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LEGISLATIVE BODY

ERIC OHLSEN, MAYOR

AUSTIN BISHOP, MAYOR PRO TEM

RICHARD J. LOA, COUNCILMEMBER

LAURA BETTENCOURT, COUNCILMEMBER

ANDREA ALARCÓN, COUNCILMEMBER

The City of Palmdale offers live AI-powered translation and captions through Wordly in

over 60 languages. Please scan the attached QR code or

visit CityOfPalmdaleCA.Gov/JoinWordly.

Americans with Disabilities Act (ADA) Accommodations

In accordance with the Americans with Disabilities Act of 1990, if you require a disability- related modification or accommodation to participate in this meeting, please contact the

City Clerk’s Office at (661) 267-5151 at least 48 hours prior to the meeting.

Public Comment Information

Members of the public may speak for up to three (3) minutes on the Consent Calendar,

Public Hearings, Appointments, New Business, and Closed Session items. To address

the Legislative Body on any agendized item, please complete a speaker card for the City

Clerk and indicate the item you wish to speak on. Speaker cards are available in the foyer

of the Council Chambers.

CITY COUNCIL

TEST

CITY COUNCIL CHAMBER

38300 SIERRA HIGHWAY

SUITE B

PALMDALE, CA 93550 TUESDAY, JUNE 2, 2026

9:00 AM

www.cityofpalmdaleca.gov

WELCOME

City Council Tuesday, June 2, 2026

1


[https://palmdale.granicus.com/services/legistar/download/pdf/4150424/SR_Monthly_Investment_Report_April_2026.pdf](https://palmdale.granicus.com/services/legistar/download/pdf/4150424/SR_Monthly_Investment_Report_April_2026.pdf)[https://palmdale.granicus.com/services/legistar/download/pdf/4150425/Rpt._Monthly_Investment_Report_April_2026.pdf](https://palmdale.granicus.com/services/legistar/download/pdf/4150425/Rpt._Monthly_Investment_Report_April_2026.pdf)[https://palmdale.granicus.com/services/legistar/download/pdf/4150435/SR_Reso._No._2026-036.pdf](https://palmdale.granicus.com/services/legistar/download/pdf/4150435/SR_Reso._No._2026-036.pdf)

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LEGISLATIVE BODY ERIC OHLSEN, MAYOR AUSTIN BISHOP, MAYOR PRO TEM RICHARD J. LOA, COUNCILMEMBER LAURA BETTENCOURT, COUNCILMEMBER ANDREA ALARCÓN, COUNCILMEMBER The City of Palmdale offers live AI-powered translation and captions through Wordly in over 60 languages. Please scan the attached QR code or visit CityOfPalmdaleCA.Gov/JoinWordly. Americans with Disabilities Act (ADA) Accommodations In accordance with the Americans with Disabilities Act of 1990, if you require a disability- related modification or accommodation to participate in this meeting, please contact the City Clerk’s Office at (661) 267-5151 at least 48 hours prior to the meeting. Public Comment Information Members of the public may speak for up to three (3) minutes on the Consent Calendar, Public Hearings, Appointments, New Business, and Closed Session items. To address the Legislative Body on any agendized item, please complete a speaker card for the City Clerk and indicate the item you wish to speak on. Speaker cards are available in the foyer of the Council Chambers. CITY COUNCIL TEST CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 TUESDAY, JUNE 2, 2026 9:00 AM www.cityofpalmdaleca.gov WELCOME City Council Tuesday, June 2, 2026

Please follow these guidelines to ensure the meeting runs smoothly: All comments must be respectful and courteous. Comments that are personal, threatening, obscene, insulting, or that attack others or berate differing viewpoints will not be allowed. Individuals who violate these rules or disrupt the meeting will be ruled out of order by the Chair and must immediately stop speaking. Disruptive individuals may be asked to leave the meeting. 1. CALL MEETING TO ORDER Note: All City Council memberships are reflected in their City Council titles. 2. ROLL CALL MAYOR OHLSEN, MAYOR PRO TEM BISHOP, COUNCILMEMBERS LOA, BETTENCOURT, ALARCÓN 3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE 4. PRESENTATIONS 5. NON-AGENDA PUBLIC COMMENTS - Now is the time for public participation. 6. CONSENT CALENDAR - Now is the time for public participation All matters listed under the Consent Calendar will be enacted by one motion unless an item(s) is pulled by Council, in which case the item(s) will be removed from the Consent Calendar and will be considered separately following this portion of the Agenda. 6.1 Waive full reading of the Resolution(s) and/or Ordinance(s) to be considered and voted on at this meeting. (This allows for reading the title only in lieu of reciting the entire text). 6.2 Receive and File the Monthly Investment Activity Report for April 2026. SR Monthly Investment Report April 2026.docx Rpt. Monthly Investment Report April 2026.pdf 6.3 Adopt Resolution No. CC 2026-036, a Resolution of the City Council of the City of Palmdale establishing an appropriations limit for Fiscal Year 2026-27 pursuant to Article XIII B of the California Constitution and repealing Resolution No. CC 2025- 044. SR Reso. No. CC 2026-036.docx City Council Tuesday, June 2, 2026

Reso. No. CC 2026-036.docx 6.4 Approve Purchase Order 20270000 with Amazon Capital Services, Inc., DBA Amazon Business, in an amount not to exceed $328,200 for Fiscal Year 2026-27. SR PO 20270000 Amazon Capital Services, Inc.docx PO 20270000 Amazon Capital Services, Inc.pdf Agrmt No. R-TC-17006 Amazon Renewal 3.pdf Agrmt No. R-TC-17006 Renewal 2.pdf Agrmt No. R-TC-17006 Renewal 1.pdf Agrmt No. R-TC-17006.pdf 6.5 Approve 33 non-profit organizations, including their proposed locations for fireworks stands, and recommend permit issuance. SR 2026 Fireworks Stands.docx Map - Fireworks Stand Location 2026.pdf 6.6 Receive and file the annual report for the Palmdale Tourism Improvement District (PTID) for fiscal year 2025-26. SR Receive and File the Annual Report for the PTID for FY 2025-26.docx Rpt. PTID for FY 2025-26.docx 6.7 Approve Agreement with Civica Law Group, APC for Legal Services for Criminal Prosecution of Palmdale Municipal Code Violations in an amount not to exceed $190,000 for a two-year term through June 30, 2028. SR Agrmt No. A-9871 with Civica Law Group APC.docx Agrmt No. A-9871 with Civica Law Group, APC.pdf Exhibit A - Rate Schedule.docx 6.8 Adopt Resolution No. CC 2026-008, a Resolution of the City Council of the City of Palmdale declaring its intention to continue assessments for Fiscal Year 2026-27, preliminarily approving the annual Engineer’s Report, and providing Notice of Public Hearing for the City of Palmdale Drainage Benefit Assessment Districts No. 1 and No. 2006-02. SR Reso. No. CC 2026-008.docx Reso. No. CC 2026-008.docx Fiscal Year 2026-27 Engineers Report Drainage Benefit Assessment Districts.pdf 6.9 Adopt Resolution No. CC 2026-009, a Resolution of the City Council of the City of Palmdale declaring its intention to continue assessments for Fiscal Year 2026-27, preliminarily approving the Annual Engineer’s Reports, and providing for Notice of Hearing for the City of Palmdale Landscape Maintenance Assessment Districts and Annexations, Park Maintenance and Recreation Improvement District, and Streetlight Maintenance Assessment Districts and Annexations. SR Reso. No. CC 2026-009.docx Reso. No. CC 2026-009.docx City Council Tuesday, June 2, 2026

Fiscal Year 2026-27 Combined Engineers Report for Landscape Maintenance Assesment Districts.pdf Fiscal Year 2026-27 Engineers Report for Park Maintenance and Recreation Assessment Districts.pdf Fiscal Year 2026-27 Engineers Report for Streetlight Maintenance Assessment Districts.pdf 6.10 Approve the minutes from the previous meeting. Mins 05 05 2026.pdf Mins 05 11 2026.pdf 7. APPOINTMENTS Now is the time for public participation on the Appointment and New Business section. 7.1 Reappointment of Planning Commissioners in Districts 1,3, and 4. SR PC Reappointments.docx 8. PUBLIC HEARING - Now is the time for public participation. Each public hearing will have its own public testimony. 8.1 Adopt Resolution No. CC 2026-028, a Resolution of the City Council of the City of Palmdale, approving MOD 26-0009 amending a previously approved density bonus agreement 22-002 (A-7912), to facilitate the construction of a 48-unit multi- family residential development on one vacant parcel totaling approximately one acre located East of 9th Street East, approximately 100 feet South of East Avenue Q; and, authorize the City Manager or his designee to exercise the option to amend the agreement as necessary, including minimal and /or non-substantive changes (APN: 3008-040-012). SR MOD 26-0009.docx Reso. No. CC 2026-028.docx Exh A - Legal Description for MOD 26-0009 .docx Exh B - Aerial Map for MOD 26-0009.docx Exh C - General Plan and Specific Plan Consistency for MOD 26-0009.docx Exh D - PMC and Specific Plan Standards for MOD 26-0009.docx Exh E - Density Bonus Housing Agreement (A-7912).docx 9. NEW BUSINESS - Now is the time for public participation. 9.1 Discussion and direction regarding the preparation of Resolutions related to the potential repeal and deferred implementation of Measure PD. SR Discussion Regarding Measure PD.docx 10. CITY MANAGER’S REPORT City Council Tuesday, June 2, 2026

11. SHERIFF'S REPORT 12. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS 13. CLOSED SESSION - Now is the time for public participation. PRESENTATION BY CITY ATTORNEY 14. ANNOUNCEMENT BY CITY ATTORNEY 15. ADJOURN meeting to XXXX XX, 2026, at 5:00 p.m. in the City Hall Council Chamber located at 38300 Sierra Highway, Suite B, Palmdale, California. City Council Tuesday, June 2, 2026

City Council Staff Report DATE: JUNE 2, 2026 TO: HONORABLE MAYOR AND CITY COUNCIL FROM: OPERATIONS DEPARTMENT FINANCE DIVISION DISTRICT: ALL SUBJECT: RECEIVE AND FILE THE MONTHLY INVESTMENT ACTIVITY REPORTS FOR APRIL 2026 RECOMMENDATION Staff recommend that the City Council: 1. Receive and file the April 2026 monthly investment activity reports for the City of Palmdale and Successor Agency. BACKGROUND In accordance with Section 16 of the City and Successor Agency Investment Policy, the City Treasurer is required to prepare and present monthly and quarterly investment reports to the City Manager/Executive Director and the City Council/Board of Directors. These reports include detailed information on each investment, including the investment type, issuer name, purchase date, maturity date, amount invested, and interest rate. Reporting covers all pooled investments of the City and Successor Agency, as well as Certificates of Participation, Revenue Bonds, Tax Allocation Bonds, Assessment Districts, and Community Facilities District accounts managed by external fiscal agents. The monthly investment reports provide an overview of the City and Successor Agency’s investment activity and portfolio performance. They summarize total assets, portfolio allocations, average maturities, yields, and book values. The interest rates presented reflect the most current rates available as of the report date. Market values for pooled City and Successor Agency investments are based on closing prices as of the report date. Pricing information is obtained from reputable sources, including the Wall Street Journal, Bloomberg Financial Markets, Capital Market Finance publications, and other reliable market data providers.

Report to Mayor and City Council Re: Monthly Investment Report April 2026 June 2, 2026 Page 2 DISCUSSION Compliance with Investment Policy As of April, the City’s total investment portfolio was valued at $327,192,616, reflecting an increase of $3,355,362 from the prior month and an increase of $12,613,771 compared to the same period last year. The month-over-month increase is attributable to interest earned and new investment purchases during the month. The Successor Agency’s portfolio had a par value of $14,645,312 as of April, representing an increase of $35,201 from the previous month. The increase is due to interest earned during the month. All investments are in full compliance with Section 8 of the City’s Investment Policy. The portfolios consist of a diversified mix of authorized investment instruments, including Certificates of Deposit, Corporate Notes, U.S. Treasury Securities, and Government Agency Securities, each maintained within established portfolio percentage limits. The Finance Division serves as custodian of the City and Successor Agency investment portfolios and adheres to the three primary objectives outlined in the Investment Policy:  Safeguard principal by investing in financial instruments that mitigate the risk of market-related losses;  Maintain sufficient liquidity to meet anticipated cash flow needs; and  Achieve a competitive market rate of return consistent with policy constraints. Liquidity Maintaining adequate liquidity to support operational requirements remains a key priority of the Finance Division. To support this objective, the City and Successor Agency invest in two pooled funds: the Local Agency Investment Fund (LAIF) and the California Asset Management Program (CAMP). These funds are designed to support daily operational needs and provide flexibility during periods of economic uncertainty. Their high liquidity ensures that both entities can meet ongoing cash flow demands. At the end of April, the City’s LAIF balance totaled $118,075,321, an increase of $1,146,025 from the prior month due to quarterly interest earned. The Successor Agency’s LAIF balance was $4,067,226, an increase of $39,470 from the prior month due to interest earnings. The City’s CAMP balance at the end of April was $54,772,251, compared to $54,602,460 in March. The increase is due to interest earned during the month.

Report to Mayor and City Council Re: Monthly Investment Report April 2026 June 2, 2026 Page 3 The interest rates presented reflect the most current rates available as of the date of this report. As of April 30, 2026, LAIF and CAMP were earning 3.811 percent and 3.78 percent, respectively. At the end of March, the rates were 3.826 percent for LAIF and 3.80 percent for CAMP. One year ago, LAIF and CAMP rates were 4.281 percent and 4.45 percent, respectively. The chart above shows the LAIF and CAMP average monthly yields from July 2025 through April 2026. Both investment pools experienced a gradual decline in yields during this period, reflecting the overall interest rate environment. CAMP initially provided higher yields than LAIF; however, beginning around December 2025, LAIF yields slightly exceeded CAMP yields and remained relatively more stable through April 2026. CAMP, on the other hand, appeared more sensitive to market fluctuations during this period. Diversity The Finance Division seeks to maintain a well-diversified investment portfolio in order to minimize exposure to risks associated with any single security type or financial institution. The City and Successor Agency portfolios remain appropriately diversified in accordance with the Investment Policy. The accompanying monthly reports detail all investments held by both entities, including current book values as of April 30, 2026. Based on current projections, both the City and the Successor Agency have sufficient funds to meet anticipated expenditure requirements over the next six months. The Finance Division will continue to closely monitor economic conditions and assess their potential impact on interest rates and overall portfolio performance. 4.26% 4.25% 4.21% 4.15% 4.10% 4.03% 3.93% 3.87% 3.83% 3.81% 4.41% 4.40% 4.36% 4.26% 4.10% 3.95% 3.85% 3.83% 3.80% 3.78% 3.40% 3.50% 3.60% 3.70% 3.80% 3.90% 4.00% 4.10% 4.20% 4.30% 4.40% 4.50% July Aug Q1 Sep Oct Nov Q2 Dec Jan Feb Q3 Mar Apr Pooled Investments Monthly Yields LAIF CAMP

Report to Mayor and City Council Re: Monthly Investment Report April 2026 June 2, 2026 Page 4 Attached are summaries of the investments in the City and Successor Agency’s books as of April 30, 2026. FISCAL IMPACT $0; There is no fiscal impact associated with the recommended action for this report. STRATEGIC PLAN Goal II: Ensure long-term fiscal health of the City and maintain funding for services. B. Manage resources, costs, and liabilities to ensure the City’s long-term fiscal health. C. Involve and expand engagement to enhance public oversight and transparency. Prepared by: Janelle Samson, Deputy City Manager Certified as to availability of Funds: Janelle Samson, Deputy City Manager Approved by: Salvador Mendez, City Manager Approved as to form: Alexandra Severino, City Attorney ATTACHMENTS Rpt. Monthly Investment Report April 2026

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS APRIL 30, 2026 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT U.S. TREASURY SECURITIES Yield 01-03-24 12-31-26 CITY 912828YX2 U.S. Treasury Note 0.04 5,000,000.00$ 4,696,880.23$ 4,848,850.00$ 01-03-24 06-30-27 CITY 91282CEW7 U.S. Treasury Note 0.04 5,000,000.00 4,897,630.28 4,954,900.00 01-03-24 09-30-27 CITY 91282CFM8 U.S. Treasury Note 0.04 2,500,000.00 2,523,771.66 2,522,450.00 01-08-24 06-15-26 CITY 91282CHH7 U.S. Treasury Note 0.04 5,000,000.00 5,001,760.94 5,006,000.00 12-18-24 09-30-29 CITY 91282CFL0 U.S. Treasury Note 0.39 5,000,000.00 4,977,094.45 5,022,250.00 12-18-24 10-31-29 CITY 91282CFT3 U.S. Treasury Note 0.40 5,000,000.00 4,988,321.47 5,047,050.00 12-18-24 11-30-29 CITY 91282CFY2 U.S. Treasury Note 0.39 5,000,000.00 4,942,086.29 5,021,300.00 01-02-25 12-31-29 CITY 91282CGB1 U.S. Treasury Note 0.39 3,000,000.00 2,949,835.02 3,012,300.00 11-17-25 09-30-30 CITY 91282CPA3 U.S. Treasury Note 3.63 3,000,000.00 3,015,470.91 3,001,130.25 01-23-26 06-30-29 CITY 91282CEV9 US Treasury Note 3.25 1,000,000.00 985,312.50 985,312.50 01-23-26 02-28-30 CITY 91282CGQ8 US Treasury Note 4.00 1,000,000.00 1,008,750.00 1,008,750.00 01-23-26 12-31-30 CITY 91282CJQ5 US Treasury Note 3.75 1,000,000.00 995,937.50 995,937.50 03-05-26 11-15-28 CITY 91282CPK1 US Treasury Note 3.50 2,000,000.00 1,997,812.50 1,997,812.50 03-16-26 04-15-28 CITY 91282CMW8 US Treasury Note 3.75 2,000,000.00 2,001,875.00 2,001,875.00 TOTAL U.S. TREASURY SECURITIES 45,500,000.00$ 44,982,538.75$ 45,425,917.75$ GOVERNMENT AGENCY PAPER 12-21-21 12-22-26 CITY 3133ENJC5 Federal Farm Credit 1.29 5,000,000.00 5,000,000.00 4,814,666.55 06-24-22 02-26-27 CITY 3130AL5A8 Federal Home Loan Note 3.33 5,000,000.00 4,479,000.00 4,758,477.85 08-17-22 10-27-26 CITY 3134GW4C7 Freddie Mac 0.80 5,000,000.00 4,539,500.00 4,800,207.95 01-06-23 02-25-27 CITY 3130AQRH8 Federal Home Loan Note 4.38 5,000,000.00 4,590,638.89 4,843,987.40 01-06-23 04-19-27 CITY 3130ARHJ3 Federal Home Loan Note 4.38 5,000,000.00 4,801,354.86 4,925,508.20 05-03-24 05-01-28 CITY 3133ERCX7 Federal Farm Credit 5.17 5,000,000.00 5,000,000.00 5,022,317.60 08-08-24 08-14-29 CITY 3134HADY6 Freddie Mac Domestic 4.00 4,000,000.00 3,946,000.00 3,971,348.28 12-03-24 12-04-29 CITY 3130B3XP3 Federal Home Loan 4.50 1,000,000.00 1,000,000.00 998,973.31 12-04-24 12-02-27 CITY 3133ERE23 Federal Farm Credit 4.32 1,000,000.00 1,000,000.00 1,003,072.14 01-27-25 07-27-27 CITY 3130B4RC7 Federal Home Loan Bank 4.50 3,000,000.00 3,000,000.00 3,019,381.53 01-28-25 07-21-27 CITY 3130B4QA2 Federal Home Loan Bank 4.55 3,000,000.00 3,000,000.00 3,003,732.24 06-27-25 04-30-29 CITY 3136GAGW3 Fannie Mae 4.75 5,000,000.00 5,000,000.00 4,993,056.90 09-08-25 10-08-27 CITY 3135G05Y5 Fannie Mae NTS 3.31 2,000,000.00 1,897,625.25 1,897,625.25 09-17-25 09-15-28 CITY 3133ETXV4 Federal Farm Credit Bond 3.83 1,400,000.00 1,402,403.14 1,400,000.00 11-17-25 11-06-30 CITY 3130B8BF8 Federal Home Loan 3.95 830,000.00 833,082.01 832,080.25 01-06-26 06-26-30 CITY 3133ET5K9 Federal Farm Credit Bank 4.07 3,000,000.00 2,998,500.00 2,998,500.00 01-06-26 01-06-31 CITY 3136GCCY9 Fannie Mae 4.00 4,000,000.00 4,000,000.00 4,000,000.00 03-05-26 03-05-29 CITY 3133EWFX3 Federal Farm Credit 3.70 2,000,000.00 1,997,000.00 1,997,000.00 03-10-26 09-10-29 CITY 3130B9RD4 Federal Home Loan 4.00 2,000,000.00 2,000,000.00 2,000,000.00 03-10-26 03-10-31 CITY 3134HCXZ7 Freddie Mac 3.70 2,000,000.00 1,988,000.00 1,988,000.00 03-17-26 03-14-28 CITY 3130B9WM8 Federal Home Loan 4.00 2,500,000.00 2,500,000.00 2,500,000.00 03-31-26 02-26-29 CITY 3134HCE96 Freddie Mac 4.21 1,500,000.00 1,500,000.00 1,500,000.00 04-14-26 04-14-31 CITY 3130BA4X2 Federal Home Loan 4.75 1,520,000.00 1,520,000.00 1,520,000.00 04-22-26 04-30-29 CITY 3133EWMX5 Federal Farm Credit 4.03 2,000,000.00 2,000,000.00 2,000,000.00 04-30-26 04-23-31 CITY 3130BAGD3 Federal Home Loan 4.20 2,000,000.00 2,000,000.00 2,000,000.00 TOTAL GOVERNMENT AGENCY PAPER 73,750,000.00$ 71,993,104.15$ 72,787,935.45$ CITY OF PALMDALE INVESTMENTS

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS APRIL 30, 2026 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT CERTIFICATES OF DEPOSIT 01-04-24 06-15-26 CITY 05580A4Y7 BMW Bank of NA 4.03 240,000.00$ 243,434.40$ 241,276.80$ 01-04-24 12-28-28 CITY 09582YAV4 Blue Ridge Bank 4.09 240,000.00 240,948.00 241,135.20 06-11-24 06-11-26 CITY 38150VUZ0 Goldman Sachs Bank 5.05 245,000.00 245,033.90 247,179.52 06-13-24 06-13-29 CITY 89235MPP0 Toyota Financial SGS 4.65 245,000.00 245,000.00 250,250.86 06-14-24 06-15-26 CITY 34520LBC6 Forbright Bank 5.05 245,000.00 245,000.00 247,279.55 06-14-24 06-14-28 CITY 307811KA6 Farmers & Merchs Bank 5.00 245,000.00 245,000.00 246,517.02 06-17-24 06-17-26 CITY 8562855V9 State Bank of India 5.10 245,000.00 245,000.00 247,345.31 06-20-24 06-22-26 CITY 06051XER9 Bank of America NA 5.05 245,000.00 245,000.00 247,339.38 06-21-24 06-22-26 CITY 35634MAE1 Freedom Bank/Maywood NJ 5.05 245,000.00 245,000.00 247,339.60 01-14-26 01-14-31 CITY 46659CSR2 JP Morgan Chase Bank NA 4.00 250,000.00 250,000.00 250,000.00 02-13-26 02-14-28 CITY 178180HL2 City National Bank Beverly Hills 3.85 250,000.00 250,000.00 250,000.00 02-20-26 02-20-29 CITY 33622PAP8 First Security Bank 3.90 250,000.00 250,000.00 250,000.00 03-05-26 02-25-30 CITY 61778EQC8 Morgan Stanley 3.95 250,000.00 250,000.00 250,000.00 03-11-26 03-12-29 CITY 61776N2D4 Morgan Stanley 3.80 250,000.00 250,000.00 250,000.00 TOTAL CERTIFICATES OF DEPOSIT 3,445,000.00$ 3,449,416.30$ 3,465,663.24$ CORPORATE BONDS 01-04-24 07-27-26 CITY 61761J3R8 Morgan Stanley 4.70 500,000.00$ 481,185.25$ 493,730.00$ 01-04-24 06-15-26 CITY 46625HRS1 JPMorgan Chase & CO 4.52 500,000.00 484,840.25 495,185.00 01-04-24 03-02-28 CITY 718172CE7 Philip Morris Intl Inc 4.49 500,000.00 474,395.25 487,000.00 01-04-24 04-01-27 CITY 808513BW4 Charles Schaw Corp 4.68 500,000.00 479,390.25 492,985.00 01-09-24 06-02-26 CITY 11271LAA0 Brookfield Fin Inc 5.13 500,000.00 490,115.25 498,735.00 01-09-24 07-09-27 CITY 22550L2K6 Crdit Suisse New York 4.92 500,000.00 500,910.25 507,650.00 01-09-24 08-15-28 CITY 797440CE2 San Diego G & E 4.49 500,000.00 509,340.25 510,425.00 01-09-24 07-01-27 CITY 75973QAA5 Reneissance Financial 5.01 500,000.00 475,470.25 492,385.00 08-27-24 02-01-29 CITY 06406RBN6 Bank of NY Mellon Corp 4.20 656,000.00 663,116.29 660,965.92 08-27-25 07-26-29 CITY 06406RBK2 Bank of Melon Corp 4.09 1,000,000.00 1,021,952.92 1,021,952.92 08-27-25 08-09-29 CITY 89236TMK8 Toyota Motor Crdt Corp 4.03 500,000.00 510,587.75 510,587.75 08-27-25 05-13-30 CITY 91324PDX7 United Health Group Inc 4.15 1,000,000.00 914,211.92 914,211.92 01-06-26 11-15-30 CITY 30303MAB8 Meta Platforms Inc Global 4.20 1,500,000.00 1,510,500.00 1,510,500.00 01-06-26 05-06-30 CITY 46647PBD7 JPMorgan Chase & Co 3.70 1,500,000.00 1,482,990.00 1,482,990.00 01-23-26 04-13-29 CITY 023135CG9 Amazon.com Inc 3.45 1,000,000.00 988,500.00 988,500.00 01-23-26 01-23-30 CITY 6174468G7 Morgan Stanley MTN 4.43 1,000,000.00 1,007,000.00 1,007,000.00 01-23-26 01-10-31 CITY 89236TPH2 Toyota Motor Credit Corp 4.20 1,000,000.00 998,300.00 998,300.00 02-12-26 02-12-31 CITY 95004HBB3 Wells Fargo Bank 4.15 2,000,000.00 2,000,000.00 2,000,000.00 02-23-26 02-23-29 CITY 06055JQF9 Bank of America Corp 4.05 2,000,000.00 2,000,000.00 2,000,000.00 03-05-26 11-20-30 CITY 023135CT1 Amazon.com Inc Global 4.10 1,500,000.00 1,510,500.00 1,510,500.00 03-05-26 02-15-31 CITY 02079KBK2 Alphabet Inc Global 4.10 1,000,000.00 1,006,000.00 1,006,000.00 03-05-26 03-21-29 CITY 59217GEZ8 Met Life Glob Funding 3.30 1,500,000.00 1,468,500.00 1,468,500.00 03-12-26 03-12-31 CITY 38151GAJ0 Goldman Sachs Bank 4.10 2,000,000.00 2,000,000.00 2,000,000.00 03-16-26 03-13-31 CITY 023135DD5 Amazon.com Inc Global 4.25 1,500,000.00 1,495,155.00 1,495,155.00 03-16-26 03-13-29 CITY 89236TPQ2 Toyota Motor Credit 4.05 1,000,000.00 997,600.00 997,600.00 04-23-26 05-07-30 CITY 57629TBX4 Massmutual Global 4.55 1,500,000.00 1,507,200.00 1,507,200.00 04-23-26 07-25-28 CITY 64952WFP3 New York Life Global 4.15 1,500,000.00 1,501,050.00 1,501,050.00 TOTAL CORPORATE BONDS 28,656,000.00$ 28,478,810.88$ 28,559,108.51$ STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND 09-01-84 n/a CITY 98-19-620 3.83 62,373,759.29$ 62,373,759.29$ 62,373,759.29$ 9-19-2024 n/a PFA 40-19-078 3.83 36,500,000.00 36,500,000.00 41,001,040.71 9-28-2021 n/a ARPA 19-19-004 3.83 14,700,521.41 14,700,521.41 14,700,521.41 TOTAL LAIF ACCOUNTS 113,574,280.70$ 113,574,280.70$ 118,075,321.41$ CAMP- CALIFORNIA ASSET MANAGEMENT PROGRAM 6080-01 n/a CITY 6080-01 3.80 54,772,250.66$ 54,772,250.66$ 54,772,250.66$ TOTAL CAMP ACCOUNTS 54,772,250.66$ 54,772,250.66$ 54,772,250.66$

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS APRIL 30, 2026 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT UBS FINANCIAL SERVICES n/a n/a CITY 0.00 4,106,419.45$ 4,106,419.45$ 4,106,419.45$ TOTAL UBS FINANCIAL SERVICES ACCOUNTS 4,106,419.45$ 4,106,419.45$ 4,106,419.45$ TOTAL CITY INVESTMENTS 323,803,950.81$ 321,356,820.89$ 327,192,616.47$ STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND 11-20-84 n/a LIBRARY 16-19-012 3.83 14,368.06$ TOTAL LIBRARY INVESTMENTS 14,368.06$ SIERRA GATEWAY COMMUNITY FACILITIES DISTRICT 91-1 Fiscal Agent: U.S. Bank National Association (fka First Trust) 05-10-95