City Council/SA

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. Translation QR Code. Translation QR Code.pdf 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 two (2) minutes on the Consent Calendar, CITY COUNCIL SPECIAL MEETING SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 MONDAY, NOVEMBER 9, 2026 5:00 PM www.cityofpalmdaleca.gov WELCOME City Council Monday, November 9, 2026 1

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. Zoom Meeting Room ID: 833 9679 8389 Passcode: 366562 Phone Number: +1 669 444 9171 US Please press *9 to "Raise Your Hand" and wait for the host to ask you to unmute yourself. Press *6 to unmute your microphone Please state your name and city of residence for the record and begin 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 4. PRESENTATIONS 4.1 Commendation to Garrett Rickert in honor of his retirement from the City of Palmdale 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 City Council Monday, November 9, 2026 2

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 and Quarterly Investment Activity Report for September 2026. SR Monthly and Quarterly Investment Report September 2026.docx Rpt. Monthly and Quarterly Investment Report September 2026.pdf 6.3 Approve Requisitions with Merjan Enterprises, Inc. dba SOV Security for the purchase of surveillance camera and access control equipment for a total not to exceed amount of $670,092.13. SR Requisition Nos. 270543 and 270561 with Merjan Enterprises, Inc.docx Requisition No. 270543.pdf Requisition No. 270561.pdf 6.4 Receive and File the annual activity report for Development Agreement pertaining to the Oasis Wellness Village Project located at the southeast corner of Palmdale Boulevard and Tierra Subida Avenue. SR Agrmt No. A-5595 Development Agreement with Oasis Wellness Village Project.docx Agrmt No. A-5595 Development Agreement with Oasis Wellness Village Project.pdf 6.5 Approve Agreement No. A-10116 with Converge Strategies, LLC, for planning and engineering services to support the U.S. Air Force Plant 42 (Plant 42) Installation Readiness Project for a total not to exceed $724,199, for a term of 18 months from the date of the Notice to Proceed. SR Agrmt No. A-10116 with Converge Strategies LLC.docx Agrmt No. A-10116 with Converge Strategies, LLC .pdf 6.6 Approve Fourth Amendment to Agreement with Pacific West Sound, Inc., to provide audio production and equipment services at the Palmdale Amphitheater increasing the amount of the agreement by $28,000 for a total amount not to exceed $1,116,475 for a term through June 30, 2027. SR Agrmt No. A-7866 Fourth Amendment Contract with Pacific West Sound Inc.docx Agrmt No. A-7866 Fourth Amendment with Pacific West Sound Inc.pdf Agrmt No. A-7866 Third Amendment with Pacific West Sound, Inc.pdf Agrmt No. A-7866 Second Amendment with Pacific West Sound, Inc.pdf Agrmt No. A-7866 First Amendment with Pacific West Sound, Inc.pdf Agrmt No. A-7866 with Pacific West Sound, Inc.pdf 6.7 Approve Agreement with Phoenix Group Information Systems for Citation City Council Monday, November 9, 2026 3

Processing Software and Related Services in an amount not to exceed $600,000 for a five-year term through November 3, 2031. SR Agrmt No. A-10074 with Phoenix Group Information Systems.docx Agrmt No. A-10074 with Phoenix Group Information Systems.pdf Exh A - Scope of Work.pdf Exh B - Cost Proposal.xlsx 6.8 Accept Notice of Completion (NOC) for Public Drainage Improvements for COPART located at the northwest corner of 40th Street East and Avenue L-8. SR NOC Copart.docx NOC.docx Exh A List of Completed Public Improvements.pdf Exh B Site Map.pdf Exh C Project Photos.pdf 6.9 Accept Notice of Completion (NOC) for Public Sewer and Drainage Improvements for Trader Joe's Distribution Center located at the southeast corner of 10th Street West and Columbia Way. SR NOC.docx NOC.docx List of Completed Public Improvements.pdf Site Map.pdf Project Photos.pdf 6.10 Approve First Amendment to Agreement with New Creation Builders for Design Services Phase I for South Antelope Valley Emergency Services (SAVES) Tenant Improvements and Relocation Project for a total not to exceed amount of $712,937, and extending the contract term to December 31, 2026. SR Agrmt No. A-9143 First Amendment with New Creation Builders.docx 1st Amendment to Agrmt No. A-9143 New Creation Builders Inc.pdf Agrmt No. A-9143 with New Creation Builders.pdf 6.11 Adopt Resolution Nos. CC 2026-062 and CC 2026-063, Resolutions of the City Council of the City of Palmdale, initiating proceedings for the annexation of territory to the City of Palmdale Streetlight Maintenance Assessment District No. 1, as Annexation 2026-204, preliminarily approving the Annexation and Annual Levy Report, declaring the City's intention to annex territory to the City of Palmdale Streetlight Maintenance Assessment District No. 1, as Annexation 2026-204 and to levy and collect assessments for Fiscal Year 2026-27. SR Reso. Nos. CC 2026-062 and CC 2026-063.docx Reso. No. CC 2026-062.docx Reso. No. CC 2026-063.docx Rpt Annexation and Annual Levy.pdf Assessment District Diagram.pdf 6.12 Adopt Resolution No. CC 2026-061, a Resolution of the City Council of the City of City Council Monday, November 9, 2026 4

Palmdale adopting an amended Conflict of Interest Code containing revised designated positions and disclosure categories and repealing all prior resolutions. SR Reso. No. CC 2026-061 Conflict of Interest Code.docx Reso. No. CC 2026-061 Conflict of Interest.docx Appendices.docx 6.13 Approve the minutes from the previous meeting. Mins 10 06 2026.pdf Mins 10 20 2026.pdf 7. PUBLIC HEARING - Now is the time for public participation. Each public hearing will have its own public testimony. 7.1 Adopt Ordinance No.1672, an Ordinance of the City Council of the City of Palmdale, approving Zoning Ordinance Amendment No. 26-0001 to modify Chapter 17.88 (Signs) and finding that the amendment is exempt from environmental review. SR Ord. No. 1672.docx Ord. No. 1672.docx Reso. No. PC-2026-004.pdf 7.2 Adopt Resolution No. CC 2026-064, a Resolution of the City Council of the City of Palmdale approving the annexation and annual levy report for the annexation of certain territory to the City of Palmdale Streetlight Maintenance Assessment District No. 1, as Annexation 2026-204, and ordering the levy and collection of assessments within said assessment district for Fiscal Year 2026-27. SR Reso. No. CC 2026-064.docx Reso. No. CC 2026-064.docx Rpt Annexation and Annual Levy.pdf Exh A Certificate of Tabulation Official.docx Assessment District Diagram.pdf 7.3 Adopt Resolution No. CC 2026-065, A Resolution of the City Council of the City of Palmdale approving the issuance of exempt facility bonds by the California Municipal Financing Authority (CMFA) in an aggregate outstanding principal amount not to exceed $20,000,000 to finance and refinance a 48-unit qualified residential rental project, located at 38732 9th Street E., in the City of Palmdale, for the benefit of 9th Street E. Housing, LP (or an Affiliate), and certain other matters relating thereto. SR Reso. No. CC 2026-065 TEFRA.docx Reso. No. CC 2026-065 TEFRA.docx 8. APPOINTMENTS - Now is the time for public participation on the Appointments. City Council Monday, November 9, 2026 5

8.1 Nominate and appoint one member to serve on the Antelope Valley Mosquito and Vector Control District Board. SR AV Mosquito Vector Appointment.docx Apps AVMVD.pdf 8.2 Nominate and appoint two Directors to represent the City of Palmdale on the Palmdale Aerospace Academy (TPAA) Board of Directors. SR TPAA Appointments.docx Apps TPAA.pdf 8.3 Review and provide direction on changes to existing committee appointments. SR City Council Committee Appointments updated.pdf 9. NEW BUSINESS - Now is the time for public participation. 9.1 Adopt Ordinance No. 1671, an Ordinance of the City Council of the City of Palmdale amending Palmdale Municipal Code Section 3.08.240 to establish reporting requirements for the exercise of delegated authority to the City Manager. SR Ord. No. 1671, Amending PMC Section 3.08.240.docx Ord. No. 1671, Amending PMC Section 3.08.240.docx 9.2 City Attorney Oversight Policy. SR Adopt City Attorney Oversight Policy.docx City Attorney Oversight Policy.docx 9.3 Automated External Defibrillator (AED) update. SR AED Update.docx 10. CITY MANAGER’S REPORT 11. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS 12. ADJOURNMENT City Council Monday, November 9, 2026 6

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. Translation QR Code. Translation QR Code.pdf 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 two (2) minutes on the Consent Calendar, CITY COUNCIL SPECIAL MEETING SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 MONDAY, NOVEMBER 9, 2026 5:00 PM www.cityofpalmdaleca.gov WELCOME City Council Monday, November 9, 2026

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. Zoom Meeting Room ID: 833 9679 8389 Passcode: 366562 Phone Number: +1 669 444 9171 US Please press *9 to "Raise Your Hand" and wait for the host to ask you to unmute yourself. Press *6 to unmute your microphone Please state your name and city of residence for the record and begin 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 4. PRESENTATIONS 4.1 Commendation to Garrett Rickert in honor of his retirement from the City of Palmdale 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 City Council Monday, November 9, 2026

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 and Quarterly Investment Activity Report for September 2026. SR Monthly and Quarterly Investment Report September 2026.docx Rpt. Monthly and Quarterly Investment Report September 2026.pdf 6.3 Approve Requisitions with Merjan Enterprises, Inc. dba SOV Security for the purchase of surveillance camera and access control equipment for a total not to exceed amount of $670,092.13. SR Requisition Nos. 270543 and 270561 with Merjan Enterprises, Inc.docx Requisition No. 270543.pdf Requisition No. 270561.pdf 6.4 Receive and File the annual activity report for Development Agreement pertaining to the Oasis Wellness Village Project located at the southeast corner of Palmdale Boulevard and Tierra Subida Avenue. SR Agrmt No. A-5595 Development Agreement with Oasis Wellness Village Project.docx Agrmt No. A-5595 Development Agreement with Oasis Wellness Village Project.pdf 6.5 Approve Agreement No. A-10116 with Converge Strategies, LLC, for planning and engineering services to support the U.S. Air Force Plant 42 (Plant 42) Installation Readiness Project for a total not to exceed $724,199, for a term of 18 months from the date of the Notice to Proceed. SR Agrmt No. A-10116 with Converge Strategies LLC.docx Agrmt No. A-10116 with Converge Strategies, LLC .pdf 6.6 Approve Fourth Amendment to Agreement with Pacific West Sound, Inc., to provide audio production and equipment services at the Palmdale Amphitheater increasing the amount of the agreement by $28,000 for a total amount not to exceed $1,116,475 for a term through June 30, 2027. SR Agrmt No. A-7866 Fourth Amendment Contract with Pacific West Sound Inc.docx Agrmt No. A-7866 Fourth Amendment with Pacific West Sound Inc.pdf Agrmt No. A-7866 Third Amendment with Pacific West Sound, Inc.pdf Agrmt No. A-7866 Second Amendment with Pacific West Sound, Inc.pdf Agrmt No. A-7866 First Amendment with Pacific West Sound, Inc.pdf Agrmt No. A-7866 with Pacific West Sound, Inc.pdf 6.7 Approve Agreement with Phoenix Group Information Systems for Citation City Council Monday, November 9, 2026

Processing Software and Related Services in an amount not to exceed $600,000 for a five-year term through November 3, 2031. SR Agrmt No. A-10074 with Phoenix Group Information Systems.docx Agrmt No. A-10074 with Phoenix Group Information Systems.pdf Exh A - Scope of Work.pdf Exh B - Cost Proposal.xlsx 6.8 Accept Notice of Completion (NOC) for Public Drainage Improvements for COPART located at the northwest corner of 40th Street East and Avenue L-8. SR NOC Copart.docx NOC.docx Exh A List of Completed Public Improvements.pdf Exh B Site Map.pdf Exh C Project Photos.pdf 6.9 Accept Notice of Completion (NOC) for Public Sewer and Drainage Improvements for Trader Joe's Distribution Center located at the southeast corner of 10th Street West and Columbia Way. SR NOC.docx NOC.docx List of Completed Public Improvements.pdf Site Map.pdf Project Photos.pdf 6.10 Approve First Amendment to Agreement with New Creation Builders for Design Services Phase I for South Antelope Valley Emergency Services (SAVES) Tenant Improvements and Relocation Project for a total not to exceed amount of $712,937, and extending the contract term to December 31, 2026. SR Agrmt No. A-9143 First Amendment with New Creation Builders.docx 1st Amendment to Agrmt No. A-9143 New Creation Builders Inc.pdf Agrmt No. A-9143 with New Creation Builders.pdf 6.11 Adopt Resolution No. CC 2026-061, a Resolution of the City Council of the City of Palmdale adopting an amended Conflict of Interest Code containing revised designated positions and disclosure categories and repealing all prior resolutions. SR Reso. No. CC 2026-061 Conflict of Interest Code.docx Reso. No. CC 2026-061 Conflict of Interest.docx Appendices.docx 6.12 Approve the minutes from the previous meeting. Mins 10 06 2026.pdf Mins 10 20 2026.pdf 6.13 Adopt Resolution Nos. CC 2026-062 and CC 2026-063, Resolutions of the City Council of the City of Palmdale, initiating proceedings for the annexation of territory to the City of Palmdale Streetlight Maintenance Assessment District No. City Council Monday, November 9, 2026

1, as Annexation 2026-204, preliminarily approving the Annexation and Annual Levy Report, declaring the City's intention to annex territory to the City of Palmdale Streetlight Maintenance Assessment District No. 1, as Annexation 2026-204 and to levy and collect assessments for Fiscal Year 2026-27. SR Reso. Nos. CC 2026-062 and CC 2026-063.docx Reso. No. CC 2026-062.docx Reso. No. CC 2026-063.docx Rpt Annexation and Annual Levy.pdf Assessment District Diagram.pdf 7. PUBLIC HEARING - Now is the time for public participation. Each public hearing will have its own public testimony. 7.1 Adopt Resolution No. CC 2026-064, a Resolution of the City Council of the City of Palmdale approving the annexation and annual levy report for the annexation of certain territory to the City of Palmdale Streetlight Maintenance Assessment District No. 1, as Annexation 2026-204, and ordering the levy and collection of assessments within said assessment district for Fiscal Year 2026-27. SR Reso. No. CC 2026-064.docx Reso. No. CC 2026-064.docx Rpt Annexation and Annual Levy.pdf Exh A Certificate of Tabulation Official.docx Assessment District Diagram.pdf 7.2 Adopt Ordinance No.1672, an Ordinance of the City Council of the City of Palmdale, approving Zoning Ordinance Amendment No. 26-0001 to modify Chapter 17.88 (Signs) and finding that the amendment is exempt from environmental review. SR Ord. No. 1672.docx Ord. No. 1672.docx Reso. No. PC-2026-004.pdf 7.3 Adopt Resolution No. CC 2026-065, A Resolution of the City Council of the City of Palmdale approving the issuance of exempt facility bonds by the California Municipal Financing Authority (CMFA) in an aggregate outstanding principal amount not to exceed $20,000,000 to finance and refinance a 48-unit qualified residential rental project, located at 38732 9th Street E., in the City of Palmdale, for the benefit of 9th Street E. Housing, LP (or an Affiliate), and certain other matters relating thereto. SR Reso. No. CC 2026-065 TEFRA.docx Reso. No. CC 2026-065 TEFRA.docx 8. APPOINTMENTS - Now is the time for public participation on the Appointments. City Council Monday, November 9, 2026

8.1 Nominate and appoint one member to serve on the Antelope Valley Mosquito and Vector Control District Board. SR AV Mosquito Vector Appointment.docx Apps AVMVD.pdf 8.2 Nominate and appoint two Directors to represent the City of Palmdale on the Palmdale Aerospace Academy (TPAA) Board of Directors. SR TPAA Appointments.docx Apps TPAA.pdf 8.3 Review and provide direction on changes to existing committee appointments. SR City Council Committee Appointments updated.pdf 9. NEW BUSINESS - Now is the time for public participation. 9.1 Adopt Ordinance No. 1671, an Ordinance of the City Council of the City of Palmdale amending Palmdale Municipal Code Section 3.08.240 to establish reporting requirements for the exercise of delegated authority to the City Manager. SR Ord. No. 1671, Amending PMC Section 3.08.240.docx Ord. No. 1671, Amending PMC Section 3.08.240.docx 9.2 City Attorney Oversight Policy. SR Adopt City Attorney Oversight Policy.docx City Attorney Oversight Policy.docx 9.3 Automated External Defibrillator (AED) update. SR AED Update.docx 10. CITY MANAGER’S REPORT 11. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS 12. ADJOURNMENT City Council Monday, November 9, 2026

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City Council Staff Report DATE: NOVEMBER 9, 2026 TO: HONORABLE MAYOR AND CITY COUNCIL FROM: OPERATIONS DEPARTMENT FINANCE DIVISION DISTRICT: ALL SUBJECT: RECEIVE AND FILE THE MONTHLY AND QUARTERLY INVESTMENT ACTIVITY REPORTS FOR SEPTEMBER 2026 RECOMMENDATION Staff recommend that the City Council: 1. Receive and file the September 2026 monthly and quarterly 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 and quarterly 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 and Quarterly Investment Report September 2026 November 9, 2026 Page 2 DISCUSSION Compliance with Investment Policy As of September, the City’s total investment portfolio was valued at $370,915,533, an increase of $21,325,568 from the prior month and an increase of $64,663,211 over the same period last year. The monthly increase is primarily due to new investment purchases of $8,000,000 and investment into the Local Agency Investment Fund (LAIF) of $17,756,000, offset by some operational costs during the current month. The Successor Agency’s portfolio had a par value of $3,484,109 as of September, representing a decrease of $5,856,344 from the previous month. The decrease is attributed to the debt service payment made from the trustee account this 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 September, the City’s LAIF balance totaled $141,273,112, an increase of $17,756,000 from the prior month, primarily due to transfers made from General bank to LAIF for the month. The Successor Agency’s LAIF balance was $2,606,929, with no change from the prior month.

Report to Mayor and City Council Re: Monthly and Quarterly Investment Report September 2026 November 9, 2026 Page 3 The City’s CAMP balance at the end of September was $55,648,755, compared to $55,472,426 in August. The increase is due to interest earned during the month. The interest rates presented reflect the most current rates available as of the date of this report. As of September 30, 2026, LAIF and CAMP were earning 3.908 percent and 3.87 percent, respectively. At the end of August, the rates were 3.863 percent for LAIF and 3.80 percent for CAMP. One year ago, LAIF and CAMP rates were 4.212 percent and 4.36 percent, respectively. The chart above compares the average monthly yields of the City’s LAIF and CAMP investment pools from December 2025 through September 2026. Both investment pools experienced a gradual decline in yields through April of 2026, followed by a period of stabilization and modest increases beginning in May. LAIF yields remained slightly above CAMP yields for most of the period and ended September 2026 at 3.91%, compared to 3.87% for CAMP. 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 September 30, 2026. 4.03% 3.93% 3.87% 3.83% 3.81% 3.81% 3.82% 3.84% 3.86% 3.91% 3.95% 3.85% 3.83% 3.80% 3.78% 3.76% 3.77% 3.78% 3.80% 3.87% 3.60% 3.65% 3.70% 3.75% 3.80% 3.85% 3.90% 3.95% 4.00% 4.05% Q2 Dec Jan Feb Q3 Mar Apr May Q4 June Jul Aug Q1 Sep Pooled Investments Monthly Yields LAIF CAMP

Report to Mayor and City Council Re: Monthly and Quarterly Investment Report September 2026 November 9, 2026 Page 4 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. Attached are summaries of the investments in the City and Successor Agency’s books as of September 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: Taylor Anderson, Deputy City Attorney ATTACHMENTS Rpt. Monthly and Quarterly Investment Report September 2026

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS SEPTEMBER 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$ 4,945,900.00$ 01-03-24 06-30-27 CITY 91282CEW7 U.S. Treasury Note 0.04 5,000,000.00 4,897,630.28 4,958,500.00 01-03-24 09-30-27 CITY 91282CFM8 U.S. Treasury Note 0.04 2,500,000.00 2,523,771.66 2,499,600.00 12-18-24 09-30-29 CITY 91282CFL0 U.S. Treasury Note 0.39 5,000,000.00 4,977,094.45 4,957,250.00 12-18-24 10-31-29 CITY 91282CFT3 U.S. Treasury Note 0.40 5,000,000.00 4,988,321.47 4,974,800.00 12-18-24 11-30-29 CITY 91282CFY2 U.S. Treasury Note 0.39 5,000,000.00 4,942,086.29 4,954,100.00 01-02-25 12-31-29 CITY 91282CGB1 U.S. Treasury Note 0.39 3,000,000.00 2,949,835.02 2,971,980.00 11-17-25 09-30-30 CITY 91282CPA3 U.S. Treasury Note 3.63 3,000,000.00 3,015,470.91 2,935,770.00 01-23-26 06-30-29 CITY 91282CEV9 US Treasury Note 3.25 1,000,000.00 985,312.50 974,726.56 01-23-26 02-28-30 CITY 91282CGQ8 US Treasury Note 4.00 1,000,000.00 1,008,750.00 994,492.19 01-23-26 12-31-30 CITY 91282CJQ5 US Treasury Note 3.75 1,000,000.00 995,937.50 982,070.31 03-05-26 11-15-28 CITY 91282CPK1 US Treasury Note 3.50 2,000,000.00 1,997,812.50 1,970,468.76 03-16-26 04-15-28 CITY 91282CMW8 US Treasury Note 3.75 2,000,000.00 2,001,875.00 1,986,171.88 05-05-26 05-15-28 CITY 91282CND9 U.S. Treasury Note 3.75 2,000,000.00 1,993,750.00 1,985,625.00 05-05-26 10-15-28 CITY 91282CPC9 U.S. Treasury Note 3.50 2,000,000.00 1,980,312.50 1,971,406.26 06-17-26 01-31-28 CITY 91282CGH8 U.S. Treasury Note 3.50 2,000,000.00 1,984,375.00 1,979,921.88 06-23-26 11-30-27 CITY 91282CFZ9 U.S. Treasury Note 3.88 3,000,000.00 2,988,750.00 2,988,632.82 07-23-26 08-31-27 CITY 91282CNV9 U.S. Treasury Note 3.63 1,000,000.00 994,062.50 994,062.50 07-24-26 02-15-28 CITY 91282CMN8 U.S. Treasury Note 4.25 1,000,000.00 999,062.50 999,062.50 09-15-26 09-30-28 CITY 91282CJA0 U.S. Treasury Note 4.58 1,000,000.00 1,000,937.50 1,000,937.50 09-15-26 02-15-28 CITY 91282CMN8 U.S. Treasury Note 4.48 1,000,000.00 996,875.00 996,875.00 09-15-26 07-31-28 CITY 91282CRB9 U.S. Treasury Note 4.56 1,000,000.00 994,375.00 994,375.00 09-30-26 01-15-28 CITY 91282CMF5 U.S. Treasury Note 4.72 3,000,000.00 2,982,187.50 2,982,187.50 TOTAL U.S. TREASURY SECURITIES 57,500,000.00$ 56,895,465.31$ 56,998,915.66$ GOVERNMENT AGENCY PAPER 12-21-21 12-22-26 CITY 3133ENJC5 Federal Farm Credit 1.29 5,000,000.00 5,000,000.00 4,931,455.55 06-24-22 02-26-27 CITY 3130AL5A8 Federal Home Loan Note 3.33 5,000,000.00 4,479,000.00 4,899,467.95 08-17-22 10-27-26 CITY 3134GW4C7 Freddie Mac 0.80 5,000,000.00 4,539,500.00 4,950,573.55 01-06-23 02-25-27 CITY 3130AQRH8 Federal Home Loan Note 4.38 5,000,000.00 4,590,638.89 4,935,865.65 01-06-23 04-19-27 CITY 3130ARHJ3 Federal Home Loan Note 4.38 5,000,000.00 4,801,354.86 4,963,616.95 08-08-24 08-14-29 CITY 3134HADY6 Freddie Mac Domestic 4.00 4,000,000.00 3,946,000.00 3,972,921.76 12-03-24 12-04-29 CITY 3130B3XP3 Federal Home Loan 4.50 1,000,000.00 1,000,000.00 998,139.76 12-04-24 12-02-27 CITY 3133ERE23 Federal Farm Credit 4.32 1,000,000.00 1,000,000.00 997,746.37 01-27-25 07-27-27 CITY 3130B4RC7 Federal Home Loan Bank 4.50 3,000,000.00 3,000,000.00 3,009,604.20 06-27-25 04-30-29 CITY 3136GAGW3 Fannie Mae 4.75 5,000,000.00 5,000,000.00 4,994,054.65 09-08-25 10-08-27 CITY 3135G05Y5 Fannie Mae NTS 3.31 2,000,000.00 1,897,625.25 1,917,540.00 09-17-25 09-15-28 CITY 3133ETXV4 Federal Farm Credit Bond 3.83 1,400,000.00 1,402,403.14 1,388,086.00 11-17-25 11-06-30 CITY 3130B8BF8 Federal Home Loan 3.95 830,000.00 833,082.01 820,969.60 01-06-26 06-26-30 CITY 3133ET5K9 Federal Farm Credit Bank 4.07 3,000,000.00 2,998,500.00 2,971,004.52 01-06-26 01-06-31 CITY 3136GCCY9 Fannie Mae 4.00 4,000,000.00 4,000,000.00 3,940,567.36 03-05-26 03-05-29 CITY 3133EWFX3 Federal Farm Credit 3.70 2,000,000.00 1,997,000.00 1,972,536.22 03-10-26 09-10-29 CITY 3130B9RD4 Federal Home Loan 4.00 2,000,000.00 2,000,000.00 1,986,232.74 03-10-26 03-10-31 CITY 3134HCXZ7 Freddie Mac 3.70 2,000,000.00 1,988,000.00 1,959,273.60 03-17-26 03-14-28 CITY 3130B9WM8 Federal Home Loan 4.00 2,500,000.00 2,500,000.00 2,492,521.20 03-31-26 02-26-29 CITY 3134HCE96 Freddie Mac 4.21 1,500,000.00 1,500,000.00 1,494,781.64 04-14-26 04-14-31 CITY 3130BA4X2 Federal Home Loan 4.75 1,520,000.00 1,520,000.00 1,510,471.94 04-22-26 04-30-29 CITY 3133EWMX5 Federal Farm Credit 4.03 2,000,000.00 2,000,000.00 1,986,897.86 04-30-26 04-23-31 CITY 3130BAGD3 Federal Home Loan 4.20 2,000,000.00 2,000,000.00 1,981,046.92 05-12-26 11-12-30 CITY 3133EWPC8 Federal Farm Credit 4.30 2,000,000.00 2,000,000.00 1,981,030.80 05-28-26 05-25-29 CITY 3134HCV48 Freddie Mac 4.25 2,000,000.00 2,000,000.00 1,998,173.92 06-16-26 12-15-28 CITY 3130BAW52 Federal Home Loan 4.32 1,890,000.00 1,890,000.00 1,885,971.52 06-24-26 06-15-29 CITY 3130BBAN5 Federal Home Loan 4.50 2,000,000.00 2,000,000.00 1,997,573.66 06-30-26 12-21-28 CITY 3130BB6W0 Federal Home Loan 4.35 2,000,000.00 2,000,000.00 1,997,389.64 07-24-26 06-22-28 CITY 3133EWTU4 Federal Farm Credit 4.16 1,000,000.00 995,000.00 995,000.00 07-29-26 01-29-30 CITY 3130BBN76 Federal Home Loan 4.75 1,000,000.00 1,000,000.00 1,000,000.00 CITY OF PALMDALE INVESTMENTS

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS SEPTEMBER 30, 2026 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT 08-11-26 08-11-31 CITY 3130BBP41 Federal Home Loan 5.08 1,000,000.00 1,000,000.00 1,000,000.00 09-28-26 09-28-29 CITY 3130BCAL7 Federal Home Loan 5.00 2,000,000.00 2,000,000.00 2,000,000.00 TOTAL GOVERNMENT AGENCY PAPER 80,640,000.00$ 78,878,104.15$ 79,930,515.53$ CERTIFICATES OF DEPOSIT 01-04-24 12-28-28 CITY 09582YAV4 Blue Ridge Bank 4.09 240,000.00 240,948.00 239,988.00 06-13-24 06-13-29 CITY 89235MPP0 Toyota Financial SGS 4.65 245,000.00 245,000.00 247,411.78 01-14-26 01-14-31 CITY 46659CSR2 JP Morgan Chase Bank NA 4.00 250,000.00 250,000.00 244,602.18 02-13-26 02-14-28 CITY 178180HL2 City National Bank Beverly Hills 3.85 250,000.00 250,000.00 248,731.48 02-20-26 02-20-29 CITY 33622PAP8 First Security Bank 3.90 250,000.00 250,000.00