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Home My WebLink About2018 11 14NOTICE AND CALL OFA SPECIAL MEETING OF THE CITY COUNCIL TO THE MEMBERS OF THE AFOREMENTIONED AGENCIES AND THE CITY CLERK OF THE CITY OF BALDWIN PARK NOTICE IS HEREBY GIVEN that a Special Meeting is hereby called to be held on WEDNESDAY, NOVEMBER 14, 2018 at 5:30 PM. at City Hall — 3rd Floor Conference Room 307, 14403 East Pacific Avenue, Baldwin Park, CA 91706. Said Special Meeting shall be for the purpose of conducting business in accordance with the attached Agenda. NO OTHER BUSINESS WILL BE DISCUSSED Dated: November 8, 2018 AFFIDAVIT OF POSTING .m Manuel Lozano Mayor I, Alejandra Avila, City Clerk of the City of Baldwin Park hereby that, certify under penalty of perjury under the laws of the State of California, the foregoing agenda was posted on the City Hall bulletin board not less than 24 hours prior to the meeting on November 14, 2018. Alejandra Avila City Clerk AGENDA BALDWIN PARK CITY COUNCIL SPECIAL MEETING Please note time and NOVEMBER 14, 2018 i �at�on 5:30 PM CITY HALL — 31 Floor, Conference Room 307 14403 EAST PACIFIC AVENUE BALDWIN PARK, CA 91706 (626) 960-4011 'r HNI U V 1 5AN"',,GABR,//I E *40 20 /,VALE ��A / q7i�D JA140p' Manuel Lozano - Mayor Ricardo Pacheco - Mayor Pro Tem Cruz Baca - Council member Monica Garcia - Council member Susan Rubio - Council member PLEASE TURN OFF CELL PHONES AND PAGERS WHILE MEETING IS IN PROCESS POR FA VOR DE APAGAR SUS TELEFONOS CEL ULARES Y BEEPERS DURANTE LA JUNTA PUBLIC COMMENTS COMENTARIOS DEL PUBLICO The public is encouraged to address the City Se invita al publico a dirigirse al Concilio o cualquiera Council or any of its Agencies listed on this otra de sus Agencias nombradas en esta agenda, para agenda, but only on any matter posted on this hablar solamente sobre asunto publicado en esta agenda. If you wish to address the City Council or agenda. Si usted desea la oportunidad de dirigirse al any of its Agencies, you may do so during the Concilio o alguna de sus Agencias, podra hacerlo PUBLIC COMMUNICATIONS period noted on durante el periodo de Comentarios del Publico the agenda. Each person is allowed three (3) (Public Communications) anunciado en la agenda. A minutes speaking time. A Spanish-speaking cada persona se le permite hablar por tres (3) minutos. interpreter is available for your convenience. Hay un interprete para su conveniencia. CITY COUNCIL SPECIAL MEETING — 5:30 P.M. CALL TO ORDER ROLL CALL: Council Members: Cruz Baca, Monica Garcia, Susan Rubio, Mayor Pro Tem Ricardo Pacheco and Mayor Manuel Lozano PUBLIC COMMUNICATIONS Three (3) minute speaking time limit Tres (3) minutos sera el limite para hablar THIS IS THE TIME SET ASIDE TO ADDRESS THE CITY COUNCIL PLEASE NOTIFY THE CITY CLERK IF YOU REQUIRE THE SERVICES OF AN INTERPRETER No action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons; or 2) Direct staff to investigate and/or schedule matters for consideration at a future meeting. (Government Code §54954.21 ESTE ES EL PERIODO DESIGNADO PARA DIRIGIRSE AL CONCILIO FAVOR DE NOTIFICAR A LA SECRETARIA SI REQUIERE LOS SERVICIOS DEL INTERPRETE No se podra tomar accion en alg(jn asunto a menos que sea incluido en la agenda, o a menos que exista alguna emergencia o circunstancia especial. El cuerpo legislativo y su personal podran: 1) Responder brevemente a declaraciones o preguntas hechas por personas; o 2) Didgir personal a investigar y/o fijar asuntos para tomar en consideracion en juntas proximal. (Codigo de Gobierno §54954.21 OPEN SESSION/STUDY SESSION 1. Community Choice Aggregation Technical Study & Implementation Plan Barbara Boswell RECESS TO CLOSED SESSION 2. Real Property Negotiations Pursuant to Government Code §54956.8: A. Property: 4145 Puente Avenue (CAN 17-01) Negotiating Parties: City of Baldwin Park and Edward Avakyan, Jenome Research B. Property: 14551 Joanbridge Street (CAN 17-02) Negotiating Parties: City of Baldwin Park and Lih Ping Henry Liou, Baldwin Park TALE Corp. C. Property: 4150 Puente Avenue (CAN 17-06) Negotiating Parties: City of Baldwin Park and Shaun Bershatski, RUKLI, Inc. D. Property: 13111 Spring Street & 428 Cloverleaf Drive (CAN 17-07) Negotiating Parties: City of Baldwin Park and Ming Hong Huang, 428 Cloverleaf, LLC. E. Property: 5117 Calmview Avenue (CAN 17-08) Negotiating Parties: City of Baldwin Park and Victor Chevez and Helen Chau, Casa Verde Group F. Property: 13467 Dalewood Street (CAN 17-09) Negotiating Parties: City of Baldwin Park and Darrin Oganesian and Ryan Oganesian, RD Baldwin Park G. Property: 14837 & 14841 Ramona Boulevard (CAN 17-10) Negotiating Parties: City of Baldwin Park and Phil Reyes, and Alexis Reyes, Organic Management Solutions, LLC. H. Property: 5148 Bleecker Street (CAN 17-12) Negotiating Parties: City of Baldwin Park and Sergio Torres, Enrique Vega and Moses Acosta, Medical Grade Farms BP I. Property: 15023 Ramona Boulevard (CAN 17-13) Negotiating Parties: City of Baldwin Park and Shaun Szameit, Joshua Pierce and Kevin Huebner, Kultiv8 Group, LLC. J. Property: 4621 Littlejohn Street (CAN 17-15) Negotiating Parties: City of Baldwin Park and Teresa Tsai, GSC Capital Group K. Property: 5157 Azusa Canyon Road (CAN 17-17) Negotiating Parties: City of Baldwin Park and Mike Sandoval and Ed Barraza, Elite Green Cultivators L. Property: 5175 Commerce Drive (CAN 17-18) Negotiating Parties: City of Baldwin Park and Linda Thong, Pacific Cultivation, LLC. M. Property: 13450 Brooks Drive, Unit A & C (CAN 17-27) Negotiating Parties: City of Baldwin Park and Jonathan Yuan Kai Lee, Jefferson Liou, and Jerrell Austin Shepp, Cloud Control, Inc. N. Property: 4802 Littlejohn Street (CAN 17-28) Negotiating Parties: City of Baldwin Park and Marco Perez and Ren Yoneyama, VRD, Inc. O. Property: 13460 Brooks Drive (CAN 17-31) Negotiating Parties: City of Baldwin Park and Sigrid Lopez and Artem Karapetyan, Green Health Industries, LLC. 3. Conference With Legal Counsel—Anticipated Litigation Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Government Code Section 54956.9: Potential Case(s): Three (3) 4. Conference With Legal Counsel—Existing Litigation Pursuant to paragraph (1) of subdivision (d) of Government Code Section 54956.9: Case Name: Hadsell v. City of Baldwin Park Case No. BC548602 Case Name: City of Baldwin Park v. City of Irwindale Case No. BS163400 Case Name: Basilisa Hernandez v. City of Baldwin Park, et al. Case No. BC635494 Case Name: David Garcia v. City of Baldwin Park, Case No. BC709009 DOES 1 to 20, Inclusive Defendants, Dept. 4, Los Angeles Superior Court, Central District RECONVENE IN OPEN SESSION REPORT FROM CLOSED SESSION ADJOURNMENT CERTIFICATION I, Alejandra Avila, City Clerk of the City of Baldwin Park hereby that, certify under penalty of perjury under the laws of the State of California, the foregoing agenda was posted on the City Hall bulletin board not less than 24 hours prior to the meeting on November 14, 2018. 0" �Alejand'ra Avila City Clerk PLEASE NOTE: Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 2nd Floor Lobby Area or at the Los Angeles County Public Library in the City of Baldwin Park. For further information regarding agenda items, please contact the office of the City Clerk at (626) 960- 4011 ext. 466 or e-mail aavila(d�baldwinpark.com. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 960-4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE ll) NOTICE AND CALL OFA SPECIAL MEETING OF THE CITY COUNCIL TO THE MEMBERS OF THE AFOREMENTIONED AGENCIES AND THE CITY CLERK OF THE CITY OF BALDWIN PARK NOTICE IS HEREBY GIVEN that a Special Meeting is hereby called to be held on WEDNESDAY, NOVEMBER 14, 2018 at 7:00 PM. at City Hall — Council Chamber, 14403 East Pacific Avenue, Baldwin Park, CA 91706. Said Special Meeting shall be for the purpose of conducting business in accordance with the attached Agenda. NO OTHER BUSINESS WILL BE DISCUSSED Dated: November 8, 2018 AFFIDAVIT OF POSTING Manuel Lozano Mayor I, Alejandra Avila, City Clerk of the City of Baldwin Park hereby that, certify under penalty of perjury under the laws of the State of California, the foregoing agenda was posted on the City Hall bulletin board not less than 24 hours prior to the meeting on November 17, 2018. Alejandra Avila City Clerk v� nI y' vvOl en public record rek"ding f0 �"')genc r lfe;rm for ,gra Open Session Of re; r`uk"')rraee; inn Of ffreFP^ i,rff (""OElncil h"' r l- frf')EJe d f0 Y'le (""W�y' (""OElncil /ess 7"fe;a rneefing will be public rnspecfion a�f i"rff l°krllln U'le (""W�y, f,lerfr S 01fce ",Ll 103 f f ","')�f,rfrc v1i e, nue;^ r(cl Ile; 0( during nor'r'n )�l business i"lo rs 7`30 r rn , 6,00 p rn.l BALDWIN PARK CITY COUNCIL SPECIAL MEETING NOVEMBER 14, 2018 7:00 PM COUNCIL CHAMBER 14403 E. Pacific Avenue Baldwin Park, CA 91706 (626) 960-4011 ON HUE(0F�'�/> A.. H E':// 7� SA 6/ ,' tIEL co V A C E, Manuel Lozano Ricardo Pacheco Cruz Baca Monica Garcia Susan Rubio - Mayor - Mayor Pro Tem - Council Member - Council Member - Council Member PLEASE TURN OFF CELL PHONES AND PAGERS WHILE MEETING IS IN PROCESS POR FAVOR DE APAGAR SUS TELEFONOS CELULARES Y BEEPERS DURANTE LA JUNTA PUBLIC COMMENTS The public is encouraged to address the City Council or any of its Agencies listed on this agenda on any matter posted on the agenda or on any other matter within its jurisdiction. If you wish to address the City Council or any of its Agencies, you may do so during the PUBLIC COMMUNICATIONS period noted on the agenda. Each person is allowed three (3) minutes speaking time. A Spanish speaking interpreter is available for your convenience. City Council Agenda COMENTARIOS DEL PUBLICO Se invita al publico a dirigirse al Concilio o cualquiera otra de sus Agencias nombradas en esta agenda, para hablar sobre cualquier asunto publicado en la agenda o cualquier tema que este bajo su jurisdiccion. Si usted desea la oportunidad de dirigirse al Concilio o alguna de sus Agencias, podra hacerlo durante el periodo de Comentarios del Publico (Public Communications) anunciado en la agenda. A cada persona se le permite hablar por tres (3) minutos. Hay un interprete para su conveniencia. Page 2 CITY COUNCIL SPECIAL MEETING — 7:00 PM CALL TO ORDER INVOCATION PLEDGE OF ALLEGIANCE ROLL CALL Council Members: Cruz Baca, Monica Garcia, Susan Rubio, Mayor Pro Tem Ricardo Pacheco and Mayor Manuel Lozano REPORT FROM CLOSED SESSION ANNOUNCEMENTS PROCLAMATIONS, COMMENDATIONS & PRESENTATIONS • Introduction of new staff, City Building Official Long Tang and City Engineering Manager John Beshay Honoring the Service and Retirement of Assistant Chief Jim Enriquez, Los Angeles County Fire Department PUBLIC COMMUNICATIONS Three (3) minute speaking time limit Tres (3) minutos sera el limite para hablar THIS IS THE TIME SET ASIDE TO ADDRESS THE CITY COUNCIL PLEASE NOTIFY THE CITY CLERK IF YOU REQUIRE THE SERVICES OF AN INTERPRETER No action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons, or 2) Direct staff to investigate and/or schedule matters for consideration at a future meeting. [Government Code §54954.2] ESTE ES EL PERIODO DESIGNADO PARA DIRIGIRSE AL CONCILIO FAVOR DE NOTIFICAR A LA SECRETARIA SI REQUIERE LOS SERVICIOS DEL INTERPRETE No se podra tome accion en algOn asunto a menos que sea incluido en la agenda, o a menos que exista algOna emergencia o circunstancia especial. El cuerpo legislativo y su personal podran: 1) Responder brevemente a declaraciones o preguntas hechas por personas; o 2) Dirigir personal a investigar y/o fijar asuntos para tomar en consideracion en juntas proximas. [Codigo de Gobierno §54954.2] CONSENT CALENDAR All items listed are considered to be routine business by the City Council and will be approved with one motion. There will be no separate discussion of these items unless a City Councilmember so requests, in which case, the item will be removed from the general order of business and considered in its normal sequence on the agenda. Warrants and Demands Staff recommends that Council ratify the attached Warrants and Demands Register. 2. Treasurer's Report — September 2018 Staff recommends that Council receive and file the Treasurer's Report. City Council Agenda Page 3 3. Meeting Minutes Staff recommends that Council receive and file the following Meeting Minutes: A. Meeting Minutes of the Regular City Council Meetings held on October 17, 2018. 4. Adopt Resolution No. 2018-300 Approving Baldwin Park Community Choice Aggregation Program Implementation Plan and Statement of Intent Staff recommends that Council approve Resolution No. 2018-300 Approving Baldwin Park Community Choice Aggregation Program Implementation Plan and Statement of Intent and direct staff to submit the Implementation Plan with the California Public Utilities Commission for certification. 5. Award of Bid for City Project No. 2018-0265 — Frazier Street Pedestrian and Bicycle Safety Improvements Project It is recommended that the City Council - 1 . ouncil: 1. Approve and award the contract to PALP, Inc. DBA Excel Paving out of Long Beach, CA in the amount of $1,024,574.00; and 2. Authorize the Mayor and City Clerk to execute the contract for Frazier Street Pedestrian and Bicycle Safety Improvements; and 3. Authorize the Director of Finance to appropriate $72,142.60 from fund #257 — Traffic Mitigation Fees to Account #257-50-520-58100-15717. 6. Transfer of the New Public Information Contract It is recommended that the City Council - 1 . ouncil: 1. Accept the mutual dissolution of the contract with Veronica Perez and Associates; 2. Accept the proposal Urban Strategy Group for one year with the option to renew for one additional year and direct City Attorney to prepare a standard consultant agreement to be executed by the Mayor, and; 3. Authorize the Finance Director to make any necessary budget adjustments. 7. Approve a Resolution Revising the Comprehensive City of Baldwin Park Pay Schedule to Comply with the State Minimum Wage Increase, Effective January 1, 2019, and Update the Pay Schedule to Correct a Clerical Error in the Finance Director and Human Resources Analyst I Salary It is recommended that the City Council approve Resolution No. 2018-302 to update: The salary ranges and steps for part-time employees to comply with the California minimum wage increase effective, January 1, 2019, and direct the Executive Team to place incumbent part-time employees into the closest salary step for their position in the new schedule that does not result in a decreased hourly rate for the employee; and 2. Correct a clerical error in the salary range for Finance Director to reflect rate of pay authorized in the Employee Agreement; and correct a clerical error and adjust the pay rate within the respective salary range for Human Resources Analyst I. City Council Agenda Page 4 8. Approve and Adopt Resolution No. 2018-303, Casting a Vote for Councilmember to Serve as Bond Member to Represent Cities without Pumping Rights on the San Gabriel Basin Water Quality Authority Staff recommends the City Council cast its vote for Valerie Munoz and adopt Resolution No. 2018-303, which will select such Nominee to serve as the Board Member representing cities without pumping rights on the San Gabriel Basin Water Quality Authority. 9. Introduction of an Ordinance to Regulate Sidewalk Vending in Response to State Law SB946 (Lara) Sidewalk Vending Staff recommends that the City Introduce for first reading, by title only and waive further reading, Ordinance 1431, entitled, "AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK REGULATING THE BUSINESS OF SIDEWALK VENDING AS DEFINED BY STATE LAW CITY COUNCIL ACTING AS SUCCESSOR AGENCY OF THE DISSOLVED COMMUNITY DEVELOPMENT COMMISSION CONSENT CALENDAR All items listed are considered to be routine business by the City Council and will be approved with one motion. There will be no separate discussion of these items unless a City Councilmember so requests, in which case, the item will be removed from the general order of business and considered in its normal sequence on the agenda. SA -1 Successor Agency to the Dissolved Community Development Commission of the City of Baldwin Park Warrants and Demands Staff recommends that Council ratify the attached Warrants and Demands Register. SA -2 Successor Agency to the Dissolved Community Development Commission of the City of Baldwin Park Treasurer's Report — September 2018 Staff recommends that Council receive and file the Treasurer's Report PUBLIC HEARING 10. Zoning Code Amendment No. AZC-186, an Amendment to the City Of Baldwin Park Municipal Code Chapter 153 Sections 153.040.020, 153.120.350, 153.150.100, and 153.220.050 relating to Accessory Dwelling Units Staff recommends the City Council open the public hearing, receive public testimony, and following discussion by the City Council, introduce Ordinance 1430: "AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, CALIFORNIA AMENDING THE BALDWIN PARK MUNICIPAL CODE, TITLE XV, LAND USAGE, CHAPTER, 153, ZONING CODE, SECTIONS 153.040.020, 153.120.350, AND 153.150.100, AND 153.220.050 RELATING TO ACCESSORY DWELLING UNITS — ZONING CODE AMENDMENT CASE NUMBER AZC 186". City Council Agenda Page 5 REPORTS OF OFFICERS 11. Approval of Resolution No. 2018- 301, "A Resolution of the City Council of the City of Baldwin Park Approving the Form and Authorizing Distribution of a Preliminary Official Statement and Approving the Form and Authorizing the Execution of a Bond Purchase Agreement, all in Connection with the Offering and Sale of Taxable Pension Obligation Bonds, and Authorizing Certain Actions with Respect Thereto" Staff recommends that the City Council: Approve Resolution No. 2018-301 approving the form and authorizing distribution of a preliminary official statement and approving the form and authorizing the execution of a bond purchase agreement, all in connection with the offering and sale of taxable pension obligation bonds in an amount not to exceed $55 million, and authorizing certain actions with respect thereto. CITY COUNCIL / CITY CLERK / CITY TREASURER / STAFF REQUESTS & COMMUNICATIONS • None ADJOURNMENT CERTIFICATION I, Alejandra Avila, City Clerk of the City of Baldwin Park hereby certify that, under penalty of perjury under the laws of the State of California, the foregoing agenda was posted on the City Hall bulletin board not less than 24 hours prior to the meeting. Dated this 8th day of November, 2018. Alejandra Avila utv LIerK PLEASE NOTE: Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 2nd Floor Lobby Area or at the Los Angeles County Public Library in the City of Baldwin Park. For further information regarding agenda items, please contact the office of the City Clerk at (626) 960-4011 ext. 466 or via e-mail at aavila(Er baldwinpark.com. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 9604011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE II) City Council Agenda Page 6 ITEM NO. --'L TO: Honorable Mayor and Members of the City Council FROM: Rose Tam, Director of Financenv DATE: November 14, 2018 - r SUBJECT: City of Baldwin Park's Warrants and Demands SUMMARY Attached is the Warrants and Demands Register for the City of Baldwin Park to be ratified by the City Council. RECOMMENDATION Staff recommends that the City Council ratify the attached Warrants and Demands Register. FISCAL IMPACT The payrolls for the last periods were $1,027,445.70 and the attached General Warrants Register was $2,861,950.38 for a total amount of $3,889,396.08. BACKGROUND The attached Claims and Demands report format meets the required information as set out in the California Government Code. Staff has reviewed the requests for expenditures for the appropriate budgetary approval and for the authorization from the department head or its designee. Pursuant to Section 37208 of the California Government Code, the Chief Executive Officer or his/her designee does hereby certify to the accuracy of the demands hereinafter referred. Payments released since the previous City Council meeting and the following is a summary of the payment released: The last payrolls of the City of Baldwin Park consists of check numbers 199760 to 199820. Additionally, Automated Clearing House (ACH) Payroll deposits were made on behalf of City Employees from control number 9796 to 10324 for the period of September 23, 2018 through October 20, 2018, inclusive; these are presented and hereby ratified in the amount of $1,027,445.70. 2. General Warrants, with the bank drafts in the amount of $627,756.98 and checks from 221536 to 221906 in the amount of $2,234,193.40 for the period October 8, 2018 to November 5, 2018, inclusive; in the total amount of $2,861,950.38 constituting of claims and demands against the City of Baldwin Park, are herewith presented to the City Council as required by law, and the same hereby ratified. LEGAL REVIEW Not Applicable ATTACHMENT 1. Expense Approval Report Attachment 1 Expense Report CU O u1 V H N N V1 to O O U1 V1 N W N l0 Oo m C w w w 111 to o .-I W w M O O O V C O 1� M O M N Ol tp G O O N 1� n O b W m c .-I m as m w o lG i/1 -1 N V O N t0 a O M O Ol as as M 1.: N M o a -I V) ill Vl 1.: M O N m m W M O 00 N 00 V 0110 M N Oo .ti m W N N O N N V1 V m v m E N . 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The Treasurer's Report lists all cash for the City which includes the Baldwin Park Financing Authority, the Housing Authority, and the Successor Agency to the Community Development Commission (CDC). All investments are in compliance with the City's Investment Policy and the California Government Code. RECOMMENDATION Staff recommends that Council receive and file the Treasurer's Report for September 2018. FISCAL IMPACT None BACKGROUND City of Baldwin Park Investment Policy requires the Treasurer's Report be submitted to the Mayor and City Council on a monthly basis. LEGAL REVIEW Not Applicable ATTACHMENT 1. Exhibit "A", Treasurer's Report Exhibit "A" Treasurers Report CITY OF BALDWIN PARK TREASURER'S REPORT 9/30!2018 INVESTMENT INTEREST PURCHASE MATURITY DESCRIPTION RATE DATE DATE State of California Local Agency Investment Fund (LAIF) City -Including General Fund 6 all other Special Revenue Funds 2.06% Varies Varies Housing Authority 2.06% Varies Varies Certificate 21 PrWI6 Citibank National Association (Mutual Securities) 1.90% 1/25/2018 1/25/2019 American Express Centurion (Mutual Securities) 1.60% 4/12/2017 4/12/2019 EverbankJacksonviNe (Mutual Securities) 1.65% 4/16/2017 4116/2019 Goldman Sachs Bk USA NY (Mutual Securities) 2.25% 1/24/2018 1/24/2020 Sailie Mae Bk SLT Lake City UT (Mutual Securities) 2.25% 1/2412018 1/2012020 Safra National Bank New York (Cantella) 200% 4/16/2018 4115/2019 Morgan Stanley Bank N A Utah (CanteOa) 254% 4/19/2018 4120/2020 US Treasury Big (UBS) 207% Fiscal Agent Funds (Trust/Debt Service Fund) Varies Fiscal Agent Funds - Successor Agency (Trust/Debt Service Fund. Varies 3/29/2018 3/28/2019 Varies Varies Varies Varies PAR CURRENT BOOK MARKET VALUE PRINCIPAL VALUE VALUE S 24,919,830.46 $ 24,919,830.46 $ 24,919,830.46 S 24,919,830.46 13,415.82 13,415.82 13,416.82 13,416.82 24,933,246.28 24,933,248.28 24,935,246.28 24,933,246.28 260,000.00 250,000.00 250,000.00 249,710.00 250,000.00 250,000.00 250,000.00 249,180.00 250,000.00 250,000.00 250,000.00 249,077.50 250,000.00 260,000.00 260.000.00 248,722.50 250,000.00 250,000.00 250.000.00 248,722.50 250,000.00 250,000.00 250,000.00 249,67260 250,000.00 250,000.00 250,000.00 249,675.00 1,760,000.00 1,750,000.00 1,750,000.00 1,744,760.00 1.000.000.00 1,000.000.00 1,000.000.00 988,600.00 0.00 0.00 0.00 0.00 9,967.45 9,967.45 9,967.45 9,967.45 9,967.45 9,967.46 9,967.45 9,997.46 $ 27,693,213.73 $ ___27 93,2 1&73 $ 27,676,573.73 27,693,213.73 S Total Investments $ 27,693,213.73 Cash with Bank of the West City Checking 1,810,204.06 Money Market Plus 132,48273 City Miscellaneous Cash 53,768.88 Successor Agency 502,491.87 Housing Authority 270,576,48 Financing Autlwray 1,719.06 Investment Brokerage 59.44 Total Cash with Bank of the West 2,771,29266 Total Cash and Investments $ 30464.606 29 Schedule of Cash and investments includes city-wide assets as included in the Comprehensive Annual Financial Report. • There was 4 Investments that matured in September 2018. No purchase transactions were made for the month of September 2018 and several depositshvithdrawals were made through the Local Agency Investment Fund. In compliance with the California Government Code Section 53646 et seq., I hereby certify that sufficient Investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all Investments are in compliance to the City's Statement of Investment Policy. Approved by: '4Z Rose Tam Director of Finance STAFF REPORT ITEM NO. TO: Honorable Mayor and Members of the City Council FROM: Lourdes Morales, Chief Deputy City Clerk DATE: November 14, 2018 SUBJECT: Meeting Minutes SUMMARY The City Council held a Regular City Council Meeting on October 17, 2018. RECOMMENDATION Staff recommends that the City Council approve meeting minutes for the following City Council Meetings: • Regular Meeting of October 17, 2018 FISCAL IMPACT There is no fiscal impact associated with this item. BACKGROUND Not applicable ALTERNATIVES Not applicable LEGAL REVIEW This report does not require legal review. ATTACHMENTS 1. Regular Meeting Minutes of October 17, 2018 Attachment 1 Regular Minutes 10.17.18 MINUTES BALDWIN PARK CITY COUNCIL REGULAR MEETING OCTOBER 17,2018,7:00 P.M. COUNCIL CHAMBER - 14403 E. Pacific Avenue, Baldwin Park, 91706 These minutes are presented in Agenda order. Various announcements or discussions may have occurred before or after the title under which they are presented. CALL TO ORDER The meeting was called to order by Mayor Lozano at 7:03 p.m. INVOCATION The invocation was provided by Pastor Anthony. PLEDGE OF ALLEGIANCE The Pledge of Allegiance was led by Mayor Lozano. ROLL CALL MEMBERS PRESENT: Council Member Cruz Baca Council Member Monica Garcia (arrived at 7:07 pm) Council Member Susan Rubio Mayor Pro Tem Ricardo Pacheco Mayor Manuel Lozano REPORT ON CLOSED SESSION Mayor Lozano reported out of Closed Session that no reportable action was taken. ANNOUNCEMENTS Council Member Baca requested the meeting be adjourned on behalf of Albert Ambriz Jr., son of Council Member Albert Amriz for the City of Irwindale and in memory of Pastor Anthony's son. Mayor Lozano acknowledged Congresswoman Grace Napolitano, Candidate for Judge Cyndi Michelle and thanked them for their attendance. Council Member Rubio reminded the community of the upcoming events including the 62nd anniversary parade, the day of the dead, and the Trick or Treat event hosted by the Police Department. PROCLAMATIONS, COMMENDATIONS & PRESENTATIONS • Introduction of new staff, Community Development Director Benjamin Martinez and City Planner Ron Garcia Mayor Lozano introduced the newly appointed Community Development Director Benjamin Martinez to the City of Baldwin Park. Council Member Baca welcomed Benjamin Martinez on board and stated she looked forward in collaborating on Measure H. Mayor Lozano also introduced the newly appointed City Planner Benjamin Martinez to the City of Baldwin Park. Council Member Rubio welcomed Ron's family to the City. Ron Garcia stated he looked forward to working with the residents, employees and Council Members to strengthen the values of Baldwin Park. Benjamin Garcia thanked the City Council for their selection and pledged to move the City forward. Council Member Baca stated she looked forward to working with Ron Garcia as well. Council Member Rubio welcomed Marley and congratulated her on her appointment to the youngest president of the student council. Marley thanked everyone. PUBLIC COMMUNICATIONS Mayor Lozano opened Public Communications at 7:19 p.m. and noted that each speaker is permitted a total of three (3) minutes to speak. Steve Chan from Grown Folks provided an update to the City Council of his new address and invited them to their grand opening. Sydne Jane Michelle candidate running for Judge commented on her qualifications. Alfred Colleta candidate running for judicial office also spoke on his qualifications. Chase Fidler Engineering Assistant for the Public Works division invited the City Council and residents to attend a community meeting relating to the SSARP updates on collision analysis study to engage the community an obtain feedback. Daniel Lovanos city ambassador for One Legacy invited the Mayor and City Council Members to an exclusive first look of the Annual Rose Parade Float on December 12 to meet donors and members of One Legacy. Regular Meeting of 10/17/18 Page 2 of 8 Council Member Rubio inquired whether they were accepting applications for volunteers who wished to assist in the decoration of the float. Daniel Lovanos provided detailed information for those who were interested in voulunteering. Council Members thanked them for all they do. Resident of Baldwin Park and recipient of a transplant requested the Mayor and City Council's presence at the sneak peek event. Mr. Luna commented on an article published in the paper and requested the matter be investigated further. Veronica Lopez representative of Congresswomen Blaca Rubio invited the City Council and members of the community to attend an informational hearing of domestic violence on Friday October 26, in the City of Duarte. Irene Bobedilla General Manager of Think Together Afterschool Program invited all to attend the Lights on After School event. Thomas Carrey commented on domestic abuse from women towards men. Margaret Lopez and Hide Gonzalez invited the members of the community and the City Council to attend the Day of the Dead event. Christina Cardenas with Evan Brooks Associates updated the community, staff and Council Members of upcoming events related to the commuter connector express line. Valerie Munoz requested Council's support in nominating her to the Water Quality Authority (WQA) Board Member Representing Cities without Pumping Rights. Mayor Lozano requested Mark step to the podium and provide details on Puente Street. Mark requested additional patrol and a solution to control speeding on the intersection of Puente and Mulberry Street. Mark additionally thanked staff for their efforts. Seeing no others wishing to speak, Public Communications closed at 7:55 p.m. CONSENT CALENDAR All items listed under the consent calendar are considered to be routine business by the City Council and were approved with one motion. Council pulled Item No. 8 from Consent Calendar for further discussion. MOTION: It was moved by Mayor Lozano, seconded by Council Member Baca to approve the remainder of the Consent Calendar. Motion carried by the following vote: ROLL CALL: Regular Meeting of 10/17/18 Page 3 of 8 AYES: Baca, Garcia, Lozano, Pacheco, and Rubio NOES: None ABSENT: None ABSTAIN: None 1. WARRANTS AND DEMANDS The City Council ratifed the attached Warrants and Demands Register. 2. TREASURER'S REPORT — AUGUST 2018 The Council received and file the Treasurer's Report. 3. APPROVAL OF MEETING MINUTES The City Council received and filed: A. Meeting Minutes of the Special and Regular City Council Meetings held on October 3, 2018. 4. RATIFICATION OF AN EMPLOYMENT AGREEMENT WITH RON GARCIA, CITY PLANNER The City Council ratifed the employment agreement with Ronald R. Garcia, Jr. for employment as the City Planner, and authorized its execution by the Mayor. 5. APPROVAL OF EMPLOYMENT AGREEMENT WITH BENJAMIN MARTINEZ FOR THE POSITION OF COMMUNITY DEVELOPMENT DIRECTOR The City Council approve the agreement with Benjamin Martinez for the position of Community Development Director (CDD) and directed the Mayor and City Clerk to execute it. 6. APPROVE THE INCLUSION OF A SEVEN STEP SALARY RANGE FOR THE HUMAN RESOURCES ANALYST I, AND ADOPT AND RATIFY THE RESOLUTION UPDATING THE SALARY ADJUSTMENTS TO THE COMPREHENSIVE CITY OF BALDWIN PARK PAY SCHEDULE IN ACCORDANCE WITH CALPERS GUIDELINES The Council approved, ratified and adopted: Resolution No. 2018-296 to approve the Comprehensive City of Baldwin Park Pay Schedule incorporating the salary adjustments of the Human Resources Analyst I position, effective October 17, 2018; and Authorized the Finance Director to complete the budget amendments and appropriations and make any necessary adjustments. 7. Nomination for Water Quality Authority (WQA) Board Member Representing Cities without Pumping Rights The City Council: Nominated and supported Valerie Munoz; and Adopted Resolution No. 2018-297 confirming the nomination. Regular Meeting of 10/17/18 Page 4 of 8 8. Approval of Resolution Entitled, "A Resolution of the City Council of the City of Baldwin Park, County of Los Angeles, State of California, Approving the Submission of a Declaration of a Shelter Crisis Pursuant to SB 860 (Chapter 48, Statutes of 2018 and Government Code § 8698.2) to the Los Angeles Continuum of Care" (Pulled from Consent Calendar for Separate Consideration) Council Member Baca commented on the efforts of Baldwin Park in taking the initiative to combat homelessness and requested Yuriko provide an overview of the item. Yuriko Ruizesparza, Recreation Program Supervisor thanked the City Council and staff for their assistance and provided an overview of the process stating the first step had commenced via an RFP process and would further advance in the next few years. Council Member Rubio thanked staff for their hard work and Council Member Garcia inquired the estimated time of completion. Yuriko stated the expected implementation date was 18 months. Council Member Garcia requested additional information be provided via a staff meeting. MOTION: It was moved by Council Member Garcia, seconded by Council Member Garcia to: 1. Approve the Resolution No. 2018-298 entitled, "A Resolution of the City Council of the City of Baldwin Park, County of Los Angeles, State of California, Approving the Submission of a Declaration of a Shelter Crisis Pursuant to SB 850 (Chapter 48, Statutes of 2018 and Government Code § 8698.2) to the Los Angeles Continuum of Care"; and 2. Authorize the Director of Recreation and Community Services to sign all necessary documents and agreements related to the submission of the Declaration of a Shelter Crisis to the Los Angeles Continuum of Care to further address the homelessness crisis; and 3. Authorize staff to collaborate with the Tri -City Cohort Partnership with Cities of EI Monte and South EI Monte for homeless plans implementation and submit a grant in accordance with the Los Angeles County Homeless Initiative and the Home for Good guidelines; and 4. Authorize Staff to individually submit a grant in accordance with the Los Angeles County Homeless Initiative and the Home for Good guidelines. Motion carried by the following vote: ROLL CALL: AYES: Baca, Garcia, Lozano, Pacheco, and Rubio NOES: None ABSENT: None ABSTAIN: None Regular Meeting of 10/17/18 Page 5 of 8 9. Amendment to the Professional Services Agreement with Evan Brooks and Associates to Manage Bus Planning and Coordination Services for the Commuter Connector Express Line Transit Expansion The City Council: 1. Authorized the Mayor to amend the existing professional services agreement with Evan Brooks Associates (EBA) for services related to Bus Planning and Coordination Services for the Commuter Connector Express Line Project not -to exceed $25,610; and 2. Authorized the Finance Director to appropriate $25,610 from Fund 270 (Grants Fund) for the amendment to the Professional Services Agreement. PUBLIC HEARING 10. A Joint Public Hearing by the City Council of the City of Baldwin Park and the Board of Directors of the Municipal Financing Authority and Approval of Resolution No. 2018-299, "A Resolution of the City Council of the City of Baldwin Park Approving Proceeds to Finance Rail Crossing Safety Improvements at the Pacific, Merced and Foster Avenue and McDevitt Street Crossings from Measure M Revenue Bonds to be Issued by the Baldwin Park Municipal Financing Authority, Approving the Form and Authorizing the Distribution of a Preliminary Official Statement and Approving Related Actions" Chief Executive Officer Shannon Yauchzee provided an overview of the item. The Mayor opened the public hearing at 8:13 pm. Beatriz spoke in favor of Measure M. Kevin Rooney commented on sewer issues near Foster School. Seeing no further speakers, the Mayor closed the public hearing at 8:17 pm. MOTION: It was moved by Mayor Lozano, seconded by Council Member Baca to: Hold a Joint Public Hearing and after considering testimony, approve Resolution No. 2018-299 approving proceedings to finance rail crossings safety improvements, approving the form and authorizing execution of an Installment Sale Agreement and a Bond Purchase Agreement and approving the form and authorizing distribution of a Preliminary Official Statement and approving related actions for the issuance of the Measure M Revenue Bonds by the Baldwin Park Municipal Financing Authority (Authority) in an amount not to exceed $7.2 million; and 2. Authorize execution of contracts with Harrell & Company Advisors, LLC, financial advisor and Quint & Thimmig LLP, bond counsel and disclosure counsel, and accept proposal to underwrite the bonds from Ramirez & Co., Inc. Regular Meeting of 10/17/18 Page 6 of 8 A motion was made by Lozano, seconded by Garcia, and carried (5 — 0) to approve and award the contract to Lucas Builders, Inc., in the amount of $59,000, and authorize the Mayor to execute the contract. Motion carried by the following vote: AYES: Baca, Garcia, Lozano, Pacheco, and Rubio NOES: None ABSENT: None ABSTAIN: None CITY COUNCIL ACTING AS SUCCESSOR AGENCY OF THE DISSOLVED COMMUNITY DEVELOPMENT COMMISSION CONSENT CALENDAR All items listed under the consent calendar are considered to be routine business by the City Council and were approved with one motion. MOTION: It was moved by Mayor Lozano, seconded by Council Member Baca to approve the Consent Calendar. Motion carried by the following vote: AYES: Baca, Garcfa, Lozano, Pacheco, and Rubio NOES: None ABSENT: None SA -1 Successor Agency to the Dissolved Community Development Commission of the City of Baldwin Park Treasurer's Report — August 2018 The City Council received and filed the Treasurer's Report. CITY COUNCIL / CITY CLERK / CITY TREASURER / STAFF REQUESTS & COMMUNICATIONS Request by Mayor Pro Tem Pacheco Mayor Pro Tem Ricardo Pacheco would like discussion and direction to staff to draft a letter to State representatives for the Mayor and Council's signatures, expressing displeasure in the delays in the construction of the Interstate 10 near Puente. The delays are harming businesses in our already disadvantaged community. Furthermore Caltrans has not been responsive in quickly solving the right of way and landscape problems at this location. Mayor Pro Tem Pacheco commented on the delayed completion of projects affecting the City of Baldwin Park along the 1-10 highway, defacing of public property during construction, and lack of care and cleanliness by Caltrans in their landscaping. Mayor Pro Tem Pacheco requested staff contact Caltrans to express the City's dissatisfaction. Council Member Baca agreed with Mayor Pro Tem Pacheco's comments and inquired whether the City may request completion deadlines stipulated in the contract to ensure the contractors have fulfilled their duties. Regular Meeting of 10/17/18 Page 7 of 8 Public Works Director Sam Gutierrez confirmed deadlines are outlined in the contract and agreed Caltrans far exceeded the estimated completion date by a couple of years. The City Council requested staff send letters to the state representatives to ensure the contractors are held accountable and stress the impact it is making on business owners and their revenue. Council Member Garcia echoed Mayor Pro Tem Pacheco's comment and added the issue was an environmental justice matter. Request by CEO Shannon Yauchzee: • CEO Shannon Yauchzee would like to request direction from the City Council to cancel the November 7, 2018 meeting due to the election and cancel the November 21, 2018 meeting due to the Thanksgiving Holiday, and in their place hold a special meeting on Wednesday November 14, 2018 at 5:30 pm and 7:00 pm. The Mayor and City Council agreed to cancel the regular City Council meeting of November 7th meeting hold a special meeting on November 14tH ADJOURNMENT There being no other business to discuss, and all other matters having been addressed, a motion was made by Mayor Lozano, seconded by Council Member Garcia, to adjourn the meeting at 8:31 p.m. Mayor ATTEST: Manuel Lozano, Mayor Alejandra Avila, City Clerk U'ViIJI-067AH Regular Meeting of 10/17/18 Page 8 of 8 STAFF REPORT ITEM NO. 41 TO: Honorable Mayor and Members of the City Council FROM: Shannon Yauchzee, Chief Executive Officer Benjamin Martinez, Director of Community Development DATE: November 14, 2018 SUBJECT: Adopt Resolution No. 2018-300 Approving Baldwin Park Community Choice Aggregation Program Implementation Plan and Statement of Intent SUMMARY This report seeks City Council consideration and direction regarding approval of a Baldwin Park Community Choice Aggregation Program (BPCCA) Implementation Plan and Statement of Intent and submittal to the California Public Utilities Commission for certification. RECOMMENDATION Staff recommends that Council approve Resolution No. 2018-300 Approving Baldwin Park Community Choice Aggregation Program Implementation Plan and Statement of Intent and direct staff to submit the Implementation Plan with the California Public Utilities Commission for certification. FISCAL IMPACT There is no fiscal impact from this action, however, should the City decide to launch the Community Choice Aggregation program in May 2020, sufficient revenues would be generated to cover expenses, as summarized below. BACKGROUND In order to launch in 2020 the approval of the implementation plan must be done before the end of the year. If the end of the year deadline is not met, the soonest launch could be in 2021. Approval of the implementation plan is not a final action and based on ongoing evaluation of rate data the City Council could decide at a later time not to form the BPCCA. TECHNICAL STUDY The City Council authorized and directed staff to execute a contract with California Choice Energy Authority to prepare a technical study of a proposed City of Baldwin Park Community Choice Aggregation program and Implementation Plan and Statement of Intent. The technical study was completed in September 2018 utilizing current customer electricity usage information from Southern California Edison current power market conditions. The study concluded that Baldwin Park can establish a CCA program that meets the goals of: • Local control of energy procurement and rate setting; • Revenue streams that can support climate action plan goals and energy efficiency programs that meet the priorities as established by City Council; • Sufficient revenues to cover costs and establish reserves; • Rate savings to its residents and businesses California Choice Energy Authority is Joint Powers Authority of agencies operating community choice aggregation programs (CCA) in California. CCEA is unique in that each CCA maintains autonomy in rate setting, program branding, renewable energy content policies and revenue control. It provides the opportunity for CCA programs to share administrative, regulatory and procurement activities to minimize costs and maximize efficiencies. Current Associate Members include Lancaster (Lancaster Choice Energy), San Jacinto (San Jacinto Power), Pico Rivera (Pico Rivera Innovative Municipal Energy) and Rancho Mirage (Rancho Mirage Energy Authority). Services provided by CCEA are outsourced to consultants that have experience and expertise in CCA operations. In addition to the financial benefits, the CCEA structure results in Baldwin Park City Council having full control of rate setting, budget approval, policy setting and program direction. This keeps the local control aspect of the CCA local. The CPUC has established a very specific timeline for CCA implementations. For Baldwin Park, in order to have the option to launch and operate a CCA in 2020, it must approve and submit an Implementation Plan by December 31, 2018. The technical study assumes this, and projects a launch date of May 2020. The technical study was performed utilizing current energy market and rate conditions and assuming Baldwin Park joins CCEA for administrative and energy procurement cost savings. Assumptions include: Customer Participation Rate 90% Initial Rate Savings 1% Default Energy Product 50% Carbon (GHG) Free Launch Date May 2020 The results of the study are summarized below: $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 Baldwin Park CCA Financial Results 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 ■ Revenues a Operating Expenditures ■ Reserve & Financing H Discretionary Exp The study found that under current market conditions and SCE rates, the City's CCA program generates sufficient revenues to cover operating expenses and reserves through the ten-year forecast timeline. These results can, and will, change as market conditions change and as we move further into the implementation process. It is estimated that initial non -discretionary start-up costs of $351,000 are required: Non -Discretionary Start -Up Costs Technical consultants $160,000 CCA Bond & CAISO Fee $151,000 Required noticing $ 40,000 In addition, it is estimated that discretionary start-up costs that include staff time, additional marketing and other administrative expenses could be incurred up to $285,000. These are not hard costs, but provides a framework of what Baldwin Park may incur should it choose. Implementation Plan and Statement of Intent Assembly Bill 117 provides the authorization for a city or county to pool its electricity load and supply that power to its community. Once of the required steps for establishing a CCA program is to approve an Implementation Plan and Statement of Intent. There are very clear requirements established by the California Public Utilities Commission (CPUC) on what is to be included in the Implementation Plan (Plan). These plans are meant to lay out the general operating principles and goals for the CCA. Once adopted, the Plan is submitted to the CPUC for certification. This CPUC has 90 days with which to do review and certify the Plan. The attached Plan has been developed to meet all the requirements while still giving flexibility to Baldwin Park to develop a program that meets the needs of its community. The adoption does not commit Baldwin Park to operating a CCA. It opens the window of opportunity for Baldwin Park to launch a CCA in 2020 should further evaluation and due diligence throughout 2019 show that conditions continue to be favorable and the City Council continues to support the implementation. ALTERNATIVES The alternatives are not approve the Baldwin Park Community Choice Aggregation Implementation Plan and Statement of Intent, resulting in the City not being able to consider launching a CCA in 2020. LEGAL REVIEW This report has been reviewed and approved by the City Attorney as to legal form and content. #1. ATTACHMENTS 1.) Resolution 2018-300 2.) Community Choice Aggregation Implementation Plan and Statement of Intent Attachment 1 Resolution 2018-300 RESOLUTION NO. 2018-300 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, APPROVING BALDWIN PARK COMMUNITY CHOICE AGGREGATION PROGRAM IMPLEMENTATION PLAN AND STATEMENT OF INTENT PURSUANT TO PUBLIC UTILITIES CODE SECTION 366.2(c)(3) WHEREAS, the City of Baldwin Park ("City") is pursuing alternative energy solutions in hopes of bettering the current and future environmental and economic conditions of its community and region; and WHEREAS, Assembly Bill 117 and California Public Utilities Code Sections 218.3, 331.1, 366.2, 381.1, 394 and 394.25, allow the City to establish a Community Choice Aggregation Program; and WHEREAS, an initial technical study concluded that a Community Choice Aggregation Program would serve the City and provide benefits to the community, including the use of renewable energy at or above the required Renewable Portfolio Standard level while providing economic benefits to the City; and WHEREAS, the City Council of the City of Baldwin Park has determined that it is in the public interest and welfare to establish a Community Choice Aggregation Program. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE AND ORDER AS FOLLOWS: SECTION 1. Findings. The City Council of the City of Baldwin Park makes the following findings: (a) The City of Baldwin Park has been actively investigating options to procure and provide electric power to citizens with the intent of achieving greater local involvement over the provision of electric services and promoting competitively priced renewable energy. (b) On September 24, 2002, the Governor signed into law Assembly Bill 117 (Stat. 2002, ch. 838; see California Public Utilities Code section 366.2; herein after referred to as the "Act"), which authorizes any California city or county, whose governing body so elects, to combine the electricity load of its residents and businesses in a community -wide electricity aggregation program known as Community Choice Aggregation. (c) The Act expressly authorizes participation in a Community Choice Aggregation (CCA) program through and by local City government. (d) Through Docket No. R.03-10-003, the California Public Utilities Commission has issued various decisions and rulings addressing the implementation of Community Choice Aggregation programs, including the issuance of a procedure by which the California Public Utilities Commission will review "Implementation Plans", which are required for submittal under the Act as the means of describing the Community Choice Aggregation program and assuring compliance with various elements contained in the Act. (e) Representatives from the City have developed an Implementation Plan (attached hereto as Exhibit A, and hereinafter the "Implementation Plan") that describes the formation of the Baldwin Park Community Choice Aggregation ("PRCCA") Community Choice Aggregation program to be implemented by the City. (f) As described in the Implementation Plan, Community Choice Aggregation by and through the City appears to provide a reasonable opportunity to accomplish all of the following: 1) To provide greater levels of local involvement in and collaboration on energy decisions. 2) To increase the amount of locally supplied renewable energy available to Baldwin Park citizens. 3) To provide initial price stability, long-term electricity cost savings and other benefits for the community. SECTION 2. Approval. Based upon all of the above findings, the City Council hereby approves the Baldwin Park Community Choice Aggregation Program Implementation Plan in the form attached hereto as Exhibit A. SECTION 3. This Resolution shall take effect immediately upon its adoption. The City Clerk shall enter this Resolution into the official book of resolutions. PASSED, APPROVED, AND ADOPTED this 14th day of November, 2018. MANUEL LOZANO MAYOR ATTEST: STATE OF CALIFORNIA COUNTY OF LOS ANGELESSS: CITY OF BALDWIN PARK I, ALEJANDRA AVILA, City Clerk of the City of Baldwin Park do hereby certify that the foregoing Resolution No. 2018-300 was duly adopted by the City Council of the City of Baldwin Park at a regular meeting thereof held on November 14, 2018 and that the same was adopted by the following vote to wit: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ABSTAIN: COUNCIL MEMBERS: ALEJANDA AVILA CITY CLERK Attachment 2 Implementation Plan City of Baldwin Park DRAFT COMMUNITY CHOICE AGGREGATION IMPLEMENTATION PLAN AND STATEMENT OF INTENT October 2018 Baldwin Park CCA Draft Implementation Plan Table of Contents CHAPTER1- Introduction....................................................................................................................................... 3 Statementof Intent.................................................................................................................................................4 Organization of this Implementation Plan.........................................................................................................4 CHAPTER2 - Aggregation Process......................................................................................................................... 6 Introduction............................................................................................................................................................. 6 Processof Aggregation..........................................................................................................................................6 Consequencesof Aggregation..............................................................................................................................7 RateImpacts................................................................................................................................................7 RenewableEnergy Impacts........................................................................................................................8 EnergyEfficiency Impacts..........................................................................................................................8 CHAPTER3 - Organizational Structure.................................................................................................................. 9 OrganizationalOverview......................................................................................................................................9 Governance.............................................................................................................................................................. 9 Management............................................................................................................................................................ 9 Administration......................................................................................................................................................10 Finance...................................................................................................................................................................10 Marketing& Public Affairs.................................................................................................................................10 Power Resources & Energy Programs...............................................................................................................11 ElectricSupply Operations.......................................................................................................................12 GovernmentalAffairs & Legal Support............................................................................................................12 CHAPTER 4 - Startup Plan & Funding.................................................................................................................14 StartupActivities..................................................................................................................................................14 Staffingand Contract Services............................................................................................................................14 CapitalRequirements..........................................................................................................................................15 FinancingPlan......................................................................................................................................................15 CHAPTER5 - Program Phase-In............................................................................................................................16 CHAPTER 6 - Load Forecast & Resource Plan.....................................................................................................17 Introduction...........................................................................................................................................................17 ResourcePlan Overview.....................................................................................................................................18 SupplyRequirements..........................................................................................................................................19 CustomerParticipation Rates.............................................................................................................................20 CustomerForecast................................................................................................................................................20 SalesForecast........................................................................................................................................................21 CapacityRequirements.......................................................................................................................................21 Renewables Portfolio Standards Energy Requirements.................................................................................24 BasicRPS Requirements............................................................................................................................24 Baldwin Park's Renewables Portfolio Standards Requirement..........................................................24 PurchasedPower..................................................................................................................................................25 RenewableResources...........................................................................................................................................25 EnergyEfficiency..................................................................................................................................................25 CHAPTER7 - Financial Plan ................................................................................................................................... 26 i October 2018 Baldwin Park CCA Draft Implementation Plan Description of Cash Flow Analysis....................................................................................................................26 Costof CCA Program Operations.....................................................................................................................26 Revenuesfrom CCA Program Operations.......................................................................................................26 CashFlow Analysis Results................................................................................................................................27 CCA Program Implementation Pro Forma......................................................................................................27 BaldwinPark CCA Financings...........................................................................................................................28 CCA Program Start-up and Working Capital..................................................................................................28 Renewable Resource Project Financing.............................................................................................................29 CHAPTER 8 - Rate Setting, Program Terms and Conditions............................................................................ 30 Introduction........................................................................................................................................................... 30 RatePolicies..........................................................................................................................................................30 RateCompetitiveness..........................................................................................................................................30 RateStability.........................................................................................................................................................31 Equityamong Customer Classes.......................................................................................................................31 CustomerUnderstanding....................................................................................................................................31 RevenueSufficiency.............................................................................................................................................32 RateDesign............................................................................................................................................................32 CustomPricing Options......................................................................................................................................32 NetEnergy Metering...........................................................................................................................................32 Disclosure and Due Process in Setting Rates and Allocating Costs among Participants ..........................32 CHAPTER 9 — Customer Rights and Responsibilities......................................................................................... 34 CustomerNotices.................................................................................................................................................34 TerminationFee....................................................................................................................................................35 CustomerConfidentiality ....................................................................................................................................35 Responsibilityfor Payment.................................................................................................................................36 CustomerDeposits.:.............................................................................................................................................36 CHAPTER10 - Procurement Process..................................................................................................................... 37 Introduction...........................................................................................................................................................37 ProcurementMethods.........................................................................................................................................37 KeyContracts........................................................................................................................................................37 ElectricSupply Contract...........................................................................................................................37 DataManagement Contract.....................................................................................................................38 CHAPTER 11- Contingency Plan for Program Termination............................................................................. 40 Introduction...........................................................................................................................................................40 Terminationby Baldwin Park CCA...................................................................................................................40 CHAPTER12 - Appendices.................................................................................................................................... 41 Appendix A: City of Baldwin Park Resolution No , (Adopting Implementation Plan) ................41 ii October 2018 Baldwin Park CCA Draft Implementation Plan The City of Baldwin Park ("City" or "Baldwin Park"), located within Los Angeles County, is pursuing the implementation of a community choice aggregation program ("CCA"), which has been named Baldwin Park CCA (the "Program" or "Baldwin Park CCA"). Baldwin Park CCA is structured to offer service to all customers within the City's geographic boundaries. This Implementation Plan and Statement of Intent ("Implementation Plan") describes the City's plans to implement a voluntary CCA program for electric customers within the jurisdictional boundaries of Baldwin Park that currently take bundled electric service from Southern California Edison ("SCE"), referred to as the "IOU". The Baldwin Park CCA Program will provide electricity customers the opportunity to join together to procure electricity from competitive suppliers, with such electricity being delivered over the IOU's transmission and distribution system. The planned start date for the Program is May 1, 2020. All current IOU customers within the City's service area will receive information describing the Baldwin Park CCA Program and will have multiple opportunities to opt out, remaining full requirement ("bundled") customers of the IOU, in which case they will not be enrolled or will be returned as customers of the incumbent IOU (if such opt out notification is received following such customer's enrollment in the Baldwin Park CCA). Thus, participation in the Baldwin Park CCA Program is completely voluntary; however, customers, as provided by law, will be automatically enrolled according to the anticipated enrollment schedule later described in Chapter 5 unless they affirmatively elect to opt -out. Implementation of Baldwin Park CCA will enable customers within Baldwin Park's service area to take advantage of the opportunities granted by Assembly Bill 117 ("AB 117"), the Community Choice Aggregation Law. Baldwin Park's primary objectives in implementing this Program are to provide rate savings for electric generation services; promote local economic development, and support long-term rate stability for residents and businesses through local control over generation planning and procurement activities as well as generation rate setting functions. The prospective benefits to consumers include increased renewable service options, stable and competitive electric rates, and the opportunity for public participation in determining which technologies/options are utilized to meet local electricity needs. To ensure successful operation of the program, the City will solicit energy product and service offers from energy suppliers and marketers through a competitive process. Following the receipt of such offers, the City anticipates negotiating with one or more qualified suppliers throughout 2019. Final selection of Baldwin Park CCA's initial energy supplier(s) will be made by Baldwin Park following administration of the aforementioned solicitation process and related contract negotiations. Information regarding the anticipated solicitation process for Baldwin Park CCA's initial energy services provider(s) is contained in Chapter 10. CHAPTER 1- Introduction 3 October 2018 Baldwin Park CCA Draft Implementation Plan The California Public Utilities Code provides the relevant legal authority for the City to become a Community Choice Aggregator and invests the California Public Utilities Commission ("CPUC" or "Commission") with the responsibility for establishing the cost recovery mechanism that must be in place before customers can begin receiving electrical service through the Baldwin Park CCA Program. The CPUC also has responsibility for registering the City as a Community Choice Aggregator and ensuring compliance with basic consumer protection rules. The Public Utilities Code requires that an Implementation Plan be adopted at a duly noticed public hearing and that it be filed with the Commission in order for the Commission to determine the cost recovery mechanism to be paid by customers of the Program in order to prevent shifting of costs to bundled customers of the incumbent utility. On October 17, 2018, the City, at a duly noticed public meeting, adopted this Implementation Plan, through Resolution No (a copy of which is included as part of Appendix A). The Commission has established the methodology that will be used to determine the cost recovery mechanism, and the IOU has approved tariffs for imposition of the cost recovery mechanism. With this milestone having been accomplished, the City submits this Implementation Plan to the CPUC. Following the CPUC's certification of its receipt of this Implementation Plan and resolution of any outstanding issues, the City will take the final steps needed to register as a CCA and participate in the year ahead Resource Adequacy process prior to initiating the customer notification and enrollment process. Statement of Intent The content of this Implementation Plan complies with the statutory requirements of AB 117. As required by Public Utilities Code Section 366.2(c)(3), this Implementation Plan details the process and consequences of aggregation and provides the City's statement of intent for implementing a CCA program that includes all of the following: ➢ Universal access; ➢ Reliability; ➢ Equitable treatment of all customer classes; and ➢ Any requirements established by state law or by the CPUC concerning aggregated service Organization of this Implementation Plan The remainder of this Implementation Plan is organized as follows: Chapter 2: Aggregation Process Chapter 3: Organizational Structure Chapter 4: Startup Plan & Funding Chapter 5: Program Phase -In Chapter 6: Load Forecast & Resource Plan Chapter 7: Financial Plan Chapter 8: Rate setting CHAPTER 1- Introduction 4 October 2018 Baldwin Park CCA Draft Implementation Plan Chapter 9: Customer Rights and Responsibilities Chapter 10: Procurement Process Chapter 11: Contingency Plan for Program Termination Appendix A: City of Baldwin Park Resolution No.(Adopting Implementation Plan) The requirements of AB 117 are cross-referenced to Chapters of this Implementation Plan in the following table. AB 117 Cross References AB 117 REQUIREMENT IMPLEMENTATION PLAN CHAPTER Statement of Intent Chapter 1: Introduction Process and consequences of aggregation Cha ter 2: Aggregation Process Organizational structure of the program, Chapter 3: Organizational Structure its operations and funding Chapter 4: Startup Plan & Funding Chapter 7: Financial Plan Disclosure and due process in setting rates Chapter 8: Rate setting and allocating costs among participants Rate setting and other costs to participants Chapter 8: Rate setting Chapter 9: Customer Rights and Responsibilities Participant rights and responsibilities Chapter 9: Customer Rights and Responsibilities Methods for entering and terminating Chapter 10: Procurement Process agreements with other entities Description of third parties that will be Chapter 10: Procurement Process supplying electricity under the program, including information about financial, technical and operational capabilities Termination of the program Chapter 11: Contingency Plan for Program Termination CHAPTER 1— Introduction 5 October 2018 Baldwin Park CCA Draft Implementation Plan CHAPTER 2 - Aggregation Process Introduction This chapter describes the background leading to the development of this Implementation Plan and describes the process and consequences of aggregation, consistent with the requirements of AB 117. In 2018, Baldwin Park engaged the assistance of the California Choice Energy Authority (CCEA) to evaluate the feasibility of Baldwin Park operating a CCA program. The initial study revealed that a CCA program was viable, offering prospective CCA customers electric generation rates that were expected to be competitive with similar rates charged by the IOU. Amongst other assumptions, the study assumed that the City would become an Associate Member of CCEA, partnering with this organization on key operational matters such as resource planning and procurement, regulatory compliance and monitoring, and data management. The City is creating Baldwin Park CCA with the following objectives: 1) provide cost -competitive electric services; 2) incentivize economic development within Baldwin Park; 3) and gain local control of the City's energy procurement needs and related decisions. The Baldwin Park CCA Program represents a culmination of planning efforts that are responsive to the expressed needs and priorities of the citizenry and business community within Baldwin Park. Through implementation of the Baldwin Park CCA, the City plans to expand energy choices available to eligible customers through the creation of innovative new programs for voluntary purchases of renewable energy and net energy metering to promote customer -sited renewable generation within the City. Process of Aggregation Before they are enrolled in the Program, prospective Baldwin Park CCA customers will receive two written notices in the mail, from the City, that will provide information needed to understand the Program's terms and conditions of service and explain how customers can opt -out of the Program, if desired. All customers that do not follow the opt -out process specified in the customer notices will be automatically enrolled, and service will begin at their next regularly scheduled meter read date following the date of automatic enrollment, subject to the service enrollment plan later described in Chapter 5. The initial enrollment notices will be provided to customers in March 2020, with a second notice being provided in April 2020, prior to the initial enrollment of customer accounts in May 2020. Customers enrolled in the Baldwin Park CCA Program will continue to have their electric meters read and to be billed for electric service by the distribution utility. The electric bill for Program customers will show separate charges for generation procured by the City as well as other charges related to electricity delivery and other utility charges assessed by the IOU. Chapter 2 - Aggregation Process 6 October 2018 Baldwin Park CCA Draft Implementation Plan After service cutover, customers will have approximately 60 days (two billing cycles) to opt -out of the Baldwin Park CCA Program without penalty and return to the distribution utility. Baldwin Park CCA customers will be advised of these opportunities via the distribution of two additional enrollment notices provided within the first two months of service. Customers that opt -out between the initial cutover date and the close of the post enrollment opt -out period will be responsible for program charges for the time they were served by Baldwin Park CCA but will not otherwise be subject to any charges or penalties for leaving the program. Customers that have not opted -out within the 60 -day post enrollment period will be deemed to have elected to become a participant in the Baldwin Park CCA Program and to have agreed to the Baldwin Park CCA Program's terms and conditions, including those pertaining to requests for termination of service, as further described in Chapter 8. Consequences of Aggregation Rate Impacts Baldwin Park CCA Customers will pay the generation charges set by the City and no longer pay the generation charges imposed by the incumbent IOU. Customers enrolled in the Program will be subject to the Program's terms and conditions, including responsibility for payment of all Program charges as described in Chapter 9. The City's rate setting policies described in Chapter 7 establish a goal of providing rates that are competitive with the projected generation rates offered by the incumbent distribution utility (SCE). The City will establish rates sufficient to recover all costs related to operation of the Program, and actual rates will be adopted by the Baldwin Park City Council. Initial Baldwin Park CCA Program rates will be established following approval of the City's inaugural program budget, reflecting final costs from the Baldwin Park CCA Program's energy supplier(s). The City's rate policies and procedures are detailed in Chapter 7. Information regarding final Baldwin Park CCA Program rates (to be offered at service commencement) will be disclosed along with other terms and conditions of service in the pre -enrollment and post - enrollment notices sent to potential customers. Once Baldwin Park gives definitive notice to the IOU that it will commence service, Baldwin Park CCA customers will generally not be responsible for costs associated with the IOU's future electricity procurement contracts or power plant investments. Certain pre-existing generation costs and new generation costs that are deemed to provide system -wide benefits will continue to be charged by the IOU to CCA customers through separate rate components, called the Cost Responsibility Surcharge. Cost Responsibility Surcharges are shown in each of the IOU's respective electric service tariffs, which can be accessed on each IOU's respective website: Cost Responsibility Surcharges are included in charges paid by both CCA and Direct Access customers. ' For CCA and Direct Access customers, the Power Charge Indifference Adjustment element of the Cost Responsibility Surcharge is contained within the SCE CCA -CRS rate tariff. Chapter 2 — Aggregation Process 7 October 2018 Baldwin Park CCA Draft Implementation Plan Renewable Energy Impacts A second consequence of the Program will be a potential increase in the proportion of energy generated and supplied by renewable resources. The resource plan includes procurement of renewable energy sufficient to meet California's prevailing renewable energy procurement mandate for all enrolled customers. The Baldwin Park CCA may also offer a voluntary "clean energy" service option with levels of renewable energy and/or other carbon -free energy that exceed requisite statewide minimums. To the extent that customers voluntarily choose Baldwin Park CCA's clean energy option, the renewable content of Baldwin Park CCA's aggregate supply portfolio may further increase. Initially, requisite renewable energy supply will be sourced through one or more power purchase agreements with attention to California's long-term renewable energy contracting requirement which becomes effective in calendar year 2021 and beyond.' Over time, however, the City may consider independent development of new renewable generation resources. Energy Efficiency Impacts Through operation of the Program, there may also be an increase in energy efficiency program investments and activities, should the City decide to pursue administration of such programs. The existing energy efficiency programs administered by the distribution utility are not expected to change as a result of Baldwin Park CCA Program implementation. Baldwin Park CCA customers will continue to pay the public benefits surcharges to the distribution utility, which will fund energy efficiency programs for all customers, regardless of generation supplier. The energy efficiency investments that may be undertaken by the Baldwin Park CCA Program, as described in Chapter 6, would follow Baldwin Park's successful application for and administration of requisite program funding (from the CPUC) to independently administer energy efficiency programs within its jurisdiction. Such programs would be in addition to the level of investment that would continue in the absence of City -administered energy efficiency programs. Thus, the Baldwin Park CCA Program has the potential for increased energy savings and a further reduction in emissions due to expanded energy efficiency programs, if Program governance determines to move forward with this process. 2 Under California Renewables Portfolio Standard, 65 percent of mandated renewable energy purchases must be sourced from eligible long-term contracts beginning in calendar year 2021. Chapter 2 - Aggregation Process 8 October 2018 Baldwin Park CCA Draft Implementation Plan CHAPTER 3 - Organizational. Structure This section provides an overview of the organizational structure of the City and its proposed implementation of the CCA Program. Specifically, the key agreements, governance, management, and organizational functions of the City are outlined and discussed below. Organizational Overview The Baldwin Park City Council is responsible for establishing Baldwin Park CCA Program policies and objectives as well as overseeing operation of the Baldwin Park CCA. The Baldwin Park City Manager will serve as the Baldwin Park CCA Executive Director to manage operations of the Baldwin Park CCA in accordance with policies adopted by the City Council. Governance The Baldwin Park CCA Program will be governed by the Baldwin Park City Council. Baldwin Park CCA is the CCA entity that will register with the CPUC, and it is responsible for implementing and managing the program pursuant to the City Council's direction. The City Council is comprised of five councilmembers, one of which, the Mayor, serves as the presiding officer at all meetings. The City Council's primary duties are to establish program policies, approve rates and provide policy direction to the Executive Director, who has general responsibility for program operations, consistent with the policies established by the City Council. The City may form various standing and ad hoc committees, as appropriate, which would have responsibility for evaluating various issues that may affect the City and its customers, including rate -related and power contracting issues, and would provide analytical support and recommendations to the City Council in these regards. Management The Baldwin Park CCA Executive Director has management responsibilities over the functional areas of Administration & Finance, Marketing & Public Affairs, Power Resources & Energy Programs, and Government Affairs. In performing the defined obligations to Baldwin Park CCA, the Executive Director may utilize a combination of internal staff, partnerships with other CCA agencies, and/or contractors. In particular, the Baldwin Park CCA anticipates that services provided through its membership with CCEA will comprise a significant component of necessary operational and administrative support during early stage and ongoing Program operation. Certain specialized functions needed for program operations, namely the electric supply and customer account management functions described below, will also be provided through a service arrangement with CCEA or, if necessary, by other experienced third -party contractors. Major functions of Baldwin Park CCA that will be managed by the Executive Director are summarized below. CHAPTER 3 - Organizational Structure 9 October 2018 Baldwin Park CCA Draft Implementation Plan Administration Baldwin Park CCA's Executive Director will be responsible for managing the organization's human resources and administrative functions and will coordinate with the City Council, as necessary, with regard to these functions. The functional area of administration will include oversight of employee hiring and termination, compensation and benefits management, identification and procurement of requisite office space and various other issues. Finance The Executive Director is also responsible for managing the financial affairs of Baldwin Park CCA, including the development of an annual budget, revenue requirement and rates; managing and maintaining cash flow requirements; arranging potential bridge loans as necessary; and other financial tools. Revenues via rates and other funding sources (such as a rate stabilization fund, when necessary) must, at a minimum, meet the annual budgetary revenue requirement, including recovery of all expenses and any reserves or coverage requirements set forth in bond covenants or other agreements. The City will have the flexibility to consider rate adjustments within certain ranges, administer a standardized set of electric rates, and may offer optional rates to encourage policy goals such as economic development or low-income subsidy programs, provided that the overall revenue requirement is achieved. Baldwin Park CCA may also offer customized pricing options such as dynamic pricing or contract -based pricing for energy intensive customers to help these customers gain greater control over their energy costs. This would provide such customers - mostly larger energy users within the commercial sector - with greater rate -related flexibility than is currently available. In conjunction with the City's finance department and CCEA, Baldwin Park CCA's finance function will be responsible for preparing financial reports, ensuring sufficient cash flow for successful operation and arranging financing necessary for any future capital projects of the Baldwin Park CCA Program. The finance function will play an important role in risk management by monitoring the credit of energy suppliers so that credit risk is properly understood and mitigated. In the event that changes in a supplier's financial condition and/or credit rating are identified, the City will be able to take appropriate action, as would be provided for in the electric supply agreement(s). This monitoring will be provided through the services of CCEA. Marketing & Public Affairs The marketing and public affairs functions include general program marketing and communications as well as direct customer interface ranging from management of key account relationships to call center and billing operations. The City will conduct program marketing to raise consumer awareness of the Baldwin Park CCA Program and to establish the Baldwin Park CCA "brand" in the minds of the public, with the goal of retaining and attracting as many customers as possible into the Baldwin Park CCA Program. Communications will also be CHAPTER 3 - Organizational Structure 10 October 2018 Baldwin Park CCA Draft Implementation Plan directed at key policy -makers at the state and local level, community business and opinion leaders, and the media. In addition to general program communications and marketing, a significant focus on customer service, particularly representation for key accounts, will enhance the City's ability to differentiate itself as a highly customer -focused organization that is responsive to the needs of the community. City will also establish a customer call center designed to field customer inquiries and routine interaction with customer accounts. The customer service function also encompasses management of customer data. Customer data management services include retail settlements/billing-related activities and management of a customer database. This function processes customer service requests and administers customer enrollments and departures from the Baldwin Park CCA Program, maintaining a current database of enrolled customers. This function coordinates the issuance of monthly bills through the distribution utility's billing process and tracks customer payments. Activities include the electronic exchange of usage, billing, and payments data with the distribution utility and the City, tracking of customer payments and accounts receivable, issuance of late payment and/or service termination notices (which would return affected customers to bundled service), and administration of customer deposits in accordance with credit policies of the City. The customer data management services function also manages billing -related communications with customers, customer call centers, and routine customer notices. Through its service arrangement with CCEA, the City will be provided such services by an experienced, third -party vendor with an appropriate customer information system to perform requisite customer account management and billing services functions. Power Resources & Energy Programs Baldwin Park must plan for meeting the electricity needs of its customers utilizing resources consistent with its policy goals and objectives as well as applicable legislative and/or regulatory mandates. The City's long-term resource plans (addressing the 10-20 year planning horizon) will comply with California Law and other pertinent requirements of California regulatory bodies. In particular, the City is aware of compulsory Integrated Resource Planning requirements, as identified in Senate Bill 350 (de Leon, 2015), which require, among other concerns, that CCAs periodically submit integrated resource planning documents and related materials to the CPUC. In particular, the Public Utilities Code requires that, "The plan of a community choice aggregator shall be submitted to its governing board for approval and provided to the commission for certification, consistent with paragraph (5) of subdivision (a) of Section 366.2." The City intends to comply with this requirement similar to the manner in which other CCA organizations have recently complied (in mid -2018) and will rely on the experience gained by such organizations, including other CCEA members, in completing pertinent data templates and documentation during future processes. Integrated resource planning efforts of the City will make use of demand side energy efficiency, distributed generation and demand response programs as well as traditional supply options, which rely on structured wholesale transactions to meet customer CHAPTER 3 - Organizational Structure 11 October 2018 Baldwin Park CCA Draft Implementation Plan energy requirements. Integrated resource plans will be updated and adopted by the City Council as required by state law and applicable regulations. The City may also develop and administer complementary energy programs that may be offered to Baldwin Park CCA customers, including green pricing, energy efficiency, net energy metering and various other programs that may be identified to support the overarching goals and objectives of the City. Electric Supply Operations Electric supply operations encompass the activities necessary for wholesale procurement of electricity to serve end use customers. These highly specialized activities include the following: ➢ Electricity Procurement - assemble a portfolio of electricity resources to supply the electric needs of Program customers. ➢ Risk Management - application of standard industry techniques to reduce exposure to the volatility of energy and credit markets and insulate customer rates from sudden changes in wholesale market prices. ➢ Load Forecasting - develop load forecasts, both long-term for resource planning, short-term for the electricity purchases, and sales needed to maintain a balance between hourly resources and loads. ➢ Scheduling Coordination - scheduling and settling electric supply transactions with the California Independent System Operator ("CAISO"). The City will contract with one or more experienced and financially sound third -party energy services providers to perform the electric supply operations for the Baldwin Park CCA Program. These requirements include the procurement of energy, capacity and ancillary services, scheduling coordinator services, short-term load forecasting and day -ahead and real-time electricity trading. Governmental Affairs & Legal Support The Baldwin Park CCA Program will require ongoing regulatory and legislative representation to manage various regulatory compliance filings related to resource plans, resource adequacy, compliance with California's Renewables Portfolio Standard ("RPS"), and overall representation on issues that will impact the City and Baldwin Park CCA customers. Through its service arrangement with CCEA and other independently administered efforts, the City will maintain an active role at the CPUC, the California Energy Commission, the California Independent System Operator, the California legislature and, as necessary, the Federal Energy Regulatory Commission through its partnership with CCEA. The City intends to utilize legal services provided through its service arrangement with CCEA but may also retain outside legal services, as necessary, to administer the Baldwin Park CCA, CHAPTER 3 - Organizational Structure 12 October 2018 Baldwin Park CCA Draft Implementation Plan review contracts, and provide overall legal support related to activities of the Baldwin Park CCA Program. CHAPTER 3 - Organizational Structure 13 October 2018 Baldwin Park CCA Draft Implementation Plan This Chapter presents the City's plans for the start-up period, including necessary expenses and capital outlays. As described in the previous Chapter, Baldwin Park may utilize a mix of internal staff, partnerships with other CCA agencies, and contractors in its CCA Program implementation and operation. Startup Activities The initial program startup activities include the following: ➢ Hire staff and/or contractors to manage implementation ➢ Identify qualified suppliers (of requisite energy products and related services) and negotiate supplier contracts • Electric supplier and scheduling coordinator • Data management provider (if separate from energy supply) ➢ Define and execute communications plan • Customer research/information gathering • Media campaign • Key customer/stakeholder outreach • Informational materials and customer notices • Customer call center ➢ Post CCA bond and complete requisite registration requirements ➢ Establish reserves required by energy suppliers ➢ Pay utility service initiation, notification and switching fees ➢ Perform customer notification, opt -out and transfers ➢ Conduct load forecasting ➢ Establish rates ➢ Legal and regulatory support ➢ Financial management and reporting Other costs related to starting up the Baldwin Park CCA Program will be the responsibility of the Baldwin Park CCA Program's contractors (and are assumed to be covered by any fees/charges imposed by such contractors or CCEA). These may include additional capital requirements needed for collateral/credit support for electric supply expenses, customer information system costs, electronic data exchange system costs, call center costs, and billing administration/settlements systems costs. Staffing and Contract Services Personnel in the form of City staff, partnerships, or contractors will be added incrementally to match workloads involved in forming Baldwin Park CCA, managing contracts, and initiating customer outreach/marketing during the pre -operations period. It is anticipated that the Baldwin Park CCA's staffing needs will be substantially met through its service arrangement with CCEA, CHAPTER 4 - Startup Plan & Funding 14 October 2018 Baldwin Park CCA Draft Implementation Plan but other, incremental staffing needs may be identified over time. During the startup period and early stage operations, minimal personnel requirements may include an Executive Director and, if necessary, administrative support with the balance of requisite functions provided or performed by CCEA. For budgetary purposes, it is assumed that one full-time equivalent (staff or contracted professional services) supporting the above listed activities would be engaged during the initial start-up period. This support may likely be provided by existing city staff or new staff with other functions performed by CCEA. Following this period, additional staff and/or contractors may be retained, as needed, to support the rollout of additional value-added services (e.g., efficiency projects) and local generation projects and programs. Capital Requirements The Start-up of the CCA Program will require capital for two major functions: (1) staffing and contractor costs; and (2) deposits and reserves. Based on the City's anticipated start-up activities and implementation schedule, a total need of up to $351,000 has been identified to support the aforementioned functions. Out of the $351 thousand in capital requirements, $201 thousand is related to the implementation/startup efforts (i.e., rate setting, power procurement and contract negotiations, marketing and communications, regulatory compliance, etc.) in order to serve customers by May 2020. The other $150 thousand included in the aforementioned sum reflects the required CCA bond. Baldwin Park may elect to incur additional costs related to discretionary activities such as additional community outreach and marketing. The finance plan in Chapter 7 provides additional detail regarding the City's expected capital requirements and general Program finances. Operating revenues from sales of electricity will be remitted to the City beginning approximately sixty days after the initial customer enrollments. This lag is due to the distribution utility's standard meter reading cycle of 30 days and a 30 -day payment/collections cycle. CCEA endeavors to negotiate energy supply contracts which specify payment due dates that closely align with expected CCA revenue collection timelines. This results in a reduction to the CCA's initial funding requirement as working capital needs are substantively reduced. Financing Plan The Program's initial capital requirement will be provided via a term loan from the City's General Fund, or other eligible sources; subsumed in the initial capital requirement is the City's estimated start-up funding. For all amounts borrowed, the City will make repayments (including any interest, as applicable) over an assumed 5 -year term, commencing in 2022. The City will recover the principal and interest costs associated with this start-up funding via retail generation rates charged to Baldwin Park CCA customers and collected by the CCA. It is anticipated that the start-up costs will be fully recovered through such customer generation rates within the first five years of operations. CHAPTER 4 - Startup Plan & Funding 15 October 2018 Baldwin Park CCA Draft Implementation Plan CHAPTER 5 - Program Phase -In I There are approximately 20,000 electric customers in Baldwin Park. Baldwin Park will roll out its service offering to all eligible customers, excluding non-residential Direct Access customers, over the course of a single phase. Non-residential Direct Access customers will not be offered service during the mass enrollment phase. In the future, however, these customers may be offered service and could be enrolled following coordination with pertinent account representatives regarding potential impacts to Direct Access service arrangements. The City may also evaluate other phase-in options based on prevailing market conditions observed prior to service commencement, statutory requirements and regulatory considerations as well as other factors potentially affecting the integration of additional customer accounts. CHAPTER 5 - Program Phase -In 16 October 2018 Baldwin Park CCA Draft Implementation Plan CHAPTER 6 - Load Forecast & Resource Plan Introduction This Chapter describes the planned mix of electric resources that will meet the energy demands of Baldwin Park CCA customers using a diversified portfolio of electricity supplies. Several overarching policies govern the resource plan and the ensuing resource procurement activities that will be conducted in accordance with the plan. Certain key policies are as follows: • The City will manage a diverse resource portfolio to increase control over energy costs and maintain competitive and stable electric rates. • The City will benefit the area's economy through investment in local infrastructure, projects and energy programs, subject to customer rate impacts. • The City will comply with Resource Adequacy procurement requirements as established by CPUC Resolution E-4907. • The City will comply with applicable renewable energy procurement mandates, as recently increased under Senate Bill 100 ("SB 100"; de Leon, 2018). • The City will periodically prepare and submit (for certification by the CPUC) an Integrated Resource Plan, as required by SB 350, which shall demonstrate conformance with prescribed portfolio emissions limitations supporting California's broader greenhouse gas emissions reduction goals. The plan described in this section would accomplish the following: ➢ Procure energy through one or more contracts with experienced, financially stable energy suppliers in sufficient quantities to support the potential offering of multiple retail service options, which may include: 1) a default retail generation service option for customers of the Baldwin Park CCA, which would incorporate a minimum quantity of renewable energy sufficient to satisfy applicable procurement mandates specified in California's Renewables Portfolio Standard Program; and 2) a voluntary retail generation service option with increased levels of renewable and/or other carbon -free energy (relative to the aforementioned default service option) which would be made available to any participating in the Baldwin Park CCA program in consideration of an assumed cost - based rate premium. With regard to the voluntary retail generation service option (with increased levels of renewable and/or carbon -free energy), the timing, supply portfolio composition, rate premium and other considerations related to such option will be determined at the discretion of Baldwin Park CCA's Governing Board at a yet to be determined public meeting. To the extent that the City is successful in applying for administration of public funding to support locally administered efficiency programs, it will attempt to reduce net electricity purchases within the region. CHAPTER 6 - Load Forecast & Resource Plan 17 October 2018 Baldwin Park CCA Draft Implementation Plan ➢ Encourage distributed renewable generation in the local area through the offering of a net energy metering tariff. ➢ Ensure compliance with participation in the Year -Ahead Resource Adequacy process. The City will comply with regulatory rules applicable to California load serving entities. The City will arrange for the scheduling of sufficient electric supplies to meet the demands of its customers. Baldwin Park will adhere to capacity reserve requirements established by the CPUC and the CAISO designed to address uncertainty in load forecasts and potential supply disruptions caused by generator outages and/or transmission contingencies. These rules also ensure that physical generation capacity is in place to serve the City's customers, even if there were a need for the Baldwin Park CCA Program to cease operations and return customers to SCE. In addition, the City will be responsible for ensuring that its resource mix contains sufficient production from renewable energy resources needed to comply with the statewide RPS mandate (33 percent renewable energy by 2020, increasing to 60 percent by 2030). The resource plan will meet or exceed all of the applicable regulatory requirements related to resource adequacy and the RPS. In relation to its RPS procurement obligation, the City is aware that SB 100 was signed into law by Governor Brown on September 10, 2018, and has an effective date of January 1, 2019. One of SB 100's key requirements is to increase California's RPS procurement mandate to 44 percent by December 31, 2024, 52 percent by December 31, 2027, and 60 percent by December 31, 2030. As a local governmental agency, the City's resource planning and procurement activities are subject to and overseen by its Governing Council through an open and public process. In light of the fact that SB 100 was only recently signed and is not yet effective, the City has not had an opportunity to fully discuss updated planning recommendations with its Governing Council but will do so during the period of time preceding implementation of its CCA Program. Resource Plan Overview To meet the aforementioned objectives and satisfy the applicable regulatory requirements pertaining to the City's status as a California load serving entity, Baldwin Park's resource plan will include a diverse mix of power purchases, renewable energy, and potentially, new energy efficiency programs, demand response, and distributed generation. A diversified resource plan minimizes risk and volatility that can occur from over -reliance on a single resource type or fuel source, and thus increases the likelihood of rate stability. The planned power supply is initially comprised of power purchases from third party electric suppliers and, in the longer-term, may include renewable generation assets owned and/or controlled by the City. Once the Baldwin Park CCA Program demonstrates it can operate successfully, Baldwin Park may begin evaluating opportunities for investment in renewable generating assets, subject to then -current market conditions, statutory requirements and regulatory considerations. Any renewable generation owned by the City or controlled under long-term power purchase agreement with a proven public power developer, could provide a portion of Baldwin Park's electricity requirements on a cost -of -service basis. Depending upon market conditions and, CHAPTER 6 - Load Forecast & Resource Plan 18 October 2018 Baldwin Park CCA Draft Implementation Plan importantly, the applicability of tax incentives for renewable energy development, electricity purchased under a cost -of -service arrangement can be more cost-effective than purchasing renewable energy from third party developers, which will allow the Baldwin Park CCA Program to pass on savings to its customers through competitive generation rates. Any investment decisions will be made following thorough environmental reviews and in consultation with qualified financial and legal advisors. As an alternative to direct investment, Baldwin Park may consider partnering with an experienced public power developer and could enter into a long-term (10 years or longer) power purchase agreement that would support the development of new renewable generating capacity. Such an arrangement could be structured to reduce the Baldwin Park CCA Program's operational risk associated with capacity ownership while providing its customers with all renewable energy generated by the facility under contract. Baldwin Park's indicative resource plan for the years 2020 through 2029 is summarized in the following table. Note that Baldwin Park CCA's projections reflect a portfolio mix of renewable energy compliant with the annual RPS requirement and all other supply coming in the form of conventional resources or CAISO system power.3 Energy Open Position (GWh) Supply Requirements The starting point for Baldwin Park's resource plan is a projection of participating customers and associated electric consumption. Projected electric consumption is evaluated on an hourly basis, and matched with resources best suited to serving the aggregate of hourly demands or the program's "load profile". The electric sales forecast and load profile will be affected by Baldwin Park's plan to introduce the Baldwin Park CCA Program to its SCE territory customers in one 3 As of the date of this Implementation Plan, implementing regulations for SB 100 have yet to be issued. With this in mind, the City has applied known RPS procurement targets, as reflected in SB 100, for calendar years 2024, 2027 and 2030. In the intervening years, the City has assumed a general straight-line trajectory between each of the aforementioned years (which are associated with the final years of Compliance Period 4, 5 and 6, respectively). CHAPTER 6 - Load Forecast & Resource Plan 19 October 2018 City of Baldwin Park Proposed Resource Plan (GWH) 2020 to 2029 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Baldwin Park Demand (GWh) Retail Demand (158) (241) (242) (243) (244) (245) (247) (248) (249) (250) Losses and UFE (8) (13) (13) (13) (13) (13) (13) (13) (13) (13) Total Demand (167) (253) (255) (256) (257) (258) (260) (261) (262) (264) Baldwin Park Supply (GWh) Renewable Resources Total Renewable Resources 52 87 94 100 107 115 123 129 137 143 Conventional Resources Total Conventional Resources 115 167 160 156 150 143 136 132 125 121 Total Supply 167 253 255 256 257 258 260 261 262 264 Energy Open Position (GWh) Supply Requirements The starting point for Baldwin Park's resource plan is a projection of participating customers and associated electric consumption. Projected electric consumption is evaluated on an hourly basis, and matched with resources best suited to serving the aggregate of hourly demands or the program's "load profile". The electric sales forecast and load profile will be affected by Baldwin Park's plan to introduce the Baldwin Park CCA Program to its SCE territory customers in one 3 As of the date of this Implementation Plan, implementing regulations for SB 100 have yet to be issued. With this in mind, the City has applied known RPS procurement targets, as reflected in SB 100, for calendar years 2024, 2027 and 2030. In the intervening years, the City has assumed a general straight-line trajectory between each of the aforementioned years (which are associated with the final years of Compliance Period 4, 5 and 6, respectively). CHAPTER 6 - Load Forecast & Resource Plan 19 October 2018 Baldwin Park CCA Draft Implementation Plan single phase and the degree to which customers choose to remain with the IOU during the customer enrollment and opt -out period. The City's rollout plan and assumptions regarding customer participation rates are discussed below. Customer Participation Rates Customers will be automatically enrolled in the Baldwin Park CCA Program unless they opt -out during the customer notification process conducted during the 60 -day period prior to enrollment and continuing through the 60 -day period following commencement of service. The City anticipates an overall customer participation rate of approximately 90 percent of eligible SCE bundled service customers, based on reported opt -out rates for the other operating CCA programs. It is assumed that customers taking direct access service from a competitive electricity provider will continue to remain with their current supplier. The participation rate is not expected to vary significantly among customer classes, in part because the City is expecting to offer two distinct rate tariffs that will address the needs of cost - sensitive customers as well as the needs of both residential and business customers that prefer an alternative service option with comparatively higher levels of clean energy (renewable energy and non -RPS -eligible hydroelectricity). The assumed participation rates will be refined as Baldwin Park's public outreach and market research efforts continue to develop. Customer Forecast Once customers enroll during May 2020, they will be switched over to service by the City on their regularly scheduled meter read date over an approximately thirty-one day period. Approximately 640 service accounts per day will be switched over during the first month of service. The number of accounts anticipated to be served by Baldwin Park at the end of the May 2020 customer phase-in period is shown in the table below. City of Baldwin Park Enrolled Retail Service Accounts Phase -In Period (End of Month) May -20 Baldwin Park Customers Residential 17,421 Commercial 2,319 Industrial <15 Street Lighting & Traffic 160 Agricultural & Pumping <15 Total 19,900 The City assumes that customer growth will generally offset customer attrition (opt -outs) over time, resulting in a relatively stable customer base (0.5% annual growth) over the noted planning CHAPTER 6 - Load Forecast & Resource Plan 20 October 2018 Baldwin Park CCA Draft Implementation Plan horizon. While the successful operating track record of California CCA programs continues to grow, there is a relatively short history with regard to CCA operations, which makes it difficult to anticipate the actual levels of customer participation within the Baldwin Park CCA Program. The City believes that its assumptions regarding the offsetting effects of growth and attrition are reasonable in consideration of the historical customer growth within the City and the potential for continuing customer opt -outs following mandatory customer notification periods. The forecast of service accounts (customers) served by Baldwin Park during the initial 10 years of Program operation is shown in the following table: City of Baldwin Park Retail Service Accounts (End of Year) 2020 to 2029 Sales Forecast The City's forecast of kWh sales reflects the rollout and customer enrollment schedule shown above. Annual energy requirements are shown below. City of Baldwin Park Energy Requirements (GWH) 2020 to 2029 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Baldwin Park Energy Requirements (GWh) Retail Demand 158 241 242 243 244 245 247 248 .249 250 Losses and UFE 8 13 13 13 13 13 13 13 13 13 Total Load Requirement 167 253 255 256 257 258 260 261 262 264 Capacity Requirements The CPUC's resource adequacy standards applicable to the Baldwin Park CCA Program require a demonstration one year in advance that the City has secured physical capacity for 90 percent of its projected peak loads for each of the five months May through September, plus a minimum 15 percent reserve margin. Additionally, the City must demonstrate one year in advance that it has secured physical capacity for 100 percent of its local resource adequacy obligation across all months in the upcoming compliance year. On a month -ahead basis, Baldwin Park must demonstrate 100 percent of the peak load plus a minimum 15 percent reserve margin. Per CPUC Resolution E-4907, the City must participate in the year -ahead resource adequacy compliance cycle in order to serve customers in the following calendar year. The City will follow the prescribed year -ahead resource adequacy compliance timeline outlined within Appendix A of Resolution E-4907; this includes: • Submission of year -ahead load forecast to the CEC and CPUC in April 2019; • Submission of updated year -ahead load forecast to the CEC and CPUC in August 2019; CHAPTER 6 - Load Forecast & Resource Plan 21 October 2018 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Baldwin Park Customers Residential 17,421 17,508 17,596 17,684 17,772 17,861 17,950 18,040 18,130 18,221 Commercial 2,319 2,331 2,342 2,354 2,366 2,378 2,389 2,401 2,413 2,425 Industrial <15 <15 <15 <15 <15 <15 <15 <15 <15 <15 Street Lighting & Traffic 160 161 162 162 163 164 165 166 167 167 Agricultural & Pumping <15 <15 <15 45 <15 <15 <15 <15 <15 <15 Total (excluding Industrial) 19,900 20,000 20,099 20,200 20,301 20A02 20,505 20,607 20,710 20,814 Sales Forecast The City's forecast of kWh sales reflects the rollout and customer enrollment schedule shown above. Annual energy requirements are shown below. City of Baldwin Park Energy Requirements (GWH) 2020 to 2029 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Baldwin Park Energy Requirements (GWh) Retail Demand 158 241 242 243 244 245 247 248 .249 250 Losses and UFE 8 13 13 13 13 13 13 13 13 13 Total Load Requirement 167 253 255 256 257 258 260 261 262 264 Capacity Requirements The CPUC's resource adequacy standards applicable to the Baldwin Park CCA Program require a demonstration one year in advance that the City has secured physical capacity for 90 percent of its projected peak loads for each of the five months May through September, plus a minimum 15 percent reserve margin. Additionally, the City must demonstrate one year in advance that it has secured physical capacity for 100 percent of its local resource adequacy obligation across all months in the upcoming compliance year. On a month -ahead basis, Baldwin Park must demonstrate 100 percent of the peak load plus a minimum 15 percent reserve margin. Per CPUC Resolution E-4907, the City must participate in the year -ahead resource adequacy compliance cycle in order to serve customers in the following calendar year. The City will follow the prescribed year -ahead resource adequacy compliance timeline outlined within Appendix A of Resolution E-4907; this includes: • Submission of year -ahead load forecast to the CEC and CPUC in April 2019; • Submission of updated year -ahead load forecast to the CEC and CPUC in August 2019; CHAPTER 6 - Load Forecast & Resource Plan 21 October 2018 Baldwin Park CCA Draft Implementation Plan • Submission of year -ahead compliance materials in October 2019; and • Submission of month -ahead load migration forecast by February 2020. A portion of the City's capacity requirements must be procured locally, from the LA Basin and Big CreekNentura areas as defined by the CAISO. The City would be required to demonstrate its local capacity requirement for each month of the following calendar year. The local capacity requirement is a percentage of the total local capacity requirements adopted by the CPUC based on Baldwin Park's forecasted peak load. Baldwin Park must demonstrate compliance or request a waiver from the CPUC requirement as provided for in cases where local capacity is not available. The City is also required to demonstrate that a specified portion of its capacity meets, certain operational flexibility requirements under the CPUC and CAISO's flexible resource adequacy framework. Per the CPUC's resource adequacy standards, the City must demonstrate one year in advance that it has secured 90 percent of its flexible capacity obligation across all months; and then a month -ahead obligation to secure 100 percent of the City's flexible requirements. The estimated forward resource adequacy requirements for 2020 through 2022 are shown in the following tables4: City of Baldwin Park Forward Capacity and Reserve Requirements (MW) 2020 to 2022 Month 2020 2021 2022 January - 48 48 February - 50 50 March - 44 45 April - 47 47 May 50 50 51 June 59 59 59 July 70 70 71 August 71 71 72 September 74 74 74 October 59 59 60 November 50 50 50 December 46 46 47 4 The figures shown in the table are estimates. Baldwin Park's resource adequacy requirements will be subject to modification due to application of certain coincidence adjustments and resource allocations relating to utility demand response and energy efficiency programs, as well as generation capacity allocated through the Cost Allocation Mechanism. These adjustments are addressed through the CPUC's resource adequacy compliance process. CHAPTER 6 - Load Forecast & Resource Plan 22 October 2018 Baldwin Park CCA Draft Implementation Plan Baldwin Park's plan ensures that sufficient reserves will be procured to meet its peak load at all times. The projected Baldwin Park CCA annual capacity requirements are shown in the following table: Local capacity requirements are a function of the SCE area resource adequacy requirements and Baldwin Park's projected peak demand. The City will need to work with the CPUC's Energy Division and staff at the California Energy Commission to obtain the data necessary to calculate its monthly local capacity requirement. A preliminary estimate of the City's annual local capacity requirement for the ten-year planning period remains constant at 10 MW as shown in the following table: City of Baldwin Park Local Capacity Requirements (MW) 2020 to 2029 2020 2021 City of Baldwin Park 2023 202A 2028 2026 2027 2026 2029 Baldwin Park Peak (MM 64 Capacity Requirements 64 65 65 65 66 66 66 67 Local Capacity Requirement (% of Peak) (MW) 15% 15% 15% 15% 15% 15% 15% 15% 15% 2020 to 2029 24% 24% 24% 24% 24% 24% 24% 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Demand (MW) 76% 76% 76% 76% Baldwin Park Local Capacity Requirement Big Creek / Ventura (MW) 2 2 2 2 Retail Demand 61 61 61 62 62 62 62 63 63 63 Losses and UFE 3 3 3 3 3 3 3 3 3 3 Total Net Peak Demand 64 64 64 65 65 65 66 66 66 67 Reserve Requirement (%) 151/6 15% 15% 15% 15% 15% 15% 15% 15% 15% Capacity Reserve Requirement 10 10 10 10 10 10 10 10 30 30 Capacity Requirement including Reserve 74 74 74 75 75 75 76 76 76 77 Local capacity requirements are a function of the SCE area resource adequacy requirements and Baldwin Park's projected peak demand. The City will need to work with the CPUC's Energy Division and staff at the California Energy Commission to obtain the data necessary to calculate its monthly local capacity requirement. A preliminary estimate of the City's annual local capacity requirement for the ten-year planning period remains constant at 10 MW as shown in the following table: City of Baldwin Park Local Capacity Requirements (MW) 2020 to 2029 The CPUC assigns local capacity requirements during the year prior to the compliance period; thereafter, the CPUC provides local capacity requirement true -ups for the second half of each compliance year. The City will coordinate with SCE and appropriate state agencies to manage the transition of responsibility for resource adequacy from SCE to Baldwin Park during CCA program phase-in. For system resource adequacy requirements, the City will make month -ahead showings for each month that the City plans to serve load, and load migration issues would be addressed through the CPUC's approved procedures. Baldwin Park will work with the California Energy Commission and CPUC prior to commencing service to customers to ensure it meets its local and system resource adequacy obligations through its agreement(s) with its chosen electric supplier(s). CHAPTER 6 - Load Forecast & Resource Plan 23 October 2018 2020 2021 2022 2023 202A 2028 2026 2027 2026 2029 Baldwin Park Peak (MM 64 64 64 65 65 65 66 66 66 67 Local Capacity Requirement (% of Peak) 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% Big Creek / Ventura Area Share of Local Capacity Requirment (%) 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% LA Basin Area Share of local Capacity Requimunt (%) 76% 76% 76% 76% 76% 76% 76% 76% 76% 76% Baldwin Park Local Capacity Requirement Big Creek / Ventura (MW) 2 2 2 2 2 2 2 2 2 2 Baldwin Park Local Capacity Requirement LA Basin (MW) 7 7 7 7 7 7 7 8 8 8 Baldwin Park Local Capacity Requirement. Total (MW) 10 10 10 10 10 10 10 10 10 10 The CPUC assigns local capacity requirements during the year prior to the compliance period; thereafter, the CPUC provides local capacity requirement true -ups for the second half of each compliance year. The City will coordinate with SCE and appropriate state agencies to manage the transition of responsibility for resource adequacy from SCE to Baldwin Park during CCA program phase-in. For system resource adequacy requirements, the City will make month -ahead showings for each month that the City plans to serve load, and load migration issues would be addressed through the CPUC's approved procedures. Baldwin Park will work with the California Energy Commission and CPUC prior to commencing service to customers to ensure it meets its local and system resource adequacy obligations through its agreement(s) with its chosen electric supplier(s). CHAPTER 6 - Load Forecast & Resource Plan 23 October 2018 Baldwin Park CCA Draft Implementation Plan Renewables Portfolio Standards Energy Requirements Basic RPS Requirements As a CCA, the City will be required by law and ensuing CPUC regulations to procure a certain minimum percentage of its retail electricity sales from qualified renewable energy resources. For purposes of determining Baldwin Park's renewable energy requirements, similar standards for RPS compliance that are applicable to the distribution utility will also apply to the Baldwin Park CCA. California's RPS program is currently undergoing reform. On September 10, 2018, Governor Brown signed SB 100, which increases California's RPS procurement target to 60 percent by 2030 amongst other clean -energy initiatives. Implementing regulations for SB 100 have yet to be developed. However, it is reasonable to assume that interim annual renewable energy procurement targets (in addition to the threshold renewable energy procurement requirements for calendar years 2024, 2027 and 2030 that are already established in the legislation) will be imposed on CCAs and other retail electricity sellers to facilitate progress towards the 60 percent procurement mandate. For planning purposes, the City has assumed general straight-line (with the exception of calendar year 2026, which was assigned a 50% renewable procurement mandate, consistent with SB 100) annual increases to the RPS procurement target beginning in 2021, as the state advances on the 60 percent RPS. Furthermore, the City will ensure that all long-term renewable energy contracting requirements, as imposed by SB 350, will be satisfied through appropriate transactions with qualified suppliers and will also reflect this intent in ongoing resource planning and procurement efforts. Baldwin Park's Renewables Portfolio Standards Requirement The City's annual RPS procurement requirements, as specified under California's RPS program, are shown in the table below. Retail Sales Annual Procurement Target % of Current Year Retail Sales" City of Baldwin Park BPS Requirements (MWH) 2020 to 2029 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 158,433 240,587 241,790 242,999 244,214 245,435 246,662 247,895 249,135 250,380 52,283 86,611 94,298 99,629 107,454 115,354 123,331 128,906 137,024 142,717 33% 36% 39% 41% 44% 47% 50% 52% 55% 57% *Note: Certain details related to SB 100 implementation have yet to be identified. For purposes of this table, the City assumed a general straight-line increase from California's 33 percent RPS procurement mandate in 2020 to California's new, 60 percent RPS procurement mandate in 2030. The only exception is calendar year 2026, which reflects a 50 percent renewable energy procurement mandate, consistent with SB 100. CHAPTER 6 - Load Forecast & Resource Plan 24 October 2018 Baldwin Park CCA Draft Implementation Plan Purchased Power Power purchased from power marketers, public agencies, generators, and/or utilities will be a significant source of supply during the first several years of Baldwin Park CCA Program operation. Baldwin Park will initially contract to obtain all its electricity from one or more third party electric providers under one or more power supply agreements, and the supplier(s) will be responsible for procuring the specified resource mix, including the City's desired quantities of renewable energy, to provide a stable and cost-effective resource portfolio for the Baldwin Park CCA Program. Renewable Resources The City will initially secure necessary renewable power supply from its third -party electric supplier(s). Baldwin Park may supplement the renewable energy provided under the initial power supply contract(s) with direct purchases of renewable energy from renewable energy facilities or from renewable generation developed and owned by the City. At this point in time, it is not possible to predict what projects might be proposed in response to future renewable energy solicitations administered by Baldwin Park, unsolicited proposals or discussions with other agencies. Renewable projects that are located virtually anywhere in the Western Interconnection can be considered as long as the electricity is deliverable to the CAISO control area, as required to meet the Commission's RPS rules and any additional guidelines ultimately adopted by the City. The costs of transmission access and the risk of transmission congestion costs would need to be considered in the bid evaluation process if the delivery point is outside of the City's load zone, as defined by the CAISO. As part of the Program's renewable contracting process, it will remain attentive to the applicable long-term contracting requirements expressed in SB 350 (which equate to 65 percent of applicable renewable energy procurement requirements). Energy Efficiency Baldwin Park CCA's energy efficiency goals will reflect a commitment to increasing energy efficiency within the City, expanding beyond the savings achieved by SCE's programs. To promote the achievement of this goal, Baldwin Park CCA may complete the CPUC application process for third -party administration of energy efficiency programs and use of funds collected through the existing public benefits surcharges paid by Baldwin Park CCA customers. To the extent that Baldwin Park CCA is successful in this future application process, receiving funding to administer additional energy efficiency programs within the region, it will seek to maximize end-use customer energy efficiency by facilitating customer participation in existing utility programs as well as by forming new programs that will displace Baldwin Park CCA's need for traditional electric procurement activities. Additional details related to Baldwin Park CCA's energy efficiency plan will be developed once Baldwin Park CCA Program phase-in is complete. With regard to Baldwin Park CCA's anticipated energy efficiency savings, a reasonable baseline assumption for efficiency savings related to the demand-side portion of the Baldwin Park CCA resource plan is steady growth towards 0.5 percent of Baldwin Park CCA's projected energy sales by 2029. These savings would be in addition to the savings achieved by SCE administered programs. CHAPTER 6 - Load Forecast & Resource Plan 25 October 2018 Baldwin Park CCA Draft Implementation Plan This Chapter examines the monthly cash flows expected during the startup and customer phase- in period of the Baldwin Park CCA Program and identifies the anticipated financing requirements. It includes estimates of program startup costs, including necessary expenses and capital outlays. It also describes the requirements for working capital and long-term financing for the potential investment in renewable generation, consistent with the resource plan contained in Chapter 6. Description of Cash Flow Analysis The City's cash flow analysis estimates the level of capital that will be required during the startup and phase-in period. The analysis focuses on the Baldwin Park CCA Program's monthly costs and revenues and specifically accounts for the phased enrollment of Baldwin Park CCA Program customers described in Chapter 5. Cost of CCA Program Operations The first category of the cash flow analysis is the Cost of CCA Program Operations. To estimate the overall costs associated with CCA Program Operations, the following components were taken into consideration: Electricity Procurement; ➢ Ancillary Service Requirements; ➢ Exit Fees; ➢ Staffing and Professional Services; ➢ Data Management Costs; ➢ Administrative Overhead; ➢ Billing Costs; ➢ Scheduling Coordination; ➢ Grid Management and other CAISO Charges; ➢ CCA Bond and Security Deposit; ➢ Pre -Startup Cost Reimbursement, and ➢ Debt Service. Revenues from CCA Program Operations The cash flow analysis also provides estimates for revenues generated from CCA operations or from electricity sales to customers. In determining the level of revenues, the analysis assumes the customer phase-in schedule described herein, and assumes that Baldwin Park charges a standard, default electricity tariff similar to the generation rates of SCE for each customer class and may offer an optional clean energy tariff (with a clean energy content, consisting of renewable energy CHAPTER 7 - Financial Plan 26 October 2018 Baldwin Park CCA Draft Implementation Plan and other carbon -free sources, that exceeds the Baldwin Park CCA default retail option) at a premium reflective of incremental clean energy costs. More detail on Baldwin Park CCA Program rates can be found in Chapter 8. Cash Flow Analysis Results The results of the cash flow analysis provide an estimate of the level of capital required for the City to move through the CCA startup and phase-in periods. This estimated level of capital is determined by examining the monthly cumulative net cash flows (revenues from CCA operations minus cost of CCA operations) based on assumptions for payment of costs or other cash requirements (e.g., deposits) by Baldwin Park, along with estimates for when customer payments will be received. This identifies, on a monthly basis, what level of cash flow is available in terms of a surplus or deficit. The cash flow analysis identifies funding requirements in recognition of the potential lag between revenues received and payments made during the phase-in period. The estimated financing requirements for the startup and phase-in period, including working capital needs associated with the customer enrollments, was determined to be $351 thousand. This amount includes costs that are related to the implementation/startup efforts (i.e., rate setting, power procurement and contract negotiations, marketing and communications, regulatory compliance, CPUC bond, SCE security deposit, etc.) in order to serve customers by May 2020. CCA Program Implementation Pro Forma In addition to developing a cash flow analysis that estimates the level of working capital required to move Baldwin Park through full CCA phase-in, a summary pro forma analysis that evaluates the financial performance of the CCA program during the phase-in period is shown below. The difference between the cash flow analysis and the CCA pro forma analysis is that the pro forma analysis does not include a lag associated with payment streams. In essence, costs and revenues are reflected in the month in which service is provided. All other items, such as costs associated with CCA Program operations and rates charged to customers remain the same. Cash provided by financing activities are not shown in the pro forma analysis, although payments for debt service are included as a cost item. The results of the pro forma analysis are shown in the following tables. In particular, the summary of CCA program startup and phase-in addresses projected Baldwin Park CCA Program operations for the period beginning April 20195 through June 20296. The City has also included a summary of Program reserves, which are expected to accrue over this same period. 5 The results of the pro forma analysis are broken out by Baldwin Park's fiscal year, which spans July to June; therefore, the financial results for FYE 2019 are only inclusive of April through June 2019); all other fiscal years span a twelve month period. 6 Costs projected for staffing & professional services and other administrative & general relate to energy procurement, administration of energy efficiency and other local programs, generation development, customer service, marketing, accounting, finance, legal and regulatory activities necessary for program operation. CHAPTER 7 - Financial Plan 27 October 2018 Baldwin Park CCA Draft Implementation Plan City of Baldwin Pads Summary of CCA Program Startup and Phase -In U* 1020 thmwBh June 2029) CATEGORY 2820 nn nu 7825 7806 AV 207! 2879 TOTAL L RBINUES PROM OPERATIONS (S) ELL CTRIC SALES REVENUE LESS UNODIIECTIBLE ACCOUNTS TOTALREVENUES IL Con OP OmStATIONS M (A) OPERATIONS AND AD MINSTRATIVE (O&N STARING & PROFESSIONAL SUM4M MARREI1dG DATA MANAGEMENT SERVCES RW PEES (iVCLADING BILLING) OTHER ADMI N6TRAINE k GENERAL SUBPDTALO&A (B) COST OF ENERGY &l OPERATING RSESVE TOTAL COST AND OPERATING RESERVE CCA PROGRAMSLRPL (DEFW) 2,887,271 14469,661 15,060,574 15AMA6 16,230517 16,830,069 17,439,879 18,8641202 18,681,563 19,33/,7% 19,786,704 7,033 70978 71,379 73,862 76-M 79,060 81771 84522 87,381 902M 72UM 2000,238 1441 033 14986,195 15,566,964 16,MI34 16,751,030 17,358,067 17,973660 13,65L203 19244004 19,081,978 651,726 532M9 50,280 8531171 874706 903,OW 930098 9%Al 06,741 101430 8,254443 83,769 55,923 36,990 38100 39,243 40,470 41633 4882 66,16E 47,689 464670 44,865 2693m 270,636 271,953 273339 274,706 276,0" 277,435 2751517 280196 2,517,38 6,124 36,756 36,917 37,079 37,241 37,406 37,568 37,732 37,395 34066 362,782 16,000 24000 24660 25,400 24162 26,90 27,735 2495 29,40 30329 259,20.8 502,486 918,341 917,434 1123,737 1752,690 1ffi2482 1.113.122 1344637 LV7,00 141OA24 UAA478 1191901 13007,155 13250275 13,548661 14023503 1495,491 15041.140 15,559,814 16,091015 l"NA72 LMAO850 60,218 43084 451,817 469,224 484915 504902 523,195 WSW 560,746 580028 461796 2,0%,605 14360188 1460,576 15,241622 15,763109 16,3128M 14877,457 17,464257 18028826 MA30124 137,872,101 (74367) 582% 338,619 325,321 3MO25 438,214 480610 529473 575.377 613,380 36943" City of Baldwin Park Reserves Summary (July 2020 through June 2029) CATEGORY 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 TOTAL 1. RESERVE ADDITIONS (A) OPERATING RESERVE CONTRIBUTION 60,218 434,684 451,817 469,224 486,915 504,902 523,195 541,806 560,746 580,028 4,613,536 (B) CASH FROM FINANCING 635,000 635,000 SUBTOTAL RESERVE ADDITIONS 695,218 434,684 451,817 469,224 486,915 504,902 523,195 541,806 560,746 5601028 4,553,318 11. RESERVE SUBTRACTIONS (A) TOTAL FINANCING REPAYMENT - - 119,477 123,111 126,855 130,714 134,689 634,846 (B) INTEREST PAYMENTS 17,411 13,777 10,033 6,175 2,199 49,595 SUBTOTAL RESERVE SUBTRACTIONS. - 136,888 136,888 136,888 136,888 136,888 - 684441 III. RATE STABILIZATION RESERVE BALANCE 695,218 1,129,902 1,444,831 1,777,167 2,127,194 2,495,208 2,881,515 3,423,321 3,984067 4,564,095 The surpluses achieved during the phase-in period serve to build Baldwin Park CCA's net financial position and credit profile and to provide operating reserves for the City in the event that operating costs (such as power purchase costs) exceed collected revenues for short periods of time. Baldwin Park CCA Financings It is anticipated that a loan from the City will be necessary to support Baldwin Park CCA Program implementation. Subsequent capital requirements will be self-funded from the City's accrued Baldwin Park CCA generated financial reserves. The anticipated financing approach is described below. CCA Program Start-up and Working Capital As previously discussed, the anticipated start-up and working capital requirements for the Baldwin Park CCA Program are $351 thousand. This amount is dependent upon the electric load served by the City, actual energy prices, payment terms established with the third -party supplier, and program rates. This figure would be refined during the startup period, as these variables become known. Once the Baldwin Park CCA Program is up and running, these costs would be recovered from customers through retail rates. CHAPTER 7 - Financial Plan 28 October 2018 Baldwin Park CCA Draft Implementation Plan It is assumed that this financing will be primarily secured via one or more term loans from the City. Requisite financing would need to be arranged no later than the first quarter of 2019. Renewable Resource Project Financing Baldwin Park may consider project financings for renewable resources, likely local wind, solar, and biomass projects. These financings would only occur after a sustained period of successful Baldwin Park CCA Program operation and after appropriate project opportunities are identified and subjected to appropriate environmental review. In the event that such financing occurs, funds would include any short-term financing for the renewable resource project development costs and would likely extend over a 20- to 30 -year term. The security for such bonds would be the revenue from sales to the retail customers of Baldwin Park. CHAPTER 7 - Financial Plan 29 October 2018 Baldwin Park CCA Draft Implementation Plan Introduction This Chapter describes the initial policies proposed for Baldwin Park in setting its rates for electric aggregation services. These include policies regarding rate design, rate objectives, and provision for due process in setting Program rates. Program rates are ultimately approved by the Baldwin Park City Council. The City would retain authority to modify program policies from time to time at its discretion. Rate Policies The City will establish rates sufficient to recover all costs related to operation of the Baldwin Park CCA Program, including any reserves that may be required as a condition of financing and other discretionary reserve funds that may be approved by Baldwin Park. As a general policy, rates will be uniform for all similarly situated customers enrolled in the Baldwin Park CCA Program throughout the City. The primary objectives of the rate setting plan are to set rates that achieve the following: ➢ Rate competitive tariff option (default service offering), including a proportionate quantity of renewable energy in excess of California's prevailing renewable energy procurement mandate; ➢ Voluntary renewable energy supply option (renewable content greater than the Baldwin Park CCA default retail service offering)); ➢ Rate stability; ➢ Equity among customers in each tariff; ➢ Customer understanding; and ➢ Revenue sufficiency. Each of these objectives is described below. Rate Competitiveness The primary goal is to offer competitive rates for electric services that the City would provide to participating customers. For participants in the Baldwin Park CCA standard Tariff, the goal would be for Baldwin Park CCA Program rates to be initially one to five percent below, subject to actual energy product pricing and decisions of the City Council, similar generation rates offered by SCE. For participants in the Baldwin Park CCA Program's prospective voluntary clean energy Tariff, the goal would be to offer the lowest possible customer rates with an incremental monthly cost premium reflective of the actual cost of additional clean energy supply (renewable energy and other carbon -free sources) required to serve such customers. Based on current estimates, the anticipated cost premium for the Baldwin Park CCA Program's voluntary clean energy supply option would be one to ten percent relative to the default Baldwin Park CCA tariff. CHAPTER 8 - Rate Setting, Program Terms and Conditions 30 October 2018 Baldwin Park CCA Draft Implementation Plan Competitive rates will be critical to attracting and retaining key customers. In order for the City to be successful, the combination of price and value must be perceived as superior when compared to the bundled utility's service alternative. As planned, the value provided by the Baldwin Park CCA Program will include a community focus and local investment and control. As previously discussed, the Baldwin Park CCA Program may increase renewable energy supply to program customers, relative to the incumbent utility, by offering two distinct rate tariffs. The default tariff for Baldwin Park CCA Program customers will be the standard Tariff, which may increase renewable energy supply while maintaining generation rates that are generally comparable to SCE's. The initial renewable energy content provided under Baldwin Park CCA's standard Tariff will at a minimum meet California's prevailing renewable energy procurement mandate. However, the City may also offer its customers a voluntary clean energy Tariff, which will supply participating customers with increased levels of renewable energy and/or other carbon -free sources at rates that reflect Baldwin Park CCA's cost for procuring related energy supplies. Participating qualified low- or fixed-income households, such as those currently enrolled in the California Alternate Rates for Energy ("CARE") program, will be automatically enrolled in the standard Tariff and will continue to receive related discounts on monthly electricity bills through SCE. Rate Stability The City will offer stable rates by hedging its supply costs over multiple time horizons and by including renewable energy supplies that exhibit stable costs. Rate stability considerations may prevent Baldwin Park CCA Program rates from directly tracking similar rates offered by the distribution utility, SCE, and may result in differences from the general rate -related targets initially established for the Baldwin Park CCA Program. Baldwin Park plans to offer the most competitive rates possible after all Program operating costs are recovered and reserve targets are achieved. Equity among Customer Classes Initial rates of the Baldwin Park CCA Program will be set based on cost -of -service considerations with reference to the rates customers would otherwise pay to SCE. Rate differences among customer classes will reflect the rates charged by the local distribution utility as well as differences in the costs of providing service to each class. Rate benefits may also vary among customers within the major customer class categories, depending upon the specific rate designs adopted by the City. Customer Understanding The goal of customer understanding involves rate designs that are relatively straightforward so that customers can readily understand how their bills are calculated. This not only minimizes customer confusion and dissatisfaction but will also result in fewer billing inquiries to the CHAPTER 8 - Rate Setting, Program Terms and Conditions 31 October 2018 Baldwin Park CCA Draft Implementation Plan Baldwin Park CCA Program's customer service call center. Customer understanding also requires rate structures to reflect rational rate design principles (i.e., there should not be differences in rates that are not justified by costs or by other policies such as providing incentives for conservation). Revenue Sufficiency Baldwin Park CCA Program rates must collect sufficient revenue from participating customers to fully fund the City's annual budget related to Baldwin Park CCA operations. Rates will be set to collect the adopted budget based on a forecast of electric sales for the budget year. Rates will be adjusted as necessary to maintain the ability to fully recover all costs of the Baldwin Park CCA Program, subject to the disclosure and due process policies described later in this chapter. To ensure rate stability, funds available in the City's rate stabilization fund may be used from time to time to augment operating revenues. Rate Design The City will generally match the rate structures from the utility's standard rates to avoid the possibility that customers would see significantly different bill impacts as a result of changes in rate structures that would take effect following enrollment in the Baldwin Park CCA Program. Custom Pricing Options The City may work to develop specially -tailored rate and electric service products that meet the specific load characteristics or power market risk profiles of larger commercial and industrial customers. This will allow such customers to have access to a wider range of products than is currently available under the incumbent utility and potentially reduce the cost of power for these customers. The City may provide large energy users with custom pricing options to help these customers gain greater control over their energy costs. Some examples of potential custom pricing options are rates that are based on an observable market index (e.g., CAISO prices) or fixed priced contracts of various terms. Net Energy Metering As planned, customers with on-site generation eligible for net metering from SCE will be offered a net energy metering rate from the City. Net energy metering allows for customers with certain qualified solar or wind distributed generation to be billed on the basis of their net energy consumption. The SCE net metering tariff ("NEM") requires the CCA to offer a net energy metering tariff in order for the customer to continue to be eligible for service on Schedule NEM. The objective is that Baldwin Park's net energy metering tariff will apply to the generation component of the bill, and the SCE net energy metering tariff will apply to the utility's portion of the bill. The City plans to pay customers for excess power produced from net energy metered generation systems in accordance with the rate designs adopted by the City. Disclosure and Due Process in Setting Rates and Allocating Costs among Participants Initial program rates will be adopted by Baldwin Park following the establishment of the first year's operating budget prior to initiating the customer notification process. Subsequently, the CHAPTER 8 - Rate Setting, Program Terms and Conditions 32 October 2018 Baldwin Park CCA Draft Implementation Plan City will prepare an annual budget and corresponding customer rates. Following the commencement of service, any proposed rate adjustment will be made to the City Council and ample time will be given to affected customers to provide comment on the proposed rate changes. After proposing a rate adjustment, the City will furnish affected customers with a notice of its intent to adjust rates, either by mailing such notices postage prepaid to affected customers, by including such notices as an insert to the regular bill for charges transmitted to affected customers, or by including a related message directly on the customer's monthly electricity bill (on the page addressing Baldwin Park CCA charges). The notice will provide a summary of the proposed rate adjustment and will include a link to the Baldwin Park CCA Program website where information will be posted regarding the amount of the proposed adjustment, a brief statement of the reasons for the adjustment, and the mailing address of the Baldwin Park CCA Program to which any customer inquiries relative to the proposed adjustment, including a request by the customer to receive notice of the date, time, and place of any hearing on the proposed adjustment, may be directed. CHAPTER 8 - Rate Setting, Program Terms and Conditions 33 October 2018 Baldwin Park CCA Draft Implementation Plan This chapter discusses customer rights, including the right to opt -out of the Baldwin Park CCA Program and the right to privacy of customer usage information, as well as obligations customers undertake upon agreement to enroll in the CCA Program. All customers that do not opt out within 30 days of the fourth enrollment notice will have agreed to become full status program participants and must adhere to the obligations set forth below, as may be modified and expanded by the Baldwin Park CCA City Council from time to time. By adopting this Implementation Plan, the City will have approved the customer rights and responsibilities policies contained herein to be effective at Program initiation. The City retains authority to modify program policies from time to time at its discretion. Customer Notices At the initiation of the customer enrollment process, four notices will be provided to customers describing the Program, informing them of their opt -out rights to remain with utility bundled generation service, and containing a simple mechanism for exercising their opt -out rights. The first notice will be mailed to customers approximately sixty days prior to the date of automatic enrollment. A second notice will be sent approximately thirty days later. The City will likely use its own mailing service for requisite enrollment notices rather than including the notices in SCE's monthly bills. This is intended to increase the likelihood that customers will read the enrollment notices, which may otherwise be ignored if included as a bill insert. Customers may opt out by notifying the City using the Baldwin Park CCA Program's designated telephone -based or internet opt -out processing service. Should customers choose to initiate an opt -out request by contacting SCE, they would be transferred to the Baldwin Park CCA Program's call center to complete the opt -out request. Consistent with CPUC regulations, notices returned as undelivered mail would be treated as a failure to opt out, and the customer would be automatically enrolled. Following automatic enrollment, at least two notices will be mailed to customers within the first two billing cycles (approximately sixty days) after Baldwin Park CCA service commences. Opt - out requests made on or before the sixtieth day following start of Baldwin Park CCA Program service will result in customer transfer to bundled utility service with no penalty. Such customers will be obligated to pay charges associated with the electric services provided by the City during the time the customer took service from the Baldwin Park CCA Program, but will otherwise not be subject to any penalty or transfer fee from Baldwin Park CCA. Customers who establish new electric service accounts within the Program's service area will be automatically enrolled in the Baldwin Park CCA Program and will have sixty days from the start of service to opt out if they so desire. Such customers will be provided with two enrollment notices within this sixty-day post enrollment period. Such customers will also receive a notice detailing the City's privacy policy regarding customer usage information. Baldwin Park will have the authority to implement entry fees for customers that initially opt out of the Program, CHAPTER 9 — Customer Rights and Responsibilities 34 October 2018 Baldwin Park CCA Draft Implementation Plan but later decide to participate. Entry fees, if deemed necessary, would aid in resource planning by providing additional control over the Baldwin Park CCA Program's customer base. Termination Fee Customers that are automatically enrolled in the Baldwin Park CCA Program can elect to transfer back to the incumbent utility without penalty within the first two months of service. After this free opt -out period, customers will be allowed to terminate their participation but may be subject to payment of a Termination Fee, which Baldwin Park reserves the right to impose, if deemed necessary. Customers that relocate within the City's service territory would have Baldwin Park CCA service continued at their new address. If a customer relocating to an address within the City's service territory elected to cancel CCA service, the Termination Fee could be applied. Program customers that move out of Baldwin Park's service territory would not be subject to the Termination Fee. If deemed applicable by Baldwin Park, SCE would collect the Termination Fee from returning customers as part of Baldwin Park CCA's final bill to the customer. For illustrative purposes, Baldwin Park CCA's Termination Fee could vary by customer class as set forth in the table below, subject to a final determination by the City. BALDWIN PARK CCA Program: Illustrative Schedule of Fees for Service Termination* Customer Class Fee Residential $5 Non -Residential $25 *Note that Baldwin Park has yet to adopt a Schedule of Fees for Service Termination. The fees reflected in this table are representative of similar charges adopted by California's operating CCA programs. If adopted, the Termination Fee would be clearly disclosed in the four enrollment notices sent to customers during the sixty-day period before automatic enrollment and following commencement of service. The fee could also be changed prospectively by Baldwin Park subject to applicable customer noticing requirements. Customers electing to terminate service after the initial notification period would be transferred to SCE on their next regularly scheduled meter read date if the termination notice is received a minimum of fifteen days prior to that date. Such customers would also be liable for the nominal reentry fees imposed by SCE and would be required to remain on bundled utility service for a period of one year, as described in the utility CCA tariffs. Customer Confidentiality Baldwin Park will establish policies covering confidentiality of customer data that are fully compliant with the required privacy protection rules for CCA customer energy usage information, as detailed within Decision 12-08-045. The City will maintain the confidentiality of individual customers' names, service addresses, billing addresses, telephone numbers, account CHAPTER 9 — Customer Rights and Responsibilities 35 October 2018 Baldwin Park CCA Draft Implementation Plan numbers, and electricity consumption, except where reasonably necessary to conduct business of the Baldwin Park CCA Program or to provide services to customers, including but not limited to where such disclosure is necessary to (a) comply with the law or regulations; (b) enable Baldwin Park to provide service to its customers; (c) collect unpaid bills; (d) obtain and provide credit reporting information; or (e) resolve customer disputes or inquiries. The City will not disclose customer information for telemarketing, e-mail, or direct mail solicitation. Aggregate data may be released at Baldwin Park's discretion. Responsibility for Payment Customers will be obligated to pay Baldwin Park CCA Program charges for service provided through the date of transfer including any applicable Termination Fees. Pursuant to current CPUC regulations, the City will not be able to direct that electricity service be shut off for failure to pay Baldwin Park CCA bills. However, SCE has the right to shut off electricity to customers for failure to pay electricity bills, and SCE Electric Rule 23 mandates that partial payments are to be allocated pro rata between SCE and the CCA. In most circumstances, customers would be returned to utility service for failure to pay bills in full and customer deposits (if any) would be withheld in the case of unpaid bills. SCE would attempt to collect any outstanding balance from customers in accordance with Rule 23 and the related CCA Service Agreement. The proposed process is for two late payment notices to be provided to the customer within 30 days of the original bill due date. If payment is not received within 45 days from the original due date, service would be transferred to the utility on the next regular meter read date, unless alternative payment arrangements have been made. Consistent with the CCA tariffs, Rule 23, service cannot be discontinued to a residential customer for a disputed amount if that customer has filed a complaint with the CPUC, and that customer has paid the disputed amount into an escrow account. Customer Deposits Under certain circumstances, Baldwin Park CCA customers may be required to post a deposit equal to the estimated charges for two months of CCA service prior to obtaining service from the Baldwin Park CCA Program. A deposit would be required for an applicant who previously had been a customer of SCE or Baldwin Park CCA and whose electric service has been discontinued by SCE or Baldwin Park CCA during the last twelve months of that prior service arrangement as a result of bill nonpayment. Such customers may be required to reestablish credit by depositing the prescribed amount. Additionally, a customer who fails to pay bills before they become past due as defined in SCE Electric Rule 11 (Discontinuance and Restoration of Service), and who further fails to pay such bills within five days after presentation of a discontinuance of service notice for nonpayment of bills, may be required to pay said bills and reestablish credit by depositing the prescribed amount. This rule will apply regardless of whether or not service has. been discontinued for such nonpayment7. Failure to post deposit as required would cause the account service transfer request to be rejected, and the account would remain with SCE. 7 A customer whose service is discontinued by Baldwin Park is returned to SCE generation service. CHAPTER 9 — Customer Rights and Responsibilities 36 October 2018 Baldwin Park CCA Draft Implementation Plan Introduction This Chapter describes Baldwin Park's initial procurement policies and the key third party service agreements by which the City will obtain operational services for the Baldwin Park CCA Program. By adopting this Implementation Plan, the City will have approved the general procurement policies contained herein to be effective at Program initiation. Baldwin Park retains authority to modify Program policies from time to time at its discretion. Procurement Methods Baldwin Park will enter into agreements for a variety of services needed to support program development, operation and management. It is anticipated that the City will generally utilize Competitive Procurement methods for services but may also utilize Direct Procurement or Sole Source Procurement, depending on the nature of the services to be procured. Direct Procurement is the purchase of goods or services without competition when multiple sources of supply are available. Sole Source Procurement is generally to be performed only in the case of emergency or when a competitive process would be an idle act. The City will utilize a competitive solicitation process to enter into agreements with entities providing electrical services for the program. Agreements with entities that provide professional legal or consulting services, and agreements pertaining to unique or time sensitive opportunities, may be entered into on a Direct Procurement or Sole Source basis at Baldwin Park's discretion. Authority for terminating agreements will generally mirror the authority for entering into such agreements. Key Contracts Electric Supply Contract Baldwin Park will initiate service using supply contracts with one or more qualified providers to supply sufficient electric energy resources to meet Baldwin Park CCA customer demand as well as applicable resource adequacy requirements, ancillary and other necessary services. It is anticipated working with CCEA to issue a Request for Proposals ("RFP") for energy supply products and services including shaped conventional energy, renewable energy, resource adequacy capacity, and scheduling coordinator services will be issued in December 2019. The tentative RFP schedule and timeline is broken out below: Release RFP Deadline for Question Submittal Proposals Due Notification of Short List Begin Contract Negotiations Best and Final Pricing Contract Approval and Execution December 2019 December 2019 January 2020 January 2020 February 2020 March 2020 March 2020 CHAPTER 10 - Procurement Process 37 October 2018 Baldwin Park CCA Draft Implementation Plan As indicated in the above RFP timeline, the City plans to receive proposals, including indicative pricing for all requested products and services, in January 2020. This would provide the City with a sufficient amount of time to evaluate the proposals, develop a short-list, negotiate contracts, and execute final agreements by the end of the 1st quarter 2020. The City may complete additional solicitations to supplement its energy supply and/or to replace contract volumes provided under the original contract. Baldwin Park would begin such procurement sufficiently in advance of contract expiration so that the transition from the initial supply contract occurs smoothly, avoiding dependence on market conditions existing at any single point in time. As part of the energy supply and services RFP released in December 2019, Baldwin Park will solicit the services of a certified scheduling coordinator to schedule loads and resources to meet Baldwin Park CCA customer demand. The City may designate the primary supplier to be responsible for day-to-day energy supply operations of the Baldwin Park CCA Program and for managing the predominant supply risks for the term of the contract. The primary supplier may also contribute to meeting the Program's renewable energy supply goals. However, additional suppliers may be identified to supplement requisite energy supplier of the Baldwin Park CCA program. Finally, the primary supplier may be responsible for ensuring Baldwin Park's compliance with all applicable resource adequacy and regulatory requirements imposed by the CPUC or FERC. Data Management Contract A data manager will provide the retail customer services of billing and other customer account services (electronic data interchange or EDI with SCE, billing, remittance processing, and account management). Recognizing that some qualified wholesale energy suppliers do not typically conduct retail customer services whereas others (i.e., direct access providers) do, the data management contract may be separate from the electric supply contract. It is anticipated that Baldwin Park CCA will use CCEA's data manager to perform all of the data management functions.' The data manager is responsible for the following services: ➢ Data exchange with SCE; ➢ Technical testing; ➢ Customer information system; ➢ Customer call center; ➢ Billing administration/retail settlements; and 8 The contractor providing data management may also be the same entity as the contractor supplying electricity for the program. CHAPTER 10 - Procurement Process 38 October 2018 Baldwin Park CCA Draft Implementation Plan ➢ Settlement quality meter data reporting ➢ Reporting and audits of utility billing. Utilizing a third party for account services eliminates a significant expense associated with implementing a customer information system. Such systems can impose significant information technology costs and take significant time to deploy. Separation of the data management contract from the energy supply contract provides the City with greater flexibility to change energy suppliers, if desired, without facing an expensive data migration issue. Baldwin Park is considering joining California Choice Energy Authority, a hybrid JPA program, for various components of Baldwin Park CCA's operations, including data management and call center functions. Should Baldwin Park CCA decide not to partner for these services, an RFP process, similar to the electric supply RFP described above, will be completed. The tentative RFP schedule and timeline is broken out below: Release RFP December 2019 Deadline for Question Submittal December 2019 Proposals Due January 2020 Notification of Short List January 2020 Short List Interviews January 2020 Begin Contract Negotiations January 2020 Contract Approval and Execution January 2020 The RFP timeline will allow the City to get a data manager under contract by late January 2020. Even though Baldwin Park CCA will not serve customers until May 2020, the data manager will need sufficient time to setup and integrate the various data systems with Baldwin Park, SCE, and other third parties such as Baldwin Park CCA's scheduling coordinator. CHAPTER 10 - Procurement Process 39 October 2018 Baldwin Park CCA Draft Implementation Plan Introduction This Chapter describes the process to be followed in the case of Baldwin Park CCA Program termination. By adopting the original Implementation Plan, the City will have approved the general termination process contained herein to be effective at Program initiation. In the unexpected event that the City would terminate the Baldwin Park CCA Program and return its customers to SCE service, the proposed process is designed to minimize the impacts on its customers and on SCE. The proposed termination plan follows the requirements set forth in SCE's tariff Rule 23 governing service to CCAs. The City retains authority to modify program policies from time to time at its discretion. Termination by Baldwin Park CCA Baldwin Park will offer services for the long term with no planned Program termination date. In the unanticipated event that the City decides to terminate the Program, the City Council would vote on Program termination. After any applicable restrictions on such termination have been satisfied, notice would be provided to customers six months in advance that they will be transferred back to SCE. A second notice would be provided during the final sixty -days in advance of the transfer. The notice would describe the applicable distribution utility bundled service requirements for returning customers then in effect, such as any transitional or bundled portfolio service rules. At least one-year advance notice would be provided to SCE and the CPUC before transferring customers, and the City would coordinate the customer transfer process to minimize impacts on customers and ensure no disruption in service. Once the customer notice period is complete, customers would be transferred in masse on the date of their regularly scheduled meter read date. Baldwin Park will post a bond or maintain funds held in reserve to pay for potential transaction fees charged to the Program for switching customers back to distribution utility service. Reserves would be maintained against the fees imposed for processing customer transfers (CCASRs). The Public Utilities Code requires demonstration of insurance or posting of a bond sufficient to cover reentry fees imposed on customers that are involuntarily returned to distribution utility service under certain circumstances. The cost of reentry fees are the responsibility of the energy services provider or the community choice aggregator, except in the case of a customer returned for default or because its contract has expired. The City will post financial security in the appropriate amount as part of its registration materials and will maintain the financial security in the required amount, as necessary. Chapter 11- Contingency Plan for Program Termination 40 October 2018 BALDWIN PARK CCA Draft Implementation Plan Appendix A: City of Baldwin Park Resolution No. XX -XX (Adopting Implementation Plan) CHAPTER 12 — Appendices 41 October 2018 STAFF REPORT ITEM NO. S TO: Honorable Mayor and Members of the City Council FROM: Sam Gutierrez, Director of Public Works DATE: November 14, 2018 SUBJECT: Award of Bid for City Project No. 2018-0265 — Frazier Street Pedestrian and Bicycle Safety Improvements Project SUMMARY This item will authorize the award of contract for City Project No. 2018-0265 — Frazier Street Pedestrian and Bicycle Safety Improvements Project to PALP, Inc. DBA Excel Paving out of Long Beach, CA. This project is listed in the current Fiscal Year 2018/2019 Capital Improvement Program (CIP19-27 and CIP 19-37). The project will furnish pedestrian and bicycle safety improvements to Frazier Street between the on/off ramps of the westbound 1-10 Freeway to Foster Avenue. The project has been identified as a priority in the City's Safe Routes to School Master Plan and is in concurrence with Council's adopted Complete Street Policy. The work will include installation of Class II Bike Lanes in both directions, reduced vehicle travel lanes from 4 lanes to 2 lanes (intended to reduce vehicle speeds and pedestrian/vehicle collisions) with a shared turning lane, high visibility crosswalks, replacement of pedestrian signals with modern pedestrian countdown signals, ADA improvements, and native street trees. RECOMMENDATION It is recommended that the City Council: 1. Approve and award the contract to PALP, Inc. DBA Excel Paving out of Long Beach, CA in the amount of $1,024,574.00; and 2. Authorize the Mayor and City Clerk to execute the contract for Frazier Street Pedestrian and Bicycle Safety Improvements; and 3. Authorize the Director of Finance to appropriate $72,142.60 from fund #257 — Traffic Mitigation Fees to Account #257-50-520-58100-15717. FISCAL IMPACT There is no impact to the general fund. The following table lists the funds available for the project which is listed in fiscal year 2018/2019. $1,024,574.00 $77,640.00 CIP 19-27 Prop C — Fund #245-50-520-58100-15717 LACMTA Metro Express Lanes Net Toll Revenue Re - Investment Grant Program— Fund #270-50-520-58100-15717 $810,450.40 CIP 19-37 Pro C — Fund #245-50-520-58100-15625 $180,000.00 A ro riate I Traffic Mitigation Fees — Fund #257-50-520-58100-15717 $72,142.60 Total Available Funds 1 $1,140,233.00 $1,024,574.00 Construction Contract Construction Management 6% $64,431.00 Contingency (5%) $51,228.00 Total Available Funds $1,140,233.00 BACKGROUND On October 24, 2014, the LACMTA approved the guideline establishing a discretionary grant program to reinvest Express Lanes net toll revenue to transit improvement. Based on the guidelines and the City's desire to begin implementation of the Safe Routes to Schools Masterplan, the Department of Public Works applied for a grant to fund pedestrian and bicycle safety improvements along Frazier Street from the 1-10 Freeway to Foster Avenue. On March 2, 2016 at the regular meeting, Council approved a funding agreement along the City to receive $895,288 from the Los Angeles County Metropolitan Transportation Authority (LACMTA) for the Frazier Street Pedestrian and Bicycle Safety Improvement through the Metro ExpressLanes Net Toll Revenue Re -Investment Grant Program. The City has already expended funds for the preparation of plans and specifications. The City's required match for this project will come in-kind work performed by city employees and Prop C funds. On May 1, 2016, Infrastructure Engineer's was tasked with preparing a design package for the Frazier Street Pedestrian and Bicycle Safety Improvement Project which would include plans, specifications, and cost estimate. On April 13, 2018, staff recommended Infrastructure Engineer's tasked to be broadened to include an additional two new bulb -out intersections per the Safe Routes to School Master Plan and to ensure that all ADA ramps were based on topographic survey. On August 15, 2018 staff received the authorization to bid the Frazier Street Pedestrian and Bicycle Safety Improvement Project. The project was advertised in the San Gabriel Valley Examiner on August 23rd and August 30th of 2018. Bids were opened on September 18, 2018. DISCUSSION On September 18, 2018 a total of four (5) bids were received and checked for errors, and all were determined to be valid. The following is a summary of bids received. The lowest responsive and responsible bid was from PALP, Inc. DBA Excel Paving out of Long Beach, CA. Staff has checked and verified references and recommends that the City Council move forward with the award of contract for this project. If awarded, the construction work is estimated to start in late October and finish in early January. ENVIRONMENTAL REVIEW The subject Frazier Street Pedestrian and Bicycle Safety Improvements Project is exempt from the California Environmental Quality Act (CEQA) pursuant to a Class 1 (Section 15201, Existing Facilities), subsection (c) exemption, which includes the repair, maintenance, and/or minor alteration of existing highways and streets, sidewalks, gutters, bicycle and pedestrian trails, and similar facilities (this includes road grading for the purpose of public safety) The key consideration for a Class 1 exemption is whether the project involves negligible or no expansion of an existing use. $1,024,574.00 1 PALP DBA Excel Paving Long Beach, CA 2 FS Contractors Sylmar, CA $1,081,278.50 3 Los Angeles Engineering Covina, CA $1,115,722.30 4 All American Asphalt Corona, CA $1,126,215.00 5 Lucas Builders La Habra, CA $1,339,734.00 The lowest responsive and responsible bid was from PALP, Inc. DBA Excel Paving out of Long Beach, CA. Staff has checked and verified references and recommends that the City Council move forward with the award of contract for this project. If awarded, the construction work is estimated to start in late October and finish in early January. ENVIRONMENTAL REVIEW The subject Frazier Street Pedestrian and Bicycle Safety Improvements Project is exempt from the California Environmental Quality Act (CEQA) pursuant to a Class 1 (Section 15201, Existing Facilities), subsection (c) exemption, which includes the repair, maintenance, and/or minor alteration of existing highways and streets, sidewalks, gutters, bicycle and pedestrian trails, and similar facilities (this includes road grading for the purpose of public safety) The key consideration for a Class 1 exemption is whether the project involves negligible or no expansion of an existing use. ALTERNATIVES The City Council may choose not to award a construction contract, reject all bids, re -bid the project and hold public meetings. This action is not recommended as lowest bid was deemed responsive. Re -bidding the project will delay the work which may cause the City to default on grant requirements. 2. Provide Staff with alternate direction. LEGAL REVIEW None Required. ATTACHMENTS None required. ITEM NO. STAFF REPORT TO: Honorable Mayor and Members of the City Council FROM: Shannon Yauchzee, CEO, DATE: November 14, 2018 SUBJECT: Transfer of the New Public Information Contract SUMMARY The City Council has had previous discussions about expanding the public awareness of the positive things happening in the City and have used consultants in the past for this purpose. Previously the City Council contracted with David Vela and the Firm of Veronica Perez & Associates. Mr. Vela has recently left Veronica Perez & Associates Group and has presented a similar proposal with the firm of Urban Strategy Group for consideration. RECOMMENDATION It is recommended that the City Council: 1) Accept the mutual dissolution of the contract with Veronica Perez and Associates; 2) Accept the proposal Urban Strategy Group for one year with the option to renew for one additional year and direct City Attorney to prepare a standard consultant agreement to be executed by the Mayor, and; 3) Authorize the Finance Director to make any necessary budget adjustments. FISCAL IMPACT The funds have been budgeted from the Business Improvement Fund for the remainder of this fiscal year. Additional appropriations may be made in the next fiscal year. The annual cost to provide services will be billed hourly at a total not to exceed cost of $49,900 annually. BACKGROUND Urban Strategy Group and David Vela have been a leader in communication and has a comprehensive knowledge of the San Gabriel Valley and Baldwin Park. Their proposal (attached) is aimed to build a strategic communication organizational framework, expand the City's reach to the public and the media, and develop proactive methods of communication. ALTERNATIVES The City Council may: 1) Direct Staff to negotiate changes to the proposal; 2) Direct staff to solicit RFP's for the service, 3) Not choose to change firms at this time. LEGAL REVIEW Legal Review is not required for this item. ATTACHMENTS 1. Proposal 2. Dissolution letter Attachment 1 Proposal AUSG URBAN STRATEGY GROUP CIN OF BALDWIN PARK PUBLIC INFORMATION OFFICER SERVICES PROPOSAL BY URBAN STRATEGY GROUP All USG URBAN STRATEGY GROUP October 23, 2018 To: Mr. Shannon Yauchzee, Chief Executive Officer, City of Baldwin Park From: Paul J. Vizcaino, President, Urban Strategy Group Re: Proposal for Public Information Officer — Professional Services Thank you for the opportunity to provide the City of Baldwin Park with professional services as a part-time Public Information Officer (PIO). We look forward to the opportunity to work in partnership with the City and are confident that Urban Strategy Group, Inc. (USG) resources and comparable experience qualify us to best facilitate the goals this task requires. We look forward to working with you and your team. Should you have any questions, please feel free to reach me at 310-428-7488. Sincerely, Paul J. Vizcaino President & CEO Urban Strategy Group, Inc. t FIRM PROFILE Urban Strategy Group, Inc. (USG) is a full-service minority owned public affairs firm specializing in community outreach, government relations, event permitting, and land use/entitlement services. With over 80 years of combined experience, USG builds consensus around public and private projects of all types. USG separates itself from most public affairs firms, because of our ability to work with diverse communities and its strong ties to many communities in Southern California. USG believes solutions come from cooperatively addressing challenges with clients, local stakeholders, and government officials. We value and encourage community participation in all aspects of our business, which enables the development of effective collaborations between our clients' needs and the community's interests. We work to inspire responsible development in public and private projects by engendering a confidence through a robust community outreach and education program. SERVICES Community outreach USG develops and implements community/public outreach strategies that help build support for private and public entities. We believe that understanding and knowing the heartbeat of diverse communities gives us an advantage in securing public support and understanding of our client's projects. Our approaches to community relations includes grassroots education and mobilization efforts to empower communities' participation on behalf of their own interests. We assist our clients in identifying key community leaders, stakeholders, and organizations to strategically develop, and implement outreach plans to achieve our client's goals and needs. We incorporate the latest technology and software in all our community relations efforts. USG provides the following services: • Meeting logistical planning • Meeting facilitation • Identification of stakeholders • Spanish language interpretation /translation services • Development of project specific messaging/strategic advice • Community outreach reporting • Consensus and coalition building • Construction mitigation outreach • Social media tracking and engagement • Traditional media buys • Agency coordination • Graphic design services • Project management • Simple public opinion polls • Door-to-door noticing/canvassing • Contact database management • Marketing material development • Website development and management • Development of a Strategic Communications and Response Plan Government Relations USG brings practical and technical work experience with various administrative, legislative, and regulatory bodies in the State of California. USG helps its clients to effectively navigate bureaucratic government processes and hurdles affecting their projects. We understand the intricacies and concerns of the decision-making process and have the relationships, and experience that allow us to lobby on behalf of our clients. USG provides the following services: • Lobbying and advocacy of local, county, state, and federal elected officials • Identification of interested stakeholders • Development of education campaigns and strategic advice • Meeting coordination and facilitation • Development of public-private partnerships • Mobilization and building of broad-based coalitions of support • Issue -based advocacy and legislative analysis • Legislation monitoring and reporting • Identification of funding opportunities Land Use & Development USG brings its technical expertise in land use and development before government officials, staff, and local departments. USG uses its experience in bureaucracy to help small and large development projects go through a successful local entitlement and building and safety permit process in the City of Los Angeles. USG provides the following services: • Education and advocacy of local, state, and federal elected officials • Assistance in preparation of administrative agency and department applications • Representation on behalf of projects at public meetings 3 Event Permitting and Management USG has experience in the permitting process for large and small special events in the City of Los Angeles. We have led in the planning, permitting, and community engagement of events, so that producers host successful and safe events that thousands of people attend. USG provides the following services: • Event permits in the City of Los Angeles and its departments • Coordination and logistical planning with project partners • Vendor coordination • Event calendar tracking and reporting • Public safety management • Location identification and reservation • Assistance in forming a consulting team • Mobilization and building of broad-based coalitions of support Office locations Headquarters: 411 S. Main Street, Unit 611, Los Angeles, CA 90013 Principal Place of Business: 777 S. Alameda Street, 2nd floor, Ste. 2033, Los Angeles, CA 90021 4 SCOPE OF SERVICES & APPROACH Urban Strategy Group (USG) shall provide a part-time Public Information Officer (PIO) staff member to the City of Baldwin Park with the intent to increase public awareness, encourage meaningful community engagement, and build trust in City government. Other USG staff may be added to support the duties and responsibilities of the Public Information Officer's role as needed. The part-time staff time working on this scope shall not exceed $4,100.00. The Public Information Officer's objective is to deliver timely, accurate, coordinated and relevant public information in the way residents receive and access information, and in a manner that elevates City Council/staff expertise, promotes City values, and produces high quality communications. Our goal is to strategically position the City's profile as a leader amongst the cities in the San Gabriel Valley. USG's role as Public Information Officer shall work to target three core strategies to the build the public profile of the City of Baldwin Park. Below are the strategies and responsibilities the USG staff serving the City shall be responsible for during this agreement for professional services. Three strategies and responsibilities of the PIO: 1. Build a sustainable communications organizational framework • Centralize communications coordination and suggest relevant media protocols • Provide ongoing communications training for City staff and councilmembers • Disseminate information in English, Spanish, Chinese, Tagalog, and Vietnamese when appropriate • Coordinate City logo and use for unified portrayal of City government • Reviews current public relations plan and evaluate its efficiencies 2. Expand the City's reach to the public and media • Serve as spokesperson • Arranges news conferences, media, and other public appearances for public officials • Prepare or edit materials presented to the public • Bolster traditional channels of communication • Use new media technologies • Continue and grow social media presence 3. Develop proactive methods of communicating 5 Support and plan for targeted communication projects Enhance direct communications and partnerships with the community and media outlets Update and maintain project media kit Any other services not described within this scope and approach shall be an added value service provided to the City, if an only if, it does not go beyond the part-time commitment detailed in the terms and conditions section of the agreement. s THE TEAM DAVID VELA PRINCIPAL PUBLIC INFORMATION OFFICER SUMMARY David Vela established strong working relationships with elected officials, media outlets and stakeholder groups in Los Angeles County and led numerous successful public awareness and transportation -related initiatives, including light rail and shuttle service. Mr. Vela served as a liaison with several Los Angeles County communities to obtain valuable input for environmental impact reports, transportation plans, regional master plans, and transit - oriented developments. He also assisted in public and media relations for Los Angeles County Board of Supervisor Gloria Molina, as it pertained to various capital projects in Los Angeles County, including the Eastside Gold Line project. EXPERIENCE PROFILE Mr. Vela is a community outreach and government affairs professional with 13 years of experience working with a variety of different stakeholder groups, including homeowners' associations, business groups, schools, and faith -based organizations. His experience includes working with and on behalf of elected officials and public agencies creating and implementing successful media and public awareness campaigns. He has overseen the creation of informational and collateral materials, such as: fact sheets, newsletters, and public meeting notices. Mr. Vela is adept at effectively managing staff and budgets to ensure the successful and timely completion of projects. PROJECT EXPERIENCE Project Name and Location: City of Lynwood, Special Projects Coordinator, Lynwood CA Project Role: Mr. Vela works closely with City of Lynwood staff to implement various special projects for the City of Lynwood. He helped establish working relationships with Los Angeles County Departments and their staff to advocate for City's needs and current projects. He implemented event planning activities for a park grand opening while working with the offices of State Senator Ricardo Lara and other government agencies on this special project. Under the direction of the City Manager, he attended City Council meetings and represented the City of Lynwood in various matters. TERMS AND CONDITIONS Urban Strategy Group, Inc. (USG) shall provide professional services described above to the City of Baldwin Park ("Client") as a part-time Public Information Officer (PIO). USG proposes the following terms and conditions for its services to the Client. FEES FOR SERVICES Urban Strategy Group, Inc. ("USG") proposes a contract total not to exceed $49,500.00 for twelve (12) of months for the above stated scope of services and approach to the City of Baldwin Park ("Client"). USG shall bill each month against the hours worked by staff for services provided to the Client. The fee each month shall not exceed $4,100.00 each month and this fee does not include hard/direct expenses described below. The monthly fee shall not include hard/direct expenses or mileage necessary for it fulfill its duties under this agreement and shall be reimbursed by the City. The non -exhaustive list of hard/direct expenses in this proposed agreement for services is such as printing, reproduction, polling, and other direct expenses or usual and customary out-of-pocket expenses will be billed at cost to the City. Expenses over $250.00 are subject to review by the City for approval. Automobile mileage will be charged at the current IRS rate, $0.54 per mile as of 2018. The following hourly rates are for the staff time worked each month for the City: • David Vela — PIO $275/hour • PIO Assistant $150/hour • Administrative/Support $60/hour Payments to be made payable to Urban Strategy Group, Inc. as dictated by this agreement. Client shall wire transfer payments to USG's business account or shall mail a check or courier deliver the check to 411 S. Main Street, Unit 611, Los Angeles, CA 90013. Time for Payment: All invoices shall be paid within 30 days of receipt. Payments is due in accordance with this Agreement. All invoices not paid within 30 days shall be assessed a late fee of 2.5% of the total invoice due. LIMITING CONDITIONS • The Client agrees, recognizes, and acknowledges that some of the processes described in this agreement are a "discretionary action" that is taken by the City, State, or other government agency, and as such, USG, makes no guarantee or warranties as to the outcome or conditions of approval for such cases. 9 • The Client understands that USG is not an attorney and makes no representations as such. • USG assumes no liability for errors, omissions, or delays on the part of the City and its staff while serving on this scope of work. • USG assumes no liability for errors, omissions, or delays on the part of the Client, Client's attorney, or other responsible parties that shall supply added support or materials as necessary for the timely completion services described herein. DURATION OF AGREEMENT The duration of this agreement shall be for one (1) year from the date of complete execution of the proposal by both parties. Services shall commence on the date of execution of this proposal by both parties. Prior to end of this agreement, the Client and USG shall renegotiate the extension or revision of the proposed agreement for professional services. INDEPENDENT CONTRACTOR It is the express intention of the parties that USG perform the professional services as an independent contractor. Nothing in this Agreement will in any way be construed to constitute USG as an agent, employee, or representative of City of Baldwin Park. Urban Strategy Group, Inc. (USG) is hereby authorized to furnish all materials and labor required to complete the scope work and approach in the above proposal for which IIWE agree to pay the amount mentioned in said proposal and according to the terms thereof. ACCEPTED & AGREED TO ON THIS TUESDAY, October 23, 2018. October 23, 2018 Paul Vizcaino Date CEO & President, Urban Strategy Group 10 Authorized Representative Date City of Baldwin Park 11 Attachment 2 Dissolution Letter ID VERON ICAPEREZ & ASSOCIATES October 14, 2018 Shannon Yauchzee City of Baldwin Park 14403 E. Pacific Ave. Baldwin Park, CA 91706 Mr. Yauchzee, Pursuant to our conversation on October 9, 2018, Veronica Perez & Associates will no longer be providing the City of Baldwin Park with Public Information Officer services as of November 14, 2018. Please contact me with any questions. Thank you and it has been a pleasure working with you. Sincerely, Veronica Perez 611 Wilshire Boulevard, Suite 1107, Los Angeles, CA 90017 Phone: (213) 221-7161 Fax: (213) 221-7128 Mobile: (626) 644-5525 vp@veronicaperez.com veronicaperez.com STAFF REPORT ITEM NO. 7 TO: Honorable Mayor and Members of the City Council FROM: Shannon Yauchzee, Chief Executive Office Laura J. Thomas, Human Resources/Risk Manag DATE: November 14, 2018 SUBJECT: Approve a resolution revising the comprehensive City of Baldwin Park Pay Schedule to comply with the State Minimum Wage Increase, effective January 1, 2019, and update the pay schedule to correct a clerical error in the Finance Director and Human Resources Analyst I salary. SUMMARY This report requests City Council approval of a Resolution to revise the comprehensive City of Baldwin Park Pay Schedule, adjusting salary ranges and steps for part-time employees to comply with the California minimum wage increase, effective January 1, 2019, and correct a clerical error in the salary range for Finance Director and Human Resources Analyst I. RECOMMENDATION Staff recommends that the City Council approve Resolution No. 2018-302 to update: 1. The salary ranges and steps for part-time employees to comply with the California minimum wage increase effective, January 1, 2019, and direct the Executive Team to place incumbent part-time employees into the closest salary step for their position in the new schedule that does not result in a decreased hourly rate for the employee; and 2. Correct a clerical error in the salary range for Finance Director to reflect rate of pay authorized in the Employee Agreement; and correct a clerical error and adjust the pay rate within the respective salary range for Human Resources Analyst I. FISCAL IMPACT The estimated additional fiscal impact to the General Fund to comply with the new minimum wage is approximately $5,000 since the increase was already included in the approved FY 2018-19 Budget. BACKGROUND In 2016, legislation was passed incrementally raising California's minimum wage to $15 by 2022. The first increase was effective January 1, 2017, raising the minimum wage from $10 to $10.50 per hour, and the second increase was on January 1, 2018. The next increase is legislated for January 1, 2019, bringing the minimum wage to $12.00 per hour. In order to comply with the new minimum wage and CalPERS state law, it is necessary for the governing body to adopt a salary resolution that will be effective January 1, 2019. The attached resolution brings those ranges into compliance. Additionally, an error in the salary schedule for the Finance Director was identified, and is being corrected. Consequently, Resolution No. 2018-302 reflects the pay rate reflected in the Employee Agreement authorized by the City Council on October 3, 2018. Since the approved pay rate was retroactive to March 25, 2018, salary schedules approved since that time have also been revised to reflect this correction as required by CalPERS. This Resolution also reflects the correct pay rate for the Human Resources Analyst I salary range previously approved on October 17, 2018. ALTERNATIVES There are no alternatives since this action is to comply with a State mandate. LEGAL REVIEW Legal Review is not required for this item. ATTACHMENTS 1. Resolution No. 2018-302 Attachment 1 Resolution No.2018-302 RESOLUTION NO. 2018-302 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, ADOPTING A SALARY RESOLUTION TO CORRECT CLERICAL ERRORS AND ESTABLISH A COMPREHENSIVE PAY SCHEULE FOR ALL FULLTIME EMPLOYEEES, PART TIME EMPLOYEES AND ELECTED OFFICIALS IN ACCORDANCE WITH CALIFORNIA MINIMUM WAGE LAWS AND CALPERS GUIDELINES WHEREAS, the California minimum wage will be increasing from $11.00 per hour to $12.00 per hour effective, January 1, 2019, requiring some adjustments to the City of Baldwin Park's current comprehensive pay schedule; attached hereto as Attachment A; and WHEREAS, the City of Baldwin Park, through negotiations with various employee bargaining groups has established corresponding Memoranda of Understanding which are in full force and effect; and established individual contracts with each executive management employee; and WHEREAS, California Employees Retirement System (CalPERS) requires all government agencies to provide and make available to the public the salary of all full- time employees, part-time employees and Elected Officials in a single salary format specified by CalPERS; and WHEREAS, staff has also identified a clerical error in previously approved salary schedules for the Finance Director salary range requiring corrections retroactive to March 25, 2018; and WHEREAS, staff has also identified a clerical error in the previously approved salary schedule for the Human Resources Analyst I salary requiring corrections retroactive to October 17, 2018; and WHEREAS, CalPERS requires that changes and/or corrections to any salary ranges must be corrected for all previously adopted comprehensive pay schedules back to the effective date of the change; and WHEREAS, the City of Baldwin Park has compiled the necessary salary data to update and maintain a single salary schedule required in compliance with the requirements of CalPERS and has attached said schedule to this resolution as Attachment B, with the effective date of November 14, 2018, and supersedes City Council Resolutions No. 2018- 290-294, and City Council Resolution 2018-296, the previous resolutions and salary schedule. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE AND ORDER AS FOLLOWS: SECTION 1. That this City Council does hereby approve and authorize the comprehensive City of Baldwin Park Pay Schedules that include pay rate information for all full-time and part-time employees as well as Elected Officials, attached hereto as Attachment B, with the following effective dates: January 1, 2019; November 14, 2018; October 17, 2018; July 23, 2018; July 1, 2018; June 20, 2018 and March 25, 2018. SECTION 3. Resolutions or portions thereof in conflict are hereby repealed. SECTION 4. That the City Clerk shall certify to the adoption of this Resolution and shall cause this Resolution to become in full effect on November 14, 2018. PASSED, APPROVED, AND ADOPTED this 14th day of November, 2018. MANUEL LOZANO MAYOR ATTEST: STATE OF CALIFORNIA COUNTY OF LOS ANGELES SS: CITY OF BALDWIN PARK I, ALEJANDRA AVILA, City Clerk of the City of Baldwin Park do hereby certify that the foregoing Resolution No. 2018-302 was duly adopted by the City Council of the City of Baldwin Park at a special meeting thereof held on November 14, 2018 and that the same was adopted by the following vote to wit: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ABSTAIN: COUNCIL MEMBERS: ALEJANDA AVILA CITY CLERK Attachment "B" Salary Schedules ui rn Lf) O N � U � N o � w � U m C a o j v j o � U � U W d .n 0 3 Z 00 0 N R N d E a) 0 z v a 0 0 0 0 0 0 0 O O O O LO M N N '�Y V V3 EA h I- N N C - C d r IL `o N L Z y o E a 4) `o U U F- U N m o g U U U U 2 to co N LO O 0 O O O O 0 0 0 0 w m co co 1-1 00 0 N R N d E a) 0 z v a 0 Y >Z J m LL 0 F" U N a w U) It CL r N M a N i rn A O^ Z O) O (o O LO co N C CV c w N 0 i 0 2 0 to 64 N � U ami M o GOO 0 w N `o `o N (o O O L m V @ i L (00, N P U p, 0 0�0 0 N cM .ma.yy u7 0 N o CD — L ti U) CL v �+ 04 ui a h v� ��—, 0 6% U E<3 6N9 CJ W = 6R ` w a No ONOrooN o at 0 3 0 0 0 o f '7 Z N N N 7 Z 0 o n O O n cm cq N O i O aa) 0 LL ami M o GOO 0 w N `o `o N (o O O (0 69 P U W 0 0 F- at 0 3 0 0 0 o f '7 Z N N N 7 Z 0 N W CL n O O n cq N O O N 0 W M w GOO 0) N O� N (o O O (0 69 69 W Q1 M cM N V M — (O h 6% E<3 6N9 6R ONOrooN N GD o co � N � r(14 O O (Oo (l 00 69 co M M M N — In r to r N oil vi 69 GO LO O GOD ONO O OOD N O 0�00� Drn� 0 � � r (D (O M f61).- �-- O 64 O O 69 C6 cNi V U) - N (; 69 6H 64 69 69 coCl) Cl) 0 I- N v N R 000 O O 64 0 M (o (00 GD 0 ( N_ n 0 (Mo (p . 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Tr eh p � o n LO p Z a) U N � N (D p Q O i J m LL A amiICS - O O a0 V- O } F= V N (� a (� LO N L U L cco G U U t. Tr STAFF REPORT ITEM NO. U TO: Honorable Mayor and Members of the City Council FROM: Shannon Yauchzee, CEO Lourdes Morales, Chief Deputy City Clerk "V DATE: November 14, 2018 SUBJECT: Approve and Adopt Resolution No. 2018-303, Casting a Vote for Councilmember to Serve as Board Member Represent Cities without Pumping Rights on the San Gabriel Basin Water Quality Authority SUMMARY This report seeks City Council selection of a nominee and subsequently approval of Resolution No. 2018-303 which will cast its vote for a Council to serve as the Board Member representing cities without pumping rights on the San Gabriel Basin Water Quality Authority (Water Quality Authority). RECOMMENDATION Staff recommends the City Council cast its vote for Valerie Munoz and adopt Resolution No. 2018-303, which will select such Nominee to serve as the Board Member representing cities without pumping rights on the San Gabriel Basin Water Quality Authority. FISCAL IMPACT There is no fiscal impact associated with this item. BACKGROUND The San Gabriel Basin Water Quality Authority's mission is to coordinate, plan and implement groundwater quality management programs to efficiently remediate groundwater contamination and assist in preventing future contamination. The Water Quality Authority's Board includes one Board Member representing cities without pumping rights. On October 15, 2018, the City Council approved Resolution No. 2018-297, which nominated La Puente Mayor/Councilmember Valerie Munoz as a Board Member candidate for a Board and Ms. Munoz is recognized as a candidate. The Water Quality Authority presented the List of Nominations for which one Board Member may be voted for. This Resolution will officially cast the vote of the City of Baldwin Park and shall be submitted to the San Gabriel Basin Water Quality Authority. Upon submission of all votes cast by participating cities, the election will be held on December 19, 2018. ALTERNATIVES The City Council may: 1.) Select to cast their vote for one of the following nominees: A. Margaret Clerk B. Juli Costanzo 2.) Choose to take no action and effectively surrender its voting rights. LEGAL REVIEW Legal Review is not required for this item. ATTACHMENTS 1. Resolution No. 2018-303 2. Letter Regarding Election for WQA Board Member 3. Letter from Margaret "Maggie" Clark Attachment 1 Resolution 2018-303 RESOLUTION NO. 2018-300 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, CALIFORNIA, CASTING ITS VOTE(S) FOR COUNCILMEMBER TO REPRESENT CITIES WITHOUT PRESCRIPTIVE PUMPING RIGHTS ON THE BOARD OF THE SAN GABRIEL BASIN WATER QUALITY AUTHORITY WHEREAS, on September 22, 1992, Senate Bill 1679 was signed into law by Governor Pete Wilson authorizing the creation of the San Gabriel Basin Water Quality Authority; and WHEREAS, the Board of the San Gabriel Basin Water Quality Authority is composed of seven members with three appointed members from each of the three municipal water districts, one elected city council person from cities in the San Gabriel Basin with prescriptive pumping rights, and one elected city council person from cities in the San Gabriel Basin without prescriptive pumping rights, and two appointed members representing water producers; and WHEREAS, the City of Baldwin Park is one of the cities in the San Gabriel Basin without prescriptive pumping rights; and WHEREAS, the City of Baldwin Park may cast its vote(s) for a representative by resolution and delivered to the San Gabriel Basin Water Quality Authority no later than December 18, 2018 at 12:00 p.m. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE AND ORDER AS FOLLOWS: Section 1. The City Council of the City of Baldwin Park casts its full vote(s) for Councilmember Valerie Munoz as the representative for cities in the San Gabriel Basin without prescriptive pumping rights. PASSED, APPROVED, AND ADOPTED this 14"' day of November, 2018. MANUEL LOZANO MAYOR ATTEST: STATE OF CALIFORNIA COUNTY OF LOS ANGELES SS: CITY OF BALDWIN PARK I, ALEJANDRA AVILA, City Clerk of the City of Baldwin Park do hereby certify that the foregoing Resolution No. 2018-303 was duly adopted by the City Council of the City of Baldwin Park at a regular meeting thereof held on November 14, 2018 and that the same was adopted by the following vote to wit: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ABSTAIN: COUNCIL MEMBERS: ALEJANDA AVILA CITY CLERK Attachment 2 Letter from SGBWQA San Gabriel Basin Water Quality Authority AAff 1720W. Cameron Avenue, Suite 100, West Covina, CA 91790 • 626-338-5555 • Fax 626-338-5775 NOV --g 2018 5� rie a ADMINISTRATION CITY COUNCIL October 30, 2018 RE: ELECTION FOR WOA BOARD MEMBER AND ALTERNATE REPRESENTING CITIES WITHOUT WATER PUMPING RIGHTS Dear City Manager: The nomination period for the election of the WQA board member and alternate representing cities without water pumping rights was closed on October 19, 2018 at 5:00 p.m. Enclosed is an election ballot, a sample resolution, a list of nominees, and a list of cities without pumping rights and the number of votes each is entitled. Each city may cast their votes for of the listed nominees in the form of a resolution. Our office hours are Monday through Friday 8:00 a.m. to 12:00 p.m. and 1:00 p.m. to 5:00 p.m. Votes will be officially counted during the Water Quality Authority's regular meeting on December 19, 2018 at 12:00 p.m. Each city has one vote for each 10,000 residents or majority thereof, as determined by the 2010 U.S. census data. The enclosed ballot indicates the number of votes your city may cast. Please note that a city must cast all of their votes to only one candidate and cannot split their votes. Please also note that a city is not limited to voting for its own city council members and that a city may vote in an election whether or not it nominated a candidate. If you should have any questions, please contact me at (626) 338-5555 or by email at Stephanie&a yAa.com SinceJ'ore(no---- Stepp San Gabriel Basin Water Quality Authority Stephanie(a ma.com Enclosures EXHIBIT "B-2" ELECTION OF CITY MEMBERS AND ALTERNATES FROM CITIES WITHOUT PUMPING RIGHTS TO THE BOARD OF THE SAN GABRIEL BASIN WATER QUALITY AUTHORITY PURSUANT TO SB 1679 CITY: BALDWIN PARK NUMBER OF VOTES TO BE CAST: 8 TO THE CITY COUNCIL: The following candidates have been duly nominated by qualified cities for the office of city member and alternate of the Board of the San Gabriel Basin Water Quality Authority ("the Authority") from cities without pumping rights. The election of the city member and alternate will take place at an adjourned meeting of the Board of the Authority set for December 19, 2018, at 12:00 p.m., at 1720 W. Cameron Ave., Suite 100, West Covina, California. Your city may cast its votes for one candidate by resolution of the city council. The number of votes to which your, city is entitled, based upon population, is set forth above. The resolution of the city council casting its votes must be delivered by certified mail, FedEx, UPS with signature required or hand delivered to the Authority by December 18, 2018 at 12:00 A.m. or will not be counted. This Ballot may accompany the resolution of the city council casting its votes for city member and alternate from cities without pumping rights. (SAMPLE RESOLUTION) If you would like an electronic version of this resolution please email Stephanie Moreno to request one at: stephanie(ai,)wga.com A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CALIFORNIA, CASTING ITS VOTE(S) FOR COUNCILMEMBER TO REPRESENT CITIES WITHOUT PRESCRIPTIVE PUMPING RIGHTS ON THE BOARD OF THE SAN GABRIEL BASIN WATER QUALITY AUTHORITY WHEREAS, on September 22, 1992, Senate Bill 1679 was signed into law by Governor Pete Wilson authorizing the creation of the San Gabriel Basin Water Quality Authority; and WHEREAS, the Board of the San Gabriel Basin Water Quality Authority is composed of seven members with three appointed members from each of the three municipal water districts, one elected city council person from cities in the San Gabriel Basin with prescriptive pumping rights, and one elected city council person from cities in the San Gabriel Basin without prescriptive pumping rights, and two appointed members representing water producers; and WHEREAS, the City of is one of the cities in the San Gabriel Basin without prescriptive pumping rights; WHEREAS, the City of may cast its vote(s) for a representative by resolution and delivered to the San Gabriel Basin Water Quality Authority no later than December 18, 2018 at 12:00 p.m. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF , CALIFORNIA DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS: Section 1. The City Council of the City of vote(s) for Councilmember the San Gabriel Basin without prescriptive pumping rights. casts its full as the representative for cities in PASS, APPROVED AND ADOPTED this day of 20 October 19, 2018 ELECTION FOR WQA BOARD MEMBER AND ALTERNATE MEMBER REPRESENTING CITIES WITHOUT PRESCRIPTIVE PUMPING RIGHTS LIST OF NOMINATIONS (In the order in which they were received) N_ Nominated by Margaret Clark City of Rosemead City of Rosemead City of San Dimas City of La Verne City of Bradbury City of Temple City City of Sierra Madre Juli Costanzo City of San Gabriel City San Gabriel Valerie Munoz City of South El Monte City of La Puente City of La Puente Cities without Pumping Rights 2010 U.S. Census Data City 2010 Population # of Votes Baldwin Park 75,390 8 Bradbury 1,048 1 Duarte 21,321 2 La Puente 39,816 4 La Verne 31,063 3 Rosemead 53,764 5 San Dimas 33,371 3 San Gabriel 39,718 4 San Marino 13,147 1 Sierra Madre 10,917 1 South EI Monte 20,116 2 Temple City 35,558 4 West Covina 106,098 11 Totalvotes 49 S81679, Article 5. Sec. 505 (a) Each City has one vote for each 10,000 residents or majority fraction thereof, as determined by the most recent U. S. decennial census data. Attachment 3 Letter from Margaret "Maggie" Clark MAYOR: STEVEN LY MAYOR PRO TEM: MARGARET CLARK COUNCIL MEMBERS: SANDRA ARMENTA PoLLY Low November 8, 2018 Honorable Mayor and Councilmembers City of Baldwin Park 14403 Pacific Avenue Baldwin Park, CA 91706 City of Wpsemead 8838 E. VALLEY BOULEVARD P.O BOX 399 ROSEMEAD, CALIFORNIA 91770 TELEPHONE (626) 569-2100 FAX (626) 307-9218 Re: Request for Vote to the San Gabriel Basin Water Quality Authority Dear Mayor and Councilmembers: As the nomination period for the election of the San Gabriel Basin Water Quality Authority has closed, I have received the nomination of six cities. I would really appreciate your support with your City's official vote. As you know, I have represented your city and the other cities without pumping rights on the San Gabriel Basin Water Quality Authority which I lobbied to create in 1993 to oversee the cleanup of our groundwater basin Each city casts their vote in the form of a resolution, which must be received by December 18.<6>8. at')12c00:p:m: via hand delivery, certified mail, FedEx, or UPS with signature required. Our projects have removed over 71 tons of contaminants, and there is still work to be done. I feel I can continue to be your voice on these important environmental issues and water is so complex, especially with the extremely expensive stormwater regulations we are facing. I think it is important for our representative to be involved in the multiple issues we face as we build relationships to make a difference. Please feel free to call or email me. My cell is (626) 833-6673 and my email is clarkeeescgyahoo.com. Thanks so much, Margaret "Maggie" Clark Mayor Pro Tem, City of Rosemead Alternate Board Member, San Gabriel Basin Water Quality Authority Enclosure Mayor Pro Tem - Margaret Clark City of Rosemead Margaret Clark has served on the Rosemead City Council since March 1991, including six terms as Mayor. Prior to her election to the City Council she was a Commissioner on the Rosemead Planning and Traffic Commissions. In addition to her council responsibilities, Margaret has been an active leader in national, state and regional organizations and agencies. She was elected by 88 cities to serve as President of the Los Angeles County Division of the League of California Cities and has been a member of the California Contract Cities Association executive board. Margaret also represents the City of Rosemead on the San Gabriel Valley Council of Governments (SGVCOG) and serves as the first Vice President. Well respected for her knowledge of water quality and environmental issues, Mrs. Clark was selected by her colleagues from 29 SGVCOG cities to serve as a founding board member on the San Gabriel and Lower Los Angeles Rivers and Mountain Conservancy. She has served as a board member or alternate of the San Gabriel Basin Water Quality Authority since its establishment in 1992 by legislative action to oversee clean-up of one of the largest Superfund sites in the nation. Margaret's environmental credentials also include membership on the National League of Cities Energy, Environment and Natural Resources Committee as well as numerous other environmental committee assignments. Prior to matriculating from college, Margaret studied in Europe at the University of Bordeaux through the University of California Education Abroad Program. She holds a bachelor's degree and teaching credential from UCLA, where she met her husband Jim. Soon thereafter, they chose Rosemead in which to reside and raise their family. Feel free to send Council Member Clark an e-mail at clarkeeesc@yahoo.com or call her at (626) 833-6673. STAFF REPORT ITEM NO. TO: Honorable Mayor and Members f the City Council FROM: Shannon Yauchzee, CEO DATE: November 14, 2018 SUBJECT: Introduction of an Ordinance to Regulate Sidewalk Vending in Response to State Law SB946 (Lara) Sidewalk Vending SUMMARY This report requests that the City Council introduce an ordinance to regulate sidewalk vending. If the City does not adopt an ordinance then sidewalk vending becomes legal on January 1, 2019 and would not be regulated by the City. RECOMMENDATION Staff recommends that the City Introduce for first reading, by title only and waive further reading, Ordinance 1431, entitled, "AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK REGULATING THE BUSINESS OF SIDEWALK VENDING AS DEFINED BY STATE LAW. FISCAL IMPACT There may be a small increase in business license fees and fines, however this will be offset by the costs to regulate the businesses. The impacts to local businesses and the economy are unknown at this time. BACKGROUND This new State Law (law) will prohibit a local authority, as defined, from regulating sidewalk vendors, except in accordance with the provisions of the law. The law provides that a local authority is not required to adopt a new program to regulate sidewalk vendors if the local authority has established an existing program that substantially complies with the provisions of the law. The law requires a local authority that elects to adopt a sidewalk vending program to, among other things, not require a sidewalk vendor to operate within specific parts of the public right-of-way, except when that restriction is directly related to objective health, safety, or welfare concerns, and not restrict sidewalk vendors to operate only in a designated neighborhood or area, except as specified. The law would authorize a local authority to, by ordinance or resolution, adopt additional requirements regulating the time, place, and manner of sidewalk vending, as specified, if the requirements are directly related to objective health, safety, or welfare concerns. The law would also authorize a local authority to prohibit sidewalk vendors in areas located within the immediate vicinity of a permitted certified farmers' market and a permitted swap meet, as specified, and to restrict or prohibit sidewalk vendors within the immediate vicinity of an area designated for a temporary special permit issued by the local authority, as specified. A violation would be punishable only by an administrative fine, as specified, pursuant to an ability -to -pay determination, and proceeds would be deposited in the treasury of the local authority. The law would require the dismissal of any criminal prosecutions under any local ordinance or resolution regulating or prohibiting sidewalk vendors that have not reached final judgment. The law would also authorize a person who is currently serving, or who completed, a sentence, or who is subject to a fine, for a conviction of a misdemeanor or infraction for sidewalk vending, as specified, to petition for dismissal of the sentence, fine, or conviction. DISCUSSION The new State Law restrict and limits how Cities can regulate such vending and the Cities must adopt an ordinance prior to January 1, 2019. Cities can only base regulations on objective health, safety and welfare concerns. Staff have reviewed the state law and recommend an ordinance that would: • Vendors shall not vend within 25 feet of an intersection, traffic signal or controlled crosswalk. Shall not vend in any area that would block traffic or parking or that would cause vehicles to stop in traffic lanes. Shall not vend or sell to customers in moving operating vehicles. • Shall not vend in a city park or facility when an exclusive agreement is in place with the City and a food vendor. • Shall not vend in a park or City facility between the hours of 10 pm and 7 am. Shall not vend in driveways, parking lots or any area that would block traffic or parking or cause traffic to back and be delayed. • Shall not vend in any Residential Zoned areas except for roaming sidewalk vendors, vending from the sidewalk and not blocking traffic or parking spaces nor vending to customers in moving operating vehicles. Roaming vendors shall keep moving and shall not be stationary except as necessary to complete a sale. • Vendors shall at all times hold and display a Los Angeles County Health department permit. Carts shall be returned to an approved commissary each night for servicing cleaning and restocking. • Vendors shall at all times hold and display a City of Baldwin Park business license including a background check and live scan. • Vendors shall maintain sanitary conditions including but not limited to proper disposal of trash and waste. • Vendors shall comply with ADA and shall not block any required ADA path of travel. Vendors that set up on a public sidewalk shall obtain an encroachment permit from Public Works • Vendors shall possess a valid California Department of Tax and Fee Administration seller's permit. • Sidewalk vendors shall submit information on his or her operations, including, but not limited to, any of the following: • (A) The name and current mailing address of the sidewalk vendor. • (B) A description of the merchandise offered for sale or exchange. • (C) A certification by the vendor that to his or her knowledge and belief, the information contained on the form is true. • (D) The California seller's permit number (California Department of Tax and Fee Administration sales tax number), if any, of the sidewalk vendor. • (E) If the sidewalk vendor is an agent of an individual, company, partnership, or corporation, the name and business address of the principal. • Vendors shall not vend within 1000 feet of any City special event, farmers market, street fair concerts, or similar venue; or any Temporary Use Permit such as filming, parades, or outdoor concerts. ALTERNATIVES Should the City Council elect not to introduce and approve an ordinance regulating street vending then the State Law takes effect January 1, 2019 and the City may not prohibit or regulate such vending. LEGAL REVIEW This report has been reviewed and approved by the City Attorney as to legal form and content. ATTACHMENTS 1. Ordinance 1431 2. SB 946 ( Lara) Street Vending 3 Attachment 1 Ordinance 1431 ORDINANCE NO. 1431 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK REGULATING THE BUSINESS OF SIDEWALK VENDING AS DEFINED BY STATE LAW WHEREAS, state law has declared that Sidewalk Vending provides important entrepreneurship and economic development opportunities to low-income and immigrant communities; and WHEREAS, the safety and welfare of the general public are served by adopting a program and regulatory scheme consistent with SB 946 which goes into effect on January 1, 2019; and WHEREAS, Sidewalk Vending contributes to a safe and dynamic public space; and WHEREAS, the safety and welfare of the general public are promoted by prohibiting criminal penalties for violations of sidewalk vending ordinances and regulations. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BALDWIN PARK DOES HEREBY ORDAIN: SECTION 1. That Chapter 122 of the Baldwin Park Municipal Code is hereby amended as follows: CHAPTER 122: STREET VENDORS General Provisions 122.01 Definitions 122.02 Sales from human -powered devices 122.03 Exemptions 122.04 Regulations for sales from vehicles PermitsBusiness License 122.15 Application for operator's permit; contents; required fee 122.16 Application for vendor's permit; contents; required fee 122.17 Investigation of applications 122.18 Issuance 122.19 Denial 1 122.20 Revocation 122.21 Appeals 122.99 Penalty GENERAL PROVISIONS § 122.01 DEFINITIONS For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning. GOODS or SERVICES. This shall include items and products of every kind and description, including all foods, produce, beverage items, merchandise, wares, as well as the provision of any service or labor. HUMAN -POWERED DEVICE. Any device moved by human power including, but not necessarily limited to, any pushcart, wagon, bicycle, tricycle or other wheeled container or conveyance. OPERATOR. Any person or entity owning, operating or otherwise controlling any business involving the vending of goods or services from a vehicle. PARKWAY. That area between the edge of the roadway and the adjacent property line, including sidewalks. PERSON. Any natural person, firm, partnership, association, corporation or other entity of any kind or nature. PUBLIC PROPERTY. Any real property, or interest therein, owned, leased, operated or otherwise controlled by the city other than a street, alley, parkway, or sidewalk. PUBLIC RIGHT-OF-WAY. That portion of land dedicated to the city, in fee, as an easement, or otherwise, for public use for public street purposes which includes, but is not limited to, roadways, parkways, alleys, sidewalks, and all other public ways and paths. "SIDEWALK VENDOR" means a person who sells food or merchandise from a pushcart, stand, display, pedal -driven cart, wagon, showcase, rack, or other nonmotorized conveyance, or from one's person, upon a public sidewalk or other pedestrian path. "ROAMING SIDEWALK VENDOR" means a sidewalk vendor who moves from place to place and stops only to complete a transaction. "STATIONARY SIDEWALK VENDOR" means a sidewalk vendor who vends from a fixed location. VEHICLE. This term shall be defined as in the Vehicle Code of the state and shall include any human -powered device. VEND, VENDING, SELL or SELLING. The sale or offering for sale of any goods or services to the public. VENDOR. Any person who engages in the act of vending from a vehicle or drives or otherwise operates any such vehicle for the purpose of vending therefrom. § 122.02 SALES FROM HUMAN POWERED DEVICES. It is unlawful for any person to sell or offer for sale, or to operate a human powered device or conduct any business for the purpose of causing the sale of or offering for sale, any goods or services from any human -powered device parked, stopped, or standing on any public street, alley, parkway, sidewalk or other public property in the city except as follows: (A) Sidewalk Vendors shall not vend within 25 feet of an intersection, traffic signal, railroad crossing or controlled crosswalk. Sidewalk Vendors shall not vend in any area that would block traffic or parking or that would cause vehicles to stop in traffic lanes. Sidewalk Vendors shall not vend or sell to customers in moving operating vehicles. (B) Shall not vend in a city park or facility when an exclusive agreement is in place with the City and a food vendor. (C) Sidewalk Vendors shall not vend in a park or City facility between the hours of 10 pm and 7 am. Sidewalk Vendors shall not vend in driveways, parking lots or any area that would block traffic or parking or cause traffic to back up and be delayed. (D) Vendors shall not vend in a school zone or within 500 feet of a school during loading and unloading times or at any time when children are present. (E) Sidewalk Vendors shall not vend in any Residential Zoned areas except for roaming sidewalk vendors, vending from the sidewalk and not blocking traffic or parking spaces nor vending to customers in moving operating vehicles. Roaming vendors shall keep moving and shall not be stationary except as necessary to complete a sale. (F) Vendors shall at all times hold and display a Los Angeles County Health Department permit. Carts shall be returned to an approved commissary each night for servicing, cleaning, and restocking. (G) Vendors shall at all times hold and display a City of Baldwin Park business license.. (H) Vendors shall maintain sanitary conditions including but not limited to proper disposal of trash and waste. (I) Vendor shall comply with NPDES regulations and implement BMPs for stormwater runoff draining into municipal storm drains (J) Vendors shall comply with ADA and shall not block any required ADA path of travel. (K) Sidewalk Vendors shall not chain, tie, lock or fasten to any streetlight pole, sign, fire hydrant or any object within the public right-of-way (L) Sidewalk Vendors shall not vend within: a. any designated bicycle or vehicular pathway b. 50ft of bus stop or bus shelter a. 25ft of a fire hydrant d. 25ft of a driveway approach e. 18 -in from curb edge (M) Vendors that set up on a public sidewalk shall obtain an encroachment permit from Public Works. Vendor shall hold permit on premises and make it available at all times. (N) Vendors shall possess a valid California Department of Tax and Fee Administration seller's permit. (0) Sidewalk vendors shall submit information on his or her operations, including, but not limited to, any of the following: (P) The name and current mailing address of the sidewalk vendor. A description of the merchandise offered for sale or exchange. Proof of liability insurance; A Vendor who sells Food, in addition to the requirements of this subdivision, shall certify completion of a food handler course and present a copy of the course completion certificate. A certification by the vendor that to his or her knowledge and belief, the information contained on the form is true. The California seller's permit number (California Department of Tax and Fee Administration sales tax number), if any, of the sidewalk vendor. If the sidewalk vendor is an agent of an individual, company, partnership, or corporation, the name and business address of the principal. (Q) Vendors shall not vend within 1000 feet of any City special event, farmers market, street fair, concert, or similar venue; or any Temporary Use Permit such as filming, parades, or outdoor concerts. (R) Street Vendors shall comply with and provide evidence of compliance to any applicable local, state or federal rules, regulations or laws. § 122.03 EXEMPTIONS The requirements of this chapter shall not apply to the following: (A) Any person delivering any goods or services by vehicle where such goods or services have been ordered in advance for such delivery from any business located at a permanent location and which goods or services are being delivered from such location to the customer by vehicle, regardless of the point of sale thereof. (B) Any person engaged in the vending of goods or services on public property where such person has been authorized by the city to engage in such activity by a permit, lease, real property license, agreement or other entitlements issued by the city for such purpose. (C) Charitable solicitations conducted by or for nonprofit organizations exempt under 26 U.S.C. §501 (c) (3). § 122.04 REGULATIONS FOR SALES FROM VEHICLES It is unlawful for any person to sell or offer for sale, or operate any vehicle or conduct any business for the purpose of causing the sale or for offering for sale, any goods or services from any vehicle parked, stopped or standing upon any public street, alley, parkway, sidewalk or other public property in the city except in accordance with all applicable provisions of the code and in compliance with each of the following requirements: 2 (A) Such vending shall be only by means of a vehicle duly registered and licensed by the state with an unladen weight of less than 6,000 pounds. (B) Such vending shall be limited to public streets only and shall not be permitted upon any alley, parkway, sidewalk, or other public property. (C) Each operator shall possess and at all times display in conspicuous view upon each such vehicle a city business license pursuant to Chapter 110 of this code of ordinances. (D) Each operator shall possess and at all times display in conspicuous view upon such vehicle an unexpired and unrevoked operator's permit issued pursuant to § 122.15. (E) It is unlawful for any vendor to sell or offer for sale any goods or services from any vehicle pursuant to this section unless such person possesses and at all times while conducting such vending maintains upon his or her person an unexpired and unrevoked vendor's permit issued pursuant to § 122.16. (F) It is unlawful for any operator to permit or allow any vendor under such operator's control, direction, charge or employ to vend any goods or services from any vehicle pursuant to this section unless such vendor possesses an unexpired and unrevoked vendor's permit issued pursuant to § 122.16. (G) Each operator causing the sale of or offering for sale any produce or other food item for which a food handling permit or other health permit is required by law shall possess and at all times display such required permit(s) in conspicuous view upon such vehicle. (H) No vending from such vehicle shall be permitted for a period of time in excess of ten minutes in any one location and said vehicle must be moved a distance of not less than 100 feet between consecutive stops at which vending occurs. (I) No vehicle shall be parked, stopped, or left standing in any manner which blocks or impedes vehicular access to any driveway or restricts the free movement of other vehicles upon the public street. (J) No vehicle shall be parked, stopped, or left standing in any manner which blocks or impedes vehicular access to any driveway or restricts the free movement of other vehicles upon the public street. (K) Each vehicle shall be equipped with a trash receptacle of a size adequate to accommodate all trash and refuse generated by such vending. (L) Each vendor shall pick up and deposit in the trash receptacle on the vehicle any paper, cups, wrappers, litter or other refuse of any kind which were a part of the goods or services supplied from the vehicle and which have been left or abandoned within 25 feet of such vehicle on any public property other than in a trash receptacle provided for such purposes. No vendor or operator shall dispose of any trash or refuse in any such public or private trash receptacle other than a trash receptacle owned, operated or otherwise provided by and under the control of such vendor or operator. (M) No vending shall be permitted except after the vehicle has been brought to a complete stop and parked adjacent to the curb in a lawful manner. (N) Any vehicle from which vending occurs pursuant to this section shall have the same name, address and telephone number of the holder of the operator's permit permanently affixed on both the left and right sides of the vehicle. Such information shall be in contrast to the color of the background upon which the letters are placed. 5 (0) No vending shall be permitted by any operator or conducted by any vendor except between the hours of 9:00 am and 8:00 pm of each day. (P) Any use of amplified sound making devices, including vehicle horns, to advertise, draw attention to or to announce the presence of any such vehicle shall comply with the limitations and provisions set forth in § 130.40 et seq. of this code of ordinances. No amplified sound making devices shall be used for such purposed upon any public street immediately contiguous to any residential zone property within the city. Nonamplified sound -making devices shall be permitted for such purposes provided such sounds shall not be made while the vehicle is stopped, parking, or otherwise in a stationary position; and such sounds shall not be audible to a person with normal hearing for a distance of more than 200 feet. (Q) Any operator or vendor using scales or any other weighing or measuring devices shall have all such scales and devices inspected and sealed by the Weights and Measures Division of the Los Angeles County Department of Agriculture. (R) All foods, beverages, utensils and equipment offered for sale or utilized on vending vehicles shall at all times be protected from contamination and pollution by dust, dirt, flies, vermin, rodents, animals, unnecessary handling, droplet infection, overhead leakage, insecticides, rodenticide, cleaning compounds and other poisonous or deleterious substances, and all other forms of contamination. (S) Any ice cream truck shall be equipped at all times, while engaging in vending in a residential area, with signs mounted on the front and rear clearly legible from a distance of 100 feet under daylight conditions, incorporating the words "WARNING" and "CHILDREN CROSSING". Each sign shall be at least 12 inches by 48 inches wide, with letters of a dark color, at least four inches in height, a one -inch wide solid border, and a sharply contrasting background. (T) The driver of the ice cream truck shall be required to place an orange cone at the left rear of the portion of the vehicle after the vehicle has been stopped and parked adjacent to the curb. (U) No ice cream trucks shall be permitted to vend on streets with a speed limit of more than 25 miles per hour. (V) The driver of the ice cream truck shall have an unobstructed view for 200 feet in both directions along the street and of any traffic on the said street. Unless otherwise waived by the city police department and, in addition to other equipment required by law, each food vending vehicle shall be equipped with the following: (1) A convex mirror mounted so that the occupant of the driver's seat can see the area in the front of the truck which is obscured by the vehicle's hood. (2) A back-up alarm audible for a distance of at least 100 feet. (Ord. 1082, passed 5-18-94; Am. Ord. 1265, passed 8-17-05) Penalty, see § 122.99. 2 PERMITSBUSINESS LICENSE § 122.15 APPLICATION FOR OPERATOR'S PERMIT; CONTENTS; REQUIRED FEE. (A) Any person desiring to obtain an operator's permit to conduct or otherwise operate the business of vending goods or services pursuant to this section shall submit an application to the Business License Official/Finance Department. The application shall be accompanied by a non-refundable application fee in such amount established by resolution of the City Council. Any such permit shall be required to be renewed annually and a separate nonrefundable application fee paid yearly for the renewal application. (B) Each applicant for an operator's permit shall furnish the following information and documentation as part of or in conjunction with such application: (1) The present or proposed address from which the business is to be conducted. (2) The full true name under which the business will be conducted. (3) The full true name and any other names used by the applicant. (4) The present residence and business addresses and telephone numbers of the applicant. (5) A description of the goods or merchandise which the business will vend. (6) The number of vehicles to be owned, operated or controlled by the applicant and the makes, body styles, years, serial and engine numbers, state license plate numbers, and names and addresses of the registered and/or legal owners of each vehicle. (7) A description of the logo, color scheme, insignia, and any other distinguishing characteristics of applicant's vehicles. (8) A certificate of insurance or other additional proof as may be required by the City Attorney or Risk Manager showing evidence of a public liability and property damage insurance policy for vehicle liability coverage protecting the operator from all claims for damage to property or bodily injury including death, which may arise from the operation of vehicles under the permit or in connection therewith. The insurance shall provide coverage of not less than $100,000 for bodily injury for each person, $300,000 per occurrence and property damage coverage of $50,000 per occurrence. The insurance shall provide that the policy shall not terminate or be cancelled without 30 days advance written notice to the city. (9) The full true names and residence addresses of all persons employed or intended to be employed or with whom the applicant has contracted or intends to contract as drivers and/or vendors and the respective capacities in which they will be employed including the California driver's license numbers of all persons who will be employed or engaged as drivers of vehicles in conjunction with such business. The applicant, if an individual; or each of the directors, officers or stockholders holding more than 5% of the stock of the corporation; or each of the partners including limited partners, or profit interest holders, managers or other persons 7 principally in charge of the operation of the existing or proposed business shall also furnish the following information: (a) California driver's license or social security numbers of the above described natural persons. (b) Dates of birth of the above described natural persons. (c) The permit histories of the above described natural persons for the three-year period immediately preceding the date of the filing of the application, including whether such persons, in previously operating in this or any other city, county, state, or territory, have ever had any similar license or permit, or franchise revoked or suspended, and if so, the circumstances of such suspension or revocation. (d) All criminal convictions including pleas of guilty or nolo contendere, suffered by the above-described natural persons, including code and ordinance violations, but excepting minor traffic offenses (any traffic offense designated as a felony shall not be construed as a minor traffic offense), stating the date, place, nature and sentence of each such conviction. (10) The applicant, if other than an individual, shall also furnish the following information: (a) Each business address of the applicant for the three-year period immediately preceding the date of the application and the inclusive dates of each business. (b) The nature of the business or firm for the three-year period immediately preceding the date of the application. (c) The permit history of the applicant for the three-year period immediately preceding the date of the filing of the application, including whether such applicant, in previously operating in this or any other city, county, state or territory, has ever had any similar license or permit, or franchise revoked or suspended and, if so, the circumstances of such suspension or revocation. (d) All criminal convictions, including pleas of guilty or nolo contendere, suffered by the applicant including ordinance violations, stating the date, place, nature, and sentence of each conviction. (11) Such other identification and/or information as the Business License Official/Finance Department may require in order to discover the truth of the matters required to be set forth in the application. § 122.16 APPLICATION FOR VENDOR'S PERMIT; CONTENT; REQUIRED FEE (A) Any person desiring to obtain a vendor's permit to engage in the vending of goods or services, pursuant to this section shall submit an application to Business License Official/Finance Department. 8 (B) The application shall be accompanied by a nonrefundable application fee in such amount as established by resolution of the City Council. Any such permit shall be required to be renewed annually and a separate nonrefundable application fee paid yearly for the renewal application. (C) Each applicant for a vendor's permit, or an operator or applicant for an operator's permit on behalf of the proposed vendor, shall furnish the following information and documentation as part of or in conjunction with the application: (1) The present of proposed address from which the business is to be conducted. (2) The full true name under which the business will be conducted. (3) The full true name and any other names used by the applicant. (4) The present residence address and telephone number of the applicant. (5) California driver's license number of the applicant. (6) Acceptable written proof that the applicant is at least 18 years of age. (7) The applicant's height, weight, color of eyes and hair, and date of birth. (8) The business, occupation or employment history of the applicant for the three-year period immediately preceding the date of the application. (9) The permit history of the applicant, for the three-year period immediately preceding the date of the filing of the application, including whether such applicant, in previously operating in this or any other city, county, state or territory, has ever had any similar license or permit, or franchise revoked or suspended, and if so, the circumstances of the suspension or revocation. (10) All criminal convictions, including pleas of guilty or nolo contendere, suffered by the applicant, including ordinance violations, and traffic offenses. (11) Written proof satisfactory to the City Attorney or Risk Manager that the applicant is insured under the policy of insurance required for such business pursuant to § 122.15 (H). (12) Such other identification and/or information as the City Clerk may require in order to discover the truth of the matters required to be set forth in the application. (13) When any change occurs regarding the written information required by divisions (c) (1) through (12) of this section prior to issuance of the permitibusiness license, the applicant shall give written notification of the change to the City Clerk within two weeks after such change. (14) If the applicant is an individual who intends to own, operate and drive his or her own vehicle, it is not necessary to pay a fee for the vendor's permit application separate from the fee paid for the operator's permit application. (Ord. 1082, passed 5-18-94) § 122.17 INVESTIGATION OF APPLICATIONS The Business License/Finance Department shall investigate all applications for operators permits and vendors permits made pursuant to this chapter, and shall within 30 days after 0 the date of the filing of the application, render a written decision as to approval or denial of the application for the permit based upon the criteria set forth in § 122.18. (Ord. 1082, passed 5-18-94) § 122.18 ISSUANCE The Business License/Finance Department shall grant the vendor's permit or operator's permit only if he or she finds that all of the following requirements have been met: (A) The required fees have been paid. (B) The application conforms in all respects to the provisions of this chapter. (C) The applicant has not made a material misrepresentation of fact in the application. (D) The applicant has not had a similar permit denied or revoked by the city within a period of one year prior to the date of such application. (E) (1) The applicant if an individual; or any of the directors, officers or stockholders holding more than 5% of the stock of the corporation; or any of the partners, including limited partners, or profit interest holder, manager or other person principally in charge of the operation of the existing or proposed business of vending from a vehicle or a natural person employed or contracted with to be a driver or vendor, has not been convicted or pleaded nolo contendere or guilty within a five years prior to his application for a permit to a misdemeanor or felony crime of moral turpitude or drug-related misdemeanor or felony crime, including, but not limited to, the following: (a) The sale of a controlled substance specified in Cal. Health & Safety Code § 11054 through 11058. (b) The sale, distribution or display of harmful or obscene matter. (c) Indecent exposure. (d) In the case of applications for a vendor's permit by a person who will be a driver of a vehicle pursuant to this section, alcohol or drug-related traffic offenses. (2) The investigating city employee is specifically authorized to obtain state summary criminal history record information as provided for in Cal. Penal Code § 11105. Any complaint about the charges listed in division (1) above pending before a court of law shall cause the application to be considered pending until adjudication of the complaint. (ord. 1082, passed 5-18-94) 10 § 122.19 DENIAL (A) If the Business License Official/Finance Department does not find that all of the requirements set forth in § 122.15, 122.16 or 122.17, as applicable have been met, he or she shall deny the application for the vendor's or operator's permit. In the event the application for the permit is denied by the Business License Official/Finance Department, written notice of the denial shall be given to the applicant specifying the ground or grounds of such denial. Notice of denial of the application for the permit shall be deemed to have been served upon the date it is personally served on the applicant or when deposited in the United States mail with postage prepaid and addressed to the applicant at his or her residence address as set forth in the application for the permit. (B) Any applicant whose application for a vendor's or operator's permit has been denied by the Business License Official/Finance Department may appeal such denial to City Council by filing a written notice of appeal with the City Clerk or designee within ten days following the date of service of the decision and payment of the appeal fee prescribed by resolution of the City Council. The date of filing of the notice of appeal shall be the date the notice and the appeal fee are received by the City Clerk or designee. (C) No person or entity whose permit is finally denied shall be eligible to apply for a new permit for a period of one year following the final denial. (Ord. 1082, passed 5-18-94) § 122.20 REVOCATION Any vendor's or operator's permit may be revoked by the City Clerk or designee for good cause shown, including but not necessarily limited to any of the following reasons: (A) Falsification of any information supplied by the permittee upon which issuance of a permit was based. (B) Conviction of a violation, or pleas of guilty or nolo contendere, by a permittee of any crime occurring while such person was engaged in conducting vending operations from a vehicle, whether within or outside the city, involving moral turpitude, or the possession or sale of any controlled substance specified in Cal. Health & Safety Code § 11054 through 11058, or the violation of any provision of Cal. Penal Code Title 9, Part 1, Chapters 1, 5, 7.5, 7.6 or 8, or an alcohol or drug-related offense in the case of a vendor's permit held by a person who is a driver of a vehicle operated pursuant to this section. (C) Exercise of the permit in a manner contrary to the public peace, health, safety or general welfare. (D) No such revocation shall become effective until the expiration of the appeal period specified in this section. Notification of the permit holder shall be made either by personal delivery or by certified or registered mail, return receipt requested, addressed to the permit holder at such permit holder's residence address as set forth on the application for a permit. Service shall be deemed made on the permit holder on the date personally delivered or on the date of the mailing. A permit holder may appeal the revocation to the City Council by filing a 11 written notice of appeal with the City Clerk or designee within ten days following the date of service if the decision and payment of the appeal fee as prescribed by resolution of the City Council. The date of filing of the notice of appeal shall be the date the notice and appeal fee are received by the City Clerk or designee. If a timely appeal is filed, the revocation shall be stayed pending the decision of the City Council. Otherwise, the revocation shall be effective after the expiration of the appeal period. (E) No person or entity whose permit is revoked shall be eligible to apply for a new permit for a period of one year following the revocation. (ord. 1082, passed 5-18-94) § 122.21 APPEALS Upon receipt of a timely appeal, the City Council shall hear such appeal within 20 days following the date of the appeal and shall give the appellant not less than five days advance notice of the date of the hearing. The decisions of the City Council shall be based upon the same notice of the date of the hearing. The decision of the City Council shall be based upon the same criteria as set forth in this section which is applicable to the issuance or revocation of the permit. The appellant shall be notified of the decision of the City Council by mailed, written notice. The decision of the City Council shall be final. No revocation of a permit pursuant to this section shall be deemed effective during the pendency of a timely filed appeal until the date of mailing of the City Council's decision; provided, however, no permit holder shall operate during any period of time in which the insurance coverage required by this section is not in full force and effect. (Ord. 1082, passed 5-18-94) § 122.99 PENALTY A violation of the sidewalk vending program that compiles with Government Code section 51308 is punishable by only the following: (A) An administrative fine not exceeding one hundred ($100) for a first violation. (B) An administrative fine not exceeding two hundred dollars ($200) for the second violation within one year of the first violation. (C) An administrative fine not exceeding five hundred dollars ($500) for each additional violation within one year of the first violation. 2. The City may rescind a permit issued to a sidewalk vendor for the term of that permit upon the fourth violation or subsequent violations. The City may confiscate and/or impound goods and/or vehicle where said goods are being sold without the proper licenses required by this chapter. 12 Section 2.The Chief Executive Officer or its designee is authorized to take action as may be necessary to implement this ordinance. Section 3. The Mayor or presiding officer of the City of Baldwin Park City Council is hereby authorized to affix his/her signature to this Ordinance signifying its adoption by the City Council of the City of Baldwin Park. Section 4. The City Clerk of the City of Baldwin Park shall certify to the adoption of this Ordinance and cause the same to be posted and/or published as required by law. Section 5. This Ordinance shall go into effect and be in full force and operation from and after thirty (30) days from the date of its final passage and adoption. Section 6. If any chapter, section, subsection, subdivision, paragraph, sentence, clause or phrase, or portion of this Ordinance, or the application thereof to any person, is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance or its application to other persons. The City Council hereby declares that it would have adopted this Ordinance and each chapter, section, subsection, subdivision, paragraph, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more sections, subsections, subdivisions, sentences, clauses, phrases, or portions of the application thereof to any person, be declared invalid or unconstitutional. PASSED AND APPROVED ON of 2018 MANUEL LOZANO, MAYOR STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss: CITY OF BALDWIN PARK ) I, Alejandra Avila, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing ordinance was regularly introduced and placed upon its first reading at a regular meeting of the City Council on , 2018. That thereafter said Ordinance No. 1431 was duly approved and adopted at a regular meeting of the City Council on by the following vote: AYES: Councilmember: NOES: Councilmember: ABSENT: Councilmember: 13 ABSTAIN: Councilmember: Alejandra Avila City Clerk 14 Attachment 2 BILL TEXT THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. (a) The Legislature finds and declares all of the following: (1) Sidewalk vending provides important entrepreneurship and economic development opportunities to low-income and immigrant communities. (2) Sidewalk vending increases access to desired goods, such as culturally significant food and merchandise. (3) Sidewalk vending contributes to a safe and dynamic public space. (4) The safety and welfare of the general public is promoted by encouraging local authorities to support and properly regulate sidewalk vending. (5) The safety and welfare of the general public is promoted by prohibiting criminal penalties for violations of sidewalk vending ordinances and regulations. (6) This act applies to any city, county, or city and county, including a charter city. The criminalization of small business entrepreneurs, and the challenges that those entrepreneurs face as a result of a criminal record, are matters of statewide concern. Further, unnecessary barriers have been erected blocking aspiring entrepreneurs from accessing the formal economy, harming California's economy in the process, and disrupting the regulation of business, which is a matter of statewide concern. Moreover, California has an interest in the regulation of traffic, a matter of statewide concern, whether in ensuring the appropriate flow of traffic or in ensuring the safety of pedestrians on the road or the sidewalk. (b) It is the intent of the Legislature to promote entrepreneurship and support immigrant and low-income communities. SEC. 2. Chapter 6.2 (commencing with Section 51036) is added to Part 1 of Division 1 of Title 5 of the Government Code, to read: CHAPTER 6.2. Sidewalk Vendors 51036. For purposes of this chapter, the following definitions apply: (a) "Sidewalk vendor" means a person who sells food or merchandise from a pushcart, stand, display, pedal - driven cart, wagon, showcase, rack, or other nonmotorized conveyance, or from one's person, upon a public sidewalk or other pedestrian path. (b) "Roaming sidewalk vendor" means a sidewalk vendor who moves from place to place and stops only to complete a transaction. (c) "Stationary sidewalk vendor" means a sidewalk vendor who vends from a fixed location. (d) "Local authority" means a chartered or general law city, county, or city and county. 51037. (a) A local authority shall not regulate sidewalk vendors except in accordance with Sections 51038 and 51039. (b) Nothing in this chapter shall be construed to affect the applicability of Part 7 (commencing with Section 113700) of Division 104 of the Health and Safety Code to a sidewalk vendor who sells food. (c) Nothing in this chapter shall be construed to require a local authority to adopt a new program to regulate sidewalk vendors if the local authority has established an existing program that substantially complies with the requirements in this chapter. 51038. the person alleged to have violated any of those provisions shall not be subject to arrest except when permitted under law. (2) Notwithstanding any other law, paragraph (1) shall apply to all pending criminal prosecutions under any local ordinance or resolution regulating or prohibiting sidewalk vendors. Any of those criminal prosecutions that have not reached final judgment shall be dismissed. (e) A local authority that has not adopted rules or regulations by ordinance or resolution that comply with Section 51037 shall not cite, fine, or prosecute a sidewalk vendor for a violation of any rule or regulation that is inconsistent with the standards described in subdivision (b) Section 51038. (f) (1) When assessing an administrative fine pursuant to subdivision (a), the adjudicator shall take into consideration the person's ability to pay the fine. The local authority shall provide the person with notice of his or her right to request an ability -to -pay determination and shall make available instructions or other materials for requesting an ability -to -pay determination. The person may request an ability -to -pay determination at adjudication or while the judgment remains unpaid, including when a case is delinquent or has been referred to a comprehensive collection program. (2) If the person meets the criteria described in subdivision (a) or (b) of Section 68632, the local authority shall accept, in full satisfaction, 20 percent of the administrative fine imposed pursuant to subdivision (a). (3) The local authority may allow the person to complete community service in lieu of paying the total administrative fine, may waive the administrative fine, or may offer an alternative disposition. (g) (1) A person who is currently serving, or who completed, a sentence, or who is subject to a fine, for a conviction of a misdemeanor or infraction for sidewalk vending, whether by trial or by open or negotiated plea, who would not have been guilty of that offense under the act that added this section had that act been in effect at the time of the offense, may petition for dismissal of the sentence, fine, or conviction before the trial court that entered the judgment of conviction in his or her case. (2) Upon receiving a petition under paragraph (1), the court shall presume the petitioner satisfies the criteria in paragraph (1) unless the party opposing the petition proves by clear and convincing evidence that the petitioner does not satisfy the criteria. If the petitioner satisfies the criteria in paragraph (1), the court shall grant the petition to dismiss the sentence or fine, if applicable, and dismiss and seal the conviction, because the sentence, fine, and conviction are legally invalid. (3) Unless requested by the petitioner, no hearing is necessary to grant or deny a petition filed under paragraph (1). (4) If the court that originally sentenced or imposed a fine on the petitioner is not available, the presiding judge shall designate another judge to rule on the petition. (5) Nothing in this subdivision is intended to diminish or abrogate any rights or remedies otherwise available to the petitioner. (6) Nothing in this subdivision or related provisions is intended to diminish or abrogate the finality of judgments in any case not falling within the purview of this chapter. SEC. 3. The Legislature finds and declares that Section 2 of this act, which adds Section 51038 to the Government Code, imposes a limitation on the public's right of access to the meetings of public bodies or the writings of public officials and agencies within the meaning of Section 3 of Article I of the California Constitution. Pursuant to that constitutional provision, the Legislature makes the following findings to demonstrate the interest protected by this limitation and the need for protecting that interest: The Legislature finds and declares that in order to protect the privacy of a sidewalk vendor with regard to his or her California driver's license or identification number, individual taxpayer identification number, or municipal identification number, when that number is collected in lieu of a social security number for purposes of the issuance of a permit or business license, it is necessary that the sidewalk vendor's number be confidential, except as provided in this act. ITEM NO. TO: Honorable Chair and Board Members of the Successor Agency to the Dissolved Community Development Commission of The City of Baldwin Park ,� l FROM: Rose Tam, Director of Finance IV DATE: November 14 2018 SUBJECT: Successor Agency To The Dissolved Community Development Commission of the City Of Baldwin Park Warrants and Demands SUMMARY Attached is the Warrants and Demands Registers for the Successor Agency to the Dissolved community Development Commission of The City of Baldwin to be ratified by the City Council. RECOMMENDATION Staff recommends that the Board ratify the attached Warrants and Demands Registers. FISCAL IMPACT The total of the attached Warrants Register for Successor Agency of the City of Baldwin Park is $2,495.21. BACKGROUND The attached Claims and Demands report format meets the required information as set out in the California Government Code. Staff has reviewed the requests for expenditures for the appropriate budgetary approval and for the authorization from the department head or its designee. Pursuant to Section 37208 of the California Government Code, the Chief Executive Officer or his/her designee does hereby certify to the accuracy of the demands hereinafter referred. Payments released since the previous meeting and the following is a summary of the payment released: 1. The September 25 to November 5, 2018 Successor Agency Warrant with check numbers from 13540 through 13541 in the total amount of $2,495.21 were made on behalf of Successor Agency of the City of Baldwin Park constituting of claim and demand against the Successor Agency of the City of Baldwin Park, are herewith presented to the City Council as required by law, and hereby ratified. LEGAL REVIEW Not Applicable ATTACHMENT 1. Check Register Attachment 1 Check Register City of Baldwin Park, CA Vendor Number Vendor Name Bank Code: SA -SUCCESSOR AGENCY 08704 WILLDAN 01228 HDL, COREN & CONE Payment Type Regular Checks Manual Checks Voided Checks Bank Drafts EFT's Payment Date Payment Type 10/11/2018 Regular 10/29/2018 Regular Bank Code SA Summary Payable Payment Count Count Discount 2 2 0.00 0 0 0.00 0 0 0.00 0 0 0.00 0 0 0.00 2 2 0.00 Check Report By Check Number Date Range: 09/25/2018 - 11/05/2018 Discount Amount Payment Amount Number 0.00 1,750.00 13540 0.00 745.21 13541 Payment 2,495.21 0.00 0.00 0.00 0.00 2,495.21 11/1/2018 7:08:11 PM Page 1 of 2 Check Report Date Range: 09/25/2018 -11/05/2018 11/1/2018 7:08:11 PM Page 2 of 2 All Bank Codes Check Summary Payable Payment Payment Type Count Count Discount Payment Regular Checks 2 2 0.00 2,495.21 Manual Checks 0 0 0.00 0.00 Voided Checks 0 0 0.00 0.00 Bank Drafts 0 0 0.00 0.00 EFT's 0 0 0.00 0.00 ...... .... ._.................................._...........................................__............................_.............................................................................. 2 2 0.00 2,495.21 Fund Summary Fund Name Period Amount 990 SUCCESOR AGENCY POOL 10/2018 2,495.21 2,495.21 Date Range: 09/25/2018 -11/05/2018 11/1/2018 7:08:11 PM Page 2 of 2 ITEM NO. _ 5,4-9 TO: Honorable Chair and Board Members of the Successor Agency to the Dissolved Community Development Commission of the City of Baldwin Park FROM: Rose Tam, Director of Finance/ DATE: November 14, 2018 1� SUBJECT: Treasurer's Report - September 2018 SUMMARY Attached is the Treasurer's Report for the month of September 2018. The Treasurer's Report lists all cash for the City which includes the Baldwin Park Financing Authority, the Housing Authority, and the Successor Agency to the Community Development Commission (CDC). All investments are in compliance with the City's Investment Policy and the California Government Code. RECOMMENDATION Staff recommends that Council receive and file the Treasurer's Report for September 2018. FISCAL IMPACT None BACKGROUND City of Baldwin Park Investment Policy requires the Treasurer's Report be submitted to the Mayor and City Council on a monthly basis. LEGAL REVIEW Not Applicable ATTACHMENT 1. Exhibit "A", Treasurer's Report r� Exhibit "A" Treasurers Report CITY OF BALDWIN PARK TREASURER'S REPORT 9!3012018 INVESTMENT INTEREST PURCHASE MATURITY PAR CURRENT BOOK MARKET DESCRIPTION RATE DATE DATE VALUE PRINCIPAL VALUE VALUE State of California Local Agency Investment Fund(LLA1F) City -Including General Fund b all other Special Revenue Funds 2.06% Varies Varies $ 24,919,830.46 $ 24,919,630.46 $ 24,919,830.46 i 24,919,830.46 Housing Amity 2.06% Varies Varies 13,415.82 13,415.82 13,415.82 13,416.82 24,933,246.28 24,933,248.28 24,933,246.28 24,933,246.28 Certificate of Deposit Citibank National Association (Mutual Securities) 1.80% 1/25/2018 1/25/2019 250,000.00 250,000.00 250,0110.00 249,710.00 American Express Centurion (Mutual Securities) 1.60% 4/12/2017 4/12/2019 250,000.00 250,000.00 260,000.00 249,180.00 EverbankJacksonviik (Mutual Securities) 1.55% 4/16/2017 4/16/2019 250,000.00 260,000.00 250,000.00 249,077.50 Goldman Sachs Bk USA NY (Mutual Securities) 2.25% 1/24/2018 1/24/2020 260,000.00 250,000.00 250,000.00 248,722.50 Sallie Mae Sk SLT Lake City UT (Mutual Securities) 2.25% 1/24/2018 1/24/2020 260,000.00 250,000.00 250,000.00 248,722.50 Safe National Bank New York (Cantella) 2.00% 4/16/2018 4/15/2019 250,000.00' 250,000.00 250,000.00 249,672.50 Morgan Stanley Bank N A Utah (Cantella) 2.64% 4/19/2018 4/20/2020 260,000.00 250,000.00 250,000.00 249,675.00 1,750,000.00 1,760,000.00 11750,000.00 1,744,760.00 US Treasury Bill (UBS) 2.07% 3/29/2018 3/24/2019 1,000,000.00 1,000,000.00 1,000,000.00 988,600.00 Fiscal Agent Funds (Trust/Debt Service Fund) Varies Varies Varies 0.00 0.00 0.00 0.00 Fiscal Agent Funds • Successor Agency (Trust/Debt Service Fund, Varies Varies Varies 9,967.45 9,967.45 9,967.45 9,967.45 9,967.45 9,967.46 9,987.45 9,967.45 i 27 693 213.73 $ 27,697,213.73 $ 27,676,573.73 27,693,213.73 S Total investments $ 27,693,213.73 Cash with Burk of the West City Checking 1,810,204.06 Money Market Plus 132,482.73 City Miscellaneous Cash 53,758.88 Successor Agency 502,491.87 Housing Authority 270,676.48 Fkranchtg Authority 1,718.08 kwestment Brokerage 59.44 Total Cash with Bank of the West 2,771,292.66 Total Cash and InvesUnuKs $ 30,464,508.29 Schedule of Cash and Investments Includes city-wide assets as included in the Comprehensive Annual Financial Report • There was 4Investments that matured In September 2018. No purchase transactions were made for the month of September 2018 and several deposits/withdrawals were made through the Local Agency Investment Fund. In compliance with the California Government Code Section 53646 at seq., l hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy. Approved by: JY7 G) Rose Tam \ Director of Finance ITEM NO. TO: Honorable Mayor and Members of the City Council FROM: Benjamin Martinez, Community Development Director DATE: November 14, 2018 SUBJECT: Zoning Code Amendment No. AZC-186, an Amendment to the City Of Baldwin Park Municipal Code Chapter 153 Sections 153.040.020, 153.120.350, 153.150.100, and 153.220.050 relating to Accessory Dwelling Units SUMMARY Baldwin Park Municipal Code BPMC Title VI, Land Usage, Chapter 153, Zoning Code, establishes land use and development regulations governing the establishment of residential second units in the R-1, R -G, and R-3 zoning districts in accordance with Government Code Section 65852.2. On January 1, 2017 certain amendments adopted by the state legislature went into effect changing Government Code Section 65852.2 (Government Code) to expand the ability of homeowners to create second units in zones in which they are authorized by local ordinance. The amended Government Code renames "second dwelling units" to "accessory dwelling units," requires that accessory dwelling units be approved through a ministerial process, and establishes new development regulations governing accessory dwelling units. The term "accessory dwelling unit" (ADU), refers to a second separate residence located on a property which has an existing primary residential structure on the same property. The Government Code allows for an ADU to be constructed as a new separate unit either attached to or detached from the primary residential structure, as a separate unit within the walls of an existing primary residential structure, as a separate unit within the walls of an existing accessory structure on a lot, such as a garage conversion, or as a separate unit attached to an accessory structure on a lot. Government Code Section 65852.2 deems null and void any existing local ordinance not in conformance with the statute; however, local jurisdictions may amend their zoning ordinance to incorporate additional provisions applicable to the creation of an ADU as long as the provisions are consistent with the statutory limitations contained within the Government Code. Until a compliant local ordinance is adopted, the City would be required to approve an application for a proposed ADU pursuant to the ADU regulations established in the Government Code. RECOMMENDATION Staff recommends the City Council open the public hearing, receive public testimony, and following discussion by the City Council, introduce Ordinance 1430: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, CALIFORNIA AMENDING THE BALDWIN PARK MUNICIPAL CODE, TITLE XV, LAND USAGE, CHAPTER, 153, ZONING CODE, SECTIONS 153.040.020, 153.120.350, AND 153.150.100, AND 153.220.050 RELATING TO ACCESSORY DWELLING UNITS — ZONING CODE AMENDMENT CASE NUMBER AZC 186. FISCAL IMPACT There is no fiscal impact associated with this item. CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) The proposed code amendment is exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15061(b)(3) of the CEQA Guidelines in that it consists of a code amendment, which does not have the potential for causing a significant effect on the environment. BACKGROUND On August 22, 2018, the Planning Commission opened the public hearing for Zoning Code Amendment No. AZC-186 relating to ADUs. The Commission continued the public hearing to the Planning Commission meeting on September 26, 2018 in order to address the City Council's concerns regarding traffic impacts and public/fire safety as identified by the City Council at their August 15, 2018 study session on AZC-186 and as discussed by the Planning Commission on August 22, 2018. On September 26, 2018 the Planning Commission conducted a continued public hearing on Zoning Code Amendment AZC-186, reviewed additional language incorporated into Draft Ordinance 1430 to limit the creation of ADUs in certain instances where impacts on traffic flow and public safety would occur as discussed in the September 26, 2018 staff report included as Attachment 4. At the September 26, 2018 Planning Commission public hearing concerns were expressed by residents regarding the proposed language in Draft Ordinance 1430 which would restrict the construction of a new ADU to lots with a minimum area of 8,000 square feet with a maximum allowable area for the ADU of 600 square feet. In response to public comments, the Planning Commission continued the public hearing to October 24, 2018 with direction to staff to evaluate alternative lot size and unit size regulations which would consider the various lot size conditions in the City and be more in keeping with the pre-existing Zoning Code regulations for second residential dwelling units. In response, Draft Ordinance 1430 was revised to allow for a sliding scale of lot size and allowable unit size for newly constructed ADUs as described in the table below. The modified language below is consistent with the requirements of Government Code Section 65852.2 which specifies a limitation on additional area for a newly constructed ADU attached to a primary dwelling unit of 50% of the existing living area of the dwelling up to a maximum of 1200 square feet. The Government Code does not specify the same limitation on a newly constructed detached ADU. D. Lot and unit size requirements. The following lot and unit size regulations apply. 1 _ For all newly constructed acresscry dwelling units_ Lot Size in Maximum Allowable ADU Maximum Allowable ADU Square Feet /Attached to Existing Single / Detached from Existing Family Dwelling Single Family Dwelling 5,000 or less 50% of living area of existing 600 sf dwelling up to 600 sf 5,001 - 8,000 50% of living area of existing 1,000 sf dwelling up to 1,000 sf 8,001 and 50% of living area of existing 1,200 sf over I dwelling up to 1,200 sf At the October 24, 2018 Planning Commission hearing additional comments were received from the public regarding the requirement that the owner of the property on which an ADU is created also occupy either the ADU or the primary single family dwelling on the property. Concern was expressed that in the case of a property held in a trust, the property owners are listed either as the settlor, trustee and/or co -trustee and title would no longer be held in the name of a single person. At the October 24, 2018 Planning Commission hearing the Planning Commission adopted Resolution PC No. 18-18, included as Attachment 2, subject to the inclusion of additional language to be developed by staff to address the above issue. Per Planning Commission direction staff proposes the following additional language be included in Draft Ordinance 1430: C. Occupancy and Sale Restrictions. 1. The owner of the property on which an accessory dwelling unit is constructed shall reside within the primary or accessory dwelling unit. Where a property is held in a trust, occupancy by either the settlor, trustee, co -trustee, or any beneficiary of the trust shall be considered owner occupancy. ALTERNATIVES Should the City Council elect not to introduce and approve an ordinance regulating accessory dwelling units, the City would be required to approve an application for a proposed ADU pursuant to the ADU regulations established in Government Code Section 65852.2. LEGAL REVIEW This report has been reviewed and approved by the City Attorney as to legal form and content. ATTACHMENTS 1. Ordinance 1430 2. Planning Commission Resolution PC No. 18-18 3. Planning Commission Staff Report, October 24, 2018 4. Planning Commission Staff Report with Attachments, September 26, 2018 5. Planning Commission Staff Report, August 22, 2018 6. Proof of Publication ATTACHMENT #1 ORDINANCE 1430 ORDINANCE NO. 1430 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, CALIFORNIA AMENDING THE BALDWIN PARK MUNICIPAL CODE, TITLE XV, LAND USAGE, CHAPTER, 153, ZONING CODE, SECTIONS 153.040.020, 153.120.350, AND 153.150.100, AND 153.220.050 RELATING TO ACCESSORY DWELLING UNITS — ZONING CODE AMENDMENT CASE NUMBER AZC 186 WHEREAS, Baldwin Park Municipal Code Title VI, Land Usage, Chapter 153, Zoning Code, implements the City's General Plan, establishing land use and development regulations in the City, which includes regulations governing the establishment of residential second units in the R-1, R -G, and R-3 zoning districts in accordance with Government Code Section 65852.2. WHEREAS, on January 1, 2017 certain amendments to Section 65852.2 and new regulations in Section 65852.22 of the California Government Code went into effect replacing Government Code regulations for residential second units with new regulations requiring cities to permit "accessory dwelling units," subject to ministerial approval and allowing cities to adopt by ordinance land use regulations designating allowable zones and development standards for "accessory dwelling units." WHEREAS, the City finds it necessary to amend the Zoning Code to regulate the location and development of "accessory dwelling units" within the City; WHEREAS, pursuant to California Government Code Section 65854, the Planning Commission duly noticed and agendized a public hearing and conducted the public hearing at on this matter on August 22, 2018, continued the public hearing to the regularly scheduled meeting of September 26, 2018, and further continued the public hearing to October 24, 2018 and adopted Planning Commission Resolution 18-18 recommending that the City Council approve Zoning Code Amendment Case Number AZC 186 and adopt Ordinance No 1430; and WHEREAS, the City Council held a duly noticed public hearing on Zoning Code Amendment No. AZC 186 to consider adoption of Ordinance No. 1430 on September 5, 2018 at which time it continued the public hearing to the regularly scheduled meeting of October 3, 2018; and WHEREAS, the City Council held a duly noticed public hearing on Zoning Code Amendment No. AZC 186 to consider adoption of Ordinance No. 1430 on November 14, 2018 at which time it considered all evidence presented, both written and oral. NOW, THEREFORE, the City Council of the City of Baldwin Park does hereby ordain as follows: SECTION 1. The foregoing recitations are hereby adopted by the City Council as findings. Based on those findings, the City Council determines the public health, safety and general welfare of the City of Baldwin Park, its residents and property owners can benefit by amending the Baldwin Park Municipal Code (BPMC) to allow accessory dwelling units with development standards, and it is in the best interest of the community to amend the BPMC accordingly. SECTION 2. Based on the foregoing findings and determinations, Baldwin Park Municipal Code Title XV, Land Usage, Chapter 153, Zoning Code, Subchapter 153.040, "Residential Zones," Section 153.040.020, "Use Regulations Table 153.040.020," "Permitted and Conditionally Permitted Uses within Residential Zones," is amended and enacted as follows: Page 12 g� \ s Accessory Dwelling -Units P P P P 153.120 Part 11 Accessory Dwelling Units — junior F P = = 153.120 Part 11 Accessory Structures P P P P 153.040.070 Adult Day Care Facilities CUP CUP CUP CUP Boardinghouses -- -- -- -- Child Day Care Homes — Large Family P P P P 153.120 Part 6 Child Day Care Homes — Small Family P P P P Condominiums -- -- P P See Chapter 153.210, Part 2 — Design Review Dwellings, Duplex -- -- P P See Chapter 153.210, Part 2 — Design Review Dwellings, Multi -Family -- -- P P See Chapter 153.210, Part 2 — Design Review Dwellings, Single -Family P P P P See Chapter 153.210, Part 2 — Design Review Educational Institutions, private -- CUP CUP CUP 153.040.030 Educational Institutions, public P P P P Home Occupations 1 A A A A 153.120 Part 8 Hospitals -- -- CUP CUP 153.040.030 Mobile Homes P P P P Mobile Home Parks CUP CUP CUP CUP 153.040 Part 4 Off -Street Parking Facilities CUP CUP CUP CUP 153.150.040, 153.150.050, Page 12 Parking Lots (associated with nonresidential use) CUP CUP CUP CUP 153.160.050 Places of Assembly -- CUP CUP CUP 153.040.030 Recreational Facilities CUP CUP CUP CUP Residential Care Homes (6 or fewer residents) P P P P Residential Care Facilities CUP CUP CUP CUP 153.040.030 T -1_ -Hing Units_ A -A 1 C2 1 70 12art 11 SECTION 3. Based on the foregoing findings and determinations, Baldwin Park Municipal Code Title XV, Land Usage, Chapter 153, Zoning Code, Subchapter 153.040 "Residential Zones," Section 153.220.050 "D" "Definitions," is amended and enacted as follows: DWELLING UNIT. Any building or portion thereof designed for living and sleeping purposes that contains independent cooking and sanitation facilities. DUPLEX DWELLING UNIT. A building containing two dwelling units designed for the independent occupancy of two households. MULTIPLE -FAMILY DWELLING UNIT. A building or portion thereof containing three or more dwelling units designed for the independent occupancy of three or more households. PRIMARY DWELLING UNIT. An existing single-family residential structure on a single lot with provisions for living, sleeping, eating, a single kitchen for cooking, and sanitation facilities occupied. ,�,,�� ^ �.cc,l„i,A DWELLING UNIT�n afit#ached or detaGhed�Cl"H• unit whirah provide Gemplete1 , 1 sleeping, eating, GGeking and sanitation OR the same paFGel as an eVICtInA rluiellinn unit is situated SINGLE-FAMILY DWELLING UNIT. A detached building containing no more than one dwelling unit which, regardless of form of ownership, is designed and/or uses to house not more than one household, including all domestic employees for such household. SECTION 4. Based on the foregoing findings and determinations, Baldwin Park Municipal Code Title XV, Land Usage, Chapter 153, Zoning Code, Subchapter 153.120, "Standards for Specific Land Uses and Activities, Part 11. Second Dwelling Units" is rescinded and replaced in its entirety as follows: PART 11- Accessory Dwelling Units Section 153.120.350 — Intent and Purpose These regulations are provided pursuant to Government Code §§65852.2, and 65852.2, and 65852.22 regulate the establishment and use of accessory dwelling units and to establish standards to regulate the placement and design of accessory dwelling units in compliance with the Government Code. In addition to compliance with all other applicable statutes, ordinances and regulations, the regulations of Section 153.120.360, Page 13 "Use Regulations and Development Standards," shall apply to all accessory dwelling units. Section 153.120.360 - Use Regulations and Development Standards A. Applicability. Accessory dwelling units shall be permitted as a matter of right, without any required discretionary review or permit, in conjunction with any existing single-family dwelling unit in the R-1 7,500, R-1, R -G and R-3 zones. A maximum of one accessory dwelling unit may be permitted on a residential lot containing no more than one existing single family dwelling unit. An accessory dwelling unit shall not be permitted on any residential lot which is the subject of any pending written notice(s) of code violations or enforcement actions by the city. Due to the potential impact to traffic flow and public safety, areas deemed unsuitable for the development of accessory dwelling units include the following and are not permitted for creation of an accessory dwelling unit: 1. A lot which fronts a substandard street. 2. A lot located within 300 feet of a school bus stop. 3. A lot located on a street with permit parking restrictions. B. Definitions. For purposes of this section the following terms and phases shall be defined as described herein: "Accessory dwelling unit" shall mean either: 1. A newly constructed dwelling unit, as that term is defined in this section, which is either detached from or attached to a primary single family dwelling unit and located on a lot with no more than one existing single-family dwelling unit; or 2. A separate dwelling unit created within the existing living area of a primary single-family dwelling unit (as that term is defined in BPMC 153.220.010) or within the existing walls of an existing accessory structure (as that term is defined in this section), that is no more than 50% of the area of the primary single family dwelling unit with a maximum of 600 square feet containing no more than one bedroom, on a lot with no more than one single-family dwelling and which provides complete independent living facilities for one or more persons including permanent provisions for a separate entrance, and separate living, sleeping, eating, cooking, and sanitation facilities; 3. Accessory dwelling units may include an efficiency unit as defined in Section 17958.1 of Health and Safety Code or a manufactured home as defined in Section 18007 of the Health and Safety Code. "Accessory dwelling unit -junior" shall mean a unit that is no more than 500 square feet in size, created entirely within the existing living area of a primary Page 14 single-family dwelling unit as that term is defined in BPMC 153.220.010 located on a lot with no more than one single-family dwelling, and which incorporates an existing bedroom. A junior accessory dwelling unit shall be provided with a separate exterior entrance and shall provide interior entry to the accessory dwelling unit from the main living area of the primary residential structure. Junior accessory dwelling units may share sanitation facilities with the existing single- family structure. Junior accessory dwelling units shall provide cooking facilities which include at a minimum: (1) a sink with a maximum waste line diameter of 1.5 inches, (2) a cooking facility with appliances that do not require electrical service greater than 120 volts or natural or propane gas, (3) a food preparation counter, and (4) storage cabinets that are of reasonable size in relation to the size of the junior accessory dwelling unit. "Accessory structure" shall mean an existing detached structure with a roof such as a garage, pool house, or carriage house located on the same lot as a single- family dwelling unit. Accessory structure shall not include an attached garage. "Newly constructed" means the construction of new walls and roofs, either attached to an existing single-family dwelling unit or existing accessory structure, or detached from an existing single-family dwelling unit on a lot. "Public Transit" means a system of large-scale public transportation in a given metropolitan area, typically comprising buses, subways, and elevated trains. "Substandard Street" For the purposes of allowing/disallowing Accessory Dwelling Units, means a public or private street with a width of 30 feet or less measured from the faces of the curbs, thus unable to accommodate street parking and/or passage for through traffic and emergency services. "Tandem parking" means two or more automobiles parked on a driveway, or in any other parking location on a lot, lined up behind one another. B. Allowable density applies. The accessory dwelling unit shall not be calculated as part of the allowable density for the lot upon which it is located, unless and until, additional dwelling units are constructed on the same lot upon which the primary single-family dwelling unit and the accessory dwelling unit are located, in which case the accessory dwelling unit shall be calculated as part of the allowable density. C. Occupancy and Sale Restrictions. 1. The owner of the property on which an accessory dwelling unit is constructed shall reside within the primary or accessory dwelling unit. Where a property is held in a trust, occupancy by either the settlor, trustee, co -trustee, or any beneficiary of the trust shall be considered owner occupancy. The accessory dwelling unit may not be sold separately from the primary single- family dwelling on the lot. A deed restriction, in a form approved by the City Page 15 Attorney, shall be recorded by the applicant to run with the land to assure compliance with the above restrictions and shall be enforceable against future purchasers. 2. The accessory dwelling unit may be rented. The rental of an accessory dwelling unit shall be for a period of no less than 30 days. If the unit is rented, the property owner shall obtain a business license. D. Lot and unit size requirements. The following lot and unit size regulations apply. 1. For all newly constructed accessory dwelling units. Lot Size in Maximum Allowable Maximum Allowable ADU / Square Feet ADU /Attached to Detached from Existing Existing Single Family Single Family Dwelling Dwelling 5,000 or less 50% of living area of 600 sf existing dwelling up to 600 sf 5,001 - 8,000 50% of living area of 1,000 sf existing dwelling up to 1,000 sf 8,001 and over 50% of living area of 1,200 sf existing dwelling up to 1,200 sf 2. For accessory dwelling unit constructed within existing walls of a single family dwelling or an accessory structure. a. No minimum lot size requirement applies to accessory dwelling units constructed within the walls of the existing living area of a primary existing single family dwelling unit or within the existing walls of an accessory structure, as that term is defined in this section. b. An area equal to 50% of the existing living area up to a maximum of 600 square feet may be constructed as an accessory dwelling unit within the existing walls of a primary single family dwelling unit. A maximum area of 600 square feet may be constructed as an ADU within the existing walls of an existing accessory structure. E. Location. Each newly constructed detached accessory dwelling unit shall be located within the rear 50 percent of the lot. Each newly constructed attached dwelling unit shall be located to the rear of the front elevation of the existing single family dwelling unit. F. Minimum development standards apply. Each newly constructed accessory unit shall meet all minimum development standards for the zoning district in Page 16 which it is located, and as required in this section including, but not limited to, setbacks, lot coverage and distance from animal -keeping areas. For any newly constructed accessory dwelling unit constructed above a, garage a minimum setback of 5' is required from the side and rear property line. If any development standard in this section varies from that provided for the zoning district in which the accessory dwelling unit is located, the development standard of in this section shall prevail. G. Building code. The accessory dwelling unit shall meet all building code requirements. H. Maximum height. Each newly constructed detached or attached accessory dwelling unit shall be limited in height to one story, with a maximum height not to exceed 15 feet at peak of roof or 12 feet for a flat -roofed structure and the roof style and pitch shall match the existing single family structure. Each newly constructed accessory dwelling unit constructed above an existing garage or carport shall not exceed a maximum height of 27 feet and the roof style and pitch shall match the existing single family structure. For an accessory dwelling unit attached to the existing primary single-family unit, the height shall not exceed the height of the existing structure, and the roof pitch shall match the existing structure. I. Parking. One parking space shall be provided for the accessory dwelling unit, in addition to any other parking required for the primary unit. An existing garage, carport or other form of covered parking demolished as part of the construction of an accessory dwelling unit shall be replaced. Parking may be configured as tandem parking or be located within the rear setback area of a lot. Replacement of covered parking demolished as part of the creation of an accessory dwelling unit may be provided with a mechanical automobile lift provided the highest point of the auto when lifted remains below the lowest roofline on the property. 2. Parking for the accessory dwelling unit and/or replacement parking is not required when any accessory dwelling unit is located: a. Within Y2 mile of public transit; or b. Within an architecturally and historically significant historic district; or c. Within an existing accessory structure; or d. In an area where on -street parking permits are required but not offered to the occupant of the accessory dwelling unit; or e. In an area where a car share vehicle is located within 1 block of the accessory dwelling unit. Page 17 3. Each standard surface parking space shall have a minimum width of 10 feet, unless it is adjacent to a structure, such as a fence or wall, and then shall have a minimum width of 10 feet 6 inches; shall have a minimum length of 20 feet; be located so that an automobile is not required to back onto a public street; and maintain at least 24 feet of backup space directly behind each parking space. 4. Each parallel surface parking space shall have a minimum width of 10 feet and a minimum length of 23 feet. 5. Each enclosed garage parking space shall have a minimum width of 10 feet and a minimum length of 20 feet. J. Vehicular Access. The accessory dwelling unit shall utilize the same vehicular access that serves the existing main dwelling unit, unless the accessory dwelling unit has access from an alley contiguous to the lot. K. Similar architectural features. A newly constructed accessory dwelling unit shall incorporate the same or similar architectural features, building materials and color as the primary dwelling unit on the property. These features shall include, but are not limited to, roofing material, roof design, fascia, exterior building finish, color, exterior doors and windows including, but not limited to, ratios of window dimensions (e.g., width to height) and window area to wall area, garage door and architectural enhancements. L. Mechanical Equipment. All new mechanical equipment associated with a newly constructed accessory dwelling unit shall be located on the ground no less than three feet from the side and rear property lines. Any existing equipment located on the roof or exterior walls of the existing single-family dwelling unit or accessory structure shall be provided with a decorative screen to shield such equipment from view and shall be placed at least six inches below the top of the lowest building parapet or decorative screen. No plumbing line shall be placed upon the exterior wall of a structure unless such line is enclosed or otherwise screened from view. M. Permit Requirements. The following permit requirements shall apply to all accessory dwelling units in the city: 1. Accessory dwelling units and junior accessory dwelling units created within the existing living area of a primary single-family dwelling or within the existing walls of an existing accessory structure shall be subject to approval of a building permit with no further review by the Community Development Director; provided, that the proposed accessory dwelling unit has independent exterior access and the side and rear setbacks are sufficient for fire safety. 2. Newly constructed detached or attached accessory dwelling units shall be subject to ministerial review of an application submitted to the Community Development Department containing the following information: Page 18 a. A fully dimensioned site plan containing the following information: i. Name and address of the applicant and of all persons owning any or all of the subject property. ii. Evidence that the applicant is the owner of the property involved or has written permission of owner or owners to make such application. iii. Address and assessor parcel number(s) of subject property. iv. Property dimensions and square footage of the subject property. v. The use, location and size of all existing buildings and structures on the property and the proposed accessory dwelling unit, yards, driveways, access and parking areas, landscaping, walls or fences, and other similar features. b. A fully dimensioned floor plan of the existing residence and the proposed accessory dwelling unit. c. A roof plan for all existing and proposed structures. d. A set of fully dimensioned building elevations of all sides of all existing structures on the property and the proposed accessory dwelling unit. SECTION 5. Based on the foregoing findings and determinations, Baldwin Park Municipal Code Title XV, Land Usage, Chapter 153, Zoning Code, Subchapter 153.150, "Off -Street Parking and Loading," Section 153.150.100, "Parking Lot and Structure Design Standards" is amended and enacted as follows: D. Tandem parking prohibited. Each parking space shall be accessible without requiring the movement of another vehicle. Except as provided for in Section 153.120.360.(1), tandem parking arrangements are specifically prohibited. SECTION 6. CEQA. City Council approval of Zoning Code Amendment Case Number AZC 186 and adoption of Ordinance No. 1430 are not subject to the California Environmental Quality Act (CEQA) pursuant to Article 5, Section 15060(c)(2), which determines a project is not subject to CEQA if "the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment" and 15060(c)(3) "the activity is not a project as defined in Section 15378." The proposed amendment does not meet the criteria defined in Section 15378. Furthermore, the proposed amendment is exempt from the review for exemption pursuant to Section Article 5, 15061(b)(3), "The activity is covered by the general rule that CEQA applies only to projects which have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA." SECTION 7. If any section, subsection, subdivision, sentence, clause, phrase or portion of this Ordinance, is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it Page 19 would have adopted this Ordinance and each section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more sections, subsections, subdivisions, sentences, clauses, phrases, or portions thereof be declared invalid or unconstitutional. SECTION 8. To the extent the provisions of the Baldwin Park Municipal Code as amended by this Ordinance are substantially the same as the provisions of that Code as they read immediately prior to the adoption of this Ordinance, then those provisions shall be construed as continuations of the earlier provisions and not as new enactments. SECTION 9. This ordinance shall be effective and be in full force and operation from and after thirty (30) days after its final reading and adoption. MANUEL LOZANO, MAYOR ATTEST: ALEJANDRA AVILA, CITY CLERK STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) ss: CITY OF BALDWIN PARK I, ALEJANDRA AVILA, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing ordinance was regularly introduced and placed upon its first reading at a regular meeting of the City Council on November 14, 2018. Thereafter, said Ordinance No. 1430: Signatures on the following page Page 1 10 AYES: COUNCILMEMBER: NOES: COUNCILMEMBER: ABSENT: COUNCILMEMBER: ABSTAIN: COUNCILMEMBER: ALEJANDRA AVILA, CITY CLERK Page 111 ATTACHMENT #2 PLANNING COMMISSION RESOLUTION PC NO. 18-18 RESOLUTION PC 18-18 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF BALDWIN PARK RECOMMENDING THAT THE CITY COUNCIL AMEND CHAPTER 153, ZONING CODE, SECTIONS 153.040.020, 153.120.350, 153.150.100, AND 153.220.050 OF THE CITY'S MUNICIPAL CODE RELATING TO ACCESSORY DWELLING UNITS (LOCATION: CITYWIDE; APPLICANT: CITY OF BALDWIN PARK; CASE NUMBER: AZC-186) THE PLANNING COMMISSION OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That the Planning Commission of the City of Baldwin Park does hereby find, determine and declare as follows: (a) That the City of Baldwin Park (hereinafter "Applicant") heretofore filed an application for an amendment to the City's Municipal Code relating to accessory dwelling rAts in accordance with State Law; and (b) That the Planning Commission conducted a duly noticed hearing upon said matter, and based upon the evidence presented, it was determined that the public interest, necessity, convenience and general welfare require the approval of the amendments to the Municipal Code; and (c) Each fact set forth in the staff report dated September 26, 2018 and October 24, 2018 from Luis Rodriguez Interim Community Development Director, to the Chair and Planning Commissioners ("Staff Report") is true and correct. SECTION 2. City Council approval of Zoning Code Amendment Case Number AZC 186 and adoption of Ordinance No. 1429 are not subject to the California Environmental Quality Act (CEQA) pursuant to Article 5, Section 15060(c)(2), which determines a project is not subject to CEQA if "the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment" and 15060(c)(3) "the activity is not a project as defined in Section 15378." The proposed amendment does not meet the criteria defined in Section 15378. Furthermore, the proposed amendment is exempt from the review for exemption pursuant to Section Article 5, 15061(b)(3), "The activity is covered by the general rule that CEQA applies only to projects which have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA;" AZC-186 October 24, 2018 Paae 2 SECTION 3. That the Municipal Code should be amended as identified in the ordinance attached to the Planning Commission staff report (AZC-186) dated October 24, 2018 and on file with the Secretary of the Planning Commission. SECTION 4. That the Planning Commission recommends that the City Council approve the proposed language relating to the City's Municipal Code. SECTION 5. The Secretary shall certify to the adoption of this Resolution and shall forward a copy hereof to the City Clerk. PASSED AND APPROVED on the 24th day of October, 2018. KEVIN ROONEY, CHAIR BALDWIN PARK PLANNING COMMISSION ATTEST: LUIS RODRIGUEZ, SECRETARY BALDWIN PARK PLANNING COMMISSION STATE OF CALIFORNIA COUNTY OF LOS ANGELES SS. CITY OF BALDWIN PARK I, LUIS RODRIGUEZ, Secretary of the Baldwin Park Planning Commission, do hereby certify that the foregoing Resolution No. PC 18-18 was duly and regularly approved and adopted by the Planning Commission at a regular meeting thereof, held on the 24th day of October, 2018 by the following vote: AYES: COMMISSIONERS: NOES: COMMISSIONERS: ABSTAIN: COMMISSIONERS: ABSENT: COMMISSIONERS: LUIS RODRIGUEZ, BALDWIN PARK PLANNING COMMISSION PC Reso 18-18 revised 10-24-18 ATTACHMENT #3 PLANNING COMMISSION STAFF REPORT, OCTOBER 24, 2018 CITY OF BALDWIN PARK STAFF REPORT TO: Honorable Chair and Planning Commissioners FROM: Luis Rodriguez, Interim Community Development Director PREPARED BY: Patricia Garcia, Interim Associate Planner N DATE: October 24, 2018 SUBJECT: CONTINUED FROM SEPTEMBER 26, 2018. ZONING CODE AMENDMENT NO. AZC-186, AN AMENDMENT TO THE CITY OF BALDWIN PARK MUNICIPAL CODE CHAPTER 153 SECTIONS 153.040.020, 153.120.350, 153.150.100, AND 153.220.050 RELATING TO ACCESSORY DWELLING UNITS BACKGROUND/DI SCUSSION On August 22, 2018, the Planning Commission opened the public hearing for Zoning Code Amendment No. AZC-186 relating to Accessory Dwelling Units, herein after referred to as ADU's. The Commission voted to continue the public hearing to the Planning Commission meeting on September 26, 2018 in order to address the City Council's concerns regarding traffic impacts and public/fire safety as identified by the City Council at their August 15, 2018 study session on AZC-186 and as discussed by the Planning Commission on August 22, 2918. On September 26, 2018 the Planning Commission conducted a continued public hearing on Zoning Code Amendment AZC-186 and reviewed additional language incorporated into Draft Ordinance 1429 to limit the creation of ADUs in certain instances where impacts on traffic flow and public safety would occur as discussed in the September 26, 2018 staff report included as Attachment 3. At the September 26, 2018 Planning Commission public hearing concerns were expressed by residents regarding the proposed language in Draft Ordinance 1429 which would restrict the construction of a new ADU to lots with a minimum area of 8,000 square feet with a maximum allowable area for the ADU of 600 square feet. In response to public comments, the Planning Commission continued the public hearing to October 24, 2018 with direction to staff to evaluate alternative lot size and unit size regulations which would consider the various lot size conditions in the City and be more in keeping with the pre-existing Zoning Code regulations for second residential dwelling units. In response, staff has proposed modified language for Draft Ordinance 1429 allowing for a sliding scale of lot size and allowable unit size for newly constructed ADUs as described below. The modified language below is consistent with the requirements of Government Code Section 65852.2 which specifies a limitation on additional area for a newly constructed ADU when attached to a primary dwelling unit of 50% of the existing living area of AZC-186 October 24, 2018 Page 2 of 2 the dwelling up to a maximum of 1200 square feet. The Government Code does not specify the same limitation on a newly constructed detached ADU. 1. For all newly constructed accessory dwelling units. Lot Size in Maximum Allowable ADU /Attached Maximum Allowable Square Feet to Existing Single Family Dwelling ADU / Detached from Existing Single Family Dwelling 5,000 or less 50% of living area of existing dwelling 600 sf up to 600 sf 5,001 -8,000 50% of living area of existing dwelling 1,000 sf u to 1,000 sf 8,001 and 50% of living area of existing dwelling 1,200 sf over up to 1,200 sf Staff has included language in Draft Ordinance 1429 to address the various lot size conditions in the city and provide for reasonable regulations to allow for the new construction of an ADU in each condition while maintaining compliance with Government Code Section 65852.2. LEGAL REVIEW This report has been reviewed and approved by the City Attorney's Office as to legal form and content. RECOMMENDATION Staff recommends that the Planning Commission adopt Resolution PC 18-18 entitled, "A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF BALDWIN PARK RECOMMENDING THAT THE CITY COUNCIL APPROVE ZONING CODE AMENDMENT NO. AZC-186, AMENDING CHAPTER 153, ZONING CODE, SECTIONS 153.040.020, 153.120.350, 153.150.100, AND 153.220.050 OF THE CITY'S MUNICIPAL CODE RELATING TO ACCESSORY DWELLING UNITS (LOCATION: CITYWIDE; APPLICANT: CITY OF BALDWIN PARK; CASE NUMBER: AZC-186)" ATTACHMENTS: #1, Resolution PC 18-18 revised #2, Draft Ordinance 1429 #3, Staff Report with Attachments dated September 26, 2018 PC Staff Report 10.24.18. rev2 ATTACHMENT #4 PLANNING COMMISSION STAFF REPORT WITH ATTACHMENTS, SEPTEMBER 26, 2018 CITY OF BALD WIN PARK STAFF REPOR T TO: Honorable Chair and Planning Commissioners FROM: Luis Rodriguez, Interim Community Development Director /"- PREPARED BY: Abraham Tellez, Associate Planner DATE: September 26, 2018 SUBJECT: CONTINUED FROM AUGUST 22, 2018. ZONING CODE AMENDMENT NO. AZC-186, AN AMENDMENT TO THE CITY OF, BALDWIN PARK MUNICIPAL CODE CHAPTER 153 SECTIONS 153.040.020, 153.120.350, 153.150.100, AND 153.220.050 RELATING TO ACCESSORY DWELLING UNITS BACKGROUND/DISCUSSION On August 22, 2018, the Planning Commission heard staffs report and opened the public hearing (See Staff Report Attachment #4) for a Zoning Code Amendment relating to Accessory Dwelling Units, herein after referred to as ADU's. The Commission voted to continue the project to the Planning Commission meeting on September 26, 2018 in order to address the.City Council's concerns regarding traffic impacts and public/fire safety. In order to continue working on the City Council's request, staff also recommended that the City Council continue the item from their September 5, 2018 meeting to their regular meeting on October 3, 2018. In response to the City Council's concerns, which were also discussed at the Planning Commission meeting on August 22, 2018, City staff and the City's consultant worked on a solution to address traffic and public safety. As a result, staff modified the draft ordinance to include language that would disqualify a lot from having an ADU if it fronts a substandard street, if it is located within 300 feet of a school bus stop, and if it is located on a street with permit parking restrictions. Staff also created a definition for "Substandard Street" to be applicable only for ADU's. The definition is added to the draft ordinance and reads as follows: "Substandard Street - For the purposes of allowing/disallowing Accessory Dwelling Units, means a public or private street with a width of 30 feet or less measured from the faces of the curbs, thus unable to accommodate street parking and/or passage for through traffic and emergency services. " As directed, staff identified and compiled a list of those streets that are less than 30 feet wide when measured from curb face to curb face and that would meet the definition of a substandard street (See Substandard Street List Attachment #3). AZC-186 September 26, 2018 Pape 2 of 2 With the proposed changes to the draft ordinance and the identification of substandard streets, staff is of the opinion that the ordinance addresses the City Council's and Planning Commission's concerns with regards to traffic impacts and public safety. LEGAL REVIEW This report has been reviewed and approved by the City Attorney's Office as to legal form and content. RECOMMENDATION Staff recommends that the Planning Commission adopt Resolution PC 18-18 entitled, "A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF BALDWIN PARK RECOMMENDING THAT THE CITY COUNCIL APPROVE ZONING CODE AMENDMENT NO. AZC-186, AMENDING CHAPTER 153, ZONING CODE, SECTIONS 153.040.020, 153.120.350, 153.150.100, AND 153.220.050 OF THE CITY'S MUNICIPAL CODE RELATING TO ACCESSORY DWELLING UNITS (LOCATION: CITYWIDE; APPLICANT: CITY OF BALDWIN PARK; CASE NUMBER: AZC-186)" ATTACHMENTS: #1, Resolution PC 18-18 revised #2, Draft Ordinance 1429 #3, Substandard Street List #4, Staff Report with Attachments dated August 22, 2018 G:IABRAHAIMOrdinanees%ADIMZC-788 Ord 1429 PC Staff Report 9-26-18.doc STREET NAME FROM TO CLASSIFICATION WIDTH LANES ALTALAKE Av CLARK ST END (N) Local 30 2 ALTALAKE Av CLARK ST END (N) Local 30 2 ALVINE Ln CUL-DE-SAC MILLBURY AV Local 30 2 ANADA St STEWART AV BENHAM AV Local 30 2 ANADA St LA RICA AV CUL-DE-SAC Local 30 2 ANNISTON Av LA SENA AV NUBIA ST Local 30 2 ARDILLA Av HOWELLHURST DR SWANEE LN Local 30 2 ARDILLA Av SWANEE LN CHETNEY DR Local 30 2 ARDILLA Av CLYDEWOOD ST STOCKDALE ST Local 20 2 ARDILLA Av CHANNING ST SIERRA WY Local 20 2 ARDILLA Av SIERRA WY CLYDEWOOD ST Local 20 2 ARDILLA Av STOCKDALE ST PACIFIC AV Local 20 2 ARDILLA Av CHANNING ST SIERRA WY Local 20 2 BELGATE St END MERCED AV Local 30 2 BELGATE St BALDWIN PARK BL CUL-DE-SAC Local 30 2 BELGATE St HARLAN AV END Local 30 2 BELGATE St END MERCED AV Local 30 2 BELLBROOK St LARRY AV CUL-DE-SAC Local 30 2 BELLGREEN St CENTER ST CUL-DE-SAC Local 28 2 BENHAM Av CRAIGMONT ST END (N) Local 30 2 BENHAM Av CUL-DE-SAC ANADA ST Local 30 2 BENHAM Av ANADA ST NUBIA ST Local 30 2 BENHAM Av NUBIA ST CRAIGMONT ST Local 30 2 BENHAM Av BENWOOD ST BELLBROOK ST Local 30 2 BENWOOD St STEWART AV BENHAM AV Local 30 2 BOGART Av CLARK ST LOS ANGELES ST Local 30 2 BOGART Av LOS ANGELES ST DEMBLON ST Local 30 2 BOGART Av RAMONA BL PALMROSE ST Local 30 2 BOGART Av PALMROSE ST CLARK ST Local 30 2 BROOKPORT St LARRY AV CUL-DE-SAC Local 30 2 BROOKPORT St STEWART AV LA RICA AV Local 30 2 CALAIS St LA RICA AV CUL-DE-SAC Local 30 2 CALINO Av PUENTE AV END Local 22 2 CEDAR Ci CORAK ST END Local 30 2 CHEVALIER Av ARDILLA AV MAYLAND AV Local 30 2 CHEVALIER Av VINELAND AV DOWNING AV Local 30 2 CHILCOT St LA RICA AV CUL-DE-SAC Local 30 2 CLARK St MAUPIN AV BOGART AV Local 30 2 CLARK St BOGART AV DOWNING AV Local 30 2 CLARK St DOWNING AV ALDERSON AV Local 30 2 CLARK St MAINE AV MAUPIN AV Local 30 2 CRAIGMONT St STEWART AV BENHAM AV Local 30 2 CRAIGMONT St LA RICA AV CUL-DE-SAC Local 30 2 CRAIGMONT St STEWART AV BENHAM AV Local 30 2 CRAIGMONT St LA RICA AV CUL-DE-SAC Local 30 2 DALEWOOD St LEDFORD ST VALENS ST Collector 28 2 DALEWOOD St DALEWOOD St DEMBLON St DEMBLON St DEMBLON St DOWNING Av DUNDRY Av DUNIA St ELIZABETH St ELWYN Dr FARNELL St FARNELL St FARNELL St FARNELL St FOSTER Ci FOUNTAIN Ct FOUNTAIN Ct FRAZIER St FRAZIER St FRAZIER St FRAZIER St GARVEY Av GARVEY Av GARVEY Av GARVEY Av GARVEY Av HALINOR Av HALINOR Av HALINOR Av HENSEL St HENSEL St ILLINOIS St ILLINOIS St JEANETTE Ln KENMORE Ct LA RICA Av LA RICA Av LA RICA Av LA VISTA Av LANDIS Av LANTE St LARRY Av LUBICAN St LUBICAN St LUBICAN St LUBICAN St LUBICAN St VALENS ST LEDFORD ST BOGART AV CUL-DE-SAC (W) BALDWIN PARK BL END (S) CENTRAL AV EDRA AV OLIVE ST STEWART AV CUL-DE-SAC (V LEDFORD ST SYRACUSE AV WESTCOTT AV CUL-DE-SAC CUL-DE-SAC CUL-DE-SAC LEDFORD ST CUL-DE-SAC AMAR RD CUL-DE-SAC SYRACUSE AV FAIRG ROVE ST WACO ST BESS AV VINELAND AV END HOWELLHURST DR HOWELLHURST DR W ESTCOTT AV SYRACUSE AV MERCED AV MERCED AV END CUL-DE-SAC PADDY LN MAINE AV BENBOW ST CUL-DE-SAC NUBIA ST NUBIA ST NUBIA ST MERCED AV BRESEE AV JERRY AV FILHURST AV CENTER ST NOLINA AV VALENS ST CUL-DE-SAC BOGART AV END PACIFIC AV CUL-DE-SAC BALDWIN PARK BL END (N) BENHAM AV LEDFORD ST CUL-DE-SAC (E) W ESTCOTT Av END (E) FOSTER AV CENTER ST CENTER ST AMAR RD LEDFORD ST JUDITH ST LEDFORD ST W ESTCOTT AV WACO ST TRACY ST FRAZIER ST BIG DALTON AV WALNUT CREEK PW CUL-DE-SAC CUL-DE-SAC END (E) CUL-DE-SAC (E) BRESEE AV BRESEE AV MERCED AV STICHMAN AV MAINE AV BALDWIN PARK BL BROOKPORT ST STOCKDALE ST JOANBRIDGE ST ARROW HW JOANBRIDGE ST JERRY AV END BRESEE AV END END Collector Collector Local Local Local Collector Local Local Local Local Local Local Local Local Local Local Local Collector Collector Collector Collector Collector Collector Collector Collector Collector Local Local Local Local Local Local Local Local Local Collector Collector Collector Local Local Collector Local Local Local Local Local Local 29 28 27 27 30 27 20 30 30 30 30 30 30 30 20 30 30 27 27 27 27 30 30 30 30 29 30 30 30 26 24 30 30 30 30 30 30 30 30 30 27 30 30 30 30 30 30 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 4 4 4 4 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 MARLINDA Av MARLINDA Av MASLINE St MASLINE St MAYLAND Av MAYLAND Av MAYLAND Av NOLINA St NOLINA St NOLINA St NUBIA St PARK CENTER St PARK CENTER St PARK CENTER St PARK CENTER St PARK CENTER St PARK CENTER St RAMONA Pw RAMONA Pw REMEY Av RHODES Ln ROBBIE Ct ROBINETTE Av ROBINETTE Av ROCKENBACH St ROCKENBACH St SAN GABRIEL Pw SAN GABRIEL Pw SANDSTONE St SHADYLAWN PI SHADYLAWN PI )RREY Cl )RREY St )RREY St LACY St kLENS St kLONA Dr RGINIA Av ACO St ACO St W ESTCOTT Av WIMMER Av WIMMER Av TORCH ST TORCH ST LA RICA AV DOWNING AV CUL-DE-SAC CUL-DE-SAC CUL-DE-SAC LEDFORD ST TRACY ST TRACY ST END END END END END END END CENTER ST WALNUT ST END (W) END FAIRGROVE ST DART ST CENTER ST BALDWIN PARK BL WACO ST WACO ST CUTLER AV BALDWIN PARK BL BALDWIN PARK BL CORAK ST EARL AV EARL AV FRAZIER ST DALEWOOD ST END CENTRAL AV COSBEY AV END CUL-DE-SACS) NUBIA ST NUBIA ST END END END (E) BLEECKER ST STOCKDALE ST SIERRA WY DUTCH ST DALEWOOD ST EMERY AV EMERY AV BLEECKER ST CENTER ST CENTER ST CENTER ST CENTER ST CENTER ST CENTER ST WALNUT ST MERCED AV FRANCISQUITO AV RAMONA BL SIESTA AV DART ST WACO ST MONTEREY AV END CLEO ST CLEO ST STEWART AV END END END END END ROBINETTE AV END (E) WALNUT CREEK PW BADILLO ST ATHOL ST SAN GABRIEL PW FAIRGROVE ST JOANBRIDGE ST JOANBRIDGE ST Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local Local 30 30 30 30 30 30 30 30 30 30 20 30 30 30 30 30 30 29 29 30 15 30 30 30 30 30 30 30 30 26 26 30 30 30 30 26 30 30 30 30 30 30 30 P3 3 ATTACHMENT #5 PLANNING COMMISSION STAFF REPORT, AUGUST 22, 2018 �.. ice.-��ux, Baldwin Park MC Amendment August 22, 2018 TO: Planning Commission FROM: Luis Rodriguez, Interim Community Development Direct PREPARED BY: Abraham Tellez, Associate Planner DATE: August 22, 2018 SUBJECT: ZONING CODE AMENDMENT NO. . AZC-186, AN AMENDMENT TO THE CITY OF BALDWIN PARK MUNICIPAL CODE CHAPTER 153 SECTIONS 153.040.020, 153.120.350, 153.150.100, AND 153.220.050 RELATING TO ACCESSORY DWELLING UNITS SUMMARY This report requests Planning Commission consideration to recommend City Council approval of an amendment to the City of Baldwin Park Municipal Code Chapter 153, Sections 153.040.020, 153,120.350, 153.150.100, and 153.220.050 relating to Accessory Dwelling Units. FISCAL IMPACT This proposal will not have a fiscal impact to the City's General Fund. RECOMMENDATION Staff recommends that the Planning Commission open the public hearing, receive public comment, and following the public hearing adopt the following Resolution: RESOLUTION PC 18-18 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF BALDWIN PARK RECOMMENDING THAT THE CITY COUNCIL APPROVE ZONING CODE AMENDMENT NO. AZC-186, AMENDING CHAPTER 153, ZONING CODE, SECTIONS 153.040.020, 153.120.350, 153.150.100, AND 153.220.050 OF THE CITY'S MUNICIPAL CODE RELATING TO ACCESSORY DWELLING UNITS (LOCATION: CITYWIDE; APPLICANT: CITY OF BALDWIN PARK; CASE NUMBER: AZC-186) BACKGROUND CALIFORNM ENVIRONMENTAL OUALITYACT (CEOA) In accordance with the provisions of the California Environment Quality Act (CEQA), it has been determined that the proposed Municipal Code amendment is Exempt from CEQA pursuant to Article 5, Section 15060(c)(2), which determines a project is not subject to CEQA if "the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment" and 15060(c)(3) "the activity is not a G: ABRAHAMMOrdinances\ADU\PC_StaffReport ADU 8.22.18.doc Baldwin Park MC Amendment August 22, 2018 Page 2 of 2 project as defined in Section 15378." The proposed amendment does not meet the criteria defined in Section 15378. Furthermore, the proposed amendment is exempt from the review for exemption pursuant to Section Article 5, 15061(b)(3), "The activity is covered by the general rule that CEQA applies only to projects which have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA. " NOTICING A Notice of Public Hearing for the Planning Commission and City Council meeting was posted at City Hall, the Community Center, and Barnes Park, and published in the San Gabriel Valley Examiner no later than Thursday, August 9, 2018. DISCUSSION Baldwin Park Municipal Code BPMC Title VI, Land Usage, Chapter 153, Zoning Code, establishes land use and development regulations governing the establishment of residential second units in the R-1, R -G, and R-3 zoning districts in accordance with Government Code Section 65852.2. On January 1, 2017 certain amendments adopted by the state legislature went into effect changing Government Code Section 65852.2 (Government Code) to expand the ability of homeowners to create second units in zones in which they are authorized by local ordinance. The amended Government Code renames "second dwelling units" to "accessory dwelling units," requires that accessory dwelling units be approved through a ministerial process, and establishes new development regulations governing accessory dwelling units. The term "accessory dwelling unit" (ADU), refers to a second separate residence located on a property which has an existing primary residential structure on the same property. ADUs are viewed by the State as an important alternative housing option to address the housing shortage. ADUs are units which are smaller in size than the primary unit and which potentially offer better affordability for family members or young people. Additionally, an ADU can provide a homeowner with rental income to assist with mortgage payments. The Government Code allows for an ADU to be constructed as a new separate unit either attached to or detached from the primary residential structure, as a separate unit within the walls of an existing primary residential structure, as a separate unit within the walls of an existing accessory structure on a lot, such as a garage conversion, or as a separate unit attached to an accessory structure on a lot. Government Code Section 65852.2 deems null and void any existing local ordinance not in conformance with the statute; however, local jurisdictions may amend their zoning ordinance to incorporate additional provisions applicable to the creation of an ADU as long as the provisions are consistent with the statutory limitations contained within the Government Code. Until a compliant local ordinance is adopted, the City would be required to approve an application for a proposed ADU pursuant to the ADU regulations established in the Government Code. Zoning Code Amendment No. AZC-186 proposes the amendment of the BPMC Chapter 153, Zoning Code relating to ADUs to conform to state legislation. i LEGAL REVIEW This report has been reviewed and approved by the City Attorney's Office as to legal form and content. ATTACHMENTS 1) Ordinance 1429, Strikeout Version of Baldwin Park Municipal Code Chapter 153 Zoning Code, Sections 153.040.020, 153.120.350, 153.150.100, and 153.220.050. 2) Resolution PC 18-18 G:\ABRAHAM\Ordinances\ADU\PC_StaffReport ADU 8.22.18.doc ATTACHMENT #6 PROOF OF PUBLICATION San Gabriel Valley Tribune Affiliated with SGV Newspaper Group 605 E. Huntington Dr., Suite 100 Monrovia, CA 91016 626-962-8811 ext. 40891 5007661 CITY OF BALDWIN PARK MARTHAALVAREZ 14403 E. PACIFIC AVE BALDWIN PARK, CA 91706 .E NO. 11-14 AZC-186 Accessory Dwelling un PROOF OF PUBLICATION (2015.5 C.C.P.) STATE OF CALIFORNIA County of Los Angeles I am a citizen of the United States, and a resident of the county aforesaid. I am over the age of eighteen years and not a party to or interested in the above -entitled matter. I am the principal clerk of the printer of SAN GABRIEL VALLEY TRIBUNE, a newspaper of general circulation for the City of West Covina, by the Superior Court of the County of Los Angles, State of California, on the date of September 10, 1957, Case Number 684891. The notice, of which the annexed is a true printed copy, has been published in each regular and entire issue of said newspaper and not in any supplement thereof on the following dates, to wit: 11/04/2018 I declare under the penalty of perjury that the foregoing is true and correct. Executed at Monrovia, LA Co. California On this 5th day of November, 2018. Signature r.LP15-05!17!17 (Space below for use of County Clerk Only) Legal No. 0011197056 Luis Rodriguez Interim Directorof Community Development Pubs,San Gabriel Valley Tribune, Nov, 4,2019, ILD#1197056 ITEM NO. / TO: Honorable Mayor and Members of the City Council FROM: Rose Tam, Finance Director(4" DATE: November 14, 2018 SUBJECT: Approval of Resolution No. 2018- 301, "A resolution of the City Council of the City of Baldwin .Park approving the form and authorizing distribution of a preliminary official statement and approving the form and authorizing the execution of a bond purchase agreement, all in connection with the offering and sale of taxable pension obligation bonds, and authorizing certain actions with respect thereto." SUMMARY This report seeks City Council direction and approval of Resolution No. 2018-301 approving certain documents in connection with the issuance of Pension Obligation Bonds to pay the unfunded actuarial liability (UAL) in the City's pension plan with the California Public Employees Retirement System (CALPERS) for the Miscellaneous employees' plan and the Safety employees' plan. RECOMMENDATION Staff recommends that the City Council: 1. Approve Resolution No. 2018-301 approving the form and authorizing distribution of a preliminary official statement and approving the form and authorizing the execution of a bond purchase agreement, all in connection with the offering and sale of taxable pension obligation bonds in an amount not to exceed $55 million, and authorizing certain actions with respect thereto. FISCAL IMPACT Issuance of Pension Obligation Bonds (POBs) to fund the UAL exchanges one obligation for another at a lower interest rate. The financial benefit to the City is currently anticipated to be $18.78 million in savings over the term of the bonds, subject to certain assumptions as described in this report. The costs to issue the bonds (financial advisor, underwriter, bond counsel, fiscal agentttrustee) are contingent on a successful bond issuance and payable from bond proceeds. Based on an estimated bond issue of approximately $53,745,000, the estimated bond issuance costs are shown on Attachment 4. The proceeds of the Bonds will be remitted to the Trustee, who will disburse the funds directly to CalPERS for the unfunded liability and pay costs of issuance upon receipt of invoices. DISCUSSION Summary of Changes Since August Report to Council The expected financial benefit and the costs to issue the POBs were originally presented to the City Council on August 15, 2018 (August Report). These amounts have been updated for the change in market conditions since that time and other market changes that may occur before the POBs are issued. The original expected issue date for the POBs was December 4, 2018, but with the court delay described below, the new expected issue date is January 31, 2019. The changes that have occurred since the August Report are (1) an increase in interest rates from 4.58% to 4.70% as of October 25, 2018, with a further estimated increase in rates of 0.20% before the POBs can be sold in January 2019, and (2) an increase in the UAL prepayment amount as of December 4 of $254,000 based on the actual PERS calculation compared to original estimates, together with an additional accrual of $570,000 to carry the UAL forward from December 4 to January 31. These changes are summarized below: 12/4/18 Estimated UAL Prepayment 12/4/18 Actual UAL Prepayment from PERS Increase from August Report 1/31/19 Estimated UAL Prepayment Increase from September Update Cumulative Increase from August Report Effective Interest Rate Rates as of Annual Payment (during 2020-2037) Total Debt Service Payments Total Reduction from PERS Schedule $3,875,000 Sept $86,055,000 $86,442,000 $22,198,000 Update Oct Update August with PERS with New January Report Actual Estimated UAL Estimated $52,542,000 $52,796,084 $ 254,084 $53,366.378 $53,366,378 $ 570,294 $ 824,378 4.58% 4.58% 4.70% 4.90% 8/1/2018 8/1/2018 10/25/2018 1/15/2019 $3,875,000 $3,895,000 $86,055,000 $86,442,000 $22,198,000 $21,811,000 $4,000,000 $4,090,000 $87,902,000 $89,475,000 $20,350,000 $18,777,000 In summary, the UAL prepayment amount has increased approximately $825,000 due to the court validation delay and the additional accrued interest to the prepayment date of January, and, coupled with an expected increase in interest rates since August of nearly 1/2%, a decrease in the anticipated reduction in existing scheduled UAL payments compared to debt service of $3,421,000. The chart on the following page shows the existing PERS UAL payments compared to the expected debt service based on a January 31 prepayment date and an increase of rates from today of 0.20%. Debt Service details can be found in Attachment 3. PERS Required UAL Payments Calculated at 7.25% Discount Rate Compared to Estimated POB Debt Service Background The City has 3 CALPERS plans: a Safety Plan, for classic tier safety employees, a Safety PEPRA plan for safety employees hired after the effective date of PEPRA, and a Miscellaneous Plan that includes all non -safety employees (classic and PEPRA combined). CALPERS released their latest report on August 6, 2018 for the fiscal year ending June 30, 2017. As of June 30, 2017, the plans were 71% funded, on average. CALPERS rolls forward the June 30, $53.9 M Misc UAL Safety UAL PERS 2019 POB Savings FYE 6/30 at 7.25% at 7.25% Payments Debt Service to Annual PERS 2019 $ 1,546,035 $ 1,630,371 $ 3,176,406 ** $ 837,000 $ (837,000) 2020 1,837,546 2,011,583 3,849,129 3,849,000 129 2021 2,047,031 2,250,403 4,297,434 4,090,000 207,434 2022 2,270,108 2,508,876 4,778,984 4,087,000 691,984 2023 2,453,255 2,705,730 5,158,985 4,090,000 1,068,985 2024 2,541,354 2,789,847 5,331,201 4,089,000 1,242,201 2025 2,614,423 2,870,055 5,484,478 4,089,000 1,395,478 2026 2,024,243 2,952,569 4,976,812 4,088,000 888,812 2027 2,106,141 3,037,456 5,143,597 4,090,000 1,053,597 2028 2,166,690 3,124,783 5,291,473 4,091,000 1,200,473 2029 2,228,982 3,214,620 5,443,602 4,091,000 1,352,602 2030 2,223,497 3,307,041 5,530,538 4,088,000 1,442,538 2031 2,287,421 3,402,118 5,689,539 4,088,000 1,601,539 2032 2,130,978 3,499,929 5,630,907 4,091,000 1,539,907 2033 2,088,088 3,447,916 5,536,004 4,088,000 1,448,004 2034 1,865,848 3,390,019 5,255,867 4,088,000 1,167,867 2035 1,768,247 3,269,328 5,037,575 4,090,000 947,575 2036 1,599,744 3,064,483 4,664,227 4,091,000 573,227 2037 1,420,089 2,845,157 4,265,246 4,089,000 176,246 2038 1,348,796 1,442,513 2,791,309 2,790,000 1,309 2039 1,272,231 1,339,556 2,611,787 2,608,000 3,787 2040 1,237,409 1,294,723 2,532,132 2,529,000 3,132 2041 1,272,983 1,331,947 2,604,930 2,603,000 1,930 2042 890,141 1,070,165 1,960,306 1,957,000 3,306 2043 529,242 1,008,637 1,537,879 1,533,000 4,879 2044 444,200 807,366 1,251,566 1,251,000 566 2045 461,629 .447,646 909,275 - 909,275 2046 244,290 153,567 397,857 - 397,857 2047 207,757 82.202 289.959 - 289.959 $47,128,398 $64,300,606 $111,429,004 $89,475,000 $18,777,598 Background The City has 3 CALPERS plans: a Safety Plan, for classic tier safety employees, a Safety PEPRA plan for safety employees hired after the effective date of PEPRA, and a Miscellaneous Plan that includes all non -safety employees (classic and PEPRA combined). CALPERS released their latest report on August 6, 2018 for the fiscal year ending June 30, 2017. As of June 30, 2017, the plans were 71% funded, on average. CALPERS rolls forward the June 30, 2017 amounts and deducts expected payments during FY 2017-18 to determine the June 30, 2018 UAL balance. The total UAL amount was approximately $54.2 million at June 30, 2018. Each plan's UAL is comprised of multiple "amortization bases," which are positive and negative amounts generated each year based on the performance of the CALPERS Investment Fund and changes in the actuarial assumptions. Each amortization base has a separate payment schedule over a fixed period of years. The detail amortization bases as of June 30, 2018 are shown in Attachment 3. Because of the CALPERS methodology, some of the payments continue to increase each year while others will drop off. The chart on the prior page shows the existing UAL payments provided by CALPERS in its June 30, 2017 report, calculated at an interest rate of 7.25% (this is sometimes called the "discount rate"). CALPERS will change the discount rate to 7% effective June 30, 2018. While this will lower the annual payment by about 3% for the existing UAL base, it will add a significant new UAL base, so that UAL payments will increase overall. Those additional increases are not incorporated into this analysis, since they will occur with or without the issuance of the POBs. This analysis of issuing POBs excludes the regular normal cost charged by CALPERS. That cost will be charged to the City irrespective of the funding status of the UAL. The chart and analysis in this report also excludes the Safety PEPRA plan, since it is a minor amount and it is not contemplated to be paid off at this time. The UAL payments increase from the FY 2017-18 amount of $2.5 million to $4.8 million by FY 2021- 22 ($2.3 million increase) and peak at over $5.6 million based on the discount rate of 7.25%. In June 2018, the City Council directed staff to prepare documents necessary to prepay the UAL by issuing POBs, and mitigate some of the anticipated increases on annual payments for the existing UAL at June 30, 2017 rolled forward to June 30, 2018. The City issued POBs in 2007 to fund a portion of its UAL for the Safety Plan. The final payment was made in FY 2017-18 in the amount of $1,891,000. Therefore, the City's total UAL pension costs in FY 2017-18 were $4.4 million combining the debt service and the CALPERS required payment. Staff is recommending that a portion of the budget savings due to the final payment on the 2007 POBs be applied toward debt service on new POBs to help manage the City's pension liability expense. The City's financial advisor created several POB repayment structures which the City Council considered at its June 20, 2018 meeting. Since the majority of the UAL is repaid in 26 years, the City Council approved using the option presented that shows level debt service through 2037 (19 years) and then debt service declines in proportion to the existing UAL payment schedule shown in the chart on the prior page. There will be no savings from issuing the POBs in Fiscal Year 2018-19. The City funded the annual 2018-19 UAL payment of $3.2 million in July 2018 in order to take advantage of the 3% discount offered by CALPERS by funding the entire year's obligation at the start of the year - a savings of approximately $95,000. The first interest payment on the new POB is currently expected to be approximately $837,000 in 2018-19 and would use up a portion of the 2007 POB debt service savings (this is $200,000 lower than original expected in the August Report due to the delay in issuance). However, since the UAL is not being paid off at June 30, 2018, interest expense on the UAL from July 1 to the expected payoff date of January 31, 2019 has to be added. Therefore, the net UAL for the analysis is approximately $53.37 million after the FY 2018-19 payment and the accrued interest through January. Due to the delay by the court in the validation proceedings described below, this is 2 months later than the originally planned payoff date described in the August Report and has increased the amount of the payoff. POB Issuance The first step required in the POB issuance process is the judicial validation by the court. The only issue that the court considers is the legal ability of the City to issue pension obligation bonds, and whether the sale meets the State of California constitutional requirements. Any potential financial impacts are not part of the court's analysis. In August, the City Council approved the submission of necessary documents with the Los Angeles County Superior Court to start the judicial validation process. At the same time, the City Council approved the issuance of POBs in an amount not -to -exceed $55 million and a draft form of the Trust Agreement for the POBs, as well as accepted the proposal from Ramirez & Co. (Underwriter) to underwrite the POBs. The City Attorney then filed the validation action with the court. The court took several extra weeks to provide its first order based on that filing, which has extended the validation process from the estimated 60 days described in the August Report to an expected 90 or more days. At the conclusion of the validation process, the court will enter a judgment in favor of the City that the obligation of the City (the liability owed to CALPERS), legally represents an "obligation imposed by law". Numerous prior court cases have determined that pension liabilities are obligations imposed by law, and therefore are exempt from the debt limitation requirements set forth in Article XVI, Section 18, of the California Constitution. Many other cities have followed this same process for the issuance of pension obligation bonds, and it is the same process the City followed in 2007. After the judgment is entered, there is a further 30 -day waiting period until the POBs can be sold. If the judgment is entered by the court earlier than we now expect, staff will proceed with the issuance of the POBs at the earliest feasible date. Update for Current Market Conditions As shown in the "Fiscal Impact" section of this report, in the August Report, the estimated reduction in payments comparing the existing UAL with a discount rate of 7.25% to the debt service on the POBs at an average interest rate of 4.58% was $22.2 million, based on a payoff date of December 4, 2018 and a projected prepayment amount of $52.542 million. CALPERS subsequently confirmed the actual payoff amount as of December 4, 2018 would be $52.796 million, an increase of $254,000 over the estimate. As noted, the validation action has been held up by court delays and the POBs may not be able to be issued until January 2019. The revised prepayment amount based on a bond sale in early January and a UAL payoff date of January 31, 2019 is $53.37 million. Interest rates have also risen significantly between mid-September to late October because of economic conditions. As shown in the "Fiscal Impact" section of this report, the updated estimated reduction in payments comparing the existing UAL with a discount rate of 7.25% to the debt service on the POBs at an average interest rate of 4.90% is $18.78 million, based on the new payoff date and amount. Based on expected market conditions in January, the par amount of the POBs is estimated to be $53,745,000. Total use of bond proceeds, including costs and contingency, is as follows: Prepay UAL on 1/31/2019 $53,366,378 Costs of Issuance (Attachment 4) 378.622 Total Bond Amount $53,745,000 The estimated par amount will be subject to prevailing market conditions at the time of sale and the final prepayment date of the UAL. Therefore, a not -to -exceed par amount of $55 million was approved in August to provide a reasonable cushion above the expected par amount should interest rates fluctuate, or the UAL accrued interest increase due to any additional delay in timing. The true interest cost (that is, the effective interest rate) for the POBs is expected to be 4.90% based on current market conditions as of October 25 provided by the Underwriter plus a contingency of 0.20% added to account for possible changes in market conditions before the Bonds can be issued in January. Using the 26 year maturity for the POBs, the total debt service is estimated to be $89,475,000. In addition to debt service, the City will pay (from the General Fund) an estimated $30,000 in trustee administrative costs over the life of the issue as well as an estimated $40,000 for continuing disclosure annual reporting and new state debt annual reporting requirements. City Council Approvals While waiting for the validation process to conclude, staff and consultants prepared other required financing documents for the City Council's consideration and approval and will submit the financing to Standard & Poor's for a credit rating. The resolution presented authorizes the distribution of the Preliminary Official Statement for the POBs (Attachment 5), the execution of a Bond Purchase Agreement with the Underwriter (Attachment 6), both in the form attached to this report, and the form of a Continuing Disclosure Certificate included as an Appendix in Attachment 5. The Preliminary Official Statement describes the security and repayment provisions of the POBs, the City's financial condition, and risk factors associated with investing in the POBs. The Bond Purchase Agreement sets forth the terms and conditions for the sale of the bonds to the Underwriter and the final interests and amount of the Bonds based on the market conditions when the POBs are sold. The Continuing Disclosure Certificate sets forth the City's obligation to provide ongoing financial information to the investors. The resolution also affirms that the POBs will be issued in an amount not -to -exceed $55 million, and sets the maximum true interest cost at 5.5% and the maximum Underwriter discount at 0.5% of the par amount of the POBs. It authorizes the Mayor, City Clerk, Chief Executive Officer and Director of Finance as applicable, to execute all the above documents, and such other documents and certifications that may be necessary to consummate the transaction. ALTERNATIVES The City Council may choose not to issue the Pension Obligation Bonds. LEGAL REVIEW This report has been reviewed and approved by the City Attorney as to legal form and content.. ATTACHMENT 1. Resolution 2. CALPERS UAL by Amortization Base 3. Bond Schedule 4. Estimated Costs of Issuance 5. Preliminary Official Statement 6. Bond Purchase Agreement Attachment 1 Resolution 2018-301 RESOLUTION NO. 2018-301 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK APPROVING THE FORM AND AUTHORIZING DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT AND APPROVING THE FORM AND AUTHORIZING THE EXECUTION OF A BOND PURCHASE AGREEMENT, ALL IN CONNECTION WITH THE OFFERING AND SALE OF TAXABLE PENSION OBLIGATION BONDS, AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS WITH RESPECT THERETO RESOLVED, by the City Council (the "Council") of the City of Baldwin Park (the "City"), Los Angeles County, State of California, as follows: WHEREAS, the City has previously elected to become a contracting member of the California Public Employees' Retirement System ("PERS"); WHEREAS, the Public Employees' Retirement Law (commencing with section 20000 of the California Government Code) and the contract (the "PERS Contract") between the Board of Administration of PERS and the City Council of the City (the "City Council") obligate the City to (i) make contributions to PERS to fund pension benefits for certain City employees, (ii) amortize the unfunded accrued actuarial liability with respect to such pension benefits, and (iii) appropriate funds for the foregoing purposes; WHEREAS, the City desires to authorize the issuance of its City of Baldwin Park 2019 Taxable Pension Obligation Bonds (the "Bonds"), in a principal amount not to exceed $55,000,000, pursuant to the provisions of Articles 10 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 of the California Government Code, commencing with section 53570 of said Code, for the purpose of refunding all or a portion of the City's obligation to PERS, as evidenced by the PERS Contract, to pay the unfunded accrued actuarial liability of the City with respect to pension benefits under the Public Employees' Retirement Law, and paying the costs of issuance of the Bonds; WHEREAS, on August 15, 2018, the City adopted its Resolution No. 2018-286 authorizing issuance of the Bonds and approving the form and authorizing execution of the various documents prepared in connection therewith; and WHEREAS, a preliminary official statement to be used in connection with the offering and sale of the Bonds has been prepared and it is appropriate at this time for the Council to approve the form thereof and its distribution to prospective purchasers of the Bonds; NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows: Section 1. Approval of the Preliminary Official Statement. The Council hereby approves and deems final within the meaning of Rule 15c2-12 of the Securities Exchange Act of 1934 except for permitted omissions, a preliminary official statement describing the Bonds in the form on file with the City Clerk (the "Preliminary Official Statement"). Distribution of the Preliminary Official Statement by Ramirez & Co., Inc. (the "Underwriter") to prospective purchasers of the Bonds is hereby approved. The Mayor, the Chief Executive Officer and the Director of Finance (each, an "Authorized Officer'), each acting alone, are hereby authorized to execute the final form of an official statement, including as it may be modified by such additions thereto and changes therein as an Authorized Officer shall deem necessary, desirable or appropriate (the "Final Official Statement"), and the execution of the Final Official Statement by a Authorized Officer shall be conclusive evidence of the approval of any such additions and changes. The Council hereby authorizes the distribution of the Final Official Statement by the Underwriter. The Final Official Statement shall be executed in the name and on behalf of the City by an Authorized Officer. Section 2. Approval of Bond Purchase Agreement. The Council hereby authorizes the sale of the Bonds to the Underwriter so long as the true interest cost does not exceed 5.50% per annum and Underwriters discount, excluding original issue discount which does not constitute compensation to the Underwriter, does not exceed 0.50%. The form of bond purchase and agreement, by and between the City and the Underwriter (the 'Bond Purchase Agreement"), in the form on file with the City Clerk, is hereby approved and the Authorized Officers, each acting alone, are hereby authorized and directed, for and in the name and on behalf of the City, to execute and deliver the Bond Purchase Agreement in such form together with such changes therein, deletions therefrom and additions thereto as the Authorized Officer executing the same shall approve, such approval to be conclusively evidenced by the execution and delivery of the Bond Purchase Agreement. The Council hereby authorizes the delivery and performance of the Bond Purchase Agreement. Section 3. Approval of Continuing Disclosure Certificate. The continuing disclosure certificate, in the form on file with the City Clerk (the "Continuing Disclosure Certificate"), is hereby approved and any Authorized Officer is hereby authorized and directed, for and in the name and on behalf of the City, to execute and deliver the Continuing Disclosure Certificate in such form together with such changes therein, deletions therefrom and additions thereto as the Authorized Officer executing the same shall approve, such approval to be conclusively evidenced by the execution and delivery of the Continuing Disclosure Certificate. The Council hereby authorizes the delivery and performance of the Continuing Disclosure Certificate. Section 4. Official Actions. The Mayor, the Chief Executive Officer, the Director of Finance, the City Clerk, and all other officers of the City are each authorized and directed in the name and on behalf of the City to make any and all assignments, certificates, agreements, notices, consents, instruments of conveyance and other documents, which they or any of them might deem necessary or appropriate in order to consummate the issuance of the Bonds, and any of the other transactions approved or contemplated by this Resolution. Whenever in this Resolution any officer of the City is authorized to execute or countersign any document or take any action, such execution, countersigning or action may be taken on behalf of such officer by any person designated by such officer to act on his or her behalf in the case such officer is absent or unavailable. Section 7. Effective Date. This Resolution shall take effect from and after its adoption. -2- PASSED, APPROVED AND ADOPTED this 14th day of November, 2018. MANUEL LOZANO MAYOR -3- ATTEST: STATE OF CALIFORNIA COUNTY OF LOS ANGELES CITY OF BALDWIN PARK I, ALEJANDRA AVILA, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution No. 2018 was duly adopted by the City Council of the City of Baldwin Park at a regular meeting thereof held on November 14, 2018, and that the same was adopted by the following vote to wit: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSTAIN: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ALEJANDRA AVILA CITY CLERK -4- Attachment 2 CALPERS UAL by Amortization Base PERS UAL by Amortization Base Actual PERS Balance 6/30/17 Rolled Date Forward To 6/30/18 Reason for Base Established Miscellaneous aafety Total ASSUMPTION CHANGE 6/30/03 1,522,167 - 1,522,167 BENEFIT CHANGE 6/30/04 1,744,919 - 1,744,919 METHOD CHANGE 6/30/04 (126,749) - (126,749) BENEFIT CHANGE 6/30/07 44.3,220 - 443,220 ASSUMPTION CHANGE 6/30/09 1,521,534 - 1,521,534 SPECIAL (GAIN)/LOSS 6/30/09 1,806,439 - 1,806,439 SPECIAL (GAIN)/LOSS 6/30/10 2,601,346 - 2,601,346 ASSUMPTION CHANGE 6/30/11 1,259,048 - 1,259,048 SPECIAL (GAIN)/LOSS 6/30/11 (277,342) - (277,342) PAYMENT (GAIN)/LOSS 6/30/12 (301,586) - (301,586) (GAIN)/LOSS 6/30/12 (1,790,706) - (1,790,706) (GAIN)/LOSS 6/30/13 7,156,144 - 7,156,144 ASSET (GAIN)/LOSS 6/30/13 - 11,946,404 11,946,404 SHARE OF PRE -2013 POOL UAL 6/30/13 - 10,152,817 10,152,817 NON -ASSET (GAIN)/LOSS 6/30/13 - (135,619) (135,619) ASSUMPTION CHANGE 6/30/14 3,825,101 5,605,538 9,430,639 (GAIN)/LOSS 6/30/14 (5,490,508) - (5,490,508) NON -ASSET (GAIN)/LOSS 6/30/14 - 104,267 104,267 ASSET (GAIN)/LOSS 6/30/14 - (8,363,534) (8,363,534) (GAIN)/LOSS 6/30/15 3,386,737 - 3,386,737 ASSET (GAIN)/LOSS 6/30/15 - 4,962,370 4,962,370 NON -ASSET (GAIN)/LOSS 6/30/15 - (18,323) (18,323) ASSUMPTION CHANGE 6/30/16 1,382,886 1,908,868 3,291,754 (GAIN)/LOSS 6/30/16 4,612,895 - 4,612,895 ASSET (GAIN)/LOSS 6/30/16 - 6,041,988 6,041,988 NON -ASSET (GAIN)/LOSS 6/30/16 - (999,547) (999,547) ASSUMPTION CHANGE (7.375- 7.25) 6/30/17 1,908,599 2,258,347 4,166,946 NON -ASSET (GAIN)/LOSS 6/30/17 - 73,589 73,589 (GAIN)/LOSS (11.2% Return) 6/30/17 (11.669.525) (2.874.111) (4.543.636) Combined Bases at June 30, 2018 23,514,619 30,663,054 54,177,673 Prepayment Calculated to 1/31/19 23,011,972 30,354,406 53,366,378 Attachment 3 Bond Schedule SOURCES AND USES OF FUNDS City of Baldwin Park Pension Obligation Bonds Estimated - Subject to Change Based on Market Conditions and Prepayment Date Sources: Bond Proceeds: Par Amount 53,745,000.00 53,745,000.00 Uses: Delivery Date Expenses: Cost of Issuance 230,823.25 Underwriter's Discount 147,798.75 378,622.00 Other Uses of Funds: UAL Prepay through Jan 31, 2019 53,366,378.00 53,745,000.00 Note: Updated Ramirez & Co Rates October 25 + 20 by for timing; A+ Rating Prepared by Harrell & Company Advisors Page I BOND PRICING City of Baldwin Park Pension Obligation Bonds Estimated - Subject to Change Based on Market Conditions and Prepayment Date Maturity Bond Component Date Amount Rate Yield Price Serial Bonds: 06/01/2020 1,360,000 3.268% 3.268% 100.000 06/01/2021 1,645,000 3.514% 3.514% 100.000 06/01/2022 1,700,000 3.636% 3.636% 100.000 06/01/2023 1,765,000 3.771% 3.771% . 100.000 06/01/2024 1,830,000 3.821% 3.821% 100.000 06/01/2025 1,900,000 4.010% 4.010% 100.000 06/01/2026 1,975,000 4.160% 4.160% 100.000 06/01/2027 2,060,000 4.337% 4.337% 100.000 06/01/2028 2,150,000 4.437% 4.437% 100.000 06/01/2029 2,245,000 4.587% 4.587% 100.000 06/01/2030 2,345,000 4.687% 4.687% 100.000 06/01/2031 2,455,000 4.737% 4.737% 100.000 06/01/2032 2,575,000 4.787% 4.787% 100.000 06/01/2033 2,695,000 4.837% 4.837% 100.000 06/01/2034 2,825,000 4.887% 4.887% 100.000 31,525,000 Tenn Bond 2038: 06/01/2035 2,965,000 5.023% 5.023% 100.000 06/01/2036 3,115,000 5.023% 5.023% 100.000 06/01/2037 3,270,000 5.023% 5.023% 100.000 06/01/2038 2,135,000 5.023% 5.023% 100.000 06/01/2039 2,060,000 5.023% 5.023% 100.000 13,545,000 Term Bond 2044: 06/01/2040 2,085,000 5.123% 5.123% 100.000 06/01/2041 2,265,000 5.123% 5.123% 100.000 06/01/2042 1,735,000 5.123% 5.123% 100.000 06/01/2043 1,400,000 5.123% 5.123% 100.000 06/01/2044 1,190,000 5.123% 5.123% 100.000 8,675,000 53,745,000 Dated Date Delivery Date First Coupon Par Amount Original Issue Discount Production Underwriter's Discount Purchase Price Accrued Interest Net Proceeds 01/31/2019 01/31/2019 06/01/2019 53,745,000.00 53,745,000.00 100.000000% -147,798.75 -0.275000% 53,597,201.25 99.725000% 53,597,201.25 Prepared by Harrell & Company Advisors Page 2 BOND DEBT SERVICE City of Baldwin Park Pension Obligation Bonds Estimated - Subject to Change Based on Market Conditions and Prepayment Date Dated Date 01/31/2019 Delivery Date 01/31/2019 Period Ending Principal Coupon Interest Debt Service 06/30/2019 836,674.55 836,674.55 06/30/2020 1,360,000 3.268% 2,489,279.78 3,849,279.78 06/30/2021 1,645,000 3.514% 2,444,834.98 4,089,834.98 06/30/2022 1,700,000 3.636% 2,387,029.68 4,087,029.68 06/30/2023 1,765,000 3.771% 2,325,217.68 4,090,217.68 06/30/2024 1,830,000 3.821% 2,258,659.52 4,088,659.52 06/30/2025 1,900,000 4.010% 2,188,735.22 4,088,735.22 06/30/2026 1,975,000 4.160% 2,112,545.22 4,087,545.22 06/30/2027 2,060,000 4.337% 2,030,385.22 4,090,385.22 06/30/2028 2,150,000 4.437% 1,941,043.02 4,091,043.02 06/30/2029 2,245,000 4.587% 1,845,647.52 4,090,647.52 06/30/2030 2,345,000 4.687% 1,742,669.36 4,087,669.36 06/30/2031 2,455,000 4.737% 1,632,759.20 4,087,759.20 06/30/2032 2,575,000 4.787% 1,516,465.84 4,091,465.84 06/30/2033 2,695,000 4.837% 1,393,200.58 4,088,200.58 06/30/2034 2,825,000 4.887% 1,262,843.42 4,087,843.42 06/30/2035 2,965,000 5.023% 1,124,785.66 4,089,785.66 06/30/2036 3,115,000 5.023% 975,853.70 4,090,853.70 06/30/2037 3,270,000 5.023% 819,387.24 4,089,387.24 06/30/2038 2,135,000 5.023% 655,135.14 2,790,135.14 06/30/2039 2,060,000 5.023% 547,894.08 2,607,894.08 06/30/2040 2,085,000 5.123% 444,420.28 2,529,420.28 06/30/2041 2,265,000 5.123% 337,605.72 2,602,605.72 06/30/2042 1,735,000 5.123% 221,569.76 1,956,569.76 06/30/2043 1,400,000 5.123% 132,685.70 1,532,685.70 06/30/2044 1,190,000 5.123% 60,963.70 1,250,963.70 53,745,000 35,728,291.77 89,473,291.77 Note: Updated Ramirez & Co Rates October 25 + 20 by for timing; A+ Rating Prepared by Harrell & Company Advisors Page 4 BOND SUMMARY STATISTICS City of Baldwin Park Pension Obligation Bonds Estimated - Subject to Change Based on Market Conditions and Prepayment Date Dated Date 01/31/2019 Delivery Date 01/31/2019 Last Maturity 06/01/2044 Arbitrage Yield 4.827936% True Interest Cost (TIC) 4.857100% Net Interest Cost (NIC) 4.886058% All -In TIC 4.902886% Average Coupon 4.865929% Average Life (years) 13.662 Weighted Average Maturity (years) 13.662 Duration of Issue (years) 9.665 Par Amount 53,745,000.00 Bond Proceeds 53,745,000.00 Total Interest 35,728,291.77 Net Interest 35,876,090.52 Total Debt Service 89,473,291.77 Maximum Annual Debt Service 4,091,465.84 Average Annual Debt Service 3,531,453.24 Underwriter's Fees (per $1000) Average Takedown Other Fee 2.750000 Total Underwriter's Discount 2.750000 Bid Price 99.725000 Par Value + Accrued Interest + Premium (Discount) - Underwriter's Discount - Cost of Issuance Expense - Other Amounts Target Value Target Date Yield TIC 53,745,000.00 -147,798.75 53,597,201.25 01/31/2019 4.857100% All -In TIC 53,745,000.00 -147,798.75 -230,823.25 53,366,378.00 01/31/2019 4.902886% Arbitrage Yield 53,745,000.00 53,745,000.UU 01/31/2019 4.827936% Prepared by Harrell & Company Advisors Page 5 Par Average Average Bond Component Value Price Coupon Life Serial Bonds 31,525,000.00 100.000 4.555% 9.164 Term Bond 2038 13,545,000.00 100.000 5.023% 18.130 Term Bond 2044 8,675,000.00 100.000 5.123% 23.030 53,745,000.00 13.662 Par Value + Accrued Interest + Premium (Discount) - Underwriter's Discount - Cost of Issuance Expense - Other Amounts Target Value Target Date Yield TIC 53,745,000.00 -147,798.75 53,597,201.25 01/31/2019 4.857100% All -In TIC 53,745,000.00 -147,798.75 -230,823.25 53,366,378.00 01/31/2019 4.902886% Arbitrage Yield 53,745,000.00 53,745,000.UU 01/31/2019 4.827936% Prepared by Harrell & Company Advisors Page 5 Attachment 4 Estimated Costs of Issuance ESTIMATED COSTS OF ISSUANCE TO PREPAY $53.366 MILLION UAL Underwriter $147,799 Bond Counsel 75,000 Disclosure Counsel 10,000 Validation Action 7,500 City Attorney (re Validation) 5,000 Financial Advisor 78,000 Financial Advisor - Prepare OS 16,000 Printing 2,000 Trustee 2,750 Rating Agency Fee 31,000 Contingency 3,573 $378,622 Attachment 5 Preliminary Official Statement DRAFT PRELIMINARY OFFICIAL STATEMENT DATED NOVEMBER 5, 2018 NEW ISSUE RATING BOOK -ENTRY ONLY S&P: _ (See "CONCLUDING INFORMATION - Rating on the Bonds" herein) In the opinion of Quint & Thimmig LLP, Bond Counsel, interest on the Bonds is exempt from California personal income taxes. See "TAX MATTERS" herein. Interest on the Bonds is not excludable from gross income of the owners thereof for federal income tax purposes. $5397459000* CITY OF BALDWIN PARK 2019 TAXABLE PENSION OBLIGATION BONDS Dated: Date of Delivery Due: June 1 as shown on the inside front cover page The City of Baldwin Park (the "City") is issuing its 2019 Taxable Pension Obligation Bonds (the "Bonds") pursuant to Articles 10 and 11 (commencing with Section 53750) of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California and a Trust Agreement, dated as of January 1, 2019, between U.S. Bank National Association, as trustee (the "Trustee") and the City (the "Trust Agreement"). The Bonds are being issued to finance a portion of the City's unfunded accrued actuarial liability to the California Public Employees' Retirement System ("CalPERS") for the benefit of the City's employees and pay the costs incurred in connection with the issuance of the Bonds. Pursuant to the Retirement Law (as defined herein), the City Council is required to make the appropriations to pay the amounts required to be paid by the City pursuant to the Retirement Law, including the portion of the unfunded accrued actuarial liability evidenced by the Bonds. The Bonds are payable from any legally available funds of the City. See "SOURCE OF PAYMENT FOR THE BONDS" and "RISK FACTORS" herein. Interest on the Bonds is payable semiannually on June 1 and December 1 of each year, commencing June 1, 2019, until maturity or earlier redemption. See "THE BONDS - General Provisions" and "THE BONDS - Redemption" herein. The cover page contains certain information for quick reference only. It is not a summary of the issue. Potential investors must read the entire Official Statement to obtain information essential to the making of an informed investment decision. See "RISK FACTORS" herein for a discussion of special risk factors that should be considered in evaluating the investment quality of the Bonds. The Bonds do not constitute an obligation of the City for which the City is obligated to levy or pledge any form of taxation. The Bonds do not constitute an indebtedness of the City, the State or any of its political subdivisions within the meaning of any constitutional or statutory debt limitation or restriction. The Bonds are being offered when, as and if issued, subject to the approval as to their legality by Quint & Thimmig LLP, Larkspur, California, Bond Counsel. Certain legal matters will also be passed upon for the City by Quint & Thimmig LLP, Larkspur, California, as Disclosure Counsel, and by Tafoya & Garcia LLP, Los Angeles, California, as City Attorney. Certain matters will be passed upon for the Underwriter by Stradling Yocca Carlson & Rauth, a Professional Corporation, Newport Beach, California. It is anticipated that the Bonds will be available for delivery through the facilities of The Depository Trust Company on or about January 31, 2019 (see "APPENDIX E - THE BOOK -ENTRY SYSTEM" herein). The date of the Oficial Statement is 2018. * Preliminary, subject to change. Ramirez & Co., Inc. $5397459000* CITY OF BALDWIN PARK 2019 TAXABLE PENSION OBLIGATION BONDS Maturity Date Principal June 1 Amount 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 MATURITY SCHEDULE (Base CUSIP®t Interest Reoffering Reoffering Rate Yield Price CUSIP®t $ _% Term Bond maturing June 1, 2039, Yield _%, Price _ CUSIP®t _ $ 1 _% Term Bond maturing June 1, 2044, Yield _%, Price _ CUSIP®t _ * Preliminary, subject to change. t CUSIP® is a registered trademark of the American Bankers Association. CUSIP data herein is provided by CUSIP Global Services, managed by S&P Capital IQ on behalf of the American Bankers Association. CUSIP numbers have been assigned by an independent company not affiliated with the City, the Municipal Advisor or the Underwriter and are included solely for the convenience of the holders of the Bonds. None of the City, the Municipal Advisor or the Underwriter is responsible for the selection or use of these CUSIP numbers, and no representation is made as to their correctness on the Bonds or as indicated above. The CUSIP number for a specific maturity is subject to being changed after the execution and delivery of the Bonds as a result of various subsequent actions including, but not limited to, a refunding in whole or in part of such maturity or as a result of the procurement of secondary market portfolio insurance or other similar enhancement by investors that is applicable to all or a portion of certain maturities of the Bonds. GENERAL INFORMATION ABOUT THIS OFFICIAL STATEMENT Use of Official Statement. This Official Statement is submitted in connection with the offer and sale of the Bonds referred to herein and may not be reproduced or used, in whole or in part, for any other purpose. This Official Statement is not to be construed as a contract with the purchasers of the Bonds. Effective Date. This Official Statement speaks only as of its date, and the information and expressions of opinion contained in this Official Statement are subject to change without notice. Neither the delivery of this Official Statement nor any sale of the Bonds will, under any circumstances, create any implication that there has been no change in the affairs of the City or any other parties described in this Official Statement. No Offering May be Made Except by This Oficial Statement. No dealer, broker, salesperson or other person has been authorized by the City to give any information or to make any representations in connection with the offer or sale of the Bonds other than those contained herein and if given or made, such other information or representation must not be relied upon as having been authorized by the City or the Municipal Advisor. This Official Statement does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Bonds by a person in any jurisdiction in which it is unlawful for such person to make such an offer, solicitation or sale. Preparation of this Official Statement. The information contained in this Official Statement has been obtained from sources that are believed to be reliable. The information and expressions of opinions herein are subject to change without notice and neither the delivery of this Official Statement nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in the affairs of the City since the date hereof. This Official Statement is submitted in connection with the sale of the Bonds referred to herein and may not be reproduced or used, in whole or in part, for any other purpose, unless authorized in writing by the City. All summaries of the Bonds, the Trust Agreement or other documents, are made subject to the provisions of such documents and do not purport to be complete statements of any or all of such provisions. Reference is hereby made to such documents on file with the City Clerk for further information. See "INTRODUCTION - Summaries Not Definitive" The Underwriter has provided the following sentence for inclusion in this Official Statement: The Underwriter has reviewed the information in this Official Statement in accordance with, and as part of, its responsibilities to investors under the federal securities laws as applied to the facts and circumstances of this transaction, but the Underwriter does not guarantee the accuracy or completeness of such information. Bonds are Exempt from Securities Laws Registration. The issuance, sale and delivery of the Bonds has not been registered under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, in reliance upon exemptions for the execution, sale and delivery of municipal securities provided under Section 3(a)(2) of the Securities Act of 1933 and Section 3(a)(12) of the Securities Exchange Act of 1934. Estimates and Forecasts. When used in this Official Statement and in any continuing disclosure by the City, any press release and any oral statement made with the approval of an authorized officer of the City or any other entity described or referenced herein, the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "forecast," "expect," "intend" and similar expressions identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Any forecast is subject to such uncertainties. Inevitably, some assumptions used to develop the forecasts will not be realized and unanticipated events and circumstances may occur. Therefore, there are likely to be differences between forecasts and actual results, and those differences may be material. Stabilization of and Changes to Offering Prices. In connection with this offering, the Underwriter may overallot or effect transactions which stabilize or maintain the market price of the Bonds at a level above that which might otherwise prevail in the open market. Such stabilizing, if commenced, may be discontinued at any time. The Underwriter may offer and sell the Bonds to certain dealers and others at prices lower than the public offering prices set forth on the inside front cover page hereof and said public offering prices may be changed from time to time by the Underwriter. City Website. The City maintains a website. The information on such website is not part of this Official Statement and is not intended to be relied on by investors with respect to the Bonds unless specifically set forth or incorporated herein. CITY OF BALDWIN PARK, CALIFORNIA CITY COUNCIL MEMBERS Manuel Lozano, Mayor Ricardo Pacheco, Mayor Pro Tem Cruz Baca, Council Member Monica Garcia, Council Member Susan Rubio, Council Member CITY STAFF Shannon Yauchzee, Chief Executive Officer Rose Tam, Director of Finance Maria Contreras, City Treasurer Samuel Gutierrez, Director of Public Works Andre Dupret, Interim Director of Community Development Michael Taylor, Chief of Police Alejandra Avila, City Clerk PROFESSIONAL SERVICES Bond Counsel and Disclosure Counsel Quint & Thimmig LLP Larkspur, California City Attorney Tafoya & Garcia LLP Los Angeles, California Municipal Advisor Harrell & Company Advisors, LLC Orange, California Trustee U.S. Bank National Association Los Angeles, California TABLE OF CONTENTS INTRODUCTION......................................................1 TheCity .....................................................................1 Purpose......................................................................1 Security and Sources of Repayment ..........................1 Limited Obligation.....................................................2 NoReserve Fund.......................................................2 LegalMatters.............................................................2 Offering of the Bonds................................................2 Summaries Not Definitive.........................................2 THE FINANCING PLAN..........................................3 Estimated Sources and Uses of Funds .......................4 THEBONDS...............................................................4 General Provisions.....................................................4 Redemption................................................................ 5 Scheduled Debt Service on the Bonds.......................7 SOURCE OF PAYMENT FOR THE BONDS .........8 General....................................................................... 8 Debt Service Fund.....................................................8 No Reserve Fund.......................................................8 CITY OF BALDWIN PARK.....................................9 General Information................................................... 9 General Organization ................................................. 9 Governmental Services..............................................9 Natural Hazards.......................................................42 Transportation..........................................................10 Hazardous Substances..............................................43 Population................................................................10 StateBudget.............................................................44 Per Capita Personal Income ..................................... l l Employment and Industry........................................12 Legislative Changes.................................................47 Commercial Activity ................................................14 Constitutional Limitation on Taxes and Building Activity .....................................................15 Expenditures.........................................................47 FINANCIAL INFORMATION...............................16 Tax Cuts and Jobs Act..............................................51 FiscalPolicies..........................................................16 Secondary Market Risk............................................51 Budgetary Process and Administration ....................17 Fiscal Year 2018-19 Outlook...................................17 Comparative General Fund Revenues and Expenditures.........................................................17 Ad Valorem Property Taxes.....................................20 Local Taxes..............................................................24 Commercial Cannabis Fees.....................................25 Employee Relations and Collective Bargaining ......27 Retirement Plans......................................................27 Other Post Employment Benefits .............................33 Risk Management....................................................35 City Investment Policy and Portfolio ....................... 36 Obligations of the City .............................................36 Financial Statements................................................37 RISK FACTORS.......................................................42 Future Financial Condition......................................42 Limited Obligation of the City .................................42 Natural Hazards.......................................................42 Hazardous Substances..............................................43 StateBudget.............................................................44 Bankruptcy of the City .............................................45 Legislative Changes.................................................47 Constitutional Limitation on Taxes and Expenditures.........................................................47 Tax Cuts and Jobs Act..............................................51 Secondary Market Risk............................................51 TAX MATTERS........................................................51 Information Reporting and Backup Withholding ..... 51 LEGAL MATTERS..................................................52 Enforceability of Remedies......................................52 Approval of Legal Proceedings................................52 Absence of Litigation...............................................52 VALIDATION...........................................................53 CONCLUDING INFORMATION ..........................53 Rating on the Bonds.................................................53 Underwriting............................................................53 The Municipal Advisor............................................53 Continuing Disclosure.............................................54 Additional Information............................................54 References................................................................54 Execution.................................................................54 APPENDIX A - SUMMARY OF CERTAIN PROVISIONS OF PRINCIPAL LEGAL DOCUMENTS APPENDIX B - CITY AUDITED FINANCIAL STATEMENTS APPENDIX C - FORM OF CONTINUING DISCLOSURE CERTIFICATE APPENDIX D - FORM OF OPINION OF BOND COUNSEL APPENDIX E - THE BOOK -ENTRY SYSTEM OFFICIAL STATEMENT $5397459000* CITY OF BALDWIN PARK 2019 TAXABLE PENSION OBLIGATION BONDS This Official Statement which includes the cover page, the inside front cover page and appendices (the "Official Statement"), is provided to furnish certain information concerning the sale of the City of Baldwin Park (the "City") 2019 Taxable Pension Obligation Bonds (the "Bonds"), in the aggregate principal amount of $53,745,000*. INTRODUCTION This Introduction contains only a brief description of this issue and does not purport to be complete. This Introduction is subject in all respects to more complete information in the entire Oficial Statement and the offering of the Bonds to potential investors is made only by means of the entire Official Statement and the documents summarized herein. Potential investors must read the entire Oficial Statement to obtain information essential to the making of an informed investment decision (see "RISK FACTORS" herein). For definitions of certain capitalized terms used herein and not otherwise defined, and the terms relating to the Bonds, see the summary included in "APPENDIX A - SUMMARY OF CERTAIN PROVISIONS OF PRINCIPAL LEGAL DOCUMENTS" herein. The City The City of Baldwin Park (the "City") was incorporated as a general law city in 1956. The City operates under the Council -chief executive officer form of government. The City encompasses 6.7 square miles and is located in the San Gabriel Valley area of Los Angeles County. Neighboring communities include West Covina, Irwindale and El Monte (see "CITY OF BALDWIN PARK" herein). Purpose Proceeds from the Bonds will be used to finance a portion of the cost of the City's unfunded accrued actuarial liability to CalPERS, and pay costs related to the issuance of the Bonds (see "THE FINANCING PLAN - Estimated Sources and Uses of Funds" herein). Security and Sources of Repayment The Bonds are secured under a Trust Agreement, dated as of January 1, 2019, (the "Trust Agreement"), by and between the City and U.S. Bank National Association, Los Angeles, California, as trustee (the "Trustee") (see "APPENDIX A - SUMMARY OF CERTAIN PROVISIONS OF PRINCIPAL LEGAL DOCUMENTS" herein). For the purpose of paying the principal of and interest on the Bonds, the City Council is obligated, under the Trust Agreement, to take such actions annually as are necessary or appropriate to cause the debt service on the Bonds due in any fiscal year to be included in the budget for such fiscal year and to make the necessary appropriations therefor from any legally available funds, including the General Fund, to ensure that sufficient sums are available to pay the annual principal of and interest on the Bonds as the same become due. See "SOURCE OF PAYMENT FOR THE BONDS" herein. * Preliminary, subject to change. For a summary of the Trust Agreement, see "APPENDIX A - SUMMARY OF CERTAIN PROVISIONS OF PRINCIPAL LEGAL DOCUMENTS" herein. Certain capitalized terms used in this Official Statement and not otherwise defined have the meanings given them in "APPENDIX A." Limited Obligation The obligation of the City to pay the Bonds does not constitute an obligation for which the City is obligated to levy or pledge any form of taxation or for which the City has pledged any form of taxation. The obligation of the City to pay the Bonds does not constitute a debt of the State of California (the "State") or of any political subdivision thereof within the meaning of any constitutional or statutory debt limitation or restriction. No Reserve Fund The City will not fund a reserve fund for the Bonds. Legal Matters All legal proceedings in connection with the issuance of the Bonds are subject to the approving opinion of Quint & Thimmig LLP, Larkspur, California, as Bond Counsel. Such opinion, and certain tax consequences incident to the ownership of the Bonds are described more fully under the heading "TAX MATTERS" herein. Certain legal matters will be passed upon for the City by Quint & Thimmig LLP, Larkspur, California, as Disclosure Counsel, and by Tafoya & Garcia LLP, Los Angeles, California, as City Attorney. Certain matters will be passed upon for the Underwriter by Stradling Yocca Carlson & Rauth, a Professional Corporation, Newport Beach, California. Offering of the Bonds Authority for Issuance and Delivery. The Bonds are to be issued in accordance with applicable provisions of the California Government Code, the Trust Agreement and by Resolution No. 2018-286 of the City adopted on August 15, 2018. Offering and Delivery of the Bonds. The Bonds are offered, when, as and if issued, subject to the approval as to their legality by Quint & Thimmig LLP, Larkspur, California, Bond Counsel. It is anticipated that the Bonds, in book -entry form, will be available for delivery on or about January 31, 2019 through the facilities of The Depository Trust Company. See "APPENDIX E - THE BOOK -ENTRY SYSTEM." Summaries Not Definitive The summaries and references contained herein with respect to the Trust Agreement, the Bonds, the Retirement Law and other statutes or documents do not purport to be comprehensive or definitive and are qualified by reference to each such document or statute, and references to the Bonds are qualified in their entirety by reference to the form thereof included in the Trust Agreement. Copies of the documents described herein are available for inspection during the period of initial offering of the Bonds at the offices of the Municipal Advisor. Copies of these documents may be obtained after delivery of the Bonds at the trust office of the Trustee, U.S. Bank National Association, Los Angeles, California or from the City at 14403 E. Pacific Avenue, Baldwin Park, California 91706. 2 THE FINANCING PLAN The City is a member of the CaIPERS and, as such, is obligated by the Public Employees' Retirement Law, constituting Part 3 of Division 5 of Title 2 of the California Government Code (the "Retirement Law"), and the contract between the Board of Administration of CaIPERS and the City Council of the City, dated January 1, 1968, as amended (the "CaIPERS Contract"), to make contributions to CaIPERS to (a) fund pension benefits for City employees who are members of CaIPERS, (b) amortize the Unfunded Liability (the "Unfunded Liability") with respect to such pension benefits, and (c) appropriate funds for the purposes described in (a) and (b). Pursuant to the Retirement Law, the City Council is required to make the appropriations to pay the amounts required to be paid by the City pursuant to the Retirement Law, including the unfunded accrued actuarial liability that is evidenced by the Bonds. See "SOURCE OF PAYMENT FOR THE BONDS." On October 30, 2018, the City, acting pursuant to the provisions of Sections 860 et seq. of the California Code of Civil Procedure and Government Code Sections 53511 and 53589.5, filed a complaint in the Superior Court of the State of California for the County of Los Angeles seeking judicial validation of the proceedings and transactions relating to the issuance of the Bonds and certain other matters. On November _, 2018, the court entered a default judgment (the "Validation Judgment") to the effect, among other things, that the Bonds are valid obligations of the City and in conformity with all applicable provisions of law. See the section entitled "VALIDATION" for additional information regarding the legal effects of the Validation Judgment. In August 2018, CaIPERS notified the City as to the amount of the Unfunded Liabilities for the City's Miscellaneous Plan, Safety Plan and PEPRA Safety Plan based on the actuarial valuation reports as of June 30, 2017 (the "2017 CaIPERS Reports"), which is the most recent actuarial valuation routinely performed by CaIPERS. The Bonds are being issued under the Trust Agreement to fund 100% of the City's June 30, 2017 Unfunded Liability for its Miscellaneous Plan and its Safety Plan (but not the PEPRA Plan), as of January 31, 2019. Upon the issuance of the Bonds, the City will pay $53,366,378 to CaIPERS for deposit to the CaIPERS Payment Fund. This amount represents the June 30, 2017 Unfunded Liability for the Miscellaneous Plan and the Safety Plan, rolled forward to January 31, 2019 and taking into account payments made during 2017-18 and 2018-19, as shown in the table below: Funded Ratio As of Plan June 30, 2017 Miscellaneous Plan 70.7% Safety Plan 72.7% PEPRA Safety Plan 94.9% Unfunded June 30, 2017 Liability Unfunded Liability As of Rolled Forward June 30, 2017 to June 30, 201 $23,043,613 $23,511,617 29,705,772 30,663,054 18,272 38,486 Source: California Public Employees' Retirement System. June 30, 2017 Unfunded Liability Rolled Forward to January 31. 2019 $23,011,972 30,354,406 N/A A new Unfunded Liability will be created as of June 30, 2018 which is not included in the 2017 CaIPERS Reports since CaIPERS will be implementing changes in the discount rates used to calculate the Unfunded Liability for fiscal year ending June 30, 2018 — causing the liability to increase, and actual investment results through June 30, 2018 will also be reflected. With respect to the new Unfunded Liability for the three plans, or existing Unfunded Liability for the PEPRA plan, the City could choose to pay it in a lump sum amount or in installments when due to CaIPERS, or the City could choose to issue additional pension obligation bonds. See the caption "THE CITY - Retirement Contributions - City Actions to Pay Unfunded Liability" herein. Failure by CaIPERS to achieve its target investment returns or certain future amendments to the Ca1PERS Contract which add additional value to any of the three plans in which the City participates could also generate additional Unfunded Liability for the City (which could be paid as described in the foregoing sentence). Estimated Sources and Uses of Funds Under the provisions of the Trust Agreement, the Trustee will receive the proceeds from the sale of the Bonds, together with other available funds, and will apply them as follows: Sources of Funds Par Amount of Bonds Original Issue Premium (Discount) Total Sources of Funds Uses of Funds Transfer to CalPERS Payment Fund Underwriter's Discount Costs of Issuance Fund Total Uses of Funds Expenses include fees and expenses of Bond Counsel, Municipal Advisor, Disclosure Counsel and Trustee, rating fees, costs of printing the Official Statement, and other costs of issuance of the Bonds. THE BONDS General Provisions Payment of the Bonds. The Bonds are issuable in fully registered form without coupons in denominations of $5,000 or any integral multiple thereof. The Bonds will be dated as of the Closing Date and will mature on June 1 in the years and in the respective principal amounts and bear interest at the respective rates per annum (calculated on the basis of a 360- day year comprised of twelve 30 -day months) set forth on the inside front cover hereof. Interest on the Bonds is payable on each June 1 and December 1, commencing June 1, 2019, (each, an "Interest Payment Date") until maturity. Interest on the Bonds is payable from the Interest Payment Date immediately preceding the date of authentication thereof unless: (a) a Bond is authenticated on or before an Interest Payment Date and after the preceding Record Date, in which event it will bear interest from such Interest Payment Date, (b) a Bond is authenticated on or before the first Record Date, in which event interest thereon will be payable from the Closing Date, or (c) interest on a Bond is in default as of the date of authentication thereof, in which event interest thereon will be payable from the date to which interest has been paid in full. Interest is payable on each Interest Payment Date to the persons in whose names the ownership of the Bonds is registered on the Registration Books on the immediately preceding Record Date, except as provided below. Interest on a Bond which is not punctually paid or duly provided for on any Interest Payment Date is payable to the person in whose name the ownership of such Bond is registered on the Registration Books on a special record date for the payment of such defaulted interest to be fixed by the Trustee, notice of which is given to such Owner by first-class mail not less than 10 days prior to such special record date. The Trustee will pay interest on the Bonds by check of the Trustee mailed by first class mail, postage prepaid, on each Interest Payment Date to the Owners of the Bonds at their respective addresses shown on 4 the Registration Books as of the close of business on the preceding Record Date. At the written request of the Owner of Bonds in an aggregate principal amount of at least $1,000,000, which written request is on file with the Trustee as of any Record Date, the Trustee will pay interest on such Bonds on each succeeding Interest Payment Date by wire transfer in immediately available funds to such account of a financial institution within the United States of America as specified in such written request, which written request will remain in effect until rescinded in writing by the Owner. The Trustee will pay principal of the Bonds in lawful money of the United States of America by check of the Trustee upon presentation and surrender thereof at the Office of the Trustee. Book -Entry System. DTC will act as securities depository for the Bonds. The Bonds will be issued as fully registered securities registered in the name of Cede & Co. (DTC's partnership nominee) or such other name as may be requested by an authorized representative of DTC. Interest on and principal of the Bonds will be payable when due by wire of the Trustee to DTC which will in turn remit such interest and principal to DTC Participants (as defined herein), which will in turn remit such interest and principal to Beneficial Owners (as defined herein) of the Bonds (see "APPENDIX E - THE BOOK -ENTRY SYSTEM" herein). As long as DTC is the registered owner of the Bonds and DTC's book -entry method is used for the Bonds, the Trustee will send any notices to Bond Owners only to DTC. Redemption Optional Redemption. The Bonds maturing on or before June 1, 2029, are not subject to optional redemption prior to their respective stated maturities. The Bonds maturing after June 1, 2029, are subject to optional redemption from any source of available funds of the City, prior to their respective maturities, in whole or in part among maturities as specified by the City, and by lot within a maturity, on any date on or after June 1, 2029, at a redemption price equal to 100% of the principal amount of the Bonds to be redeemed, plus accrued interest thereon to the date of redemption, without premium. Sinking Account Redemption. The Bonds maturing June 1, 2039*, are subject to mandatory redemption from mandatory Sinking Account payments, in part, by lot, on June 1, , and on each June 1 thereafter to and including June 1, , from money on hand in the Sinking Account at a redemption price equal to the principal amount thereof, plus accrued interest thereon to the redemption date, without premium, as set forth below (subject to modification in the event of an optional redemption mentioned above): Redemption Date Principal June 1 Amount (maturity) The Bonds maturing June 1, 2044*, are subject to mandatory redemption from mandatory Sinking Account payments, in part, by lot, on June 1, , and on each June 1 thereafter to and including June 1, , from money on hand in the Sinking Account at a redemption price equal to the principal amount thereof, plus accrued interest thereon to the redemption date, without premium, as set forth below (subject to modification in the event of an optional redemption mentioned above): Redemption Date Principal June 1 Amount * Preliminary, subject to change. (maturity) 5 Notice of Redemption. The Trustee on behalf and at the expense of the City will mail (by first class mail) notice of any redemption to the respective Owners of Bonds designated for redemption at their respective addresses appearing on the Registration Books, and to the Securities Depositories and to one or more Information Services, at least 30 but not more than 60 days prior to the date fixed for redemption; provided, however, that neither failure to receive any such notice so mailed nor any defect therein will affect the validity of the proceedings for the redemption of such Bonds or the cessation of the accrual of interest thereon. Such notice must state the date of the notice, the redemption date, the redemption place and the redemption price and must designate the CUSIP numbers, the Bond numbers and the maturity or maturities (in the event of redemption of all of the Bonds of such maturity or maturities in whole) of the Bonds to be redeemed, and must require that such Bonds be then surrendered at the Office of the Trustee identified in such notice for redemption at the redemption price, giving notice also that further interest on such Bonds will not accrue from and after the redemption date. So long as DTC is the registered Owner of the Bonds, all such notices will be provided to DTC as the Owner, without respect to the beneficial ownership of the Bonds. See "APPENDIX E - THE BOOK -ENTRY SYSTEM." Right to Rescind Notice of Redemption. The City has the right to rescind any notice of the optional redemption of Bonds by written notice to the Trustee prior to the dated fixed for redemption. Any notice of optional redemption will be cancelled and annulled if for any reason funds will not be or are not available on the date fixed for redemption for the payment in full of the Bonds then called for redemption, and such cancellation will not constitute an Event of Default. The City and the Trustee have no liability to the Owners or any other party related to or arising from such rescission of redemption. The Trustee shall mail notice of such rescission of redemption in the same manner as the original notice of redemption was sent. Manner of Redemption. Whenever provision is made in the Trust Agreement for the redemption of less than all of the Bonds of a maturity, the Trustee shall select the Bonds of such maturity to be redeemed by lot in any manner which the Trustee in its sole discretion deems appropriate. For purposes of such selection, all Bonds will be deemed to be comprised of separate $5,000 denominations and such separate denominations will be treated as separate Bonds which may be separately redeemed. Partial Redemption of Bonds. If only a portion of a Bond is called for redemption, then upon surrender of such Bond the City will execute and the Trustee shall authenticate and deliver to the Owner thereof, at the expense of the City, a new Bond or Bonds of the same series and maturity date, of authorized denominations in aggregate principal amount equal to the unredeemed portion of the Bond to be redeemed. Effect of Redemption. From and after the date fixed for redemption, if notice of redemption has been duly mailed and funds available for the payment of the principal of and interest on the Bonds so called for redemption have been duly provided, such Bonds so called shall cease to be entitled to any benefit under the Trust Agreement other than the right to receive payment of the redemption price, and no interest shall accrue thereon from and after the redemption date specified in such notice. Cal Scheduled Debt Service on the Bonds The following is a schedule of annualized debt service on the Bonds. Period Ending June 1 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 Total Principal VA Interest Annual Debt Service SOURCE OF PAYMENT FOR THE BONDS General The Bonds are obligations imposed by law payable from funds to be appropriated by the City pursuant to the Retirement Law, and therefore are payable from any source of legally available funds of the City, including but not limited to amounts held by the City on deposit in its General Fund. The Trust Agreement requires the City to pay debt service payments to the Trustee at least 5 Business Days preceding each Interest Payment Date. The Trust Agreement secures the payment of the Bonds and obligates the Trustee to hold all the amounts on deposit in the Debt Service Fund and its accounts in trust for the payment of the principal of and interest on the Bonds in accordance with their terms and the provisions of the Trust Agreement. The Bonds do not constitute an obligation of the City for which the City is obligated to levy or pledge any form of taxation. Neither the Bonds nor the obligation of the City to make payments on the Bonds constitute an indebtedness of the City, the State of California, or any of its political subdivisions within the meaning of any constitutional or statutory debt limitation or restriction. Debt Service Fund The Trust Agreement establishes a separate fund to be known as the "Debt Service Fund," to be held by the Trustee in trust for the benefit of the Owners. The Trustee will hold the Debt Service Fund for the uses and purposes set forth herein, so long as any of the Bonds remain Outstanding. The Trustee will deposit all amounts paid to it by the City in the Debt Service Fund promptly upon receipt. On or before the Business Day preceding each Interest Payment Date, the Trustee shall transfer from the Debt Service Fund and deposit into the following respective accounts (each of which the Trustee shall establish and maintain within the Debt Service Fund), the following amounts, in the following order of priority, the requirements of each such account (including the making up of any deficiencies in any such account resulting from insufficiencies of any earlier required deposit) at the time of deposit to be satisfied before any transfer is made to any account subsequent in priority: First: to the Interest Account, the aggregate amount of interest becoming due and payable on the next succeeding Interest Payment Date on all Bonds then Outstanding; Second: to the Sinking Account, the mandatory sinking fund payment becoming due and payable on the Outstanding Bonds on the next succeeding Interest Payment Date, if any; and Third: to the Principal Account, the aggregate amount of principal becoming due and payable on the Outstanding Bonds on the next succeeding Interest Payment Date, if any. No Reserve Fund The City will not fund a reserve fund for the Bonds. 8 CITY OF BALDWIN PARK General Information The City is located in eastern Los Angeles County (the "County") near the intersection of Interstate 10 and Interstate 605 in the area of the County known as the "San Gabriel Valley." The City is located 17 miles east of downtown Los Angeles, adjacent to the cities of West Covina, Irwindale and El Monte, just south of the foothills of the San Gabriel Mountains. General Organization The City was incorporated as a general law city in 1956, and, operates under the City Council/Chief Executive Officer form of government. The City is governed by a five -member council consisting of four members each elected at large for four-year alternating terms and an elected Mayor. The positions of Chief Executive Officer and City Attorney are filled by appointments of the City Council. The current members of the City Council, the expiration dates of their terms and key administrative personnel are set forth below. [update for any changes post-election] CITY COUNCIL Council Member Term Expires Manuel Lozano, Mayor November 2018 Ricardo Pacheco, Mayor Pro Tem November 2020 Cruz Baca, Council Member November 2018 Monica Garcia, Council Member November 2020 Susan Rubio, Council Member November 2018 CHIEF ADMINISTRATIVE PERSONNEL Shannon Yauchzee, Chief Executive Officer Rose Tam, Director of Finance Maria Contreras, City 1f easurer Samuel Gutierrez, Director of Public Works Andre Dupret, Interim Director of Community Development Michael Taylor, Chief of Police Alejandra Avila, City Clerk Governmental Services The City's Fiscal Year 2018-19 budget provides for 187 full-time positions, including sworn police officers. The City has another 200 part-time budgeted positions in Fiscal Year 2018-19, primarily in Recreation and Community Services. The City provides a range of municipal services in addition to police protection. Other City services include recreation and community service, parks, street maintenance and improvements, storm drains maintenance and improvements, local transit services, planning, zoning, building inspection, code enforcement and general administrative and support services. The County provides fire and emergency services to the City, in addition to library services. The City also contracts with the County for animal control services. 9 Transportation Baldwin Park enjoys easy access to the Southern California Freeway System. A major east -west freeway, Interstate 10 (San Bernardino Freeway) runs through the southern section of the City. The City is also served by State Highway 60 (Pomona Freeway) to the south, State Highway 57 (Orange Freeway) to the east and Interstate 605 (San Gabriel Freeway) to the west. A Metrolink line runs through the City, with a station adjacent to City Hall. This Metrolink line provides access from the City to downtown Los Angeles and east to San Bernardino County. A Transit Center and parking facility located between City Hall and the Metrolink Station serves both facilities. Ontario International Airport is located 24 miles east of the City and is served by most domestic carriers. Los Angeles International Airport is located 35 miles west of the City and is served by every major airline. Population The following table provides population growth for the City and the County between 2014 and 2018. TABLE NO. 1 CHANGE IN POPULATION CITY OF BALDWIN PARK AND LOS ANGELES COUNTY 2014-2018 % Change Between 2014 - 2018 0.9% 1.9% Source: State of California, Department of Finance, "E-4 Population Estimates for Cities, Counties and the State, 2011-2018, with 2010 Census Benchmark" Sacramento, California, May 2018. 10 BALDWIN PARK LOS ANGELES COUNTY January 1 Percentage Percentage Year Ponulation Chanee Population Change 2014 76,022 10,088,458 2015 76,183 0.2% 10,149,661 0.6% 2016 76,116 (0.1%) 10,180,169 0.3% 2017 76,463 0.5% 10,231,271 0.5% 2018 76,708 0.3% 10,283,729 0.5% % Change Between 2014 - 2018 0.9% 1.9% Source: State of California, Department of Finance, "E-4 Population Estimates for Cities, Counties and the State, 2011-2018, with 2010 Census Benchmark" Sacramento, California, May 2018. 10 Per Capita Personal Income The most recent available per capita personal income information for the County, the State of California and the United States are summarized in the following table. The City's per capita personal income in not available. TABLE NO.2 PER CAPITA PERSONAL INCOME LOS ANGELES COUNTY, STATE OF CALIFORNIA AND UNITED STATES 2012-2016 Year Los Anaeles County 2012 $48,900 2013 48,283 2014 51,111 2015 54,298 2016 55,624 State of California 0) United States 0) $48,369 $44,282 48,570 44,493 51,344 46,494 54,718 48,451 56,374 49,246 For Los Angeles County, State of California and United States, per capita personal income was computed using Census Bureau midyear population estimates. Estimates for 2012-2016 reflect county population estimates available as of March 2017. Note: All dollar estimates are in current dollars (not adjusted for inflation). Last updated: November 16, 2017, new estimates for 2016; revised estimates for 2012-2015. Source: U.S. Department of Commerce, Bureau of Economic Analysis. 11 Employment and Industry As of July 2018, the civilian labor force for the City was approximately 35,300 of whom 33,400 were employed. The unadjusted unemployment rate as of July 2018 was 5.3% for the City as compared to 5.1% for the County and 4.4% for the State. Civilian labor force, employment and unemployment statistics for the City, County, the State and the nation, for the years 2013 through 2017 are shown in the following table: 2014 City of Baldwin Park 35,409 TABLE NO.3 3,851 10.9% CIVILIAN LABOR FORCE, EMPLOYMENT AND UNEMPLOYMENT 4,591,100 413,000 ANNUAL AVERAGES California 18,758,400 17,351,300 Civilian 7.5% United States Unemployment Year Labor Force Employment Unemployment Rate 2013 City of Baldwin Park 34,990 City of Baldwin Park 35,457 30,923 4,534 12.8% Los Angeles County 4,967,200 4,482,600 484,600 9.8% California 18,625,000 16,958,400 1,666,600 8.9% United States 155,389,000 143,929,000 11,460,000 7.4% 2014 City of Baldwin Park 35,409 31,558 3,851 10.9% Los Angeles County 5,004,100 4,591,100 413,000 8.3% California 18,758,400 17,351,300 1,407,100 7.5% United States 155,922,000 146,305,000 9,617,000 6.2% 2015 City of Baldwin Park 34,990 31,919 3,071 8.8% Los Angeles County 5,002,300 4,671,100 331,200 6.6% California 18,896,500 17,724,800 1,171,700 6.2% United States 157,130,000 148,834,000 8,296,000 5.3% 2016 City of Baldwin Park 34,463 32,574 1,889 5.5% Los Angeles County 5,054,900 4,789,500 265,400 5.3% California 19,093,700 18,048,800 1,044,800 5.5% United States 159,187,000 151,436,000 7,751,000 4.9% 2017 City of Baldwin Park 34,986 33,214 1,772 5.1% Los Angeles County 5,123,900 4,883,600 240,300 4.7% California 19,312,000 18,393,100 918,900 4.8% United States 160,320,000 153,337,000 6,982,000 4.4% Note: The unemployment rate is calculated using unrounded data. Data may not add due to rounding. Source: California State Employment Development Department and United States Bureau of Labor Statistics. 12 The City is located in the Los Angeles -Long Beach -Glendale Metropolitan Division. TABLE NO.4 LOS ANGELES -LONG BEACH-GLENDALE METROPOLITAN DIVISION WAGE AND SALARY WORKERS BY INDUSTRY (in thousands) Industry 2014 2015 2016 2017 2018 Government 522.7 538.9 545.6 554.1 552.5 Other Services 150.2 151.5 153.7 154.7 153.1 Leisure and Hospitality 470.0 494.8 517.2 530.1 558.6 Educational and Health Services 703.4 727.5 753.0 785.3 797.5 Professional and Business Services 587.1 593.8 603.8 619.3 624.8 Financial Activities 210.8 216.9 220.8 222.8 223.4 Information 193.4 202.6 225.0 205.0 209.7 Transportation, Warehousing and Utilities 162.7 171.4 183.9 192.9 192.2 Service Producing Retail Trade 408.6 415.2 417.4 418.5 416.4 Wholesale Trade 221.3 226.3 225.9 224.0 222.1 Manufacturing Nondurable Goods 162.2 159.9 157.0 147.2 147.3 Durable Goods 209.0 209.4 203.3 202.4 205.1 Goods Producing Construction 118.9 128.3 135.9 140.6 142.7 Mining and Logging 3.1 2.9 2.5 2.2 2.3 Total Nonfarm 4,123.4 4,239.4 4,345.0 4,399.1 4,447.7 Farm 5.2 5.1 5.4 6.3 6.4 Total (all industries) 49.4 4 44 (1) Annually, as of July. Source: State of California Employment Development Department, Labor Market Information Division, "Industry Employment & Labor Force - by month March 2017 Benchmark. " 13 TABLE NO. 5 MAJOR EMPLOYERS The major employers operating within the City and their respective number of employees as of June 30, 2017 were as follows: Name of Company Employment TyDe of Business/Service Baldwin Park Unified School District 1,975 School District Baldwin Park City Hall 454 City Government Walmart Supercenter 350 Retail Durham School Services 301 Transportation Esther Snyder Community Center 300 City Government LA Department of Public Health 300 County Government Los Angeles County Department of Parks 300 County Government Morgan Park 300 City Government Waste Management Inc. 300 Waste Disposal Target 200 Retail Source: City of Baldwin Park. The City is not aware of any significant changes in its largest employers since June 2017. Commercial Activity The following table summarizes the volume of retail sales and taxable transactions for the City for 2012 through 2016 (the most recent year for which statistics are available from the State Board of Equalization for the full year). TABLE NO.6 TOTAL TAXABLE TRANSACTIONS 2012-2016 Source: State Board of Equalization, "Taxable Sales in California. " 14 Retail and Total Taxable Food Services Transactions Yea r0($ 00's) % Change 0001s % Change 2012 $412,363 $537,527 2013 409,864 (0.6)% 513,140 (4.5%) 2014 427,241 4.2% 505,558 (1.5%) 2015 435,215 1.9% 516,594 2.2% 2016 433,827 (0.3%) 523,462 1.3% Source: State Board of Equalization, "Taxable Sales in California. " 14 Taxable transactions by type of business for the City are summarized below for 2012 through 2016 (the most recent year for which full -year statistics are available). TABLE NO. 7 CITY OF BALDWIN PARK TAXABLE TRANSACTIONS BY TYPE OF BUSINESS (in thousands) 2012-2016 Note: Detail may not compute to total due to rounding. Source: California State Board of Equalization, "Taxable Sales in California Cities, by Type of Business. Building Activity The following table summarizes building activity valuations for the City for the five fiscal years 2013-14 through 2017-18. TABLE NO.8 BUILDING ACTIVITY AND VALUATION 2013-14 through 2017-18 2013-14 2014-15 2015-16 2016-17 2017-18 Estimated Valuation Building Permits Issued Source: Community Development Department, City of Baldwin Park. 15 2012 2013 2014 2015 2016 Retail and Food Services Clothing and Clothing Accessories Stores $ 7,569 $ 7,905 $ 8,231 $ 8,680 $ 8,665 General Merchandise Stores 95,030 93,213 92,144 92,056 92,775 Food and Beverage Stores 29,746 29,840 31,252 32,499 33,017 Food Services and Drinking Places 72,053 74,182 81,432 89,403 92,446 Home Furnishings and Appliance Stores 4,619 6,208 6,610 8,205 9,000 Building Materials and Garden Equipment and Supplies 61,293 66,469 76,229 78,668 81,352 Motor Vehicle and Parts Dealers 26,903 23,907 25,354 30,099 30,797 Gasoline Stations 73,372 65,726 66,270 56,802 49,337 Other Retail Group 41,778 42,415 39,720 38,804 _36,437 Total Retail and Food Services 412,363 409,864 427,241 435,215 433,827 All Other Outlets 125,164 103,276 78,317 81,379 89,635 Total All Outlets $537,527 $513,140 $505,558 $516,594 $523,462 Note: Detail may not compute to total due to rounding. Source: California State Board of Equalization, "Taxable Sales in California Cities, by Type of Business. Building Activity The following table summarizes building activity valuations for the City for the five fiscal years 2013-14 through 2017-18. TABLE NO.8 BUILDING ACTIVITY AND VALUATION 2013-14 through 2017-18 2013-14 2014-15 2015-16 2016-17 2017-18 Estimated Valuation Building Permits Issued Source: Community Development Department, City of Baldwin Park. 15 FINANCIAL INFORMATION Fiscal Policies The City Council has adopted a Fund Balance Reserve Policy that forms the overall framework within which the City's General Fund operating budget is formulated. Fund Balance Reserve Policy • The City will categorize its fund balances based on the nature and extent of the constraints placed on them in accordance with Governmental Accounting Standards Board Statement No. 54, using the following categories: - Nonspendable - including but not limited to inventories and prepaid items - Restricted - external restrictions - Committed - imposed by resolution - Assigned - general intent for specific use - Unassigned - residual balance • The City will maintain reserve balance of 10% of General Fund budgeted operating expenditures, for emergency purposes or for fluctuations in the economy. • The City has committed the Future Development fund balance for future projects. • The City has committed the Community Enhancement fund balance for future community projects. Capital Improvement Proiects The City prepares a 5 -year Capital Improvement Plan that details the anticipated projects to be funded, and identifies a funding source, if known. The 5 -year Capital Improvement Plan is updated annual, and current fiscal year funding sources are appropriated. Debt Manasement Polic The City has adopted a debt management policy to establish guidelines and parameters for the effective governance, management and administration of debt issued by the City and its related entities and to ensure compliance with legislation, statutes, and laws that place regulations on local agency debt. Five elements have been incorporated into this policy: • The purposes for which the debt proceeds may be used. • The types of debt that may be issued. • The internal control procedures that the City has implemented, or will implement, to ensure that the proceeds of the proposed debt issuance will be directed to the intended use. • The relationship of the debt to, and integration with, the City's capital improvement program or budget, if applicable; and • Policy goals related to the City's planning goals and objectives. 16 The City has a number of operational policies regarding purchasing, travel, credit cards, administration of federal grants to guide in the day to day operations of the City. Budgetary Process and Administration The City budget is prepared under the direction of the Chief Executive Officer. Revenues are budgeted by source. Expenditures are budgeted by function, with sub classifications by department, cost center, object of expenditure, and project. Total budgeted expenditures of each Governmental Fund may not legally exceed such fund's appropriations. The City Council approves total budgeted appropriations and any amendments to total appropriations made during the year. This appropriated budget covers substantially all City expenditures, with the exception of Assessment District and Low/Moderate Income Housing Special Revenue Funds and Debt Service and Capital Projects Funds, which have legally authorized nonappropriated budgets. Department heads are authorized to transfer budgeted amounts up to $10,000 between cost centers and any amount which does not alter total budgeted appropriations to a cost center. The Chief Executive Officer is authorized to transfer amounts in excess of $10,000. City Council approval is required for any overall increase in total appropriations to a fund. The legal level of budgetary control is the fund level. All appropriations lapse at year-end and are appropriated and budgeted again, if necessary. Formal budgetary integration is employed as a management control device. Commitments for materials and services, such as purchase orders and contracts, are recorded during the year as encumbrances to assist in controlling expenditures. Such encumbrances are reappropriated into the City's budget for the next fiscal year. Fiscal Year 2018-19 Outlook The City's local economy benefits from being part of the larger Los Angeles area economy and has produced steady growth in sales tax and property assessed values over the last several years. In the same period, the City's utility users tax and franchise fees have remained relatively flat. Due to rising costs of salaries, pension and retiree health costs and general insurance costs, the City's theme for the Fiscal 2018-19 Budget was "Increase Reserves; Reduce Future Costs; Generate Long -Term Savings; Identify New Revenue Streams." In 2017, the City authorized medical and adult use commercial cannabis activities in the City (see "Commercial Cannabis Fees" below), which is expected to generate $4.4 million in Fiscal Year 2018-19. The City has budgeted to set aside $2 million generated by the fees in Fiscal Year 2018-19 in the Community Enhancement Fund for programs that benefit the community. The issuance of the Bonds is part of the City's plan to manage its future pension expenditures. The debt service on the Bonds is relatively level compared to the steeply ascending UAL payments over the next several years. The City paid the final installment of debt service due for its 2007 Pension Obligation Bonds in June 2018. The savings generated in Fiscal Year 2018-19 as a result of the payment in full of the prior 2007 Pension Obligation Bonds is $1.9 million. Comparative General Fund Revenues and Expenditures The City's General Fund Budget includes programs which are provided on a largely city-wide basis. The programs and services are financed primarily by the City's share of property tax, sales tax, revenues from the State, and charges for services provided, as described below. 17 Budset and Actual Comparisons A comparison of the General Fund actual revenues and expenditures for Fiscal Years 2015-16 and 2016- 17, unaudited revenues and expenditures for 2017-18 and the Fiscal Year 2018-19 Budget is shown in Table No. 9. Historical General Fund activity is shown in Table Nos. 16 and 17. Revenues Revenues in Table No. 9 are categorized as: • Taxes. Taxes are detailed in "TABLE NO. 14 - TAX REVENUES BY SOURCE," and include general property tax (and property tax in lieu of vehicle license fees), sales tax, utility users tax, franchise tax, transient occupancy tax, and other taxes. • Licenses and Permits. These revenues consist primarily of building construction permit fees, and the cannabis permit fees. See "Commercial Cannabis Fees" herein. • Intergovernmental Revenues. These revenues consist primarily of state payments from the Supplemental Law Enforcement Services Fund and reimbursement for other State -mandated costs. • Fines and Forfeitures. There revenues are generated from vehicle code fines, parking and truck parking citations and code enforcement citations. • Use of Money and Property. These revenues consist primarily of investment earnings and facility rental income. • Charges for Services. The City charges fees for dispatch services and alarm response, plan checking, building inspection and other municipal services. The City also charges billboard fees. In addition, the City collects fees for its recreation programs as well as its latch -key childcare program. • Other Revenue. This category consists generally of sale of property and other miscellaneous revenues. The largest components of Fiscal Year 2018-19 General Fund budgeted revenues are property tax, including property tax in -lieu of motor vehicle license fees and Successor Agency residual property tax (35.2%) and sales tax (20.5%). The cannabis cultivation fees represent 13.3% of Fiscal Year 2018-19 General Fund budgeted revenues. Expenditures The expenditures in Table No. 9 are categorized by governmental function. Each function generally includes salaries and benefits, materials and supplies, and capital outlay, if any. Salaries and Benefits include direct personnel costs, benefits, health insurance costs and workers' compensation and unemployment insurance costs. Materials and supplies include non -personnel operating costs and contract professional services. Public safety expenditures represent approximately 67% of the total budgeted General Fund expenditures for Fiscal Year 2018-19. 18 TABLE NO. 9 CITY OF BALDWIN PARK GENERAL FUND REVENUES AND EXPENDITURES Expenditures: General Government 2015-16 2016-17 2017-18 2018-19 Public Safety Actual Actual Unaudited Budget (1) Revenues: 1,208,325 1,153,584 1,496,259 1,172,831 Property Tax $ 3,957,924 $ 3,605,804 $ 3,944,479 $ 4,127,117 Property Tax in Lieu of VLF 7,136,598 7,440,368 7,765,295 7,589,175 Sales Tax 5,918,556 5,715,049 6,421,278 6,834,697 Franchise Tax 2,435,827 2,416,043 2,563,354 2,521,835 Utility Users Tax 2,305,780 2,401,252 2,449,027 2,400,000 Other Taxes 988,250 1,251,337 1,547,602 1,484,700 Licenses and Permits 617,468 842,914 1,682,666 5,196,000 (2) Intergovernmental Revenue 292,828 258,946 240,058 203,489 Fines and Forfeitures 728,760 693,331 672,889 500,000 Use of Money & Property 278,646 284,279 402,568 239,000 Charges for Services 1,585,906 1,968,118 2,162,575 1,887,923 Other Revenue 55,525 429,358 1,575,347 (3) 327,340 Proceeds of Loans (4) 1,565,718 1,423,256 Total Revenues 26,302,068 28,872,517 32,850,394 33,311,276 Expenditures: General Government 3,160,542 3,546,947 3,195,064 3,811,294 Public Safety 18,195,609 18,860,919 21,106,513 21,450,027 Community Development 1,208,325 1,153,584 1,496,259 1,172,831 Public Works 328,232 2,274,235 1,448,566 213,176 Recreation Services 3,507,485 3,422,281 3,385,928 3,674,920 Capital Outlay 59,326 17,420 23,754 35,000 Transfers Out 1,307,361 915,740 678,522 770,467 Total Expenditures 27,766,880 30,191,126 31,334,606 31,127,715 Net Change in Fund Balance (1,464,812) (1,318,609) 1,515,788 2,183,561 Beginning Fund Balance 30,929,072 29,464,260 28,145,651 29,661,439 Ending Fund Balance $29,464,260 $28,145,651 $29,661,439 $31,845,000 Fund Balance: Nonspendable $14,240,315 $14,394,652 $14,775,111 $14,775,111 Committed/Unassigned 15,223,945 13,750,999 14,886,328 17,069,889 Total Fund Balance $29,464,260 $28,145,651 $29,661,439 $31,845,000 (1) The City budgets its Future Development Fund and Community Enhancement Fund separately from the General Fund. All three funds are combined in the Comprehensive Annual Financial Report and in this Table No. 9. (2) Includes new cannabis fees. See "Commercial Cannabis Fees" below. (3) Includes $875,000 from sale of property. (4) The City entered into an agreement with the California Energy Commission to purchase new HVAC, solar panels and other energy efficient equipment, which was disbursed to the City over 2 fiscal years. The project costs are reflected in the Public Works expenditures. Source: City of Baldwin Park. 19 Ad Valorem Property Taxes Taxes are levied for each fiscal year on taxable real and personal property which is situated in the City as of the preceding January 1. For assessment and collection purposes, property is classified either as "secured" or "unsecured," and is listed accordingly on separate parts of the assessment roll. The "secured roll" is that part of the assessment roll containing State assessed property and real property having a tax lien which is sufficient, in the opinion of the assessor, to secure payment of the taxes. Other property is assessed on the "unsecured roll." Property taxes on the secured roll are due in two installments, on November 1 and February 1 of the fiscal year. If unpaid, such taxes become delinquent on December 10 and April 10, respectively, and a 10% penalty attaches to any delinquent payment in addition to a $20 cost on the second installment. On July 1 of each fiscal year any property which is delinquent will become defaulted. Such property may thereafter be redeemed by payment of the delinquent taxes and the delinquency penalty, plus a redemption penalty of 1'/z% per month to the time of redemption, together with any other charges permitted by law. If taxes are unpaid for a period of five years or more, the property is subject to sale by the County Tax Collector. The exclusive means of enforcing the payment of delinquent taxes with respect to property on the secured roll is the sale of the property securing the taxes for the amount of taxes which are delinquent. Property taxes on the unsecured roll become delinquent, if unpaid on August 31. A 10% penalty attaches to delinquent taxes on property on the unsecured roll, and an additional penalty of 1'/z% per month begins to accrue on November 1 of the fiscal year. The County has four ways of collecting delinquent unsecured personal property taxes: (1) a civil action against the taxpayer; (2) filing a certificate in the office of the County Clerk specifying certain facts in order to obtain a judgment lien on certain property of the taxpayer; (3) filing a certificate of delinquency for record in the County Recorder's Office, in order to obtain a lien on certain property of the taxpayer; and (4) seizure and sale of personal property, improvements or possessory interests belonging or assessed to the assessee. Taxable Property and Assessed Valuation. Set forth in Table No. 10 are historical assessed valuations for secured and unsecured property within the City. Article XIIIA of the California Constitution prescribes the method for determining the full cash value of real property and the maximum ad valorem tax on real property. The full cash value, once established, is subject to annual adjustment to reflect inflation at a rate not to exceed 2% or a reduction in the California Consumer Price Index. There may also be declines in valuations if the California Consumer Price Index is negative. Proposition 8 provides for the assessment of real property at the lesser of its originally determined (base year) full cash value compounded annually by the inflation factor, or its full cash value as of the lien date, taking into account reductions in value due to damage, destruction, obsolescence or other factors causing a decline in market value. Reductions based on Proposition 8 do not establish new base year values, and the property may be reassessed as of the following lien date up to the lower of the then -current fair market value or the factored base year value. The City did not experience any significant Proposition 8 reductions in property values during the recent recession, although assessed value remained generally level between 2012 and 2014, after a reduction of 1.5% in 2011. See "RISK FACTORS - Constitutional Limitation on Taxes and Expenditures - Article XIIIA" and "- Proposition 8 Adjustments" herein. TABLE NO. 10 CITY OF BALDWIN PARK GROSS ASSESSED VALUE OF ALL TAXABLE PROPERTY Fiscal Year Secured Unsecured Total % Chanee 2009-10 $3,467,485,967 $175,025,517 $3,642,511,484 Wal Mart Real Estate Business Trust 2010-11 3,526,785,969 167,233,038 3,694,019,007 1.4% 2011-12 3,472,825,259 164,366,963 3,637,192,222 (1.5)% 2012-13 3,508,880,912 160,629,421 3,669,510,333 0.9% 2013-14 3,544,915,737 158,855,798 3,703,771,535 0.9% 2014-15 3,628,748,597 179,014,119 3,807,762,716 2.8% 2015-16 3,863,433,852 175,735,637 4,039,169,489 6.1% 2016-17 4,035,740,291 177,666,764 4,213,407,055 4.3% 2017-180) 4,218,210,643 174,640,902 4,392,851,545 4.3% 2018-190) 4,692,633,686 190,129,893 4,882,763,579 11.2% 0) These values are reported by the County of Los Angeles after the tax roll is equalized and may be different than values shown as of June 30 each fiscal year in the statistical section of the City's Comprehensive Annual Financial Report, which can contain mid -year roll adjustments. Source: County of Los Angeles Auditor -Controller. Largest Taxpayers. The principal property taxpayers for Fiscal Year 2016-17 are as shown in Table No. 11. [to be updated with 2017-18 information] TABLE NO. 11 CITY OF BALDWIN PARK LARGEST PROPERTY TAXPAYERS Source: City of Baldwin Park. 21 Assessed Percent Taxaaver Valuation of Total In N Out Burger Inc. $ 36,555,028 0.83% Wal Mart Real Estate Business Trust 31,507,597 0.72% Sierra Center Investments LLC 26,653,256 0.61% Home Depot USA 19,769,151 0.45% J&J Warehouse Company LLC 17,866,792 0.41% LBA RV Company XII LP 17,025,132 0.39% Target Corporation 15,375,765 0.35% M and A Gabaee LP 15,503,610 0.35% Baldwin Ohana LP 14,347,330 0.33% Offing Properties 14,082,937 0.32% Total $208,686,598 4.76% Source: City of Baldwin Park. 21 Property Tax Collections. Property tax levies and collections for the City are set forth in Table No. 12. The County has not adopted the Teeter Plan. TABLE NO. 12 CITY OF BALDWIN PARK TAX LEVIES AND COLLECTIONS Fiscal Total Year Tax Collections in Fiscal Year« Ended Levy for Percent June 30 Fiscal Year Amount of Lew 2013 $5,446,444 $6,169,518 113% 2014 5,618,605 5,641,888 100% 2015 5,851,753 5,822,686 100% 2016 5,745,219 5,700,095 99% 2017 6,109,703 6,051,017 99% Includes collection of delinquent taxes and supplemental assessments, net of current year delinquencies. Source: City of Baldwin Park and Los Angeles County Auditor -Controller. Redevelopment - Related Property Tax Considerations. The California Redevelopment Law (Part 1 of Division 24 of the Health and Safety Code of the State) authorized the redevelopment agency of any city or county to receive an allocation of tax revenues resulting from increases in assessed values of properties within designated redevelopment project areas (the "incremental value") occurring after the year the project area was formed. In effect, local taxing authorities, such as the City, realized tax revenues only on the assessed value of such property at the time the redevelopment project was created for the duration of such redevelopment project. Although Assembly Bill No. 26 ("AB X 1 26"), enacted on June 29, 2011 as Chapter 5 of Statutes of 2011, statutorily dissolved redevelopment agencies as of February 1, 2012, the enforceable obligations of dissolved redevelopment agencies continue to be paid from property taxes derived from such incremental value until the enforceable obligations are paid in full in accordance with Parts 1.8 (commencing with Section 3416 1) and 1.85 (commencing with Section 34170) of Division 24 of the California Health and Safety Code (as such statutory provisions may be amended from time to time the "Dissolution Act"). 22 There were five active redevelopment projects formed in the City when the Dissolution Act was enacted (the "Project Areas"). Table No. 13 sets forth total assessed valuations and Successor Agency Project Areas' incremental values. TABLE NO. 13 CITY OF BALDWIN PARK TOTAL AND NET PROPERTY TAX VALUATIONS Excluding the assessed value of one redevelopment project area that had expired prior to the adoption of the Dissolution Act. Source: County of Los Angeles Auditor -Controller. In the first year after redevelopment agencies were statutorily dissolved, the Dissolution Act established a process for determining the liquid assets that redevelopment agencies should have shifted to their successor agencies when they were dissolved, and the amount that should be available for remittance by the successor agencies to their respective county auditor -controller for distribution to affected taxing entities within the project areas of the former redevelopment agencies. This determination process is commonly known as the "due diligence review process" and was required to be completed through the final step (review by the State Department of Finance) by November 9, 2012 with respect to affordable housing funds and by April 1, 2013 with respect to non -housing funds. Generally, redevelopment agencies were required to remit to their respective county auditor -controller the amount of unobligated balances determined by the State Department of Finance. In turn, such remitted unobligated balances were distributed to taxing entities within the applicable redevelopment project area (including the City with respect to its redevelopment project) in proportion to such taxing entity's share of property tax revenues in the tax rate area for the applicable fiscal year. The Dissolution Act also provides for proceeds of the sale of land owned by redevelopment agencies at the time of their statutory dissolution to be remitted to the applicable county auditor -controller for distribution to the affected taxing entities within the applicable redevelopment project area (including the City with respect to its redevelopment project) in proportion to such taxing entity's share of property tax revenues in the tax rate area for the applicable fiscal year. Further, under the Dissolution Act, taxing entities within the City's Project Areas, such as the City, are to receive distributions (in proportion to such taxing entity's share of property tax revenues in the tax rate area for the applicable fiscal year) of residual amounts of property taxes attributable to incremental value of such redevelopment project on each June 1 and January 2, after payment of: (i) tax sharing obligations established previously pursuant to the Community Redevelopment Law, (ii) enforceable obligations of the successor agency to the former redevelopment agency, and (iii) an administrative cost allowance to such successor agency. The City's approximate share of the residual amounts is 18%. As enforceable obligations of the former redevelopment agency and its successor agency are paid and retired, residual amounts of property tax revenues attributable to redevelopment project area incremental value are expected to increase over time. 23 Total Successor Assessed Agency Net Percent Fiscal Year Valuation Incremental Value Value Chan e 2014-15 $3,807,762,716 $801,449,590 $3,006,313,126 2015-16 4,039,169,489 826,486,468 3,212,683,021 6.9% 2016-17 4,213,407,055 854,810,873 3,358,596,182 4.5% 2017-18 4,392,851,545 875,423,559 3,517,427,986 4.7% 2018-19 4,882,763,579 979,016,968 3,903,746,611 11.0% Excluding the assessed value of one redevelopment project area that had expired prior to the adoption of the Dissolution Act. Source: County of Los Angeles Auditor -Controller. In the first year after redevelopment agencies were statutorily dissolved, the Dissolution Act established a process for determining the liquid assets that redevelopment agencies should have shifted to their successor agencies when they were dissolved, and the amount that should be available for remittance by the successor agencies to their respective county auditor -controller for distribution to affected taxing entities within the project areas of the former redevelopment agencies. This determination process is commonly known as the "due diligence review process" and was required to be completed through the final step (review by the State Department of Finance) by November 9, 2012 with respect to affordable housing funds and by April 1, 2013 with respect to non -housing funds. Generally, redevelopment agencies were required to remit to their respective county auditor -controller the amount of unobligated balances determined by the State Department of Finance. In turn, such remitted unobligated balances were distributed to taxing entities within the applicable redevelopment project area (including the City with respect to its redevelopment project) in proportion to such taxing entity's share of property tax revenues in the tax rate area for the applicable fiscal year. The Dissolution Act also provides for proceeds of the sale of land owned by redevelopment agencies at the time of their statutory dissolution to be remitted to the applicable county auditor -controller for distribution to the affected taxing entities within the applicable redevelopment project area (including the City with respect to its redevelopment project) in proportion to such taxing entity's share of property tax revenues in the tax rate area for the applicable fiscal year. Further, under the Dissolution Act, taxing entities within the City's Project Areas, such as the City, are to receive distributions (in proportion to such taxing entity's share of property tax revenues in the tax rate area for the applicable fiscal year) of residual amounts of property taxes attributable to incremental value of such redevelopment project on each June 1 and January 2, after payment of: (i) tax sharing obligations established previously pursuant to the Community Redevelopment Law, (ii) enforceable obligations of the successor agency to the former redevelopment agency, and (iii) an administrative cost allowance to such successor agency. The City's approximate share of the residual amounts is 18%. As enforceable obligations of the former redevelopment agency and its successor agency are paid and retired, residual amounts of property tax revenues attributable to redevelopment project area incremental value are expected to increase over time. 23 The following table shows the annual residual property taxes that have been received by the City in the five previous fiscal years. Fiscal Year Residual Taxes 2013-14 $ - 2014-15 258,650 2015-16 378,097 2016-17 156,616 2017-18 512,654 Source: County of Los Angeles Auditor -Controller. Property Taxes in Lieu of Motor Vehicle License Fees. The motor vehicle license fee ("VLF") is an annual fee on the ownership of a registered vehicle in California. The City received a portion of VLF collected state-wide, until State budget changes altered the payment from a distribution of VLF to a payment of property taxes in lieu of VLF. The total amount budgeted for Fiscal Year 2018-19 is approximately $7.6 million and is shown in Table No. 14 as "Property Tax In Lieu of VLF." Local Taxes In addition to ad valorem taxes on real property, the City receives the following non -real estate local taxes (see "RISK FACTORS - Constitutional Limitation on Taxes and Expenditures - Proposition 218" and "- Voter -Approved Taxes" herein): Sales and Use Taxes. Sales tax is collected and distributed by the State Board of Equalization. Each local jurisdiction receives an amount equal to 1% of taxable sales within their jurisdiction. The figures shown in Table No. 14 for sales tax revenues include property tax that the City received in lieu of sales tax because of the "Triple Flip." On March 2, 2004, voters approved a bond initiative formally known as the "California Economic Recovery Act." This act authorized the issuance of $15 billion in bonds to finance the Fiscal Year 2002-03 and Fiscal Year 2003-04 State budget deficits, which would be payable from a fund to be established by the redirection of tax revenues through a process dubbed the "Triple Flip." Under the "Triple Flip," one-quarter of local governments' 1% share of the sales tax imposed on taxable transactions within their jurisdiction was redirected to the State. In an effort to eliminate the adverse impact of the sales tax revenue redirection on local government, the legislation provided for property taxes in the Educational Revenue Augmentation Fund ("ERAF") to be redirected to local government. Because the ERAF moneys were previously earmarked for schools, the legislation provides for schools to receive other state general fund revenues. The swap of sales taxes for property taxes terminated once the deficit financing bonds were repaid in September 2015. The City treated the Triple Flip property tax revenue as sales tax in its financial statements. There was a final one-time Triple Flip adjustment payment in 2015-16. The City also receives a portion of a permanent statewide '/Z cent sales tax increase approved by voters in 1993 by Proposition 172. Sales tax generated by this increase is recorded in the General Fund and used to offset certain expenses for public safety. Further, in 1985, the City adopted an ordinance directing the State Board of Equalization to remit all sales tax collected within the boundaries of the former Redevelopment Agency's Puente -Merced Redevelopment Project directly to the former Redevelopment Agency (the "Sales Tax Ordinance"). Such sales tax was pledged to former Redevelopment Agency bonds. In 2017, the Successor Agency 24 refinanced the bonds and eliminated the sales tax pledge. The City rescinded the Sales Tax Ordinance and beginning in 2017-18, such sales tax is remitted to the City. Franchise Taxes. The City levies a franchise fee on its cable television, solid waste collection and official police tow services. Utility Users Tax. The City levies a utility users tax, which was first levied pursuant to an ordinance enacted in 1985 at 5% and amended in 1991 and 2006. The current tax rate for electricity, water, cable television, telephone and gas services is 3%, with certain exemptions for senior citizen, handicapped and low-income residents. Transient Occupancy Tax. The City levies a transient occupancy tax on hotel and motel bills. The City's current transient occupancy tax ordinance provides for a rate of 10%. The rate was last modified in [1983]. Business License Taxes. The City levies a business license tax based on number of employees. The City's current business license tax ordinance was adopted in [1995]. There is no time limit established for the collection of the utility users tax, franchise tax, transient occupancy tax or business license tax. See "RISK FACTORS - Constitutional Limitation on Taxes and Expenditures - Proposition 218" herein. A history of actual tax revenue by source are shown, together with estimates for Fiscal Year 2017-18 and the budget for Fiscal Year 2018-19 in Table No. 14. Commercial Cannabis Fees The City adopted an ordinance in 2017 authorizing the cultivation and manufacture of medical and adult use cannabis in certain industrial -commercial zoned areas of the City. The fee for a permit to operate a cultivation/manufacturing facility is based on a charge of $10 per square foot of the facility, with a minimum $220,000 in 2018 (i.e. a minimum charge based on 22,000 square feet even if facility is smaller than 22,000 square feet), increasing to $12.50 per square foot in 2019, $15.00 per square foot in 2020. In the following two years, the fee will increase by the consumer price index. The fee is subject to negotiation following the 50' year. There is also an annual $50,000 public safety mitigation fee paid by the cultivators/manufacturers, as well as a one-time $15,000 administration fee. The City originally approved 15 permits, but recently amended the municipal code to allow up to 25 permits. To date, the City has issued 18 permits. For Fiscal Year 2018-19, the first full fiscal year of any operation under the permits, the permit fees are anticipated to generate approximately $4.46 million. In 2017-18, the cultivation permit fees generated $840,000. 041 Property Tax Property Tax in Lieu of VLF Sales and Use Tax Transient Occupancy Tax Franchise Tax Utility Users Tax Business License Tax Real Property Transfer Tax Total (1) Reflects final "Triple -Flip" payment as described above under the caption "Sales and Use Taxes." (2) After rescission of the Sales Tax Ordinance as described above under the caption "Sales and Use Taxes." The sales tax remitted to the Successor Agency in 2014-15 was $433,127, in 2015-16 was $563,163 and in 2016-17 was $[696,515]. Source: City of Baldwin Park. 26 TABLE NO. 14 CITY OF BALDW IN PARK TAX REVENUES BY SOURCE Unaudited Budget % of 2018-19 2014-15 2015-16 201647 2017-18 2018-19 Budget $ 3,670,166 $ 3,957,924 $ 3,605,804 $ 3,944,479 $ 4,127,117 12.4% 6,841,478 7,136,598 7,440,368 7,765,295 7,589,175 22.8% 5,368,630 5,918,556 (1) 5,715,049 6,421,278(2) 6,834,697 20.5% 294,062 320,707 584,451 839,209 720,700 2.2% 2,431,498 2,435,827 2,416,043 2,563,354 2,521,835 7.6% 2,395,922 2,305,780 2,401,252 2,449,027 2,400,000 7.2% 630,001 553,688 536,074 547,488 644,000 1.90/0 134.409 113.855 130,812 160.905 120.000 0.4% $21,766,166 $22,742,935 $22,829,853 $24,691,035 $24,957,524 75.0% (1) Reflects final "Triple -Flip" payment as described above under the caption "Sales and Use Taxes." (2) After rescission of the Sales Tax Ordinance as described above under the caption "Sales and Use Taxes." The sales tax remitted to the Successor Agency in 2014-15 was $433,127, in 2015-16 was $563,163 and in 2016-17 was $[696,515]. Source: City of Baldwin Park. 26 Employee Relations and Collective Bargaining City employees are represented by 6 labor bargaining units. All employees except management are covered by negotiated agreements. All current agreements cover the period from July 1, 2017 to June 30, 2020. Retirement Plans Defined Benefit Plan This caption contains certain information relating to the California Public Employees Retirement System ("CalPERS'). The information is primarily derived from information produced by CaIPERS, its independent accountants and its actuaries. The City has not independently verified the information provided by CaIPERS and makes no representations nor expresses any opinion as to the accuracy of the information provided by CaIPERS. The comprehensive annual financial reports of CalPERS are available on its Internet website at www.calpers.ca.go_v. The CaIPERS website also contains CaIPERS' most recent actuarial valuation reports and other information concerning benefits and other matters. The textual reference to such Internet website is provided for convenience only. None of the information on such Internet website is incorporated by reference herein. The City cannot guarantee the accuracy of such information. Actuarial assessments are `forward-looking" statements that reflect the judgment of the fiduciaries of the pension plans, and are based upon a variety of assumptions, one or more of which may not materialize or be changed in the future. Plan Description. The City provides retirement benefits, disability benefits, periodic cost -of -living adjustments, and death benefits to plan members and beneficiaries (the "Plans"). The Plans are part of CaIPERS, an agent multiple -employer plan administered by CaIPERS, which acts as a common investment and administrative agent for participating public employers within the State. Benefit provisions are established by State statute and by City contracts with employee bargaining groups. The Plans as described herein cover two separate employee groups - Miscellaneous and Public Safety. California Public Employees' Pension Reform Act of 2013. On September 12, 2012, the Governor signed into law the California Public Employees' Pension Reform Act of 2013 ("PEPRA"), which made changes to CalPERS Plans, most substantially affecting new employees hired after January 1, 2013 (the "Implementation Date"). For non -safety CalPERS participants hired after the Implementation Date, PEPRA changed the normal retirement age by increasing the eligibility for the 2% age factor from age 55 to 62 and increased the eligibility requirement for the maximum age factor of 2.5% to age 67. PEPRA also: (i) requires all new participants enrolled in CalPERS after the Implementation Date to contribute at least 50% of the total annual normal cost of their pension benefit each year as determined by an actuary to a maximum of 8% of salary, (ii) requires CalPERS to determine the final compensation amount for employees based upon the highest annual compensation earnable averaged over a consecutive 36 -month period as the basis for calculating retirement benefits for new participants enrolled after the Implementation Date, and (iii) caps "pensionable compensation" for new participants enrolled after the Implementation Date at 100% of the federal Social Security contribution and benefit base for members participating in Social Security or 120% for members not participating in Social Security, while excluding previously allowed forms of compensation under the formula such as payments for unused vacation, annual leave, personal leave, sick leave, or compensatory time off. 27 Benefit Tiers. Due to PEPRA, the City added a benefit tier in each employee group for employees hired after January 1, 2013 and subject to PEPRA ("PEPRA Tier"). Ultimately, PEPRA is expected to reduce the City's long-term pension obligation as existing employees retire and new employees are hired to replace them. Employees hired prior to the effective date of PEPRA are in what is referred to as the "Classic Tier." The Plans' provisions and benefits in effect at June 30, 2017, are summarized as follows: Funding Policy. Active members in the Plans are required to contribute a percent of their annual covered salary as shown in the charts above. All employees pay their own employee contributions towards retirement. Contributions. Section 20814 (c) of the California Public Employees' Retirement Law requires that the employer contribution rates for all public employees be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for the Plans are determined annually on an actuarial basis of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer Contribution to the Plans for the fiscal year ended June 30, 2017 were $2,903,338. 28 Miscellaneous Classic PEPRA Prior to On or after Membership date January 1.2013 January 1.2013 Benefit formula 2.7% @ 55 2% @ 62 Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life Retirement age 50-55 52-67 Monthly benefits, as a % of eligible compensation 2.0% to 2.7% 1.0% to 2.5% Required employee contribution rates 8.00% 6.25% Required employer contribution rates 27.392% 27.392% Safety Classic PEPRA Prior to On or after Membership date January 1.2013 January 1. 2013 Benefit formula 3% @ 50 2.7% @ 57 Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life Retirement age 50 50-57 Monthly benefits, as a % of eligible compensation 3.0% 2.0% to 2.7% Required employee contribution rates 9.00% 11.50% Required employer contribution rates 27.849% 11.50% Funding Policy. Active members in the Plans are required to contribute a percent of their annual covered salary as shown in the charts above. All employees pay their own employee contributions towards retirement. Contributions. Section 20814 (c) of the California Public Employees' Retirement Law requires that the employer contribution rates for all public employees be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for the Plans are determined annually on an actuarial basis of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer Contribution to the Plans for the fiscal year ended June 30, 2017 were $2,903,338. 28 Actuarial Methods and Assumptions Used to Determine Total Pension Liability. The total pension liabilities in the Ca1PERS June 30, 2017 actuarial valuations, rolled forward to June 30, 2018, using standard update procedures, were determined using the following actuarial assumptions: Valuation Date Measurement Date Actuarial Cost Method Asset Valuation Method: Actuarial Assumptions: Discount Rate Inflation Salary Increase (2) Investment Rate of Return (3) Mortality Rate Table (4) Post Retirement Benefit Increase June 30, 2017 June 30, 2018 Entry -Age Normal Market Value of Assets 7.375% 2.75% 3.3%-14.2% 7.375% Derived using CaIPERS' membership data for all funds Contract COLA up to 2.75% until purchasing power protection allowance floor on purchasing power applies, 2.75% thereafter (') Net of pension plan administrative expenses. (2) Annual increase vary by category, entry age, and duration of service. (3) Net of pension plan investment and administrative expenses; includes inflation. �4> The mortality table used was developed based on Ca1PERS' specific data. The table includes 20 years of mortality improvements using Society of Actuaries Scale BB. For more details on the table, please refer to the 2014 experience study report. Source: California Public Employees' Retirement System. All other actuarial assumptions used in the June 30, 2017 valuation were based on the results of an actuarial experience study ("Experience Study") for the period 1997 to 2011. Further details of the Experience Study can be found on the Ca1PERS website under "Forms and Publications." Changes in Actuarial Assumptions. Changes in actuarial assumptions generally take two years to affect a City's contribution rate due to the time required by Ca1PERS to calculate and implement the change. For example, a change made effective July 1, 2017 will be reflected in the City's contribution rates (normal cost or unfunded liability) for Fiscal Year 2019-20. On March 14, 2012, the Ca1PERS Board of Administration approved a change in the inflation assumption used in the actuarial assumptions used to determine employer contribution rates. This reduced the assumed investment return from 7.75% to 7.50%, reduced the long-term payroll growth assumption from 3.25% to 3.0%, and adjusted the inflation component of individual salary scales from 3% to 2.75%. On April 17, 2013, the Ca1PERS Board of Administration approved a plan: (i) to replace the current 15 - year asset -smoothing policy with a 5 -year direct -rate smoothing process; and (ii) to replace the current 30 -year rolling amortization of unfunded liabilities with a 30 -year fixed amortization period. CalPERS' Chief Actuary stated that the revised approach provides a single measure of funded status and unfunded liabilities, less rate volatility in extreme years, a faster path to full funding and more transparency to employers about future contribution rates. These changes accelerate the repayment of unfunded liabilities (including Ca1PERS' Fiscal Year 2009 market losses) of the City's Plans in the near term. These changes 9 were reflected beginning with the June 30, 2014 actuarial valuation, and affect contribution rates for Fiscal Year 2015-16. On February 18, 2014, the CalPERS Board of Administration approved changes to actuarial assumptions and methods based upon a recently completed experience study. These changes include: moving from using smoothing of the market value of assets to obtain the actuarial value of assets to direct smoothing of employer contribution rates; increased life expectancy; changes to retirement ages (earlier for some groups and later for others); lower rates of disability retirement; and other changes. On November 18, 2015, the Board of Administration adopted a funding risk mitigation policy intended to incrementally lower its discount rate — its assumed rate of investment return — in years of good investment returns, help pay down the pension fund's unfunded liability, and provide greater predictability and less volatility in contribution rates for employers. The policy establishes a mechanism to reduce the discount rate by a minimum of 0.05 percentage points to a maximum of 0.25 percentage points in years when investment returns outperform the existing discount rate, currently 7.5%, by at least four percentage points. CalPERS staff modeling anticipates the policy will result in a lowering of the discount rate to 6.5% in about 21 years, improve funding levels gradually over time and cut risk in the pension system by lowering the volatility of investment returns. More information about the funding risk mitigation policy can be accessed through CaIPERS' website at the following website address: https://www.calpers.ca.gov/page/newsroom/calpers-news/2015/adopts- funding-risk-mitigation-policy. The reference to this Internet website is provided for reference and convenience only. The information contained within the website may not be current, has not been reviewed by the City and is not incorporated in this Official Statement by reference. On December 21, 2016, the CalPERS Board of Administration approved an incremental lowering of the discount rate from 7.5% to 7.0% over the following three Fiscal Years. For Fiscal Years 2017-18, 2018- 19 and 2019-20, the Board of Administration approved discount rates of 7.375%, 7.25% and 7.0%, respectively. While the full impact of the discount rate changes on the City is not yet reflected in the City's contribution rates, CalPERS expects such changes to increase the City's employer rates by approximately 2% of normal cost as a percent of payroll for the Miscellaneous Plan and by approximately 3.5% for the Safety Plan. CalPERS also expects the discount rate changes to result in increased unfunded accrued liability payments for employers, and estimates that the City will see such payments increase by 30% to 40%. Based on the revised discount rates, over the next seven years the City expected its annual payments to double compared to the amount paid in Fiscal Year 2017-18. On February 13, 2018, the CalPERS Board of Administration voted to shorten the period over which CalPERS will amortize actuarial gains and losses from 30 years to 20 years for new pension liabilities, effective for the June 30, 2019 actuarial valuations. Amortization payments for all unfunded accrued liability bases will be computed to remain a level dollar amount throughout the amortization period, and certain 5 -year ramp -up and ramp -down periods will be eliminated. Contribution Rates. The contribution requirements of Plan members and the City are established by CalPERS. CalPERS modified the calculation of the contribution rates beginning in Fiscal Year 2017-18. CalPERS now represents only the employer's normal cost as a percentage of payroll, and includes a dollar amount for the amortization of the unfunded actuarial liability (UAL). Shown in Table No. 15 are the CalPERS projections of the normal cost and amortization of the UAL for the City. For comparison, the normal cost for 2016-17 was 9.304% for the Miscellaneous Plan and 19.536% for the Safety Plan. TABLE NO. 15 PROJECTED EMPLOYER RETIREMENT CONTRIBUTIONS Projected by CalPERS based on various assumptions as of July 2018. Source: California Public Employees' Retirement System. Pension Liabilities — Miscellaneous Plan. The City's net pension liability for the Miscellaneous Plan is measured as the total pension liability, less the pension plan's fiduciary net position. The net pension liability of the Miscellaneous Plan is measured as of each June 30, using the annual actuarial valuation as of the prior June 30 rolled forward using standard update procedures. The City's changes in net pension liability for the Miscellaneous Plan for the last 3 years as reported by CalPERS is shown below. This information is not yet available for June 30, 2017 although the total pension liability reported by CalPERS as of June 30, 2017 was $78,604,732 and the UAL was $23,043,613. 31 Miscellaneous Safe Fiscal Year Normal Cost Amortize UAL Normal Cost Amortize UAL 2017-18 9.269% $1,292,208 19,723% $ 1,286,184 2018-19 9.654 1,546,037 20.556 1,630,371 2019-20 10.907 1,837,546 21.927 2,011,583 2020-21 11.700 2,071,000 23.300 2,287,000 2021-22 11.700 2,341,000 23.300 2,612,000 2022-23 11.700 2,573,000 23.300 2,880,000 Projected by CalPERS based on various assumptions as of July 2018. Source: California Public Employees' Retirement System. Pension Liabilities — Miscellaneous Plan. The City's net pension liability for the Miscellaneous Plan is measured as the total pension liability, less the pension plan's fiduciary net position. The net pension liability of the Miscellaneous Plan is measured as of each June 30, using the annual actuarial valuation as of the prior June 30 rolled forward using standard update procedures. The City's changes in net pension liability for the Miscellaneous Plan for the last 3 years as reported by CalPERS is shown below. This information is not yet available for June 30, 2017 although the total pension liability reported by CalPERS as of June 30, 2017 was $78,604,732 and the UAL was $23,043,613. 31 NET PENSION LIABILITY - MISCELLANEOUS PLAN Total pension liability - ending (a) Plan Fiduciary Net Position Contributions - employer $ 891,325 Measurement Period $ 1,262,395 Contributions — employer paid member contributions 2013-2014 2014-2015 2015-2016 Total Pension Liability 99,353 - Service cost $ 1,102,612 $ 974,416 $ 1,109,496 Interest on total pension liability 4,713,690 4,888,264 5,120,476 Differences between expected and actual experience - (433,114) 344,186 Changes of assumptions - (1,235,648) - Benefit payments, including refunds of employee 45,795,696 52,557,773 52,217,998 contributions (2,841,840) (3,225,709) (3,252,202) Net change in total pension liability 2,974,462 968,209 3,321,956 Total pension liability - beginning 63,718,814 66,693,276 67,661,485 Total pension liability - ending (a) Plan Fiduciary Net Position Contributions - employer $ 891,325 $ 1,010,130 $ 1,262,395 Contributions — employer paid member contributions 700,907 752,636 775,242 Contributions - employee 99,353 - Net investment income 7,912,332 1,181,946 306,866 Benefit payments (2,841,840) (3,225,709) (3,252,202) Administrative expenses - (58,778) (31,824) Net change in plan fiduciary net position 6,762,077 (339,775) (939,523) Plan fiduciary net position - beginning 45,795,696 52,557,773 52,217,998 Plan fiduciary net position - ending (b) $52.557.773 $52.217.998 $51.278.475 Net pension liability - ending (a) - (b) $14.135.503 $15.443.487 $19.704.966 Plan fiduciary net position as a percentage of the total pension liability 28.81% 27.18% 22.2414 Covered - employee payroll $ 5.563.628 $ 5.852.700 $ 6.763.571 Net pension liability as a percentage of covered - employee payroll 254.07% 263.87% 291414 Benefit changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after the June 30, 2015 valuation date. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes). Changes in assumptions: In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.50% (net of administrative expenses) to 7.65% (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5% discount rate. 32 Pension Liabilities — Safety Plan. Because the Safety Plan has less than 100 members, it is part of the CalPERS cost sharing pool. The City's net pension liability for the Safety Plan is measured as the proportionate share of the net pension liability. The City's proportion of the net pension liability was based on a projection of the City's long-term share of contributions to its Safety Plan relative to the projected contributions of all participating employers, actuarially determined. The net pension liability of the Safety Plan is measured as of each June 30, using the annual actuarial valuation as of the prior June 30 rolled forward using standard update procedures. The City's proportionate share of the net pension liability for the Safety Plan for the last 3 years as reported by CalPERS is shown below. This information is not yet available for June 30, 2017 although the City's share of total pension liability reported by CalPERS as of June 30, 2017 was $108,713,975 and the UAL was 29,705,772. Safety Plan Proportion of the net pension liability Safety Plan Proportionate share of the net pension liability Covered -employee payroll Safety Plan Proportionate Share of the net pension liability as a percentage of covered -employee payroll Safety Plan fiduciary net position as a percentage of total pension liability Measurement Date Measurement Date Measurement Date June 30, 2014 June 30, 2015 June 30, 2016 N/A 0.520478% 0.523620% $17,130,252 $20,181,631 $26,226,345 5,701,386 5,571,436 6,874,715 300.46% 353.23% 381.49% 81.42% 78.61% 73.58% Covered -Employee Payroll represented above is based on pensionable earnings provided by the employer. However, GASB No. 68 defines covered -employee payroll as the total of employees that are provided pensions through the pension plan. Accordingly, if pensionable earnings are different than total earnings for covered - employees, the employer should display in the disclosure footnotes the payroll based on total earnings for the covered group and recalculate the required payroll -related ratios. Sensitivity of the Net Pension Liability to Changes in the Discount Rate. The following presents the City's net pension liability, calculated using the June 30, 2017 discount rate of 7.25%, as well as what the City's net pension liability would be at June 30, 2017 if it were calculated using a discount rate of 6.0%, 7.0% and 8.0%: Source: California Public Employees' Retirement System. See Note 12 of the City's Comprehensive Annual Financial Report included in "APPENDIX B" for further information about the Plans. Other Post Employment Benefits Plan Description. The City provides retiree medical benefits. Employees are eligible for retiree health benefits if they retire from the City and meet certain parameters with respect to date of hire, retirement age, and years of service. Payment for employees belonging to the SEIU is capped at $618 per month, and all non -represented employees receive the minimum contribution required under the Public Employees' 33 Miscellaneous Safety Net Pension Liability using Discount Rate of 7.25% $29,705,772 $23,043,613 Net Pension Liability using Discount Rate of 6.0% 48,481,798 36,576,054 Net Pension Liability using Discount Rate of 7.0% 32,839,957 25,253,389 Net Pension Liability using Discount Rate of 8.0% 20,021,265 15,993,743 Source: California Public Employees' Retirement System. See Note 12 of the City's Comprehensive Annual Financial Report included in "APPENDIX B" for further information about the Plans. Other Post Employment Benefits Plan Description. The City provides retiree medical benefits. Employees are eligible for retiree health benefits if they retire from the City and meet certain parameters with respect to date of hire, retirement age, and years of service. Payment for employees belonging to the SEIU is capped at $618 per month, and all non -represented employees receive the minimum contribution required under the Public Employees' 33 Medical and Hospital Care Act. Membership of the plan consisted of _ eligible active employees and _ enrolled eligible retirees at June 30, 2018. Annual OPEB Cost and Net OPEB Obligation. The obligation of the City to contribute to the plan is established and may be amended by the City Council. As of June 30, 2017, the City has not established a trust or equivalent that contains an irrevocable transfer of assets dedicated to providing benefits to retirees in accordance with the terms of the plan and that are legally protected from creditors. The City finances these postemployment benefits on a pay-as-you-go basis. Its share of the annual premiums for these benefits are payable as they become due. The cost of retiree health care insurance benefits is recognized as expenditures as insurance premiums are paid. For fiscal year ended June 30, 2018, $ of postemployment benefit expenditures were paid. The City's annual OPEB cost (expense) is calculated based on the annual required contribution of the employer ("ARC"), an amount actuarially determined in accordance with the parameters of GASB Statement No. 45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years. The following table shows the components of the City's annual OPEB cost, the amount actually contributed to the plan, and changes in the City's net OPEB obligation for these benefits for the three fiscal years ending June 30, 2017: Actuarial Methods and Assumptions. Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the health care cost trend. Amounts determined regarding the funded status of the plan and the ARC of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about 34 June 30, 2015 June 30, 2016 June 30, 2017 Annual required contribution $2,741,750 $ 2,925,251 $ 2,925,251 Interest on net OPEB obligation 275,036 356,144 441,466 Adjustment to ARC (332,228) (429,637) (532,567) Annual OPEB cost (expense) 2,684,558 2,851,757 2,834,150 Actual contributions made65( 6,880) (718,686) (791,963) Increase in net OPEB obligation 2,027,678 2,133,071 2,042,187 Net OPEB obligation - beginning of year 6,875,912 8,903,590 11,036,661 Net OPEB obligation - end of year $ 11.036.661 13.078.848 Funded Status and Funding Progress. The funded status based on the recent actuarial valuations was as follows: Actuarial Valuation Date 7/1/2013 7/1/2015 7/1/2017 Actuarial accrued liability (AAL) $29,894,139 $29,373,517 Actuarial value of plan assets - - Unfunded actuarial accrued liability (UAAL) $29,894,139 $29,375,517 Covered payroll $10,513,602 $12,266,742 UAAL as a percentage of covered payroll 284% 239% Normal cost $ 858,540 $ 1,367,602 Actuarial Methods and Assumptions. Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the health care cost trend. Amounts determined regarding the funded status of the plan and the ARC of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about 34 the future. The schedule of funding progress, presented in the required supplementary information section, presents multi-year trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the AAL for the benefits. In the January 2015 actuarial valuation, the entry age normal actuarial cost method was used to value liabilities. Under the entry age normal cost method, an average age at hire and average retirement age are determined for eligible employees. The actuarial assumptions included (1) a 4% discount rate, (2) a 3.25% annual salary increase and (3) medical plan premiums (cost) rate increase of 8% for year 2016 decreasing by 0.5% every year until year 2022. The UAAL is being amortized as a level percentage of projected payroll over 30 years. Amortization of the UAAL has been determined on a level percent of payroll over a closed 30 -year period established in the fiscal year ended June 30, 2009. The remaining amortization years used in developing the ARC for the City's fiscal year ending June 30, 2017, was 22 years. [update with January 2017 valuations]. Risk Management The City is a member of the Independent Cities Risk Management Authority ("ICRMA"), a public entity risk pool, formed to enable individual cities to join together to obtain various insurance coverages as a group, coverages at an affordable cost. ICRMA has 20 member cities, and each city appoints a delegate to the ICRMA Governing Board. The City's contributions reflect 3.36% of ICRMA's total budget, which is computed based on the City's self-insurance retention levels, exposure and losses. ICRMA provides coverage for its members for up to $30,000,000 for liability claims, and statutory limits for workers' compensation claims and $1,000,000 for employer's liability claims. The City purchases commercial insurance to cover property damage to city facilities. Changes in the claims and judgements liability balance for the Fiscal Years ended June 30, 2015, 2016, 2017, and estimates for 2018, including a provision for incurred but not reported claims, were as follows: GENERAL LIABILITY Fiscal Claims Claims and Claims Year Ending Payable Changes in Claims Payable June 30 Beginnine Estimates Payments Ending 2015 $ 545,322 $392,352 $343,798 $ 593,876 2016 593,876 887,466 268,958 1,212,384 2017 1,212,384 383,262 465,403 1,130,243 2018 (unaudited) 1,130,243 WORKERS' COMPENSATION Fiscal Claims Claims and Claims Year Ending Payable Changes in Claims Payable June 30 Betinnine Estimates Payments Endin 2015 $7,061,948 $(296,965) $360,865 $6,404,118 2016 6,404,118 (562,953) 543,350 5,297,815 2017 5,297,815 574,880 599,461 5,273,234 2018 (unaudited) 5,273,234 There have been no significant changes to insurance coverage as compared to last year and the City has not experienced settlements in excess of insurance coverage during the past three years. 35 City Investment Policy and Portfolio The City administers a pooled investment program, except for those funds which are managed separately by trustees appointed under bond indentures. This program enables the City to combine available cash from all funds and to invest cash that exceeds current needs. Under the City's investment policy dated 'and in accordance with the Government Code, the City may invest in the following types of investments subject to certain limitations on maturity and amount: Local Agency Bonds US Treasury Obligations US Agency Securities Banker's Acceptances Commercial Paper Negotiable Certificates of Deposit Repurchase Agreements Medium Term Notes Mutual Funds Money Market Mutual Funds Mortgage Pass-through Securities County Pooled Investment Funds Local Agency Investment Fund (LAIF) JPA Pools (other investment pools) As of August 31, 2018, the market value of the City Treasurer's investment portfolio (excluding funds deposited in checking accounts and held under bond indentures) was $28.15 million. The diversification of the City Treasurer's investment portfolio assets as of such date is shown in the following table. Twe of Investment % of Combined Portfolio LAIF 86.8% U.S. Treasury Bills 3.5 Negotiable Certificates of Deposit 9.7 100.0% The weighted average maturity of the investment portfolio was _ days. Obligations of the City In addition to the Bonds, the City has entered into (1) a lease agreement with Branch Bank and Trust Company ("BBT Lease") and (2) a promissory note with the California Energy Resources Conservation and Development Commission ("CEC Note"). The BBT Lease was entered into in December 2017 to refinance the City's outstanding 2004 Lease Revenue Bonds. The outstanding BBT Lease as of June 30, 2018 is $7,276,000. Annual payments of approximately $585,000 are payable through Fiscal Year 2032-33. The CEC Loan was entered into in May 2016 to finance the HVAC, solar panels and other energy efficiency equipment. The outstanding CEC Loan as of June 30, 2018 is $2,988,874. Annual payments of $175,822 are payable through Fiscal Year 2036-37. The City's net pension liability, net OPEB liability, claims liabilities and compensated absences totaled $67.1 million as of June 30, 2017 and except for the existing pension liability being funded with the proceeds of the Bonds, have no fixed term. There is no additional indebtedness as of June 30, 2018 payable from the City's General Fund. Excluded are obligations to be paid from specifically pledged special revenues, such as tax allocation bonds or Section 108 loans. 0i Financial Statements The City's accounting policies conform to generally accepted accounting principles and reporting standards set forth by the State Controller. The audited financial statements also conform to the principles and standards for public financial reporting established by the National Council of Government Accounting and the Governmental Accounting Standards Board ("GASB"). Basis of Accounting and Financial Statement Presentation. The government -wide financial statements are reported using the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due. The City retained the firm of Vasquez & Company LLP, Certified Public Accountants, Los Angeles, California, to examine the general purpose financial statements of the City as of and for the year ended June 30, 2017. The following tables summarize the audited Balance Sheet and audited Statement of Revenues, Expenditures and Changes in Fund Balance of the City's General Fund for Fiscal Years 2013- 14 through 2016-17 and unaudited Balance Sheet and unaudited Statement of Revenues, Expenditures and Changes in Fund Balance of the City's General Fund for Fiscal Year 2017-18. See "APPENDIX B" hereto for the audited financial statements for the fiscal year ended June 30, 2017. The City has not requested, and the auditor has not provided, any review or update of such statements in connection with the inclusion in this Official Statement. GASB Statement No. 54. GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definition, establishes fund balance classifications that comprise a hierarchy based primarily on the extent to which a government is bound to observe constraints imposed upon the use of the resources reported in governmental funds. The initial distinction that is made in reporting fund balance information is identifying amounts that are considered nonspendable, which are amounts that cannot be spent because they are either (a) not spendable in form or (b) legally or contractually required to be maintained intact. GASB No. 54 also provides for additional classification as "restricted," "committed," "assigned," and "unassigned" based on the relative strength of the constraints that control how specific amounts can be spent. 37 The following table shows General Fund "committed," "assigned" and "unassigned" fund balances as of June 30, 2016 and 2017 and estimated for June 30, 2018: GASB Statements Regarding Pension and OPEB Liabilities. GASB has issued various statements relating to the reporting of pension and other post-retirement benefit liabilities and expense, and most recently, new accounting and financial reporting requirements for OPEB plans. The required reporting of net pension liability was incorporated into the City's financial statements for the Fiscal Year ending June 30, 2015 and the required reporting of net OPEB liability will be incorporated into the City's financial statements for the Fiscal Year ending June 30, 2018. The audited financial statements of the City for the Fiscal Year ended June 30, 2017 included in "APPENDIX B" contain additional information about the retirement plan liabilities and the OPEB liability. See Notes 1 in the City's audited financial statements attached in "APPENDIX B" for a discussion of additional accounting changes. 38 Estimated June 30, 2016 June 30, 2017 June 30, 2018 Committed: 10% Budget Stabilization $ 2,633,283 $ 2,703,423 $ 2,900,000 Future Development 7,651,128 6,292,592 6,276,472 Total Committed 10,284,411 8,996,015 9,176,472 Assigned: Community Enhancement - 368,032 740,399 Total Assigned - 368,032 740,399 Unassigned 4,939,534 4,386,952 4,969,457 Total Comm itted/Assigned/Unassigned $15,223,945 $13,750,999 $14,886,328 GASB Statements Regarding Pension and OPEB Liabilities. GASB has issued various statements relating to the reporting of pension and other post-retirement benefit liabilities and expense, and most recently, new accounting and financial reporting requirements for OPEB plans. The required reporting of net pension liability was incorporated into the City's financial statements for the Fiscal Year ending June 30, 2015 and the required reporting of net OPEB liability will be incorporated into the City's financial statements for the Fiscal Year ending June 30, 2018. The audited financial statements of the City for the Fiscal Year ended June 30, 2017 included in "APPENDIX B" contain additional information about the retirement plan liabilities and the OPEB liability. See Notes 1 in the City's audited financial statements attached in "APPENDIX B" for a discussion of additional accounting changes. 38 TABLE NO. 16 CITY OF BALDWIN PARK GENERAL FUND BALANCE SHEET As of June 30 ASSETS AND DEFERRED OUTFLOWS OF RESOURCES Assets Pooled cash and investments Property taxes receivable Intergovernmental receivables Other receivables Due from other funds Prepaids Property held for resale Advances to Successor agency Total Assets Unaudited 2014 0) 20150) 2016 0) 2017 0) 2018 (2) $ 6,852,321 $ 8,964,321 $14,201,861 $13,743,871 $14,381,931 143,904 162,042 939,415 225,389 328,028 1,289,583 1,313,144 1,309,864 1,495,073 2,027,947 16,714 18,228 17,667 26,467 73,755 - - 124,687 124,687 129,667 63,610 58,346 57,917 14,100 23,487 - - 376,800 376,800 18,427,954 21,957,364 22,050,683 22,155,588 22,530,413 26,794,086 32,473,445 38,702,094 38,161,975 39.872.027 Deferred outflows of resources Total assets and deferred outflows of resources $26.794.086 32.473.445 $38.702.094 $38.161.975 $39.872.027 LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities Accounts payable Accrued liabilities Due to other funds Unearned interest on advances to Successor Agency Unearned revenue Total liabilities Deferred inflows of resources Unavailable revenue Total deferred inflows of resources Continued on next nage. $ 446,862 $ 493,027 $ 488,820 $ 1,067,610 $ 1,182,251 571,264 917,706 861,451 796,878 233,889 - - 978 - - 7,295,107 7,350,681 - - - 368,246 809,206 18,300 8,681,479 9.570,620 1,369,549 1,864,488 1,416,140 39 7,868,285 8,151,836 8,794,449 7,868,285 8,151,836 8,794,449 TABLE NO. 16 CITY OF BALDWIN PARK GENERAL FUND BALANCE SHEET As of June 30 Continued from previous page. Fund balances Nonspendable Advances to other funds, net of accrued interest Property held for resale Prepaid items Committed Future development 10% budget stabilization fund Assigned Loan repayment Community development Unassigned Unassigned Total Fund Balances Total liabilities, deferred inflows of resources and fund balances Unaudited 2014(t) 2015 0) 2016 T 2017E MIT $11,132,847 $14,606,683 $14,182,398 $14,003,752 $14,374,825 - 376,800 376,800 63,610 58,346 57,917 14,100 23,487 - 7,651,128 6,292,592 6,276,472 2,444,184 2,502,377 2,633,283 2,703,423 2,900,000 606,926 - - - - 368,032 740,399 3,865,040 5,735,419 4,939,534 4,386,952 4,969,457 18,112,607 21902,825 29,464,260 28,145,651 14,374,825 Source: (1) City of Baldwin Park Comprehensive Annual Financial Reports. (2) City of Baldwin Park Finance Department. 40 TABLE NO. 17 CITY OF BALDWIN PARK GENERALFUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30 Revenues Taxes Licenses and permits Fines, forfeitures and penalties Use of money and property Intergovernmental Charges for services Other Total Revenues Expenditures Current: General government Public safety Public works Community development Recreation services Capital outlay Community development Total Expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses) Proceeds from other long-term debt Transfers in Transfers out Net other financing sources (uses) Net change in fund balances Beginning fund balances, as restated Unaudited 201411) 2015 (1) 2016E 2017 (1) 2 1 (z) $20,677,128 $21,766,166 $22,742,935 $22,829,853 $24,691,035 449,534 695,758 617,468 842,914 1,682,666 1,144,371 1,104,454 728,760 693,331 672,889 186,040 309,218 278,646 284,279 402,568 146,255 454,784 292,828 258,946 240,058 1,539,314 2,571,017 1,585,906 1,968,118 2,162,575 1.095.616 86,182 55.525 429.358 1.575,347 25.238.258 26,987.579 26,302,068 27.306,799 31,427.139 2,554,970 2,580,913 3,160,542 3,546,947 3,195,064 16,350,337 16,682,736 18,195,609 18,860,919 21,106,513 274,845 1,116,531 328,232 2,274,235 1,448,566 964,232 914,322 1,208,325 1,153,584 1,496,259 2,924,928 2,286,094 3,507,485 3,422,281 3,385,928 - 59,326 17,420 23,754 86,922 142,243 23,156,234 23,722,839 26,459,519 29,275,386 30,656,084 2,082,024 3,264,740 (157,451) (1,968,587) 771,055 1,565,718 1,423,256 5,713 139,805 - - (970,668) (982.732) (1,307,361) (915.740) (678,522) (964,955) (842.927) (1,307.361) 649,978 744,734 1.117.069 2.421,813 (1.464,812) (1.318.609) 1,515,789 16,995,538 20,481,012 30,929,072 29,464,260 28,145,651 Ending fund balances $ $22.902.825 $29.464.260 $28.t45.651 $29.661.440 Source: (1) City of Baldwin Park Comprehensive Annual Financial Reports. (2) City of Baldwin Park Finance Department. 41 RISK FACTORS The purchase of the Bonds involves investment risk. If a risk factor materializes to a sufficient degree, it could delay or prevent payment of principal of and/or interest on the Bonds. Such risk factors include, but are not limited to, the following matters and should be considered, along with other information in this Oficial Statement, by potential investors. Future Financial Condition No representation is made as to the future financial condition of the City. Payment of the debt service payments on the Bonds is a general fund obligation of the City and the ability of the City to make debt service payments on the Bonds may be adversely affected by its financial condition as of any particular time. In the event the City's revenue sources are less than its total obligations, the City could choose to fund other services before paying debt service on the Bonds. The same result could occur if, because of State Constitutional limits on expenditures, the City is not permitted to appropriate and spend all of its available revenues (see "Constitutional Limitation on Taxes and Expenditures" below). To the extent these types of events or other events adversely affecting the funds available to the City occur in any year, the funds available to pay debt service may be decreased. The City has unfunded liabilities relating to employee post-retirement health benefits and has also entered into other obligations which are payable from General Fund resources. The City may also enter into additional obligations in the future. To the extent that additional obligations are incurred by the City, the funds available to the City to pay debt service may be decreased (see "FINANCIAL INFORMATION - Other Post Employment Benefits" and "-Obligations of the City" herein). Limited Obligation of the City The obligation of the City to pay debt service on the Bonds does not constitute an obligation of the City for which the City is obligated to levy or pledge any form of taxation or for which the City has levied or pledged any form of taxation. The obligation of the City to pay debt service payments on the Bonds does not constitute a debt or indebtedness of the City, the State of California or any of its political subdivisions, in contravention of any constitutional or statutory debt limitation or restriction. Natural Hazards Seismic Activity. According to the Public Safety Element of the City's General Plan, the City is located in a region with active seismic faults and is therefore subject to risks and hazards associated with earthquakes. Large earthquakes of magnitude 7.0 and greater are expected to occur along at least one of the active faults in the region within a time period equivalent to the historic record. Due to the City's central location relative to major faults, the City will probably experience intense ground shaking in the event of a major earthquake. In a densely populated urban area, the impact of strong groundshaking is directly related to the density and type of buildings and the number of people exposed to the effects. Secondary effects of an earthquake include surface rupture, liquefaction, and dam failure. The occurrence of secondary effects depends on numerous factors including earthquake intensity, distance from epicenter, soils type, and moisture content of the soil. No known active faults exist within the City, and no Alquist Priolo Special Study Zone has been established by the State. Consequently, the potential for surface rupture is low. Liquefaction hazards can occur in areas where groundwater exists near the ground surface. Data provided by water service providers in the City indicate that the depth to groundwater is more than 50 42 feet, and therefore liquefaction hazards arc generally low. However, maps published by the State Division of Mines and Geology (1988) document areas of historic liquefaction occurrence in the southwest portion of the City. Failure of the Santa Fe Dam due to seismic activity has the potential to impact the City. The dam is located along the San Gabriel River approximately one-half mile north of the City, and is owned and operated by the Los Angeles District of the Army Corp of Engineers. The U.S. Army Corps of Engineers flood emergency plan data indicates that failure of the Santa Fe Dam would result in the entire area of the City being flooded. Water depths would range from two to twelve feet, with shallower depths in the southern portion of the City, and deeper depths in the northern portion of the City nearest the Dam. State law requires that every dam owner develop and maintain an emergency plan to be implemented, in the event that the dam is catastrophically breached. Each dam -specific emergency plan includes a map that shows the potential limits of a flood that could result if the dam should fail while filled to capacity, these flood maps are pictured as a worst-case scenario. Since most dams in Southern California are not normally filled to capacity, the possibility of inundation is remote. A major earthquake could cause widespread destruction and significant loss of life in a populated area such as the City. The City's emergency response to such an event may add unanticipated expenditures to the General Fund budget, some or all of which may not be reimbursed by federal or state disaster funding, and, if reimbursed, may not be received by the City in a timely manner. This could lead to reduced ability by the City to pay debt service on the Bonds. Such event could also result in substantial damage to properties in the City, which, in turn, could substantially reduce the value of such properties and could affect the ability or willingness of the property owners to pay their property taxes or of businesses to operate and generate sales tax. Flooding. Flooding in the City is not considered a significant risk, except as described above in connection with a failure of the Santa Fe Dam due to seismic activity. 9,711dfre. Wildfire is not considered a significant risk in the City due to its urbanized nature with no existing wildland/urban interface. The City has adopted its Natural Hazards Mitigation Plan. This plan includes a hazard analysis for earthquake, flood, landslide and fire risk and is required to comply with FEMA requirements for disaster relief funding. Hazardous Substances An additional environmental condition that may result in the reduction in the assessed value of property, and therefore property tax revenue available to make debt service payments on the Bonds, would be the discovery of a hazardous substance that would limit the beneficial use of taxable property within the City. In general, the owners and operators of a property may be required by law to remedy conditions of the property relating to releases or threatened releases of hazardous substances. The Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980, sometimes referred to as "CERCLA" or the "Superfund Act," is the most well-known and widely applicable of these laws, but State laws with regard to hazardous substances are also stringent and similar in effect. Under many of these laws, the owner or operator may be required to remedy a hazardous substance condition of property whether or not the owner or operator has anything to do with creating or handling the hazardous substance. The effect, therefore, should any of the property within the City be affected by a hazardous substance, could be to reduce the marketability and value of such property by the costs of remedying the condition, because the purchaser, upon becoming owner, will become obligated to remedy the condition just as is the seller. 43 Hazardous substance liabilities may arise in the future with respect to any of the property in the City resulting from the existence, currently, of a substance presently classified as hazardous but which has not been released or the release of which is not presently threatened, or may arise in the future resulting from the existence, currently, on the parcel of a substance not presently classified as hazardous but which may in the future be so classified. Additionally, such liabilities may arise from the method of handling such substance. These possibilities could significantly affect the value of a parcel and could result in substantial delays in completing planned development on parcels that are currently undeveloped. State Budget The following information concerning the State's budgets has been obtained from publicly available information which the City and the Municipal Advisor believe to be reliable; however, neither the City nor the Municipal Advisor guarantees the accuracy or completeness of this information and has not independently verified such information. Furthermore, it should not be inferred from the inclusion of this information in this Oficial Statement that the principal of or interest on the Bonds is payable by or the responsibility of the State of California. State Budget. Information about the State budget is regularly available at various State -maintained websites. Text of proposed and adopted budgets may be found at the website of the Department of Finance, www.dof.ca.gov under the heading "California Budget." An impartial analysis of the budget is posted by the Office of the Legislative Analyst at www.lao.ca.gov. In addition, various State of California official statements, many of which contain a summary of the current and past State budgets and the impact of those budgets on cities in the State, may be found at the website of the State Treasurer, www.treasurer.ca.g_ov. The information referred to is prepared by the respective State agency maintaining each website and not by the City, and the City can take no responsibility for the continued accuracy of these internet addresses or for the accuracy, completeness or timeliness of information posted there, and such information is not incorporated herein by these references. According to the State Constitution, the Governor of the State (the "Governor") is required to propose a budget to the State Legislature (the "Legislature") by no later than January 10 of each year, and a final budget must be adopted by the vote of each house of the Legislature no later than June 15, although this deadline has been routinely breached in the past. The State budget becomes law upon the signature of the Governor, who may veto specific items of expenditure. Prior to Fiscal Year 2010-11, the State budget had to be adopted by a two-thirds vote of each house of the Legislature. However, in November 2010, the voters of the State passed Proposition 25, which reduced the vote required to adopt a budget to a majority vote of each house and which provided that there would be no appropriation from the current budget or future budget to pay any salary or reimbursement for travel or living expenses for members of the Legislature for the period during which the budget was presented late to the Governor. Potential Impact of State of California Financial Condition on the City. During the most recent recession, the State faced a structural deficit that resulted in substantial annual deficits and reductions in expenditures. Although the State has had a budget surplus in the more recent fiscal years, according to the State there remain a number of major risks and pressures that threaten the State's financial condition, including the threat of recession, potential changes to federal fiscal policies and unfunded long-term liabilities of more than $200 billion related to pensions and other post-retirement benefits. These risks and financial pressures could result in future reductions or deferrals in amounts payable to the City. The State's financial condition and budget policies affect local public agencies throughout California. To the extent that the State budget process results in reduced revenues to the City, the City will be required to make adjustments to its budget. State budget policies can also impact conditions in the local economy and could have an adverse effect on the local economy and the City's major revenue sources. 44 No prediction can be made by the City as to whether the State will encounter budgetary problems in future fiscal years, and if it were to do so, it is not clear what measures would be taken by the State to balance its budget, as required by law. In addition, the City cannot predict the final outcome of future State budget negotiations, the impact that such budgets will have on City finances and operations or what actions will be taken in the future by the Legislature and the Governor to deal with changing State revenues and expenditures. There can be no assurance that actions taken by the State to address its financial condition will not materially adversely affect the financial condition of the City. Current and future State budgets will be affected by national and State economic conditions and other factors over which the City has no control. State Legislative Shifts of Property Tag Allocation. From time to time, the State has realigned certain property tax revenue to deal with its budget problems. Since 1992-93, the State has required that local agencies including cities remit a portion of property taxes received to augment school funding. These funds are deposited in each county's Education Revenue Augmentation Fund ("ERAF"). These property taxes (approximately 17.5%) are permanently excluded from the City's property tax revenues. On July 24, 2009, the Legislature approved amendments to the 2009-10 Budget to close its anticipated $26.3 billion budget shortfall. The approved amendments included borrowing from local governments by withholding of the equivalent of 8% of Fiscal Year 2008-09 property related tax revenues from cities' and counties' property tax collections under provisions of Proposition IA (approved by the voters in 2004), which the State was required to repay with interest within three years. The first (and to date, only) shift occurred in Fiscal Year 2009-10. Fiscal Year 2012-13 was the first year that another shift was allowable, but the State has not implemented another borrowing yet. On March 2, 2004, voters approved a bond initiative formally known as the "California Economic Recovery Act." This act authorized the issuance of $15 billion in bonds to finance the Fiscal Year 2002- 03 and Fiscal Year 2003-04 State budget deficits, which would be payable from a fund to be established by the redirection of tax revenues through the "Triple Flip." Under the "Triple Flip," one-quarter of local governments' 1% share of the sales tax imposed on taxable transactions within their jurisdiction were redirected to the State. In an effort to eliminate the adverse impact of the sales tax revenue redirection on local government, the legislation provided for property taxes in the ERAF to be redirected to local government. Because the ERAF moneys were previously earmarked for schools, the legislation provided for schools to receive other state general fund revenues. The swap of sales taxes for property taxes terminated once the deficit financing bonds were repaid in September 2015. The City treated the Triple Flip property tax revenue as sales tax in its financial statements. The City also received a portion of Department of Motor Vehicles license fees ("VLF") collected statewide. Several years ago, the State-wide VLF was reduced by approximately two-thirds. However, the State continued to remit to cities and counties the same amount that those local agencies would have received if the VLF had not been reduced, known as the "VLF backfill." The State VLF backfill was phased out and as of 2011-12 all of the VLF is now received through an in lieu payment from State property tax revenues. Bankruptcy of the City The enforceability of the rights and remedies of the Owners of the Bonds are subject to a number of limitations, including bankruptcy, moratorium, insolvency or other laws affecting creditor's rights or remedies and is subject to general principles of equity (regardless of whether such enforceability is considered in equity or at law), to the exercise of judicial discretion in appropriate cases and to the limitations on legal remedies against governmental entities in the State of California. In addition, the rights and remedies of the Owners of the Bonds may be limited by and are subject to the provisions of federal bankruptcy laws and to other laws or equitable principles that may affect the enforcement of creditors' rights. The City is a governmental unit and therefore cannot be the subject of an 45 involuntary case under the United States Bankruptcy Code (the "Bankruptcy Code"). However, the City is a municipality and therefore may seek voluntary protection from its creditors pursuant to Chapter 9 of the Bankruptcy Code for purposes of adjusting its debts. Should the City file for bankruptcy, there could be adverse effects on the Owners of the Bonds. If the City is in bankruptcy, the parties (including the Trustee and the Owners of the Bonds) may be prohibited from taking any action to collect any amount from the City or to enforce any obligation of the City, unless the permission of the bankruptcy court is obtained. These restrictions may also prevent the Trustee from making payments to the Owners of the Bonds from funds in the Trustee's possession. The Bonds are not secured by any property other than the funds that the City has actually deposited with the Trustee, and the City only obligated to deposit funds with the Trustee twice each year, 5 Business Days prior to each June 1 and December 1, beginning June 1, 2019. The Bonds are not secured by any funds held by the City. If the City is in bankruptcy, it may not be obligated to make any further deposits with the Trustee. As a result, the Bonds may be treated as unsecured obligations of the City in the bankruptcy case. Under such circumstances, the Owners of the Bonds could suffer substantial losses. The City may be able, without the consent and over the objection of the Trustee or the Owners of the Bonds, to alter the priority, interest rate, payment terms, maturity dates, payment sources, covenants, and other terms or provisions of the Trust Agreement and the Bonds, as long as the bankruptcy court determines that the alterations are fair and equitable. There may be delays in payments on the Bonds while the court considers any of these issues. There may be other possible effects of a bankruptcy of the City that could result in delays or reductions in payments on the Bonds, or result in losses to the Owners of the Bonds. Regardless of any specific adverse determinations in a City bankruptcy proceeding, the fact of a City bankruptcy proceeding could have an adverse effect on the liquidity and value of the Bonds. Recent bankruptcies in the City of Stockton, the City of San Bernardino and the City of Detroit have brought scrutiny to pension obligation securities. Specifically, in the Stockton bankruptcy the Court found that Ca1PERS was an unsecured creditor of that city with a claim on parity with those of other unsecured creditors. Additionally, in the San Bernardino bankruptcy, the Court held that in the event of a municipal bankruptcy, payments on pension obligation bonds, such as the Bonds, were unsecured obligations and not entitled to the same priority of payments made to Ca1PERS. A variety of events, including, but not limited to, additional rulings adverse to the interests of bond owners in the Stockton, San Bernardino and Detroit bankruptcy cases or additional municipal bankruptcies, could prevent or materially adversely affect the rights of Beneficial Owners to receive payments on the Bonds in the event the City files for bankruptcy. Accordingly, in the event of bankruptcy, Beneficial Owners may not recover the full amount of principal and interest due on the Bonds. The opinion to be delivered by Bond Counsel concurrently with the execution and delivery of the Bonds will be subject to various limitations on remedies including those related to bankruptcy and the various other legal opinions to be delivered concurrently with the issuance of the Bonds will be similarly qualified. See "APPENDIX D." In the event that the City fails to comply with its covenants under the Trust Agreement or fails to pay debt service payments on the Bonds, there can be no assurance of the availability of remedies adequate to protect the interest of the Beneficial Owners of the Bonds. 46 Legislative Changes Legislative action could have an adverse effect on the City's revenues. For example, the method of apportioning Motor Vehicle License Fees among the State's cities and counties is established by statute and could be amended by future legislation. See "FINANCIAL INFORMATION - Ad Valorem Property Taxes - Property Taxes in Lieu of Motor Vehicle License Fees" herein and "State Budget" above. Although the City is not aware of any proposal to amend the applicable statute, it can provide no assurance that such legislation, or other legislation which could reduce revenues, will not be enacted in the future. Constitutional Limitation on Taxes and Expenditures State Initiative Measures Generally. Under the California Constitution, the power of initiative is reserved to the voters for the purpose of enacting statutes and constitutional amendments. Voters have exercised this power through the adoption of Proposition 13 ("Article XIIIA") and similar measures, such as Propositions 22 and 26 approved in the general election held on November 2, 2010. Any such initiative may affect the collection of fees, taxes and other types of revenue by local agencies such as the City. Subject to overriding federal constitutional principles, such collection may be materially and adversely affected by voter -approved initiatives, possibly to the extent of creating cash-flow problems in the payment of outstanding obligations such as the Bonds. Article XIIIA. Article XIIIA of the California Constitution limits the taxing powers of California public agencies. Article XIIIA provides that the maximum ad valorem tax on real property cannot exceed 1% of the "full cash value" of the property, and effectively prohibits the levying of any other ad valorem property tax except for taxes above that level required to pay debt service on voter -approved general obligation bonds. "Full cash value" is defined as "the County assessor's valuation of real property as shown on the 1975-76 tax bill under `full cash value' or, thereafter, the appraised value of real property when purchased, newly constructed, or a change in ownership has occurred after the 1975 assessment." The "full cash value" is subject to annual adjustment to reflect inflation at a rate not to exceed 2% or a reduction in the consumer price index or comparable local data. Article XIIIA has subsequently been amended to permit reduction of the "full cash value" base in the event of declining property values caused by substantial damage, destruction or other factors, and to provide that there would be no increase in the "full cash value" base in the event of reconstruction of property damaged or destroyed in a disaster and in other special circumstances. There may also be declines in valuations if the California Consumer Price Index is negative. The foregoing limitation does not apply to ad valorem taxes or special assessments to pay the interest and prepayment charges on any indebtedness approved by the voters before July 1, 1978 or any bonded indebtedness for the acquisition or improvement of real property approved by two-thirds of votes cast by the voters voting on the proposition. In the general election held November 4, 1986, voters of the State of California approved two measures, Propositions 58 and 60, which further amend the terms "purchase" and "change of ownership," for purposes of determining full cash value of property under Article XIIIA, to not include the purchase or transfer of (1) real property between spouses, and (2) the principal residence and the first $1,000,000 of other property between parents and children. Proposition 60 amends Article XIIIA to permit the Legislature to allow persons over age 55 who sell their residence and buy or build another of equal or lesser value within two years in the same city, to transfer the old residence's assessed value to the new residence. In the March 26, 1996 general election, voters approved Proposition 193, which extends the parents -children exception to the reappraisal of assessed value. Proposition 193 amended Article XIIIA so that grandparents may transfer to their grandchildren whose parents are deceased, their principal residences, and the first $1,000,000 of other property without a reappraisal of assessed value. 47 Because the Revenue and Taxation Code does not distinguish between positive and negative changes in the California Consumer Price Index used for purposes of the inflation factor, there was a decrease of 0.237% in 2009-10 — applied to the 2010-11 tax roll — reflecting the actual change in the California Consumer Price Index, as reported by the State Department of Finance. For each fiscal year since Article XIIIA has become effective (the 1978-79 Fiscal Year), the annual increase for inflation has been at least 2% except in ten fiscal years as shown below: Tax Roll Percentage Tax Roll Percentage 1981-82 1.000% 2010-11 (0.237)% 1995-96 1.190% 2011-12 0.753% 1996-97 1.110% 2014-15 0.454% 1998-99 1.853% 2015-16 1.998% 2004-05 1.867% 2016-17 1.525% Proposition 8 Adjustments. Proposition 8, approved in 1978, provides for the assessment of real property at the lesser of its originally determined (base year) full cash value compounded annually by the inflation factor, or its full cash value as of the lien date, taking into account reductions in value due to damage, destruction, obsolescence or other factors causing a decline in market value. Reductions based on Proposition 8 do not establish new base year values, and the property may be reassessed as of the following lien date up to the lower of the then -current fair market value or the factored base year value. The State Board of Equalization has approved this reassessment formula and such formula has been used by county assessors statewide. The City experienced Proposition 8 reductions in property values between 2010 and 2011. See "FINANCIAL INFORMATION - Ad Valorem Property Taxes - Taxable Property and Assessed Valuation" herein. Article XIIIB. On November 6, 1979, California voters approved Proposition 4, or the Gann Initiative, which added Article XIIIB to the California Constitution. Article XIIIB limits the annual appropriations of the State and any city, county, city and county, school district, authority or other political subdivision of the State. The "base year" for establishing such appropriations limit is the 1978-79 Fiscal Year, and the limit is to be adjusted annually to reflect changes in population, consumer prices and certain increases in the cost of services provided by public agencies. Appropriations subject to Article XIIIB include generally the proceeds of taxes levied by or for the entity and the proceeds of certain State subventions, refunds of taxes, benefit payments from retirement, unemployment insurance and disability insurance funds. "Proceeds of taxes" include, but are not limited to, all tax revenues, certain State subventions, and the proceeds to an entity of government, from (1) regulatory licenses, user charges and user fees, to the extent that such charges and fees exceed the costs reasonably borne in providing the regulation, product or service, and (2) the investment of tax revenues. Article XIIIB includes a requirement that if an entity's revenues in any year exceed the amounts permitted to be spent, the excess would have to be returned by revising tax rates or fee schedules within the next two subsequent fiscal years. In the June 1990 election, the voters approved Proposition 111 amending the method of calculation of State and local appropriations limits. Proposition 111 made several changes to Article XIIIB. First, the term "change in the cost of living" was redefined as the change in the California per capita personal income ("CPCPI") for the preceding year. Previously, the lower of the CPCPI or the United States Consumer Price Index was used. Second, the appropriations limit for the fiscal year was recomputed by adjusting the 1986-87 limit by the CPCPI for the three subsequent years. Third and lastly, Proposition 111 excluded appropriations for "qualified capital outlay for Fiscal Year 1990-91 as defined by the legislature" from proceeds of taxes. Section 7910 of the Government Code requires the City to adopt a formal appropriations limit for each fiscal year. The City's appropriations limit for 2018-19 is $78,238,220. The City's appropriations subject 48 to the limit for 2018-19 are $24,957,524. Based on this, the appropriations limit is not expected to have any impact on the ability of the City to pay debt service on the Bonds. Proposition 62. Proposition 62 was a statutory initiative adopted in the November 1986 general election. Proposition 62 added Sections 53720 to 53730, inclusive, to the California Government Code. It confirmed the distinction between a general tax and special tax, established by the State Supreme Court in 1982 in City and County of San Francisco v Farrell, by defining a general tax as one imposed for general governmental purposes and a special tax as one imposed for specific purposes. Proposition 62 further provided that no local government or district may impose (i) a general tax without prior approval of the electorate by majority vote or (ii) a special tax without such prior approval by two-thirds vote. It further provided that if any such tax is imposed without such prior written approval, the amount thereof must be withheld from the levying entity's allocation of annual property taxes for each year that the tax is collected. By its terms, Proposition 62 applies only to general and special taxes imposed on or after August 1, 1985. Proposition 62 was generally upheld in Santa Clara County Local Transportation Authority v Guardino, a California Supreme Court decision filed September 28, 1995. Proposition 218. On November 5, 1996, California voters approved Proposition 218 — Voter Approval for Local Government Taxes — Limitation on Fees, Assessments, and Charges — Initiative Constitutional Amendment. Proposition 218 added Articles XIIIC and XIIID to the California Constitution, imposing certain vote requirements and other limitations on the imposition of new or increased taxes, assessments and property -related fees and charges. Proposition 218 states that all taxes imposed by local governments shall be deemed to be either general taxes or special taxes. Special purpose districts, including school districts, have no power to levy general taxes. No local government may impose, extend or increase any general tax unless and until such tax is submitted to the electorate and approved by a majority vote. No local government may impose, extend or increase any special tax unless and until such tax is submitted to the electorate and approved by a two-thirds vote. Proposition 218 also provides that no tax, assessment, fee or charge shall be assessed by any agency upon any parcel of property or upon any person as an incident of property ownership except: (i) the ad valorem property tax imposed pursuant to Article XIII and Article XIIIA of the California Constitution, (ii) any special tax receiving a two-thirds vote pursuant to Section 4 of Article XIIIA the California Constitution, and (iii) assessments, fees, and charges for property related services as provided in Article XIIID. Proposition 218 added voter requirements for assessments and fees and charges imposed as an incident of property ownership, other than fees and charges for sewer, water, and refuse collection services. In addition, all assessments and fees and charges imposed as an incident of property ownership, including sewer, water, and refuse collection services, are subjected to various additional procedures, such as hearings and stricter and more individualized benefit requirements and findings. The effect of such provisions will presumably be to increase the difficulty a local agency will have in imposing, increasing or extending such assessments, fees and charges. Proposition 218 also extended the initiative power to reducing or repealing any local taxes, assessments, fees and charges. This extension of the initiative power is not limited to taxes imposed on or after November 6, 1996, the effective date of Proposition 218, and could result in retroactive repeal or reduction in any existing taxes, assessments, fees and charges, subject to overriding federal constitutional principles relating to the impairment of contracts. Proposition 218 provides that, effective July 1, 1997, fees that are charged "as an incident of property ownership" may not "exceed the funds required to provide the property related services" and may only be charged for services that are "immediately available to the owner of the property." The City levies (1) a franchise tax on its cable television, and certain utility franchises, (2) a utility users tax on electric, gas, cable television and telephone, (3) a business license tax and (4) a transient occupancy tax. See "FINANCIAL INFORMATION - Local Taxes" herein for a discussion of the implementing ordinances for these taxes. 49 The City does not expect the application of Proposition 218 will have a material adverse impact on its ability to pay the Bonds. Proposition 1A. Proposition IA ("Proposition IA"), proposed by the Legislature in connection with the 2004-05 Budget Act and approved by the voters in November 2004, restricts State authority to reduce major local tax revenues such as the tax shifts permitted to take place in Fiscal Years 2004-05 and 2005- 06. Proposition IA provides that the State may not reduce any local sales tax rate, limit existing local government authority to levy a sales tax rate or change the allocation of local sales tax revenues, subject to certain exceptions. Proposition I generally prohibits the State from shifting to schools or community colleges any share of property tax revenues allocated to local governments for any fiscal year, as set forth under the laws in effect as of November 3, 2004. Any change in the allocation of property tax revenues among local governments within a county must be approved by two-thirds of both houses of the Legislature. Proposition IA provides, however, that beginning in Fiscal Year 2008-09, the State may shift to schools and community colleges up to 8% of local government property tax revenues, which amount must be repaid, with interest, within three years, if the Governor proclaims that the shift is needed due to a severe state financial hardship, the shift is approved by two-thirds of both houses and certain other conditions are met. Such a shift may not occur more than twice in any 10 -year period. The State may also approve voluntary exchanges of local sales tax and property tax revenues among local governments within a county. For Fiscal Year 2009-10, 8% of the City's property tax revenues were diverted to the State as a result of a Proposition I suspension. Proposition IA also provides that if the State reduces the vehicle license fee rate below 0.65% of vehicle value, the State must provide local governments with equal replacement revenues. Further, Proposition lA requires the State to suspend State mandates affecting cities, counties and special districts, excepting mandates relating to employee rights, schools or community colleges, in any year that the State does not fully reimburse local governments for their costs to comply with such mandates. Proposition 22. On November 2, 2010, voters in the State approved Proposition 22. Proposition 22, known as the "Local Taxpayer, Public Safety, and Transportation Protection Act of 2010," eliminates or reduces the State's authority to (i) temporarily shift property taxes from cities, counties and special districts to schools, (ii) use vehicle license fee revenues to reimburse local governments for State - mandated costs (the State will have to use other revenues to reimburse local governments), (iii) redirect property tax increment from redevelopment agencies to any other local government, (iv) use State fuel tax revenues to pay debt service on State transportation bonds, or (v) borrow or change the distribution of State fuel tax revenues. Proposition 26. On November 2, 2010, voters in the State also approved Proposition 26. Proposition 26 amends Article XIIIC of the State Constitution to expand the definition of "tax" to include "any levy, charge, or exaction of any kind imposed by a local government" except the following: (1) a charge imposed for a specific benefit conferred or privilege granted directly to the payor that is not provided to those not charged, and which does not exceed the reasonable costs to the local government of conferring the benefit or granting the privilege; (2) a charge imposed for a specific government service or product provided directly to the payor that is not provided to those not charged, and which does not exceed the reasonable costs to the local government of providing the service or product; (3) a charge imposed for the reasonable regulatory costs to a local government for issuing licenses and permits, performing investigations, inspections, and audits, enforcing agricultural marketing orders, and the administrative enforcement and adjudication thereof; (4) a charge imposed for entrance to or use of local government property, or the purchase, rental, or lease of local government property; (5) a fine, penalty, or other monetary charge imposed by the judicial branch of government or a local government, as a result of a violation of law; (6) a charge imposed as a condition of property development; and (7) assessments and 50 property -related fees imposed in accordance with the provisions of Article XIIID. Proposition 26 provides that the local government bears the burden of proving by a preponderance of the evidence that a levy, charge, or other exaction is not a tax, that the amount is no more than necessary to cover the reasonable costs of the governmental activity, and that the manner in which those costs are allocated to a payor bear a fair or reasonable relationship to the payor's burdens on, or benefits received from, the governmental activity. The City does not expect the provisions of Proposition 26 to materially impede its ability to pay debt service on the Bonds. Future Initiatives. From time to time other initiative measures could be adopted, limiting or otherwise affecting the ability of the City to increase revenues and appropriations. Tax Cuts and Jobs Act H.R. 1 of the 115th U.S. Congress, known as the "Tax Cuts and Jobs Act," was enacted into law on December 22, 2017 (Pub. L. No. 115-97, 131 Stat. 2054 (2017) (the "Tax Act"). The Tax Act makes significant changes to many aspects of the Internal Revenue Code. For example, the Tax Act reduces the amount of mortgage interest expense and state and local income tax and property tax expense that individuals may deduct from their gross income for federal income tax purposes, which could adversely affect the assessed values of residences in the City. However, the City cannot predict the effect that the Tax Act may have on its finances. Secondary Market Risk There can be no assurance that there will be a secondary market for purchase or sale of the Bonds, and from time to time there may be no market for them, depending upon prevailing market conditions, the financial condition or market position of firms who may make the secondary market and the financial condition of the City. TAX MATTERS In the opinion of Quint & Thimmig LLP, Bond Counsel, under existing law, interest on the Bonds is exempt from State of California personal income taxes. Bond Counsel expresses no opinion as to any other tax consequences regarding the Bonds. Interest on the Bonds is not excluded from gross income for federal income tax purposes. The federal tax and State of California personal income tax discussion set forth above with respect to the Bonds is included for general information only and may not be applicable depending upon a Beneficial Owner's particular situation. The ownership and disposal of the Bonds and the accrual or receipt of interest with respect to the Bonds may otherwise affect the tax liability of certain persons. Bond Counsel expresses no opinion regarding any such tax consequences. BEFORE PURCHASING ANY OF THE BONDS, POTENTIAL PURCHASERS SHOULD CONSULT THEIR INDEPENDENT TAX ADVISORS WITH RESPECT TO THE TAX CONSEQUENCES RELATING TO THE BONDS AND THE TAXPAYER'S PARTICULAR CIRCUMSTANCES. The complete text of the final opinion that Bond Counsel expects to deliver upon the delivery of the Bonds is set forth in "APPENDIX D - FORM OF OPINION OF BOND COUNSEL." Information Reporting and Backup Withholding Information reporting requirements apply to interest paid on tax-exempt obligations, including the Bonds. In general, such requirements are satisfied if the interest recipient completes and provides the payer with a Form W-9, "Request for Taxpayer Identification Number and Certification," unless the recipient is one of a limited class of exempt recipients, including corporations. A recipient not otherwise exempt from 51 information reporting who fails to satisfy the information reporting requirements will be subject to "backup withholding," which means that the payer is required to deduct and withhold a tax from the interest payment, calculated in the manner set forth in the Code. For the foregoing purpose, a "payer" generally refers to the person or entity from whom a recipient receives its payments of interest or who collects such payments on behalf of the recipient. If an owner purchasing a Bond through a brokerage account has executed a Form W-9 in connection with the establishment of such account, as generally can be expected, no backup withholding should occur. In any event, backup withholding does not affect the excludability of the interest on the Bonds from gross income for federal income tax purposes. Any amounts withheld pursuant to backup withholding would be allowed as a refund or a credit against the owner's federal income tax once the required information is furnished to the Internal Revenue Service. LEGAL MATTERS Enforceability of Remedies The remedies available to the Trustee and the Owners of the Bonds upon an event of default under the Trust Agreement or any other document described herein are in many respects dependent upon regulatory and judicial actions which are often subject to discretion and delay. Under existing law and judicial decisions, the remedies provided for under such documents may not be readily available or may be limited. In the case of any bankruptcy proceeding involving the City, the rights of the Owners could be modified at the direction of the court. The various legal opinions to be delivered concurrently with the delivery of the Bonds will be qualified to the extent that the enforceability of certain legal rights related to the Trust Agreement and other pertinent documents is subject to limitations imposed by bankruptcy, reorganization, insolvency or other similar laws affecting the rights of creditors generally and by equitable remedies and proceedings generally. Approval of Legal Proceedings Quint & Thimmig LLP, Larkspur, California, as Bond Counsel, will render an opinion with respect to the validity and enforceability of the Trust Agreement, and as to the validity of the Bonds. See "APPENDIX W hereto for the proposed form of Bond Counsel's opinion. The City has no knowledge of any fact or other information which would indicate that the Trust Agreement or the Bonds are not enforceable against the City, except to the extent such enforcement is limited by principles of equity, by state and federal laws relating to bankruptcy, reorganization, moratorium or creditors' rights generally and by limitations on legal remedies against municipalities in the State. Certain legal matters will be passed on for the City by Quint & Thimmig LLP, Larkspur, California, as Disclosure Counsel and by the City Attorney. Fees payable to Bond Counsel and Disclosure Counsel are contingent upon the sale and delivery of the Bonds. Absence of Litigation The City will furnish a certificate dated as of the date of delivery of the Bonds that there is not now known to be pending or threatened any litigation restraining or enjoining the execution or delivery of the Trust Agreement or the sale or delivery of the Bonds or in any manner questioning the proceedings and authority under which the Trust Agreement is to be executed or delivered or the Bonds are to be delivered or affecting the validity thereof. 52 There exists lawsuits and claims against the City that are incidental to the ordinary course of the City's operations. In the view of the City, there is no litigation, present or pending against the City, that will individually or in the aggregate impair the City's ability to pay debt service on the Bonds. VALIDATION On October 30, 2018, the City, acting pursuant to the provisions of Sections 860 et seq. of the California Code of Civil Procedure, filed a complaint in the Superior Court of the State of California for the County of Los Angeles seeking judicial validation of the Bonds and certain other matters, including the Trust Agreement. On November _, 2018, the court entered a judgment to the effect, among other things, that the Bonds and were valid, legal and binding obligations of the City. The Trust Agreement was also the subject of the judgment. The time period for the filing of appeals with respect to the judgment has expired and no appeals were filed and therefore the judgment is final and unappealable. In issuing its opinion as to the validity of the Bonds, Bond Counsel has relied upon the entry of the foregoing judgment. CONCLUDING INFORMATION Rating on the Bonds S&P Global Ratings ("W") has assigned its municipal bond rating of " " to the Bonds. Such rating reflects only the views of S&P, and any desired explanation of the significance of such rating may be obtained from such rating agency. Generally, a rating agency bases its rating on the information and materials furnished to it and on investigations, studies and assumptions of its own. There is no assurance such rating will continue for any given period of time or that such rating will not be revised downward or withdrawn entirely by the rating agency, if in the judgment of such rating agency, circumstances so warrant. Any such downward revision or withdrawal of such ratings may have an adverse effect on the market price of the Bonds. Except as otherwise required in the Continuing Disclosure Certificate, the City undertakes no responsibility either to bring to the attention of the owners of any Bonds any downward revision or withdrawal of any rating obtained or to oppose any such revision or withdrawal. A rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Underwriting The Bonds were sold to (the "Underwriter"), who is offering the Bonds at the prices set forth on the inside front cover page hereof. The initial offering prices may be changed from time to time and concessions from the offering prices may be allowed to dealers, banks and others. The Underwriter has purchased the Bonds at a price equal to $ , which amount represents the principal amount of the Bonds plus an original issue premium of $ , less an Underwriter's discount of $ . The Underwriter will pay certain of its expenses relating to the offering from the Underwriter's discount. The Municipal Advisor The material contained in this Official Statement was prepared by the City with the assistance of the Municipal Advisor who advised the City as to the financial structure and certain other financial matters relating to the Bonds. The information set forth herein has been obtained by the City from sources which are believed to be reliable, but such information is not guaranteed by Municipal Advisor as to accuracy or completeness, nor has it been independently verified. Fees paid to the Municipal Advisor are contingent upon the sale and delivery of the Bonds. 53 Continuing Disclosure The City will provide annually certain financial information and data relating to the City by not later than March 31 in each year commencing March 31, 2019 (the "Annual Report"), and to provide notices of the occurrence of certain other enumerated events in accordance with Rule 15c2-12 of the Securities Exchange Act of 1934 as amended (the "Rule"). The Municipal Advisor will act as Dissemination Agent. The specific nature of the information to be contained in the Annual Report or the notices of enumerated events and certain other terms of the continuing disclosure obligation are found in the form of the City's Disclosure Certificate attached in "APPENDIX C - FORM OF CONTINUING DISCLOSURE CERTIFICATE." [describe non-compliance with prior undertakings, if any.] Additional Information The summaries and references contained herein with respect to the Trust Agreement, the Bonds, statutes and other documents, do not purport to be comprehensive or definitive and are qualified by reference to each such document or statute and references to the Bonds are qualified in their entirety by reference to the form hereof included in the Trust Agreement. Copies of the Trust Agreement may be obtained after delivery of the Bonds from the City at 14403 E. Pacific Avenue, Baldwin Park, California 91706. References Any statements in this Official Statement involving matters of opinion, whether or not expressly so stated, are intended as such and not as representations of fact. This Official Statement is not to be construed as a contract or agreement between the City and the purchasers or Owners of any of the Bonds. Execution The execution of this Official Statement by the Chief Executive Officer has been duly authorized by the City. CITY OF BALDWIN PARK By: Chief Executive Officer 54 APPENDIX A SUMMARY OF CERTAIN PROVISIONS OF PRINCIPAL LEGAL DOCUMENTS [to be provided by Bond Counsel] A-1 APPENDIX B CITY AUDITED FINANCIAL STATEMENTS m APPENDIX C FORM OF CONTINUING DISCLOSURE CERTIFICATE This Continuing Disclosure Certificate (the "Disclosure Certificate") is executed and delivered by the CITY OF BALDWIN PARK (the "City") in connection with the issuance by the City of its $ City of Baldwin Park (Los Angeles County, California) 2019 Taxable Pension Obligation Bonds (the "Bonds"). The Bonds are being issued pursuant to a trust agreement, dated as of January 1, 2019 (the "Trust Agreement"), by and between the City and U.S. Bank National Association, as trustee (the "Trustee"). The City covenants and agrees as follows: Section 1. Definitions. In addition to the definitions set forth in the Trust Agreement, which apply to any capitalized term used in this Disclosure Certificate, unless otherwise defined in this Section 1, the following capitalized terms shall have the following meanings when used in this Disclosure Certificate: "Annual Report" shall mean any Annual Report provided by the City pursuant to, and as described in, Sections 3 and 4 of this Disclosure Certificate. "Beneficial Owner" shall mean any person who (a) has the power, directly or indirectly, to vote or consent with respect to, or to dispose of ownership of, any Bonds (including persons holding Bonds through nominees, depositories or other intermediaries), or (b) is treated as the owner of any Bonds for federal income tax purposes. "Dissemination Agent" shall mean the Harrell & Company Advisors, LLC, or any successor Dissemination Agent designated in writing by the City and which has filed with the City a written acceptance of such designation. In the absence of such a designation, the City shall act as the Dissemination Agent. "EMMA" or "Electronic Municipal Market Access" means the centralized on-line repository for documents to be filed with the MSRB, such as official statements and disclosure information relating to municipal bonds, notes and other securities as issued by state and local governments. "Listed Events" shall mean any of the events listed in Section 5(a) or 5(b) of this Disclosure Certificate. "M3RB" means the Municipal Securities Rulemaking Board, which has been designated by the Securities and Exchange Commission as the sole repository of disclosure information for purposes of the Rule, or any other repository of disclosure information which may be designated by the Securities and Exchange Commission as such for purposes of the Rule in the future. "Participating Underwriter" shall mean the original underwriter of the Bonds, required to comply with the Rule in connection with offering of the Bonds. "Rule" shall mean Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as the same may be amended from time to time. Section 2. Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the City for the benefit of the owners and Beneficial Owners of the Bonds and in order to assist the Participating Underwriter in complying with Securities and Exchange Commission Rule 15c2 - 12(b)(5). C-1 Section 3. Provision of Annual Reports. (a) Delivery of Annual Report. The City shall, or shall cause the Dissemination Agent to, not later than nine months after the end of the City's fiscal year (which currently ends on June 30), commencing with the report for the 2017-18 Fiscal Year, which is due not later than March 31, 2019, file with EMMA, in a readable PDF or other electronic format as prescribed by the MSRB, an Annual Report that is consistent with the requirements of Section 4 of this Disclosure Certificate. The Annual Report may be submitted as a single document or as separate documents comprising a package and may cross-reference other information as provided in Section 4 of this Disclosure Certificate; provided that the audited financial statements of the City may be submitted separately from the balance of the Annual Report and later than the date required above for the filing of the Annual Report if they are not available by that date. (b) Change of Fiscal Year. If the City's fiscal year changes, it shall give notice of such change in the same manner as for a Listed Event under Section 5(c), and subsequent Annual Report filings shall be made no later than nine months after the end of such new fiscal year end. (c) Delivery of Annual Report to Dissemination Agent. Not later than fifteen (15) Business Days prior to the date specified in subsection (a) (or, if applicable, subsection (b)) of this Section 3 for providing the Annual Report to EMMA, the City shall provide the Annual Report to the Dissemination Agent (if other than the City). If by such date, the Dissemination Agent has not received a copy of the Annual Report, the Dissemination Agent shall notify the City. (d) Report of Non -Compliance. If the City is the Dissemination Agent and is unable to file an Annual Report by the date required in subsection (a) (or, if applicable, subsection (b)) of this Section 3, the City shall send a notice to EMMA, in a timely manner, substantially in the form attached hereto as Exhibit A. If the City is not the Dissemination Agent and is unable to provide an Annual Report to the Dissemination Agent by the date required in subsection (c) of this Section 3, the Dissemination Agent shall send a notice to EMMA, in a timely manner, in substantially the form attached hereto as Exhibit A. (e) Annual Compliance Certification. The Dissemination Agent shall, if the Dissemination Agent is other than the City, file a report with the City certifying that the Annual Report has been filed with EMMA pursuant to Section 3 of this Disclosure Certificate, stating the date it was so provided and filed. Section 4. Content of Annual Reports. The Annual Report shall contain or incorporate by reference the following: (a) Financial Statements. Audited financial statements of the City for the preceding fiscal year, prepared in accordance generally accepted accounting principles. If the City's audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements in a format similar to the financial statements contained in the final Official Statement, and the audited financial statements shall be filed in the same manner as the Annual Report when they become available. (b) Other Annual Information. To the extent not included in the audited final statements of the City, the Annual Report shall also include financial and operating data with respect to the City for preceding fiscal year, substantially similar to that provided in the corresponding tables and charts in the official statement for the Bonds, as follows: C-2 (1) Table 10 - Gross Assessed Value of All Taxable Property, (2) Table I 1 - Largest Property Taxpayers, (3) Table 12 - Tax Levies and Collections, (4) Table 13 - Total and Net Property Tax Valuations, (5) Table 14 - Tax Revenues by Source, (6) Table 15 - General Fund Balance Sheet, (7) Table 16 - General Fund Statement of Revenues, Expenditures and Changes in Fund Balance, (8) Most recent CaIPERS report; and (9) Most recent OPEB valuation." (c) Cross References. Any or all of the items listed above may be included by specific reference to other documents, including official statements of debt issues of the City or related public entities, which are available to the public on EMMA. The City shall clearly identify each such other document so included by reference. If the document included by reference is a final official statement, it must be available from EMMA. (d) Further Information. In addition to any of the information expressly required to be provided under paragraph (b) of this Section 4, the City shall provide such further information, if any, as may be necessary to make the specifically required statements, in the light of the circumstances under which they are made, not misleading. Section 5. Reporting of Listed Events. (a) Reportable Events. The City shall, or shall cause the Dissemination (if not the City) to, give notice of the occurrence of any of the following events with respect to the Bonds: (1) Principal and interest payment delinquencies. (2) Unscheduled draws on debt service reserves reflecting financial difficulties. (3) Unscheduled draws on credit enhancements reflecting financial difficulties. (4) Substitution of credit or liquidity providers, or their failure to perform. (5) Defeasances. (6) Rating changes. (7) Tender offers. (8) Bankruptcy, insolvency, receivership or similar event of the obligated person. (9) Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701- TEB) or other material notices or determinations with respect to the tax status of the security, or other material events affecting the tax status of the security. Note: For the purposes of the event identified in subparagraph (8), the event is considered to occur when any of the following occur: the appointment of a receiver, fiscal agent or similar officer for an obligated person in a proceeding under the U.S. Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the obligated person, or if such jurisdiction has been assumed by leaving the existing governmental body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the obligated person. C-3 (b) Material Reportable Events. The City shall give, or cause to be given, notice of the occurrence of any of the following events with respect to the Bonds, if material: (1) Non-payment related defaults. (2) Modifications to rights of security holders. (3) Bond calls. (4) The release, substitution, or sale of property securing repayment of the securities. (5) The consummation of a merger, consolidation, or acquisition involving an obligated person or the sale of all or substantially all of the assets of the obligated person, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms. (6) Appointment of a successor or additional trustee, or the change of name of a trustee. (c) Time to Disclose. Whenever the City obtains knowledge of the occurrence of a Listed Event, the City shall, or shall cause the Dissemination Agent (if not the City) to, file a notice of such occurrence with EMMA, in an electronic format as prescribed by the MSRB, in a timely manner not in excess of 10 business days after the occurrence of the Listed Event. Notwithstanding the foregoing, notice of Listed Events described in subsections (a)(5) and (b)(3) above need not be given under this subsection any earlier than the notice (if any) of the underlying event is given to owners of affected Bonds under the Trust Agreement. Section 6. Identifying Information for Filings with EMMA. All documents provided to EMMA under this Disclosure Certificate shall be accompanied by identifying information as prescribed by the MSRB. Section 7. Termination of Reporting Obligation. The City's obligations under this Disclosure Certificate shall terminate upon the defeasance, prior redemption or payment in full of all of the Bonds. Section 8. Dissemination A%zent. (a) Appointment of Dissemination Agent. The City may, from time to time, appoint or engage a Dissemination Agent to assist it in carrying out its obligations under this Disclosure Certificate and may discharge any such agent, with or without appointing a successor Dissemination Agent. If the Dissemination Agent is not the City, the Dissemination Agent shall not be responsible in any manner for the content of any notice or report prepared by the City pursuant to this Disclosure Certificate. It is understood and agreed that any information that the Dissemination Agent may be instructed to file with EMMA shall be prepared and provided to it by the City. The Dissemination Agent has undertaken no responsibility with respect to the content of any reports, notices or disclosures provided to it under this Disclosure Certificate and has no liability to any person, including any Bondholder, with respect to any such reports, notices or disclosures. The fact that the Dissemination Agent or any affiliate thereof may have any fiduciary or banking relationship with the City shall not be construed to mean that the Dissemination Agent has actual knowledge of any event or condition, except as may be provided by written notice from the City. (b) Compensation of Dissemination Agent. The Dissemination Agent shall be paid compensation by the City for its services provided hereunder in accordance with its schedule of fees as agreed to between the Dissemination Agent and the City from time to time and all expenses, legal fees and expenses and advances made or incurred by the Dissemination Agent in the performance of its duties hereunder. The Dissemination Agent shall not be deemed to be acting in any fiduciary capacity for the City, owners or Beneficial Owners, or any other party. The Dissemination Agent may rely, and shall be protected in acting or refraining from acting, upon any direction from the City or an opinion of nationally recognized C-4 bond counsel. The Dissemination Agent may at any time resign by giving written notice of such resignation to the City. The Dissemination Agent shall not be liable hereunder except for its negligence or willful misconduct. (c) Responsibilities of Dissemination Agent. In addition of the filing obligations of the Dissemination Agent set forth in Sections 3(e) and 5, the Dissemination Agent shall be obligated, and hereby agrees, to provide a request to the City to compile the information required for its Annual Report at least 30 days prior to the date such information is to be provided to the Dissemination Agent pursuant to subsection (c) of Section 3. The failure to provide or receive any such request shall not affect the obligations of the City under Section 3. Section 9. Amendment, Waiver. Notwithstanding any other provision of this Disclosure Certificate, the City may amend this Disclosure Certificate (and the Dissemination Agent shall agree to any amendment so requested by the City that does not impose any greater duties or risk of liability on the Dissemination Agent), and any provision of this Disclosure Certificate may be waived, provided that all of the following conditions are satisfied: (a) Change in Circumstances. If the amendment or waiver relates to the provisions of Sections 3(a), 4 or 5(a) or (b), it may only be made in connection with a change in circumstances that arises from a change in legal requirements, change in law, or change in the identity, nature, or status of an obligated person with respect to the Bonds, or the type of business conducted. (b) Compliance as of Issue Date. The undertaking, as amended or taking into account such waiver, would, in the opinion of a nationally recognized bond counsel, have complied with the requirements of the Rule at the time of the original issuance of the Bonds, after taking into account any amendments or interpretations of the Rule, as well as any change in circumstances. (c) Consent of Holders; Non -impairment Opinion. The amendment or waiver either (i) is approved by the Bondholders in the same manner as provided in the Trust Agreement for amendments to the Trust Agreement with the consent of Bondholders, or (ii) does not, in the opinion of nationally recognized bond counsel, materially impair the interests of the Bondholders or Beneficial Owners. If this Disclosure Certificate is amended or any provision of this Disclosure Certificate is waived, the City shall describe such amendment or waiver in the next following Annual Report and shall include, as applicable, a narrative explanation of the reason for the amendment or waiver and its impact on the type (or in the case of a change of accounting principles, on the presentation) of financial information or operating data being presented by the City. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in the same manner as for a Listed Event under Section 5(c), and (ii) the Annual Report for the year in which the change is made should present a comparison (in narrative form and also, if feasible, in quantitative form) between the financial statements as prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles. Section 10. Additional Information. Nothing in this Disclosure Certificate shall be deemed to prevent the City from disseminating any other information, using the means of dissemination set forth in this Disclosure Certificate or any other means of communication, or including any other information in any Annual Report or notice of occurrence of a Listed Event, in addition to that which is required by this Disclosure Certificate. If the City chooses to include any information in any Annual Report or notice of occurrence of a Listed Event in addition to that which is specifically required by this Disclosure Certificate, the City shall have no obligation under this Disclosure Certificate to update such information or include it in any future Annual Report or notice of occurrence of a Listed Event. C-5 Section 11. Default. In the event of a failure of the City to comply with any provision of this Disclosure Certificate, any Bondholder or Beneficial Owner may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the City to comply with its obligations under this Disclosure Certificate. The sole remedy under this Disclosure Certificate in the event of any failure of the City to comply with this Disclosure Certificate shall be an action to compel performance. Section 12. Duties. Immunities and Liabilities of Dissemination Agent. The Dissemination Agent shall have only such duties as are specifically set forth in this Disclosure Certificate, and no implied covenants or obligations shall be read into this Disclosure Certificate against the Dissemination Agent, and the City agrees to indemnify and save the Dissemination Agent, its officers, directors, employees and agents, harmless against any loss, expense and liabilities which it may incur arising out of or in the exercise or performance of its powers and duties hereunder, including the costs and expenses (including attorneys' fees and expenses) of defending against any claim of liability, but excluding liabilities due to the Dissemination Agent's negligence or willful misconduct. The Dissemination Agent shall have the same rights, privileges and immunities hereunder as are afforded to the Trustee under the Trust Agreement. The obligations of the City under this Section 12 shall survive resignation or removal of the Dissemination Agent and payment of the Bonds. Section 13. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the City, the Dissemination Agent, the Participating Underwriter and the owners and Beneficial Owners from time to time of the Bonds, and shall create no rights in any other person or entity. Date: January 2019 ACKNOWLEDGED: HARRELL & COMPANY ADVISORS, LLC, as Dissemination Agent Authorized Officer 1051 CITY OF BALDWIN PARK Chief Executive Officer EXHIBIT A NOTICE TO EMMA OF FAILURE TO FILE ANNUAL REPORT Name of Issuer: City of Baldwin Park Name of Issue: $ City of Baldwin Park (Los Angeles County, California) 2019 Taxable Pension Obligation Bonds Date of Issuance: January _, 2019 NOTICE IS HEREBY GIVEN that the Obligor has not provided an Annual Report with respect to the above-named Issue as required by the Continuing Disclosure Certificate, dated January _, 2019, furnished by the Issuer in connection with the Issue. The Issuer anticipates that the Annual Report will be filed by Dated: C-7 HARRELL & COMPANY ADVISORS, LLC, as Dissemination Agent LIM Title APPENDIX D PROPOSED FORM OF BOND COUNSEL OPINION [to be provided by Bond Counsel] D-1 APPENDIX E THE BOOK -ENTRY SYSTEM The following description of the Depository Trust Company ("DTC'), the procedures and record keeping with respect to beneficial ownership interests in the Bonds, payment of principal, interest and other payments on the Bonds to DTC Participants or Beneficial Owners, confirmation and transfer of beneficial ownership interest in the Bonds and other related transactions by and between DTC, the DTC Participants and the Beneficial Owners is based solely on information provided by DTC. Accordingly, no representations can be made concerning these matters and neither the DTC Participants nor the Beneficial Owners should rely on the foregoing information with respect to such matters, but should instead confirm the same with DTC or the DTC Participants, as the case may be. Neither the issuer of the Bonds (the "Issuer') nor the trustee, fiscal agent or paying agent appointed with respect to the Bonds (the "Agent') take any responsibilityfor the information contained in this Appendix. No assurances can be given that DTC, DTC Participants or Indirect Participants will distribute to the Beneficial Owners (a) payments of interest, principal or premium, if any, with respect to the Bonds, (b) certificates representing ownership interest in or other confirmation or ownership interest in the Bonds, or (c) redemption or other notices sent to DTC or Cede & Co., its nominee, as the registered owner of the Bonds, or that they will so do on a timely basis, or that DTC, DTC Participants or DTC Indirect Participants will act in the manner described in this Appendix. The current "Rules" applicable to DTC are on file with the Securities and Exchange Commission and the current "Procedures" of DTC to be followed in dealing with DTC Participants are on file with DTC. 1. The Depository Trust Company ("DTC"), New York, NY, will act as securities depository for the Bonds (the "Securities"). The Securities will be issued as fully -registered securities registered in the name of Cede & Co. (DTC's partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully -registered Security certificate will be issued for each issue of the Securities, each in the aggregate principal amount of such issue, and will be deposited with DTC. If, however, the aggregate principal amount of any issue exceeds $500 million, one certificate will be issued with respect to each $500 million of principal amount, and an additional certificate will be issued with respect to any remaining principal amount of such issue. 2. DTC, the world's largest securities depository, is a limited -purpose trust company organized under the New York Banking Law, a "banking organization" within the meaning of the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code, and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non -U.S. equity issues, corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC's participants ("Direct Participants") deposit with DTC. DTC also facilitates the post -trade settlement among Direct Participants of sales and other securities transactions in deposited securities, through electronic computerized book - entry transfers and pledges between Direct Participants' accounts. This eliminates the need for physical movement of securities certificates. Direct Participants include both U.S. and non -U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation ("DTCC"). DTCC is the holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non -U.S. securities brokers and dealers, banks, trust companies, and clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly ("Indirect Participants"). DTC has a Standard & Poor's rating of AA+. The DTC Rules applicable to its E-1 Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com. The information contained on such Internet site is not incorporated herein by reference. 3. Purchases of Securities under the DTC system must be made by or through Direct Participants, which will receive a credit for the Securities on DTC's records. The ownership interest of each actual purchaser of each Security ("Beneficial Owner") is in turn to be recorded on the Direct and Indirect Participants' records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the Securities are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in Securities, except in the event that use of the book -entry system for the Securities is discontinued. 4. To facilitate subsequent transfers, all Securities deposited by Direct Participants with DTC are registered in the name of DTC's partnership nominee, Cede & Co., or such other name as may be requested by an authorized representative of DTC. The deposit of Securities with DTC and their registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Securities; DTC's records reflect only the identity of the Direct Participants to whose accounts such Securities are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers. 5. Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time. Beneficial Owners of Securities may wish to take certain steps to augment the transmission to them of notices of significant events with respect to the Securities, such as redemptions, tenders, defaults, and proposed amendments to the Security documents. For example, Beneficial Owners of Securities may wish to ascertain that the nominee holding the Securities for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the registrar and request that copies of notices be provided directly to them. 6. Redemption notices shall be sent to DTC. If less than all of the Securities within an issue are being redeemed, DTC's practice is to determine by lot the amount of the interest of each Direct Participant in such issue to be redeemed. 7. Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to Securities unless authorized by a Direct Participant in accordance with DTC's MMI Procedures. Under its usual procedures, DTC mails an Omnibus Proxy to Issuer as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.'s consenting or voting rights to those Direct Participants to whose accounts Securities are credited on the record date (identified in a listing attached to the Omnibus Proxy). 8. Redemption proceeds and distributions on the Securities will be made to Cede & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC's practice is to credit Direct Participants' accounts upon DTC's receipt of funds and corresponding detail information from Issuer or Agent, on payable date in accordance with their respective holdings shown on DTC's records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in "street name," and will be the responsibility of such Participant and not of DTC, Agent, or E-2 Issuer, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption proceeds, distributions, and dividend payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of Issuer or Agent, disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants. 9. DTC may discontinue providing its services as depository with respect to the Securities at any time by giving reasonable notice to Issuer or Agent. Under such circumstances, in the event that a successor depository is not obtained, Security certificates are required to be printed and delivered. 10. Issuer may decide to discontinue use of the system of book -entry transfers through DTC (or a successor securities depository). In that event, Security certificates will be printed and delivered to DTC. 11. The information in this section concerning DTC and DTC's book -entry system has been obtained from sources that Issuer believes to be reliable, but Issuer takes no responsibility for the accuracy thereof. E-3 Attachment 6 Bond Purchase Agreement Stradling Yocca Carlson & Rauth Draft of 11/6/18 CITY OF BALDWIN PARK 2019 TAXABLE PENSION OBLIGATION BONDS BOND PURCHASE AGREEMENT , 2019 City of Baldwin Park 14403 E. Pacific Avenue Baldwin Park, California 91706 Ladies and Gentlemen: Samuel A. Ramirez & Co., Inc. (the "Underwriter") offers to enter into this Bond Purchase Agreement (the "Purchase Agreement") with you, the City of Baldwin Park, California (the "City"), which, upon acceptance will be binding upon the City and the Underwriter. This offer is made subject to written acceptance by the City at or prior to 5:00 p.m., California time, on the date hereof, and, if not so accepted, will be subject to withdrawal by the Underwriter upon notice delivered to the City at any time prior to the acceptance hereof by the City. Upon such acceptance this Purchase Agreement shall be in full force and effect in accordance with its terms and shall be binding upon the City and the Underwriter. 1. Purchase and Sale. Upon the terms and conditions and in reliance on the representations, warranties and agreements herein set forth, the Underwriter hereby agrees to purchase, and the City hereby agrees to sell to the Underwriter, all (but not less than all) of the $ 2019 Taxable Pension Obligation Bonds (the "Bonds"). The proceeds of the Bonds will be used by the City to (i) refund all or a portion of the City's obligation to the California Public Employees Retirement System ("PERS") evidenced by the PERS Contract of a portion of the City's unfunded accrued actuarial liability, and (ii) paying the costs of issuance of the Bonds. The purchase price for the Bonds shall be $ (representing the $ aggregate principal amount of the Bonds and less $ of Underwriter's discount). The Bonds shall be described in the Preliminary Official Statement (as defined below), except for information permitted to be excluded by the Rule (as defined below), and the Official Statement (as defined below). The Bonds will mature, bear interest at the rate per annum, and be subject to redemption as shown on Exhibit B hereto. The Bonds are being issued pursuant to a Trust Agreement, dated as of January 1, 2019 (the "Trust Agreement"), between the City and U.S. Bank National Association, as trustee (the "Trustee"). The execution and delivery of the Trust Agreement and the issuance and sale of the Bonds have been approved by resolutions of the City dated August 15, 2018 and November 14, 2018 (the "Resolutions"), and the Bonds shall be as described in, and shall be secured under and pursuant to, the Trust Agreement. The Bonds shall be payable as provided in the Trust Agreement. The Trust Agreement, the Bonds, the Continuing Disclosure Certificate dated as of the Closing Date (the "Continuing Disclosure Certificate"), executed and delivered by the City and acknowledged by Harrell & Company Advisors, LLC, as dissemination agent, and this Purchase Agreement are referred to collectively herein as the "Legal Documents," and all capitalized terms not otherwise defined herein shall have the meanings as defined in the Trust Agreement. Pursuant to the City's PERS Contract, the City Council of the City (the "City Council") is obligated to appropriate annually to PERS the amount necessary to pay retirement benefits accruing to City's members of PERS, and to amortize the unfunded accrued actuarial liability with respect to such pension benefits. The Bonds are absolute and unconditional obligations imposed upon the City by law and enforceable against the City pursuant to the PERS Contract and are not limited as to payment to any special source of funds of the City. 2. Delivery of the Official Statement and Other Documents. (a) The City agrees to deliver to the Underwriter, at such address as the Underwriter shall specify, as many copies of the Official Statement dated the date hereof relating to the Bonds (as supplemented and amended from time to time, the "Official Statement") as the Underwriter shall reasonably request as necessary to comply with paragraph (b)(4) of Rule 15c2-12 of the Securities and Exchange Commission under the Securities Exchange Act of 1934 (the "Rule") and with Rule G-32 and all other applicable rules of the Municipal Securities Rulemaking Board. The City agrees to deliver such Official Statements within the earlier of (i) seven (7) business days after the execution hereof or (ii) two (2) business days prior to the Closing Date, provided, that failure by the City to so deliver such Official Statements due to any action or failure to act of the Underwriter or its counsel shall not constitute a breach hereunder. (b) The City hereby authorizes the approval of the Official Statement, by execution thereof by a duly authorized officer of the City. By execution of this Purchase Agreement, the City confirms that the Preliminary Official Statement dated , 2019 with respect to the Bonds (the "Preliminary Official Statement") was deemed final by the City for purposes of the Rule on the date thereof. (c) The Underwriter shall give notice to the City on the Closing if any participating underwriter, as such term is defined in the Rule, remains obligated to deliver Official Statements pursuant to paragraph (b)(4) of the Rule after the Closing. If such notice is given, then the Underwriter shall provide a subsequent notice of the date on which no participating underwriter, as such term is defined in the Rule, remains obligated to deliver Official Statements pursuant to paragraph (b)(4) of the Rule. (d) If the Underwriter provides notice pursuant to Section 2(c) hereof that Official Statements are required under the Rule after the Closing, then, until the earlier to occur of the date on which no participating underwriter (as such term is defined in the Rule) remains obligated to deliver Official Statements pursuant to paragraph (b)(4) of the Rule or ninety (90) days after the Closing (as hereinafter defined), the City shall (i) apprise .the Underwriter of all material developments, if any, occurring with respect to the City after delivery of the Bonds to the Underwriter, and (ii) provide the Underwriter with such 2 information regarding the City, its current financial condition and ongoing operations as the Underwriter may reasonably request. 3. The Closing. At 8:00 a.m., California Time, on , 2019, or at such other time or on such earlier or later date as the City and the Underwriter mutually agree upon, the City and the Trustee will deliver or cause to be delivered to the Underwriter the Bonds in book -entry form through the facilities of The Depository Trust Company, New York, New York ("DTC"), duly executed and the other documents hereinafter mentioned shall be delivered at the offices of Quint & Thimmig LLP in Larkspur, California or at such other location as shall have been mutually agreed upon by the City and the Underwriter. Subject to the terms and conditions hereof, the Underwriter will accept delivery of the Bonds and pay the purchase price thereof by federal funds to the order of the Trustee in an amount equal to the Purchase Price as set forth in Section 1 hereof (which such delivery of and payment for the Bonds is herein called the "Closing," and which such date is herein called the "Closing Date"). The Bonds shall be issued in fully registered form and shall be prepared and delivered as one bond per maturity registered in the name of Cede & Co., as nominee of DTC. It is anticipated that CUSIP identification numbers will be inserted on the Bonds, but neither the failure to provide such numbers nor any error with respect thereto shall constitute a cause for failure or refusal by the Underwriter to accept delivery of the Bonds in accordance with the terms of this Purchase Agreement. 4. Public Offering. The Underwriter agrees to make a bona fide public offering of all of the Bonds at the offering prices set forth in Exhibit B. The Underwriter reserves the right to change such initial public offering prices or yields as the Underwriter deems necessary following the initial public offering period in connection with the marketing of the Bonds. The City hereby authorizes the Underwriter to use the forms or copies of the Resolutions, the Legal Documents and the Official Statement and the information contained therein in connection with the public offering and sale of the Bonds. The City hereby ratifies and confirms its authorization of the distribution and use by the Underwriter prior to the date hereof of the Preliminary Official Statement in connection with the public offering and sale of the Bonds. 5. City Representations, Warranties and Agreements. The City represents, warrants to and agrees with the Underwriter that, as of the date hereof and as of the date of the Closing: (a) Due Organization and Operation; Legal, Valid and BindingObligations. The City is duly organized and operating pursuant to the Constitution and laws of the State of California and has all necessary power and authority to adopt the Resolutions, and to enter into and perform its duties under the Legal Documents, the Resolutions have been adopted and have not been rescinded, and the Legal Documents, when executed and delivered by the respective parties thereto, will constitute legal, valid and binding obligations of the City enforceable against the City in accordance with their respective terms, except as the enforcement thereof may be limited by bankruptcy, insolvency or other laws affecting the enforcement of creditors' rights generally and by the application of equitable principles. (b) No Conflict. The adoption of the Resolutions and the execution and delivery of the Legal Documents, and compliance with the provisions thereof, will not in any material respect conflict with, or constitute a breach of or default under, the City's duties under the Legal Documents, the Resolutions or any law, administrative regulation, court decree, resolution, by-laws, loan agreement, trust agreement, indenture, bond, note or other agreement to which the City is subject or by which it or any of its property is bound which such conflict, breach or default would have a material adverse effect on the financial condition of the City or the ability of the City to perform its obligations under the Legal Documents. (c) No Consents Required. After due inquiry, except as may be required under blue sky or other securities laws of any state, or with respect to any permits or approvals heretofore received which are in full force and effect or the requirement for which is otherwise disclosed in the Official Statement, there is no consent, approval, authorization or other order of, or filing with, or certification by, any governmental authority, board, agency or commission or other regulatory authority having jurisdiction over the City, other than the approval and authorization of the City Council of the City, required for the adoption of the Resolutions and execution and delivery of the Legal Documents or the consummation by the City of the other transactions contemplated by the Official Statement, the Resolutions or the Legal Documents, including this Purchase Agreement. (d) No Litigation. There is no action, suit, proceeding or investigation at law or in equity before or by any court or governmental agency or body pending or, to the knowledge of the City, threatened against the City to restrain or enjoin the delivery of the Bonds, or in any way contesting or affecting the validity of the Legal Documents, the Resolutions or the Bonds, or contesting the powers of the City to enter into or perform its obligations under any of the foregoing, or contesting the accuracy or completeness of the Preliminary Official Statement or the Official Statement or any supplement or amendment thereto. (e) Preliminary Official Statement Correct and Complete. The Preliminary Official Statement, as of its date and as of the date hereof, did not and does not contain any untrue statement of a material fact or omit (except as permitted by the Rule) to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading except that no representation and warranty is made concerning statements and information relating to DTC or the Book -Entry System. (f) Official Statement Correct and Complete. The Official Statement (excluding the statements and information relating to DTC and the Book -Entry System) does not and (unless amended or supplemented pursuant to Section 50) hereof) at all times subsequent hereto to and including the Closing Date will not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. (g) Blue Sky Cooperation. The City agrees to cooperate with the Underwriter in endeavoring to qualify the Bonds for offering and sale under the securities or Blue Sky laws of such jurisdictions of the United States as the Underwriter may request; provided, that the City shall not be required to take any action which, in the opinion of the City Council, would subject the City to jurisdiction, personal or otherwise, in any jurisdiction in which it is not now so subject or to qualify to do business in any jurisdiction where it is not now so qualified. (h) Due Approval of Official Statement Distribution. By official action of the City prior to the execution hereof, the City has duly approved the distribution of the Preliminary Official Statement and the distribution of the Official Statement, has duly adopted the Resolutions and has duly authorized and approved the execution and delivery of, and the performance by the City of the obligations on its part contained in, the Legal Documents and the consummation by it of all other transactions contemplated by the Official Statement and the Legal Documents, including this Purchase Agreement. (i) No Breach or Default. Except as described in the Preliminary Official Statement and the Official Statement, the City is not in breach of or in default under any applicable law or administrative regulation of the State of California or the United States or any applicable judgment or decree or any loan agreement, trust agreement, bond, note, resolution, agreement or other instrument to which the City is a party or is otherwise subject which breach or default would have a material and adverse impact upon the financial condition of the City or on the City's ability to perform its obligations under the Legal Documents, and no event has occurred and is continuing which, with the passage of time or the giving of notice, or both, would constitute a default or an event of default under any such instrument. To the best knowledge of the City, without independent investigation, the City is not in default as to the payment of principal or interest with respect to any debt obligation issued by the City or with respect to any debt obligation guaranteed by the City as guarantor. 0) Agreement to Notify Underwriter Regarding, Official Statement. The City will advise the Underwriter promptly of any proposal to amend or supplement the Official Statement and will not effect any such amendment or supplement without the consent of the Underwriter. The City will advise the Underwriter promptly of the institution of any proceedings known to it seeking to prohibit or otherwise affect the use of the Official Statement in connection with the offering, sale or distribution of the Bonds. (k) Agreement to Amend Official Statement. If, at any time from the date hereof to and including twenty-five (25) days after the end of the underwriting period, in the reasonable opinion of the Underwriter, the Official Statement as then amended or supplemented includes an untrue statement of a material fact, or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, the City will prepare an amendment or supplement to the Official Statement; provided that all expenses thereby incurred (including printing expenses) will be paid for by the City. Unless otherwise notified in writing by the Underwriter on or prior to the date of the Closing, the City may assume that the "end of the underwriting period" for the Bonds for all purposes of Rule 15c2-12 under the Securities and Exchange Act of 1934 is the date of the Closing. In the event such notice is given in writing by the Underwriter, the Underwriter agrees to notify the City in writing following the occurrence of the "end of the underwriting period" as defined in Rule 15c2-12 for the Bonds. The "end of the underwriting period" as used in this Purchase Agreement shall mean the Closing Date or such later date as to which notice is given by the Underwriter in accordance with the preceding sentence. (1) Amendments to Official Statement Correct and Complete. If the information contained in the Official Statement is amended or supplemented pursuant to the immediately preceding subparagraph, at the time of each supplement or amendment thereto and (unless subsequently again supplemented or amended pursuant to such subparagraph) at all times subsequent thereto up to and including the date twenty-five (25) days after the end of the underwriting period, the portions of the Official Statement so supplemented or amended (including any financial and statistical data contained therein) will be true and correct in all material respects and such information will not contain any untrue statement of a material fact or omit to state any material fact necessary to make the information therein, in the light of the circumstances under which it was made, not misleading except that no representation and warranty is made concerning statements and information relating to DTC or the Book - Entry System. If at any time prior to the earlier of (i) receipt of notice from the Underwriter pursuant to Section 2(c) hereof that Official Statements are no longer required to be delivered; and (ii) twenty-five (25) days after the end of the underwriting period, any event occurs with respect to the City as a result of which the Official Statement as then amended or supplemented might include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, the City shall promptly notify the Underwriter in writing of such event. Any information supplied by the City for inclusion in any amendment or supplement to the Official Statement will not contain any untrue statement of a material fact relating to the City or omit to state any material fact relating to the City necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, except that no representation and warranty is made concerning statements and information relating to DTC or the Book -Entry System. (m) City Financial Statements. The financial statements of, and other financial information regarding, the City in the Preliminary Official Statement and the Official Statement fairly present the financial position and results of the operations of the City as of the dates and for the periods therein set forth and the audited financial statements have been prepared in accordance with generally accepted accounting principles consistently applied. Except as disclosed in the Preliminary Official Statement and the Official Statement or otherwise disclosed in writing to the Underwriter, there has not been any material adverse change in the financial condition of the City since June 30, 2017 and there has been no occurrence, circumstance or combination thereof which is reasonably expected to result in any such materially adverse change. (n) Compliance with Continuing; Disclosure. Except as disclosed in the Preliminary Official Statement, to the best knowledge of the City, the City is, and at all times during the previous five years has been, in material compliance with all of its prior continuing disclosure undertakings under Rule 15c2-12, and at the Closing Date, the City will undertake pursuant to the Continuing Disclosure Certificate to provide certain annual financial information and notices of the occurrence of certain events. The form of this undertaking is set forth in the Preliminary Official Statement and will also be set forth in the Official Statement. (o) Limitation on Issuance. Except as disclosed in the Official Statement, or in the ordinary course of business, the City will not, prior to the Closing, offer or issue any bonds, notes or other obligations for borrowed money payable from the General Fund of the City. 6. Conditions to the Obligations of the Underwriter. The Underwriter has entered into this Purchase Agreement in reliance upon the representations, warranties and agreements of the City 0 contained herein, the representations, warranties and agreements to be contained in the documents and instruments to be delivered at the Closing, the performance by the City of its obligations hereunder and the opinion of Quint & Thimmig LLP, Bond Counsel to the City ("Bond Counsel"), counsel to the Trustee, counsel to the City and counsel to the Underwriter described hereafter. Accordingly, the Underwriter's obligations under this Purchase Agreement to purchase, to accept delivery of and to pay for the Bonds shall be conditioned upon and subject to (i) the performance by the City and the Trustee of their obligations to be performed hereunder and under such documents and instruments as shall reasonably be requested by the Underwriter or its counsel at or prior to the Closing and (ii) the accuracy in all material respects, in the reasonable judgment of the Underwriter, of the representations and warranties of the City herein as of the date hereof and as of the time of the Closing Date, and shall also be subject to the following additional conditions: (a) Bring -down of Representations. The representations, warranties and agreements of the City contained herein shall be true, complete and correct on the date hereof and on and as of the Closing Date. (b) Default Judgment. Copies of the default judgment, dated , 2019 entered in favor of the City in connection with City of Baldwin Park v. All Persons Interested, etc., Case No. BC718816, filed in the Superior Court of California for the County of Los Angeles (the "Default Judgment"). (c) Authorization, Execution and Delivery of Documents. At the Closing, the Legal Documents, the Bonds and the Official Statement shall have been duly authorized, executed and delivered by the respective parties thereto, in substantially the forms heretofore submitted to the Underwriter, with only such changes as shall have been agreed to in writing by the Underwriter, and said agreements shall not have been amended, modified or supplemented, except as may have been agreed to in writing by the Underwriter, and each shall be in full force and effect. (d) No Amendment of Official Statement. At the Closing, the Official Statement shall not have been amended, modified or supplemented, except as may have been agreed to in writing by the Underwriter. (e) Marketability Adversely Affected. In the reasonable judgment of the Underwriter, between the date hereof and the Closing, the marketability of the Bonds at the initial offering prices set forth in the Official Statement shall not have been materially adversely affected by reason of any of the following: (1) Legislation, Judicial Decisions or Rulings. An amendment to the Constitution of the United States or the Constitution of the State of California shall have been passed or legislation enacted, introduced in the Congress or in the legislature of the State of California or recommended for passage by the President of the United States, or a decision rendered by a court established under Article III of the Constitution of the United States or by the Tax Court of the United States, or an order, ruling, regulation (final, temporary or proposed) or official statement issued or made: (i) Regarding State Tax Exemption — by or on behalf of the State of California or the California Franchise Tax Board, with the purpose or 7 (5) Negative Assurance Letter of Disclosure Counsel. The negative assurance letter of Quint & Thimmig LLP, Larkspur, California, Disclosure Counsel to the City ("Disclosure Counsel"), dated the Closing Date and addressed to the City and the Underwriter, to the effect that based upon their participation in the preparation of the Official Statement, no facts have come to the attention of the attorneys in the firm rendering legal services in connection with such representation which has led them to believe that the Official Statement, as of its date and as of the date of Closing contained or contains any untrue statement of a material fact or omitted or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (excluding therefrom: (i) the expressions of opinion, the assumptions, the projections, the financial statements or other financial, numerical, economic, demographic or statistical data contained in the Official Statement, (ii) any CUSIP numbers or information relating thereto contained in the Official Statement, (iii) any information contained in the appendices to the Official Statement, (iv) any information with respect to the Depository Trust Company and its book entry system for the Bonds contained or incorporated in the Official Statement, (v) any information incorporated by reference into the Official Statement, (vi) information with respect to the rating on the Bonds and the rating agency referenced in the Official Statement, and (vii) compliance by the City with its obligations to provide notices of the events described in Part (b)(5)(i)(C) of the Rule or to file annual reports described in Part (b)(5)(i)(A) of the Rule). (6) Certificate of Municipal Advisor. A certificate of Harrell & Company Advisors, LLC, municipal advisor to the City (the "Municipal Advisor"), dated the Closing Date and addressed to the City and the Underwriter to the effect that based upon their participation in the preparation of the Preliminary Official Statement and the Official Statement as Municipal Advisor, without assuming any responsibility for the accuracy, completeness or fairness of any of the statements contained in the Official Statement nor making any representation regarding independent verification of the accuracy, completeness or fairness of any of the statements contained in the Official Statement, such counsel advises that during the course of such representation of the City as disclosure counsel on this matter, no information has come to their attention which would lead them to believe that the Official Statement as of its date or as of the date of Closing (except for any financial, statistical or economic data or forecasts, numbers, charts, tables, graphs, estimates, projections, assumptions or expressions of opinion contained in the Official Statement, the information in Appendices A, B, C, D, and E, the information about book -entry or DTC or the Book Entry system included therein, as to which no opinion or view need be expressed) contained or contains any untrue statement of a material fact or omitted or omits to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. (7) Opinion of Underwriter's Counsel. The opinion of Stradling Yocca Carlson & Rauth, a Professional Corporation, Newport Beach, California ("Underwriter's Counsel"), dated the Closing Date and addressed to the Underwriter, in form and substance satisfactory to the Underwriter. 11 (8) City No Litigation Certificate. A certificate, dated the date of Closing, signed by a duly authorized official of the City satisfactory in form and substance to the Underwriter and counsel to the Underwriter, to the effect that no action, suit or proceeding is pending or, to the best of his or her knowledge, threatened against the City (a) to restrain or enjoin the execution or delivery of any of the Bonds or the Legal Documents, (b) in any way contesting or affecting the validity of the Bonds, the Legal Documents, or the authority of the City to enter into the Legal Documents, (c) in any way contesting or affecting the powers of the City in connection with any action contemplated by the Official Statement or this Purchase Agreement, (d) in anyway contesting the accuracy or completeness of the Preliminary Official Statement or the Official Statement or any supplement or amendment thereto, or (e) in any way materially affecting the ability of the City to perform its obligations under the Legal Documents. (9) Legal Documents. A copy of each of the Legal Documents. (10) Official Statement. A copy of the Official Statement. (11) Trustee Resolution. A copy of the general resolution of the Trustee authorizing the execution and delivery of certain documents by certain officers of the Trustee, which resolution authorizes the execution and delivery of the Bonds and the Trust Agreement. (12) Trustee's Representations, Warranties and Agreements. At the time of and as a condition to Closing, the Trustee, subject to the limitations provided herein, will represent, warrant to and agree with the Underwriter pursuant to a certificate, dated the date of Closing, that as of the date of Closing: (i) Due Organization and Existence - the Trustee is duly organized and existing as a national banking association duly organized and existing under the laws of the United States of America having the full power and authority to enter into and perform its duties under the Trust Agreement and to execute and deliver the Bonds to the Underwriter pursuant to the terms of the Trust Agreement; (ii) Due Authorization; Valid and Binding Obligations - the Trustee is duly authorized to enter into the Trust Agreement; (iii) No Conflict - the execution and delivery by the Trustee of the Trust Agreement, and compliance with the terms thereof, will not, in any material respect, conflict with, or result in a violation or breach of, or constitute a default under, any material agreement or material instrument to which the Trustee is a party or by which it is bound, or any law or any rule, regulation, order or decree of any court or governmental agency or body having jurisdiction over the Trustee or any of its activities or properties, which conflict breach or default would materially adversely affect the ability of the Trustee to perform its obligations under the Trust Agreement or (except with respect to the lien of the Trust Agreement) result in the creation or 12 imposition of any lien, charge or other security interest or encumbrance of any nature whatsoever upon any of the property or assets of the Trustee; (iv) Consents — exclusive of federal or state securities laws and regulations, other than routine filings required to be made with governmental agencies in order to preserve the Trustee's authority to perform a trust business (all of which routine filing, to the best of the Trustee's knowledge, have been made), no consent, approval, authorization or other action by any governmental or regulatory authority having jurisdiction over the Trustee is or will be required for the execution and delivery by the Trustee of the Trust Agreement or the execution and delivery of the Bonds; and (v) No Litigation — to the Trustee's knowledge, there is no litigation pending or threatened against or affecting the Trustee to restrain or enjoin the Trustee's participation in, or in any way contesting the powers of the Trustee with respect to, the transactions contemplated by the Bonds and the Trust Agreement (13) Resolutions. Copies of the Resolutions adopted by the City and certified by the Clerk of the City Clerk authorizing the execution and delivery of the Legal Documents; (14) Cil, Bring -Down Certificate. A certificate of an authorized officer of the City, dated the date of Closing, confirming as of such date the representations and warranties of the City contained in this Purchase Agreement; (15) Rating. Evidence from S&P that the Bonds have been rated "_" by such agency; (16) DTC Blanket Letter of Representations. A copy of the executed Blanket Letter of Representations by and between the City and DTC, relating to the book -entry system for the Bonds; (17) CDIAC Notices. Evidence of required filings with the California Debt and Investment Advisory Commission; and (18) Miscellaneous. Such additional legal opinions, certificates, proceedings, instruments and other documents as Bond Counsel, Disclosure Counsel and Underwriter's Counsel may reasonably request to evidence compliance with legal requirements, the truth and accuracy, as of the time of Closing, of the representations and warranties contained herein and in the Official Statement and the due performance or satisfaction by the Trustee and the City at or prior to such time of all agreements then to be performed and all conditions then to be satisfied. (g) All matters relating to this Purchase Agreement, the Bonds and the sale thereof, the Official Statement, the Legal Documents and the consummation of the transactions contemplated by this Purchase Agreement shall have been approved by the Underwriter and counsel for the Underwriter, such approval not to be unreasonably withheld. 13 If the conditions to the Underwriter's obligations contained in this Purchase Agreement are not satisfied or if the Underwriter's obligations shall be terminated for any reason permitted by this Purchase Agreement, this Purchase Agreement shall terminate and neither the Underwriter nor the City shall have any further obligations hereunder, except that the respective obligations of the City and the Underwriter set forth in Paragraph 8 hereof (relating to expenses) hereof shall continue in full force and effect. 7. Expenses. (a) The City shall pay or cause to be paid from the proceeds of the Bonds or other funds available to it the expenses incident to the performance of its obligations hereunder, including but not limited to: (i) the cost of printing and distribution of the Official Statement in reasonable quantities and all other documents (other than as set forth in the next succeeding paragraph) prepared in connection with the transactions contemplated hereby, including distribution costs and all mailing, including overnight and express delivery, costs; (ii) the fees and disbursements of the Trustee in connection with the execution and delivery of the Bonds; and (iii) the fees and disbursements of Bond Counsel, Disclosure Counsel, Municipal Advisor, and any other experts or consultants retained by the City in connection with the transactions contemplated hereby. (b) The Underwriter shall pay, which shall be included in the expense component of the Underwriter's discount: (i) all advertising expenses in connection with the public offering of the Bonds; (ii) the fees and expenses of Underwriter's Counsel, including their fees in connection with the qualification of the Bonds for sale under the Blue Sky or other securities laws and regulations of various jurisdictions; (iii) California Debt and Investment Advisory Commission fees; and (iv) all other expenses incurred by the Underwriter in connection with its public offering and distribution of the Bonds, including CUSIP fees. 8. Notices. (a) Underwriter. Any such notice or other communication to be given to the Underwriter may be given by delivering the same to the Underwriter, Samuel A. Ramirez & Co., Inc., 445 S Figueroa Street, Suite 2310, Los Angeles, California 90071, Attention: Carmen Vargas, Senior Vice President, Public Finance. (b) C&. Any notice or communication to be given the City under this Purchase Agreement may be given by delivering the same to the City of Baldwin Park, 14403 E. Pacific Avenue, Baldwin Park, California 91706, Attention: Chief Executive Officer. All notices or communications hereunder by any party shall be given and served upon each other party. 9. Parties in Interest: Force and Effect. This Purchase Agreement is made solely for the benefit of the City and the Underwriter (including the successors or assigns thereof) and no other person shall acquire or have any right hereunder or by virtue hereof. All representations, warranties and agreements of the City or the Underwriter pursuant to this Purchase Agreement, shall remain operative and in full force and effect regardless of (i) any investigation made by or on behalf of the Underwriter; (ii) delivery of and payment for the Bonds pursuant to this Purchase Agreement; or (iii) termination of this Purchase Agreement but only to the extent provided by the last paragraph of Paragraph 7 hereof, regarding preconditions of Closing. 14 10. Counterparts. This Purchase Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument. 11. Governing Law. This Purchase Agreement shall be governed by the laws of the State of California. 12. Entire Agreement. This Purchase Agreement when accepted by you in writing as heretofore specified shall constitute the entire agreement between us and is made solely for the benefit of the City and the Underwriter (including the successors or assigns thereof). No other person shall acquire or have any right hereunder or by virtue hereof. 13. Headings. The headings of the paragraphs of this Purchase Agreement are inserted for convenience only and shall not be deemed to be a part hereof. 14. Unenforceable Provisions. If any provision of this Purchase Agreement shall be held or deemed to be or shall, in fact, be invalid, inoperative or unenforceable as applied in any particular case in any jurisdiction or jurisdictions, or in all jurisdictions because it conflicts with any provisions of any constitution, statute, rule of public policy, or any other reason, such circumstances shall not have the effect of rendering the provision in question invalid, inoperable or unenforceable in any other case or circumstance, or of rendering any other provision or provisions of this Purchase Agreement invalid, inoperative or unenforceable to any extent whatsoever. 15. Role of Underwriter. The City acknowledges and agrees that (i) the purchase and sale of the Bonds pursuant to this Purchase Agreement is an arm's-length commercial transaction between the City and the Underwriter, (ii) in connection therewith and with the discussions, undertakings and procedures leading up to the consummation of such transaction, the Underwriter is and has been acting solely as principal and is not acting as the agent or fiduciary of the City, (iii) the Underwriter has not assumed an advisory or fiduciary responsibility in favor of the City with respect to the offering contemplated hereby or the discussions, undertakings and procedures leading thereto (irrespective of whether the Underwriter has provided other services or is currently providing other services to the City on other matters) and (iv) the City has consulted its own legal, financial and other advisors to the extent it has deemed appropriate. 15 16. Effectiveness. This Purchase Agreement shall become effective upon the execution of the acceptance hereof by the Chief Executive Officer of the City or his or her designee and shall be valid and enforceable at the time of such acceptance and acknowledgment. SAMUEL A. RAMIREZ & CO., INC., as Underwriter LIN Accepted: CITY OF BALDWIN PARK By: Chief Executive Officer Date: , 2019 Time of Execution: S-1 Authorized Representative EXHIBIT A FORM OF SUPPLEMENTAL OPINION OF BOND COUNSEL Samuel A. Ramirez & Co., Inc., as Underwriter Los Angeles, California City of Baldwin Park 2019 Taxable Pension Obligation Bonds (Supplemental Opinion) Ladies and Gentlemen: , 2019 This opinion is addressed to you, as underwriter, pursuant to Section 6(f)(2) of the Bond Purchase Agreement, dated '2019 (the "Purchase Agreement"), between Samuel A. Ramirez & Co., Inc. (the "Underwriter") and the City of Baldwin Park (the "City"), providing for the purchase of $ aggregate principal amount of the City's 2019 Taxable Pension Obligation Bonds (the "Bonds"). The Bonds are being issued by the City under the provisions of Articles 10 and 11 (commencing with 53570) of Chapter 3 of Part 1 of Division 2 of Title 5 of the California Government Code (the "Bond Law"), and a Trust Agreement, dated as of January 1, 2019 (the "Trust Agreement"), by and between the City and U.S. Bank National Association, as trustee. Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Trust Agreement, and if not defined in the Trust Agreement, in the Purchase Agreement. In addition to the opinions set forth in our final legal opinion (the "Bond Opinion") concerning the validity of the Bonds and certain other matters, dated the date hereof and addressed to the City, and based on and subject to the matters referred to in such Bond Opinion (which are hereby incorporated herein by reference), and in reliance thereon, as of the date hereof, we are of the following opinions or conclusions: 1. The Bonds are exempt from the registration requirements of the Securities Act of 1933, as amended, and the Trust Agreement is exempt from qualification pursuant to the Trust Indenture Act of 1939, as amended. 2. The Purchase Agreement and the Continuing Disclosure Certificate have been duly authorized, executed and delivered by the City and, assuming due authorization, execution and delivery by the other parties thereto, constitute the legal, valid and binding agreements of the City, enforceable in accordance with their respective terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors' rights and except as their enforcement may be subject to the application of equitable principles and the exercise of judicial discretion in appropriate cases if equitable remedies are sought and by the limitations on legal remedies against public agencies in the State. 3. The information contained in the Official Statement on the cover and under the captions "THE BONDS" (excluding any information relating to DTC and its book -entry A-2 system), "SOURCE OF PAYMENT FOR THE BONDS," "VALIDATION," "TAX MATTERS," APPENDIX A — "SUMMARY OF CERTAIN PROVISIONS OF PRINCIPAL LEGAL DOCUMENTS" and APPENDIX D - "FORM OF OPINION OF BOND COUNSEL," to the extent they purport to summarize certain provisions of the Bonds, the Trust Agreement, the Continuing Disclosure Certificate, the Default Judgment and the form and content of Bond Counsel's approving opinion with respect to the treatment of interest on the Bonds under State or federal law, are accurate in all material respects that based upon their participation in the preparation of the Preliminary Official Statement and the Official Statement as Disclosure Counsel, without assuming any responsibility for the accuracy, completeness or fairness of any of the statements contained in the Official Statement nor making any representation regarding independent verification of the accuracy, completeness or fairness of any of the statements contained in the Official Statement, such counsel advises that during the course of such representation of the City as disclosure counsel on this matter, no information has come to their attention which would lead them to believe that the Official Statement as of its date or as of the date of Closing (except for any financial, statistical or economic data or forecasts, numbers, charts, tables, graphs, estimates, projections, assumptions or expressions of opinion contained in the Official Statement, the information in Appendices A, B, C, D, and E, the information about book -entry or DTC or the Book Entry system included therein, as to which no opinion or view need be expressed) contained or contains any untrue statement of a material fact or omitted or omits to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. This letter is delivered to and for the sole benefit of the above addressees, is issued for the sole purpose of the transaction specifically referred to herein, and is not to be used, circulated, quoted or otherwise referred to or relied upon for any other purpose or by any other person. The provision of this opinion to you shall not create any attorney-client relationship between our firm and the Underwriter. This opinion may not be relied upon by any other person, firm, corporation or other entity without our prior written consent, and we have no obligation to update this opinion. Very truly yours, QUINT & THIMMIG LLP A-3 EXHIBIT B MATURITY SCHEDULE Maturity Principal Interest June 1 Amount Rate Yield Price [* Term Bond.] /=� BALDWIN PARK FINANCE AUTHORITY NOVEMBER 14, 2018 7:00 PM SPECIAL MEETING COUNCIL CHAMBER 14403 E. PACIFIC AVENUE BALDWIN PARK, CA 91706 (626) 960-4011 SAN,GARRIEL A IL IL E O iAW3Pyr Manuel Lozano - Chair Ricardo Pacheco Cruz Baca Monica Garcia Susan Rubio - Vice Chair - Board Member - Board Member - Board Member PLEASE TURN OFF CELL PHONES AND PAGERS WHILE MEETING IS IN PROCESS POR FA VOR DE APAGAR SUS TELEFONOS CEL ULARES Y BEEPERS DURANTE LA JUNTA PUBLIC COMMENTS The public is encouraged to address the Housing Authority on any matter posted on the agenda or on any other matter within its jurisdiction. If you wish to address the Board, you may do so during the PUBLIC COMMUNICATIONS period noted on the agenda. Each person is allowed three (3) minutes speaking time. A Spanish speaking interpreter is available for your convenience. COMENTARIOS DEL PUBLICO Se invita al publico a dirigirse a la Agencia nombrada en esta agenda, para hablar sobre cualquier asunto publicado en la agenda o cualquier tema que este bajo su jurisdiccion. Si usted desea la oportunidad de dirigirse a la Agencia, podra hacerlo durante el periodo de Comentarios del Publico (Public Communications) anunciado en la agenda. A cada persona se le permite hablar por tres (3) minutos. Hay un interorete para su conveniencia. Any written public record relating to an agenda item for an open session of a regular meeting of the Finance Authority that is distributed to the Members of the Authority less than 72 hours prior to that meeting will be available for public inspection at City Hall in the City Clerk's office at 14403 E. Pacific Avenue, 3rd Floor during normal business hours (Monday - Thursday, 7:30 a.m. - 6:00 p.m.) FINANCE AUTHORITY SPECIAL MEETING — 7:00 PM CALL TO ORDER ROLL CALL Board Members: Cruz Baca, Monica Garcia, Susan Rubio, Vice Chair Ricardo Pacheco and Chair Manuel Lozano PUBLIC COMMUNICATIONS Three (3) minute speaking time limit Tres (3) minutos sera el limite para hablar THIS IS THE TIME SET ASIDE TO ADDRESS THE COMMISSION No action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons, or 2) Direct staff to investigate and/or schedule matters for consideration at a future meeting. [Government Code §54954.2] ESTE ES EL PERIODO DESIGNADO PARA DIRIGIRSE AL COMISION No se podra tomar accion en algOn asunto a menos que sea incluido en la agenda, o a menos que exista algana emergencia o circunstancia especial. EI cuerpo legislativo y su personal podran: 1) Responder brevemente a declaraciones o preguntas hechas por personas, o 2) Dirigir personal a investigar y/o fijar asuntos para tomar en consideracion en juntas proximas. [Codigo de Gobierno §54954.2] CONSENT CALENDAR 1. Treasurer's Report — September 2018 Staff recommends that the Board receive and file the Treasurer's Report. ADJOURNMENT CERTIFICATION I, Alejandra Avila, Secretary of the Finance Authority hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda was posted on the City Hall bulletin board not less than 24 hours prior to the meeting. Dated this 8t" day of November, 2018. 'Alejandra Avila Secretary PLEASE NOTE. Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 2"d Floor Lobby Area or at the Los Angeles County Public Library in the City of Baldwin Park. For further information regarding agenda items, please contact the office of the City Clerk at (626) 960-4011 ext. 466 or via e- mail at aavila(a1baldwinnark.com. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 960-4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE 11) ITEM NO. :L TO: Honorable Chair and Board Members of the Financing Authority FROM: Rose Tam, Director of Finance DATE: November 14, 2018 SUBJECT: Treasurer's Report — September 2018 SUMMARY Attached is the Treasurer's Report for the month of September 2018. The Treasurer's Report lists all cash for the City which includes the Baldwin Park Financing Authority, the Housing Authority, and the Successor Agency to the Community Development Commission (CDC). All investments are in compliance with the City's Investment Policy and the California Government Code. RECOMMENDATION Staff recommends that Council receive and file the Treasurer's Report for September 2018. FISCAL IMPACT None BACKGROUND City of Baldwin Park Investment Policy requires the Treasurer's Report be submitted to the Mayor and City Council on a monthly basis. LEGAL REVIEW Not Applicable ATTACHMENT 1. Exhibit "A", Treasurer's Report Exhibit "A" Treasurers Report CITY OF BALDWIN PARK TREASURER'S REPORT 9!30!2018 INVESTMENT INTEREST PURCHASE MATURITY PAR CURRENT BOOK MARKET ' DESCRIPTION RATE DATE DATE VALUE PRINCIPAL VALUE VALUE Stab of CalHomis Local Agency Investment Fund (LAIF) City4n ludlng General Fund 5 all other Special Revenue Furls 2.06% Varies Varies $ 24,919,830.46 $ 24,919,830.46 S 24,919,830.46 $ 24,919,830.46 Housing Authority 2.06% Varies Varies 13,416.82 13,416.82 13,416.82 13,415.82 24,933,246.28 24,933,246.28 24,933,246.28 24,933,246.29 �prr8ricab o1 Deposit 1.90% 1/25/2018 1/26/2019 260,000.00 260,000.00 250,000.00 249,710.00 Citibank National Association (Mutual Securities) American Express Centurion (Mutual Securities) 1.60% 4/12/2017 4/12/2019 250,000.00 260,000.00 260,000.00 249,180.00 EverbankJacksomille (Mutual Securities) 1.65% 411(l/2017 4/16/2019 260,000.00 260,000.00 250,000.00 249,077.50 Goldman Sachs Bk USA NY (Mutual Securities) 725% 1/2412018 1/24/2020 260,000.00 250,000.00 250,000.00 248,722.50 Sallie Mae Bk SLT Lake City UT (Mutual Securities) 2.25% 1/24/2018 1/2412020 260,000.00 250,000.00 260,000.00 248,722.60 Saha National Bank New York (Cantella) 2.00% 4/16/2018 4115/2019 250,000.00 260,000.00 250,000.00 249,672.50 Morgan Stanley Bank N A Utah(Cantella) 2.64% 4119/2018 4120/2020 250,000.00 260,000.00 260,000.00 249,676.00 1,750,000.00 1,750,000.00 1,750,000.00 1,744,760.00 US Treasury Bill (UBS) 247% 3/29/2018 3/28/2019 1,000,000.00 1,000,000.00 1,000,000.00 988,600.00 Fiscal Agent Funs (TrusVDabt Service Fund) Varies Varies Vary 0.00 0.00 0.00 0.00 Fiscal Agent Funds - Successor Agency (Trust/Debt Service Fund, Varies Varies Varies 9,967.45 9,967.45 9,967.46 9,967.45 9,967.46 9,967.45 9,967.46 9,967.45 $ 27,693,213.73 $ 27,6931213.73 $__27693,21&73 $ 27,676,573.73 Told Invesbnents $ 27,693,213.73 Cash with Bank of the Wast City Checking 1,i10,2o4 m Money Market Plus 132,482.73 City Miscellaneous Cash 53,7511.89 Successor Agency 502,491.87 Housing Authority 270,676.48 Financing Authority 1,719.06 Investment Brokerage 59.44 Total Cash with Bank otthe West 2,771,292.56 Total Cash and Investments $ 30464,506.29 Schedule of Cash and Investments includes city-wide assets as included in the Comprehensive Annual Financial Report. • There was 4 investments that matured in September 2018. No purchase transactions were made for the month of September 2018 and several depositatwithdrawals were made through the Local Agency investment Fund. In compliance with the California Government Code Section 53646 at seq., I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy. Approved by: Rose Tam \ Director of Finance /=� BALDWIN PARK HOUSING AUTHORITY NOVEMBER 14, 2018 7:00 PM SPECIAL MEETING COUNCIL CHAMBER 14403 E. PACIFIC AVENUE BALDWIN PARK, CA 91706 (626) 960-4011 Manuel Lozano - Chair Ricardo Pacheco - Vice Chair Cruz Baca - Board Member Monica Garcia - Board Member Susan Rubio - Board Member PLEASE TURN OFF CELL PHONES AND PAGERS WHILE MEETING IS IN PROCESS POR FA VOR DE APAGAR SUS TELEFONOS CEL ULARES Y BEEPERS DURANTE LA JUNTA PUBLIC COMMENTS The public is encouraged to address the Housing Authority on any matter posted on the agenda or on any other matter within its jurisdiction. If you wish to address the Board, you may do so during the PUBLIC COMMUNICATIONS period noted on the agenda. Each person is allowed three (3) minutes speaking time. A Spanish speaking interpreter is available for your convenience. COMENTARIOS DEL PUBLICO Se invita al publico a dirigirse a la Agencia nombrada en esta agenda, para hablar sobre cualquier asunto publicado en la agenda o cualquier tema que este bajo su jurisdiccion. Si usted desea la oportunidad de dirigirse a la Agencia, podra hacerlo durante el periodo de Comentarios del Publico (Public Communications) anunciado en la agenda. A cada persona se le permite hablar por tres (3) minutos. Hay un interprete para su conveniencia. Any written public record relating to an agenda item for an open session of a regular meeting of the Housing Authority that is distributed to the Members of the Authority less than 72 hours prior to that meeting will be available for public inspection at City Hall in the City Clerk's office at 14403 E. Pacific Avenue, 3rd Floor during normal business hours (Monday - Thursday, 7:30 a.m. - 6:00 p.m.) HOUSING AUTHORITY SPECIAL MEETING — 7:00 PM CALL TO ORDER ROLL CALL Board Members: Cruz Baca, Monica Garcia, Susan Rubio, Vice Chair Ricardo Pacheco and Chair Manuel Lozano PUBLIC COMMUNICATIONS Three (3) minute speaking time limit Tres (3) minutos sera el limite para hablar THIS IS THE TIME SET ASIDE TO ADDRESS THE COMMISSION No action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons, or 2) Direct staff to investigate and/or schedule matters for consideration at a future meeting. [Government Code §54954.2] ESTE ES EL PERIODO DESIGNADO PARA DIRIGIRSE AL COMISION No se podra tomar accion en algOn asunto a menos que sea incluido en la agenda, o a menos que exista algana emergencia o circunstancia especial. EI cuerpo legislativo y su personal podran: 1) Responder brevemente a declaraciones o preguntas hechas por personas, o 2) Dirigir personal a investigar y/o fijar asuntos para tomar en consideracion en juntas proximas. [Codigo de Gobierno §54954.2] CONSENT CALENDAR 1. Warrants and Demands Staff recommends that the Board ratify the Warrants and Demands. 2. Treasurer's Report — September 2018 Staff recommends that the Board receive and file the Treasurer's Report. ADJOURNMENT CERTIFICATION I, Alejandra Avila, Secretary of the Housing Authority hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda was posted on the City Hall bulletin board not less than 24 hours prior to the meeting. Dated this 8t" day of November, 2018. Alejandra Avila Secretary PLEASE NOTE. Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 2"d Floor Lobby Area or at the Los Angeles County Public Library in the City of Baldwin Park. For further information regarding agenda items, please contact the office of the City Clerk at (626) 960-4011 ext. 466 or via e- mail at aavila(a1baldwinnark.com. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 960-4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE 11) ITEM NO. TO: Honorable Chair and Board Members of the Housing Authority FROM: Rose Tam, Director of Financec-) AY DATE: November 14, 2018 SUBJECT: Baldwin Park Housing Authority's Warrants and Demands SUMMARY Attached are the Warrants and Demands Registers for the City of Baldwin Park Housing Authority to be ratified by the Board. RECOMMENDATION Staff recommends that the Board ratify the attached Warrants and Demands Registers. FISCAL IMPACT The total of the Warrants and Demands for Housing Authority is $362,758.70. BACKGROUND The attached Claims and Demands report format meets the required information as set out in the California Government Code. Staff has reviewed the requests for expenditures for the appropriate budgetary approval and for the authorization from the department head or its designee. Pursuant to Section 37208 of the California Government Code, the Chief Executive Officer or his/her designee does hereby certify to the accuracy of the demands hereinafter referred. Payments released since the previous meeting and the following is a summary of the payment released: 1. The October 9 to November 5, 2018 Warrant check numbers from 72180 through 72182 in the amount of $57.00 and Automated Clearing House (ACH) in the amount of $362,701.70 were made on behalf of City of Baldwin Park Housing Authority constituting of claims and demands, are herewith presented to the Board as required by law, and hereby ratified. LEGAL REVIEW Not Applicable ATTACHMENT 1. Happy Check Register 2. Happy Check Register ACH Attachment 1 Happy Check Register CHECK REGISTER November 5, 2018 Date Range: 10/09/2018...11/05/2018 Grouped by. VMS Date Range: All Sorted by. Check Number Program: All Check Number Payment Type: All Check Numbers: All Direct Deposit: Exclude Check Cleared. All Port Status: Include Port Ins Zero HAPs: Include Zero HAPs Voided Payments: Include Voided Payments Held Checks: Include Held Checks r/ Check Number Check Date Payee Name DD Amount ❑ 72180 11/01/2018 Annie L Henderson ❑ 24.00 ❑ 72181 11/01/2018 Hermila Silva ❑ 12.00 ❑ 72182 11/01/2018 Vanessa G Ross ❑ 21.00 Total $57.00 Average $19.00 Unit Count 0 Average Weighted by Unit Count Hard to House Count 0 HAPPY Software Page 1 11/05/2018 8:49:40 AM Attachment 2 Happy Check Register ACH r CHECK REGISTER ACH November 5, 2018 Date Range: 10/0912018...11/05/2018 Grouped by.- y:VMS VMSDate Range: All Sorted by: Check Number Program: All Check Number Payment Type: All Check Numbers. All Direct Deposit: Only Check Cleared. All Port Status: Include Port Ins Zero HAPs: Include Zero HAPs Voided Payments: Include Voided Payments Held Checks: Include Held Checks +✓ Check Number Check Date Payee Name DD Amount ❑ 18724 10/09/2018 Antonio & Aida Rinos ® 12.00 ❑ 18725 10/09/2018 Karen Lin ® 19.00 ❑ 18726 10/09/2018 Karen M Hollinhurst ® 885.00 ❑ 18727 10/09/2018 Ngoc T. Lieu ® 2293.00 ❑ 18728 10/09/2018 Woodside Village Apartments LP ® 66.00 ❑ 18729 11/01/2018 ® 1109.00 ❑ 18730 11/01/2018 1015 West Garvey West Covina, LP ® 533.00 ❑ 18731 11/01/2018 1024 Royal Oaks LP dba Whispering Fountains ® 13655.00 ❑ 18732 11/01/2018 Aaron Abdus Shakoor ® 785.00 0 18733 11/01/2018 Alan Wu ® 836.00 ❑ 18734 11/01/2018 Alejandra Gutierrez ® 932.00 ❑ 18735 11/01/2018 Alfonso Contreras ® 209.00 ❑ 18736 11/01/2018 Allan M. & Virginia J Chipp and Ralph Seline ® 3139.00 ❑ 18737 11/01/2018 Alta Vista Villas, LP ® 588.00 ❑ 18738 11/01/2018 Amparo M Limon ® 606.00 ❑ 18739 11/01/2018 Amy Si On ® 778.00 ❑ 18740 11/01/2018 Ana Thai ® 956.00 ❑ 18741 11/01/2018 Andrew & Eva Fogg ® 979.00 ❑ 18742 11/01/2018 Anna & Simon Choi ® 920.00 ❑ 18743 11/01/2018 Annette C Scott ® 1519.00 ❑ 18744 11/01/2018 Antonio & Aida Rinos ® 1068.00 ❑ 18745 11/01/2018 ASCENSION HOLDINGS LLC ® 932.00 ❑ 18746 11/01/2018 Badillo Street Senior Apartments, LLC ® 11798.00 ❑ 18747 11/01/2018 Bandur K. Mamdani ® 1227.00 ❑ 18748 11/01/2018 Baldwin Park Family Housing Limited ® 12486.00 ❑ 18749 11/01/2018 Beatrice Pyatt ® 889.00 ❑ 18750 11/01/2018 Becky Binh Nguyet Luu ® 1747.00 ❑ 18751 11/01/2018 Billy Theodorakopoulos ® 869.00 ❑ 18752 11/01/2018 Blessed Rock of EI Monte ® 3908.00 ❑ 18753 11/01/2018 Bobby Roach ® 1287.00 ❑ 18754 11/01/2018 Brookhollow Apartments ® 2425.00 0 HAPPY software Page 1 11/05/2018 8:51:25 AM 0 HAPPY Software Page 2 11/05/2018 8:51:25 AM ❑ 18755 11/01/2018 Burnel & Mae Smith ® 1645.00 ❑ 18756 11/01/2018 Central Apartments #2 ® 1661.00 ❑ 18757 11/01/2018 Chen Jackson ® 293.00 ❑ 18758 11/01/2018 Cienega Garden Apartments ® 3944.00 ❑ 18759 11/01/2018 Cipriano Salazar Jr. ® 885.00 ❑ 18760 11/01/2018 Clinett Glazis ® 592.00 ❑ 18761 11/01/2018 Covina 023 Woods 206 LP - Pama Management 206 ® 688.00 ❑ 18762 11/01/2018 Cynthia Pham ® 716.00 ❑ 18763 11/01/2018 Dajojo, LLC ® 467.00 ❑ 18764 11/01/2018 Denise Van Pham ® 1632.00 ❑ 18765 11/01/2018 Derek Sim ® 748.00 ❑ 18766 11/01/2018 Dieu Van Huynh ® 875.00 ❑ 18767 11/01/2018 Dieu-Thuy Nu Ton ® 1378.00 ❑ 18768 11/01/2018 Dimitris Papadopoulous ® 1055.00 ❑ 18769 11/01/2018 Dinghwa Eddy Liu ® 1527.00 ❑ 18770 11/01/2018 Doan & Lily Thi ® 1565.00 ❑ 18771 11/01/2018 Don Norwood ® 1231.00 ❑ 18772 11/01/2018 Donna J Falls ® 765.00 ❑ 18773 11/01/2018 Doreen Han ® 620.00 ❑ 18774 11/01/2018 Dung Tran ® 896.00 ❑ 18775 11/01/2018 Dung Trung Pham and Tammy Tram Dang ® 196.00 ❑ 18776 11/01/2018 EI Monte Housing Partners LP ® 2731.00 ❑ 18777 11/01/2018 Emilio De Jesus Cruz ® 787.00 ❑ 18778 11/01/2018 Eric C. Otte ® 1059.00 ❑ 18779 11/01/2018 Estate of Rosetta Mix ® 843.00 ❑ 18780 11/01/2018 Eunice Property, LLC ® 885.00 ❑ 18781 11/01/2018 EZ APT LLC ® 1287.00 ❑ 18782 11/01/2018 Fanny Chan ® 634.00 ❑ 18783 11/01/2018 Fat Law ® 891.00 ❑ 18784 11/01/2018 Francisco J. Sanchez and Gloria Emma Sanchez ® 1431.00 ❑ 18785 11/01/2018 Fred Lau ® 564.00 ❑ 18786 11/01/2018 Garvey Senior Affordable Partners, LP ® 391.00 ❑ 18787 11/01/2018 Gilbert Dominguez ® 933.00 ❑ 18788 11/01/2018 Grace Chiou ® 1352.00 ❑ 18789 11/01/2018 Greater San Gabriel Valley Property Management, Inc. ® 1283.00 ❑ 18790 11/01/2018 Group IX BP Properties, LP ® 350.00 ❑ 18791 11/01/2018 Guillermo Vasquez ® 1170.00 ❑ 18792 11/01/2018 Ha X Van ® 1745.00 ❑ 18793 11/01/2018 Henry Ho ® 746.00 ❑ 18794 11/01/2018 Henry Wong ® 1644.00 ❑ 18795 11/01/2018 Heritage Park Villas LP ® 12464.00 ❑ 18796 11/01/2018 Hilbert Properties II ® 759.00 ❑ 18797 11/01/2018 Hui Chuan Wang ® 3069.00 ❑ 18798 11/01/2018 Isabel R Sanchez ® 1034.00 ❑ 18799 11/01/2018 Jaime Barcena ® 805.00 ❑ 18800 11/01/2018 James or Barbara Fox ® 742.00 0 HAPPY Software Page 2 11/05/2018 8:51:25 AM r - ❑ 18801 11/01/2018 JBMW Investment, LLC ® 764.00 ❑ 18802 11/01/2018 Jeff Ma ® 677.00 ❑ 18803 11/01/2018 Jesse S. Gonzalez ® 822.00 ❑ 18804 11/01/2018 Jianhong Zhen ® 546.00 ❑ 18805 11/01/2018 Jim & Nancy Bailey ® 596.00 ❑ 18806 11/01/2018 Jocelyn Jae Jhong ® 2057.00 ❑ 18807 11/01/2018 Joe Clark ® 2303.00 ❑ 18808 11/01/2018 John Nguyen ® 533.00 ❑ 18809 11/01/2018 John W. Ruwitch and Anh Lam Truong ® 876.00 ❑ 18810 11/01/2018 John Young ® 520.00 ❑ 18811 11/01/2018 Jose Baudelio Delgado ® 791.00 ❑ 18812 11/01/2018 Joseph H. Garcia ® 2922,00 ❑ 18813 11/01/2018 Joseph M. Kwok ® 1836.00 ❑ 18814 11/01/2018 Joseph Pham ® 814.00 ❑ 18815 11/01/2018 Joseph T. Tung ® 684.00 ❑ 18816 11/01/2018 Juan Alvarado ® 431.00 ❑ 18817 11/01/2018 Kan Investments LTD, LLC ® 554.00 ❑ 18818 11/01/2018 Karen Lin ® 129.00 ❑ 18819 11/01/2018 Karen M Hollinhurst ® 885.00 ❑ 18820 11/01/2018 Kim Chau ® 753.00 ❑ 18821 11/01/2018 Kimberly Nguyen ® 686.00 ❑ 18822 11/01/2018 Kimberly U Dao ® 368.00 ❑ 18823 11/01/2018 Kin Wai Wong ® 895.00 ❑ 18824 11/01/2018 Kwan Chiang ® 959.00 0 18825 11/01/2018 Ky Tran ® 1189.00 ❑ 18826 11/01/2018 LAI MING LEUNG ® 549.00 ❑ 18827 11/01/2018 Lan Hua Mi Ku ® 813.00 ❑ 18828 11/01/2018 Lark Ellen Village ® 6422.00 ❑ 18829 11/01/2018 Larry Chow ® 3301.00 ❑ 18830 11/01/2018 Larry Mimms ® 1067.00 ❑ 18831 11/01/2018 Larry Pratt or Doreen E. Ewing ® 1563.00 ❑ 18832 11/01/2018 LAT Investments, LLC ® 2182.00 ❑ 18833 11/01/2018 Lawrence and/or Lorraine Scimeca ® 1408.00 ❑ 18834 11/01/2018 LEFA Trust ® 766.00 ❑ 18835 11/01/2018 Leslie K Ng ® 851.00 ❑ 18836 11/01/2018 Lien Diep ® 1087.00 ❑ 18837 11/01/2018 Linda Man ® 785.00 ❑ 18838 11/01/2018 Lois J Gaston ® 1357.00 ❑ 18839 11/01/2018 Louis Tong ® 1087.00 ❑ 18840 11/01/2018 Lourdes Vela ® 2794.00 ❑ 18841 11/01/2018 Luan Trong Hoang ® 744.00 ❑ 18842 11/01/2018 Lucena A Ewing ® 2508.00 ❑ 18843 11/01/2018 Lucille Fulmer ® 955.00 ❑ 18844 11/01/2018 Mack E Titus ® 532.00 ❑ 18845 11/01/2018 Malcolm Oso ® 543.00 ❑ 18846 11/01/2018 Mallorca Apartments, LTD ® 881.00 0 HAPPY software Page 3 11/05/2018 8:51:25 AM ❑ 18847 11/01/2018 Man Sze Ma ® 1034.00 ❑ 18848 11/01/2018 Maria Luisa Fernandez ® 74.00 ❑ 18849 11/01/2018 Maria Luz Rodriguez ® 1239.00 ❑ 18850 11/01/2018 Marina Alvarez ® 606.00 ❑ 18851 11/01/2018 Mark T. Fernandez ® 581.00 ❑ 18852 11/01/2018 Mary L Haynes ® 996.00 ❑ 18853 11/01/2018 Mayra Ortega ® 995.00 ❑ 18854 11/01/2018 Melody (Muoi) Dao ® 1230.00 ❑ 18855 11/01/2018 Michael Alfred Alarcon ® 1380.00 ❑ 18856 11/01/2018 Michael H Phuong ® 1604.00 ❑ 18857 11/01/2018 Michael 1. or Ling Brooks ® 1113.00 ❑ 18858 11/01/2018 Michelle Toliao Fernandez ® 753.00 ❑ 18859 11/01/2018 Minh A Nguyen ® 634.00 ❑ 18860 11/01/2018 Mohamad Tavakkoli ® 2848.00 ❑ 18861 11/01/2018 Moller Property Management ® 848.00 ❑ 18862 11/01/2018 Monica Alber ® 919.00 ❑ 18863 11/01/2018 Monrovia 612, LP ® 8944.00 ❑ 18864 11/01/2018 Monrovia Heritage Park LP ® 16201.00 ❑ 18865 11/01/2018 Monrovia Heritage Park LP ® 4557.00 ❑ 18866 11/01/2018 Mousa Boushaaya ® 885.00 ❑ 18867 11/01/2018 Nancy H Shen ® 781.00 ❑ 18868 11/01/2018 Ngoc T. Lieu ® 1772.00 ❑ 18869 11/01/2018 Nomer Lacson ® 971.00 ❑ 18870 11/01/2018 Olie S Johnson ® 881.00 ❑ 18871 11/01/2018 Olive RE Holdings, LLC ® 3497.00 ❑ 18872 11/01/2018 Orange County Housing Authority ® 1995.70 ❑ 18873 11/01/2018 Pacific Towers Senior Apartments - TDF LP ® 3793.00 ❑ 18874 11/01/2018 PAMA IV Properties, LP ® 1782.00 ❑ 18875 11/01/2018 Paramjit S Nijjar ® 2192.00 ❑ 18876 11/01/2018 Paul & Annie W Chau ® 966.00 ❑ 18877 11/01/2018 Paul P Simon ® 987.00 ❑ 18878 11/01/2018 Paul Yan ® 676.00 ❑ 18879 11/01/2018 Paul Yen ® 594.00 ❑ 18880 11/01/2018 Peter R Nasmyth ® 680.00 ❑ 18881 11/01/2018 Philip Tsui ® 633.00 ❑ 18882 11/01/2018 Primrose Villa ® 4435.00 ❑ 18883 11/01/2018 Quoc T. Vo ® 1188.00 ❑ 18884 11/01/2018 Quy Duc Tran ® 950.00 ❑ 18885 11/01/2018 Ralph V. Parra ® 1090.00 ❑ 18886 11/01/2018 Ramiro S. Viramontes Separate Property Trust dated ® 329.00 ❑ 18887 11/01/2018 RAMONA BLVD FAMILY APARTMENTS, L.P. ® 3687.00 ❑ 18888 11/01/2018 Raul Varela Ayala ® 630.00 ❑ 18889 11/01/2018 Richard A DaSylveira ® 1259.00 ❑ 18890 11/01/2018 Robert Lawe ® 871.00 ❑ 18891 11/01/2018 Roger Hin Nam Mak ® 8711.00 ❑ 18892 11/01/2018 Roland Wiekamp ® 1269.00 0 HAPPY Software Page 4 11/05/2018 8:51:25 AM 0 HAPPY Software Page 5 11/05/2018 8:51:25 AM ❑ 18893 11/01/2018 Roman Basin ® 376.00 ❑ 18894 11/01/2018 Ronald & Pamela Layne ® 526.00 ❑ 18895 11/01/2018 Rosa Beltran ® 1323.00 ❑ 18896 11/01/2018 Rosa Lamas-Serratos ® 1704.00 ❑ 18897 11/01/2018 Rosie Leon ® 774.00 ❑ 18898 11/01/2018 Roy Lam ® 849.00 ❑ 18899 11/01/2018 Ruel Torres ® 276.00 ❑ 18900 11/01/2018 SAE GROUP, LLC ® 1312.00 ❑ 18901 11/01/2018 Sara Romo ® 954.00 ❑ 18902 11/01/2018 Sal Homes LLC ® 6531.00 ❑ 18903 11/01/2018 Sergio Molina ® 921.00 ❑ 18904 11/01/2018 Shiu-Ein Huang ® 435.00 ❑ 18905 11/01/2018 Singing Wood Senior Housing LP ® 1140.00 ❑ 18906 11/01/2018 Siu Fung Mak ® 919.00 ❑ 18907 11/01/2018 Sophia Wong ® 1686.00 ❑ 18908 11/01/2018 Steadfast Cameron Park LP ® 810.00 ❑ 18909 11/01/2018 Sui Man Mak ® 734.00 ❑ 18910 11/01/2018 T & P Property LLC ® 795.00 ❑ 18911 11/01/2018 T & T Asset Holding, LLC ® 2561.00 ❑ 18912 11/01/2018 Takis Bogris ® 617.00 ❑ 18913 11/01/2018 Tanya H Chen ® 798.00 ❑ 18914 11/01/2018 Thanh M Tang ® 730.00 ❑ 18915 11/01/2018 The Piedrahita Trust "B" ® 1763.00 ❑ 18916 11/01/2018 The Promenade Housing Partners, LP ® 2998.00 ❑ 18917 11/01/2018 Therisa L Tyck ® 891.00 ❑ 18918 11/01/2018 Thomas Pang ® 1162.00' ❑ 18919 11/01/2018 Tinh Van Le ® 440.00 ❑ 18920 11/01/2018 Tom Cinquegrani ® 1092.00 ❑ 18921 11/01/2018 Tom Lee ® 372.00 ❑ 18922 11/01/2018 Tuan Viet Ho ® 1681.00 ❑ 18923 11/01/2018 Up Hill Investment Inc. ® 1347.00 ❑ 18924 11/01/2018 Van T Tran ® 993.00 ❑ 18925 11/01/2018 Velma Alarcon Gandara ® 1262.00 ❑ 18926 11/01/2018 Vijay Gulati ® 2448.00 ❑ 18927 11/01/2018 Vinh H. Lai ® 885.00 ❑ 18928 11/01/2018 Vintage West Covina ® 10844.00 ❑ 18929 11/01/2018 Virginia Carlson ® 898.00 ❑ 18930 11/01/2018 Wai Keng Tam ® 965.00 ❑ 18931 11/01/2018 West Covina Senior Villas ll, LP ® 584.00 ❑ 18932 11/01/2018 West Covina Seniors Villas 1 ® 721.00 ❑ 18933 11/01/2018 William J Rogers ® 801.00 ❑ 18934 11/01/2018 Wilson Apartment Associates L.P. ® 4826.00 ❑ 18935 11/01/2018 Woodside Village Apartments LP ® 6759.00 ❑ 18936 11/01/2018 Xitlalai Sanchez ® 921.00 ❑ 18937 11/01/2018 Xuan Wang ® 1276.00 ❑ 18938 11/01/2018 Xue Fen Xu ® 1210.00 0 HAPPY Software Page 5 11/05/2018 8:51:25 AM ❑ 18939 ❑ 18940 ❑ 18941 ❑ 18942 11/01/2018 Xuyen Thach Han ® 1926.00 11/01/2018 Y & H Investment, Inc. ® 1451.00 11/01/2018 Zelmira Medina ® 1537.00 11/01/2018 Zi Jian Li ® 1599.00 Total $362,701.70 Average $806.00 Unit Count 434 Average Weighted by Unit Count $831.30 Hard to House Count 3 0 HAPPY Software Page 6 11/05/2018 8:51:25 AM ITEM NO. TO: Honorable Chair and Board Members of the Housing Authority FROM: Rose Tam, Director of Finance �(,1 DATE: November 14, 2018 SUBJECT: Treasurer's Report — September 2018 SUMMARY Attached is the Treasurer's Report for the month of September 2018. The Treasurer's Report lists all cash for the City which includes the Baldwin Park Financing Authority, the Housing Authority, and the Successor Agency to the Community Development Commission (CDC). All investments are in compliance with the City's Investment Policy and the California Government Code. RECOMMENDATION Staff recommends that Council receive and file the Treasurer's Report for September 2018. FISCAL IMPACT None BACKGROUND City of Baldwin Park Investment Policy requires the Treasurer's Report be submitted to the Mayor and City Council on a monthly basis. LEGAL REVIEW Not Applicable ATTACHMENT 1. Exhibit "A", Treasurer's Report Exhibit "A" Treasurers Report CITY OF BALDWIN PARK TREASURER'S REPORT 9/30/2018 INVESTMENT INTEREST PURCHASE MATURITY PAR CURRENT BOOK MARKET DESCRIPTION RATE DATE DATE VALUE PRINCIPAL VALUE VALUE State of California Local Agency Investment Fund (LAIF) City -Including General Fund 3 all other Special Revenue Funds 2.06% Varies Varies $ 24,919,830.46 $ 24,919,830.46 $ 24,919,836.46 S 24,919,830.46 Housing Authority 2.06% Varies Varies 13,416.82 13,415.82 13,415.82 13,416.82 24,933,246.28 24,933,246.28 24,933,246.28 24,933,246.28 CoMiateof Dmosit 1.80% 1/25/2018 1/25/2019 260,000.00 250,000.00 250,000.00 249,710.00 Citibank National Association (Mutual Securities) American Express Centurion (Mutual Securities) 1.60% 4/12/2017 4/12!2019 260,000.00 250,000.00 260,000.00 249,180.00 EverbaMcJacksomille (Mutual Securities) 1.55% 4116/2017 4/16/2019 250,000.00 260,000.00 250,000.00 249,077.60 Goldman Sachs Bk USA NY (Mutual Securities) 2.25% 1/24/2018 1/24/2020 250,000.00 250,000.00 250,000.00 248,722.50 Sallie Mae Bk SLT Lake City UT (Mutual Securities) 2.25% 1/24/2018 1/24/2020 260,000.00 250,000.00 260,000.00 248,722.50 Satre National Bank New York (Cardella) 2.00% 4/16/2018 4115/2019 250,000.00 250,000.00 260,000.00 249,672.50 Morgan Stanley Bank N A Utah (Cantella) 2.64% 4/19/2018 4120/2020 250,000.00 250,000.00 250,000.00 249,675.00 1,760,000.00 1,750,000.00 1,760,000.00 1,744,760.00 US Treasury Big (UBS) 2.07% 3/29/2018 3/28/2019 1,000,000.00 1,000,000.00 1,000,000.00 988,600.00 Fiscal Agent Funds (TmsUDebt Service Fund) Varies Varies Varies 0.00 0.00 0.00 0.00 Fiscal Agent Funds - Successor Agency (Trust/Debt Service Fur W; Varies Varies Varies 9,967.45 9,967.46 9,967.45 9,967.46 9,967.45 9,967.46 8,997.45 9,967.46 $ 271693 213 73 S 27 $76,573.73 27.693,213.73 f 27.893.213.73 S Total Investments $ 27,693,215.73 Cash with Bards of the West City Checking 1,810,204.08 Money Market Plus 1320482.73 City Miscellaneous Cash 53,758.88 Successor Agency 502,491.87 Housing Autlwrity 270,576.48 Financing Authority 1,719.06 Investment Brokerage 59.44 Total Cash with Bank of the Nkat 2,771,292.68 Total Cash and Investments $ 30.®4.129 Schedule of Cash and investments includes city-wide assets as included in the Comprehensive Annual Financial Report • There was 4 Investments that matured In September 2018. No purchase transactions were made for the month of September 2018 and several deposltshvkhdrawals were made through the Local Agency investment Fund. In compliance with the California Government Code Section 53646 et seq., I hereby certify that sufficient Investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy. Approved by: Rose Tam \ Director of Finance