings, the
property which comprises Annexation No. 89 will be
designated as Zone 89 of the District ("Zone 89"). The
boundaries of Annexation No. 89 or Zone 89 are further
described and shown in the Report. The territory
included within Zone 89 is generally located in the City of
San Jacinto, County of Riverside.
Section 5: Report and Assessments. The Report, which is on file
with the City Clerk of the City Council, and which has
been presented to the City Council at the meeting at
which this resolution is adopted, is approved. Reference
is made to the Report for a full and detailed description
of the Improvements, the boundaries of Annexation No.
89 and the assessments which are proposed to be levied
PACKET PAGE: 125
AGENDA ITEM 3A.8
Page 4 of 6
on the assessable lots and parcels of property within
Zone 89 for fiscal year 2015-16.
Section 6: Duration of Assessments and Inflation Increases and
Election Thereon. The assessments shall be levied on
all parcels of assessable property within Annexation No.
89 or Zone 89 of the District, as identified in the Report,
so long as the assessments are necessary to finance the
Improvements specified in Section 3 and the
maintenance and servicing thereof. The assessment
amounts contained in the Report shall be subject to an
annual adjustment or increase in an amount equal to
the percentage increase in the Consumer Price Index -
All Urban Consumers for the Los Angeles - Anaheim -
Riverside Area; provided however that the amount of the
assessment to be levied on any assessable parcel in
any fiscal year shall not be increased by more than seven
and one-half percent (7.5%), and the amount of the
assessment to be levied on any parcel in any fiscal
year shall not in any event exceed the actual total cost
of the proportional special benefit conferred on that
parcel. The assessment ballots, which are to be mailed to
the owners of assessable parcels of property in
Annexation No. 89 or Zone 89, as provided in Section 8
hereof, shall clearly indicate that the property owners are
voting on the duration of and annual increases in the
amount of the assessments as specified above.
Section 7: Hearing. The time and place of the hearing required by
Section 22587 through 22594 of the Streets and
Highways Code concerning the proposed annexation of
the property described in Section 4 hereof to the District
and the assessments which are proposed to be levied for
fiscal year 2015-16 is set for 6:30 p.m. on October 21,
2014, at the San Jacinto Community Center at 625 S.
Pico, San Jacinto, California
Section 8: Notice of Hearing and Ballots. The City Clerk of the City
Council shall mail notice of the proposed annexation and
the proposed assessments and of the time and place of
the public hearing, as specified in Section 7 hereof, to the
record owner of each assessable parcel of property
identified in the Report. Such notice shall specify the total
amount of the assessment chargeable to all the property
within Annexation No. 89 or Zone 89 to Landscaping,
Lighting and Park District No. 2, the amount chargeable to
each owner's particular parcel, the duration of the
PACKET PAGE: 126
AGENDA ITEM 3A.8
Page 5 of 6
assessments, the reason for the assessments and the
basis upon which the amount of the proposed assessments
was calculated, together with the date, time and location of
the public hearing on the proposed assessments as
specified in Section 7 hereof. The notice shall include, in a
conspicuous place, thereon, a summary of the procedures
applicable to the completion, return and tabulation of the
assessment ballots, which will accompany the notice and
shall include a statement that the existence of a majority
protest will result in the assessments not being levied, and
that a majority protest will exist if, upon the conclusion of
the hearing, ballots submitted in opposition to the
assessments exceed the ballots submitted in favor of the
assessments. Each such notice mailed to owners of
identified parcels within Annexation No. 89 or Zone 89 to
Landscaping, Lighting and Park District No. 2 shall contain
a ballot which includes the City's address for receipt of
any ballot when completed by any owner receiving such
notice whereby each such owner may indicate his or her
name, reasonable identification of the parcel and support
or opposition to the proposed assessments.
Section 9: That the Mayor shall sign this Resolution and the City
Clerk shall attest and certify to the passage and adoption
thereof.
PACKET PAGE: 127
AGENDA ITEM 3A.8
Page 6 of 6
PASSED, APPROVED and ADOPTED this ___ day of _______, 2014,
by the following vote:
Ayes:
Nays:
Absent:
Abstained:
City of San Jacinto
__________________________
by Alonso Ledezma, Mayor
ATTEST:
___________________________
Rick Miller, City Clerk
APPROVED AS TO FORM:
Best, Best & Krieger, LLP
___________________________
City Attorney, City of San Jacinto
PACKET PAGE: 128
AGENDA ITEM 3A.8
Main Office
32605 Temecula Parkway, Suite 100
Temecula, CA 92592
Toll free: 800.676.7516 Fax: 951.296.1998
Regional Office
870 Market Street, Suite 1223
San Francisco, CA 94102
Toll free: 800.434.8349 Fax: 415.391.8439
City of San Jacinto
Landscaping, Lighting, and
Park District No. 2, Annexation No.89 (Kirby Village)
Engineer’s Report
September 2014
PACKET PAGE: 129
AGENDA ITEM 3A.8
CITY OF SAN JACINTO
LANDSCAPING, LIGHTING AND
PARK DISTRICT NO.2, Annexation No.89 (Kirby Village)
595 S. San Jacinto Avenue
San Jacinto, CA 92583
Phone -(951)537-6380
CITY COUNCIL
Alonso Ledezma, Mayor
Crystal Ruiz,Mayor Pro Tem
Mark Bartel,Council Member
Andrew Kotyuk, Council Member
Scott Miller,Council Member
CITY STAFF
Tom Prill, Finance Director
Mike Emberton,Assistant City Manager
Debbie Vickery,Special Districts Administrator
Michelle Holmes, Senior Accountant
NBS
Danielle Wood,Client Services Director
Pablo Perez,Project Director
Jason Roth, Consultant
PACKET PAGE: 130
AGENDA ITEM 3A.8
TABLE OF CONTENTS
1.ENGINEER’S LETTER ................................................................1-1
2.OVERVIEW ..................................................................................2-1
2.1 Introduction ..................................................................................................2-1
2.2 Process for Proposed Assessment ..............................................................2-1
3.PLANS AND SPECIFICATIONS ..................................................3-1
3.1 Description of the Boundaries ......................................................................3-1
3.2 Description of Improvements and Services ..................................................3-1
4.ESTIMATE OF COSTS ................................................................4-1
4.1 Budget ..........................................................................................................4-1
5.METHOD OF ASSESSMENT ......................................................5-1
5.1 Introduction ..................................................................................................5-1
5.2 General Benefit ............................................................................................5-1
5.3 Special Benefit .............................................................................................5-2
5.4 Method of Assessment Spread ....................................................................5-3
5.5 Assessment Formula ...................................................................................5-4
5.6 Assessment Unit Method .............................................................................5-4
5.7 Cost of Living Inflator ...................................................................................5-4
6.ASSESSMENT DIAGRAM ...........................................................6-1
7.ASSESSMENT ROLL ..................................................................7-1
PACKET PAGE: 131
AGENDA ITEM 3A.8
Landscape, Lighting, & Park District No. 2 Annexation 89 –City of San Jacinto 1-1
Prepared by NBS –Fiscal Year 2015/16
1.ENGINEER’S LETTER
WHEREAS,on April 4,2002, the City Council of the City of San Jacinto (”City”), State of California,
under the Landscaping and Lighting Act of 1972 (“1972 Act”) (California Streets and Highways Code
section 22500 et seq.) established the Landscaping, Lighting and Park District known and designated
as “Landscaping, Lighting and Park District No. 2”; and
WHEREAS, the City desires to annex property to the district known as Assessor’s Parcel Number
436-450-019 (the “property”) to the City of San Jacinto Landscaping, Lighting and Park District No. 2
(“District”)as Annexation No.89;and
WHEREAS,on September 16,2014, the City Council under the 1972 Act, Article XIIID, section 4 of
the Constitution of the State of California (“Article XIIID”) and the Proposition 218 Omnibus
Implementation Act (“Proposition 218”) (California Government Code section 53750 et seq.), (the
1972 Act, Article XIIID, and Proposition 218 are collectively referred to as the “Assessment Law”),
approved the commencement of procedures within the proposed area for Annexation No. 89 so that
owners of the property may approve annexation to the District to provide funding for maintenance of
improvements which provide special benefit to the property; and
WHEREAS, NBS has been directed to prepare and file an Engineer’s Report for Annexation No. 89.
NOW THEREFORE, the proposed assessments as detailed in this Engineer’s Report and as
summarized in the table below are made to cover the portion of the estimated costs of maintenance,
operation and servicing of said improvements to be paid by the assessable real property within the
District in proportion to the special benefit received.
Description
FY 2015/16
Maximum Budget
FY 2015/16 Estimated
Actual Budget
Street Light and Traffic Signal Maintenance $6,890.79 $6,890.79
Park Maintenance 0.00 0.00
Landscape Maintenance 2,382.09 2,382.09
Storm Drain Maintenance 1,860.93 1,860.93
Concrete Maintenance 1,267.73 1,267.73
Graffiti Removal 3,428.11 3,428.11
General Benefit (3,764.31)(3,764.31)
Total $12,065.34 $12,065.34
The landscape maintenance and irrigation water for landscaping in the public right-of-way will be
provided by the property owner. If said property owner fails to properly maintain said public
landscaping, the City will, upon due process, take over the financing of the public landscaping by
adding these items.
In making the assessments contained herein pursuant to the Assessment Law:
1.I identified all parcels which will have a special benefit conferred upon them from the
improvements described in this Engineer’s Report (the “Specially Benefited Parcels”). For
particulars as to the identification of said parcels, reference is made to the Assessment
Diagram, a copy of which is included in this Engineer’s Report.
PACKET PAGE: 132
AGENDA ITEM 3A.8
Landscape, Lighting, & Park District No. 2 Annexation 89 –City of San Jacinto 1-2
Prepared by NBS –Fiscal Year 2015/16
2.I have assessed the costs and expenses of the improvements upon the Specially Benefited
Parcels. In making such assessment:
a.The proportionate special benefit derived by each Specially Benefited Parcel from
the improvements was determined in relationship to the entirety of the maintenance
costs of the improvements;
b.No assessment has been imposed on any Specially Benefited Parcel which
exceeds the reasonable cost of the proportional special benefit conferred on such
parcel from the improvements; and
c.Any general benefits from the improvements have been separated from the special
benefits and only special benefits have been assessed.
I, the undersigned, respectfully submit the enclosed Engineer’s Report and, to the best of my
knowledge, information and belief, the Engineer’s Report, Assessments, and the Assessment
Diagram herein have been prepared and computed in accordance with the order of the City Council
of the City of San Jacinto and the Assessment Law.
Brian K. Thomas, P.E.
Assessment Engineer
PACKET PAGE: 133
AGENDA ITEM 3A.8
Landscape, Lighting, & Park District No. 2 Annexation 89 –City of San Jacinto 2-1
Prepared by NBS –Fiscal Year 2015/16
2.OVERVIEW
2.1 Introduction
This Engineer’s Report (“Report”) describes Annexation No. 89 as a zone of the City of San Jacinto
Landscaping, Lighting,and Park District No. 2 (the “Zone”)and the charge per Assessment Unit (AU)
for Fiscal Year 2015/16 based on the estimated cost to maintain the improvements and provide the
services that benefit parcels within the Zone.This Zone, by special benefit assessments, provides
funding for the installation, operation, maintenance and servicing of street lights and traffic signals;
the installation, maintenance and servicing of landscaped areas (parkways,sidewalks, etc.); the
installation, operation, maintenance and servicing of drainage facilities; and graffiti removal from
horizontal and vertical surfaces which are appurtenant to the above items; all of which are located in
public rights-of-way or easements in the District.
The word “parcel,” for the purposes of this report, refers to an individual property assigned its own
assessor’s parcel number by the Riverside County Assessor’s Office.The Riverside County
Auditor/Controller uses assessor’s parcel numbers and specific fund numbers to identify on the tax
roll properties assessed for special district benefit assessments.
2.2 Process for Proposed Assessment
The City cannot increase or levy new assessments within the District without complying with the
procedures specified in Article XIIID and Proposition 218. In November 1996, the voters in the State
of California added Article XIIID to the California Constitution imposing, among other requirements,
the necessity for the City to conduct an assessment ballot procedure to enable the owners of each
property on which assessments are proposed to be enacted or increased, the opportunity to express
their support for, or opposition to, the proposed assessment or increase in such assessment. The
basic steps of the assessment ballot procedure are outlined below.
The City must prepare a Notice of Public Hearing (“Notice”), which describes, along with other
mandated information, the reason for the proposed assessments and provide a date, time and
location of a public hearing to be held on the matter.The City must also prepare an assessment
ballot, which clearly gives the property owner the ability to sign and mark their assessment ballot
either in favor of, or in opposition to, the proposed assessment. The Notice and assessment ballot are
mailed to each affected property owner within the District a minimum of 45 days prior to the public
hearing date as shown in the Notice.
After the Notice and assessment ballot are mailed, property owners are given until the close of the
public hearing, stated in the Notice, to return their signed and marked assessment ballot. During the
public hearing,property owners are given the opportunity to address the City Council and ask
questions or voice their concerns.After the public hearing, the returned assessment ballots received
prior to the close of the public hearing are tabulated, weighted by the proposed assessment amount
on each property and the results are announced by the City Council.
Article XIIID provides that if, as a result of the assessment ballot proceeding, a majority protest is
found to exist, the City Council shall not have the authority to enact or increase the assessments as
proposed.A majority protest exists if the assessments represented by ballots submitted in opposition
exceed those submitted in favor of the assessment.All returned ballots are tabulated and weighted
according to the financial obligation of each particular parcel.
If there is no majority protest as described above, the City Council may approve the proposed
assessments in Annexation No. 89.
PACKET PAGE: 134
AGENDA ITEM 3A.8
Landscape, Lighting, & Park District No. 2 Annexation 89 –City of San Jacinto 3-1
Prepared by NBS –Fiscal Year 2015/16
3.PLANS AND SPECIFICATIONS
The plans and specifications showing and describing the general nature, location and extent of the
improvements to be operated and maintained within Annexation No. 89 are on file in the office of the
City Clerk and are incorporated herein by reference.
3.1 Description of the Boundaries
The proposed boundary of Annexation No. 89 to the District is completely within the City Limits of the
City of San Jacinto and is shown on the Boundary Map found in Section 6 of this Report and on file in
the office of the City Clerk at the San Jacinto City Hall. The boundary includes the parcels of land that
are located in the vicinity of street lighting, landscaping,sidewalk and drainage improvements that
were, or soon will be, installed as a condition of approval of a land development project; the operation
and maintenance of which will be funded by this assessment district. All parcels of real property
included within the District are described in detail on maps on file in the Riverside County Assessor’s
office or by a tract and parcel number legal description.
The 1972 Act provides for areas within a district to be classified into different zones. Annexation No.
89 to Landscaping, Lighting and Park District No. 2 is comprised of one zone. The costs of the
installation, operation, maintenance and servicing of the various improvements and facilities within
this zone, will be separately determined, and incidental costs will be prorated and added to determine
the total cost. This zone is comprised of Assessor’s Parcel Number 436-450-019 (Kirby Village) and
is designated as “Zone 89”. Future annexations will be assigned zone designations e.g. Zone 90,
Zone 91, Zone 91A, Zone 92, etc., as appropriate.
3.2 Description of Improvements and Services
The authorized facilities and items of servicing and maintenance are described in the “Master
Engineer’s Report.” Said description is included within this report by reference. A copy of said “Master
Engineer’s Report” is on file in the Office of the City Clerk of the City of San Jacinto and may be
reviewed,or a copy obtained, at City Hall during normal business hours.
The improvements included in Zone 89 to be installed, operated, serviced, and maintained are street
lighting and traffic signals; parkway landscaping; trees; sidewalks, curb and gutter, and storm drains
(catch basins and pipe in public right-of-way or easement). Also included is the servicing and
maintenance required for graffiti removal.
These improvements are located within the street public right-of-ways and dedicated public
easements which are within the boundaries of the District and as such are of special benefit to the
parcels. The landscaping maintenance includes, but is not limited to, turf, ground cover, shrubs and
trees, sprinkler and irrigation systems, drainage systems, and associated appurtenances. Services
include personnel, materials, contracting services, utilities, capital projects and all necessary costs
associated with the maintenance, replacement and repair required to keep the improvements in a
healthy, vigorous and satisfactory condition. The breakdown of maintained improvements is as
follows:
One street light directly in front of Annexation No. 89 on Kirby Street.In addition
to two shared street lights across Kirby Street.
Traffic Signal at the corner of Kirby Street and Esplanade Avenue.
Varied width landscaped parkway along Kirby Street with five trees.
Storm Drains and Catch Basins in public right of way.
Sidewalk and Curb and Gutter improvements adjacent to Kirby Street.
PACKET PAGE: 135
AGENDA ITEM 3A.8
Landscape, Lighting, & Park District No. 2 Annexation 89 –City of San Jacinto 4-1
Prepared by NBS –Fiscal Year 2015/16
4.ESTIMATE OF COSTS
The estimated costs of administration, maintenance, operation, and servicing the improvements as
described in the Plans and Specifications are summarized below. Each year, as part of the
assessment district levy calculation process, the costs and expenses are reviewed and the annual
costs are projected for the following fiscal year.
4.1 Budget
Annexation No.89 (Kirby Village)
Description
FY 2015/16
Maximum
Per AU
FY 2015/16
Maximum
Budget
FY 2015/16
Estimated
Actual Per
AU
FY 2015/16
Estimated
Actual
Budget
Street Light and Traffic Signal Maintenance $191.41 $6,890.79 $191.41 $6,890.79
Park Maintenance 0.00 0.00 0.00 0.00
Landscape Maintenance 66.17 2,382.09 66.17 2,382.09
Storm Drain Maintenance 51.69 1,860.93 51.69 1,860.93
Concrete Maintenance 35.21 1,267.73 35.21 1,267.73
Graffiti Removal 95.23 3,428.11 95.23 3,428.11
General Benefit (104.56)(3,764.31)(104.56)(3,764.31)
Total Assessment $335.15 $12,065.34 $335.15 $12,065.34
Beginning in the Fiscal Year starting July 1, 2016, prior to the assessments being placed on the tax
roll, the City will review the budget and determine the amount needed to maintain the improvements
for the upcoming fiscal year.The actual assessment per AU will be based on the total amount of
funds needed to maintain the improvements in a satisfactory and healthy condition. The actual
assessment amount may be the same or lower than the maximum allowable assessment; however it
may not exceed the maximum after the application of the cost of living inflator, defined in Section 5.7
of this report, unless the excess increase is approved by the property owners in accordance with
Assessment Law.
It is the intent of the City of San Jacinto to establish an Operating Reserve which shall not exceed the
estimated costs of maintenance, operation,and servicing of the improvements prior to December 10
of the fiscal year, or whenever the City expects to receive its apportionment of special assessments
and tax collections from the County, whichever is later.
PACKET PAGE: 136
AGENDA ITEM 3A.8
Landscape, Lighting, & Park District No. 2 Annexation 89 –City of San Jacinto 5-1
Prepared by NBS –Fiscal Year 2015/16
5.METHOD OF ASSESSMENT
5.1 Introduction
Pursuant to the 1972 Act and Article XIIID, all parcels that receive a special benefit conferred upon
them as a result of the maintenance and operation of improvements and services shall be identified,
and the proportionate special benefit derived by each identified parcel shall be determined in
relationship to the entire costs of the maintenance and operation of improvements. Part 2 of Division
15 of the Streets and Highways Code, the Landscaping and Lighting Act of 1972, permits the
establishment of assessment districts by local agencies for the purpose of providing certain public
improvements which include the operation, maintenance and servicing of landscaping improvements.
Section 22573 of the Landscape and Lighting Act of 1972 requires that maintenance assessments
must be levied according to benefit rather than according to assessed value.This Section states:
"The net amount to be assessed upon lands within an assessment
district may be apportioned by any formula or method which fairly
distributes the net amount among all assessable lots or parcels in
proportion to the estimated benefit to be received by each such lot or
parcel from the improvements."
The determination of whether or not a lot or parcel will benefit from
the improvements shall be made pursuant to the Improvement Act of
1911 (Division 7 (commencing with Section 5000) [of the Streets and
Highways Code, State of California]."
The 1972 Act also permits the designation of zones of benefit within any individual assessment
district if "by reasons or variations in the nature, location, and extent of the improvements, the various
areas will receive different degrees of benefit from the improvement" (Sec. 22574).
Article XIIID, Section 4(a) of the California Constitution limits the amount of any assessment to the
proportional special benefit conferred on the property. Article XIIID also provides that publicly owned
properties must be assessed unless there is clear and convincing evidence that those properties
receive no special benefit from the assessment. Examples of parcels exempted from the assessment
would be the areas of public streets, public avenues, public lanes, public roads, public drives, public
courts, public alleys, public easements and rights-of-ways, public greenbelts and public parkways.
Furthermore, Proposition 218 requires the City to separate general benefit from special benefit,
whereas only special benefit may be assessed.
5.2 General Benefit
Section 4 of Article XIIID of the California Constitution provides that once a local agency which
proposes to impose assessments on property has identified those parcels that will have special
benefits conferred upon them and upon which an assessment will be imposed, the local agency must
next “separate the general benefits from the special benefits conferred,” and only the special benefits
can be included in the amount of the assessments imposed.
The improvements being financed consist of the maintenance, operation,and servicing of local
improvements located within the boundaries of the District and include street lighting within the public
rights-of-way along Kirby Street. The street lights being installed are adjacent to the property and
while it will benefit motorists driving on Kirby Street the safety and economic benefits received by the
PACKET PAGE: 137
AGENDA ITEM 3A.8
Landscape, Lighting, & Park District No. 2 Annexation 89 –City of San Jacinto 5-2
Prepared by NBS –Fiscal Year 2015/16
property within the Zone will account for a greater percentage of special benefit.Ten percent of the
light directly outside of the property is attributed to motorist safety related benefits.Of the two street
lights benefiting the property that are across the street from the property,one-half of one of these
lights is outside the Zone and will be funded by other sources.Ninety percent of the other one and a
half lights is attributed to motorist safety and properties across the street.
Based upon this, it has been determined that there is an amount of general benefit to the surrounding
community and the public in general from the maintenance, operation and servicing of the
improvements within the boundaries of the District and therefore a portion of the project costs should
be attributed to general benefit. The general benefit costs are as follows:
Improvement
Total Estimated
Costs
General Benefit
Contribution
Estimated General
Benefit Costs
Street Lights $441.18 63.57%$280.48
Traffic Signal 3,780.00 90.00%3,402.00
Landscape Maintenance 1,384.21 0.00%0.00
Tree Maintenance 75.00 2.00%1.50
Strom Drain Maintenance 1,140.00 2.00%22.80
Concrete Maintenance 776.60 2.00%15.53
Graffiti Removal 2,100.00 2.00%42.00
The landscape maintenance and irrigation water for landscaping in the public right-of-way will be
provided by the property owner. If said property owner fails to properly maintain said public
landscaping, the City will, upon due process, take over the financing of the public landscaping by
adding these items.
5.3 Special Benefit
With the exception of the general benefit described above, the maintenance, operation and servicing
of the local landscaping improvements within the District are for the specific benefit of the properties
within the District, and as such confer a special and direct benefit to parcels within the District.
The net amount to be assessed upon parcels within the Zone in accordance with this report is
apportioned by a formula and method which fairly distributes the amount among all assessable lots or
parcels in proportion to the estimated special benefit to be received by each lot or parcel from the
improvements, namely the maintenance and servicing of public landscaping, lighting and drainage
facilities within the Zone. The maintenance and servicing of public landscaping, lighting,drainage
facilities and street trees installed and constructed in public places in the City of San Jacinto provides
a special benefit which is received by each and every lot or parcel within the Zone. Landscaping and
street trees within the District enhance the aesthetic appeal of parcels within the landscaping and
street tree zones. Such landscaping improves erosion resistance and dust control.The streets within
the District improve access to all lots or parcels assessed. Street lights im prove ingress and egress of
such lots or parcels by illuminating access after sunset. Such street lights, by so improving ingress
and egress, improve the security of such lots or parcels by improving the night time visibility of such
lots or parcels and improve the access of emergency vehicles thereto, and in the case of commercial
lots or parcels, facilitate the opening and operation of business uses after sunset.
PACKET PAGE: 138
AGENDA ITEM 3A.8
Landscape, Lighting, & Park District No. 2 Annexation 89 –City of San Jacinto 5-3
Prepared by NBS –Fiscal Year 2015/16
Street Landscaping
The overall appeal and safety of an area is enhanced when landscaping improvements are in place
and kept in a healthy and satisfactory condition.Conversely, appeal and safety decreases when
landscaping in overgrown, unsafe or destroyed by the elements or vandalism.
Improved Aesthetics.Street landscaping improvements improve the commercial activity,
appearance and desirability for the property within the boundaries of Annexation No. 89.
Regular maintenance ensures that the improvements do not reach a state of deterioration or
disrepair so as to be materially detrimental to the property adjacent to the improvements.
Increased Safety:Safety for pedestrians involves not only a degree of protection from
vehicular accidents, but also from criminal activity.Well maintained areas mitigate crime,
especially vandalism, and enhance pedestrian safety.
Street trees, median landscaping, hardscaping and appurtenant facilities within and adjacent to City
streets, if well maintained, provide beautification and shade.
Proper maintenance of drainage systems increases safety during periods of heavy rain and prevents
property damage.
The primary benefits of street lighting are for the convenience, safety, security and protection of
property.
1.Improvement to traffic circulation and reduction in night time accidents and attendant human
misery and decrease in personal property loss.
2.The deterrence of crime and the aid to police protection.
3.Promotion of business during nighttime hours.
4.Increased nighttime safety on roads and highways.
5.The improved ability of pedestrians and motorists to see, which helps people safely find their
way.
6.Improved ingress and egress to lots and parcels.
7.Reduction in vandalism and other criminal acts, and reduced damage to improvements.
8.The enhancement to the value of property which results from the foregoing benefits.
All of the above mentioned items for street landscaping, drainage, and lighting improvements provide
special benefit to the property within Annexation No. 89 that are not realized by parcels outside the
boundaries of the Zone.
5.4 Method of Assessment Spread
As discussed above, each of the parcels within the District is deemed to receive special benefit from
the improvements. Each parcel that has a special benefit conferred upon it as a result of the
maintenance and operation of improvements is identified and the proportionate special benefit
derived by each identified parcel is determined in relationship to the entire costs of the maintenance
and operation of the improvements.The total costs of maintenance, less the amount of general
benefit identified in Section 5.2 of this Report, will be assessed to the parcels within the District based
on the estimated Assessment Units assigned to each parcel.To assess special benefit appropriately,
it is necessary to relate parcels of different land uses and development status to each other. The AU
method of apportionment uses the single family home as the basic unit of assessment. The following
shows how each parcel’s AUs have been determined:
PACKET PAGE: 139
AGENDA ITEM 3A.8
Landscape, Lighting, & Park District No. 2 Annexation 89 –City of San Jacinto 5-4
Prepared by NBS –Fiscal Year 2015/16
5.5 Assessment Formula
The basic formula used to calculate the amount spread to each lot or parcel within the District for
each type of improvement or facility starts with an AU. The basic AU is given a value of one (1) for a
single-family residential parcel. From this base, the remaining parcels are related according to their
equivalent special benefit within a zone or future annexation. The purpose of this formula is to fairly
equate special benefit conferred on property with differing land uses for each type of improvement or
facility within a zone (e.g., single-family residential versus commercial office versus vacant property,
for street lighting).
5.6 Assessment Unit Method
The following table shows the assessment formula for the District using the AU method for common
land uses:
Land Use
Landscaping
Assessment
Formula
Lighting
Assessment
Formula
Park
Assessment
Formula
Graffiti
Removal
Drainage
Assessment
Formula
Churches
0.5 AU per
Assessable
Acre
0.5 AU per
Assessable
Acre
0.5 AU per
Assessable
Acre
0.5 AU per
Assessable
Acre
0.5 AU per
Assessable
Acre
Commercial/
Industrial
3.0 AU per
Assessable
Acre
3.0 AU per
Assessable
Acre
3.0 AU per
Assessable
Acre
3.0 AU per
Assessable
Acre
3.0 AU per
Assessable
Acre
Residential
Single Family
1.0 AU per
Residential Unit
1.0 AU per
Residential Unit
1.0 AU per
Residential Unit
1.0 AU per
Residential Unit
1.0 AU per
Residential
Unit
Apartments 0.6 AU per
Parcel
0.6 AU per
Parcel
0.6 AU per
Parcel
0.6 AU per
Parcel
0.6 AU per
Parcel
Public
Schools
0.0 AU per
Parcel
0.5 AU per
Assessable
Acre
0.0 AU per
Parcel
0.5 AU per
Assessable
Acre
0.5 AU per
Assessable
Acre
5.7 Cost of Living Inflator
Each fiscal year beginning Fiscal Year 2016/17, the maximum allowable assessment amount may be
increased by the percent change in the January to January Consumer Price Index for all Urban
Consumers for the Los Angeles-Anaheim-Riverside area, published by the United States Department
of Labor, Bureau of Labor Statistics; provided however, that any such annual increase shall not
exceed seven and one-half percent (7.5%).
If for any reason the percentage change is negative the maximum allowable assessment would not
be decreased by reason of such negative percentage change and would remain at the amount as
computed on the previous fiscal year regardless of any CPI adjustment. The annual assessment
cannot exceed the actual costs to operate the District in any given year. If operating costs are such
that the maximum assessment amount is not needed, the City would levy only what is needed for that
year.
PACKET PAGE: 140
AGENDA ITEM 3A.8
Landscape, Lighting, & Park District No. 2 Annexation 89 –City of San Jacinto 6-1
Prepared by NBS –Fiscal Year 2015/16
6.ASSESSMENT DIAGRAM
The assessment diagram is provided in Exhibit “A” of this report.The lines and dimensions shown on
maps of the County Assessor for the current year are incorporated by reference herein and made part
of this report.
PACKET PAGE: 141
AGENDA ITEM 3A.8
CITY OF SAN JACINTOLANDSCAPING, LIGHTING AND PARK DISTRICT NO. 2ANNEXATION NO. 89
FILED IN THE OFFICE OF THE CITY CLERK OF THE CITY OF SAN JACINTO, COUNTY OF RIVERSIDE, STATE OFCALIFORNIA, THIS_______DAY OF _________________, 2014.
_____________________________________________CITY CLERKCITY OF SAN JACINTOCOUNTY OF RIVERSIDE, CALIFORNIA
I HEREBY CERTIFY THAT THE WITHIN MAP SHOWING THE PROPOSED ANNEXATION INTO THE LANDSCAPING,LIGHTING AND PARK DISTRICT NO. 2, CITY OF SAN JACINTO, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, WASAPPROVED BY THE CITY COUNCIL OF THE CITY OF SAN JACINTO AT A REGULAR MEETING THEREOF, HELD ON THE_______ DAY OF _________________, 2014, BY ITS RESOLUTION NO. ________________.
_____________________________________________CITY CLERKCITY OF SAN JACINTOCOUNTY OF RIVERSIDE, CALIFORNIA
FILED THIS _______ DAY OF _________________, 2014, AT THE HOUR OF_______ O'CLOCK __M. IN BOOK __________AT PAGE ____________ OF MAPS OF ASSESSMENT AND COMMUNITY FACILITIES DISTRICTS, DOCUMENT NO.____________________, IN THE OFFICE OF THE COUNTY RECORDER OF THE COUNTY OF RIVERSIDE, STATE OFCALIFORNIA.
_____________________________________________DEPUTYCOUNTY RECORDERCOUNTY OF RIVERSIDE, CALIFORNIA
NOTE: THE ASSESSMENT NUMBER FOR EACH LOT OR PARCEL WITHIN THE DISTRICT IS THE ASSESSOR’S PARCELNUMBER AS ASSIGNED BY THE COUNTY OF RIVERSIDE ASSESSOR’S OFFICE.
NOTE: FOR A DETAILED DESCRIPTION OF THE LINES AND DIMENSIONS OF EACH PARCEL WITHIN THE DISTRICTREFER TO THE COUNTY OF RIVERSIDE ASSESSOR'S MAPS.
CITY OF SAN JACINTOCOUNTY OF RIVERSIDESTATE OF CALIFORNIA
436-450-019
S KIRBY STWHISPERING BELLS RD
COOPER BEECH PLLILAC RDSUNDEW WAYWATERLEAF WAYWILD THYME RD
0 0.015 0.03 0.0450.0075 Miles
Annexation Boundary/Parcel
Legend
Sheet 1 of 1
PACKET PAGE: 142AGENDA ITEM 3A.8
Landscape, Lighting, & Park District No. 2 Annexation 89 –City of San Jacinto 7-1
Prepared by NBS –Fiscal Year 2015/16
7.ASSESSMENT ROLL
The assessment roll is provided in Exhibit “B” of this report. The description of each lot or parcel as
part of the records of the County Assessor are by reference made part of this Report.
PACKET PAGE: 143
AGENDA ITEM 3A.8
Parcel Proposed Asmt.Storm Dollars Assessment
Identification Property Owner Name Land Use Acreage Units Street Lights Landscape Drain Concrete Graffiti per AU/per Parcel
(Lot Number)Code (acres)(AU)Maint.Maint.Maint.Removal Parcel ($)($)
Lot 1 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 2 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 3 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 4 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 5 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 6 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 7 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 8 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 9 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 10 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 11 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 12 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 13 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 14 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 15 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 16 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 17 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 18 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 19 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 20 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 21 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 22 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 23 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 24 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 25 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 26 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 27 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 28 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 29 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 30 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 31 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 32 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 33 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 34 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 35 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
Lot 36 Brosh SoCal Properties R1 n/a 1.00 $89.12 $66.13 $51.06 $34.78 $94.06 $335.15 $335.15
36.00 $3,208.31 $2,380.58 $1,838.13 $1,252.20 $3,386.11 $12,065.34
(36 Residential Lots)
TRACT No. 34586 Totals
CITY OF SAN JACINTO
LANDSCAPING, LIGHTING AND PARK DISTRICT NO. 2
Annexation No. 89
(Zone 89)
ASSESSMENT ROLL
TRACT No. 34586
PACKET PAGE: 144
AGENDA ITEM 3A.8
September 16, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Habib Motlagh, City Engineer
SUBJECT: 2014 Residential Slurry Seal & Downtown Pavement Rehabilitation
Project
RECOMMENDATION:
Award the contract to American Asphalt South, Inc. for sum of $886,040; reject all other
bids and authorize 20% contingency for construction and soft costs.
DISCUSSION:
At the bid opening of September 9, 2014, City Clerk received and opened 2 bids. The
low bid was submitted by American Asphalt South, Inc. of Fontana for sum of $886,040.
The next bid was submitted by Matich Corporation for the sum of $1,169,000.
American Asphalt South, Inc. has completed slurry seal/pavement rehabilitation work for
numerous agencies including the cities of Murrieta, Ontario, Rancho Cucamonga, and
Newport Beach. All references that were contacted stated that pavement rehabilitation
work was done by American Asphalt South, Inc. and their subcontractors were good.
American Asphalt South, Inc. recently completed an $8.2 million pavement rehabilitation
project for the City of Murrieta.
ALTERNATIVES:
Approval: Award the contract to American Asphalt South, Inc.
Denial: Do not award, reject the bid, and direct staff as necessary.
FISCAL IMPACT:
There are 2 components to this project, both of which have been budgeted. The first
component is for the Downtown Pavement Rehabilitation Project (CIP #11-006) and
funded by Measure A. The second component is funded from various AD #2003-1
zones, according to their planned street maintenance. Adequate funding for the
construction and 20% contingency is available in the various funds.
ATTACHMENTS:
· Bid Summary
· Project Exhibit
PACKET PAGE: 145
AGENDA ITEM 3A.9
PACKET PAGE: 147
AGENDA ITEM 3A.9
PACKET PAGE: 149
AGENDA ITEM 3A.9
PACKET PAGE: 150
AGENDA ITEM 3A.9
September 16, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Sharon Paisley, Development Director
SUBJECT: Request City Council Authorization to Submit a Two-Year Community
Development Block Grant Application to the Riverside County Economic
Development Agency for Program Years 2015-16 and 2016-17
RECOMMENDATION:
Staff recommends that the City Council, by motion:
1) Authorize the City Manager to submit an application to the Riverside County
Economic Development Agency (EDA) for a two-year Community Development
Block Grant (CDBG) allocation for street pavement rehabilitation and code
enforcement within HUD target census tracts; and
2) Schedule a Public Hearing for November 4, 2014.
DISCUSSION:
The County of Riverside (County) receives CDBG funds as a qualified urban county
under the U.S. Department of Housing and Urban Development’s (HUD) CDBG
Program. The County, through the EDA, distributes the CDBG funds through its Urban
County Program to cooperating cities like the City of San Jacinto.
The CDBG Program brings federal dollars to local communities for the purpose of
assisting low and moderate income residents through public services, infrastructure
improvements, economic development programs, and the elimination of slums and
blight. Funds are allocated through a complex formula based in part on total population
and the total number of low and moderate income households within each participating
city. To be eligible for CDBG funding, a program or project must meet at least one of
the three national objectives:
· Activities benefitting low and moderate income persons/households
· Activities which aid in the prevention or elimination of slums or blight
· Activities designated to meet community needs having a particular urgency
Programs and/or projects must also meet the eligibility requirements of the EDA’s
CDBG Program. While the CDBG Program allows for funding of public services, the
Program does not require that any specific amount of funds be utilized for public service
PACKET PAGE: 151
AGENDA ITEM 5.1
programs. However, it does not allow more than 15% of the total allocation to be
utilized for public service programs with the balance of funds being allocated to public
facilities and economic development programs. On the other hand, the CDBG program
does allow local jurisdictions to utilize 100% of their allocation for public facilities
projects at the discretion of the local governing board.
In the past, the City split its CDBG allocation between public service programs, public
facilities projects and code enforcement. With the exception of the most recent program
year distribution, the City’s allocation of CDBG funds was steadily reduced due to the
decline in the total amount of funds available to the CDBG Program nationally.
Therefore, in 2007, the City Council requested that the EDA allow the City to utilize its
available funds over a two-year period for a single project to provide curb, gutter and
sidewalk throughout targeted census tracts within the downtown area. The two-year
allocation, in the amount of $371,947, was matched by over $1 million in other federal
and non-federal funds.
Because the amount of funding was relatively small, the City submitted another multi-
year application for Program Years 2009-10, 2010-11 and 2011-12 to concentrate funds
for public facilities that would benefit the downtown census tracts. Since there were
many streets in the older neighborhoods with inadequate curb, gutter and sidewalk, the
EDA approved a multi-year CDBG allocation of $500,000, which was matched by $1
million in non-housing Redevelopment funds.
Due to the outstanding number of streets requiring pavement rehabilitation as well as
curb, gutter and sidewalk, coupled with the need for targeted code enforcement in the
downtown census tracts, the City submitted for and received EDA and HUD approval of
another multi-year application for Program Years 2012-13, 2013-14 and 2014-15 in the
amount of $609,537. Of that amount $406,358 was allocated for street improvements
and $203,179 was allocated to targeted code enforcement. Said funds were matched
with $327,017 in Measure A funds for the street improvements, while the General Fund
covered all other code enforcement costs.
The EDA recently advised staff that the City would be limited to a two-year allocation for
Program Years 2015-16 and 2016-17 estimated at approximately $400,000 or $200,000
for each year. As a result, the City Engineer has identified several streets requiring
pavement rehabilitation in the CDBG eligible areas (see attached map). Likewise,
targeted code enforcement is needed and remains a priority within those same
boundaries. Therefore, staff recommends that the City request funding for a two-year
CDBG project that will directly benefit eligible neighborhoods and the City in general.
As in prior years, matching funds will be required. Due to the elimination of
Redevelopment funds, the matching funds will be provided through Measure A, Gas
Tax, and/or other available sources.
The CDBG Application submittal deadline is November 21, 2014. As a requirement of
receiving CDBG funds, the City must notify the public regarding the proposed use of
PACKET PAGE: 152
AGENDA ITEM 5.1
funds. Staff recommends the City Council hold a public hearing on November 4, 2014
in order to fulfill this requirement.
ALTERNATIVES:
1) Authorize the City Manager to complete and submit an application to the EDA
requesting a two-year CDBG allocation to maximize the available funding for
street pavement improvements and code enforcement within the HUD eligible
census tracts.
2) Do not authorize a two-year CDBG application and approve projects and
programs on an annual basis.
FISCAL IMPACT:
The amount of funds that would be available through the CDBG program for a two-year
application is estimated at $200,000 for each of the next two years. The amount may
be adjusted upward or downward by HUD depending upon funding availability and other
circumstances.
Although there will be no fiscal impact to the City until an allocation is made by
HUD/EDA for a two-year project, the required matching funds must be determined at
the November 4 public hearing. Finally, provided that the City’s application is approved,
funds will be available for use on July 1, 2015 for projects and programs approved by
the City Council.
ATTACHMENTS:
· Map – CDBG Eligible Census Tracts / Low-Mod Block Groups
PACKET PAGE: 153
AGENDA ITEM 5.1
ECOMMONWEALTHAVE
W 7TH ST RAMONA BLVDR AMONA EXPY
Tract 043510BlkGrp 1
Tract 043510BlkGrp 2
Tract 043600BlkGrp 2
Tract 042721BlkGrp 2
Tract 043508BlkGrp 2
Tract 043600BlkGrp 4
Tract 043600BlkGrp 3
Tract 043507BlkGrp 2
Tract 043508BlkGrp 1
Tract 043506BlkGrp 1
Tract 043509BlkGrp 2
Tract 043511BlkGrp 1
Tract 043504BlkGrp 2
Tract 043600BlkGrp 1
Tract 043507BlkGrp 3
Tract 043508BlkGrp 3
Tract 043509BlkGrp 1
Tract 043511BlkGrp 2
MIDWAY ST
W MENLO AVE
HEMET STHEWITT STCORI DRS WARREN RDW COMMONWEALTH AVE DEANZADRS KIRBY STSCOVELL AVE
MERIDIAN STGIRARD ST NN STATE STSSANDERSONAVEOLMSTED ST
W 9T H S T IDYLLWILD DRE 7TH ST
RAMONA
EXPY
S A GECRE S T DR
S STATE STVILLINES AVECAWSTON AVEE ESPLANADE AVE
S
O
B
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A
RD
S
HA
D
YLNWSUNS
WE
PTDR
SANJACINTOAVECOTTONWOOD AVE
SORKSBILL DR
M
O
UNTAIN AVENPALMAVESHAVER ST
GARRETT WAYWESTERNVILLAGEDRMILLIE DRROANOKE ST SAVORY LNGOLD STALNE DR
S Y KE S D R
MOUTO
NDRREINH A R TST
E 1ST ST
W ESPLANADE AVE POLZIN
WAY
QUANDT RANCH RD
SERENA DR
LA PAZ AVE
CASERO S DRPEACEFULLN
PEAC OCK DR
TAFT AVE
BIRDIELNHARBOR STNOGA AVEEVANS STTIGER LNARTESIAN AVE
E MAIN ST
E 5TH ST
VIS T A RIO DR
WATEKA ST
CO LB Y ST CYP R ES S D R
SESTUDILLOAVESSANJACINTOAVESPICOAVEE 3RD ST
1ST ST
E MENLO AVE
OLD
M
O
UNTAIN
AV
E
P O T R E R O STRECORD RD
AGAPEAVE
S E AT T L E STARIARDW ESPLANADE AVE
ECHO RD
NLYONAVESANREMOAVELAKEPARKDRYOUNG STODELL AVESCOTT ST N KIRBY STRAMONA
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ReflectionLake
The information shown on this map was compiled from the Riverside County TLMA/GIS and theCity of San Jacinto GIS. The land base and facility information on this map is for displaypurpose only and should not be relied upon without independent verification as to its accuracy.Riverside County and City of San Jacinto will not be held responsible for any claims, lossesor damages resulting from the use of this map.
Updated 09/05/14
0 0.5 1 1.50.25 Miles
0 2,000 4,000 6,000 8,0001,000 Feet /
G:\Data\Census_Data\SJ_CensusBlockGroups3_upd_090514.mxd
City Boundary
Parcels
SJ Block Group Boundaries
EDA Low-Mod 2010 Census Tract
EDA Low-Mod 2010 Block Groups
Waterbodies
RESERVOIR
EDA 2014Census Low/ModerateIncome Summary Data(LMISD)PACKET PAGE: 155AGENDA ITEM 5.1