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 Housing Department Update. Housing Dept Update 04.01.25.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 appearing on the agenda unless the action is otherwise authorized by subdivision (b) of Section 54954.2 [section omitted]. CITY COUNCIL REVISED AGENDA SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 TUESDAY, APRIL 1, 2025 5:00 PM www.cityofpalmdaleca.gov WELCOME City Council Tuesday, April 1, 2025 1

(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 Receive and File the Monthly Investment Activity Reports for February 2025. SR Monthly Investment Reports Feb 2025.docx Rpt. Monthly Investment Reports Feb 2025.pdf 6.2 Approve Second Amendment to Agreement with Taft Electric Company for electrical services, increasing the agreement by $394,137 for a total not to exceed amount of $664,137 for a three-year and eleven month term through July 31, 2025. SR Agrmt No. A-7526 Second Amendment with Taft Electric Company.docx Agrmt No. A-7526 Second Amendment with Taft Electric Company.pdf Agrmt No. A-7526 First Amendment with Taft Electric Company.pdf Agrmt No. A-7526 with Taft Electric Company.pdf 6.3 Approve the minutes from the previous meeting. CC 03 18 2025.pdf City Council Tuesday, April 1, 2025 2

6.4 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). 7. APPOINTMENTS 7.1 Approve Appointment of Public Member to the Palmdale Recycled Water Authority (PRWA). SR PRWA Appointment.docx Apps PRWA.pdf 8. NEW BUSINESS 8.1 Adopt Ordinance No. 1655, an Ordinance of the City Council of the City of Palmdale, California, a chartered city, repealing and rescinding Section 2.08.010 of Title 2 of the Palmdale Municipal Code and adopting a new Section 2.08.010 of Title 2 of the Palmdale Municipal Code, establishing the annual selection of Mayor and Mayor Pro Tem by majority vote of the entire City Council. SR Ord. No. 1655.docx Ord. No. 1655.doc 9. CITY MANAGER’S REPORT 10. 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. 11. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS 12. PRESENTATION BY CITY ATTORNEY 12.1 This closed session is being held pursuant to the authority of California Government Code Section 54957 Public Employee Performance Evaluation Title: City Attorney 12.2 This closed session is being held pursuant to the authority of California Government Code Section 54957 City Council Tuesday, April 1, 2025 3

PUBLIC EMPLOYEE DISCIPLINE/DISMISSAL/RELEASE Title: City Manager 13. ANNOUNCEMENT BY CITY ATTORNEY 14. ADJOURN meeting to April 15, 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, April 1, 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 Housing Department Update. Housing Dept Update 04.01.25.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 appearing on the agenda unless the action is otherwise authorized by subdivision (b) of Section 54954.2 [section omitted]. CITY COUNCIL REVISED AGENDA SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 TUESDAY, APRIL 1, 2025 5:00 PM www.cityofpalmdaleca.gov WELCOME City Council Tuesday, April 1, 2025

(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 Receive and File the Monthly Investment Activity Reports for February 2025. SR Monthly Investment Reports Feb 2025.docx Rpt. Monthly Investment Reports Feb 2025.pdf 6.2 Approve Second Amendment to Agreement with Taft Electric Company for electrical services, increasing the agreement by $394,137 for a total not to exceed amount of $664,137 for a three-year and eleven month term through July 31, 2025. SR Agrmt No. A-7526 Second Amendment with Taft Electric Company.docx Agrmt No. A-7526 Second Amendment with Taft Electric Company.pdf Agrmt No. A-7526 First Amendment with Taft Electric Company.pdf Agrmt No. A-7526 with Taft Electric Company.pdf 6.3 Approve the minutes from the previous meeting. CC 03 18 2025.pdf City Council Tuesday, April 1, 2025

6.4 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). 7. APPOINTMENTS 7.1 Approve Appointment of Public Member to the Palmdale Recycled Water Authority (PRWA). SR PRWA Appointment.docx Apps PRWA.pdf 8. NEW BUSINESS 8.1 Adopt Ordinance No. 1655, an Ordinance of the City Council of the City of Palmdale, California, a chartered city, repealing and rescinding Section 2.08.010 of Title 2 of the Palmdale Municipal Code and adopting a new Section 2.08.010 of Title 2 of the Palmdale Municipal Code, establishing the annual selection of Mayor and Mayor Pro Tem by majority vote of the entire City Council. SR Ord. No. 1655.docx Ord. No. 1655.doc 9. CITY MANAGER’S REPORT 10. 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. 11. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS 12. PRESENTATION BY CITY ATTORNEY 12.1 This closed session is being held pursuant to the authority of California Government Code Section 54957 Public Employee Performance Evaluation Title: City Attorney 12.2 This closed session is being held pursuant to the authority of California Government Code Section 54957 City Council Tuesday, April 1, 2025

PUBLIC EMPLOYEE DISCIPLINE/DISMISSAL/RELEASE Title: City Manager 13. ANNOUNCEMENT BY CITY ATTORNEY 14. ADJOURN meeting to April 15, 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, April 1, 2025

Housing Department Update Council Meeting April 1, 2025

Department of Housing Palmdale Housing — What does this mean? • Housing staff (eight positions) • City of Palmdale Housing Authority • Development/density bonus agreements • Monitoring of agreements • Asset management, apartments, mobile home parks, neighborhood houses and community garden and loans • Programs • Mobile home space rent control • Grant administration • Homelessness plan

• In operation: • Juniper Grove Apartments • Palmdale Terrace Apartments • Under construction: • Together California – foster care • Homes 4 Families – veteran-owned • Palmdale Dream Village • Transit Village Rental Development • Monitoring of agreements Development of Affordable Housing Department of Housing

Housing Authority — Assets • Housing Authority owns five apartment complexes: Impressions, La Quinta, Park Vista, Summerwood and a 4-unit (295 units total) • Housing Authority owns three mobile home parks: Boulders at the Lake, Boulders at the Ranch I and Boulders at the Ranch II (780 spaces total) • Neighborhood Houses – Yucca, Manzanita and Tumbleweed • Community Garden – Q3 adjacent to the Yucca Neighborhood House • Vacant Land for development • Loans Department of Housing Impressions Yucca House Boulders

• Minor Home Repair Program (MHRP) • Home accessibility modifications • Serving extremely low-income and very low-income households (seniors, disabled individuals, veterans) • Up to $30,000 grant assistance per household • Permanent Local Housing Allocation (PLHA) funding • American Rescue Plan Act (ARPA) funds Rehabilitation Housing Programs Department of Housing

Assistance Programs • Homelessness Prevention and Rapid Rehousing • Tenant-Based Rental Assistance • Rehabilitation of Single-Family Homes • Down Payment Assistance Department of Housing

Mobile Home Space Rent Control • Housing Division oversees space rent control at seven privately owned mobile home parks and monitors rent increases • Mobile Home Park Rental Review Board considers rent increase applications by mobile home parks above annual automatic permissive increase based on Consumer Price Index (CPI) and receives report of the status compliance of each property • Annual submission of registration and compliance documentation Department of Housing

Grants • Community Development Block Grants (CDBG) – $1.5 Million • Community Development Block Grant CARES Act (CDBG-CV) – $1.9 Million • HOME Investment Partnerships Grant (HOME) • HOME – ARP • Permanent Local Housing Allocation (PLHA) • County – Local Solutions Fund, COG Interim Housing Grant Department of Housing

Homelessness Plan • Partnership with nonprofits • Interim housing • Permanent supportive housing View the plan at www.CityOfPalmdaleCA.gov/HomelessnessPlanUpdate Department of Housing

City Council Staff Report DATE: APRIL 1, 2025 TO: HONORABLE MAYOR AND CITY COUNCIL FROM: OPERATIONS DEPARTMENT FINANCE DIVISION DISTRICT: ALL SUBJECT: RECEIVE AND FILE THE MONTHLY INVESTMENT ACTIVITY REPORTS FOR FEBRUARY 2025 RECOMMENDATION Staff recommend that the City Council: Receive and file the February 2025 monthly investment activity reports for the City of Palmdale and Successor Agency. 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 April 1, 2025 Page 2 DISCUSSION Compliance with Investment Policy For February, the City’s invested portfolio totaled $320,901,760, a decrease of $4,782,522 from the previous month and an increase of $3,010,544 compared to the prior year. The monthly decrease resulted from the transfer from Local Agency Investment Fund (LAIF) to the general bank to cover operating expenditures of the current month. The par value of Successor Agency’s portfolio as of February was $10,172,677. The balance decreased by $2,012,652 from the prior month due to debt service payments paid 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 February was $110,008,322, a decrease of $5,000,000 from the prior month due to the transfer of funds from LAIF to the City’s general bank account to fund ongoing operating expenditures of the current month. The Successor Agency’s LAIF balance at the end of February was $3,857,312, with no changes from the prior month.

Report to Mayor and City Council Re: Monthly Investment Reports April 1, 2025 Page 3 The City’s CAMP balance at the end of February was $52,169,146 compared to $51,989,186 in January. 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 February 28, 2025, the interest rates for LAIF and CAMP investments were at 4.333 percent and 4.51 percent, respectively. By comparison, the LAIF and CAMP interest rates at the end of January were 4.366 percent and 4.55 percent. This time last year, LAIF and CAMP rates were at 4.122 percent and 5.50, respectively. The chart above shows the LAIF and CAMP average monthly yields from May 2024 through February 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 February 28, 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. 4.33% 4.48% 4.52% 4.58% 4.58% 4.52% 4.48% 4.43% 4.37% 4.33% 5.43% 5.43% 5.43% 5.41% 5.29% 5.03% 4.87% 4.73% 4.55% 4.51% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% May Q4 Jun July Aug Q1 Sep Oct Nov Q2 Dec Jan Feb Pooled Investments Monthly Yields LAIF CAMP

Report to Mayor and City Council Re: Monthly Investment Reports April 1, 2025 Page 4 Attached are summaries of the investments in the City and Successor Agency’s books as of February 28, 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 Feb 2025

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS FEBRUARY 28, 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 FEBRUARY 28, 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 4.03 240,000.00 243,434.40 238,848.00 01-04-24 11-30-27 CITY 46656MVH1 JPMorgan Chase Bank 4.76 240,000.00 242,022.91 240,415.20 01-04-24 12-28-28 CITY 09582YAV4 Blue Ridge Bank 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 4.80 1,000,000.00 1,035,553.33 997,703.43 05-17-23 01-26-26 CITY 742718FY0 Procter & Gamble 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 56,352,264.25 56,352,264.25 56,352,264.25 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 107,590,087.61$ 107,590,087.61$ 110,008,321.68$ CAMP- CALIFORNIA ASSET MANAGEMENT PROGRAM 6080-01 n/a CITY 6080-01 0.30 52,169,146.01 52,169,146.01 52,169,146.01 TOTAL CAMP ACCOUNTS 52,169,146.01$ 52,169,146.01$ 52,169,146.01$ UBS FINANCIAL SERVICES n/a n/a CITY 0.00 37,550.40 37,550.40 37,550.40 TOTAL UBS FINANCIAL SERVICES ACCOUNTS 37,550.40$ 37,550.40$ 37,550.40$ TOTAL CITY INVESTMENTS 324,292,784.02$ 322,748,447.11$ 320,901,759.82$

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS FEBRUARY 28, 2025 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND 11-20-84 n/a LIBRARY 16-19-012 0.78 13,626.52 TOTAL LIBRARY INVESTMENTS 13,626.52$ SIERRA GATEWAY COMMUNITY FACILITIES DISTRICT 91-1 Fiscal Agent: U.S. Bank National Association (fka First Trust) 05-10-95 n/a BOND 95421220 0.35 119.06 05-10-95 n/a IMPROVEMENT 95421222 0.10 173,032.68 TOTAL SIERRA GATEWAY COMMUNITY FACILITIES DISTRICT 91-1 173,151.74$ BOND PROCEEDS RITTER RANCH COMMUNITY FACILITIES DISTRICT 93-1 Fiscal Agent: U.S. Bank National Association (fka First Trust) 04-06-95 n/a RESERVE-SEN 95420880 n/a 13.73 04-06-95 n/a IMPV-ACQUI 95420884 0.01 2,880,136.42 04-06-95 n/a BOND 95420887 0.15 0.15 TOTAL RITTER RANCH COMMUNITY FACILITIES DISTRICT 93-