City Council/SA

1. CALL MEETING TO ORDER Note: All City Council memberships are reflected in their City Council titles. 2. ROLL CALL MAYOR LOA, MAYOR PRO TEM BETTENCOURT, COUNCILMEMBERS BISHOP, OHLSEN, ALARCÓN 3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE 4. PRESENTATIONS 4.1 Recognition of Palmdale High School Varsity Football Team for winning the CIF Southern Section Division 12 title and Highland High School Varsity Football Team for winning the CIF Southern Section Division 9 title. 4.2 Public Works Department Update. PW Presentation to Council 2025 Qtr 1.pptx PUBLIC COMMENT RULES “(California Government Code Section 54954.3). (a) Every agenda for regular meetings shall provide an opportunity for members of the public to directly address the legislative body on any item of interest to the public, before or during the legislative body’s consideration of the item, that is within the subject matter jurisdiction of the legislative body, provided that no action shall be taken on any item not CITY COUNCIL SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 TUESDAY, MARCH 4, 2025 5:00 PM www.cityofpalmdaleca.gov WELCOME City Council Tuesday, March 4, 2025 1

appearing on the agenda unless the action is otherwise authorized by subdivision (b) of Section 54954.2 [section omitted]. (b) (1) The legislative body of a local agency may adopt reasonable regulations to ensure that the intent of the subdivision (a) is carried out, including, but not limited to, regulations limiting the total amount of time allocated for public testimony on particular issues and for each individual speaker. (2) Notwithstanding paragraph (1), when the legislative body of a local agency limits time for public comment, the legislative body of a local agency shall provide at least twice the allotted time to a member of the public who utilizes a translator to ensure that non- English speakers receive the same opportunity to directly address the legislative body of a local agency.” In furtherance of Section 54954.3 of the Brown Act, the public is allotted to speak a total of two (2) minutes on the entirety of the Consent Calendar, Appointment(s), New Business and Closed Session, with two (2) minutes on each Public Hearing, and, if desired, an additional two (2) minutes on items not on the agenda that are within the subject matter jurisdiction of the City Council. As specified in the Brown Act, a speaker utilizing a translator will receive twice the amount of time specified. 5. PUBLIC COMMENTS CONSENT CALENDAR, APPOINTMENT(S), NEW BUSINESS, AND CLOSED SESSION: Now is the time for public participation on items listed on the Consent Calendar, Appointment(s), New Business, and Closed Session. Each speaker is allotted two (2) minutes in total for the entirety of the above sections. 6. CONSENT CALENDAR 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 Reports for January 2025. SR Monthly Investment Reports Jan 2025.docx Rpt. Monthly Investment Reports Jan 2025.pdf 6.3 Approve Second Amendment to Agreement with KJI Plumbing, Inc. for plumbing services increasing the agreement by $181,584, for a total not to exceed amount of $276,584 for a five-year term through June 30, 2026. SR Agrmt No. A-7551 Second Amendment with KJI Plumbing, Inc.docx City Council Tuesday, March 4, 2025 2

Agrmt No. A-7551 Second Amendment with KJI Plumbing, Inc.pdf Agrmt No. A-7551 First Amendment with KJI Plumbing, Inc.pdf Agrmt No. A-7551 with KJI Plumbing, Inc.pdf 6.4 Approve the First Amendment to the agreement with MNS Engineers, Inc. for PN 869, Arterial Road Rehabilitation Project, increasing the agreement by $270,831 for a total not to exceed amount of $1,095,746 with an extension of 65 working days for a total of 175 working days. SR Agrmt No. A-8786 First Amendment with MNS Engineers, Inc.docx Agrmt No. A-8786 First Amendment with MNS Engineers, Inc.pdf Agrmt No. A-8786 with MNS Engineers, Inc.pdf 6.5 Adopt Resolution No. CC 2025-032, A Resolution of the City Council of the City of Palmdale for the submittal, acceptance, and execution of related documents for the purpose of obtaining federal financial assistance under Public Law 93-288 as amended by Robert T. Stafford Disaster Relief and Emergency Assistance Act of 1988, and/or State financial assistance under the California Disaster Assistance Act. SR Reso. No. CC 2025-032.docx Reso. No. CC 2025-032 Cal OES Grant Application.docx 6.6 Approve the minutes from the previous meeting. Mins 02 18 2025.pdf 7. PUBLIC HEARING 7.1 Adopt Ordinance No. 1652 approving Zone Change 23-0003 and Adopt Resolution No. CC 2025-011 approving General Plan Amendment 23-0003, Tentative Parcel Map 84001, Conditional Use Permit 22-006, and Site Plan Review 22-007 and adopting the Mitigated Negative Declaration (SCH NO. 2024100683) and Mitigation Monitoring and Reporting Program (MMRP) prepared for the project. SR Ord. No. 1652 and Reso. No. CC 2025-011.docx Ord. No. 1652.docx Reso. No. CC 2025-011.docx Exh F Reso. No. CC 2025-011 MND.pdf Exh F Reso. No. CC 2025-011 MMRP.pdf 8. CITY MANAGER’S REPORT 9. NON-AGENDA PUBLIC COMMENTS: Now is the time for public participation on items not listed on the agenda. Each speaker is allotted two (2) minutes total. City Council Tuesday, March 4, 2025 3

10. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS 11. ADJOURN meeting to March 18, 2025, at 5:00 p.m. in the City Hall Council Chamber located at 38300 Sierra Highway, Suite B, Palmdale, California. 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. If you require oral translation, please contact the City Clerk’s Office at (661) 267-5151 at least 48 hours prior to the meeting. City Council Tuesday, March 4, 2025 4

1. CALL MEETING TO ORDER Note: All City Council memberships are reflected in their City Council titles. 2. ROLL CALL MAYOR LOA, MAYOR PRO TEM BETTENCOURT, COUNCILMEMBERS BISHOP, OHLSEN, ALARCÓN 3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE 4. PRESENTATIONS 4.1 Recognition of Palmdale High School Varsity Football Team for winning the CIF Southern Section Division 12 title and Highland High School Varsity Football Team for winning the CIF Southern Section Division 9 title. 4.2 Public Works Department Update. PW Presentation to Council 2025 Qtr 1.pptx PUBLIC COMMENT RULES “(California Government Code Section 54954.3). (a) Every agenda for regular meetings shall provide an opportunity for members of the public to directly address the legislative body on any item of interest to the public, before or during the legislative body’s consideration of the item, that is within the subject matter jurisdiction of the legislative body, provided that no action shall be taken on any item not CITY COUNCIL SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 TUESDAY, MARCH 4, 2025 5:00 PM www.cityofpalmdaleca.gov WELCOME City Council Tuesday, March 4, 2025

appearing on the agenda unless the action is otherwise authorized by subdivision (b) of Section 54954.2 [section omitted]. (b) (1) The legislative body of a local agency may adopt reasonable regulations to ensure that the intent of the subdivision (a) is carried out, including, but not limited to, regulations limiting the total amount of time allocated for public testimony on particular issues and for each individual speaker. (2) Notwithstanding paragraph (1), when the legislative body of a local agency limits time for public comment, the legislative body of a local agency shall provide at least twice the allotted time to a member of the public who utilizes a translator to ensure that non- English speakers receive the same opportunity to directly address the legislative body of a local agency.” In furtherance of Section 54954.3 of the Brown Act, the public is allotted to speak a total of two (2) minutes on the entirety of the Consent Calendar, Appointment(s), New Business and Closed Session, with two (2) minutes on each Public Hearing, and, if desired, an additional two (2) minutes on items not on the agenda that are within the subject matter jurisdiction of the City Council. As specified in the Brown Act, a speaker utilizing a translator will receive twice the amount of time specified. 5. PUBLIC COMMENTS CONSENT CALENDAR, APPOINTMENT(S), NEW BUSINESS, AND CLOSED SESSION: Now is the time for public participation on items listed on the Consent Calendar, Appointment(s), New Business, and Closed Session. Each speaker is allotted two (2) minutes in total for the entirety of the above sections. 6. CONSENT CALENDAR 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 Reports for January 2025. SR Monthly Investment Reports Jan 2025.docx Rpt. Monthly Investment Reports Jan 2025.pdf 6.3 Approve Second Amendment to Agreement with KJI Plumbing, Inc. for plumbing services increasing the agreement by $181,584, for a total not to exceed amount of $276,584 for a five-year term through June 30, 2026. SR Agrmt No. A-7551 Second Amendment with KJI Plumbing, Inc.docx City Council Tuesday, March 4, 2025

Agrmt No. A-7551 Second Amendment with KJI Plumbing, Inc.pdf Agrmt No. A-7551 First Amendment with KJI Plumbing, Inc.pdf Agrmt No. A-7551 with KJI Plumbing, Inc.pdf 6.4 Approve the First Amendment to the agreement with MNS Engineers, Inc. for PN 869, Arterial Road Rehabilitation Project, increasing the agreement by $270,831 for a total not to exceed amount of $1,095,746 with an extension of 65 working days for a total of 175 working days. SR Agrmt No. A-8786 First Amendment with MNS Engineers, Inc.docx Agrmt No. A-8786 First Amendment with MNS Engineers, Inc.pdf Agrmt No. A-8786 with MNS Engineers, Inc.pdf 6.5 Adopt Resolution No. CC 2025-032, A Resolution of the City Council of the City of Palmdale for the submittal, acceptance, and execution of related documents for the purpose of obtaining federal financial assistance under Public Law 93-288 as amended by Robert T. Stafford Disaster Relief and Emergency Assistance Act of 1988, and/or State financial assistance under the California Disaster Assistance Act. SR Reso. No. CC 2025-032.docx Reso. No. CC 2025-032 Cal OES Grant Application.docx 6.6 Approve the minutes from the previous meeting. Mins 02 18 2025.pdf 7. PUBLIC HEARING 7.1 Adopt Ordinance No. 1652 approving Zone Change 23-0003 and Adopt Resolution No. CC 2025-011 approving General Plan Amendment 23-0003, Tentative Parcel Map 84001, Conditional Use Permit 22-006, and Site Plan Review 22-007 and adopting the Mitigated Negative Declaration (SCH NO. 2024100683) and Mitigation Monitoring and Reporting Program (MMRP) prepared for the project. SR Ord. No. 1652 and Reso. No. CC 2025-011.docx Ord. No. 1652.docx Reso. No. CC 2025-011.docx Exh F Reso. No. CC 2025-011 MND.pdf Exh F Reso. No. CC 2025-011 MMRP.pdf 8. CITY MANAGER’S REPORT 9. NON-AGENDA PUBLIC COMMENTS: Now is the time for public participation on items not listed on the agenda. Each speaker is allotted two (2) minutes total. City Council Tuesday, March 4, 2025

10. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS 11. ADJOURN meeting to March 18, 2025, at 5:00 p.m. in the City Hall Council Chamber located at 38300 Sierra Highway, Suite B, Palmdale, California. 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. If you require oral translation, please contact the City Clerk’s Office at (661) 267-5151 at least 48 hours prior to the meeting. City Council Tuesday, March 4, 2025

Public Works Capital Improvement Program • Engineering • Innovation & Environmental Maintenance • Traffic

ENGINEERING & TRAFFIC DIVISION

• Project entitlements • Civil plans/final maps • Traffic studies • Traffic-related improvements • Traffic control plans • Construction permits • Inspections Engineering & Traffic

Engineering Division 2024 Statistics Permit Applications Plan Review Engineering Study Reviews Permits Issued 754 920 180 480

INNOVATION & ENVIRONMENTAL DIVISION

Innovation & Environmental • Solid waste and recycling • Illegal dumping • Sustainability and clean energy programs • EPIC (Energy for Palmdale’s Independent Choice ) • Digital Equity and broadband infrastructure • Public outreach and community engagement

4 2024 Accomplishments Palmdale is one of 22 California communities to earn the Clean California Community Designation.

4 2024 Accomplishments (cont’d)

4 Upcoming Projects & Programs • Power Choice • Power Choice Battery • Power Choice+ • Power Choice Homebuilders • McAdam Park EV Charging Stations • Avenue S Park & Ride (east) • Digital Art Contest • Device Distribution

CAPITAL IMPROVEMENT PROGRAM DIVISION

Capital Improvement Program Develop Implement Manage Project Phases Preliminary Concept Design Development Utility Coordination Right-of-Way Acquisition Coordination Construction Management Project Close-Out Construction Contract Administration Construction Contract Bid and Award

• General • Parks & Recreation • Street Improvements • Traffic Signals • Storm Water Protection • Sanitation Sewer Collection • Watershed Resources 2024 Five-Year CIP

2024 Completed Projects • Chimbole Cultural Center façade-stucco and roof repairs • Avenue R / 10th St. West Pavement Rehabilitation • Rancho Vista Blvd / Armfield Ave traffic signal • Avenue R / 45th St. East traffic signal • Oasis Park Recreation Center generator

Current Projects Projects 40 th Street East & Avenue S-8 Roundabout Avenue R Active Transportation Project North County ITS Phase IV Project Citywide Street Resurfacing Project Yellen Park Renovation Project, Phase 2 Traffic Signal Modification Project Citywide Pavement Cape Seal Project SR14 On/Off Ramp & Palmdale Blvd Widening Project

Street Improvement 2024 Statistics Improvements Quantity Roadway Paving 26 (lane miles) Bike Lane/Route 6.2 (lane miles) Sidewalks 92,000 (square feet) ADA Curb Ramps 78 ADA Ped Push Buttons 16 Streetlights 125 Landscaping 49,000 (square feet) High Visibility Crosswalks 60 Traffic Signals 16 Roundabouts 7

Upcoming Construction Projects Projects Avenue R-8 Street Improvement Project Citywide Pavement Cape Seal Project Palmdale Blvd Pavement Rehabilitation Project McAdam Park Renovation Project Courson Park Renovation Project Domenic Massari Park Ballfield Lighting

Projects in Design & Planning Phase Projects EOC Tenant Improvement Project HSIP Signal Modification and Pedestrian Improv. Project 45 th Street Sewer & Storm Drain Improvement Project SAVES Tenant Improvement Project Chimbole-Library-Finance Building Renovation Project Avenue R Regional Drainage Improvement Avenue T Street Improvement Project Rancho Vista Blvd Grade Separation Project

Contact Information Lee Torres, P.E. Director of Public Works 661/267-5300

City Council Staff Report DATE: MARCH 4, 2025 TO: HONORABLE MAYOR AND CITY COUNCIL FROM: OPERATIONS DEPARTMENT FINANCE DIVISION DISTRICT: ALL SUBJECT: RECEIVE AND FILE THE MONTHLY INVESTMENT ACTIVITY REPORTS FOR JANUARY 2025 RECOMMENDATION Staff recommends that the City Council receive and file the monthly investment activity reports for the City of Palmdale and Successor Agency for January 2025. BACKGROUND Pursuant to Section 16 of the City and Successor Agency Investment Policy, the City Treasurer shall prepare and present monthly and quarterly reports on investments to the City Manager/Executive Director and the City Council/Directors. The reports shall detail the type of investment, issuer’s name, purchase date, maturity date, amount of deposit, and interest rate. This information shall be provided for all City and Successor Agency pooled investments and for Certificates of Participation, Revenue Bonds, Tax Allocation Bonds, Assessment Districts, and Community Facilities District accounts managed by outside Fiscal Agents. The monthly investment reports provide a synopsis of the City and Successor Agency's investment activity. They provide information on assets, allocations, average maturities, yields, and book valuations. The interest rates presented are the most current rates available as of the date of this report. The market values presented for pooled City and Successor Agency investments are based on closing prices for the related investment as of the date of this report. This information was obtained from the Wall Street Journal, Bloomberg Financial Markets, Capital Market Finances, or other reliable sources of market prices.

Report to Mayor and City Council Re: Monthly Investment Reports March 4, 2025 Page 2 DISCUSSION Compliance with Investment Policy For January, the City’s invested portfolio totaled $325,684,282, an increase of $12,193,877 from the previous month and an increase of $2,916,124 compared to the prior year. The monthly increase resulted from the difference in maturities and new purchases and earned interest during this period. The par value of Successor Agency’s portfolio as of January was $12,185,329. The balance increased by $5,208,764 from the prior month due to funds received from Los Angeles County for Recognized Obligation Payment Schedule (ROPS) during the month. All investments meet criteria appropriate to Section 8 of the Investment Policy. The portfolios are based on a combination of various investments, including CDs, Corporate Notes, US Treasury Securities, and Government Agency Paper, each adhering to portfolio percentage limitations. The Finance Division is the custodian for the City and Successor Agency’s investment portfolio and follows the three main principles of both entities’ investment policies: 1) Investment in financial instruments that mitigate the risk of monetary losses stemming from market fluctuations; 2) Establish and maintain a portfolio that has sufficient liquidity to allow the City and Successor Agency to meet all anticipated cash requirements; and, 3) Seek out investment instruments that provide a competitive market rate of return. Liquidity One core approach the Finance Division focuses on is providing liquidity to meet the City and Successor Agency’s operational requirements. Thus, the City invests in two pooled funds, Local Agency Investment Fund (LAIF) and the California Asset Management Program (CAMP). These are intended for daily operational activities and can be used during economic uncertainties for ongoing operating and maintenance needs. The pooled funds provide a higher liquidity ratio to ensure the City and Successor Agency meet cash flow requirements. The City's LAIF balance at the end of January was $115,008,322, an increase of $13,152,324 from the prior month due to earned interest and the transfer of funds from general cash to LAIF in the current month. The Successor Agency’s LAIF balance at the end of January was $3,857,312, an increase of $44,297 from the prior month, due to earned interest.

Report to Mayor and City Council Re: Monthly Investment Reports March 4, 2025 Page 3 The City’s CAMP balance at the end of January was $51,989,186 compared to $51,788,998 in December. The increase is due to gained interest during the month. The interest rates presented are the most current rates available as of the date of this report. As of January 31, 2025, the interest rates for LAIF and CAMP investments were at 4.366 percent and 4.55 percent, respectively. By comparison, the LAIF and CAMP interest rates at the end of December were 4.434 percent and 4.73 percent. This time last year, LAIF and CAMP rates were at 4.012 percent and 5.54, respectively. The chart above shows the LAIF and CAMP average monthly yields from April 2024 through January 2025. The difference between the two funds’ performance is primarily due to their varying pool characteristics. CAMP’s portfolio composition is more prone to market volatility, resulting in performance variations. Diversity The Finance Division aims to diversify the investment portfolios to avoid incurring unreasonable and avoidable risks regarding specific security types or individual financial institutions. The City and Successor Agency’s investment portfolios remain strongly diversified. The monthly reports include all investments held by both entities and current book values as of January 31, 2025. The City and Successor Agency are expected to have sufficient funds to meet its expenditure requirements for the next six months. The Finance Division will continue to monitor current economic conditions and the impact on interest rates. 4.27% 4.33% 4.48% 4.52% 4.58% 4.58% 4.52% 4.48% 4.43% 4.37% 5.44% 5.43% 5.43% 5.43% 5.41% 5.29% 5.03% 4.87% 4.73% 4.55% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Apr May Q4 Jun July Aug Q1 Sep Oct Nov Q2 Dec Jan Pooled Investments Monthly Yields LAIF CAMP

Report to Mayor and City Council Re: Monthly Investment Reports March 4, 2025 Page 4 Attached are summaries of the investments in the City and Successor Agency’s books as of January 31, 2025. FISCAL IMPACT $0; There is no fiscal impact associated with the recommended actions 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, Director of Operations Certified as to availability of Funds: Janelle Samson, Director of Operations Approved by: Ronda Perez, City Manager Approved as to form: William P. Curley, III, City Attorney ATTACHMENTS Rpt. Monthly Investment Reports Jan 2025

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS JANUARY 31, 2025 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT U.S. TREASURY SECURITIES Yield 03-19-21 12-31-25 CITY 9128285T3 U.S. Treasury Note 2.63 3,000,000.00 3,260,634.36 2,902,140.00 05-11-21 02-28-26 CITY 9128286F2 U.S. Treasury Note 0.66 3,000,000.00 3,261,331.50 2,888,310.00 07-12-21 12-31-25 CITY 9128285T3 U.S. Treasury Note 2.63 5,000,000.00 5,451,958.35 4,836,900.00 03-08-23 03-31-26 CITY 9128286L9 U.S. Treasury Note 2.25 3,200,000.00 3,029,330.80 3,064,000.00 01-03-24 12-31-26 CITY 912828YX2 U.S. Treasury Note 0.04 5,000,000.00 4,696,880.23 4,666,600.00 01-03-24 06-30-27 CITY 91282CEW7 U.S. Treasury Note 0.04 5,000,000.00 4,897,630.28 4,825,200.00 01-03-24 09-30-27 CITY 91282CFM8 U.S. Treasury Note 0.04 2,500,000.00 2,523,771.66 2,472,450.00 01-08-24 02-15-26 CITY 91282CGL9 U.S. Treasury Note 0.04 5,000,000.00 4,987,205.23 4,932,250.00 01-08-24 06-15-26 CITY 91282CHH7 U.S. Treasury Note 0.04 5,000,000.00 5,001,760.94 4,942,800.00 12-18-24 09-30-29 CITY 91282CFL0 U.S. Treasury Note 0.39 5,000,000.00 4,977,094.45 4,977,094.45 12-18-24 10-31-29 CITY 91282CFT3 U.S. Treasury Note 0.40 5,000,000.00 4,988,321.47 4,988,321.47 12-18-24 11-30-29 CITY 91282CFY2 U.S. Treasury Note 0.39 5,000,000.00 4,942,086.29 4,942,086.29 01-02-25 12-31-29 CITY 91282CGB1 U.S. Treasury Note 0.39 3,000,000.00 2,949,835.02 2,949,192.75 TOTAL U.S. TREASURY SECURITIES 54,700,000.00$ 54,967,840.58$ 53,387,344.96$ GOVERNMENT AGENCY PAPER 06-10-20 06-16-25 CITY 3133ELK37 Federal Farm Credit 0.78 5,000,000.00 5,000,000.00 4,781,500.00 04-01-21 04-01-25 CITY 3133EMUP5 Federal Farm Credit 0.71 5,000,000.00 5,000,000.00 4,826,404.05 05-11-21 09-04-25 CITY 3133EJYM5 Federal Farm Credit 0.59 1,000,000.00 1,103,275.25 976,880.00 05-11-21 09-04-25 CITY 3133EJYM5 Federal Farm Credit 0.57 2,000,000.00 2,208,460.00 1,953,760.00 06-04-21 11-07-25 CITY 3135G06G3 Fannie Mae 0.55 3,000,000.00 2,993,675.25 2,826,750.00 06-30-21 12-30-25 CITY 3130AMRQ7 Federal Home Loan Note 0.88 3,000,000.00 3,000,000.00 2,821,947.30 07-29-21 04-29-26 CITY 3130AN5C0 Federal Home Loan Note 1.05 4,000,000.00 4,010,455.13 3,734,320.00 12-17-21 11-12-25 CITY 3134GXBM5 Federal Home Loan Note 1.15 1,150,000.00 1,125,785.50 1,082,265.00 12-17-21 06-23-25 CITY 3133ENHW3 Federal Farm Credit 1.17 10,000,000.00 10,000,000.00 9,595,310.20 12-20-21 07-30-25 CITY 3136G4ZP1 Fannie Mae 0.65 3,500,000.00 3,444,175.00 3,339,331.94 12-20-21 09-24-25 CITY 3134GWUG9 Freddie Mac 0.57 10,000,000.00 9,806,600.00 9,459,892.40 12-21-21 12-22-26 CITY 3133ENJC5 Federal Farm Credit 1.29 5,000,000.00 5,000,000.00 4,589,481.35 06-29-22 08-12-25 CITY 3133EL3P7 Federal Farm Credit 3.34 1,810,000.00 1,660,349.20 1,722,111.58 06-29-22 03-28-25 CITY 3130A5DH9 Federal Home Loan Note 3.34 1,950,000.00 1,937,715.00 1,920,301.71 06-24-22 02-26-27 CITY 3130AL5A8 Federal Home Loan Note 3.33 5,000,000.00 4,479,000.00 4,533,218.00 08-17-22 10-27-26 CITY 3134GW4C7 Freddie Mac 0.80 5,000,000.00 4,539,500.00 4,562,202.10 01-06-23 02-25-27 CITY 3130AQRH8 Federal Home Loan Note 4.38 5,000,000.00 4,590,638.89 4,670,265.65 01-06-23 04-19-27 CITY 3130ARHJ3 Federal Home Loan Note 4.38 5,000,000.00 4,801,354.86 4,801,570.80 05-18-23 05-18-27 CITY 3133EPKC8 Federal Farm Credit 5.39 5,000,000.00 5,000,000.00 4,991,602.80 06-05-23 05-30-28 CITY 3133EPLE3 Federal Farm Credit 4.67 2,815,000.00 2,822,746.50 2,790,565.80 05-03-24 05-01-28 CITY 3133ERCX7 Federal Farm Credit 5.17 5,000,000.00 5,000,000.00 5,000,777.50 12-03-24 12-04-29 CITY 3130B3XP3 Federal Home Loan 4.50 1,000,000.00 1,000,000.00 1,000,000.00 12-04-24 12-02-27 CITY 3133ERE23 Federal Farm Credit 4.32 1,000,000.00 1,000,000.00 1,000,000.00 01-27-25 07-27-27 CITY 3130B4RC7 Federal Home Loan Bank 4.50 3,000,000.00 3,000,000.00 3,000,000.00 01-28-25 07-21-27 CITY 3130B4QA27 Federal Home Loan Bank 4.55 3,000,000.00 3,000,000.00 3,000,000.00 TOTAL GOVERNMENT AGENCY PAPER 97,225,000.00$ 95,523,730.58$ 92,980,458.18$ CITY OF PALMDALE INVESTMENTS

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS JANUARY 31, 2025 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 NA 4.03 240,000.00 243,434.40 238,848.00 01-04-24 11-30-27 CITY 46656MVH1 JPMorgan Chase Bank DE US RT 4.76 240,000.00 242,022.91 240,415.20 01-04-24 12-28-28 CITY 09582YAV4 Blue Ridge Bank NA VA US RT 4.09 240,000.00 240,948.00 234,677.60 06-11-24 06-12-28 CITY 59541KCV7 Mid-Missouri Bank 5.15 245,000.00 245,034.57 243,510.50 06-11-24 06-11-26 CITY 38150VUZ0 Goldman Sachs Bank 5.05 245,000.00 245,033.90 245,615.57 06-13-24 06-13-29 CITY 89235MPP0 Toyota Financial SGS 4.65 245,000.00 245,000.00 246,281.17 06-14-24 06-15-26 CITY 34520LBC6 Forbright Bank 5.05 245,000.00 245,000.00 245,699.42 06-14-24 06-14-28 CITY 307811KA6 Farmers & Merchs Bank 5.00 245,000.00 245,000.00 242,169.22 06-14-24 06-14-29 CITY 69503PAB7 Pacific Valley Bank 5.20 245,000.00 245,000.00 243,313.18 06-17-24 06-17-26 CITY 8562855V9 State Bank of India 5.10 245,000.00 245,000.00 245,875.30 06-18-24 06-18-29 CITY 229083AA8 Evangeline Bank & Trust 5.30 245,000.00 245,000.00 245,000.16 06-20-24 06-22-26 CITY 06051XER9 Bank of America NA 5.05 245,000.00 245,000.00 245,737.44 06-21-24 06-22-26 CITY 35634MAE1 Freedom Bank/Maywood NJ 5.05 245,000.00 245,000.00 245,737.72 06-25-24 06-25-29 CITY 09776DAG9 BOM Bank 5.35 245,000.00 245,000.00 245,000.11 TOTAL CERTIFICATES OF DEPOSIT 3,415,000.00$ 3,421,473.78$ 3,407,880.59$ 05-17-23 03-01-26 CITY 30231GAT9 Exxon Mobile Corporation 3.04 1,000,000.00 982,084.11 967,125.82 05-17-23 03-02-26 CITY 194162AQ6 Colgate-Palmolive CO GlobalL 4.80 1,000,000.00 1,035,553.33 997,703.43 05-17-23 01-26-26 CITY 742718FY0 Procter & Gamble CO/The Global 4.10 1,000,000.00 1,018,471.67 987,387.46 01-04-24 07-27-26 CITY 61761J3R8 Morgan Stanley 4.70 500,000.00 481,185.25 478,020.00 01-04-24 06-15-26 CITY 46625HRS1 JPMorgan Chase & CO 4.52 500,000.00 484,840.25 481,325.00 01-04-24 03-02-28 CITY 718172CE7 Philip Morris Intl Inc 4.49 500,000.00 474,395.25 466,815.00 01-04-24 04-01-27 CITY 808513BW4 Charles Schaw Corp 4.68 500,000.00 479,390.25 477,190.00 01-09-24 06-02-26 CITY 11271LAA0 Brookfield Fin Inc 5.13 500,000.00 490,115.25 489,610.00 01-09-24 11-28-28 CITY 05565QDH8 BP Capital Markets PLC 4.48 500,000.00 483,460.25 475,490.00 01-09-24 01-28-26 CITY 06406RAQ0 Bank OF NY Mellon Corp 4.52 500,000.00 463,355.25 466,490.00 01-09-24 07-09-27 CITY 22550L2K6 Crdit Suisse New York 4.92 500,000.00 500,910.25 495,950.00 01-09-24 08-15-28 CITY 797440CE2 San Diego G & E 4.49 500,000.00 509,340.25 497,940.00 01-09-24 07-01-27 CITY 75973QAA5 Reneissance Financial 5.01 500,000.00 475,470.25 473,980.00 01-09-24 01-27-26 CITY 780082AD5 Royal Bank of Canada 4.97 500,000.00 496,930.25 492,915.00 08-27-24 02-01-29 CITY 06406RBN6 Bank of NY Mellon Corp 4.20 656,000.00 663,116.29$ 663,116.29$ TOTAL CORPORATE BONDS $9,156,000 $9,038,618 8,911,058.00$ STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND 09-01-84 n/a CITY 98-19-620 0.78 61,352,264.25 61,352,264.25 61,352,264.25 6-23-2008 n/a PCA 40-19-060 0.78 0.00 0.00 0.00 9-19-2024 n/a PFA 40-19-078 36,500,000.00 36,500,000.00 38,918,234.07 9-28-2021 n/a ARPA 19-19-004 0.78 14,737,823.36 14,737,823.36 14,737,823.36 TOTAL LAIF ACCOUNTS 112,590,087.61$ 112,590,087.61$ 115,008,321.68$ CAMP- CALIFORNIA ASSET MANAGEMENT PROGRAM 6080-01 n/a CITY 6080-01 0.30 51,989,186.34 51,989,186