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 three (3) minutes on the Consent Calendar, Public Hearings, Appointments, New Business, and Closed Session items. To address CITY COUNCIL SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 TUESDAY, APRIL 7, 2026 5:00 PM www.cityofpalmdaleca.gov WELCOME City Council Tuesday, April 7, 2026 1

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. Please follow these guidelines to ensure the meeting runs smoothly: All comments must be respectful and courteous. Comments that are personal, threatening, obscene, insulting, or that attack others or berate differing viewpoints will not be allowed. Individuals who violate these rules or disrupt the meeting will be ruled out of order by the Chair and must immediately stop speaking. Disruptive individuals may be asked to leave the meeting. 1. CALL MEETING TO ORDER Note: All City Council memberships are reflected in their City Council titles. 2. ROLL CALL MAYOR OHLSEN, MAYOR PRO TEM BISHOP, COUNCILMEMBERS LOA, BETTENCOURT, ALARCÓN 3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE 4. PRESENTATIONS 4.1 Proclamation to Edward's Air Force Base declaring April the Month of the Military Child. 4.2 AV Wall presentation to the City of Palmdale for supporting veterans in the Antelope Valley. 5. NON-AGENDA PUBLIC COMMENTS - Now is the time for public participation. 6. CONSENT CALENDAR - Now is the time for public participation All matters listed under the Consent Calendar will be enacted by one motion unless an item(s) is pulled by Council, in which case the item(s) will be removed from the Consent Calendar and will be considered separately following this portion of the Agenda. 6.1 Waive full reading of the Resolution(s) and/or Ordinance(s) to be considered and voted on at this meeting. (This allows for reading the title only in lieu of reciting the entire text). City Council Tuesday, April 7, 2026 2

6.2 Receive and file the monthly investment activity reports for February 2026. SR Monthly Investment Reports February 2026.docx Rpt. Monthly Investment Reports February 2026.pdf 6.3 Approve agreement with Dell Inc., for Microsoft Azure Cloud Services for a three year term. SR Agrmt No. A-9808 with Dell Inc.docx Agrmt No. A-9808 with Dell Inc.pdf 6.4 Approve the Certificate of Completion between the City of Palmdale and Delta Scientific Corporation as required by Agreement No. A-0155 for the development of two industrial buildings located on the southwest corner of Avenue O and Delta Lane (APN’s 3005-046-016 and -017). SR Certificate of Completion.docx Draft Certificate of Completion Delta-Palmdale.docx 6.5 Adopt Resolution No. CC 2026-005, a Resolution of the City Council of the City of Palmdale affirming CEQA exemption and authorizing a multi-year citywide right- of-way maintenance and rehabilitation program from Fiscal Year 2025-26 to Fiscal Year 2030-31. SR Reso. No. CC 2026-005.docx Reso. No. CC 2026-005.docx Notice of Exemption.pdf Project Map.pdf 6.6 Adopt Resolution No. CC 2026-006, a Resolution of the City Council of the City of Palmdale directing the preparation of the Annual Engineer's Report for the continuation of the annual Levy of Assessments and designating the Engineer of Work for Fiscal Year 2026-27 for the City of Palmdale Drainage Benefit Assessment Districts No. 1 and No. 2006-02. SR Reso. No. CC 2026-006.docx Reso. No. CC 2026-006.docx 6.7 Adopt Resolution No. CC 2026-007, a Resolution of the City Council of the City of Palmdale directing the preparation of the annual Engineer's Reports for the continuation of the annual Levy of Assessments and designating the Engineer of Work for Fiscal Year 2026-27 for the City of Palmdale Landscape Maintenance Assessment Districts and Annexations, Park Maintenance and Recreation Improvement District, and Streetlight Maintenance Assessment Districts and Annexations. SR Reso. No. CC 2026-007.docx Reso. No. CC 2026-007.docx 6.8 Approve Second Amendment to Agreement with Psomas for design services for City Council Tuesday, April 7, 2026 3

PN 796, 45th Street East Sewer, Storm Drain, and Street Improvement Project, increasing the amount by $54,625, for a total not to exceed contract amount of $362,365, and extending the contract term to June 30, 2026. SR Second Amendment to Agrmt No. A-8881 with Psomas.docx Second Amendment to Agrmt No. A-8881 with Psomas.pdf First Amendment to Agrmt No. A-8881 with Psomas.pdf Agrmt No. A-8881 with Psomas.pdf 6.9 Approve agreement with Willdan Engineering for Construction Management and Observation Services for PN 796, 45th Street East Sewer, Storm Drain, and Street Improvement Project, for a total not to exceed amount of $877,189 for a term of 251 working days from the date of the Notice to Proceed. SR Agrmt No. A-9785 with Willdan Engineering.docx Agrmt No. A-9785 with Willdan Engineering.pdf 6.10 Approve agreement with Greenfield Landscaping and Maintenance, Inc., for turf removal and replacement services at Marie Kerr Park for a total not to exceed amount of $154,880 for a term of six months. SR Agrmt No. A-9790 with Greenfield Landscaping and Maintenance, Inc.docx Agrmt No. A-9790 with Greenfield Landscaping and Maintenance, Inc.pdf 6.11 Approve Change Order No. 3 & 4 in the amount of $29,860 for PN 887, Marie Kerr Park Best of the West Softball Complex Concession Stand project. SR PN 887 MKP BOW Concession Stand.docx Project Photos.pdf Contract Change Order Table.pdf Change Order 3.pdf Change Order 4.pdf 6.12 Accept Notice of Completion (NOC) for PN 918, 2025 Summer Arterial Overlay Project. SR NOC PN 918 2025 Summer Arterial Overlay Project.docx NOC.docx Location Map.pdf Project Photos.pdf 6.13 Approve the minutes from the previous meeting. Mins 03 03 2026.pdf 7. APPOINTMENTS - Now is the time for public participation. 7.1 Nominate and appoint one public member to the Palmdale Enhanced Infrastructure Financing District (EIFD) Public Financing Authority (PFA) to serve the remainder of a two-year term set to expire June 30, 2027. SR Appt Palmdale EIFD PFA.docx City Council Tuesday, April 7, 2026 4

Apps.pdf 8. NEW BUSINESS - Now is the time for public participation 8.1 Adopt Resolution No. CC 2026-017, a Resolution of the City Council of the City of Palmdale, establishing a new employee bargaining unit, the Public Works Maintenance Division Supervisory and Confidential Unit, and recognition of Teamsters Union Local 986 as their exclusive representative. SR Reso. No. CC 2026-017.docx Reso. No. CC 2026-017.docx 9. PUBLIC HEARING - Now is the time for public participation. Each public hearing will have its own public testimony. 9.1 Adopt Ordinance No. 1667, an Ordinance of the City Council of the City of Palmdale approving Zoning Ordinance Amendment 26-0002 to modify requirements related to Accessory Dwelling Units and Junior Accessory Dwelling Units to ensure compliance with state law and find the amendment is exempt from environmental review. SR Ord. No. 1667.docx Ord. No. 1667.docx Reso. No. PC-2026-003 Signed.pdf 10. CITY MANAGER’S REPORT 11. SHERIFF'S REPORT 12. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS 13. CLOSED SESSION - Now is the time for public participation. PRESENTATION BY CITY ATTORNEY 13.1 CONFERENCE WITH LABOR NEGOTIATORS Agency designated representatives: Salvador Mendez, City Manager, Linda Daube, Special Counsel, Janelle Samson, Deputy City Manager, and Yvette Barrios, Director of Human Resources Employee organization: Teamsters Local 986 This closed session is being held pursuant to the authority of California Government Code Section 54957.6. 13.2 CONFERENCE WITH REAL PROPERTY NEGOTIATORS City Council Tuesday, April 7, 2026 5

Property: Vacant land located at the southeast corner of State Route (SR) 14 and Palmdale Boulevard (APN’s 3009-026-004, -005, -011, and -012) Agency Negotiation: Salvador Mendez, City Manager, Megan Taggart, Director of Economic and Community Development, Alexandra Severino, City Attorney, and Janelle Samson, Deputy City Manager Negotiating Parties: Belldale, LLC and City of Palmdale Under Negotiation: Price and Terms of Payment This closed session is being held pursuant to the authority of California Government Code Section 54956.8. 13.3 PUBLIC EMPLOYMENT Title: City Attorney Recruitment This closed session is being held pursuant to the authority of California Government Code Section 54957. 14. ANNOUNCEMENT BY CITY ATTORNEY 15. ADJOURN meeting to May 5, 2026, at 5:00 p.m. in the City Hall Council Chamber located at 38300 Sierra Highway, Suite B, Palmdale, California. City Council Tuesday, April 7, 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 three (3) minutes on the Consent Calendar, Public Hearings, Appointments, New Business, and Closed Session items. To address CITY COUNCIL SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 TUESDAY, APRIL 7, 2026 5:00 PM www.cityofpalmdaleca.gov WELCOME City Council Tuesday, April 7, 2026

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. Please follow these guidelines to ensure the meeting runs smoothly: All comments must be respectful and courteous. Comments that are personal, threatening, obscene, insulting, or that attack others or berate differing viewpoints will not be allowed. Individuals who violate these rules or disrupt the meeting will be ruled out of order by the Chair and must immediately stop speaking. Disruptive individuals may be asked to leave the meeting. 1. CALL MEETING TO ORDER Note: All City Council memberships are reflected in their City Council titles. 2. ROLL CALL MAYOR OHLSEN, MAYOR PRO TEM BISHOP, COUNCILMEMBERS LOA, BETTENCOURT, ALARCÓN 3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE 4. PRESENTATIONS 4.1 Proclamation to Edward's Air Force Base declaring April the Month of the Military Child. 4.2 AV Wall presentation to the City of Palmdale for supporting veterans in the Antelope Valley. 5. NON-AGENDA PUBLIC COMMENTS - Now is the time for public participation. 6. CONSENT CALENDAR - Now is the time for public participation All matters listed under the Consent Calendar will be enacted by one motion unless an item(s) is pulled by Council, in which case the item(s) will be removed from the Consent Calendar and will be considered separately following this portion of the Agenda. 6.1 Waive full reading of the Resolution(s) and/or Ordinance(s) to be considered and voted on at this meeting. (This allows for reading the title only in lieu of reciting the entire text). City Council Tuesday, April 7, 2026

6.2 Receive and file the monthly investment activity reports for February 2026. SR Monthly Investment Reports February 2026.docx Rpt. Monthly Investment Reports February 2026.pdf 6.3 Approve agreement with Dell Inc., for Microsoft Azure Cloud Services for a three year term. SR Agrmt No. A-9808 with Dell Inc.docx Agrmt No. A-9808 with Dell Inc.pdf 6.4 Approve the Certificate of Completion between the City of Palmdale and Delta Scientific Corporation as required by Agreement No. A-0155 for the development of two industrial buildings located on the southwest corner of Avenue O and Delta Lane (APN’s 3005-046-016 and -017). SR Certificate of Completion.docx Draft Certificate of Completion Delta-Palmdale.docx 6.5 Adopt Resolution No. CC 2026-005, a Resolution of the City Council of the City of Palmdale affirming CEQA exemption and authorizing a multi-year citywide right- of-way maintenance and rehabilitation program from Fiscal Year 2025-26 to Fiscal Year 2030-31. SR Reso. No. CC 2026-005.docx Reso. No. CC 2026-005.docx Notice of Exemption.pdf Project Map.pdf 6.6 Adopt Resolution No. CC 2026-006, a Resolution of the City Council of the City of Palmdale directing the preparation of the Annual Engineer's Report for the continuation of the annual Levy of Assessments and designating the Engineer of Work for Fiscal Year 2026-27 for the City of Palmdale Drainage Benefit Assessment Districts No. 1 and No. 2006-02. SR Reso. No. CC 2026-006.docx Reso. No. CC 2026-006.docx 6.7 Adopt Resolution No. CC 2026-007, a Resolution of the City Council of the City of Palmdale directing the preparation of the annual Engineer's Reports for the continuation of the annual Levy of Assessments and designating the Engineer of Work for Fiscal Year 2026-27 for the City of Palmdale Landscape Maintenance Assessment Districts and Annexations, Park Maintenance and Recreation Improvement District, and Streetlight Maintenance Assessment Districts and Annexations. SR Reso. No. CC 2026-007.docx Reso. No. CC 2026-007.docx 6.8 Approve Second Amendment to Agreement with Psomas for design services for City Council Tuesday, April 7, 2026

PN 796, 45th Street East Sewer, Storm Drain, and Street Improvement Project, increasing the amount by $54,625, for a total not to exceed contract amount of $362,365, and extending the contract term to June 30, 2026. SR Second Amendment to Agrmt No. A-8881 with Psomas.docx Second Amendment to Agrmt No. A-8881 with Psomas.pdf First Amendment to Agrmt No. A-8881 with Psomas.pdf Agrmt No. A-8881 with Psomas.pdf 6.9 Approve agreement with Willdan Engineering for Construction Management and Observation Services for PN 796, 45th Street East Sewer, Storm Drain, and Street Improvement Project, for a total not to exceed amount of $877,189 for a term of 251 working days from the date of the Notice to Proceed. SR Agrmt No. A-9785 with Willdan Engineering.docx Agrmt No. A-9785 with Willdan Engineering.pdf 6.10 Approve agreement with Greenfield Landscaping and Maintenance, Inc., for turf removal and replacement services at Marie Kerr Park for a total not to exceed amount of $154,880 for a term of six months. SR Agrmt No. A-9790 with Greenfield Landscaping and Maintenance, Inc.docx Agrmt No. A-9790 with Greenfield Landscaping and Maintenance, Inc.pdf 6.11 Approve Change Order No. 3 & 4 in the amount of $29,860 for PN 887, Marie Kerr Park Best of the West Softball Complex Concession Stand project. SR PN 887 MKP BOW Concession Stand.docx Project Photos.pdf Contract Change Order Table.pdf Change Order 3.pdf Change Order 4.pdf 6.12 Accept Notice of Completion (NOC) for PN 918, 2025 Summer Arterial Overlay Project. SR NOC PN 918 2025 Summer Arterial Overlay Project.docx NOC.docx Location Map.pdf Project Photos.pdf 6.13 Approve the minutes from the previous meeting. Mins 03 03 2026.pdf 7. APPOINTMENTS - Now is the time for public participation. 7.1 Nominate and appoint one public member to the Palmdale Enhanced Infrastructure Financing District (EIFD) Public Financing Authority (PFA) to serve the remainder of a two-year term set to expire June 30, 2027. SR Appt Palmdale EIFD PFA.docx City Council Tuesday, April 7, 2026

Apps.pdf 8. NEW BUSINESS - Now is the time for public participation 8.1 Adopt Resolution No. CC 2026-017, a Resolution of the City Council of the City of Palmdale, establishing a new employee bargaining unit, the Public Works Maintenance Division Supervisory and Confidential Unit, and recognition of Teamsters Union Local 986 as their exclusive representative. SR Reso. No. CC 2026-017.docx Reso. No. CC 2026-017.docx 9. PUBLIC HEARING - Now is the time for public participation. Each public hearing will have its own public testimony. 9.1 Adopt Ordinance No. 1667, an Ordinance of the City Council of the City of Palmdale approving Zoning Ordinance Amendment 26-0002 to modify requirements related to Accessory Dwelling Units and Junior Accessory Dwelling Units to ensure compliance with state law and find the amendment is exempt from environmental review. SR Ord. No. 1667.docx Ord. No. 1667.docx Reso. No. PC-2026-003 Signed.pdf 10. CITY MANAGER’S REPORT 11. SHERIFF'S REPORT 12. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS 13. CLOSED SESSION - Now is the time for public participation. PRESENTATION BY CITY ATTORNEY 13.1 CONFERENCE WITH LABOR NEGOTIATORS Agency designated representatives: Salvador Mendez, City Manager, Linda Daube, Special Counsel, Janelle Samson, Deputy City Manager, and Yvette Barrios, Director of Human Resources Employee organization: Teamsters Local 986 This closed session is being held pursuant to the authority of California Government Code Section 54957.6. 13.2 CONFERENCE WITH REAL PROPERTY NEGOTIATORS City Council Tuesday, April 7, 2026

Property: Vacant land located at the southeast corner of State Route (SR) 14 and Palmdale Boulevard (APN’s 3009-026-004, -005, -011, and -012) Agency Negotiation: Salvador Mendez, City Manager, Megan Taggart, Director of Economic and Community Development, Alexandra Severino, City Attorney, and Janelle Samson, Deputy City Manager Negotiating Parties: Belldale, LLC and City of Palmdale Under Negotiation: Price and Terms of Payment This closed session is being held pursuant to the authority of California Government Code Section 54956.8. 13.3 PUBLIC EMPLOYMENT Title: City Attorney Recruitment This closed session is being held pursuant to the authority of California Government Code Section 54957. 14. ANNOUNCEMENT BY CITY ATTORNEY 15. ADJOURN meeting to May 5, 2026, at 5:00 p.m. in the City Hall Council Chamber located at 38300 Sierra Highway, Suite B, Palmdale, California. City Council Tuesday, April 7, 2026

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City Council Staff Report DATE: APRIL 7, 2026 TO: HONORABLE MAYOR AND CITY COUNCIL FROM: OPERATIONS DEPARTMENT FINANCE DIVISION DISTRICT: ALL SUBJECT: RECEIVE AND FILE THE MONTHLY INVESTMENT ACTIVITY REPORTS FOR FEBRUARY 2026 RECOMMENDATION Staff recommend that the City Council: 1. Receive and file the February 2026 monthly investment activity reports for the City of Palmdale and Successor Agency. BACKGROUND In accordance with Section 16 of the City and Successor Agency Investment Policy, the City Treasurer is required to prepare and present monthly and quarterly investment reports to the City Manager/Executive Director and the City Council/Board of Directors. These reports include detailed information on each investment, including the investment type, issuer name, purchase date, maturity date, amount invested, and interest rate. Reporting covers all pooled investments of the City and Successor Agency, as well as Certificates of Participation, Revenue Bonds, Tax Allocation Bonds, Assessment Districts, and Community Facilities District accounts managed by external fiscal agents. The monthly investment reports provide an overview of the City and Successor Agency’s investment activity and portfolio performance. They summarize total assets, portfolio allocations, average maturities, yields, and book values. The interest rates presented reflect the most current rates available as of the report date. Market values for pooled City and Successor Agency investments are based on closing prices as of the report date. Pricing information is obtained from reputable sources, including the Wall Street Journal, Bloomberg Financial Markets, Capital Market Finance publications, and other reliable market data providers.

Report to Mayor and City Council Re: Monthly Investment Reports February 2026 April 7, 2026 Page 2 DISCUSSION Compliance with Investment Policy As of February, the City’s total investment portfolio was valued at $310,283,163, reflecting a decrease of $324,631 from the prior month and a decrease of $9,380,488 compared to the same period last year. The month-over-month decrease is attributable to maturities that have not been reinvested yet. The Successor Agency’s portfolio had a par value of $15,531,671 as of February, representing a decrease of $1,743,608 from the previous month. The decrease is due to the debt service payments made during the month. All investments are in full compliance with Section 8 of the City’s Investment Policy. The portfolios consist of a diversified mix of authorized investment instruments, including Certificates of Deposit, Corporate Notes, U.S. Treasury Securities, and Government Agency Securities, each maintained within established portfolio percentage limits. The Finance Division serves as custodian of the City and Successor Agency investment portfolios and adheres to the three primary objectives outlined in the Investment Policy:  Safeguard principal by investing in financial instruments that mitigate the risk of market-related losses;  Maintain sufficient liquidity to meet anticipated cash flow needs; and  Achieve a competitive market rate of return consistent with policy constraints. Liquidity Maintaining adequate liquidity to support operational requirements remains a key priority of the Finance Division. To support this objective, the City and Successor Agency invest in two pooled funds: the Local Agency Investment Fund (LAIF) and the California Asset Management Program (CAMP). These funds are designed to support daily operational needs and provide flexibility during periods of economic uncertainty. Their high liquidity ensures that both entities can meet ongoing cash flow demands. At the end of February, the City’s LAIF balance totaled $116,929,296, no changes from the prior month. The Successor Agency’s LAIF balance was $4,027,756, reflecting no changes from the prior month. The City’s CAMP balance at the end of February was $54,427,027, compared to $54,267,675 in January. The increase is due to interest earned during the month.

Report to Mayor and City Council Re: Monthly Investment Reports February 2026 April 7, 2026 Page 3 The interest rates presented reflect the most current rates available as of the date of this report. As of February 28, 2026, LAIF and CAMP were earning 3.871 percent and 3.83 percent, respectively. At the end of January, the rates were 3.931 percent for LAIF and 3.85 percent for CAMP. One year ago, LAIF and CAMP rates were 4.333 percent and 4.51 percent, respectively. The chart above shows the LAIF and CAMP average monthly yields from May 2025 through February 2026. 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 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 February 28, 2026. Based on current projections, both the City and the Successor Agency have sufficient funds to meet anticipated expenditure requirements over the next six months. The Finance Division will continue to closely monitor economic conditions and assess their potential impact on interest rates and overall portfolio performance. 4.27% 4.27% 4.26% 4.25% 4.21% 4.15% 4.10% 4.03% 3.93% 3.87% 4.42% 4.40% 4.41% 4.40% 4.36% 4.26% 4.10% 3.95% 3.85% 3.83% 3.50% 3.60% 3.70% 3.80% 3.90% 4.00% 4.10% 4.20% 4.30% 4.40% 4.50% 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 February 2026 April 7, 2026 Page 4 Attached are summaries of the investments in the City and Successor Agency’s books as of February 28, 2026. FISCAL IMPACT $0; There is no fiscal impact associated with the recommended action for this report. STRATEGIC PLAN Goal II: Ensure long-term fiscal health of the City and maintain funding for services. B. Manage resources, costs, and liabilities to ensure the City’s long-term fiscal health. C. Involve and expand engagement to enhance public oversight and transparency. Prepared by: Janelle Samson, Deputy City Manager Certified as to availability of Funds: Janelle Samson, Deputy City Manager Approved by: Salvador Mendez, City Manager Approved as to form: Alexandra Severino, City Attorney ATTACHMENTS Rpt. Monthly Investment Reports February 2026

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS FEBRUARY 28, 2026 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT U.S. TREASURY SECURITIES Yield 05-11-21 02-28-26 CITY 9128286F2 U.S. Treasury Note 0.66 3,000,000.00 3,261,331.50 2,966,940.00 03-08-23 03-31-26 CITY 9128286L9 U.S. Treasury Note 2.25 3,200,000.00 3,029,330.80 3,156,832.00 01-03-24 12-31-26 CITY 912828YX2 U.S. Treasury Note 0.04 5,000,000.00 4,696,880.23 4,848,850.00 01-03-24 06-30-27 CITY 91282CEW7 U.S. Treasury Note 0.04 5,000,000.00 4,897,630.28 4,954,900.00 01-03-24 09-30-27 CITY 91282CFM8 U.S. Treasury Note 0.04 2,500,000.00 2,523,771.66 2,522,450.00 01-08-24 06-15-26 CITY 91282CHH7 U.S. Treasury Note 0.04 5,000,000.00 5,001,760.94 5,006,000.00 12-18-24 09-30-29 CITY 91282CFL0 U.S. Treasury Note 0.39 5,000,000.00 4,977,094.45 5,022,250.00 12-18-24 10-31-29 CITY 91282CFT3 U.S. Treasury Note 0.40 5,000,000.00 4,988,321.47 5,047,050.00 12-18-24 11-30-29 CITY 91282CFY2 U.S. Treasury Note 0.39 5,000,000.00 4,942,086.29 5,021,300.00 01-02-25 12-31-29 CITY 91282CGB1 U.S. Treasury Note 0.39 3,000,000.00 2,949,835.02 3,012,300.00 11-17-25 09-30-30 CITY 91282CPA3 U.S. Treasury Note 3.63 3,000,000.00 3,015,470.91 3,001,130.25 01-23-26 06-30-29 CITY 91282CEV9 US Treasury Note 3.25 1,000,000.00 985,312.50 985,312.50 01-23-26 02-28-30 CITY 91282CGQ8 US Treasury Note 4.00 1,000,000.00 1,008,750.00 1,008,750.00 01-23-26 12-31-30 CITY 91282CJQ5 US Treasury Note 3.75 1,000,000.00 995,937.50 995,937.50 TOTAL U.S. TREASURY SECURITIES 47,700,000.00$ 47,273,513.55$ 47,550,002.25$ GOVERNMENT AGENCY PAPER 07-29-21 04-29-26 CITY 3130AN5C0 Federal Home Loan Note 1.05 4,000,000.00 4,010,455.13 3,899,120.00 12-21-21 12-22-26 CITY 3133ENJC5 Federal Farm Credit 1.29 5,000,000.00 5,000,000.00 4,814,666.55 06-24-22 02-26-27 CITY 3130AL5A8 Federal Home Loan Note 3.33 5,000,000.00 4,479,000.00 4,758,477.85 08-17-22 10-27-26 CITY 3134GW4C7 Freddie Mac 0.80 5,000,000.00 4,539,500.00 4,800,207.95 01-06-23 02-25-27 CITY 3130AQRH8 Federal Home Loan Note 4.38 5,000,000.00 4,590,638.89 4,843,987.40 01-06-23 04-19-27 CITY 3130ARHJ3 Federal Home Loan Note 4.38 5,000,000.00 4,801,354.86 4,925,508.20 05-03-24 05-01-28 CITY 3133ERCX7 Federal Farm Credit 5.17 5,000,000.00 5,000,000.00 5,022,317.60 08-08-24 08-14-29 CITY 3134HADY6 Freddie Mac Domestic 4.00 4,000,000.00 3,946,000.00 3,971,348.28 12-03-24 12-04-29 CITY 3130B3XP3 Federal Home Loan 4.50 1,000,000.00 1,000,000.00 998,973.31 12-04-24 12-02-27 CITY 3133ERE23 Federal Farm Credit 4.32 1,000,000.00 1,000,000.00 1,003,072.14 01-27-25 07-27-27 CITY 3130B4RC7 Federal Home Loan Bank 4.50 3,000,000.00 3,000,000.00 3,019,381.53 01-28-25 07-21-27 CITY 3130B4QA2 Federal Home Loan Bank 4.55 3,000,000.00 3,000,000.00 3,003,732.24 06-13-25 10-30-28 CITY 3130B62E5 Federal Home Loan Bank 4.25 3,000,000.00 3,000,000.00 3,000,982.74 06-27-25 04-30-29 CITY 3136GAGW3 Fannie Mae 4.75 5,000,000.00 5,000,000.00 4,993,056.90 09-17-25 09-15-28 CITY 3133ETXV4 Federal Farm Credit Bond 3.83 1,400,000.00 1,402,403.14 1,400,000.00 11-17-25 11-06-30 CITY 3130B8BF8 Federal Home Loan 3.95 830,000.00 833,082.01 832,080.25 01-06-26 06-26-30 CITY 3133ET5K9 Federal Farm Credit Bank 4.07 3,000,000.00 2,998,500.00 2,998,500.00 01-06-26 01-06-31 CITY 3136GCCY9 Fannie Mae 4.00 4,000,000.00 4,000,000.00 4,000,000.00 TOTAL GOVERNMENT AGENCY PAPER 63,230,000.00$ 61,600,934.03$ 62,285,412.94$ CERTIFICATES OF DEPOSIT 01-04-24 06-15-26 CITY 05580A4Y7 BMW Bank of NA 4.03 240,000.00 243,434.40 241,276.80 01-04-24 12-28-28 CITY 09582YAV4 Blue Ridge Bank 4.09 240,000.00 240,948.00 241,135.20 06-11-24 06-11-26 CITY 38150VUZ0 Goldman Sachs Bank 5.05 245,000.00 245,033.90 247,179.52 06-13-24 06-13-29 CITY 89235MPP0 Toyota Financial SGS 4.65 245,000.00 245,000.00 250,250.86 06-14-24 06-15-26 CITY 34520LBC6 Forbright Bank 5.05 245,000.00 245,000.00 247,279.55 06-14-24 06-14-28 CITY 307811KA6 Farmers & Merchs Bank 5.00 245,000.00 245,000.00 246,517.02 06-17-24 06-17-26 CITY 8562855V9 State Bank of India 5.10 245,000.00 245,000.00 247,345.31 06-20-24 06-22-26 CITY 06051XER9 Bank of America NA 5.05 245,000.00 245,000.00 247,339.38 06-21-24 06-22-26 CITY 35634MAE1 Freedom Bank/Maywood NJ 5.05 245,000.00 245,000.00 247,339.60 01-06-26 12-30-30 CITY 32026U6U5 First Foundation Bank 4.25 250,000.00 250,000.00 250,000.00 01-14-26 01-14-31 CITY 46659CSR2 JP Morgan Chase Bank NA 4.0 250,000.00 250,000.00 250,000.00 02-13-26 02-14-28 CITY 178180HL2 City National Bank Beverly Hills 3.85 250,000.00 250,000.00 250,000.00 02-20-26 02-20-29 CITY 33622PAP8 First Security Bank 3.9 250,000.00 250,000.00 250,000.00 TOTAL CERTIFICATES OF DEPOSIT 3,195,000.00$ 3,199,416.30$ 3,215,663.24$ CITY OF PALMDALE INVESTMENTS

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS FEBRUARY 28, 2026 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT CORPORATE BONDS 05-17-23 03-01-26 CITY 30231GAT9 Exxon Mobile Corporation 3.04 1,000,000.00 982,084.11 992,306.58 05-17-23 03-02-26 CITY 194162AQ6 Colgate-Palmolive 4.80 1,000,000.00 1,035,553.33 1,004,192.41 01-04-24 07-27-26 CITY 61761J3R8 Morgan Stanley 4.70 500,000.00 481,185.25 493,730.00 01-04-24 06-15-26 CITY 46625HRS1 JPMorgan Chase & CO 4.52 500,000.00 484,840.25 495,185.00 01-04-24 03-02-28 CITY 718172CE7 Philip Morris Intl Inc 4.49 500,000.00 474,395.25 487,000.00 01-04-24 04-01-27 CITY 808513BW4 Charles Schaw Corp 4.68 500,000.00 479,390.25 492,985.00 01-09-24 06-02-26 CITY 11271LAA0 Brookfield Fin Inc 5.13 500,000.00 490,115.25 498,735.00 01-09-24 07-09-27 CITY 22550L2K6 Crdit Suisse New York 4.92 500,000.00 500,910.25 507,650.00 01-09-24 08-15-28 CITY 797440CE2 San Diego G & E 4.49 500,000.00 509,340.25 510,425.00 01-09-24 07-01-27 CITY 75973QAA5 Reneissance Financial 5.01 500,000.00 475,470.25 492,385.00 08-27-24 02-01-29 CITY 06406RBN6 Bank of NY Mellon Corp 4.20 656,000.00 663,116.29 660,965.92 08-27-25 07-26-29 CITY 06406RBK2 Bank of Melon Corp 4.09 1,000,000.00 1,021,952.92 1,021,952.92 08-27-25 08-09-29 CITY 89236TMK8 Toyota Motor Crdt Corp 4.03 500,000.00 510,587.75 510,587.75 08-27-25 05-13-30 CITY 91324PDX7 United Health Group Inc 4.15 1,000,000.00 914,211.92 914,211.92 01-06-26 11-15-30 CITY 30303MAB8 Meta Platforms Inc Global 4.20 1,500,000.00 1,510,500.00 1,510,500.00 01-06-26 05-06-30 CITY 46647PBD7 JPMorgan Chase & Co 3.70 1,500,000.00 1,482,990.00 1,482,990.00 01-23-26 04-13-29 CITY 023135CG9 Amazon.com Inc 3.45 1,000,000.00 988,500.00 988,500.00 01-23-26 01-23-30 CITY 6174468G7 Morgan Stanley MTN 4.43 1,000,000.00 1,007,000.00 1,007,000.00 01-23-26 01-10-31 CITY 89236TPH2 Toyota Motor Credit Corp 4.20 1,000,000.00 998,300.00 998,300.00 02-12-26 02-12-31 CITY 95004HBB3 Wells Fargo Bank 4.15 2,000,000.00 2,000,000.00 2,000,000.00 02-23-26 02-23-29 CITY 06055JQF9 Bank of America Corp 4.05 2,000,000.00 2,000,000.00 2,000,000.00 TOTAL CORPORATE BONDS 19,156,000.00$ 19,010,443.32$ 19,069,602.50$ STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND 09-01-84 n/a CITY 98-19-620 0.78 61,768,288.77 61,768,288.77 61,768,288.77 9-19-2024 n/a PFA 40-19-078 36,500,000.00 36,500,000.00 40,603,146.66 9-28-2021 n/a ARPA 19-19-004 0.78 14,557,860.40 14,557,860.40 14,557,860.40 TOTAL LAIF ACCOUNTS 112,826,149.17$ 112,826,149.17$ 116,929,295.83$ CAMP- CALIFORNIA ASSET MANAGEMENT PROGRAM 6080-01 n/a CITY 6080-01 0.30 54,427,026.51 54,427,026.51 54,427,026.51 TOTAL CAMP ACCOUNTS 54,427,026.51$ 54,427,026.51$ 54,427,026.51$ UBS FINANCIAL SERVICES n/a n/a CITY 0.00 6,806,160.14 6,806,160.14 6,806,160.14 TOTAL UBS FINANCIAL SERVICES ACCOUNTS 6,806,160.14$ 6,806,160.14$ 6,806,160.14$ TOTAL CITY INVESTMENTS 307,340,335.82$ 305,143,643.02$ 310