HomeMy WebLinkAbout2020-11-02 City Council Agenda Packet
City Council
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Monday, November 2, 2020
Regular Meeting
6:00 PM
Agenda posted according to PAMC Section 2.04.070. Supporting materials are available in
the Council Chambers on the Thursday 11 days preceding the meeting.
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Pursuant to the provisions of California Governor’s Executive Order N-29-20,
issued on March 17, 2020, to prevent the spread of Covid-19, this meeting
will be held by virtual teleconference only, with no physical location. The
meeting will be broadcast on Cable TV Channel 26, live on YouTube at
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ensure participation in a particular item, we suggest calling in or connecting
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TIME ESTIMATES
Time estimates are provided as part of the Council's effort to manage its time at Council meetings. Listed times are estimates only and are subject to change at any time, including while the meeting is in progress.
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continue items to another meeting. Particular items may be heard before or after the time estimated on the agenda. This may occur in order to best manage the time at a meeting or to adapt to the participation of the
public.
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Call to Order
Agenda Changes, Additions and Deletions
Oral Communications 6:00-6:15 PM
Members of the public may speak to any item NOT on the agenda. Council reserves the right to limit the duration of
Oral Communications period to 30 minutes.
Minutes Approval 6:15-6:20 PM
1. Approval of Action Minutes for the October 19, 2020 City Council
Meeting
2 November 2, 2020
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Consent Calendar 6:20-6:25 PM
Items will be voted on in one motion unless removed from the calendar by three Council Members.
2.Approval of a Blanket Purchase Order With Graniterock in the Amount
of $400,000 Annually for a Three-year Term for a Total Not-to-Exceed
Amount of $1,200,000 for Asphalt Concrete Materials for Public Works
and Utilities Departments
3.Accept the Staff Report on the Palo Alto Police Department (PAPD)
Revised Policy 300 on Use of Force
4.Refer the Development of Permanent Public Art on King Plaza at City
Hall to the Public Art Commission
5.Approve and Authorize the Extension of the Fall 2020 Board and
Commission Recruitment for Positions on the Architectural Review
Board, Planning Transportation Commission, Historic Resources Board,
and Parks and Recreation Commission for an Additional six Weeks,
With an Application Deadline of December 16, 2020
City Manager Comments 6:25-6:35 PM
Action Items
Include: Reports of Committees/Commissions, Ordinances and Resolutions, Public Hearings, Reports of Officials,
Unfinished Business and Council Matters.
6:35-8:30 PM
6.Adoption of an Ordinance Amending the Municipal Code to Rename
Foothills Park to Foothills Nature Preserve and Open it to the General
Public by Removing Limits on Non-residents, While Maintaining the
Maximum Capacity of 1,000 Persons and Providing Residents First
Access to Reservations for Towle Campground and Oak Grove Group
Picnic Area
8:30-10:00 PM
7.Approval of a Surveillance Policy for the use of Construction Cameras
at the California Avenue Parking Garage and Highway 101
Pedestrian/Bicycle Overpass Construction Projects, and of a
Surveillance Policy for the use of a Parking Guidance System, in
Accordance With the Surveillance and Privacy Protection Ordinance
(Continued From September 21, 2020)
Council Member Questions, Comments and Announcements
Members of the public may not speak to the item(s)
Adjournment
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Q&A
MEMO
Presentation
Presentation
Public
Comment
Public
Comment
Public
Comment
3 November 2, 2020
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Additional Information
Informational Report
City of Palo Alto Investment Activity Report for the First Quarter, Fiscal Year
2021
Schedule of Meetings
Schedule of Meetings
Tentative Agenda
Tentative Agenda
Public Letters to Council
Set 1
4 November 2, 2020
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CITY OF PALO ALTO OFFICE OF THE CITY CLERK
November 2, 2020
The Honorable City Council
Attention: Finance Committee
Palo Alto, California
Approval of Action Minutes for the October 19, 2020 City Council
Meeting
Staff is requesting Council review and approve the attached Action Minutes.
ATTACHMENTS:
• Attachment A: 10-19-20 DRAFT Action Minutes (DOCX)
Department Head: Beth Minor, City Clerk
Page 2
CITY OF PALO ALTO CITY COUNCIL
DRAFT ACTION MINUTES
Page 1 of 3
Special Meeting
October 19, 2020
The City Council of the City of Palo Alto met on this date in Virtual
Teleconference at 5:04 P.M.
Participating Remotely: Cormack, DuBois, Filseth; Fine arrived at 5:22 P.M.,
Kniss, Kou, Tanaka
Absent:
Closed Session
1. CONFERENCE WITH CITY ATTORNEY- EXISTING LITIGATION
Subject: Julio Arevalo v. City of Palo Alto, et al.
United States District Court, Northern District of California,
Case No. 5:20-cv-04157-CRB
Authority: Government Code Section 54956.9(d)(1).
1A. CONFERENCE WITH CITY ATTORNEY-EXISTING LITIGATION
Subject: Gasque v. City of Palo Alto,
Santa Clara County Superior Court, Case No. 20CV370681.
MOTION: Council Member Kniss moved, seconded by Council Member
Cormack to go into Closed Session for Agenda Item Number 1.
MOTION PASSED: 6-0 Fine absent
MOTION: Council Member Kniss moved, seconded by Council Member
Cormack to go into Closed Session for Agenda Item Number 1A.
MOTION PASSED: 6-0 Fine absent
Council went into Closed Session at 5:12 P.M.
Mayor Fine left the meeting at 7:45 P.M.
Council returned from Closed Session at 7:49 P.M.
Agenda Changes, Additions and Deletions
None.
DRAFT ACTION MINUTES
Page 2 of 3
City Council Meeting
Draft Action Minutes: 10/19/2020
Minutes Approval
2. Approval of Action Minutes for the September 28 and October 5, 2020
City Council Meetings.
MOTION: Council Member Cormack moved, seconded by Vice Mayor DuBois
to approve the Action Minutes for the September 28 and October 5, 2020 City
Council Meetings.
MOTION PASSED: 6-0 Fine absent
Consent Calendar
Council Member Tanaka registered a no vote on Agenda Item Number 4.
MOTION: Council Member Cormack moved, seconded by Council Member
Kniss to approve Agenda Item Numbers 3-7.
3. Approve and Authorize the City Manager or Designee to Execute
Professional Services Agreement, Contract Number C21179544, With
Kinectrics AES, Inc. in an Amount Not-to-Exceed $310,000 for the
Electric Substation Grounding Design Capital Improvement Project EL-
89044; and Authorization to Negotiate and Execute Related Change
Orders in the Amount of $31,000 for a Total Not-to-Exceed Amount of
$341,000.
4. Approval of Professional Services Contract Number C21179272 With
BKF Engineers in the Amount of $289,786 for Land Surveying Services
Including $14,750 for Additional Services, for a Total Not-to-Exceed
Amount of $304,536.
5. Approval of two Recommended Modifications to the Small Business
Grant Program: 1) New Grant Amounts of $5,000, and 2) Limiting
Eligibility to Currently Operating Businesses; and a Budget Amendment
in the General Fund.
6. Approval and Authorization for the City Manager to Execute Amendment
Number 1 to the Electric Enterprise Fund Contract Number C20177717
With Wire Wrangler, LLC, dba TW Power Line Construction, for the
Caltrain Facility Relocation Project (EL-17007) and Wood Pole
Replacement Project (EL-19004), to Increase the Authorization to
Negotiate and Execute Related Change Orders by $110,000 to Cover
COVID-19 Expenditures, for a Total Not-to-Exceed Amount of
$2,207,049.
DRAFT ACTION MINUTES
Page 3 of 3
City Council Meeting
Draft Action Minutes: 10/19/2020
7. Approval of the Acceptance and Appropriation of the Institute of Museum
and Library Services (IMLS) CARES Act Grant and Approval of a Budget
Amendment (Requires 2/3 Approval) for General Fund Operating Budget
in the Community Services Department and the Library Services
Department.
MOTION PASSED AGENDA ITEM NUMBERS 3, 5-7: 6-0 Fine absent
MOTION PASSED FOR AGENDA ITEM NUMBER 4: 5-1 Tanaka no, Fine
absent
Action Items
8. Preliminary Q1 FY 2021 Financial Status Discussion and Potential
Direction to Staff on Budget Revisions, Staffing Revisions, and Next
Steps in Monitoring, Modeling, and Addressing Recovery Planning.
MOTION: Council Member Kniss moved, seconded by Council Member
Cormack to authorize the extension of the attrition ramp for firefighter
positions through the end of March 2021; and direct Staff to identify cost
neutral options.
INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE
MAKER AND SECONDER to amend the Motion to state “…and direct Staff to
start by identifying cost neutral options and, in the event that is not sufficient,
direct Staff to return to Council with a budget amendment to allocate the
COVID-19 Council Reserve.”
MOTION AS AMENDED: Council Member Kniss moved, seconded by Council
Member Cormack to authorize the extension of the attrition ramp for
firefighter positions through the end of March 2021; and direct Staff to start
by identifying cost neutral options and, in the event that is not sufficient, direct
Staff to return to Council with a budget amendment to allocate the COVID-19
Council Reserve.
MOTION PASSED: 6-0 Fine absent
Council took a break at 10:36 P.M. and returned at 10:41 P.M.
9. Consideration of Recommendations by the City Council Ad Hoc on
Boards, Commissions and Committees (BCCs), Including Adopting a
Handbook, Establishing Training, and Direction on Further Changes
Including Term Limits and Reducing the Parks and Recreation
Commission to Five Members. CONTINUED TO OCTOBER 26, 2020.
Adjournment: The meeting was adjourned at 11:17 P.M.
City of Palo Alto (ID # 11578)
City Council Staff Report
Report Type: Consent Calendar Meeting Date: 11/2/2020
City of Palo Alto Page 1
Summary Title: Approval of Blanket PO for Asphalt Concrete Materials
Title: Approval of a Blanket Purchase Order With Graniterock in the Amount
of $400,000 Annually for a Three-Year Term for a Total Not-to-Exceed Amount
of $1,200,000 for Asphalt Concrete Materials for Public Works and Utilities
Departments
From: City Manager
Lead Department: Utilities
Recommendation
Staff recommends that Council approve and authorize the City Manager or designee to
execute a blanket purchase order with Graniterock for asphalt concrete materials in the not-to-
exceed amount of $400,000 annually, for a total not-to-exceed amount of $1,200,000 over a
three-year term from December 30, 2020 to December 29, 2023.
Background
The City has three different work groups using asphalt concrete in the Public Works and Utilities
departments. Public Works uses asphalt concrete for performing repairs on damaged sections
of roadway, sidewalk, and bicycle paths, and for projects designed to ensure safety and
durability of streets as measured by the pavement condition index (PCI) throughout the City.
Utilities uses asphalt concrete to repair the streets after work has been completed on
underground services throughout the City.
Discussion
There are two primary methods of manufacturing asphalt concrete, either using a batch plant
or a drum plant. A batch plant allows City crews to specify what mix they need for each unique
job. A drum plant does not have the ability to mix asphalt to order, and City crews are forced to
use whatever mix is being produced at the drum plant on any given day. The City requires that
the primary supplier of asphalt concrete produce their product in a batch plant, as this affords
the various crews the most flexibility when it comes to scheduling and completing jobs
throughout the City.
Staff also requires that the plant be located within 10 miles of the Palo Alto Municipal Services
Center (MSC). The proximity of the plant is important due to the limited shelf life of hot
Q
CITY OF
PALO
ALTO
City of Palo Alto Page 2
asphalt; transporting hot material over an extended distance will impact the quality of the
concrete as well as City repaving projects. With the increased importance of the City’s PCI
score, using the best materials for the job is imperative.
Bidding and Selection Process
A Request for Quotation (RFQ) for asphalt concrete and asphalt concrete products was sent
to three potential vendors and posted on Planet Bids. Graniterock was the only bidder.
Graniterock met all the specific criteria requirements, including having a plant located less than
10 miles away, in Redwood City. Graniterock has been the primary supplier of asphalt concrete
for the City for over 15 years. Compared to the current 2017 contract with Graniterock, prices
for the materials the City uses most often increased by approximately 5.5%, however the total
blanket purchase order will remain at a not-to-exceed amount of $400,000 (Staff Report
#8519). Over the past three years, the annual purchase of asphalt concrete materials has been
between $300,000 to $375,000, depending on the number of projects.
Since Graniterock was the only bidder and meets all the City’s production and proximity
requirements, staff recommends that Council approve and authorize the blanket purchase
order for asphalt concrete with Graniterock as the primary supplier. The City has previous
blanket purchase orders with Graniterock, and staff has consistently received product that met
both state and the City’s standards for consistent temperature and aggregate size. Staff has
been impressed with the quality of their asphalt concrete products. Because they are the batch
plant nearest to the City, this allows the different work groups to specify which particular
product they need on a particular day and have it delivered to the City in the timeliest manner.
Resource Impact
Funding for the purchase of material under this blanket order is available in the FY 2021 Public
Works and Utility department’ operating budgets. Staff is requesting that Council approve the
not-to-exceed amount of $400,000 per year; however, actual spending is dictated entirely by
need and will be controlled by each department. The bid table (Attachment A) that Graniterock
submitted represents a menu of available asphalt products with unit pricing that are required
to restore and repair City roads, sidewalks, and bicycle lanes. Utilities and Public Works
estimate an annual need of $135,000 and $265,000, respectively. Staffing levels and planned
work deferments may impact those estimates and will be considered before expending the
funds. Funding for contract years two and three are contingent upon Council approval of each
department’s budget for each subsequent year.
Policy Implications
Authorization of the blanket order does not represent any change to the existing policy.
Environmental Review
The blanket order being supplied is in conformance with all applicable emissions laws and
regulations. This purchase is exempt from the California Environmental Quality Act under the
CEQA guidelines (Sections 15061 and 15301(c)).
City of Palo Alto Page 3
Attachments:
• Attachment A: Graniterock Response - RFQ 178406
Attachment A
SCOPE OF WORK
As-Needed Material Purchase for Hot Mix Asphalt
(Up To 3-Year Contract)
The City uses different hot asphalt mix (HMA) aggregate gradations on its daily operations. The HMA
aggregate gradations are 3/4" medium, ½" fine, 3/8" fine, ¼" fine, and sheet asphalt. The City prefers its
asphalt products supplier to produce HMA in a batch plant over drum plant because a batch plant has the
ability to switch production of HMA of different gradations.
The City will purchase Hot Mix Asphalt in different aggregate gradations and different tonnage for each
purchase. Due to the limited shelf life of hot asphalt, transporting material over an extended distance will
impact the quality of the projects performed by the City crews. The City is requiring that the provider
produces HMA in a batch plant a10 ..i k,vate -. ,r r r 1,1e vJ) n1les ot thE.. F _al.a 81to Municipal Services
Center (MSC) w ich is located at 201 c Bayshore 0 oad .,"!lo Alto For the purpose of calculating
mileage, Google Maps will be the only authorized method for making these calculations. No other
calculation will be accepted.
Page 1 of 1
Bidder's Response and Acceptance
In response to this Request for Quotations (RFQ}, the undersigned, as Bidder, declares that the only persons
or parties interested in this Bid as principals are those named herein; that this Bid Is made without collusion
with any other person, firm or corporation; that the Bidder has carefully examined the specifications herein
referred to; and the Bidder proposes and agrees, if this Bid Is accepted, that the Bidder will contract with the
City of Palo Alto (City), to provide all necessary materials, and furnish the specified requirements in this RFQ,
in the manner herein prescribed and at the prices stated.
As-Needed Material Purchase for Hot Mix Asphalt
Request for Quotations (RFQ) 178406
Quotation Due Date: 3:00 P,M., WEDNESDAY, AUGUST 12, 2020
Bid Schedule A: -Year 1
BIO QTY. DESCRIPTION
ITEM UNIT
01 1,000 Asphalt Concrete, 3/4" medium:
Tons Ninely Eight dollars and Forty cents
Price per ton (in words)
-~-Asphalt Concrete, 1/2'' fine·
02 2,000 One Hundred one and Forty cents
Tons Price per ton (in words)
Asphalt Concrete, 3/8" fine.
03 100 One Hundred Elc\'en and Ninety cents Tons
Price per ton (in words)
--.•a-- -Asphalt Concrete, 1/4" fine:
04 300 One Hundred 1'wel\'e and Ninetr cents Tons Price per ton (in words)
Asphalt Concrete, Sheet Asphalt:
05 100 One Hundred Twenty-Four and Forty cents
Tons Price per ton (in words)
Tack Coat, SS-1H
06 1,000 Ten Dollars and Fortr-five cents Gallons Price per gallon (in words)
Bid Schedule A Total (items 1 through 6, with sales tax, permit fees, and
any MISC charges)
Three Hundred Sixty-Nine Thousand One Hundred Fity
Total Pr)<:;e (in words) ---
ITEM PRICE TOTAL PRICE
$ 98,40 $ 98,400.00
$ 101.40 $202,800.00
$ 111.90 $ 1 J,190,00
-
$ 112.90 s 33,870.00
$ 124.40 $ 12,440,00
$ I 0.45 $ 10,450.00
s 369,150.00
·-----~
Bid Schedule B -Year 2
BID QTY. DESCRIPTION ITEM PRICE TOTAL PRICE
ITEM UNIT
01 1,000
Asphalt Concrete, 3/4" medium:
S 98.40 $ 98,400.00
Tons Ninety Eight dollars and Forty cents
Price per ton (in words)
Asphalt Concrete, 1/2" fine:
02 2,000 One Hundred one and Forty cents $ 101.40 S 202,800.00 Tons Price per ton (in words)
Asphalt Concrete, 3/8" fine:
03 100
Tons One Hundred Eleven and ~inety cents $ l l l.90 S 11,190.00
Price per ton (in words)
----- ---------Asphalt Concrete, 1/4" fine:
04 300 One Hundred Twelve and Ninety cents $ 112.90 $33,870.00
Tons Price per ton (in words)
Asphalt Concrete, Sheet Asphalt:
05 100 One Hundred Twenty-Four and Forty cents $ 124.40 $ 12,440.00
Tons Price per ton (in words)
Tack Coat, SS-1H
06 1,000 Ten Dollars and Forty-five cents $ 10.45 s 10,450.00 Gallons Price per gallon (in words)
Bid Schedule B Total (items 1 through 6, with sales tax. permit fees, and
any MISC charges)
Three Hundred Sixty-Nine Thousand One Hundred Fil}' $ 369,150.00
Total Price (in words) -,---~--
Bid Schedule C: Year 3
BID QTY DESCRIPTION ITEM PRICE TOTAL PRICE
ITEM UNIT
1,000
Asphalt Concrete, 3/4'' medium:
01 $ 98.40 $ 98,400.00
Tons Ninety Eight dollars and Forty cents
Price per ton (in words)
Asphalt Concrete, 1/2" fine:
02 2,000 One llund1·ed one and forty cents $ 101.40 S 202,800.00 Tons Price per ton (in words)
Asphalt Concrete, 3/8" fine:
03 100
Tons One Hundred Eleven and Ninety cents 5 111.90 $ 11,190.00
Price per ton (in words)
Asphalt Concrete, 1/4" fine:
04 300 One Hundred Twelve and Ninety cents $ 112.90 $ 33,870.00
Tons Price per ton (in words)
·--· ~
Asphalt Concrete, Sheet Asphalt:
05 100 One Hundred Twenty-Four and Forty cents $ 124.40 S 12,440.00 Tons Price per ton {in words)
Tack Coat SS-1H
06 1,000 Ten Dollars and Farly-five cents $ 10.45 $ 10,450.00 Gallons Price per gallon (in words)
Bid Schedule C Tota! (items 1 through 6, with sales tax, permit fees, and
any MISC charges.)
Three Hundred Sixty-Nine Thousand One Hundred Fity s 369,150.00
Total Price (in words)
Bid Summary:
Schedule A: S 369,150.00
Schedule B: S 369,150.00
Schedule C: $ 369,150.00
Grand Total: [Schedule A+B+CJ =$ __ 1_,_10_7_.4_5_0_.o_o __ _
LOWEST RESPONSIBLE BIDDER
The lowest bid shall be the lowest total of the bid prices on the bid summary and the ability to meet
specification. These two items are being used for the purpose of determining the responsible bidder.
DISTANCE OF PLANT FROM City of Palo Alto MSC: __ 7_.6 _____ miles
QUANTITIES: Material quantities as specified are approximate and no guarantee is implied that the
exact amount will be purchased. Orders will be placed during the contract period on an as needed basis.
DELIVERY: Delivery terms shall be F.O.B. ORIGIN, in accordance with the attached terms and
conditions.
PAYMENTTERMS __ N_e_t_-_30 ______ _
Signature must be the same as signature(s) in Section I -Request for Quotation and Bidder
Required Information.
Signature must be the same signature as appears in Bidder Information of this RFQ:
Firm: Granite Rock Company
Signature: ~ _Jd/'u-'A1~
Name: Donita Granado
(Print or type name)
City of Palo Alto (ID # 11690)
City Council Staff Report
Report Type: Consent Calendar Meeting Date: 11/2/2020
City of Palo Alto Page 1
Summary Title: Accept the Staff Report on Palo Alto Police Department
Policy 300 – Use of Force
Title: Accept the Staff Report on the Palo Alto Police Department (PAPD)
Revised Policy 300 on Use of Force
From: City Manager
Lead Department: Police
Recommendation
Accept this staff report on the Palo Alto Police Department (PAPD’s) Policy 300 - Use of Force.
Background
In early June 2020, the City Council adopted a Resolution affirming that Black lives matter and
committed to address systemic racism and bias, and honored the lives of George Floyd,
Breonna Taylor, Ahmaud Arbery, and others. These events served as catalysts for leaders at
every level of government to see the need for action to confront systemic racism and bias. A
week later, the City Council approved their Race & Equity Framework and action plan. The City
Council also approved a series of actions including reviewing policing practices, making changes
to use-of-force policies to reduce the potential for violence, and engaging the community in
ongoing, thoughtful dialogue and leadership.
The City Council also directed the Human Relations Commission (HRC) and Council Members
Lydia Kou and Greg Tanaka to review and discuss police practices and how they compared to
the recommendations identified by the 8 Can’t Wait campaign on police reform. Mayor Fine
also announced four Council Ad Hoc committees to add Council leadership to specific focus
areas and help guide the policing, race and equity work underway.
Since that time, the City Council, several City boards, commissions and committees, and a cross
functional team of City staff leadership have met, discussed focus areas and priorities and the
City Council has discussed the Race and Equity Framework several times as regular City Council
meetings to engage together as colleagues and engage the community on race and equity
priorities: Transmittal #1, Transmittal #2, Transmittal #3, Ad Hoc Update to the full City Council,
August 24, 2020 - Staff Report and Presentation and Informational Report Regarding Race and
Equity Data Transmitted to the City Council Ad Hoc Committees.
City of Palo Alto Page 2
The HRC reviewed and discussed the referral from Council at two special and one regular
commission meeting on the following dates: June 30, July 9 and July 22, 2020 (Draft HRC
minutes from June 30, July 9, July 22). Their work included the following:
1) Review of the 8 Can’t Wait policies and comparison against current PAPD policy and
the policies of other police departments;
2) Public Forum on Police Reform – 8 Can’t Wait – with community input and expert
panel;
3) Presentation by Assistant Chief Andrew Binder of the Palo Alto Police Department on
PAPD review of 8 Can’t Wait; and,
4) HRC review and discussion of 8 Can’t Wait policies and formulation of
recommendations for Council. Councilmembers Lydia Kou and Greg Tanaka were present at all
three meetings and participated in the review and discussion.
At the Human Relations Commission (HRC) meeting on July 22, 2020, Assistant Chief Andrew
Binder reviewed and discussed PAPD’s policies and how they compared to the
recommendations identified by the 8 Can’t Wait campaign on police reform. Following this
discussion, the HRC presented a report to Council based on their review of the 8 Can’t Wait
policies with recommendations for revisions to PAPD’s use of force policy.
At the City Council meeting on August 24, 2020, the Council discussed PAPD’s use of force
policy and the HRC’s recommended revisions to it. City staff, including Chief Robert Jonsen and
Assistant Chief Binder, joined HRC Chair Kaloma Smith in the discussion. Based on this
discussion, Council provided the City Manager with direction to revise the use of force policy
consistent with certain ideas as detailed in their Motion as Amended, and to return with the
final revised policy (CMR #11516).
In the subsequent weeks, staff incorporated the substance of the HRC’s recommendations and
Council direction into a final revised policy. The final revised policy is attached to this staff
report as Attachment A.
Discussion
This staff report reflects Council direction over several months on policing review, and is
informed by the City’s race and equity community conversations. Staff recommends the City
Council accept this report which outlines revisions to the Palo Alto Police Department’s
(PAPD’s) Policy 300 - Use of Force.
The PAPD executive team, in conjunction with the leadership of the two employee associations
that represent PAPD peace officers (the Palo Alto Peace Officers’ Association and the Palo Alto
Police Managers’ Association), worked together to produce the final revised version of Policy
300 – Use of Force (Attachment A). This final revised policy addresses all of the Council’s
directives as detailed in their August 24, 2020 Council meeting motion, and also incorporates
the latest legal updates from Lexipol (the PAPD’s policy manual vendor). Below is a summary of
City of Palo Alto Page 3
the policy revisions .
i. Chokeholds, strangleholds, lateral vascular neck restraints, chest compressions, or any
other intentional tactics that restrict blood flow to head or neck be explicitedly prohibited;
Revised Policy: It is important to note that PAPD leadership had already proactively altered this
policy to prohibit the use of the carotid control hold on June 9, 2020. Following the City Council
meeting discussion on August 24, the PAPD has now added the expanded language sought by
Council and the HRC. The final revised policy Section 300.3.4 – Carotid Control Hold now
explicitly states that “the use of the carotid restraint, or any technique (e.g. “chokeholds,”
“strangleholds,” lateral vascular neck restraints, chest compressions, etc.) deliberately applied
for the purpose of restricting blood flow or air flow to the head or neck, is not authorized.” This
language is also consistent with that found in AB 1196, which was signed into law by Governor
Newsom on September 30 and has since been codified as Government Code § 7286.5; it
specifies that a law enforcement agency “shall not authorize” the use of a carotid restraint or
choke hold, as defined.
ii. Add more comprehensive use of force language with respect to de-escalation and to add
de-esclation tactics as listed;
Revised Policy: The final revised policy Section 300.3.5 – Alternative Tactics – De-Escalation
adds a significant amount of expanded language as sought by Council and the HRC. It requires
officers, when feasible, to utilize de-escalation techniques and crisis intervention techniques,
and to consider other alternatives to using force. The policy also now requires officers, when
feasible, to attempt to understand why a subject may be non-compliant, which may help to
resolve the situation without the need for any force. Also, as recommended by the HRC in their
report to Council on August 24, the final revised policy now includes in its entirety the detailed
de-escalation language used by the San Francisco Police Department’s (SFPD) General Order on
Use of Force; notably, PAPD executives and the leadership of the two employee associations
that represent PAPD peace officers chose to expand upon SFPD’s language. They added three
additional de-escalation alternatives to SFPD’s list to enumerate even more options for how
personnel could endeavor to resolve a situation as safely as possible and minimize or eliminate
the need for any force.
iii. Revise the deadly force application to require officers to evaluate each situation in
consideration of the circumstances in each case and to use other available resources and
techniques when reasonably safe and feasible to do so, including that an officer must
reasonably believe the use of deadly force is necessary to justify its use;
Revised Policy: The final revised policy Section 300.6 – Deadly Force Applications now includes
the language as sought by Council and the HRC. The section requires officers to evaluate the
totality of the circumstances and to use other reasonably available resources and techniques
when safe and feasible to do so. Additionally, the final revised policy states that deadly force is
only justified when the officer reasonably believes it is necessary in defense of human life.
iv. Include the concept of shooting as a last resort, consistent with the HRC and PAPD
City of Palo Alto Page 4
objectives;
Revised Policy: The final revised policy Section 300.6 – Deadly Force Applications incorporates
this concept as sought by Council and the HRC. The section requires officers to evaluate and
use other reasonably available resources and techniques when determining to use deadly force,
based on the totality of the circumstances. The final revised policy states that deadly force is
only justified when the officer reasonably believes it is necessary in defense of human life.
v. Include language on use of force options informed by SFPD General Order on Use of Force;
Revised Policy: The final revised policy Section 300.4 – Force Options adds a significant amount
of expanded language as desired by Council and the HRC. As recommended by the HRC in their
report to Council on August 24, the final revised policy now includes a new chart based on the
“force options” subsection of SFPD’s General Order on Use of Force. This chart delineates how
a subject’s actions and level of resistance can correlate to the type of force available to the
officer.
vi. Consider moving the pointing of a weapon or the discharge of a weapon to the use of force
section of the policy manual;
Revised Policy: While this language already existed in the Report Preparation section of the
PAPD Policy Manual, PAPD leadership agreed with the Council that it would be more
appropriately located within the use of force policy. As a result, the final revised policy Section
300.6.2 – Displaying of Firearms has been added to the use of force policy. It continues to
require an officer to document any time they point a firearm at a person, or discharge their
firearm, in an approved report.
vii. Return to Council with the final Police Department Policy, including all 8 Can’t Wait
policies and a summary of department feedback:
8 Can’t Wait Policy #1 – Ban Chokeholds and Strangleholds
Staff addresses this point in section (i) above.
8 Can’t Wait Policy #2 – Require De-escalation
Staff addresses this point in section (ii) above.
8 Can’t Wait Policy #3 – Require Warning Before Shooting
In their report to Council on August 24, the HRC found that the PAPD use of force
policy was already consistent with this component of 8 Can’t Wait, and did not
propose any changes. The final revised policy Section 300.6 – Deadly Force
Applications requires an officer, where feasible, to warn in advance that deadly force
may be used.
8 Can’t Wait Policy #4 – Requires Exhaust All Alternatives Before Shooting
Staff addresses this point in section (iii) above.
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8 Can’t Wait Policy #5 – Duty to Intervene
In their report to Council on August 24, the HRC found that the PAPD use of force
policy was already consistent with this component of 8 Can’t Wait, and did not
propose any changes. The final revised policy Section 300.2.1 – Duty to Intercede
requires an officer to intercede to prevent the use of unreasonable force by another
officer.
8 Can’t Wait Policy #6 – Ban Shooting at Moving Vehicles
In their report to Council on August 24, the HRC recommended that shooting at
moving vehicles only be allowed when the person poses a deadly threat. The final
revised policy Section 300.6.1 – Shooting At or From Moving Vehicles aligns with the
HRC’s recommendation, and only allows for an officer to discharge a firearm at a
moving vehicle in defense of the officer’s life or the life of another person, when
there are no other reasonable means to avert the imminent threat of the vehicle, or
if deadly force other than the vehicle is directed at the officers or others.
8 Can’t Wait Policy #7 – Require Use of Force Continuum
It is important to note that neither the Council nor the HRC recommended that the
PAPD adopt a force continuum model, acknowledging this was an outdated concept.
However, Council and the HRC did recommend that the PAPD explore optimizing its
use of force options.
Staff addresses this point in section (v) above.
8 Can’t Wait Policy #8 – Require Comprehensive Reporting
In their report to Council on August 24, the HRC found that the PAPD use of force
policy was already consistent with this component of 8 Can’t Wait, and did not
propose any changes. The final revised policy Section 300.5 – Reporting the Use of
Force requires any use of force to be documented promptly, completely, and
accurately in the appropriate report.
Timeline
The final revised version of Policy 300 – Use of Force will be implemented following the
acceptance of the staff report.
Resource Impact
No resource impacts are anticipated.
Policy Implications
This report is consistent with Council discussion and direction on race and equity, as discussed
throughout this report.
Stakeholder Engagement
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The HRC has discussed the 8 Can’t Wait policies at two special meetings (on June 30 and July 9,
2020) and one regular commission meeting (on July 22, 2020). Staff and commissioners
conducted broad outreach through personal contacts, e-mails, and social media to inform the
public of these meetings. Each of these meetings included an extended period for public
comment on the 8 Can’t Wait policies and police reform in general. This engagement is
recorded in the minutes, copies of all of which are available for review on the City website here.
Another opportunity for stakeholder engagement came at the City Council meeting on August
24, 2020, where Chiefs Jonsen and Binder, HRC Chair Smith, City staff, and Council discussed
the HRC’s report and recommendations for the 8 Can’t Wait campaign policies. The minutes for
this meeting, which include the public commentary, can be found on the City website here. At
this meeting, Council directed the City Manager to revise PAPD’s use of force policy.
In addition, as a way to engage and inform the community, the Palo Alto Police Department
released a series of community briefings focus on different aspects and elements of police
work. The community briefings can be found here:
• Overview
• Use of Force Police and Use of Force Investigations
• Laws of Arrest and Search and Seizure
• Accountability
To expand the City’s engagement efforts early on in the City’s race and equity conversations,
HRC Chair Kaloma Smith hosted a Question and Answer session with the City Manager and
Chief of Police Robert Jonsen in July. To view this informational session focused on policing, go
here.
Environmental Review
Revision of Police Department Policy 300 is not a project requiring environmental review
pursuant to the California Environmental Quality Act.
Attachments:
• Attachment A- Revised Policy 300 - Use of Force
Policy
300
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Use of Force
300.1 PURPOSE AND SCOPE
This policy provides guidelines on the reasonable use of force. While there is no way to specify
the exact amount or type of reasonable force to be applied in any situation, every member of
this department is expected to use these guidelines to make such decisions in a professional,
impartial, and reasonable manner (Government Code § 7286).
In addition to those methods, techniques, and tools set forth below, the guidelines for the
reasonable application of force contained in this policy shall apply to all policies addressing
the potential use of force, including but not limited to the Control Devices and Techniques and
Conducted Energy Weapon policies.
300.1.1 DEFINITIONS
Definitions related to this policy include:
Deadly force - Any use of force that creates a substantial risk of causing death or serious bodily
injury, including but not limited to the discharge of a firearm (Penal Code § 835a).
Feasible - Reasonably capable of being done or carried out under the circumstances to
successfully achieve the arrest or lawful objective without increasing risk to the officer or another
person (Government Code § 7286(a)).
Force - The application of physical techniques or tactics, chemical agents, or weapons to another
person. It is not a use of force when a person allows him/herself to be searched, escorted,
handcuffed, or restrained.
Serious bodily injury - A serious impairment of physical condition, including but not limited to
the following: loss of consciousness; concussion; bone fracture; protracted loss or impairment
of function of any bodily member or organ; a wound requiring extensive suturing; and serious
disfigurement (Penal Code § 243(f)(4)).
Totality of the circumstances - All facts known to the officer at the time, including the conduct
of the officer and the subject leading up to the use of force (Penal Code § 835a).
300.2 POLICY
The use of force by law enforcement personnel is a matter of critical concern, both to the public
and to the law enforcement community. Officers are involved on a daily basis in numerous and
varied interactions and, when warranted, may use reasonable force in carrying out their duties.
Officers must have an understanding of, and true appreciation for, their authority and limitations.
This is especially true with respect to overcoming resistance while engaged in the performance
of law enforcement duties.
The Department recognizes and respects the value of all human life and dignity without prejudice
to anyone. Vesting officers with the authority to use reasonable force and to protect the public
welfare requires monitoring, evaluation, training, and a careful balancing of all interests.
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300.2.1 DUTY TO INTERCEDE
Any officer present and observing another law enforcement officer or an employee using force
that is clearly beyond that which is necessary, as determined by an objectively reasonable officer
under the circumstances based upon the totality of information actually known to the officer, shall,
when in a position to do so, intercede to prevent the use of unreasonable force.
When observing force used by a law enforcement officer, each officer should take into account
the totality of the circumstances and the possibility that other law enforcement officers may have
additional information regarding the threat posed by the subject (Government Code § 7286(b)).
300.2.2 FAIR AND UNBIASED USE OF FORCE
Officers are expected to carry out their duties, including the use of force, in a manner that is fair
and unbiased (Government Code § 7286(b)). See Section 402, Racial or Bias-Based Profiling for
additional guidance.
300.2.3 DUTY TO REPORT EXCESSIVE FORCE
Any officer who observes a law enforcement officer or an employee use force that exceeds what
the officer reasonably believes to be necessary based upon the totality of information actually
known to the officer shall promptly report these observations to a supervisor as soon as feasible
(Government Code § 7286(b)).
300.3 USE OF FORCE
Officers shall use only that amount of force that reasonably appears necessary given the facts
and totality of the circumstances known to or perceived by the officer at the time of the event to
accomplish a legitimate law enforcement purpose (Penal Code § 835a).
The reasonableness of force will be judged from the perspective of a reasonable officer on the
scene at the time of the incident. Any evaluation of reasonableness must allow for the fact that
officers are often forced to make split-second decisions about the amount of force that reasonably
appears necessary in a particular situation, with limited information and in circumstances that are
tense, uncertain, and rapidly evolving.
Given that no policy can realistically predict every possible situation an officer might encounter,
officers are entrusted to use well-reasoned discretion in determining the appropriate use of force in
each incident. Officers may only use a level of force that they reasonably believe is proportional to
the seriousness of the suspected offense or the reasonably perceived level of actual or threatened
resistance (Government Code § 7286(b)).
Not withstanding any other section of this policy, it is also recognized that circumstances may arise
in which officers reasonably believe that it would be impractical or ineffective to use any of the tools,
weapons, techniques or methods provided or taught by the Department. Officers may find it more
effective or reasonable to improvise their response to rapidly unfolding conditions that they are
confronting. In such circumstances, the use of any improvised device, technique or method must
nonetheless be objectively reasonable and utilized only to the degree that reasonably appears
necessary to accomplish a legitimate law enforcement purpose.
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While the ultimate objective of every law enforcement encounter is to avoid or minimize injury,
nothing in this policy requires an officer to retreat or be exposed to possible physical injury before
applying reasonable force.
300.3.1 USE OF FORCE TO EFFECT AN ARREST
Any peace officer may use objectively reasonable force to effect an arrest, to prevent escape,
or to overcome resistance. A peace officer who makes or attempts to make an arrest need not
retreat or desist from his/her efforts by reason of resistance or threatened resistance on the part
of the person being arrested; nor shall an officer be deemed the aggressor or lose his/her right to
self-defense by the use of reasonable force to effect the arrest, prevent escape, or to overcome
resistance. Retreat does not mean tactical repositioning or other de-escalation techniques (Penal
Code § 835a).
300.3.2 FACTORS USED TO DETERMINE THE REASONABLENESS OF FORCE
When determining whether to apply force and evaluating whether an officer has used reasonable
force, a number of factors should be taken into consideration, as time and circumstances permit
(Government Code § 7286(b)). These factors include but are not limited to:
(a)The apparent immediacy and severity of the threat to officers or others (Penal Code
§ 835a).
(b)The conduct of the individual being confronted, as reasonably perceived by the officer
at the time (Penal Code § 835a).
(c)Officer/subject factors (age, size, relative strength, skill level, injuries sustained, level
of exhaustion or fatigue, the number of officers available vs. subjects).
(d)The conduct of the involved officer leading up to the use of force (Penal Code § 835a).
(e)The effects of suspected drugs or alcohol.
(f)The individual's apparent mental state or capacity (Penal Code § 835a).
(g)The individual’s apparent ability to understand and comply with officer commands
(Penal Code § 835a).
(h)Proximity of weapons or dangerous improvised devices.
(i)The degree to which the subject has been effectively restrained and his/her ability to
resist despite being restrained.
(j)The availability of other reasonable and feasible options and their possible
effectiveness (Penal Code § 835a).
(k)Seriousness of the suspected offense or reason for contact with the individual prior
to and at the time force is used.
(l)Training and experience of the officer.
(m)Potential for injury to officers, suspects, bystanders, and others.
(n)Whether the person appears to be resisting, attempting to evade arrest by flight, or
is attacking the officer.
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(o)The risk and reasonably foreseeable consequences of escape.
(p)The apparent need for immediate control of the subject or a prompt resolution of the
situation.
(q)Whether the conduct of the individual being confronted no longer reasonably appears
to pose an imminent threat to the officer or others.
(r)Prior contacts with the subject or awareness of any propensity for violence.
(s)Any other exigent circumstances.
300.3.3 PAIN COMPLIANCE TECHNIQUES
Pain compliance techniques may be effective in controlling a physically or actively resisting
individual. Officers may only apply those pain compliance techniques for which they have
successfully completed departnment-approved training. Officers utilizing any pain compliance
technique should consider:
(a)The degree to which the application of the technique may be controlled given the level
of resistance.
(b)Whether the person can comply with the direction or orders of the officer.
(c)Whether the person has been given sufficient opportunity to comply.
The application of any pain compliance technique shall be discontinued once the officer
determines that compliance has been achieved.
300.3.4 CAROTID CONTROL HOLD
The use of the carotid restraint, or any technique (e.g. “chokeholds,” “strangleholds,” lateral
vascular neck restraints, chest compressions, etc.) deliberately applied for the purpose of
restricting blood flow or air flow to the head or neck, is not authorized.
300.3.5 ALTERNATIVE TACTICS - DE-ESCALATION
As time and circumstances reasonably permit, and when community and officer safety would
not be compromised, officers should consider actions that may increase officer safety and may
decrease the need for using force.
When feasible officers shall utilize de-escalation techniques, crisis intervention techniques, and
other alternatives to force. (Government Code § 7286(b)(1)). Such alternatives may include:
(a)Formulating a plan with responding officers before entering an unstable situation that
does not reasonably appear to require immediate intervention;
(b)Attempting to isolate and contain the subject;
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(c)Creating time and distance from the subject by establishing a reactionary gap and
utilizing cover to avoid creating an immediate threat that may require the use of force;
(d)Requesting additional resources, such as Crisis Intervention Team (CIT) trained
officers, Crisis/Hostage Negotiation Team, or a Kinetic Energy Weapon;
(e)Attempting to establish rapport and engage in communication with the subject;
(f)Identify resources available for help, assistance, and/or treatment in lieu of threats of
penalties, or criminal prosecution;
(g)Verbal volume or non-verbal communication, including posturing, silence and delayed
response;
(h)Tactically re-positioning to maintain the reactionary gap, protect the public, and
preserve officer safety; and
(i)Taking as much time as reasonably necessary to resolve the incident, without having
to use force, if feasible.
When feasible, officers shall attempt to understand and consider the possible reasons why
a subject may be noncompliant. This may not make the subject any less dangerous, but
understanding a subject’s situation may enable officers to calm the subject and allow officers to
use de-escalation techniques while maintaining public and officer safety. A subject may not be
capable of understanding the situation because of a medical condition; mental, physical, or hearing
impairment; language barrier; drug interaction; or emotional crisis, and have no criminal intent.
300.4 FORCE OPTIONS
The following chart illustrates how a suspect’s resistance/actions correlate to the force applied by
an officer; it is offered as general guidance to officers for consideration and is not intended to be
exhaustive. It should be considered as part of and in conjunction with the entire policy manual.
Other, more specific guidance can be found elsewhere.
Officers are not required to use these force options based on a continuum.
It should be noted that the suspect’s actions (as described below) are those perceived by a
reasonable officer taking into account the totality of the circumstances. It is also recognized that
a suspect’s actions can change rapidly and without warning.
Any evaluation of reasonableness must allow for the fact that officers are often forced to make
split-second decisions about the amount of force that reasonably appears necessary in a particular
situation, with limited information and in circumstances that are tense, uncertain, and rapidly
evolving.
Ultimately, despite what may appear in any chart, officers shall use only that amount of force
that reasonably appears necessary given the facts and totality of the circumstances known to
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or perceived by the officer at the time of the event to accomplish a legitimate law enforcement
purpose, consistent with Graham v. Connor and CA Penal Code 835a.
SUBJECT ACTIONS DESCRIPTION RESPONSIVE FORCE OPTION
EXAMPLES
Compliance Subject offers no resistance •Mere professional
appearance
•Nonverbal actions
•Verbal requests
and commands
•Handcuffing and
control holds
Passive non-compliance Does not respond to verbal
commands but also offers no
physical form of resistance
•Officer’s strength
to take physical
control, including
lifting/ carrying
•Pain compliance
control holds,
takedowns and
techniques to
direct movement or
immobilize
Active resistance Physically evasive movements
to defeat an officer’s attempt at
control, including bracing, tensing,
running or walking away, verbally,
or physically signaling an intention
to avoid or prevent being taken
into or retained in custody.
•Use of personal
body weapons to
gain advantage
over the subject
•Pain compliance
control holds,
takedowns and
techniques to
direct movement
or immobilize a
subject
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Assaultive Aggressive or combative;
attempting to assault the officer
or another person, verbally or
physically displays an intention
to assault the officer or another
person
•Use of device and/
or techniques to
ultimately gain
control of the
situation
•Use of personal
body weapons or
other available
weapon to gain
advantage over the
subject
Life-threatening Any action likely to result in
serious bodily injury or death of
the officer or another person
•Utilizing available
weapons or actions
in defense of self
and others to stop
the threat
300.5 REPORTING THE USE OF FORCE
Any use of force by a member of this [department/office] shall be documented promptly,
completely, and accurately in an appropriate report, depending on the nature of the incident.
The officer should articulate the factors perceived and why he/she believed the use of force
was reasonable under the circumstances. To collect data for purposes of training, resource
allocation, analysis, and related purposes, the [Department/Office] may require the completion
of additional report forms, as specified in [department/office] policy, procedure, or law. See the
Report Preparation Policy for additional circumstances that may require documentation.
300.5.1 NOTIFICATION TO SUPERVISORS
Supervisory notification shall be made as soon as practicable following the application of force in
any of the following circumstances:
(a)The application caused a visible injury.
(b)The application would lead a reasonable officer to conclude that the individual may
have experienced more than momentary discomfort.
(c)The individual subjected to the force complained of injury or continuing pain.
(d)The individual indicates intent to pursue litigation.
(e)Any application of a CED or control device.
(f)Any application of a restraint device other than handcuffs, shackles, or belly chains.
(g)The individual subjected to the force was rendered unconscious.
(h)An individual was struck or kicked.
(i)An individual alleges unreasonable force was used or that any of the above has
occurred.
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300.5.2 INCIDENTS REQUIRING A SUPERVISOR'S REPORT
Use of force incidents that meet any one of the below listed criteria will be investigated and
documented.
(a)An officer strikes a blow using any physical strength or object to a subject;
(b)An officer uses force which causes any visible or apparent physical injury, or which
results in the subject claiming he or she was injured;
(c)An officer strikes a blow using any physical strength or object to a subject that causes
any visible physical injury or which the subject complains of pain;
(d)An officer uses physical control on a subject beyond a physical compliance hold that
causes any visible physical injury or which the subject complains of pain;
(e)An officer uses O.C./baton/ASP on any subject;
(f)An officer delivers a Less Lethal Kinetic Energy projectile at a person;
(g)A CEW application by an officer;
(h)Any bite or injury resulting from the use of a police service dog;
(i)Any other incident for which the supervisor/Watch Commander deems a "use of force"
report is necessary.
(j)Any use of force where the suspect becomes unconscious.
300.5.3 SUPERVISOR'S REPORT ON USE OF FORCE
The on-duty supervisor will investigate the use of force and complete the "Supervisor's Report on
Use of Force" form. All relevant documents will be attached. The Supervisor's "Use of Force" report
narrative should be documented in a memorandum format and contain the following headings/
information:
(a)Synopsis - A brief narrative of the incident:
(b)Suspect Information/Statements - If the supervisor was able to obtain a statement
from involved suspect, the statement should be provided.
(c)Injuries - Describe in detail any injuries suffered by the suspect, officers or any other
involved subject(s).
(d)De-Escalation - Describe any de-escalation techniques employed or an explanation
why such techniques were not feasible
(e)Property Damage - Any property damage that occurred.
(f)Involved Officer(s) and Roles - Describe actions taken by involved officers.
(g)Investigation- Investigative steps taken.
(h)Attachments - Any pertinent documents and attachments.
(i)Opinions and Conclusions - A summary of the incident.
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The report will be submitted prior to the end of the shift. The investigating supervisor must obtain
approval from the Watch Commander if the report cannot be completed in time. The report will be
routed through the chain of command for approval. The Division Captain, Assistant Police Chief
and the Police Chief will conduct a final review.
300.5.4 REPORTING TO CALIFORNIA DEPARTMENT OF JUSTICE
Statistical data regarding all officer-involved shootings and incidents involving use of force
resulting in serious bodily injury is to be reported to the California Department of Justice as required
by Government Code § 12525.2. See the Technical Services Division Policy.
300.6 DEADLY FORCE APPLICATIONS
Where feasible, the officer shall, prior to the use of deadly force, make reasonable efforts to identify
him/herself as a peace officer and to warn that deadly force may be used, unless the officer has
objectively reasonable grounds to believe the person is aware of those facts (Penal Code 835a(5)
(c)(1)(B)).
If an objectively reasonable officer would consider it safe and feasible to do so under the totality
of the circumstances, officers shall evaluate and use other reasonably available resources and
techniques when determining whether to use deadly force. To the extent that it is reasonably
practical, officers should consider their surroundings and any potential risks to bystanders prior to
discharging a firearm (Government Code § 7286(b)).
The use of deadly force is only justified when the officer reasonably believes it is necessary in the
following circumstances (Penal Code § 835a):
(a)An officer may use deadly force to protect him/herself or others from what he/she
reasonably believes is an imminent threat of death or serious bodily injury to the officer
or another person.
(b)An officer may use deadly force to apprehend a fleeing person for any felony that
threatened or resulted in death or serious bodily injury, if the officer reasonably
believes that the person will cause death or serious bodily injury to another unless
immediately apprehended.
Officers shall not use deadly force against a person based on the danger that person poses to him/
herself, if an objectively reasonable officer would believe the person does not pose an imminent
threat of death or serious bodily injury to the officer or to another person (Penal Code § 835a).
An “imminent” threat of death or serious bodily injury exists when, based on the totality of the
circumstances, a reasonable officer in the same situation would believe that a person has the
present ability, opportunity, and apparent intent to immediately cause death or serious bodily injury
to the officer or another person. An officer’s subjective fear of future harm alone is insufficient as
an imminent threat. An imminent threat is one that from appearances is reasonably believed to
require instant attention (Penal Code § 835a).
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300.6.1 SHOOTING AT OR FROM MOVING VEHICLES
Shots fired at or from a moving vehicle are rarely effective and may involve additional
considerations and risks. When feasible, officers shall take reasonable steps to move out of the
path of an approaching vehicle instead of discharging their firearm at the vehicle or any of its
occupants. An officer shall only discharge a firearm at a moving vehicle or its occupants when the
officer reasonably believes there are no other reasonable means available to avert the imminent
threat of the vehicle, or if deadly force other than the vehicle is directed at the officer or others
(Government Code § 7286(b)).
Officers should not shoot at any part of a vehicle in an attempt to disable the vehicle.
300.6.2 DISPLAYING OF FIREARMS
Given that individuals might perceive the display of a firearm as a potential application of force,
officers should carefully evaluate each tactical situation and use sound discretion when drawing
a firearm in public by considering the following guidelines (Government Code § 7286(b)):
(a)If the officer does not initially perceive a threat but reasonably believes that the
potential for such threat exists (e.g., building search, yard search), firearms should
generally be kept in the low-ready or other position not directed toward an individual.
(b)If the officer reasonably believes that a threat exists based on the totality of
circumstances presented at the time (e.g., high-risk stop, tactical entry, armed
encounter), firearms may be directed toward such imminent threat until the officer no
longer perceives such threat.
Once it is reasonably safe to do so, officers should carefully secure all firearms.
The following incidents shall be documented using the appropriate approved report:
(a)Anytime and officer points a firearm at any person
(b)Any firearm discharge (see the Firearms Policy)
300.7 MEDICAL CONSIDERATION
Once it is reasonably safe to do so, properly trained officers should promptly provide or procure
medical assistance for any person injured or claiming to have been injured in a use of force incident
(Government Code § 7286(b)).
Prior to booking or release, medical assistance shall be obtained for any person who exhibits signs
of physical distress, who has sustained visible injury, expresses a complaint of injury or continuing
pain, or who was rendered unconscious. Any individual exhibiting signs of physical distress after
an encounter should be continuously monitored until he/she can be medically assessed.
Based upon the officer’s initial assessment of the nature and extent of the subject’s injuries,
medical assistance may consist of examination by fire personnel, paramedics, hospital staff, or
medical staff at the jail. If any such individual refuses medical attention, such a refusal shall be
fully documented in related reports and, whenever practicable, should be witnessed by another
officer and/or medical personnel. If a recording is made of the contact or an interview with the
individual, any refusal should be included in the recording, if possible.
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Use of Force
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The on-scene supervisor or, if the on-scene supervisor is not available, the primary handling officer
shall ensure that any person providing medical care or receiving custody of a person following any
use of force is informed that the person was subjected to force. This notification shall include a
description of the force used and any other circumstances the officer reasonably believes would
be potential safety or medical risks to the subject (e.g., prolonged struggle, extreme agitation,
impaired respiration).
Persons who exhibit extreme agitation, violent irrational behavior accompanied by profuse
sweating, extraordinary strength beyond their physical characteristics and imperviousness to pain
(sometimes called “excited delirium”), or who require a protracted physical encounter with multiple
officers to be brought under control, may be at an increased risk of sudden death. Calls involving
these persons should be considered medical emergencies. Officers who reasonably suspect a
medical emergency should request medical assistance as soon as practicable and have medical
personnel stage away if appropriate.
300.8 SUPERVISOR RESPONSIBILITY
A supervisor should respond to any reported use of force, if reasonably available. The
responding supervisor is expected to (Government Code § 7286(b)):
(a)Obtain the basic facts from the involved officers. Absent an allegation of misconduct
or excessive force, this will be considered a routine contact in the normal course of
duties.
(b)Ensure that any injured parties are examined and treated.
(c)When possible, separately obtain a recorded interview with the subject upon whom
force was applied. If this interview is conducted without the person having voluntarily
waived his/her Miranda rights, the following shall apply:
1.The content of the interview should not be summarized or included in any related
criminal charges.
2.The fact that a recorded interview was conducted should be documented in a
property or other report.
3.The recording of the interview should be distinctly marked for retention until all
potential for civil litigation has expired.
(d)Once any initial medical assessment has been completed or first aid has been
rendered, ensure that photographs have been taken of any areas involving visible
injury or complaint of pain, as well as overall photographs of uninjured areas. These
photographs should be retained until all potential for civil litigation has expired.
(e)Identify any witnesses not already included in related reports.
(f)Review and approve all related reports.
(g)Determine if there is any indication that the subject may pursue civil litigation.
1.If there is an indication of potential civil litigation, the supervisor should complete
and route a notification of a potential claim through the appropriate channels.
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Published with permission by Palo Alto Police Department ***DRAFT***Use of Force - 12
(h)Evaluate the circumstances surrounding the incident and initiate an administrative
investigation if there is a question of policy non-compliance or if for any reason further
investigation may be appropriate.
In the event that a supervisor is unable to respond to the scene of an incident involving the reported
application of force, the supervisor is still expected to complete as many of the above items as
circumstances permit.
300.8.1 WATCH COMMANDER RESPONSIBILITY
The Watch Commander shall review each use of force by any personnel within his/her command
to ensure compliance with this policy.
300.9 USE OF FORCE INCIDENTS/INTERNAL AFFAIRS INVESTIGATIONS
At any time after a use of force incident the supervisor has reason to believe the involved
officer could be facing disciplinary action, the supervisor should immediately notify the Watch
Commander. The Watch Commander will consult with the Division Captain and the Personnel
and Training Lieutenant. If the decision is made to conduct an Internal Affairs Investigation, the
initial supervisor should not conduct any further investigation unless directed otherwise. The initial
supervisor will complete as much of the "Supervisor's Report on Use of Force" Form as possible.
The supervisor will then check the box on the report form indicating Administrative Investigation
and forward the report form to the designated Internal Affairs Investigator.
300.10 TRAINING
Officers, investigators, and supervisors will receive periodic training on this policy, relevant
statutes and caselaw, and demonstrate their knowledge and understanding (Government Code §
7286(b)). Training should occur not less than biannually.
Subject to available resources, the Personnel and Training Lieutenant should ensure that officers
receive periodic training on de-escalation tactics, including alternatives to force.
Training should also include (Government Code § 7286(b)):
(a)Guidelines regarding vulnerable populations, including but not limited to children,
elderly persons, pregnant individuals, and individuals with physical, mental, and
developmental disabilities.
(b)Training courses required by and consistent with POST guidelines set forth in Penal
Code § 13519.10.
300.11 USE OF FORCE COMPLAINTS
The receipt, processing, and investigation of civilian complaints involving use of force incidents
should be handled in accordance with the Personnel Complaints Policy (Government Code §
7286(b)).
Palo Alto Police Department
Policy Manual
Use of Force
Copyright Lexipol, LLC 2020/10/13, All Rights Reserved.
Published with permission by Palo Alto Police Department ***DRAFT***Use of Force - 13
300.12 POLICY REVIEW
The Chief of Police or the authorized designee should regularly review and update this policy to
reflect developing practices and procedures (Government Code § 7286(b)).
300.13 POLICY AVAILABILITY
The Chief of Police or the authorized designee should ensure this policy is accessible to the public
(Government Code § 7286(c)).
300.14 PUBLIC RECORDS REQUESTS
Requests for public records involving an officer’s personnel records shall be processed in
accordance with Penal Code § 832.7 and the Personnel Records and Records Maintenance and
Release policies (Government Code § 7286(b)).
300.15 UPDATE
10-13-2020
City of Palo Alto (ID # 11708)
City Council Staff Report
Report Type: Consent Calendar Meeting Date: 11/2/2020
City of Palo Alto Page 1
Summary Title: Refer the Development of Permanent Race and Equity Public
Art to the Public Art Commission
Title: Refer the Development of Permanent Public Art on King Plaza at City
Hall to the Public Art Commission
From: City Manager
Lead Department: City Manager
Recommendation
Staff recommends that the City Council refer to the Public Art Commission the development of
a permanent public art installation in King Plaza (City Hall Civic Center) to recognize the City’s
priorities on race and equity.
Background
On June 8, 2020, the City Council unanimously passed a resolution affirming that Black lives
matter and committed the City to addressing systemic racism and bias. This resolution also
honored the lives of George Floyd, Breonna Taylor, Ahmaud Arbery, and many others and can
be found online in CMR #11414.
In addition to the resolution, the City Council also unanimously directed staff to return with a
framework, report on possible improvements to police hiring practices, and a diversity and
inclusion initiative throughout the City. In response to that direction, staff returned to the City
Council on June 15, 2020 with a draft framework to inform Palo Alto’s focus over the short,
medium, and long-term (CMR #11441). The City Council also approved a series of actions
including direction to the Public Art Commission to explore public art honoring diversity and
work with our community to paint “Black lives matter” or a similar message near City Hall, as
soon as possible. The temporary installation was completed in late June.
Discussion
This referral seeks to recognize the City’s priorities on race and equity through the potential
development of permanent public art in King Plaza at City Hall Civic Center. In June, the Public
Art Commission commissioned the installation of a temporary Black lives matter Mural by
launching a call for artists. The Public Art Commission hosted panel interviews and selected
sixteen diverse, local artists to paint the individual letters in the mural using their own
CITY OF
PALO
ALTO
City of Palo Alto Page 2
perspectives on race and equity to guide their work. Since that time, the community has
engaged with the temporary mural. In addition, on September 10, 2020, the Public Art
Commission hosted a panel discussion with several of the mural artists to engage the
community on the topic of race and equity. Watch the virtual Racial Equity Panel
Conversation here.
In August, the City Council discussed interest in developing permanent public art in King Plaza
at City Hall Civic Center. In September, as a priority for the coming year’s workplan, the Public
Art Commission approved exploring public art elements at Palo Alto’s city limits to reinforce the
City’s focus on race, equity and inclusion. The recommended motion in this report would add
the specific discussion about a permanent public art piece in King Plaza to the Public Art
Commission’s workplan. With the garage underneath King Plaza, the weight of art installations
on the plaza is limited. Permanent artwork will need to be designed consistent with these
engineering requirements and traditional sculptural works are likely infeasible at this site.
As the Black lives matter mural was intended to be a temporary installation, the City is currently
focused on decommission efforts for the mural. In conversations with the Public Works
Department, the City plans to decommission the temporary Black lives matter mural in early
November due to the anticipated shift in weather and concerns over public safety and traffic
impacts. This allows the City to schedule the road work needed by an experienced crew in
advance of seasonal rainy weather. Staff also expects an increase in traffic as more business
activities are allowed locally with the relaxing of COVID-19 restrictions set by the State Public
Health Officer and Santa Clara County Public Health Officer. The City anticipated
decommissioning the temporary mural as early as September 2020 or by the end of the
calendar year as the mural faded.
The City Council referral would advance and build upon the temporary mural’s impact by
directing the Public Art Commission to develop permanent artwork focused on race, equity and
inclusion in King Plaza at City Hall Civic Center. This recommendation aligns with the Public Art
Commission’s priorities to focus on race and equity in their workplan this year.
Resource Impact
With the acceptance of this report, a referral will be submitted to the Public Art Commission to
explore a permanent public art installation or a series of installations in King Plaza at City Hall
Civic Center. The Public Art Commission will follow the established approval process related to
the budget and the art chosen.
Stakeholder Engagement
Since the City Council’s adoption of their Race and Equity Framework, a series of community
engagement efforts and community conversations have taken place focused on race and
equity. For more on the City’s focus on race and equity, go to
www.cityofpaloalto.org/raceandequity. For more on the City’s Public Art program, go to
www.cityofpaloalto.org/publicart. For other community engagement completed or underway,
including Public Art programming planned, go to the August 24, 2020 City Council Staff Report
City of Palo Alto Page 3
(CMR #11551 Attachment B).
Environmental Review
This referral is not a project subject to environmental review. Potential environmental impacts
will be considered at the time a proposed permanent artwork is identified.
CITY OF PALO ALTO OFFICE OF THE CITY CLERK
November 2, 2020
The Honorable City Council
Palo Alto, California
Approve and Authorize the Extension of the Fall 2020 Board and
Commission Recruitment for Positions on the Architectural Review
Board, Planning Transportation Commission, Historic Resources Board,
and Parks and Recreation Commission for an Additional six Weeks,
With an Application Deadline of December 16, 2020
Recommendation Staff is requesting authorization from City Council to extend the Fall 2020 Board and Commission recruitment for positions on the Architectural Review Board, Planning and Transportation Commission, Historic Resources Board, and Parks and Recreation Commission for an additional six weeks, with an application deadline of December 16, 2020. Background and Discussion The Fall 2020 Board and Commission recruitment began on September 15, 2020 with an application deadline of October 20, 2020. Recruitment Summary: • Architectural Review Board – 2 positions with terms ending December 15, 2023
• Historic Resources Board – 4 positions with terms ending December 15, 2023 • Parks and Recreation Commission – 1 unexpired position with a term ending December 15, 2022 • Planning and Transportation Commission – 2 positions with terms ending December 15, 2024. As of October 21, 2020, the City received the following applications: Architectural Review Board – 2 positions 1. Grace Lee (incumbent) 2. Osma Thompson (incumbent) Historic Resources Board – 4 positions 1. Martin Bernstein (incumbent) 2. Michael Makinen (incumbent) 3. Margaret Wimmer (incumbent) Parks and Recreation Commission – 1 unexpired position 1. Amanda Brown 2. Geoffrey Nicholls 3. Andie Reed
Page 2
4. Curtis Smolar 5. Brent Yamashita
Planning and Transportation Commission – 2 positions 1. Kevin Ma 2. Doria Summa (incumbent)
Staff is requesting approval from the City Council to extend the Fall 2020 Board and
Commission recruitment. This will allow additional public outreach, with an application
deadline of December 16, 2020. If authorized, the interview selection, interviews, and
appointments for these positions will occur in January 2021. Current members holding
expiring positions will automatically roll over until an appointment is made.
Department Head: Beth Minor, City Clerk
Page 3
City of Palo Alto (ID # 11706)
City Council Staff Report
Report Type: Action Items Meeting Date: 11/2/2020
City of Palo Alto Page 1
Summary Title: Ordinance Renaming Foothills Park and Allowing Access to
General Public
Title: Adoption of an Ordinance Amending the Municipal Code to Rename
Foothills Park to Foothills Nature Preserve and Open It to the General Public
by Removing Limits on Non-residents, While Maintaining the Maximum
Capacity of 1,000 Persons and Providing Residents First Access to
Reservations for Towle Campground and Oak Grove Group Picnic Area
From: City Manager and City Attorney
Recommendation
Staff recommends that City Council adopt an ordinance (Attachment A) to:
a.Rename Foothills Park to Foothills Nature Preserve;
b.Open Foothills Nature Preserve to the general public by removing limits on non-
residents, while maintaining the maximum capacity of 1,000 persons and providing
residents first access to reservations for Towle Campground and Oak Grove Group Picnic
Area; and
c.Amend or delete outdated and duplicative Code language.
Background
Palo Alto purchased the land that has become Foothills Park from the Lee family in the late
1950’s and opened it to Palo Alto residents in 1965. From its inception, access to Foothills Park
has been restricted to residents, City employees, and their guests, with a limited exception
subsequently adopted for entrance by foot from Pearson-Arastradero Preserve or Los Trancos
Open Space Preserve on the Bay-to-Ridge Trail.
This type of regulation is extremely rare. Staff is not aware of any other municipality in
California that limits access to park land to residents and their guests.1
1 Resident preferences for facilities and programs do exist elsewhere, however.
City of Palo Alto Page 2
Non-resident access to Foothills Park has been discussed in Palo Alto from time to time over
several decades. In 2018, the Parks and Recreation Commission (PRC) began discussions on
increasing non-resident access to Foothills. At their July (Minutes), September (Minutes), and
November (Minutes) 2019 meetings, the PRC discussed the possibility that a pilot program
could be developed to initiate and explore greater access for non-residents. At the November
12, 2019 PRC meeting, the Commission voted (6-1) to recommend that the City Council adopt a
pilot program allowing non-resident access subject to defined parameters.
On August 3, 2020, the City Council considered the PRC recommendation and adopted the
following motion (5-2, Cormack, Fine no; Minutes):
A. Direct Staff to bring this item to the Council in 2022 for a possible ballot measure;
B. Rename Foothills Park to Foothills Nature Preserve;
C. Change the fine from a misdemeanor to an infraction;
D. Move forward with the pilot program starting in the Fall of 2020 or Winter of 2021,
assess measurable points such as cost, and use that data for a possible ballot measure in
2022; and
E. Ensure the pilot program remains revenue neutral.
On September 15, the National Association for the Advancement of Colored People of San
Jose/Silicon Valley (“NAACP”) and a number of Palo Alto residents and non-residents sued the
City in Santa Clara County Superior Court seeking to open Foothills Park to non-residents. The
Plaintiffs are represented by the American Civil Liberties Union of Northern California and a
private law firm. The suit asks the court to declare unconstitutional the ordinance restricting
access to residents, City employees, and their guests. (PAMC § 22.04.150.) Plaintiffs claim that
the Park’s residency requirement violates their First Amendment rights to free speech and free
assembly under the federal and California constitutions, as well as their constitutional right to
travel.2 The suit seeks a temporary and permanent restraining order prohibiting enforcement of
the restriction. It also asks the court to order the City to pay Plaintiffs’ attorneys fees and costs.
The City has moved the case to federal court.
Discussion
When Council considered the Foothills Park access policy on August 3, it directed staff to
develop options for a pilot and return to Council for further direction. After that time, however,
2 While the lawsuit includes extensive discussion of the racially discriminatory environment of the 1960's during
which time the ordinance was adopted, the lawsuit does not claim that the ordinance is unconstitutional because
it discriminates based on race or violates plaintiffs’ rights to equal protection of the laws. The suit is primarily a
First Amendment case. Plaintiffs claim that the ordinance restricting non-resident access unconstitutionally curtails
their First Amendment rights to gather in the Nature Preserve in order to protest that the ordinance is racist.
City of Palo Alto Page 3
the City was sued over the non-resident access restriction. This is a significant development
that Council must assess and take account of in order to determine the best course for Palo
Alto.
The core of the Foothills Park lawsuit is Plaintiffs’ contention that the non-resident access
restriction violates their First Amendment rights to assemble and speak. Federal courts have
determined that First Amendment rights protecting expressive activity are “nowhere stronger
than in streets and parks.” Berger v. City of Seattle, 569 F.3d 1029, 1035-36 (9th Cir. 2009). First
Amendment rights are not absolute, however. They may be restricted consistent with
requirements articulated in multiple court decisions. Courts have determined that governments
may adopt reasonable regulations regulating the “time, place or manner of speech.” Common
examples of permissible restrictions include requiring permits for parades or festivals, limiting
loud noises in the evening, and restricting capacity in buildings. To pass constitutional muster, a
regulation curtailing speech and expressive activity must be content-neutral, tailored to serve a
significant governmental interest, and leave open ample alternative channels for
communication. When plaintiffs claim a municipality is violating their First Amendment rights,
courts apply these principles to the specific facts and circumstances of the government
regulation to determine whether it comports with the First Amendment.
As with all significant suits, the City Council has a duty and obligation to assess litigation
brought against Palo Alto in light of the facts and the law, with the assistance of counsel
providing full and frank advice in a confidential forum. Many lawsuits brought against the City
are fully and vigorously litigated and many are won outright. Others, however, are resolved by
mutual agreement where the Council determines that it is in the best interest of the City and its
residents to do so.
Here, in response to the intervening event that is the filing of the lawsuit, staff brings forward
for Council’s consideration an ordinance to rename Foothills Park as Foothills Nature Preserve
and open it to the general public, subject to the 1,000 person maximum and with resident
preferential access to rentals of the Oak Grove Group Picnic Area and Towle Campgrounds.
Concurrently with preparing this ordinance, staff is in discussions with Plaintiffs’ counsel
regarding a full settlement of the lawsuit, with terms that will be finalized and made available
to the public before a second reading of the ordinance is presented to Council. Those terms
would include dismissal of the lawsuit and a full and complete waiver by Plaintiffs of their
request, which is available in this type of case, that the Court order the City to pay Plaintiffs’
attorneys fees and costs.
For its part, in addition to adopting this ordinance, under the settlement the City would agree
not to re-institute restrictions on non-resident access in the future, including by adopting an
ordinance or initiating a ballot measure to restrict non-resident access, and would agree that
this commitment be enforceable by permanent court injunction. In addition, both parties would
acknowledge the City’s discretion to manage the Nature Preserve, including by studying and
adjusting maximum capacity without regard to residence, and by imposing an entrance fee
City of Palo Alto Page 4
that, consistent with current Community Service Department practice, could provide a resident
discount not exceeding 25% of the non-resident fee. Finally, the settlement would provide that
if Council adopts the attached ordinance and electors qualify a referendum on the ordinance
for the ballot, the settlement agreement would be void and litigation would resume.
If Council elects not to adopt the attached ordinance, staff will return later in November with
options for a pilot program and litigation over the City’s limitations on non-resident access will
continue. Under our system of governmental checks and balances, which endows courts with
the authority to enforce constitutional requirements, it is possible that at some point a court
order could be entered that would override the City’s Municipal Code and regulations regarding
non-resident access and order the City to pay Plaintiffs’ attorneys fees and costs.
Timeline
If adopted on first reading on November 2, the proposed ordinance would be agendized for
second reading on Consent on November 16 and would be effective 31 days thereafter. At that
time, the Nature Preserve would be open to the general public, subject to the 1,000-person
maximum.
If Council declines to adopt the proposed ordinance and directs staff to return with options for
a pilot program, staff will return with that item in November.
Resource Impact
Opening Foothills Nature Preserve to the general public is likely to increase usage at the Nature
Preserve, which will generate impacts on Community Service Department (CSD) resources. The
magnitude of impacts depends on the level of increased use, which cannot be predicted with
certainty in advance. Impacts are likely to include costs for equipment and supplies, staff
resources, and increased maintenance. CSD staff will implement Council’s direction initially
through existing budgets and resources and will monitor increases in usage and assess the
impacts and costs. Supplemental resources from other programs will also be reallocated as
needed to address any immediate one-time transition expenses. Staff will update Council in the
spring, during the mid-year or FY 2021-2022 budget process, and may propose budget
adjustments or consideration of an entry fee at that time.
Stakeholder Engagement
In addition to the City Council’s August deliberations, in 2018 the Parks and Recreation
Commission (PRC) began to explore options for providing non-residents access to Foothills
Nature Preserve. In 2019, the PRC discussed the options for increasing non-resident access via a
pilot program at its meetings in July, September, and November. On July 28, 2020, the PRC
hosted a panel discussion on the various perspectives of opening Foothills Nature Preserve to
nonresidents.
City of Palo Alto Page 5
Environmental Review
Adoption of this Ordinance is exempt from the California Environmental Quality Act (CEQA)
pursuant to CEQA Guidelines Sections 15301 (Existing Facilities) and 15323 (Normal Operations
of Facilities for Public Gatherings).
Attachments:
• Attachment A - Ordinance Amending PAMC Chapters 6.12, 9.64, 22.04, and 22.08 to
Rename Foothills Park to Foothills Nature Preserve and Allow Access to the General
Public
*NOT YET APPROVED*
1
212_20201022_ts_24
Ordinance No. _____
Ordinance of the Council of the City of Palo Alto Amending Chapters 6.12
(Impoundment), 9.64 (Regulation of Community Facilities) , 22.04 (Parks and
Recreation Building Use and Regulations) and 22.08 (Park Dedications) of the
Palo Alto Municipal Code to Rename Foothills Park to Foothills Nature Preserve
and Allow Access to the General Public.
The Council of the City of Palo Alto ORDAINS as follows:
SECTION 1. Findings and declarations. The City Council finds and declares as follows:
A. The City’s Foothills Park is reserved for park, playground, recreation, or conservation
purposes by Palo Alto Municipal Code (PAMC) 22.08.090 et seq.;
B. The City Council desires to change the name of Foothills Park to Foothills Nature
Preserve to recognize Foothills as one of the City’s open‐space preserves, along with the
Baylands Preserve, Pearson‐Arastradero Preserve, and Esther Clark Nature Preserve;
C. The City Council desires to open Foothills Nature Preserve to the general public by
removing limits to non‐residents; and
D. The City Council desires to make the operation hours of the City’s open‐space
interpretive centers consistent with the hours of the open spaces themselves.
SECTION 2. Section 6.12.025 (Special impounding fees) of Chapter 6.12 (Impoundment) of Title
6 (Animals) is hereby amended as follows (additions are in underline, deletions are in
strikethrough):
6.12.025 Special impounding fees.
For any dogs found running at large in Foothills Park Foothills Nature Preserve, Byxbee Park,
or city‐owned Baylands, and impounded by the city, the city shall charge and receive from the
owner fees for services in impounding animals as set forth in the municipal fee schedule.
SECTION 3. Section 9.64.010 (Use of community facilities prohibited from 10:30 p.m. to
sunrise) of Chapter 9.64 (Regulation of community facilities) of Title 9 (Public peace, morals,
and safety) is hereby amended as follows:
9.64.010 Use of community facilities prohibited from 10:30 p.m. to sunrise.
(A) No person shall use, remain in or enter any Community Facilities between 10:30 pm and
sunrise, other than a duly authorized city employee or persons participating in city‐sponsored
activities or other activities for which the city has provided written permission to utilize the
grounds beyond the closing time, provided however that the additional closure of specific
facilities during portions of the day or the year may be specified by the City Manager or his or
her designee.
*NOT YET APPROVED*
2
212_20201022_ts_24
(B) For the purposes of this chapter, "Community Facilities" means all buildings and premises
of City of Palo Alto Libraries, the Cubberley Community Center, Lucie Stern Community Center,
Children's Theatre, Community Theatre, Junior Museum & Zoo, Mitchell Park Community
Center and Field House, Art Center, Peers Park Field House, Lucy Evans Baylands Nature
Interpretive Center, Pearson Arastradero Preserve Gateway Center, Foothills Park Interpretive
Center, and Civic Center Plaza, (as defined in Municipal Code Section 9.60.020(b)), but not any
land dedicated for park use.
SECTION 4. Section 22.04.150 (Foothills Park) of Chapter 22.04 (Parks and Recreation Building
Use and Regulations) of Title 22 (Parks) is hereby amended as follows:
22.04.150 Foothills Park Foothills Nature Preserve.
Foothills Nature Preserve shall be open to all persons, regardless of residency.
(a) Foothills ParkFoothills Nature Preserve shall not be made available for the exclusive use
by any persons except for Towle Camp and the Oak Grove Group Area, Pine Gulch Group Area,
Wood Fern Group Area, and the Foothills ParkFoothills Nature Preserve Interpretative Center
classroom. Reservations for Towle Camp and the Oak Grove Group Area shall be made available
to residents of the city before being offered to the general public, according to regulations
promulgated by the city manager. All other reservations shall be made available to the general
public on a first come first served basis. Foothills Park may be accessible to the general public
for the purpose of using the Bay‐To‐Foothills trails.
(a) Only residents of the city and regular or part‐time city employees, members of their
households related by blood, marriage, or adoption, and their accompanied guests are
entitled to enter on foot or by bicycle or vehicle and remain in Foothills Park. No person who
is not a resident of the city may enter on foot or by bicycle or vehicle unaccompanied by a
person entitled to enter and remain in Foothills Park for the purpose of using the Bay‐To‐
Foothills trails, except as provided in subsection (b). An "accompanied guest," as used in this
section, is one who enters Foothills Park in the presence of a person entitled to enter and
remain in Foothills Park. Each person entitled to enter and remain in Foothills Park may be
accompanied by no more than 15 guests, or two vehicles containing no more than 15 guests,
at any one time. Upon the request of an authorized city employee or a member of the Palo
Alto police department, a person seeking to enter Foothills Park at the main gate or a person
within the boundaries of Foothills Park shall provide identification or information to satisfy
the requirements of this subsection. The good faith judgment of the authorized city employee
or police department member requesting identification or information shall be conclusive as
to whether such identification or information provided satisfies the requirements of this
subsection. No person shall enter or remain in Foothills Park in violation of this subsection.
Violations of this subsection shall be a misdemeanor.
(b) No person shall enter or exit Foothills Nature Preserve except at:
(1) The main gate on Page Mill Road;
(2) Designated entry and exit locations on the park boundaries shared with the Enid
Pearson Arastradero Preserve and the Los Trancos Open Space Preserve;
(3) The Bay‐To‐Foothills trails; or
(4) As authorized by the director.
Violations of this subsection shall be a misdemeanor.
*NOT YET APPROVED*
3
212_20201022_ts_24
Unless otherwise specifically authorized by the director, no person who is a resident of
the city shall enter or exit from Foothills Park except through the main gate on Page Mill Road
or at designated entry and exit locations on the park boundaries shared with the Enid Pearson
Arastradero Preserve and the Los Trancos Open Space Preserve. No person who is a resident of
the city shall enter or exit from the Bay‐To‐Foothills trails in the park except on foot. For the
purpose of using the Bay‐To‐Foothills trails in the park, no person who is not a resident of the
city shall enter or exit the park except on foot and at the designated entry and exit locations on
the park boundaries shared with the Enid Pearson Arastradero Preserve and the Los Trancos
Open Space Preserve. No entry by any person who is not a resident at these designated entry
and exit locations on the shared park boundaries shall be permitted by horse or bicycle.
Violations of this subsection shall be a misdemeanor.
(c) Foothills ParkFoothills Nature Preserve shall be closed from sunset (the actual closure
time to be prescribed in park regulations and posted accordingly) until 8:00 a.m. the following
morning. No person shall remain in Foothills ParkFoothills Nature Preserve during the hours of
park closure except, for other than duly authorized city employees, holders of permits which
authorize afterhours use, and permit holders or and participants in city‐sponsored activities,
during the hours of park closure. Violations of this subsection shall be a misdemeanor.
(d) No person shall exceed the maximum speed limit for all vehicles in Foothills ParkFoothills
Nature Preserve of twenty miles per hour. Violations of this subsection shall be an infraction.
(e) No person shall leave an unauthorized vehicle in Foothills ParkFoothills Nature Preserve
after the closing time designated and posted for closing of the park. Violations of this
subsection shall be a misdemeanor.
(f) No person shall operate a bicycle or a motorcycle except on the paved roads of Foothills
ParkFoothills Nature Preserve. No person shall operate a skateboard or roller skates or blades
or other coasting device in Foothills ParkFoothills Nature Preserve. This subsection shall not
apply to a bicycle or motorcycle operated by a police officer or park ranger acting in the course
and scope of his or her duties. Violations of this subsection shall be an infraction.
(g) No person shall smoke on any trail in Foothills ParkFoothills Nature Preserve. Violations of
this subsection shall be a misdemeanor.
(h) No person shall make a wood fire in Foothills ParkFoothills Nature Preserve without a
permit. Permits for wood fires within Foothills ParkFoothills Nature Preserve may be issued only
for the Towle campfire ring. No person shall start or maintain any charcoal cooking fire within
Foothills ParkFoothills Nature Preserve except in city‐provided braziers and barbecues in areas
so designated and posted. Violations of this subsection shall be a misdemeanor.
(i) No person shall shortcut across trail switchbacks. Violations of this subsection shall be an
infraction.
(j) The city manager shall promulgate regulations for the use of Boronda Lake to protect the
users, plants, animals, and structures of the lake.
(k) No more than one thousand people shall be permitted in Foothills ParkFoothills Nature
Preserve at any one time.
(l) No person owning or harboring any dog shall allow or permit such dog to enter or be in
Foothills ParkFoothills Nature Preserve on any holiday, as defined in Section 2.08.100(a) of this
code, or any Saturday or Sunday. At all other times, no person owning or harboring any dog
shall allow or permit such dog, whether licensed or not, to enter or be in Foothills ParkFoothills
Nature Preserve except when held under leash by an able‐bodied person. Violations of this
section shall be an infraction.
*NOT YET APPROVED*
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SECTION 5. Sections 22.08.090 (Foothills Park) through 22.08.120 (Lee Property – Addition to
Foothills Park), as well as Section 22.08.410 (Lee Property – Addition to Foothills Park) of
Chapter 22.08 (Park Dedications) of Title 22 (Parks) are hereby amended as follows:
22.08.090 Foothills Nature Preserve (formerly Foothills Park).
That certain parcel of land formerly known as Foothills Park as delineated and described in
Exhibit A‐9 attached hereto and now known as Foothills Nature Preserve is hereby reserved for
park, playground, recreation or conservation purposes.
22.08.100 Lee Property ‐ Addition to Foothills Park Foothills Nature Preserve.
That certain parcel of land known as the Lee Property (addition to Foothills Park Foothills
Nature Preserve) as delineated and described in Exhibit A‐9.1 attached hereto is hereby
reserved for park, playground, recreation or conservation purposes.
22.08.110 Lee Property ‐ Addition to Foothills Park Foothills Nature Preserve.
That certain parcel of land known as the Lee Property (addition to Foothills Park Foothills
Nature Preserve) as delineated and described in Exhibit A‐9.2 attached hereto is hereby
reserved for park, playground, recreation or conservation purposes.
22.08.120 Lee Property ‐ Addition to Foothills Park Foothills Nature Preserve.
That certain parcel of land known as the Lee Property (addition to Foothills Park Foothills
Nature Preserve) as delineated and described in Exhibit A‐9.3 attached hereto is hereby
reserved for park, playground, recreation or conservation purposes.
22.08.410 Lee Property ‐ Addition to Foothills Park Foothills Nature Preserve.
That certain parcel of land known as the Lee Property (addition to Foothills Park Foothills
Nature Preserve), as delineated and described in Exhibit A‐28 and attached hereto, is hereby
reserved for park, playground, recreation or conservation purposes.
SECTION 6. Exhibits A‐9, Including A‐9.1 through A‐9.3, and A‐28 of Chapter 22.08 (Park
Dedications) of Title 22 (Parks) are hereby amended as follows:
EXHIBIT A‐9 FOOTHILLS PARK FOOTHILLS NATURE PRESERVE (formerly Foothills Park)
All of that certain 1194.05 acre tract of land described in Exhibits B through H in that certain
Lease Agreement between Russell V. Lee et ux. to the City of Palo Alto recorded December 10,
1958; in Book 4254 of Official Records at pages 695 et seq., records of Santa Clara County,
California.
EXHIBIT A‐9.1 LEE PROPERTY ‐ ADDITION TO FOOTHILLS PARK FOOTHILLS NATURE PRESERVE
Situate in the city of Palo Alto, County of Santa Clara, State of California, described as follows:
Beginning at a point in the northwesterly line of that certain 200‐acre, more or less, parcel
excepted in the Deed from Russell V. Lee, et ux., to the City of Palo Alto, dated December 9,
1958 and recorded in Book 4254 of Official Records at page 720, Records of Santa Clara County,
California, distant along said line S. 69 degrees 10 minutes W. 920 feet from an iron pipe which
pipe bears N. 75 degrees 15 minutes 30 seconds W. 307.05 feet from an iron pipe set in the
center line of Page Mill Road; thence S. 20 degrees 50 minutes E. 2800 feet, more or less, to a
point on the southeasterly line of the Rancho El Corte de Madera; thence S. 15 degrees 12
*NOT YET APPROVED*
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minutes W. along said Rancho line 1350 feet, more or less, to the center line of Los Trancos
Creek; thence northwesterly along the center line of Los Trancos Creek to a point which bears S.
69 degrees 10 minutes W. 10 feet, more or less, from an iron pipe set in the bank of said Creek;
thence N. 69 degrees 10 minutes E. along the northwesterly line of said parcel excepted in said
Deed from Lee to City 2090 feet, more or less, to the point of beginning, containing 140 acres,
more or less, and being a portion of the Rancho El Corte de Madera.
EXHIBIT A‐9.2 LEE PROPERTY ‐ ADDITION TO FOOTHILLS PARK FOOTHILLS NATURE PRESERVE
Situate in the City of Palo Alto, County of Santa Clara, State of California, described as follows:
Beginning at a point on the southeasterly line of Rancho El Corte de Madera, said point being
in the center line of Page Mill Road, said point also being the most easterly corner of that
certain 200‐acre, more or less, tract of land excepted in the Deed from Russell V. Lee, et ux., to
the City of Palo Alto, dated December 9, 1958, and recorded in Book 4254 of Official Records at
Page 720, Records of Santa Clara County, California; thence westerly along the center line of
Page Mill Road and the northerly line of said excepted tract 700 feet, more or less, to an iron
pipe; thence continuing along the boundary line of said excepted tract N. 75 degrees 05
minutes 30 seconds W. 307.05 feet to an iron pipe; thence, continuing along the northwesterly
boundary line of said excepted tract, S. 69 degrees 10 minutes W. 920 feet: thence leaving said
boundary line, S. 20 degrees 50 minutes E. 2800 feet, more or less, to a point on said Rancho
line; thence N. 15 degrees 12 minutes E. along said Rancho line 2850 feet, more or less, to the
point of beginning, containing 60 acres, more or less, and being a portion of said Rancho El
Corte de Madera.
EXHIBIT A‐9.3 LEE PROPERTY ‐ ADDITION TO FOOTHILLS PARK FOOTHILLS NATURE PRESERVE
Situate in the City of Palo Alto, County of Santa Clara, State of California, described as follows:
Beginning at an iron pipe set in the boundary line of that certain 234.172 acre parcel of land
delineated upon a map entitled "Record of Survey of a portion of the Lands of Dorothy W. and
Russell V. Lee" and recorded September 10, 1957 in Book 86 of Maps at page 17, Records of
Santa Clara County, California, which iron pipe bears S. 74 degrees 42 minutes 11 seconds W.
2392.51 feet from the most easterly comer of said 234.172 acre parcel of land; thence N. 81
degrees 01 minutes 32 seconds W. 54.00 feet to an iron pipe which marks the true point of
beginning; thence N. 82 degrees 01 minutes 26 seconds W. 433.00 feet to an iron pipe; thence
S. 11 degrees 19 minutes 26 seconds W. 178.17 feet; thence S. 39 degrees 11 minutes 58
seconds W. 123.70 feet to an iron pipe; thence S. 69 degrees 28 minutes 33 seconds W. 267.84
feet to an iron pipe; hence S. 69 degrees 59 minutes 52 seconds W. 333.78 feet to an iron pipe;
thence S. 61 degrees 31 minutes 34 seconds W. 468.48 feet to an iron pipe; thence N. 81
degrees 03 minutes 10 seconds W. 122.62 feet to an iron pipe; thence in a straight line
southwesterly 60 feet, more or less, to a fence post marking a comer in the northwesterly
boundary line of the lands of the City of Palo Alto known as "Foothills Park," as said lands are
described in "Exhibit A" of the agreement between said City and Russell V. Lee and Dorothy
Womack Lee, dated December 8, 1958 and recorded December 10, 1958 in Book 4254 at page
695, et seq., Official Records of said County; thence following said boundary line of Foothills
Park the following courses and distances: S. 62 degrees 29 minutes 02 seconds E. 165 feet,
more or less, to an iron pipe; N. 67 degrees 24 minutes 58 seconds E. 805 feet, more or less, to
an iron pipe; N. 80 degrees 07 minutes 58 seconds E. 204 feet, more or less, to an iron pipe; and
N. 54 degrees 51 minutes 58 seconds E. 675 feet, more or less, to the true point of beginning,
containing 5.60 acres, more or less, and being a portion of the Rancho El Corte de Madera.
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EXHIBIT A‐28 LEE PROPERTY ‐ ADDITION TO FOOTHILLS PARK FOOTHILLS NATURE PRESERVE
Beginning at a 3/4‐inch iron pipe at the northeasterly corner of that certain tract of land
described in the deed from Russell V. Lee, et ux, to Richard Stanford Lee, et ux, dated December
30, 1956, and recorded December 3, 1956 in Book 3696 of Official Records at page 382, Records
of Santa Clara County, California;
Thence S. 15° 24' 19" E. along the easterly line of said tract 1083.65 feet;
Thence S. 72° 08' 48" W. 595.53 feet;
Thence S. 38° 48' 32" W. 179.00 feet;
Thence 48" W. 593.53 feet;
Thence S. 12° 01' 23" E. 488.00 feet;
Thence 32° 25' 26" W. 229.44 feet to an iron pipe marking the southwest corner of a quarry,
said last‐named corner being the True Point Of Beginning;
Thence S. 68° 17' 19" E. 1048.00 feet to an iron pipe;
Thence 57° 28' W. 60 feet, more or less, to a fence post marking a corner in the northwesterly
boundary line of the lands of the City of Palo Alto known as “Foothills Park”, as said lands are
described in "Exhibit A" of the agreement between said City and Russell V. Lee and Dorothy
Womack Lee, dated December 8, 1958 and recorded December 10, 1958 in Book 4254 of
Official Records at page 695, et seq., Records of said County;
Thence following said boundary line of Foothills Park S. 57° 28' W. (called 55° 54' W. in said
"Exhibit A") 435.35 feet;
Thence leaving said park boundary, N. 32° 32' W. 5.00 feet;
Thence N. 64° 09' W. 263.50 feet;
Thence N. 71° 21' W. 117.50 feet;
Thence N. 29° 16' E. 246.32 feet to the True Point Of Beginning, containing 7.70 acres, more
or less, and being a portion of the Rancho El Corte De Madera.
SECTION 7. If any section, subsection, sentence, clause, or phrase of this Ordinance is for any
reason held to be invalid or unconstitutional by a 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 would have passed this Ordinance and each
and every section, subsection, sentence, clause, or phrase not declared invalid or
unconstitutional without regard to whether any portion of the Ordinance would be
subsequently declared invalid or unconstitutional.
SECTION 8. The Council finds that adoption of this Ordinance is exempt from the California
Environmental Quality Act pursuant to CEQA Guidelines Sections 15301 (Existing Facilities) and
15323 (Normal Operations of Facilities for Public Gatherings).
//
//
//
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SECTION 9. This Ordinance shall be effective on the thirty‐first date after the date of its
adoption.
INTRODUCED:
PASSED:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
NOT PARTICIPATING:
ATTEST:
____________________________ ____________________________
City Clerk Mayor
APPROVED AS TO FORM: APPROVED:
____________________________ ____________________________
City Attorney City Manager
____________________________
Director of Community Services
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TO: HONORABLE CITY COUNCIL
FROM: MOLLY STUMP, CITY ATTORNEY
DATE: NOVEMBER 2, 2020
SUBJECT: AGENDA ITEM NUMBER 6‐ TITLE: ADOPTION OF AN ORDINANCE AMENDING
THE MUNICIPAL CODE TO RENAME FOOTHILLS PARK TO FOOTHILLS NATURE
PRESERVE AND OPEN IT TO THE GENERAL PUBLIC BY REMOVING LIMITS ON
NON‐RESIDENTS, WHILE MAINTAINING THE MAXIMUM CAPACITY OF 1,000
PERSONS AND PROVIDING RESIDENTS FIRST ACCESS TO RESERVATIONS FOR
TOWLE CAMPGROUND AND OAK GROVE GROUP PICNIC AREA
Staff have revised the proposed ordinance to reflect that the Pine Gulch Group Area and the
Wood Fern Group Areas are not reservable. The Pine Gulch Group Area has only four picnic
tables and has not been offered as a reservable picnic area for many years. The Wood Fern
Group Area was removed from Foothills at least two decades ago.
The revised section 22.04.150(a) now reads:
(a) Foothills ParkFoothills Nature Preserve shall not be made available for the exclusive use
by any persons except for Towle Camp and the Oak Grove Group Area, Pine Gulch Group Area,
Wood Fern Group Area, and the Foothills ParkFoothills Nature Preserve Interpretative Center
classroom. Reservations for Towle Camp and the Oak Grove Group Area shall be made available
to residents of the city before being offered to the general public, according to regulations
promulgated by the city manager. All other reservations shall be made available to the general
public on a first come first served basis. Foothills Park may be accessible to the general public
for the purpose of using the Bay‐To‐Foothills trails.
The original text as published with the Agenda read:
(a) Foothills ParkFoothills Nature Preserve shall not be made available for the exclusive use
by any persons except for Towle Camp and the Oak Grove Group Area, Pine Gulch Group Area,
Wood Fern Group Area, and the Foothills ParkFoothills Nature Preserve Interpretative Center
classroom. Reservations for Towle Camp and the Oak Grove Group Area shall be made available
to residents of the city before being offered to the general public, according to regulations
promulgated by the city manager. All other reservations shall be made available to the general
6
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public on a first come first served basis. Foothills Park may be accessible to the general public
for the purpose of using the Bay‐To‐Foothills trails.
Attachment: [Revised] Ordinance of the Council of the City of Palo Alto Amending Chapters 6.12
(Impoundment), 9.64 (Regulation of Community Facilities), 22.04 (Parks and Recreation Building
Use and Regulations) and 22.08 (Park Dedications) of the Palo Alto Municipal Code to Rename
Foothills Park to Foothills Nature Preserve and Allow Access to the General Public.
_______________________
Molly Stump
City Attorney
DocuSign Envelope ID: 973E9939-C632-4AE4-9C8E-575D481193D7
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Ordinance No. _____
Ordinance of the Council of the City of Palo Alto Amending Chapters 6.12
(Impoundment), 9.64 (Regulation of Community Facilities), 22.04 (Parks and
Recreation Building Use and Regulations) and 22.08 (Park Dedications) of the
Palo Alto Municipal Code to Rename Foothills Park to Foothills Nature Preserve
and Allow Access to the General Public.
The Council of the City of Palo Alto ORDAINS as follows:
SECTION 1. Findings and declarations. The City Council finds and declares as follows:
A. The City’s Foothills Park is reserved for park, playground, recreation, or conservation
purposes by Palo Alto Municipal Code (PAMC) 22.08.090 et seq.;
B. The City Council desires to change the name of Foothills Park to Foothills Nature
Preserve to recognize Foothills as one of the City’s open‐space preserves, along with the
Baylands Preserve, Pearson‐Arastradero Preserve, and Esther Clark Nature Preserve;
C. The City Council desires to open Foothills Nature Preserve to the general public by
removing limits to non‐residents; and
D. The City Council desires to make the operation hours of the City’s open‐space
interpretive centers consistent with the hours of the open spaces themselves.
SECTION 2. Section 6.12.025 (Special impounding fees) of Chapter 6.12 (Impoundment) of Title
6 (Animals) is hereby amended as follows (additions are in underline, deletions are in
strikethrough):
6.12.025 Special impounding fees.
For any dogs found running at large in Foothills Park Foothills Nature Preserve, Byxbee Park,
or city‐owned Baylands, and impounded by the city, the city shall charge and receive from the
owner fees for services in impounding animals as set forth in the municipal fee schedule.
SECTION 3. Section 9.64.010 (Use of community facilities prohibited from 10:30 p.m. to
sunrise) of Chapter 9.64 (Regulation of community facilities) of Title 9 (Public peace, morals,
and safety) is hereby amended as follows:
9.64.010 Use of community facilities prohibited from 10:30 p.m. to sunrise.
(A) No person shall use, remain in or enter any Community Facilities between 10:30 pm and
sunrise, other than a duly authorized city employee or persons participating in city‐sponsored
activities or other activities for which the city has provided written permission to utilize the
grounds beyond the closing time, provided however that the additional closure of specific
facilities during portions of the day or the year may be specified by the City Manager or his or
her designee.
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(B) For the purposes of this chapter, "Community Facilities" means all buildings and premises
of City of Palo Alto Libraries, the Cubberley Community Center, Lucie Stern Community Center,
Children's Theatre, Community Theatre, Junior Museum & Zoo, Mitchell Park Community
Center and Field House, Art Center, Peers Park Field House, Lucy Evans Baylands Nature
Interpretive Center, Pearson Arastradero Preserve Gateway Center, Foothills Park Interpretive
Center, and Civic Center Plaza, (as defined in Municipal Code Section 9.60.020(b)), but not any
land dedicated for park use.
SECTION 4. Section 22.04.150 (Foothills Park) of Chapter 22.04 (Parks and Recreation Building
Use and Regulations) of Title 22 (Parks) is hereby amended as follows:
22.04.150 Foothills Park Foothills Nature Preserve.
Foothills Nature Preserve shall be open to all persons, regardless of residency.
(a) Foothills ParkFoothills Nature Preserve shall not be made available for the exclusive use
by any persons except for Towle Camp and the Oak Grove Group Area, Pine Gulch Group Area,
Wood Fern Group Area, and the Foothills ParkFoothills Nature Preserve Interpretative Center
classroom. Reservations for Towle Camp and the Oak Grove Group Area shall be made available
to residents of the city before being offered to the general public, according to regulations
promulgated by the city manager. All other reservations shall be made available to the general
public on a first come first served basis. Foothills Park may be accessible to the general public
for the purpose of using the Bay‐To‐Foothills trails.
(a) Only residents of the city and regular or part‐time city employees, members of their
households related by blood, marriage, or adoption, and their accompanied guests are
entitled to enter on foot or by bicycle or vehicle and remain in Foothills Park. No person who
is not a resident of the city may enter on foot or by bicycle or vehicle unaccompanied by a
person entitled to enter and remain in Foothills Park for the purpose of using the Bay‐To‐
Foothills trails, except as provided in subsection (b). An "accompanied guest," as used in this
section, is one who enters Foothills Park in the presence of a person entitled to enter and
remain in Foothills Park. Each person entitled to enter and remain in Foothills Park may be
accompanied by no more than 15 guests, or two vehicles containing no more than 15 guests,
at any one time. Upon the request of an authorized city employee or a member of the Palo
Alto police department, a person seeking to enter Foothills Park at the main gate or a person
within the boundaries of Foothills Park shall provide identification or information to satisfy
the requirements of this subsection. The good faith judgment of the authorized city employee
or police department member requesting identification or information shall be conclusive as
to whether such identification or information provided satisfies the requirements of this
subsection. No person shall enter or remain in Foothills Park in violation of this subsection.
Violations of this subsection shall be a misdemeanor.
(b) No person shall enter or exit Foothills Nature Preserve except at:
(1) The main gate on Page Mill Road;
(2) Designated entry and exit locations on the park boundaries shared with the Enid
Pearson Arastradero Preserve and the Los Trancos Open Space Preserve;
(3) The Bay‐To‐Foothills trails; or
(4) As authorized by the director.
Violations of this subsection shall be a misdemeanor.
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Unless otherwise specifically authorized by the director, no person who is a resident of
the city shall enter or exit from Foothills Park except through the main gate on Page Mill Road
or at designated entry and exit locations on the park boundaries shared with the Enid Pearson
Arastradero Preserve and the Los Trancos Open Space Preserve. No person who is a resident of
the city shall enter or exit from the Bay‐To‐Foothills trails in the park except on foot. For the
purpose of using the Bay‐To‐Foothills trails in the park, no person who is not a resident of the
city shall enter or exit the park except on foot and at the designated entry and exit locations on
the park boundaries shared with the Enid Pearson Arastradero Preserve and the Los Trancos
Open Space Preserve. No entry by any person who is not a resident at these designated entry
and exit locations on the shared park boundaries shall be permitted by horse or bicycle.
Violations of this subsection shall be a misdemeanor.
(c) Foothills ParkFoothills Nature Preserve shall be closed from sunset (the actual closure
time to be prescribed in park regulations and posted accordingly) until 8:00 a.m. the following
morning. No person shall remain in Foothills ParkFoothills Nature Preserve during the hours of
park closure except, for other than duly authorized city employees, holders of permits which
authorize afterhours use, and permit holders or and participants in city‐sponsored activities,
during the hours of park closure. Violations of this subsection shall be a misdemeanor.
(d) No person shall exceed the maximum speed limit for all vehicles in Foothills ParkFoothills
Nature Preserve of twenty miles per hour. Violations of this subsection shall be an infraction.
(e) No person shall leave an unauthorized vehicle in Foothills ParkFoothills Nature Preserve
after the closing time designated and posted for closing of the park. Violations of this
subsection shall be a misdemeanor.
(f) No person shall operate a bicycle or a motorcycle except on the paved roads of Foothills
ParkFoothills Nature Preserve. No person shall operate a skateboard or roller skates or blades
or other coasting device in Foothills ParkFoothills Nature Preserve. This subsection shall not
apply to a bicycle or motorcycle operated by a police officer or park ranger acting in the course
and scope of his or her duties. Violations of this subsection shall be an infraction.
(g) No person shall smoke on any trail in Foothills ParkFoothills Nature Preserve. Violations of
this subsection shall be a misdemeanor.
(h) No person shall make a wood fire in Foothills ParkFoothills Nature Preserve without a
permit. Permits for wood fires within Foothills ParkFoothills Nature Preserve may be issued only
for the Towle campfire ring. No person shall start or maintain any charcoal cooking fire within
Foothills ParkFoothills Nature Preserve except in city‐provided braziers and barbecues in areas
so designated and posted. Violations of this subsection shall be a misdemeanor.
(i) No person shall shortcut across trail switchbacks. Violations of this subsection shall be an
infraction.
(j) The city manager shall promulgate regulations for the use of Boronda Lake to protect the
users, plants, animals, and structures of the lake.
(k) No more than one thousand people shall be permitted in Foothills ParkFoothills Nature
Preserve at any one time.
(l) No person owning or harboring any dog shall allow or permit such dog to enter or be in
Foothills ParkFoothills Nature Preserve on any holiday, as defined in Section 2.08.100(a) of this
code, or any Saturday or Sunday. At all other times, no person owning or harboring any dog
shall allow or permit such dog, whether licensed or not, to enter or be in Foothills ParkFoothills
Nature Preserve except when held under leash by an able‐bodied person. Violations of this
section shall be an infraction.
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SECTION 5. Sections 22.08.090 (Foothills Park) through 22.08.120 (Lee Property – Addition to
Foothills Park), as well as Section 22.08.410 (Lee Property – Addition to Foothills Park) of
Chapter 22.08 (Park Dedications) of Title 22 (Parks) are hereby amended as follows:
22.08.090 Foothills Nature Preserve (formerly Foothills Park).
That certain parcel of land formerly known as Foothills Park as delineated and described in
Exhibit A‐9 attached hereto and now known as Foothills Nature Preserve is hereby reserved for
park, playground, recreation or conservation purposes.
22.08.100 Lee Property ‐ Addition to Foothills Park Foothills Nature Preserve.
That certain parcel of land known as the Lee Property (addition to Foothills Park Foothills
Nature Preserve) as delineated and described in Exhibit A‐9.1 attached hereto is hereby
reserved for park, playground, recreation or conservation purposes.
22.08.110 Lee Property ‐ Addition to Foothills Park Foothills Nature Preserve.
That certain parcel of land known as the Lee Property (addition to Foothills Park Foothills
Nature Preserve) as delineated and described in Exhibit A‐9.2 attached hereto is hereby
reserved for park, playground, recreation or conservation purposes.
22.08.120 Lee Property ‐ Addition to Foothills Park Foothills Nature Preserve.
That certain parcel of land known as the Lee Property (addition to Foothills Park Foothills
Nature Preserve) as delineated and described in Exhibit A‐9.3 attached hereto is hereby
reserved for park, playground, recreation or conservation purposes.
22.08.410 Lee Property ‐ Addition to Foothills Park Foothills Nature Preserve.
That certain parcel of land known as the Lee Property (addition to Foothills Park Foothills
Nature Preserve), as delineated and described in Exhibit A‐28 and attached hereto, is hereby
reserved for park, playground, recreation or conservation purposes.
SECTION 6. Exhibits A‐9, Including A‐9.1 through A‐9.3, and A‐28 of Chapter 22.08 (Park
Dedications) of Title 22 (Parks) are hereby amended as follows:
EXHIBIT A‐9 FOOTHILLS PARK FOOTHILLS NATURE PRESERVE (formerly Foothills Park)
All of that certain 1194.05 acre tract of land described in Exhibits B through H in that certain
Lease Agreement between Russell V. Lee et ux. to the City of Palo Alto recorded December 10,
1958; in Book 4254 of Official Records at pages 695 et seq., records of Santa Clara County,
California.
EXHIBIT A‐9.1 LEE PROPERTY ‐ ADDITION TO FOOTHILLS PARK FOOTHILLS NATURE PRESERVE
Situate in the city of Palo Alto, County of Santa Clara, State of California, described as follows:
Beginning at a point in the northwesterly line of that certain 200‐acre, more or less, parcel
excepted in the Deed from Russell V. Lee, et ux., to the City of Palo Alto, dated December 9,
1958 and recorded in Book 4254 of Official Records at page 720, Records of Santa Clara County,
California, distant along said line S. 69 degrees 10 minutes W. 920 feet from an iron pipe which
pipe bears N. 75 degrees 15 minutes 30 seconds W. 307.05 feet from an iron pipe set in the
center line of Page Mill Road; thence S. 20 degrees 50 minutes E. 2800 feet, more or less, to a
point on the southeasterly line of the Rancho El Corte de Madera; thence S. 15 degrees 12
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minutes W. along said Rancho line 1350 feet, more or less, to the center line of Los Trancos
Creek; thence northwesterly along the center line of Los Trancos Creek to a point which bears S.
69 degrees 10 minutes W. 10 feet, more or less, from an iron pipe set in the bank of said Creek;
thence N. 69 degrees 10 minutes E. along the northwesterly line of said parcel excepted in said
Deed from Lee to City 2090 feet, more or less, to the point of beginning, containing 140 acres,
more or less, and being a portion of the Rancho El Corte de Madera.
EXHIBIT A‐9.2 LEE PROPERTY ‐ ADDITION TO FOOTHILLS PARK FOOTHILLS NATURE PRESERVE
Situate in the City of Palo Alto, County of Santa Clara, State of California, described as follows:
Beginning at a point on the southeasterly line of Rancho El Corte de Madera, said point being
in the center line of Page Mill Road, said point also being the most easterly corner of that
certain 200‐acre, more or less, tract of land excepted in the Deed from Russell V. Lee, et ux., to
the City of Palo Alto, dated December 9, 1958, and recorded in Book 4254 of Official Records at
Page 720, Records of Santa Clara County, California; thence westerly along the center line of
Page Mill Road and the northerly line of said excepted tract 700 feet, more or less, to an iron
pipe; thence continuing along the boundary line of said excepted tract N. 75 degrees 05
minutes 30 seconds W. 307.05 feet to an iron pipe; thence, continuing along the northwesterly
boundary line of said excepted tract, S. 69 degrees 10 minutes W. 920 feet: thence leaving said
boundary line, S. 20 degrees 50 minutes E. 2800 feet, more or less, to a point on said Rancho
line; thence N. 15 degrees 12 minutes E. along said Rancho line 2850 feet, more or less, to the
point of beginning, containing 60 acres, more or less, and being a portion of said Rancho El
Corte de Madera.
EXHIBIT A‐9.3 LEE PROPERTY ‐ ADDITION TO FOOTHILLS PARK FOOTHILLS NATURE PRESERVE
Situate in the City of Palo Alto, County of Santa Clara, State of California, described as follows:
Beginning at an iron pipe set in the boundary line of that certain 234.172 acre parcel of land
delineated upon a map entitled "Record of Survey of a portion of the Lands of Dorothy W. and
Russell V. Lee" and recorded September 10, 1957 in Book 86 of Maps at page 17, Records of
Santa Clara County, California, which iron pipe bears S. 74 degrees 42 minutes 11 seconds W.
2392.51 feet from the most easterly comer of said 234.172 acre parcel of land; thence N. 81
degrees 01 minutes 32 seconds W. 54.00 feet to an iron pipe which marks the true point of
beginning; thence N. 82 degrees 01 minutes 26 seconds W. 433.00 feet to an iron pipe; thence
S. 11 degrees 19 minutes 26 seconds W. 178.17 feet; thence S. 39 degrees 11 minutes 58
seconds W. 123.70 feet to an iron pipe; thence S. 69 degrees 28 minutes 33 seconds W. 267.84
feet to an iron pipe; hence S. 69 degrees 59 minutes 52 seconds W. 333.78 feet to an iron pipe;
thence S. 61 degrees 31 minutes 34 seconds W. 468.48 feet to an iron pipe; thence N. 81
degrees 03 minutes 10 seconds W. 122.62 feet to an iron pipe; thence in a straight line
southwesterly 60 feet, more or less, to a fence post marking a comer in the northwesterly
boundary line of the lands of the City of Palo Alto known as "Foothills Park," as said lands are
described in "Exhibit A" of the agreement between said City and Russell V. Lee and Dorothy
Womack Lee, dated December 8, 1958 and recorded December 10, 1958 in Book 4254 at page
695, et seq., Official Records of said County; thence following said boundary line of Foothills
Park the following courses and distances: S. 62 degrees 29 minutes 02 seconds E. 165 feet,
more or less, to an iron pipe; N. 67 degrees 24 minutes 58 seconds E. 805 feet, more or less, to
an iron pipe; N. 80 degrees 07 minutes 58 seconds E. 204 feet, more or less, to an iron pipe; and
N. 54 degrees 51 minutes 58 seconds E. 675 feet, more or less, to the true point of beginning,
containing 5.60 acres, more or less, and being a portion of the Rancho El Corte de Madera.
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EXHIBIT A‐28 LEE PROPERTY ‐ ADDITION TO FOOTHILLS PARK FOOTHILLS NATURE PRESERVE
Beginning at a 3/4‐inch iron pipe at the northeasterly corner of that certain tract of land
described in the deed from Russell V. Lee, et ux, to Richard Stanford Lee, et ux, dated December
30, 1956, and recorded December 3, 1956 in Book 3696 of Official Records at page 382, Records
of Santa Clara County, California;
Thence S. 15° 24' 19" E. along the easterly line of said tract 1083.65 feet;
Thence S. 72° 08' 48" W. 595.53 feet;
Thence S. 38° 48' 32" W. 179.00 feet;
Thence 48" W. 593.53 feet;
Thence S. 12° 01' 23" E. 488.00 feet;
Thence 32° 25' 26" W. 229.44 feet to an iron pipe marking the southwest corner of a quarry,
said last‐named corner being the True Point Of Beginning;
Thence S. 68° 17' 19" E. 1048.00 feet to an iron pipe;
Thence 57° 28' W. 60 feet, more or less, to a fence post marking a corner in the northwesterly
boundary line of the lands of the City of Palo Alto known as “Foothills Park”, as said lands are
described in "Exhibit A" of the agreement between said City and Russell V. Lee and Dorothy
Womack Lee, dated December 8, 1958 and recorded December 10, 1958 in Book 4254 of
Official Records at page 695, et seq., Records of said County;
Thence following said boundary line of Foothills Park S. 57° 28' W. (called 55° 54' W. in said
"Exhibit A") 435.35 feet;
Thence leaving said park boundary, N. 32° 32' W. 5.00 feet;
Thence N. 64° 09' W. 263.50 feet;
Thence N. 71° 21' W. 117.50 feet;
Thence N. 29° 16' E. 246.32 feet to the True Point Of Beginning, containing 7.70 acres, more
or less, and being a portion of the Rancho El Corte De Madera.
SECTION 7. If any section, subsection, sentence, clause, or phrase of this Ordinance is for any
reason held to be invalid or unconstitutional by a 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 would have passed this Ordinance and each
and every section, subsection, sentence, clause, or phrase not declared invalid or
unconstitutional without regard to whether any portion of the Ordinance would be
subsequently declared invalid or unconstitutional.
SECTION 8. The Council finds that adoption of this Ordinance is exempt from the California
Environmental Quality Act pursuant to CEQA Guidelines Sections 15301 (Existing Facilities) and
15323 (Normal Operations of Facilities for Public Gatherings).
//
//
//
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SECTION 9. This Ordinance shall be effective on the thirty‐first date after the date of its
adoption.
INTRODUCED:
PASSED:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
NOT PARTICIPATING:
ATTEST:
____________________________ ____________________________
City Clerk Mayor
APPROVED AS TO FORM: APPROVED:
____________________________ ____________________________
City Attorney City Manager
____________________________
Director of Community Services
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Subject: Please DocuSign: At Place Memo for #6 Ordinance Amending PAMC Chapters 6.12, 9.64, 22.04, and 2...
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250 Hamilton Ave
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City of Palo Alto (ID # 11666)
City Council Staff Report
Report Type: Action Items Meeting Date: 11/2/2020
City of Palo Alto Page 1
Summary Title: Construction Cameras & Parking Guidance System
Surveillance Policy Approval
Title: Approval of a Surveillance Policy for and use of Construction Cameras
at the California Avenue Parking Garage and Highway 101 Pedestrian/Bicycle
Overpass Construction Projects, and of a Surveillance Policy for and use of a
Parking Guidance System, in Accordance With the Surveillance and Privacy
Protection Ordinance (Continued From September 21, 2020)
From: City Manager
Lead Department: Public Works
Recommendation
Staff recommends that Council:
1. Approve the surveillance policy and use of the construction video cameras for the
California Avenue Parking Garage and Highway 101 Pedestrian/Bicycle Overpass
construction projects, which will be used to share progress on the construction with
staff and residents and create a time-lapse video at the end of each project; and
2. Approve the surveillance policy and use of a parking guidance system (PGS) for the
California Avenue Parking Garage and future installations at other City-owned parking
garages and lots.
Updates to Report
These surveillance policies were included on the City Council consent agenda for September 21,
2020. Council members DuBois, Kou, and Filseth asked for them to be discussed as an action
item at a future date. Staff has since strengthened the policy for the parking guidance system to
clarify that personally identifiable information, such as license plates, will not be processed or
retained by the system and to specify the City staff classifications that will have access to the
data.
Background
In September 2018, Council adopted a Surveillance and Privacy Protection Ordinance outlining
CITY OF
PALO
ALTO
City of Palo Alto Page 2
procedures and reporting requirements for protecting personal privacy and use of surveillance
technologies (SR #8834). The ordinance addresses technologies of concern today while allowing
for the inclusion of new surveillance technologies that may be developed in the future. The
ordinance also establishes a reporting and approval process that increases transparency
without compromising public safety, limiting local control, or requiring additional resources.
Discussion
In December 2018, Council approved a construction contract with Swinerton Builders for the
new California Avenue Garage project (SR #9688). The contract included the procurement and
installation of a webcam to document day-to-day construction progress of the garage project.
At the time, staff determined that the construction webcam did not constitute a surveillance
technology under the surveillance and privacy protection ordinance, and that PAMC
§2.30.680(c)(1) excludes any technology that collects information exclusively on or regarding
City employees or contractors. After reviewing screenshots of the footage, it was determined
there is a potential for the camera to capture images of non-employees/non-contractors.
Similarly, the construction camera for the Highway 101 bike bridge was purchased and installed
at the beginning of that construction project. In accordance with the surveillance ordinance, an
evaluation of the construction camera technology is provided below, and a policy relating to
the construction cameras was developed and is provided at Attachment A.
Additionally, procurement and installation of a parking guidance system was included in the
construction contract for the California Avenue Garage project. The Indect Parking Guidance
System uses camera-sensor technology to identify which parking spaces are vacant or full.
However, the system is capable of capturing license plate information, and accordingly, an
evaluation of the parking guidance system technology is provided below. A policy relating to
the system was developed and is provided in Attachment B, with the City’s use of the system
limited to parking guidance only without reading license plates.
Per the ordinance, “surveillance technology” means any device or system primarily designed
and used or intended to be used to collect and retain, audio, electronic, visual, location, or
similar information constituting personally identifiable information associated with any specific
individual or group of specific individuals, for the purpose of tracking, monitoring or analysis
associated with that individual or group of individuals. Examples of surveillance technology
include but are not limited to; drones with cameras or monitoring capabilities, automated
license plate readers, closed-circuit cameras/televisions, cell-site simulators, biometrics-
identification technology, and facial recognition technology.
The ordinance requires at a minimum the following information to be provided:
▪ A detailed description of the technology with an explanation of how it works and what
information it captures;
▪ Statutory and/or regulatory rules governing use of the technology;
▪ Measures that will be taken to protect private information;
▪ How data will be managed and retained; and,
City of Palo Alto Page 3
▪ Existing and/or recommended City administrative policies and procedures regarding use
of the technology and the information it produces.
Surveillance Evaluation – Construction Cameras
1. A description of the surveillance technology, including how it works and what
information it captures
a. The California Avenue Parking Garage project construction webcam (Oxblue
https://www.oxblue.com/) and the Highway 101 Pedestrian/Bicycle Overpass
construction webcam (EarthCam https://www.earthcam.net/) capture real-time
imagery of the construction sites for progress monitoring and creation of time-
lapse videos.
2. Information on the proposed purpose, use and benefits of the surveillance technology
a. The purpose is to monitor the garage construction progress and ultimately
create a time-lapse video of the work to share progress on the construction
projects with staff and residents. The benefits of this are to capture key
milestones and keep stakeholders up to date as the projects progress.
3. The location where the surveillance technology may be used
a. The camera is positioned on top of the building at 385 Sherman Avenue with a
wide view of the California Avenue Parking Garage construction site at 350
Sherman Avenue.
b. The camera is attached to a street light pole on East Bayshore Road, north of the
Highway 101 Pedestrian/Bicycle Overpass project site with a wide view of the
construction site.
4. Existing federal, state, and local laws and regulations applicable to the surveillance
technology and the information it captures; the potential impacts on civil liberties and
privacy; and proposals to mitigate and manage any impacts
a. There are no known federal, state, local laws, and regulations other than the
City’s Surveillance Technology ordinance and the Public Records Act. Data from
the construction cameras may constitute public records subject to disclosure,
and, where retained, will be retained per the City’s records retention policy.
b. Regarding the potential impacts on civil liberties and privacy, it is possible that
the camera will capture images of non-employees/non-contractors.
c. Mitigation of the potential of the camera to capture images, as immediately
above, shall be accomplished by the location of the camera such that it is hard to
convey any personally identifying features. The camera only posts images every
15 minutes. This further obfuscates the exact public activities taking place in the
photos. There are no technologies available to prevent digital copying of the
posted website images.
5. The data will be managed and retained on the California Avenue Parking Garage and
City of Palo Alto Page 4
Bike Bridge project websites and stored on the City’s servers. The time-lapse video is
also stored in the vendors’ cloud-based data storage indefinitely and can be removed at
any time if requested by the City. The policy requires staff to request removal upon
completion of the projects.
6. Existing and or recommended City administrative policies and procedures regarding use
of the technology and the information it produces
a. There are no existing or recommended policies or procedures regarding use of
the construction webcam.
7. The costs for the surveillance technology, including acquisition, maintenance, personnel,
and other costs, and current or potential of funding
a. The cost of the California Avenue Garage and Highway 101 Pedestrian/Bicycle
Overpass cameras was $1,500 and $16,000, respectively. This cost included
procurement and installation of the camera as well as the webpage hosting
during construction.
The intent of the webcams is to share progress on the construction projects with staff and
residents. Given the limited potential of personally identifiable information being captured by
the camera and the measures detailed above, staff recommends approving the use of the
cameras. The surveillance policy for the construction cameras is included in Attachment A.
Surveillance Evaluation – Parking Guidance System
1. A description of the surveillance technology, including how it works and what information it
captures
a. The Indect Parking Guidance System (PGS) installation utilizes camera-based sensors
to provide parking guidance and management tools. While the technology has a
variety of automobile locating and tracking features, the PGS will initially be set up
only to indicate and track parking availability, with system data housed in a secured
on-site server. In this case, the system will be set up to track stall usage only,
without retaining, acquiring, or retaining any license plate information, indicating
with colored lights stall availability. The camera-sensor will be utilized only to
register whether a parking stall is occupied or not. In the future, the Office of
Transportation may bring forward options for utilizing License Plate Recognition
(LPR) capabilities or other enhancements for separate review by Council.
Additionally, Indect will complete a Vendor Information Security Assessment (VISA).
The VISA process documents vendors' security practices, previous data breaches,
compliance with industry standards, and disaster preparedness. The process
includes documenting vendor policies regarding passwords, encryption, log
monitoring, system and application patching, physical security, and other details
depending on services provided. This process ensures that the technology is set up
according to City standards.
City of Palo Alto Page 5
2. Information on the proposed purpose, use and benefits of the surveillance technology
a. The PGS is primarily intended to improve the parking experience for customers
seeking open and available spaces via a digital and customizable, wayfinding system
consisting of overhead mounted lights and signage. The system also provides
customers space availability on various floors of the new garage.
3. The location where the surveillance technology may be used
a. The Indect PGS will be utilized at the California Avenue garage at 350 Sherman
Avenue, as well as other public garages and lots where the system is planned to be
installed in the coming year.
4. Present federal, state, and local laws and regulations applicable to the Surveillance
Technology and the information it captures; the potential impacts on civil liberties and
privacy; and proposals to mitigate and manage any impacts
a. There are no known federal, state, local laws, and regulations other than the City’s
Surveillance Technology ordinance and the Public Records Act. Data from the
parking guidance system may constitute public records subject to disclosure, and,
where retained, will be retained per the City’s records retention policy.
b. Camera sensor data will only be utilized to log parking stall information and data, to
communicate parking availability, and to quantify parking occupancy rates. LPR will
not be enabled until addressed separately by the Office of Transportation and
Council.
c. Regarding the potential impacts on civil liberties and privacy, camera sensor data
images will initially be used only for parking wayfinding guidance and parking space
availability monitoring.
5. All data downloaded to City equipment and in storage shall be accessible only through a
login/password-protected system capable of documenting all access of information by
name, date, and time (Civil Code § 1798.90.52). Staff and/or contractors approved to access
PGS data will only be permitted to access the data for legitimate Office of Transportation
purposes. PGS system audits will be conducted yearly and will report who has accessed
what types of data and why. Parking availability data is the only type of data to be retained.
6. Existing and or recommended City administrative policies and procedures regarding use of
the technology and the information it produces
a. There are no existing or recommended policies or procedures regarding use of
parking guidance systems.
7. The costs for the surveillance technology, including acquisition, maintenance, personnel,
and other costs, and current or potential of funding.
a. The cost of the PGS for the California Avenue Garage was $337,000 and installation
and setup were included in the construction contract. Annual maintenance is
expected to be approximately $20,000.
City of Palo Alto Page 6
The intent of the parking guidance system is to improve parking management strategies for
improved customer satisfaction, as well as to improve cost effectiveness and operational
efficiencies. Given the limited potential of personally identifiable information being transmitted
or shared by this technology (as the initial setup will not retain any images or license plate
data), its limited and purposely narrowed applicability to parking availability analysis, combined
with data security and non-retention practices, staff recommends approving the use of the
Indect PGS. The surveillance policy for the parking guidance system is included in Attachment B.
Resource Impact
Funding for the construction camera and parking guidance system is included in the California
Avenue Parking Garage Project Capital Improvement Program (CIP) Project PE-18000. Funding
for the construction camera was included in the Highway 101 Pedestrian/Bicycle Overpass CIP
Project PE-11011. No additional funding is required.
Policy Implications
This project does not represent any changes to existing City policies.
Stakeholder Engagement
No stakeholder engagement was completed for the purchase and use of the construction
cameras or parking guidance system.
Environmental Review
Approval of this camera does not constitute a project and is exempt from the requirements of
California Environmental Protection Act (CEQA) pursuant to Section 15061(b)(3).
Attachments:
• Attachment A - Surveillance Use Policy for Construction Cameras
• Attachment B - Surveillance Use Policy for the Parking Guidance System
ATTACHMENT A
Draft
Surveillance Use Policy for the Construction Cameras for the California Avenue Garage and
Highway 101 Pedestrian/Bicycle Overpass Projects
In accordance with Palo Alto Municipal Code section PAMC 2.30.680(d), the Surveillance Use
Policy for construction cameras for the California Avenue Garage and Highway 101 Pedestrian/
Bicycle Overpass projects is as follows.
1. Intended purpose of technology. The intended purpose of the construction webcams
for the California Avenue Garage and Highway 101 Pedestrian/Bicycle Overpass projects is to
monitor construction progress and create a time-lapse video for each project of the
construction work in order to share progress on the construction projects with staff and
residents. The plan is to share such videos on the City’s project websites.
2. Authorized uses of the information. The uses that are authorized are activities
promoting knowledge and information about the progress of the construction projects. The
uses that are prohibited are unauthorized direct access to, modification, deletion or use of the
data and any use that violates applicable laws, regulations or policies.
3. Information collected by the technology. The information collected by the construction
webcams consists of the capture of still images at approximately 15-minute intervals to
facilitate the creation of time-lapse videos. The construction cameras may also inadvertently
capture images of non-employees/non-contractors (including members of the public) passing
by the construction site for example on the street or sidewalk.
4. Safeguards. The safeguards that protect information from unauthorized access, include
camera installations in an inaccessible location to the public. The video link will be added to the
City’s website and users will only be able to look at the current view or time-lapse videos. Users
will be unable to change the camera angle. Once construction is complete, the camera will be
removed and the footage will be kept in a City network folder with limited access by City staff.
The time-lapse video is also stored in the vendors’ cloud-based data storage indefinitely and
can be removed if requested by the City.
5. Information retention. Information collected by the construction webcams will be
retained in accordance with the City’s records retention policy. The City may remove the time-
lapse videos from the project websites, and the vendor’s cloud-based data storage, at any time.
6. Access to information outside City. Non-city entity access or use of the online-posted
video images includes anyone who visits the project websites. There will be no non-city direct
access to the camera footage, which will be stored on City servers. The conditions and
rationales for sharing information as described in this policy are to monitor and share progress
on the construction. Staff will review with the vendor their cloud security measures to ensure
they are commercially reasonable. Data from the construction cameras may constitute public
records subject disclosure under public records law.
7. Procedures to ensure compliance. Procedures to ensure compliance with this policy
are to monitor website usage and City staff can remove the time-lapse videos at any time.
Once construction is complete, the camera will be removed and the footage will be kept in a
City network folder with limited access by City staff. City staff will direct the vendor to securely
delete all of the data from its cloud once project construction is complete, the cameras are
taken down, and the City has confirmed that it has all of the data in readable format. City will
request that the vendor confirm the secure deletion in writing.
ATTACHMENT B
DRAFT
Surveillance Use Policy for the
Parking Guidance System (PGS) Technology
for City Parking Facilities
In accordance with Palo Alto Municipal Code (PAMC) Section 2.30.680(d), the Surveillance Use
Policy for the use of technology related to the parking guidance system (PGS) is as follows.
1. Intended purpose of technology. The parking guidance system (PGS) is a suite of
equipment, hardware and software (provided by Indect USA Corporation, known as
“Indect”), that provides for several features that can be integrated with current and future
parking capabilities, including license plate recognition, car locating and custom signage.
This installation includes camera-based sensors that each monitor up to 6 spaces, indicating
with light emitting diode (LED) lights parking availability, for improved customer parking
experience. This installation will also provide reliable parking availability data for parking
management purposes. It was selected with the ability to add license plate reader (LPR)
technology (for additional enforcement and management tools) but will function without
acquiring or retaining any license plate information until the City Council has separately
reviewed an LPR surveillance technology evaluation and policy, which the Office of
Transportation will bring forward at a future Council meeting.
2. Authorized uses of the information. The information collected by the PGS will be used only
for the purposes of monitoring parking availability in City parking facilities and
communicating parking availability to customers and users of the application.
3. Information collected by the technology. The PGS technology, upon initial setup, will only
collect stall usage data to tabulate and provide parking availability information. Personally
identifying information, including video and images, will not be retained.
4. Safeguards and Compliance Procedures. The safeguards that protect information from
unauthorized access, include encryption, access-control, and access oversight mechanisms,
as applicable. City staff (limited to the Chief Transportation Official, Parking Manager and
Parking Operations Lead) and contractors accessing PGS data will utilize physical access
controls, computer application permission controls, and other technological, administrative,
procedural, operational, and personnel security measures to record who has accessed PGS
data, the time and date of access, and reason for access, to protect the data from
unauthorized access, destruction, use, modification or disclosure. All data downloaded to
City equipment and in storage shall be accessible only through a login/password-protected
system capable of documenting all access of information by name, date and time (Civil Code
§ 1798.90.52). Only parking stall data will be saved, with personally identifiable images of
vehicles, license plates, or persons immediately discarded until Council considers the LPR
technology more fully and approves an LPR-specific surveillance policy (Office of
Transportation to bring forward an LPR technology surveillance evaluation and policy in the
future). PGS system audits, tracking who has accessed what types of data and why, will be
reported yearly.
5. Information retention. Camera sensor images will not be retained. Only information on
stall occupancy will be retained, which will be done in accordance with the City’s records
retention policy.
6. Access to information outside City. Retained stall occupancy data will be viewed by City
personnel and by City contractors on an as-needed basis (i.e., as required to perform
contracted services). No other entities will have access to the information. Data from the
parking guidance system may constitute public records subject to disclosure under public
records law.
7. Compliance Procedures. Compliance procedures are detailed in association with the
safeguards described in Section 4 above. A Vendor Information Security Assessment (VISA)
for Indect will also be completed and kept on file. The VISA process documents vendors'
security practices, previous data breaches, compliance with industry standards, and disaster
preparedness. The process includes documenting vendor policies regarding passwords,
encryption, log monitoring, system and application patching, physical security, and other
details depending on services provided. This process ensures that the technology is set up
according to City standards.
City of Palo Alto (ID # 11031)
City Council Staff Report
Report Type: Informational Report Meeting Date: 11/2/2020
City of Palo Alto Page 1
Summary Title: Investment Activity Report
Title: City of Palo Alto Investment Activity Report for the First Quarter, Fiscal
Year 2021
From: City Manager
Lead Department: Administrative Services
Background
The City’s investment policy requires that staff report to Council quarterly on the City’s
portfolio composition and performance compared to the Council-adopted Investment Policy
and discuss overall compliance with the City’s Investment Policy. In addition, staff provides a
detailed list of all securities and report on the City’s ability to meet expenditure requirements
over the next six months. This report is to inform Council of the City’s investment portfolio
performance as of the first quarter ending September 30, 2020 and to disclose staff’s cash flow
projections for the next six months.
Discussion
The City’s investment portfolio is summarized in Graph 1 and detailed in the Investments by
Fund Report (Attachment B). The Investments by Fund Report groups the portfolio’s securities
by investment type and includes details of the investment issuer, date of maturity, current
market value, the book and face (par) value, and the weighted average maturity of each type of
investment and of the entire portfolio.
City of Palo Alto Page 2
The par value of the City’s portfolio is $536.8 million; in comparison, last quarter it was $554.3
million. The $17.5 million portfolio decline since the last quarter results from the prepayment
of the City’s Fiscal Year 2020 Unfunded Accrued Liability (UAL) pension cost for active
employees to the Public Employers’ Retirement System (PERS) totaling $33.5 million. By
prepaying PERS instead of making payments with each payroll period, the City expects savings
of $1.15 million in PERS payments; however, this savings will be partially offset by the loss of
approximately $297 thousand in interest income in the City’s portfolio. The net citywide savings
of prepaying the UAL cost is $855 thousand. The saving is a consequence of PERS’ ability to earn
interest earlier and at a higher rate than the City’s portfolio could realize. Without this
prepayment, the portfolio in the first quarter would have increased by $16 million, though due
to COVID-19 impacts the story is more complex.
Compared to the same quarter of last year, cash receipts are down by $13.6 million or 9.7
percent and cash disbursements are down by $9.5 million or 6.1 percent with the net cash
receipt being down by $14.8 million. Part of this activity is due to timing: differences such as
the COP bonds reimbursement of $12.4 million for the construction of the California Avenue
Parking garage, two-thirds, or $8.2 million, of these costs occurred in the prior quarter with
reimbursement occurring in the report or first quarter.
The portfolio consists of $75.0 million in liquid accounts and $461.8 million in various
investment types as detailed in the following Table 1. The investment policy requires that at
least $50 million be maintained in securities maturing in less than two years. The portfolio
includes $135.2 million in investments maturing in less than two years, comprising 25.2 percent
of the City’s investment portfolio. In addition, the Investment Policy allows up to 30 percent of
City of Palo Alto Page 3
the portfolio to be invested in securities with maturities beyond five years; actual at the end of
the second quarter is 24.4 percent of the portfolio.
Table 1:
Up to 1
Year
1 to 2
Years
2 to 3
Years
3 to 5
Years
Over
5 Years
Portfolio
Total *
% of
Portfolio
U.S. Treasury -$ 3.0$ 7.5$ -$ -$ 10.5$ 2.0%
U.S. Agency Bonds 28.0 32.1 32.6 60.9 64.1 217.7 40.6%
U.S. Municipal/ State Bonds 27.6 14.7 13.8 35.4 66.0 157.5 29.4%
Negotiable Certificates of Deposits (NCD)6.6 10.9 5.6 12.4 0.7 36.2 6.7%
U.S. Corporate Bonds 9.9 0.9 0.6 9.7 - 21.1 3.9%
Supranational Organizations Bonds - 1.5 2.5 14.8 - 18.8 3.5%
Liquid Accounts (LAIF & Fidelity)75.0 - - - - 75.0 14.0%
Grand Total 147.1$ 63.1$ 62.6$ 133.2$ 130.8$ 536.8$ 100%
% of Portfolio 27.4%11.8%11.7%24.8%24.4%100.0%
* $31.4 million or 5.9 percent are in investments that support Environmental, Social, and Governace (ESG) Activities
(aka "Green" and Supranational Bonds)
Maturities - Par Value (millions)
Investment Type
The current market value of the portfolio is 102.9 percent of the book value. The market value
of securities fluctuates, depending on how interest rates perform. When interest rates
decrease, the market value of the securities in the City’s portfolio will likely increase; likewise,
when interest rates increase, the market value of the securities will likely decrease.
Understanding and showing market values is not only a reporting requirement, but essential to
knowing the principal risks in actively buying and selling securities. It is important to note,
however, that the City’s practice is to buy and hold investments until they mature so changes in
market price do not affect the City’s investment principal. The market valuation is provided by
Union Bank of California, which is the City’s safekeeping agent. The average life to maturity of
the investment portfolio is 3.57 years compared to 3.54 years last quarter.
Investments Made During the First Quarter
During the first quarter, $61.3 million of securities with an average yield of 1.9 percent
matured. During the same period, per the following Table 2, government securities totaling
$64.2 million with an average yield of 0.8 percent were purchased. The expectation is interest
rates and the City’s portfolio’s average yield will decline. The City’s short-term money market
and pool account decreased by $20.4 million compared to the fourth quarter of Fiscal Year
2020. Staff continually monitors the City’s short-term cash flow needs and adjusts liquid funds
to meet them.
City of Palo Alto Page 4
Table 2:
Up to 1
Year
1 to 2
Years
2 to 3
Years
3 to 5
Years
Over
5 Years
Portfolio
Total *
% of
Purchase
U.S. Agency Bonds -$ -$ -$ 38.6$ 16.5$ 55.1$ 85.8%
U.S. Municipal/ State Bonds - - - - 3.6 3.6 5.6%
Negotiable Certificates of Deposits (NCD)- - - 2.0 - 2.0 3.1%
U.S. Corporate Bonds - - - 3.5 - 3.5 5.5%
Grand Total -$ -$ -$ 44.1$ 20.1$ 64.2$ 100%
% of Purchase 0.0%0.0%0.0%68.7%31.4%100.1%
Investment Type
2021 Q1 Security Purchases - Par Value (millions)
Availability of Funds for the Next Six Months
Normally, the flow of revenues from the City’s utility billings and General Fund sources is
enough to provide funds for ongoing expenditures in those respective funds. Projections
indicate receipts will be $262.5 million and expenditures will be $253.5 million over the next six
months, indicating an overall growth in the portfolio of $9.0 million.
As of September 30, 2020, the City had $75.0 million deposited in the Local Agency Investment
Fund (LAIF) and a money market account that could be withdrawn on a daily basis. In addition,
investments totaling $33.0 million will mature between October 1, 2020 and March 31, 2021.
Based on the above and staff’s revenue and expenditure forecast for the next six months, staff
is confident that the City will have more than enough funds or liquidity to meet expenditure
requirements for the next six months.
Compliance with City Investment Policy
During the first quarter, staff complied with all aspects of the investment Policy. Attachment C
lists the major restrictions in the City’s investment policy compared with the portfolio’s actual
performance.
Investment Yields
Interest income on an accrual basis for the first quarter was $2.6 million. As of September 30,
2020, the yield to maturity of the City’s portfolio was 1.85 percent. In the first quarter, LAIF’s
average yield was 0.80 percent while the average yield on the two-year and five-year Treasury
bonds was approximately 0.14 percent and 0.27 percent, respectively. The declining interest
rate is expected to continue the decrease in the portfolio’s yields. Historically, the City’s
portfolio yield has outperformed the two-year and five-year Treasury bond rates and did so
again starting over a year ago; this is an expected occurrence during economic downturns. As
the City’s laddered portfolio investments mature in the next year or two, funds are expected to
be reinvested, mostly in lower yielding securities compared to the yield on the matured
investments. Graph 2 shows the City’s yields and interest earnings for the past 19+ years.
City of Palo Alto Page 5
5.79%
4.19%City of Palo Alto
4.41%
2.91%
1.93%
1.85%
2 Yr. Treasury
0.14%
5-Yr. Treasury
0.27%
LAIF
0.80%
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
0%
1%
2%
3%
4%
5%
6%
Int. Earnings
(Millions)Yields
Fiscal Year Quarters
Graph 2: Yields and Interest Earnings
City’s portfolio duration is 3.57 years.
Yield Trends
The Federal Open Market Committee (FOMC) in March 2020, did its first emergency and
unscheduled federal fund rate cut since 2008, by 0.50 percent (aka 50 basis points) then again
two weeks later by 0.75 percent to 0.25 percent. Table 3 below shows this and past such rate
cuts. In addition, the FOMC put trillions of dollars into the financial system through bond
purchases and launched numerous emergency lending facilities to keep businesses afloat.
In September 2020, even with economic activity and employment improving but being below
from the beginning of the year, the FOMC left interest rates near zero and signaled they would
hold them for at least three years to help the U.S. economy recover from the COVID-19
pandemic. Again, they committed to delay raising rates until the U.S. gets back to maximum
employment and 2 percent inflation.
The economy has partly recovered from the steepest downturn on record with some sectors
like housing doing well, but COVID-19 continues to take a toll in American lives, unemployment
remaining high and industries like hospitality and travel are depressed.
City of Palo Alto Page 6
Table 3: Emergency FOMC Rate Cuts (2001-2020)
# Date Size of Cut Event
1 Jan. 2001 0.50% Dotcom Bubble
2 Apr. 2001 0.50% Weak Economy
3 Sept. 2001 0.50% 9/11 Terrorist Attack
4 Aug. 2007 0.75% Housing Bubble
5 Jan. 2008 0.50% Stock Market Crash
6 Oct. 2008 0.50% Lehman Collapse
7 Mar. 3, 2020 0.50% Coronavirus Pandemic
8 Mar. 15, 2020 0.75% Coronavirus Pandemic
Source: Piper Sandler and Federal Reserve
Funds Held by the City or Managed Under Contract
Attachment A is a consolidated report of all City investment funds, including those not held
directly in the investment portfolio. These include cash in the City’s regular bank account with
US Bank and Wells Fargo. A description of the City’s banking relationships can be found in City
Council Staff Report ID # 7858 and ID # 11402. The bond proceeds, reserves, and debt service
payments being held by the City’s fiscal agents are subject to the requirements of the
underlying debt indenture. The trustees for the bond funds are U.S. Bank and California Asset
Management Program (CAMP). Bond funds with U.S. Bank are invested in federal agency and
money market mutual funds that consist exclusively of U.S. Treasury securities. Bond funds in
CAMP are invested in banker’s acceptance notes, certificates of deposit, commercial paper,
federal agency securities, and repurchase agreements. The most recent data on funds held by
the fiscal agent is as of September 30, 2020.
In January 2017, the City established a Section 115 Irrevocable Trust (Public Agencies Post-
Employment Benefits Trust) administered by Public Agency Retirement Services (PARS). This
fund is not governed by the City’s Investment Policy; however, it is discussed in this report for
administrative ease. It is the City’s intent to prefund pension costs and began to address the
Net Pension Liabilities (NPL) as calculated by Governmental Accounting Standards Board
Pronouncement No. 68 (GASB 68). The Section 115 Trust offered by PARS has five portfolios
from which to choose in making investments of City funds. The City has selected the
“Moderately Conservative” portfolio which is the second most conservative. Additional
information on this trust can be found in City Council Staff Report ID # 7553. Through
September 30, 2020, principal investment contributions of $27.25 million have grown to $29.32
million and the net return for one and three year has been 6.80 percent and 5.10 percent.
Fiscal Impact
This is an information report.
City of Palo Alto Page 7
Environmental Review
This information report is not a project under the California Environmental Quality Act;
therefore, an environmental review is not required.
Attachments:
• Attachment A: Consolidated Report of Cash Management
• Attachment B: Investment Portfolio
• Attachment C: Investment Policy Compliance
Book Value Market Value
City Investment Portfolio (see Attachment B)543,718,662$ 559,705,157$
Other Funds Held by the City
Cash with Wells Fargo Bank 443,104 443,104
(includes general and imprest accounts)
Cash with US Bank 3,104,305 3,104,305
(includes general and imprest accounts)
Petty/Working Cash 12,478 12,478
Total - Other Funds Held By City 3,559,887 3,559,887
Funds Under Management of Third Party Trustees *
Debt Service Proceeds
US Bank Trust Services **
1995 Utility Revenue Bonds
Debt Service Fund 5 5
1999 Utility Revenue Bonds
Debt Service Fund 2 2
2007 Utility Revenue Bonds
Debt Service Fund 15 15
2009 Water Revenue Bonds (Build America Bonds)
Debt Service and Reserve Funds 2,598,300 2,598,300
2010 General Obligation (Library) Bond
Debt Service and Escrow Funds 3 3
2011 Utility Revenue Refunding Bonds
Debt Service and Reserve Funds 906,014 906,014
2012 University Ave. Parking Refunding Bonds
Reserve and Escrow Funds 1,759,107 1,759,107
2013 General Obligation (Library) Bond
Escrow Funds 3,028,380 3,028,380
2018 Capital Improvement (Golf Course & 2002B COP Refinance)
(Taxable- Green Bond) Certificates of Participation
Debt Service and Cost of Issuance Funds 17,994 17,994
2019 California Avenue Parking Garage Certificates of Participation
(Tax-Exempt and Taxable Bonds)
Construction and Cost of Issuance Funds 581,518 581,518
California Asset Management Program (CAMP) ***
2012 University Ave. Parking Refunding Bonds
Reserve Fund 2,702,687 2,702,687
2013 General Obligation (Library) Bond
Reserve Fund 598,157 598,157
Public Agencies Post-Employment Benefits Trust ****
Public Agency Retirement Services (PARS) 29,317,678 29,317,678
Total Under Trustee Management 41,509,860 41,509,860
GRAND TOTAL 588,788,409$ 604,774,904$
* These funds are subject to the requirements of the underlying debt indenture.
** U.S. Bank investments are in money market mutual funds that exclusively invest in U.S. Treasury securities.
*** CAMP investments are in money market mutual fund which invest in bankers acceptance, certificate of deposit,
commercial paper, federal agency securities, and repurchase agreements.
**** PARS investments are in moderately conservative index plus funds
Attachment A
First Quarter, Fiscal Year 2020-21
(Unaudited)
Consolidated Report of Cash Management
City of Palo Alto Cash and Investments
City of Palo Alto City of Palo AltoAdministration Svcs. Dept.
250 Hamilton Ave., 4th Floor
Palo Alto, CA 94301
(650)329-2362
September 30, 2020
Fund ALL - Portfolio Listings
Investments by Fund
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket ValueCUSIPInvestment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
LAIF & Fidelity Cash Accounts
Fidelity Investments158 4,811,427.59SYS158 10.01007/01/2018 4,811,427.59 0.009 0.0104,811,427.59
Local Agency Investment Fund159 70,196,821.15SYS159 10.66007/01/2018 70,541,683.74 0.650 0.66070,196,821.15
Subtotal and Average 75,008,248.74 75,008,248.74 75,353,111.33 0.610 0.618 1
Negotiable Certificates of Deposits
Comenity Capital Bank1959 NCD 245,000.0020033AM86 10/30/2023 1,1243.45010/30/2018 269,475.50 3.404 3.451245,000.00
American Federal Bank1476 NCD 245,000.0002600ADE4 09/30/2022 7292.45009/30/2015 256,277.35 2.418 2.451245,000.00
Allegiance Bank - Texas1844 NCD 245,000.0001748DAW6 09/29/2022 7282.05009/29/2017 254,307.55 2.022 2.051245,000.00
Alpine Bank1525 NCD 245,000.0002082CBG4 08/16/2023 1,0492.40002/16/2016 245,725.20 2.367 2.400245,000.00
American City Bank1692 NCD 245,000.00025140BC7 03/30/2021 1801.45009/30/2016 246,629.25 1.429 1.449245,000.00
American Eagle Bank2124 NCD 249,000.0002554BCN9 05/23/2022 5992.10009/27/2019 257,094.99 1.869 1.895249,814.25
American National Bank1766 NCD 245,000.0002772JAC4 08/04/2021 3072.05004/04/2017 249,069.45 2.023 2.051245,000.00
Aneca Federal Credit Union2298 NCD 249,000.00034577AN6 03/20/2025 1,6311.10003/20/2020 257,510.82 1.085 1.100249,000.00
American State Bank OSCE1805 NCD 245,000.00029733BX9 05/30/2024 1,3372.30005/30/2017 263,156.95 2.270 2.301245,000.00
American Express Centurion Bk1986 NCD 245,000.0002589AA28 12/04/2023 1,1593.55012/04/2018 270,896.50 3.501 3.550245,000.00
Bankers Bank1776 NCD 245,000.0006610RAM1 04/19/2021 2001.90004/19/2017 247,474.50 1.875 1.901245,000.00
Texas Exchange Bank2346 NCD 249,000.0088241THJ2 06/13/2025 1,7161.00006/02/2020 249,209.16 0.986 1.000249,000.00
Bank West1472 NCD 245,000.00063615AX6 09/16/2022 7152.25009/16/2015 255,111.15 2.220 2.251245,000.00
Apex Bank1693 NCD 245,000.0003753XAN0 09/30/2022 7291.70009/30/2016 252,607.25 1.676 1.700245,000.00
Century Next Bank2074 NCD 245,000.00156634AY3 08/30/2024 1,4291.70008/30/2019 258,372.10 1.678 1.701245,000.00
Beneficial Bank1680 NCD 245,000.0008173QBR6 09/13/2021 3471.50009/12/2016 248,241.35 1.479 1.500245,000.00
BankFirst1767 NCD 245,000.0006644QAA9 04/13/2022 5592.00004/13/2017 252,078.05 1.973 2.001245,000.00
Banco Poplar North America1478 NCD 245,000.0005965GVP8 10/07/2020 62.25010/07/2015 245,105.35 2.219 2.250245,000.00
Balboa Thrift & Loan1984 NCD 245,000.0005765LAW7 11/30/2022 7903.25011/30/2018 261,412.55 3.207 3.252245,000.00
Business Bank1531 NCD 245,000.0012325EHA3 02/10/2021 1321.55002/10/2016 246,315.65 1.530 1.551245,000.00
Citigroup1950 NCD 245,000.0017312QJ67 04/22/2023 9333.00004/24/2018 262,735.55245,000.00
Encore Bank2343 NCD 249,000.0029260MBH7 05/21/2027 2,4231.15005/21/2020 259,054.62 1.134 1.150249,000.00
Commercial Bank - Alma1772 NCD 245,000.00201282HM5 04/21/2022 5672.05004/21/2017 252,367.15 2.023 2.051245,000.00
CBC National Bank1571 NCD 245,000.0012480LDV6 04/15/2021 1961.50004/15/2016 246,893.85 1.479 1.500245,000.00
First Carolina Bank2389 NCD 248,000.0031944MBB0 08/20/2025 1,7840.45008/20/2020 249,215.20 0.444 0.450248,000.00
Coastal Cummunity & Tech Credi2204 NCD 245,000.0019043TAD7 01/17/2023 8381.90001/16/2020 254,777.95 1.907 1.934244,812.84
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 2
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Negotiable Certificates of Deposits
Celtic Bank2063 NCD 245,000.0015118RRH2 08/30/2024 1,4291.85008/30/2019 259,802.90 1.826 1.852245,000.00
Central State Bank1538 NCD 245,000.0015524EAA2 02/16/2022 5031.70002/16/2016 250,367.95 1.678 1.701245,000.00
Central State Bank IOWA2324 NCD 249,000.0015523RCP9 03/27/2025 1,6381.00003/27/2020 256,427.67 1.189 1.206246,766.36
First Iowa State Bank1840 NCD 245,000.00320636AC7 01/31/2022 4871.90007/31/2017 250,867.75 1.876 1.902245,000.00
Choice Bank - Oshkosh WI1884 NCD 245,000.0017037VBT8 12/29/2022 8192.35012/29/2017 257,054.00 2.317 2.350245,000.00
Citizens Deposit Bank1677 NCD 245,000.0017453FBP6 08/24/2021 3271.40008/24/2016 248,040.45 1.380 1.400245,000.00
Citadel Federal Credit Union2267 NCD 245,000.0017286TAG0 02/27/2025 1,6101.65002/27/2020 259,180.60 1.668 1.691244,568.20
Citizens State Bank1541 NCD 250,000.0017670BAQ1 02/17/2023 8691.75002/19/2016 259,435.00 1.727 1.751250,000.00
Commercial Savings Bank1868 NCD 245,000.00202291AD2 10/18/2022 7472.10010/18/2017 254,787.75 2.071 2.100245,000.00
Enerbank USA2215 NCD 245,000.0029278TMR8 01/29/2025 1,5811.80001/29/2020 260,559.95 1.779 1.803245,000.00
City National Bk of Metropolis1791 NCD 245,000.0017801GBQ1 05/16/2022 5922.00005/15/2017 252,477.40 1.972 2.000245,000.00
Capital One Bank USA NA2089 NCD 245,000.0014042TCP0 09/05/2024 1,4351.90009/05/2019 260,305.15 1.873 1.900245,000.00
Community Bank Pasadena1627 NCD 245,000.00203507BA5 06/15/2021 2571.55006/16/2016 247,641.10 1.529 1.550245,000.00
Commuincity Finl Svcs Bank1530 NCD 245,000.0020364ABA2 02/17/2021 1391.60002/17/2016 246,430.80 1.579 1.601245,000.00
Commerce State Bank1797 NCD 245,000.0020070PJA6 05/23/2022 5992.00005/22/2017 252,563.15 1.972 2.000245,000.00
Community State Bank, IA1471 NCD 245,000.0020404MAN1 09/12/2022 7112.25009/11/2015 255,057.25 2.224 2.255245,000.00
Crescent Bank & Trust2296 NCD 248,000.00225645DN7 03/20/2025 1,6311.10003/20/2020 256,476.64 1.085 1.100248,000.00
Discover Bank / Delaware1956 NCD 245,000.00254673VJ2 10/24/2023 1,1183.35010/24/2018 268,578.80 3.304 3.350245,000.00
Dollar Bank FSB1756 NCD 245,000.0025665QAV7 03/08/2022 5232.05003/08/2017 251,837.95 2.021 2.050245,000.00
Eagle Bank2040 NCD 245,000.0027002YEL6 04/28/2023 9392.65004/30/2019 260,626.10 2.615 2.651245,000.00
Exchange State Bank2383 NCD 250,000.00301485AM0 03/31/2025 1,6421.00007/08/2020 250,197.50 0.986 1.000250,000.00
Farmer's and Merchants Bank1360 NCD 250,000.00308702BQ1 02/16/2021 1382.20008/15/2014 252,017.50 2.169 2.200250,000.00
Flagstar Bank FSB2414 NCD 249,000.0033847E4E4 09/30/2024 1,4600.40009/30/2020 249,901.38 0.394 0.400249,000.00
FirstBank Puerto Rico1768 NCD 245,000.0033767A2C4 04/07/2022 5532.10004/07/2017 252,376.95 2.072 2.101245,000.00
Poppy Bank2285 NCD 249,000.0073319FAF6 03/18/2025 1,6291.10003/18/2020 257,500.86 1.085 1.100249,000.00
First Federal S&L Bank1626 NCD 245,000.0032018YAW8 06/22/2023 9941.80006/22/2016 256,483.15 1.776 1.800245,000.00
1st Financial Bank2390 NCD 248,000.0032022RNT0 08/19/2025 1,7830.45008/19/2020 249,215.20 0.444 0.450248,000.00
First Farmers Bank & Trust2076 NCD 245,000.00320165JK0 09/04/2024 1,4341.75009/04/2019 258,862.10 1.727 1.751245,000.00
First Internet Bank1834 NCD 245,000.0032056GCQ1 07/14/2022 6512.05007/14/2017 253,393.70 2.023 2.051245,000.00
First Eagle National Bank1400 NCD 245,000.0032008JAG8 10/15/2021 3792.45010/17/2014 251,646.85 2.416 2.449245,000.00
Farmers & Merchant Bank1735 NCD 245,000.0030781TBD9 01/18/2022 4742.05001/18/2017 251,218.10 2.021 2.050245,000.00
FNB Bank Inc.1863 NCD 245,000.00330459CB2 10/13/2023 1,1072.25010/13/2017 260,224.30 2.220 2.251245,000.00
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 3
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Negotiable Certificates of Deposits
The FNB of Mcgregor1480 NCD 245,000.0032112UBW0 09/30/2021 3642.00010/01/2015 249,686.85 1.972 1.999245,000.00
First Premier Bank1255 NCD 245,000.0033610RNX7 03/08/2021 1582.50003/07/2014 247,631.30 2.465 2.500245,000.00
Franklin Synergy Bank1771 NCD 103,000.0035471TCV2 01/31/2022 4872.00004/04/2017 105,604.87 1.972 1.999103,000.00
Farmer's & Merchant's SVG Bank1551 NCD 245,000.00308863AH2 02/26/2021 1481.55002/29/2016 246,903.65 1.528 1.550245,000.00
First Neighbor Bank, NA1469 NCD 245,000.0033581VAF6 09/03/2021 3372.40009/03/2015 250,492.90 2.367 2.400245,000.00
First Savings Bank Northwest2337 NCD 249,000.0032022MBX5 04/15/2025 1,6571.50004/15/2020 249,149.40 1.480 1.500249,000.00
First National Bank of Elkhart1801 NCD 245,000.00321130AB2 05/31/2022 6072.10005/31/2017 245,414.05 2.072 2.101245,000.00
First Northeast Bank1779 NCD 245,000.0033583FAA0 10/19/2022 7482.10004/19/2017 254,802.45 2.072 2.101245,000.00
First State Bank - Dequeen1824 NCD 245,000.00336460CH1 04/29/2022 5752.00006/30/2017 252,286.30 1.973 2.000245,000.00
First Technology Federal Credi1955 NCD 245,000.0033715LCM0 10/17/2023 1,1113.40010/17/2018 268,828.70 3.355 3.401245,000.00
Firstier Bank2061 NCD 245,000.0033766LAJ7 08/23/2024 1,4221.95008/23/2019 260,689.80 1.925 1.952245,000.00
First Kentucky Bank1856 NCD 245,000.0032065TAW1 10/06/2022 7352.10010/06/2017 254,640.75 2.072 2.101245,000.00
First Western Bank & Trust1770 NCD 245,000.0033749VAM0 04/07/2022 5532.00004/07/2017 252,004.55 1.973 2.001245,000.00
GE Capital Bank1262 NCD 245,000.0036157PXV6 03/22/2021 1722.65003/21/2014 248,038.00 2.613 2.650245,000.00
Ally Bank1882 NCD 245,000.0002007GAF0 01/04/2021 952.25001/04/2018 246,430.80 2.219 2.250245,000.00
Great Plains Bank1865 NCD 245,000.0039115UBB8 07/25/2022 6622.00010/25/2017 253,305.50 1.972 2.000245,000.00
Grant County Bank West V.2042 NCD 245,000.00387625AA4 05/08/2024 1,3152.55005/08/2019 265,104.70 2.513 2.548245,000.00
Goldman Sachs Bank USA / NY1951 NCD 245,000.0038148PJ81 05/09/2023 9503.15005/09/2018 263,985.05 3.106 3.150245,000.00
Great Southern Bank2250 NCD 245,000.0039120VSS4 08/21/2023 1,0541.70002/21/2020 245,232.75 1.734 1.758244,595.57
Investors Community Bank1765 NCD 245,000.0046147USQ4 09/23/2022 7222.20003/24/2017 254,976.40 2.172 2.202245,000.00
Industrial & Com Bk of China1773 NCD 245,000.0045581EAC5 04/12/2022 5582.15004/12/2017 252,629.30 2.121 2.151245,000.00
Inst. for Sav in Newburyport1455 NCD 245,000.0045780PAN5 07/30/2021 3022.30007/31/2015 249,853.45 2.269 2.301245,000.00
JP Morgan Chase BAnk NA2218 NCD 245,000.0048128LD48 01/31/2030 3,4092.50001/31/2020 246,952.65 2.465 2.500245,000.00
Kansas State Bank Manhattan1798 NCD 245,000.0050116CAX7 05/31/2024 1,3382.50005/31/2017 264,943.00 2.465 2.500245,000.00
Keesler Federal Credit Union2027 NCD 245,000.0049254FAP1 08/30/2021 3333.05002/28/2019 251,659.10 3.008 3.050245,000.00
Knox TVA Empl Credit Union2140 NCD 248,000.00499724AF9 10/31/2023 1,1253.35010/24/2019 272,008.88 2.210 2.241256,096.32
Kern Schools Fed. Credit Unio2160 NCD 250,000.0049228XAG5 12/04/2024 1,5252.10012/04/2019 250,917.50 2.073 2.102250,000.00
Lakeside Bank1686 NCD 245,000.0051210SLR6 09/18/2023 1,0821.80009/16/2016 245,906.50 1.775 1.800245,000.00
Legends Bank1533 NCD 245,000.0052465JGM3 02/11/2022 4981.70002/12/2016 252,572.95 1.678 1.701245,000.00
Live Oak Banking Company1671 NCD 245,000.00538036CH5 08/19/2021 3221.40008/19/2016 247,989.00 1.381 1.400245,000.00
Luana Savings Bank1367 NCD 245,000.00549103QA0 09/07/2021 3412.25009/05/2014 249,978.40 2.219 2.250245,000.00
Bank Leumi USA NY2335 NCD 249,000.00063248KR8 03/31/2023 9111.45003/31/2020 256,972.98 1.430 1.449249,000.00
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 4
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Negotiable Certificates of Deposits
Malaga Bank FSB2402 NCD 249,000.0056102AAQ9 06/30/2025 1,7330.40008/31/2020 249,672.30 0.394 0.400249,000.00
Marathon Savings Bank1818 NCD 245,000.0056585YAA8 06/28/2022 6352.05006/28/2017 253,197.70 2.023 2.051245,000.00
MB Financial Bank NA1730 NCD 245,000.0055266CUF1 01/13/2022 4692.10001/13/2017 251,289.15 2.072 2.101245,000.00
Mercantile Bank of Michigan1793 NCD 245,000.0058740XZF0 05/12/2022 5882.10005/12/2017 252,837.55 2.071 2.100245,000.00
Mechanics Coop Bank1803 NCD 245,000.00583626AC0 05/26/2022 6022.05005/26/2017 252,800.80 2.023 2.051245,000.00
Medallion Bank - Salt Lake2010 NCD 245,000.0058404DDB4 01/03/2024 1,1893.30001/10/2019 269,470.60 3.254 3.299245,000.00
Landmark Community Bank2123 NCD 249,000.0051507LBU7 06/27/2022 6342.35009/27/2019 258,618.87 1.868 1.894250,918.29
Merchants State Bank2059 NCD 245,000.00589227AG2 08/30/2024 1,4291.80008/30/2019 259,334.95 1.775 1.800245,000.00
Merchants National Bank OH1534 NCD 245,000.00588806AV1 02/17/2022 5041.80002/17/2016 252,433.30 1.776 1.801245,000.00
Mid-Missouri Bank1806 NCD 245,000.0059541KBL0 06/10/2022 6172.05006/12/2017 252,987.00 2.023 2.051245,000.00
Maine Savings Credit Union2144 NCD 245,000.00560507AN5 11/08/2024 1,4991.90011/08/2019 260,851.50 1.875 1.902245,000.00
Mainstreet Bank2038 NCD 245,000.0056065GAG3 04/26/2024 1,3032.60004/26/2019 265,388.90 2.567 2.602245,000.00
Mountain America FD Credit Uni2202 NCD 249,000.0062384RAC0 11/08/2022 7682.30001/08/2020 260,252.31 1.928 1.955250,755.27
Marlin Business Bank1483 NCD 245,000.0057116AKU1 10/21/2020 201.75010/21/2015 245,313.60 1.727 1.751245,000.00
Morgan Stanley Bank NA1890 NCD 245,000.0061747MF63 01/11/2023 8322.65001/11/2018 258,923.35 2.613 2.650245,000.00
Morgan Stanley Bank NA1993 NCD 245,000.0061760ASZ3 12/06/2023 1,1613.55012/06/2018 270,935.70 3.501 3.550245,000.00
Municipal Trust and Savings1800 NCD 245,000.00625925AP7 05/02/2024 1,3092.35005/22/2017 263,279.45 2.317 2.349245,000.00
Nebraska State Bank & Trust1466 NCD 245,000.0063969ABL7 08/26/2022 6942.25008/26/2015 256,992.75 2.220 2.251245,000.00
Numerica Credit Union1991 NCD 245,000.0067054NAN3 11/28/2023 1,1533.55011/28/2018 270,764.20 3.503 3.551245,000.00
Oostburg State Bank1532 NCD 245,000.00683430BU5 02/09/2021 1311.55002/09/2016 246,790.95 1.530 1.551245,000.00
South Ottumwa Savings Bank1851 NCD 245,000.00839145AA7 09/29/2022 7282.05009/29/2017 254,307.55 2.022 2.051245,000.00
Ottawa Savings Bank1892 NCD 245,000.0068956HAC7 01/19/2023 8402.40001/19/2018 257,615.05 2.368 2.401245,000.00
Pacific Western Bank2420 NCD 249,000.0069506YSA8 09/30/2025 1,8250.45009/30/2020 250,185.24 0.443 0.450249,000.00
Pathfinder Bank2260 NCD 245,000.0070320KAE1 03/06/2025 1,6171.80003/06/2020 260,866.20 1.816 1.841244,566.08
Ponce De Leon Federal Bank1795 NCD 245,000.00732333AH2 05/26/2022 6022.10005/26/2017 253,004.15 2.072 2.101245,000.00
Preferred Bank LA California2047 NCD 245,000.00740367HP5 08/16/2024 1,4152.00008/16/2019 261,106.30 1.972 2.000245,000.00
Parkside Financial Bank1833 NCD 245,000.0070147ACE2 03/15/2023 8952.10007/19/2017 256,593.40 2.072 2.101245,000.00
Providence Bank1445 NCD 245,000.00743738BQ8 02/25/2022 5122.10002/26/2015 253,810.20 2.072 2.101245,000.00
Rayond James Bank NA2188 NCD 245,000.0075472RAU5 12/30/2024 1,5511.85012/30/2019 260,858.85 1.824 1.850245,000.00
Reliance Savings Bank1636 NCD 245,000.0075950XAD1 06/22/2021 2641.45006/22/2016 247,714.60 1.430 1.450245,000.00
Sallie Mae Bank2102 NCD 245,000.007954504D4 09/18/2024 1,4481.90009/18/2019 260,405.60 1.873 1.900245,000.00
State Bank of Chilton2398 NCD 249,000.0085641PDV9 09/11/2025 1,8060.50009/11/2020 249,221.61 0.573 0.581248,014.91
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 5
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Negotiable Certificates of Deposits
State Bank of India2403 NCD 249,000.00856285UJ8 09/04/2025 1,7990.50009/04/2020 250,815.21 0.493 0.500249,000.00
Stifel Bank & Trust1953 NCD 245,000.0086063QAK1 05/15/2023 9562.95005/15/2018 262,806.60 2.911 2.951245,000.00
San Francisco Credit Union2297 NCD 249,000.0079772FAF3 03/27/2025 1,6381.10003/27/2020 257,535.72 1.085 1.100249,000.00
Summit Community Bank1888 NCD 245,000.0086604XMN3 01/26/2022 4822.25001/26/2018 251,943.30 2.220 2.251245,000.00
Somerset Trust Company Bank1616 NCD 245,000.00835104BL3 06/12/2023 9841.80006/10/2016 256,375.35 1.776 1.800245,000.00
Bank of New England1704 NCD 245,000.00063847AW7 10/19/2021 3831.50010/19/2016 248,508.40 1.480 1.500245,000.00
Southwest 66 Credit Union Bank2286 NCD 249,000.0084475BAB1 03/24/2025 1,6351.30003/23/2020 250,476.57 1.282 1.300249,000.00
Slovak Savings Bank1872 NCD 245,000.0083158TAA0 10/20/2022 7492.10010/20/2017 254,817.15 2.072 2.101245,000.00
Security Bank1777 NCD 245,000.00814107AQ1 04/19/2022 5652.00004/19/2017 252,151.55 1.973 2.001245,000.00
Southwest Financial Fed. Credi2333 NCD 249,000.0084485EAG2 03/28/2024 1,2741.15003/31/2020 256,796.19 1.134 1.150249,000.00
Third Federal Savings and Loan2157 NCD 245,000.0088413QCK2 11/25/2024 1,5161.95011/25/2019 261,515.45 1.923 1.950245,000.00
Thomasville Natl Bank1266 NCD 245,000.00884693BJ0 04/12/2021 1932.40004/11/2014 248,371.20 2.367 2.400245,000.00
Crossfirst Bank of Leawood1804 NCD 245,000.0022766ABF1 06/09/2023 9812.15006/09/2017 257,972.75 2.121 2.151245,000.00
Traverse City State Bank1820 NCD 245,000.00894333FF5 06/28/2022 6352.00006/28/2017 252,994.35 1.972 2.000245,000.00
UBS Bank USA1815 NCD 250,000.0090348JBR0 01/20/2022 4762.25006/15/2017 257,000.00 2.219 2.249250,000.00
United Community Bank GA1749 NCD 245,000.0090984P5A9 03/01/2022 5162.05003/01/2017 251,749.75 2.021 2.050245,000.00
Uinta Bank1639 NCD 245,000.00903572BC8 12/26/2023 1,1811.70006/24/2016 258,742.05 1.676 1.700245,000.00
Unity Bank1529 NCD 245,000.0091330ABF3 02/26/2021 1481.60002/26/2016 247,033.50 1.579 1.601245,000.00
USAlliance Federal Credit Unio2325 NCD 249,000.0090352RAU9 03/31/2025 1,6421.15003/31/2020 258,663.69 1.154 1.170248,776.09
Vystar Credit Union2136 NCD 245,000.0092891CCE0 12/11/2023 1,1663.65010/18/2019 271,805.45 2.170 2.200255,842.26
Washington Federal2049 NCD 245,000.00938828BJ8 08/23/2024 1,4222.05008/23/2019 261,640.40 2.024 2.052245,000.00
Western State Bank2342 NCD 248,000.0095960NKE6 11/13/2025 1,8691.05005/13/2020 256,565.92 1.035 1.050248,000.00
Washington First Bank1745 NCD 245,000.00940727AH3 02/23/2022 5102.05002/23/2017 251,673.80 2.021 2.050245,000.00
Wells Fargo Bank1656 NCD 245,000.009497486H5 06/30/2021 2721.60006/30/2016 247,793.00 1.578 1.600245,000.00
Woodford State Bank1459 NCD 245,000.00979424AA6 07/29/2022 6662.35008/12/2015 256,316.55 2.317 2.349245,000.00
Washington County Bank1842 NCD 245,000.0093754PAN7 05/11/2022 5872.05008/11/2017 252,614.60 2.021 2.050245,000.00
Subtotal and Average 36,252,526.44 36,234,000.00 37,572,765.60 1.918 1.945 902
Corporate Medium Term Bonds
Apple, Inc.1543 MTN 700,000.00037833BS8 02/23/2021 1452.25002/23/2016 704,928.00 2.140 2.169700,205.43
Apple, Inc.2082 MTN 550,000.00037833AK6 05/03/2023 9442.40008/29/2019 579,084.00 1.726 1.750558,920.17
Apple, Inc.2323 MTN 750,000.00037833AY6 02/09/2022 4962.15003/19/2020 769,147.50 1.583 1.605755,430.79
Apple, Inc.2401 MTN 1,500,000.00037833DF4 01/13/2025 1,5652.75008/28/2020 1,624,380.00 0.620 0.6281,634,221.55
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 6
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Corporate Medium Term Bonds
Alphabet (Google) Inc.1657 MTN 100,000.0002079KAA5 05/19/2021 2303.62507/11/2016 102,154.00 1.271 1.288101,429.57
Alphabet (Google) Inc.1658 MTN 946,000.0038259PAB8 05/19/2021 2303.62507/11/2016 966,376.84 1.271 1.288959,523.69
Alphabet (Google) Inc.1660 MTN 1,500,000.0002079KAA5 05/19/2021 2303.62507/12/2016 1,532,310.00 1.238 1.2551,521,765.06
Alphabet (Google) Inc.1734 MTN 871,000.0002079KAA5 05/19/2021 2303.62501/11/2017 889,761.34 2.012 2.040879,323.22
Alphabet (Google) Inc.1895 MTN 1,000,000.0002079KAA5 05/19/2021 2303.62501/10/2018 1,021,540.00 2.189 2.2191,008,527.07
Alphabet (Google) Inc.1931 MTN 382,000.0002079KAA5 05/19/2021 2303.62502/14/2018 390,228.28 2.377 2.410384,808.57
Johnson & Johnson1624 MTN 1,000,000.00478160BS2 03/01/2021 1511.65006/07/2016 1,004,950.00 1.530 1.5511,000,385.56
Johnson & Johnson1900 MTN 500,000.00478160BS2 03/01/2021 1511.65001/12/2018 502,475.00 2.179 2.210498,878.22
Microsoft Corporation1496 MTN 2,000,000.00594918BG8 11/03/2020 332.00011/05/2015 2,000,100.00 1.913 1.9402,000,099.67
Microsoft Corporation1515 MTN 900,000.00594918BG8 11/03/2020 332.00001/07/2016 900,045.00 1.887 1.913900,065.70
Microsoft Corporation1878 MTN 100,000.00594918BW3 02/06/2022 4932.40012/11/2017 102,774.00 2.292 2.324100,096.35
Microsoft Corporation2212 MTN 1,800,000.00594918BX1 02/06/2024 1,2232.87501/22/2020 1,937,124.00 1.727 1.7511,862,504.20
Stanford University2046 MTN 2,000,000.00525555AB4 02/01/2024 1,2186.87505/14/2019 2,376,400.00 2.367 2.4002,280,405.42
Stanford University2182 MTN 1,000,000.00525555AB4 02/01/2024 1,2186.87512/12/2019 1,188,200.00 1.934 1.9601,156,572.20
Yale University2376 MTN 2,000,000.0098459LAA1 04/15/2025 1,6570.87307/01/2020 2,015,100.00 0.616 0.6252,021,723.48
Subtotal and Average 20,324,885.92 19,599,000.00 20,607,077.96 1.637 1.660 731
Federal Agency Bonds
Apple, Inc.2053 MTN 1,500,000.00037833CU2 05/11/2024 1,3182.85008/06/2019 1,618,545.00 1.998 2.0251,540,932.94
Federal Agricultural Mortgage1130 1,500,000.0031315PPX1 07/05/2022 6422.20012/13/2012 1,552,830.00 1.930 1.9571,505,826.74
Federal Agricultural Mortgage1134 750,000.0031315PB32 11/21/2022 7812.00012/19/2012 778,440.00 2.081 2.110748,413.98
Federal Agricultural Mortgage1137 1,500,000.0031315PUE7 12/27/2022 8172.18001/04/2013 1,565,370.00 2.165 2.1961,499,518.49
Federal Agricultural Mortgage1139 500,000.0031315PWN5 06/01/2021 2433.84001/04/2013 512,370.00 1.946 1.973505,707.43
Federal Agricultural Mortgage1141 1,500,000.0031315PUE7 12/27/2022 8172.18001/08/2013 1,565,370.00 2.195 2.2251,498,632.34
Federal Agricultural Mortgage1144 1,500,000.0031315PUE7 12/27/2022 8172.18001/23/2013 1,565,370.00 2.111 2.1411,501,170.44
Federal Agricultural Mortgage1147 2,595,000.0031315PUE7 12/27/2022 8172.18001/28/2013 2,708,090.10 2.199 2.2292,592,403.85
Federal Agricultural Mortgage1257 300,000.0031315PTU3 03/09/2021 1594.16003/06/2014 305,304.00 2.574 2.609301,854.20
Federal Agricultural Mortgage1264 1,500,000.0031315PK40 03/26/2021 1762.50003/26/2014 1,517,370.00 2.495 2.5301,499,796.88
Federal Agricultural Mortgage1279 1,250,000.0031315PPX1 07/05/2022 6422.20004/23/2014 1,294,025.00 2.889 2.9301,235,801.22
Federal Agricultural Mortgage1427 675,000.0031315P2C2 05/05/2021 2162.51001/09/2015 684,564.75 2.110 2.140676,380.40
Federal Agricultural Mortgage1428 404,000.0031315PL23 03/27/2024 1,2733.33001/09/2015 446,020.04 2.540 2.575413,405.24
Federal Agricultural Mortgage1433 1,604,000.0031315PD89 06/12/2023 9842.61001/22/2015 1,705,260.52 2.269 2.3011,616,087.52
Federal Agricultural Mortgage1447 1,450,000.0031315PD89 06/12/2023 9842.61002/09/2015 1,541,538.50 2.377 2.4101,457,037.41
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 7
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Federal Agency Bonds
Federal Agricultural Mortgage1452 1,000,000.003130H0AJ2 03/01/2022 5162.15003/05/2015 1,028,290.00 2.120 2.1501,000,000.00
Federal Agricultural Mortgage1576 1,000,000.0031315PZS1 01/24/2023 8452.13004/06/2016 1,043,630.00 1.839 1.8641,005,729.94
Federal Agricultural Mortgage1580 474,000.0031315PEM7 08/04/2025 1,7684.35004/08/2016 562,296.72 2.296 2.328515,488.81
Federal Agricultural Mortgage1595 1,500,000.0031315P2J7 05/01/2024 1,3083.30004/21/2016 1,658,100.00 2.084 2.1121,558,398.17
Federal Agricultural Mortgage1604 1,500,000.0031315P2J7 05/01/2024 1,3083.30004/26/2016 1,658,100.00 2.159 2.1891,554,448.28
Federal Agricultural Mortgage1617 500,000.0031315PUE7 12/27/2022 8172.18005/26/2016 521,790.00 1.844 1.870503,243.04
Federal Agricultural Mortgage1665 2,000,000.003132X0BH3 07/15/2022 6522.38007/25/2016 2,077,880.00 1.499 1.5202,029,300.50
Federal Agricultural Mortgage1698 1,500,000.003132X0EQ0 01/25/2021 1161.55010/03/2016 1,506,675.00 1.256 1.2741,501,270.38
Federal Agricultural Mortgage1710 1,500,000.0031315PRA9 02/03/2026 1,9514.81010/18/2016 1,839,300.00 2.131 2.1601,691,251.93
Federal Agricultural Mortgage1755 1,000,000.003132X0PX3 02/23/2022 5102.10002/23/2017 1,027,160.00 2.034 2.0631,000,486.66
Federal Agricultural Mortgage1758 1,500,000.003132X0PX3 02/23/2022 5102.10003/02/2017 1,540,740.00 2.085 2.1141,499,705.70
Federal Agricultural Mortgage1769 1,500,000.003132X0RS2 04/06/2022 5522.07504/06/2017 1,543,110.00 2.046 2.0751,500,000.00
Federal Agricultural Mortgage1781 1,000,000.003132X0QG9 02/22/2021 1441.90004/12/2017 1,006,880.00 1.781 1.8051,000,353.62
Federal Agricultural Mortgage1788 1,000,000.003132X0NZ0 01/03/2022 4592.10005/04/2017 1,024,570.00 1.938 1.9651,001,609.86
Federal Agricultural Mortgage1817 1,000,000.0031315PPX1 07/05/2022 6422.20006/14/2017 1,035,220.00 1.908 1.9341,004,428.60
Federal Agricultural Mortgage1830 1,500,000.003132X0UA7 06/29/2022 6361.88006/29/2017 1,544,025.00 1.903 1.9301,498,754.47
Federal Agricultural Mortgage1831 1,000,000.003132X0UA7 06/29/2022 6361.88006/29/2017 1,029,350.00 1.923 1.949998,842.04
Federal Agricultural Mortgage1867 1,000,000.003132X0WL1 08/23/2024 1,4222.25010/06/2017 1,072,700.00 2.332 2.365995,879.47
Federal Agricultural Mortgage1877 1,500,000.003132X0ZZ7 12/12/2022 8022.26012/12/2017 1,567,260.00 2.229 2.2601,500,000.00
Federal Agricultural Mortgage1889 2,000,000.003132X0D57 01/08/2021 992.12001/08/2018 2,010,700.00 2.090 2.1202,000,000.00
Federal Agricultural Mortgage1893 1,000,000.003130H0AU7 08/01/2024 1,4002.62501/09/2018 1,086,060.00 2.546 2.5811,001,513.21
Federal Agricultural Mortgage1901 1,500,000.003130H0AU7 08/01/2024 1,4002.62501/11/2018 1,629,090.00 2.623 2.6601,498,156.82
Federal Agricultural Mortgage1912 2,000,000.003132X0G39 01/30/2023 8512.50001/30/2018 2,105,020.00 2.472 2.5071,999,683.04
Federal Agricultural Mortgage1915 1,500,000.003132X0G39 01/30/2023 8512.50001/30/2018 1,578,765.00 2.481 2.5151,499,481.22
Federal Agricultural Mortgage1921 2,000,000.003132X0G39 01/30/2023 8512.50001/31/2018 2,105,020.00 2.556 2.5921,995,997.04
Federal Agricultural Mortgage1924 1,100,000.0031315PZS1 01/24/2023 8452.13002/08/2018 1,147,993.00 2.578 2.6141,088,507.77
Federal Agricultural Mortgage1927 1,000,000.003132X0H79 02/22/2021 1442.35002/22/2018 1,008,660.00 2.327 2.360999,962.14
Federal Agricultural Mortgage1928 1,500,000.003132X0H87 02/22/2023 8742.60002/22/2018 1,584,270.00 2.564 2.6001,500,000.00
Federal Agricultural Mortgage1936 1,500,000.003132X0L33 02/21/2023 8732.77002/23/2018 1,590,255.00 2.732 2.7701,500,000.00
Federal Agricultural Mortgage1999 549,000.0031315P4B2 01/30/2024 1,2163.46012/14/2018 606,200.31 3.018 3.060555,712.67
Federal Agricultural Mortgage2034 1,000,000.0031422BEJ5 04/09/2024 1,2862.35004/09/2019 1,070,620.00 2.365 2.398998,400.91
Federal Agricultural Mortgage2035 678,000.0031315PCY3 11/20/2024 1,5115.25004/08/2019 813,138.96 2.420 2.454750,809.85
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 8
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Federal Agency Bonds
Federal Agricultural Mortgage2098 550,000.0031315PEM7 08/04/2025 1,7684.35009/09/2019 652,454.00 1.659 1.683617,330.61
Federal Agricultural Mortgage2174 Call 2,000,000.0031422BQN3 12/10/2029 3,3572.69012/10/2019 2,005,880.00 2.653 2.6902,000,000.00
Federal Agricultural Mortgage2186 Call 1,350,000.0031422BQN3 12/10/2029 3,3572.69012/13/2019 1,353,969.00 2.678 2.7151,347,267.80
Federal Agricultural Mortgage2194 Call 1,450,000.0031422BRN2 12/25/2029 3,3722.82012/30/2019 1,455,394.00 2.781 2.8201,450,000.00
Federal Agricultural Mortgage2242 Call 2,000,000.0031422BUC2 02/11/2030 3,4202.45002/11/2020 2,008,660.00 2.416 2.4502,000,000.00
Federal Agricultural Mortgage2301 1,569,000.0031315PB99 11/19/2027 2,6052.85003/11/2020 1,801,415.97 1.050 1.0641,760,338.58
Federal Agricultural Mortgage2330 Call 2,000,000.0031422BWY2 03/24/2025 1,6351.40003/24/2020 2,003,640.00 1.380 1.4002,000,000.00
Federal Agricultural Mortgage2340 Call 2,000,000.0031422BZS2 05/13/2030 3,5111.50005/13/2020 1,993,320.00 1.479 1.5002,000,000.00
Federal Agricultural Mortgage2366 Call 1,750,000.0031422BF54 06/24/2030 3,5531.40006/24/2020 1,750,630.00 1.380 1.4001,750,000.00
Federal Agricultural Mortgage2367 Call 2,000,000.0031422BF54 06/24/2030 3,5531.40006/24/2020 2,000,720.00 1.380 1.4002,000,000.00
Federal Agricultural Mortgage2381 Call 1,500,000.0031422BH78 07/08/2030 3,5671.40007/08/2020 1,496,070.00 1.380 1.4001,500,000.00
Federal Farm Credit Bank .1241 500,000.003133ECRH9 06/06/2023 9782.45001/09/2014 529,825.00 3.383 3.430488,851.36
Federal Farm Credit Bank .1526 625,000.003133EAA65 07/26/2023 1,0282.12501/27/2016 658,375.00 2.024 2.052626,184.61
Federal Farm Credit Bank .1563 500,000.0031331XSS2 03/14/2022 5295.16003/17/2016 536,305.00 1.876 1.902522,262.17
Federal Farm Credit Bank .1593 250,000.003133EC4L5 11/23/2021 4181.61004/21/2016 254,177.50 1.558 1.580250,081.40
Federal Farm Credit Bank .1596 1,000,000.003133ECPF5 05/13/2022 5891.87504/21/2016 1,027,560.00 1.578 1.6001,004,219.63
Federal Farm Credit Bank .1615 1,000,000.003133EC7D0 12/13/2024 1,5342.12505/13/2016 1,074,700.00 1.930 1.9561,006,468.82
Federal Farm Credit Bank .1659 500,000.0031331XSS2 03/14/2022 5295.16007/08/2016 536,305.00 1.215 1.232527,471.56
Federal Farm Credit Bank .1782 500,000.0031331XHX3 12/21/2021 4465.05004/12/2017 529,990.00 1.884 1.910518,265.73
Federal Farm Credit Bank .1787 900,000.003133EEVD9 03/25/2024 1,2712.30005/04/2017 963,603.00 2.274 2.306899,813.49
Federal Farm Credit Bank .1822 500,000.003133EDWX6 10/07/2024 1,4672.91006/21/2017 551,965.00 2.143 2.172513,614.76
Federal Farm Credit Bank .1843 445,000.003133ED6R8 11/07/2022 7672.93009/14/2017 470,658.70 1.870 1.896454,153.96
Federal Farm Credit Bank .1885 600,000.003133EC2B9 11/09/2021 4041.70012/29/2017 610,320.00 2.161 2.191596,890.45
Federal Farm Credit Bank .1932 1,500,000.003133EJDE6 02/16/2023 8682.57002/16/2018 1,584,105.00 2.605 2.6421,497,611.92
Federal Farm Credit Bank .2004 1,500,000.003133EJ2R9 12/14/2020 742.75012/20/2018 1,508,085.00 2.663 2.7001,500,145.69
Federal Farm Credit Bank .2016 500,000.003133EEG79 09/07/2023 1,0712.15001/15/2019 528,050.00 2.656 2.693492,546.42
Federal Farm Credit Bank .2017 650,000.003133EC2C7 11/09/2023 1,1342.13001/15/2019 688,018.50 2.662 2.699639,280.13
Federal Farm Credit Bank .2226 Call 1,000,000.003133ELJU9 01/27/2026 1,9441.98001/29/2020 1,018,710.00 1.955 1.982999,866.82
Federal Farm Credit Bank .2259 Call 1,350,000.003133EKVQ6 07/19/2024 1,3872.04002/19/2020 1,360,030.50 1.868 1.8941,357,120.05
Federal Farm Credit Bank .2280 Call 1,000,000.003133ELPS7 03/04/2030 3,4412.24003/04/2020 1,005,840.00 2.142 2.1721,005,679.50
Federal Farm Credit Bank .2289 Call 1,500,000.003133ELSD7 03/11/2030 3,4481.85003/11/2020 1,507,260.00 1.824 1.8501,500,000.00
Federal Farm Credit Bank .2292 Call 1,500,000.003133ELSD7 03/11/2030 3,4481.85003/11/2020 1,507,260.00 1.824 1.8501,500,000.00
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 9
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Federal Agency Bonds
Federal Farm Credit Bank .2314 1,000,000.003133EAG44 08/03/2026 2,1322.63003/13/2020 1,120,770.00 1.089 1.1041,085,761.60
Federal Farm Credit Bank .2344 Call 1,000,000.003133ELA79 08/26/2027 2,5201.12005/26/2020 1,000,000.00 1.104 1.1201,000,000.00
Federal Farm Credit Bank .2349 Call 1,000,000.003133ELC44 06/01/2029 3,1651.37006/01/2020 1,002,010.00 1.351 1.3701,000,000.00
Federal Farm Credit Bank .2351 Call 1,000,000.003133ELSD7 03/11/2030 3,4481.85005/20/2020 1,004,840.00 1.749 1.7731,006,566.98
Federal Farm Credit Bank .2353 Call 1,250,000.003133ELC44 06/01/2029 3,1651.37006/01/2020 1,252,512.50 1.357 1.3751,249,398.15
Federal Farm Credit Bank .2357 Call 1,000,000.003133ELC69 12/01/2027 2,6171.18006/03/2020 1,000,000.00 1.167 1.183999,760.93
Federal Farm Credit Bank .2371 Call 1,500,000.003133ELQ31 07/01/2030 3,5601.33007/01/2020 1,496,775.00 1.311 1.3301,500,000.00
Federal Farm Credit Bank .2372 Call 1,500,000.003133ELQ31 07/01/2030 3,5601.33007/01/2020 1,496,775.00 1.311 1.3301,500,000.00
Federal Farm Credit Bank .2391 Call 1,500,000.003133EL3H5 08/12/2025 1,7760.57008/12/2020 1,499,010.00 0.587 0.5951,498,176.04
Federal Farm Credit Bank .2406 Call 1,500,000.003133EL4W1 08/25/2025 1,7890.61009/03/2020 1,497,750.00 0.611 0.6201,499,261.72
Federal Farm Credit Bank .2408 Call 1,500,000.003133EL4W1 08/25/2025 1,7890.61009/10/2020 1,497,750.00 0.611 0.6201,499,258.82
Federal Farm Credit Bank .2416 Call 1,500,000.003133EL7K4 09/16/2025 1,8110.55009/22/2020 1,497,780.00 0.542 0.5491,500,000.00
Federal Farm Credit Bank .2417 Call 1,500,000.003133EMBH4 09/29/2025 1,8240.53009/29/2020 1,498,635.00 0.522 0.5301,500,000.00
Federal Farm Credit Bank .2423 Call 1,500,000.003133EMBJ0 09/29/2025 1,8240.53009/29/2020 1,497,510.00 0.537 0.5451,498,876.25
Federal Home Loan Bank1041 1,500,000.00313378LA7 02/25/2022 5122.33003/20/2012 1,545,915.00 2.298 2.3301,500,000.00
Federal Home Loan Bank1073 2,000,000.00313379EC9 11/18/2020 482.00005/18/2012 2,004,840.00 1.972 2.0002,000,000.00
Federal Home Loan Bank1156 1,315,000.003133XHRJ3 12/10/2021 4355.00002/25/2013 1,390,770.30 1.825 1.8501,360,350.04
Federal Home Loan Bank1240 1,500,000.00313371U79 12/11/2020 713.12501/09/2014 1,508,760.00 2.615 2.6511,501,252.25
Federal Home Loan Bank1261 1,500,000.00313382K69 03/12/2021 1621.75003/13/2014 1,510,905.00 2.418 2.4511,495,698.25
Federal Home Loan Bank1270 200,000.00313379EC9 11/18/2020 482.00004/08/2014 200,484.00 2.263 2.295199,928.87
Federal Home Loan Bank1272 550,000.00313379EC9 11/18/2020 482.00004/09/2014 551,331.00 2.263 2.295549,804.30
Federal Home Loan Bank1577 1,500,000.003130A7Q73 12/08/2021 4331.53004/08/2016 1,524,885.00 1.450 1.4701,501,016.01
Federal Home Loan Bank1605 1,000,000.00313382K69 03/12/2021 1621.75004/27/2016 1,007,270.00 1.490 1.5111,001,023.79
Federal Home Loan Bank1619 500,000.003133827D9 02/08/2021 1301.75006/02/2016 502,810.00 1.476 1.496500,430.00
Federal Home Loan Bank1620 400,000.003133XDVS7 12/11/2020 715.25006/02/2016 403,988.00 1.461 1.481402,824.89
Federal Home Loan Bank1649 250,000.003130A0EN6 12/10/2021 4352.87506/28/2016 258,167.50 1.232 1.249254,666.36
Federal Home Loan Bank1699 500,000.003133827E7 02/06/2023 8582.13010/05/2016 522,615.00 1.578 1.600505,890.18
Federal Home Loan Bank1727 1,000,000.003130AABG2 11/29/2021 4241.87512/16/2016 1,019,980.00 2.168 2.198996,442.19
Federal Home Loan Bank1763 1,910,000.003133XHRJ3 12/10/2021 4355.00003/10/2017 2,020,054.20 2.150 2.1801,970,644.44
Federal Home Loan Bank1780 1,000,000.00313378CR0 03/11/2022 5262.25004/12/2017 1,030,260.00 1.903 1.9301,004,382.82
Federal Home Loan Bank1873 Call 1,500,000.003130ACMH4 10/16/2024 1,4762.50010/16/2017 1,501,305.00 2.465 2.5001,500,000.00
Federal Home Loan Bank1886 1,000,000.003130A3VC5 12/08/2023 1,1632.25001/03/2018 1,063,220.00 2.359 2.392995,788.07
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 10
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Federal Agency Bonds
Federal Home Loan Bank1896 1,000,000.003130A3DL5 09/08/2023 1,0722.37501/09/2018 1,062,210.00 2.376 2.409999,063.01
Federal Home Loan Bank1903 500,000.003130ADEV0 01/17/2023 8382.38001/18/2018 525,145.00 2.385 2.418499,586.77
Federal Home Loan Bank1996 Call 1,000,000.003130AFG84 11/29/2028 2,9813.87512/06/2018 1,043,190.00 3.823 3.876999,918.23
Federal Home Loan Bank2228 Call 1,500,000.003130AHZ71 02/25/2030 3,4342.37502/25/2020 1,492,935.00 2.353 2.3861,498,590.00
Federal Home Loan Bank2243 Call 1,000,000.003130AHN74 12/17/2029 3,3642.60002/05/2020 1,004,690.00 2.506 2.5401,004,770.48
Federal Home Loan Bank2317 Call 1,456,310.683130AJER6 03/26/2030 3,4631.85003/26/2020 1,443,645.15 1.824 1.8501,456,310.68
Federal Home Loan Bank2328 Call 1,500,000.003130AJF95 03/24/2025 1,6351.30003/24/2020 1,492,425.00 1.282 1.3001,500,000.00
Federal Home Loan Bank2347 Call 1,500,000.003130AJMF3 11/28/2028 2,9801.32005/28/2020 1,484,655.00 1.301 1.3201,500,000.00
Federal Home Loan Bank2358 Call 1,000,000.003130AJP78 06/11/2029 3,1751.40006/11/2020 990,900.00 1.380 1.4001,000,000.00
Federal Home Loan Bank2361 Call 1,000,000.003130AJP78 06/11/2029 3,1751.40006/11/2020 990,900.00 1.427 1.447996,135.80
Federal Home Loan Bank2368 Call 900,000.003130AJR76 06/29/2029 3,1931.25006/29/2020 890,208.00 1.232 1.250900,000.00
Federal Home Loan Bank2369 Call 1,500,000.003130AJRG6 06/24/2030 3,5531.36006/24/2020 1,479,420.00 1.341 1.3601,500,000.00
Federal Home Loan Bank2374 Call 1,500,000.003130AJSM2 12/29/2028 3,0111.25006/29/2020 1,500,045.00 1.232 1.2501,500,000.00
Federal Home Loan Bank2375 Call 1,500,000.003130AJSR1 07/09/2030 3,5681.39007/09/2020 1,473,810.00 1.370 1.3901,500,000.00
Federal Home Loan Bank2377 Call 1,500,000.003130AJSR1 07/09/2030 3,5681.39007/09/2020 1,473,810.00 1.370 1.3901,500,000.00
Federal Home Loan Bank2384 Call 1,500,000.003130AJSR1 07/09/2030 3,5681.39007/09/2020 1,473,810.00 1.382 1.4011,498,387.58
Federal Home Loan Bank2395 Call 1,500,000.003130AJZ36 08/27/2025 1,7910.60008/27/2020 1,498,890.00 0.611 0.6201,498,528.33
Federal Home Loan Bank2399 Call 1,500,000.003130AJZ36 08/27/2025 1,7910.60008/27/2020 1,498,890.00 0.611 0.6201,498,528.33
Federal Home Loan Bank2405 Call 1,500,000.003130AK3Z7 09/29/2025 1,8240.57009/29/2020 1,498,501.67 0.582 0.5901,498,501.67
Federal Home Loan Bank2411 Call 1,180,000.003130AJZ36 08/27/2025 1,7910.60009/16/2020 1,179,126.80 0.591 0.5991,180,000.00
Federal Home Loan Bank2419 Call 1,500,000.003130AKAZ91 09/29/2025 1,8240.52009/29/2020 1,497,330.00 0.512 0.5201,500,000.00
Fed. Home Loan Mortgage Corp.1273 2,000,000.003134G45T1 12/10/2021 4352.00004/10/2014 2,045,100.00 2.564 2.6001,987,105.13
Fed. Home Loan Mortgage Corp.1277 1,000,000.003134G45T1 12/10/2021 4352.00004/22/2014 1,022,550.00 2.643 2.680992,712.62
Fed. Home Loan Mortgage Corp.2247 Call 1,000,000.003134GVAT5 02/12/2025 1,5951.80002/12/2020 1,003,980.00 1.775 1.8001,000,000.00
Fed. Home Loan Mortgage Corp.2345 Call 455,000.003134GVUA4 05/18/2028 2,7861.20005/18/2020 451,469.20 1.183 1.200455,000.00
Fed. Home Loan Mortgage Corp.2370 Call 1,500,000.003134GV3B2 06/28/2030 3,5571.40006/30/2020 1,494,405.00 1.380 1.4001,500,000.00
Fed. Home Loan Mortgage Corp.2373 Call 1,500,000.003134GV3U0 06/29/2029 3,1931.25006/29/2020 1,491,705.00 1.232 1.2501,500,000.00
Fed. Home Loan Mortgage Corp.2379 Call 1,500,000.003134GV4E5 12/29/2028 3,0111.20007/01/2020 1,495,710.00 1.183 1.1991,500,000.00
Fed. Home Loan Mortgage Corp.2380 Call 1,500,000.003134GV5D6 01/08/2029 3,0211.20007/08/2020 1,491,030.00 1.183 1.2001,500,000.00
Fed. Home Loan Mortgage Corp.2382 Call 1,500,000.003134GV5A2 07/15/2030 3,5741.37507/15/2020 1,497,345.00 1.356 1.3751,500,000.00
Fed. Home Loan Mortgage Corp.2386 Call 1,500,000.003134GV7L6 07/29/2030 3,5881.35007/29/2020 1,486,980.00 1.331 1.3501,500,000.00
Fed. Home Loan Mortgage Corp.2387 Call 1,500,000.003134GV7L6 07/29/2030 3,5881.35007/29/2020 1,486,980.00 1.331 1.3501,500,000.00
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 11
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Federal Agency Bonds
Fed. Home Loan Mortgage Corp.2396 Call 1,000,000.003134GWNC6 08/19/2025 1,7830.62508/20/2020 1,000,430.00 0.616 0.6251,000,000.00
Fed. Home Loan Mortgage Corp.2400 Call 1,500,000.003134GWC53 09/15/2025 1,8100.65009/15/2020 1,500,420.00 0.641 0.6501,500,000.00
Fed. Home Loan Mortgage Corp.2404 Call 1,447,000.003134GWA55 09/09/2025 1,8040.65009/09/2020 1,447,274.93 0.641 0.6501,447,000.00
Fed. Home Loan Mortgage Corp.2407 Call 1,500,000.003134GWD52 09/02/2025 1,7970.68009/04/2020 1,494,690.00 0.670 0.6791,500,000.00
Fed. Home Loan Mortgage Corp.2409 Call 1,500,000.003134GWP75 09/23/2025 1,8180.62509/23/2020 1,500,225.00 0.616 0.6251,500,000.00
Fed. Home Loan Mortgage Corp.2410 Call 1,000,000.003134GWP75 09/23/2025 1,8180.62509/23/2020 1,000,150.00 0.616 0.6251,000,000.00
Fed. Home Loan Mortgage Corp.2421 Call 2,000,000.003134GWW93 09/30/2025 1,8250.55009/30/2020 1,998,280.00 0.542 0.5502,000,000.00
Fed. Home Loan Mortgage Corp.2422 Call 1,500,000.003134GWW93 09/30/2025 1,8250.55009/30/2020 1,498,710.00 0.542 0.5501,500,000.00
Fed. Home Loan Mortgage Corp.2424 Call 1,500,000.003134GWXK7 09/30/2025 1,8250.55009/30/2020 1,497,240.00 0.542 0.5501,500,000.00
Federal National Mortgage Asso1048 2,000,000.003136G0AW1 10/16/2020 152.35004/16/2012 2,001,840.00 2.317 2.3502,000,000.00
Federal National Mortgage Asso1066 2,000,000.003136G0FJ5 10/30/2020 292.00004/30/2012 2,003,080.00 1.972 2.0002,000,000.00
Federal National Mortgage Asso1276 1,000,000.003136G0U58 04/30/2021 2111.75004/16/2014 1,009,370.00 2.364 2.397996,560.66
Federal National Mortgage Asso1288 250,000.003136G0M57 04/09/2021 1901.75005/02/2014 252,087.50 2.452 2.486249,121.36
Federal National Mortgage Asso1654 1,000,000.003136G0EG2 04/23/2021 2042.28006/30/2016 1,012,010.00 1.171 1.1871,005,940.87
Federal National Mortgage Asso1715 500,000.0031364CCC0 04/30/2026 2,0377.12511/10/2016 675,775.00 2.367 2.400617,299.73
Federal National Mortgage Asso1883 500,000.003136G05L1 08/26/2022 6942.00012/29/2017 517,490.00 2.238 2.270497,572.89
Federal National Mortgage Asso1894 1,000,000.003135G0T78 10/05/2022 7342.00001/09/2018 1,037,080.00 2.288 2.320993,931.30
Federal National Mortgage Asso1904 1,000,000.003135G0T78 10/05/2022 7342.00001/19/2018 1,037,080.00 2.409 2.443991,626.27
Federal National Mortgage Asso1922 1,000,000.003136G0P62 10/15/2020 141.50002/05/2018 1,000,530.00 2.268 2.300999,699.85
Federal National Mortgage Asso1926 1,500,000.003135G0T94 01/19/2023 8402.37502/08/2018 1,573,575.00 2.574 2.6101,492,437.28
Federal National Mortgage Asso2392 Call 1,000,000.003136G4R62 08/28/2025 1,7920.62508/28/2020 1,000,430.00 0.616 0.6251,000,000.00
Federal National Mortgage Asso2393 Call 1,000,000.003136G4S87 08/27/2025 1,7910.65008/27/2020 1,000,110.00 0.641 0.6501,000,000.00
Federal National Mortgage Asso2394 Call 1,500,000.003136G4Q97 08/27/2025 1,7910.65008/27/2020 1,499,340.00 0.641 0.6501,500,000.00
Federal National Mortgage Asso2397 Call 1,500,000.003136G4V59 08/27/2025 1,7910.62508/27/2020 1,499,355.00 0.616 0.6251,500,000.00
Federal National Mortgage Asso2412 Call 1,500,000.003136G44G5 09/22/2025 1,8170.51509/22/2020 1,498,755.00 0.507 0.5151,500,000.00
Federal National Mortgage Asso2413 Call 1,500,000.003136G43L5 09/30/2025 1,8250.55009/30/2020 1,499,460.00 0.542 0.5501,500,000.00
Federal National Mortgage Asso2415 Call 1,500,000.003136G44L4 09/25/2025 1,8200.60009/25/2020 1,498,965.00 0.591 0.6001,500,000.00
San Mateo Union High School Dt2153 MUN 1,360,000.00799017WD6 09/01/2028 2,8922.23711/07/2019 1,405,723.20 2.447 2.4801,336,553.50
Tennessee Valley Authority1132 500,000.00880591EL2 02/15/2021 1373.87512/14/2012 506,910.00 1.596 1.618503,918.85
Tennessee Valley Authority1133 1,010,000.00880591EN8 08/15/2022 6831.87512/14/2012 1,040,875.70 1.893 1.9201,009,224.61
Tennessee Valley Authority1145 1,500,000.00880591EL2 02/15/2021 1373.87501/23/2013 1,520,730.00 1.647 1.6691,511,473.35
Tennessee Valley Authority1260 1,160,000.00880591EL2 02/15/2021 1373.87503/12/2014 1,176,031.20 2.427 2.4611,165,580.38
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 12
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Federal Agency Bonds
Tennessee Valley Authority1508 1,000,000.00880591CJ9 11/01/2025 1,8576.75011/20/2015 1,310,380.00 2.807 2.8461,171,742.00
Tennessee Valley Authority1519 750,000.00880591ER9 09/15/2024 1,4452.87501/15/2016 826,500.00 2.564 2.600757,253.50
Tennessee Valley Authority1589 775,000.00880591CJ9 11/01/2025 1,8576.75004/18/2016 1,015,544.50 2.337 2.370928,627.91
Tennessee Valley Authority1703 1,490,000.00880591EN8 08/15/2022 6831.87510/07/2016 1,535,549.30 1.538 1.5601,498,360.89
Tennessee Valley Authority1714 1,250,000.00880591CJ9 11/01/2025 1,8576.75011/10/2016 1,637,975.00 2.317 2.3501,500,740.02
Subtotal and Average 220,880,857.48 219,176,310.68 225,378,072.72 1.740 1.764 1,622
Treasury Securities (Notes)
U.S. Treasury1761 TB 1,500,000.00912828J43 02/28/2022 5151.75003/09/2017 1,534,335.00 2.071 2.1001,493,003.79
U.S. Treasury1866 TB 1,500,000.00912828L57 09/30/2022 7291.75010/06/2017 1,548,510.00 1.914 1.9411,494,572.76
U.S. Treasury1898 TB 1,500,000.00912828P38 01/31/2023 8521.75001/11/2018 1,556,190.00 2.308 2.3401,480,629.23
U.S. Treasury1905 TB 1,500,000.00912828N30 12/31/2022 8212.12501/22/2018 1,567,035.00 2.387 2.4201,490,666.90
U.S. Treasury1923 TB 1,500,000.00912828P38 01/31/2023 8521.75002/05/2018 1,556,190.00 2.560 2.5961,472,397.02
U.S. Treasury1925 TB 1,000,000.00912828P38 01/31/2023 8521.75002/08/2018 1,037,460.00 2.487 2.521983,176.31
U.S. Treasury1929 TB 1,000,000.00912828P79 02/28/2023 8801.50002/09/2018 1,032,850.00 2.534 2.570975,960.50
U.S. Treasury1934 TB 1,000,000.00912828P79 02/28/2023 8801.50002/15/2018 1,032,850.00 2.601 2.638974,475.21
Subtotal and Average 10,364,881.72 10,500,000.00 10,865,420.00 2.330 2.363 786
Municipal Bonds
Acalanes Union High School Dis1494 MUN 1,000,000.00004284B38 08/01/2021 3042.38110/30/2015 1,015,870.00 2.120 2.1501,001,799.13
Acalanes Union High School Dis2334 MUN 485,000.00004284ZY4 08/01/2022 6692.90003/25/2020 505,830.75 1.677 1.700495,405.14
County of Alameda2173 MUN 290,000.00010878AS5 08/01/2026 2,1304.00012/05/2019 339,068.00 2.139 2.168318,696.20
Alameda County Joint Pws Auth.2005 MUN 505,000.00010831DS1 06/01/2025 1,7043.36512/24/2018 563,675.95 3.175 3.220508,057.46
Antelope Valley Community Coll1790 MUN 220,000.0003667PFL1 08/01/2022 6692.60805/09/2017 228,076.20 2.266 2.298221,162.68
Antelope Valley Community Coll2069 MUN 500,000.0003667PFN7 08/01/2024 1,4003.02608/16/2019 541,575.00 1.876 1.902520,456.47
State of Arkansas1913 MUN 320,000.00041042ZW5 06/01/2022 6082.87501/26/2018 334,064.00 2.486 2.520321,778.87
Burlingame School District1548 MUN 585,000.00121457EQ4 08/01/2025 1,7656.23802/24/2016 676,903.50 3.557 3.606647,574.73
Cabrillo Community College Dis2119 MUN 2,000,000.00127109QD1 08/01/2027 2,4952.38510/08/2019 2,092,620.00 2.342 2.3752,000,000.00
Carlsbad Unified School Dist .1547 MUN 300,000.00142665DH8 08/01/2021 3044.58402/24/2016 310,233.00 2.130 2.159305,682.43
Carlsbad Unified School Dist .1556 MUN 1,250,000.00142665DH8 08/01/2021 3044.58403/04/2016 1,292,637.50 2.138 2.1681,273,565.38
Carlsbad Unified School Dist .1753 MUN 350,000.00142665DH8 08/01/2021 3044.58402/17/2017 361,938.50 2.317 2.350356,148.43
Carlsbad Unified School Dist .1857 MUN 305,000.00142665DJ4 08/01/2026 2,1305.23409/27/2017 375,146.95 2.850 2.890341,559.19
Cerritos Community College Dis1523 MUN 500,000.00156792GV9 08/01/2021 3042.78101/27/2016 509,045.00 2.012 2.040502,905.49
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 13
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Municipal Bonds
Cerritos Community College Dis1876 MUN 55,000.00156792GW7 08/01/2022 6692.97111/30/2017 57,289.65 2.416 2.45055,493.00
Contra Costa Community College2103 MUN 400,000.00212204JJ1 08/01/2028 2,8612.21309/12/2019 421,212.00 2.071 2.100403,208.75
Contra Costa Community College2120 MUN 990,000.00212204JK8 08/01/2029 3,2262.26309/20/2019 1,042,440.30 2.505 2.539968,704.66
Contra Costa Community College2244 MUN 1,500,000.00212204JK8 08/01/2029 3,2262.26302/07/2020 1,579,455.00 2.100 2.1301,515,872.06
Contra Costa Community College2291 MUN 320,000.00212204JF9 08/01/2025 1,7651.91803/09/2020 336,710.40 1.128 1.143331,580.41
State of Delaware1952 MUN 1,500,000.002463807H6 07/01/2022 6383.50005/03/2018 1,583,910.00 2.927 2.9671,513,033.18
Fremon Union High School Distr1646 MUN 525,000.00357172VA0 02/01/2026 1,9496.08006/28/2016 643,508.25 2.994 3.035599,439.62
Fullerton School District1916 MUN 995,000.00359819DN6 08/01/2026 2,1303.16002/14/2018 1,081,943.10 3.028 3.070999,560.28
Fullerton School District1917 MUN 750,000.00359819DM8 08/01/2025 1,7653.04002/14/2018 827,070.00 2.959 3.000751,282.17
Fullerton School District2085 MUN 365,000.00359819DN6 08/01/2026 2,1303.16008/29/2019 396,893.70 1.913 1.940389,194.58
State of Georgia1613 MUN 500,000.00373384RU2 10/01/2022 7303.57005/17/2016 533,665.00 1.878 1.904515,655.45
State of Georgia1645 MUN 365,000.00373384W69 02/01/2023 8533.25006/27/2016 390,535.40 1.898 1.925375,547.61
State of Georgia1666 MUN 1,825,000.003733844V5 02/01/2025 1,5842.37507/29/2016 1,983,099.75 1.972 1.9991,852,140.41
State of Georgia1691 MUN 385,000.00373384RU2 10/01/2022 7303.57009/26/2016 410,922.05 1.630 1.653399,018.77
State of Georgia1775 MUN 250,000.00373384RX6 10/01/2025 1,8264.00004/10/2017 295,067.50 2.739 2.777263,536.87
State of Georgia1919 MUN 1,095,000.00373384RY4 10/01/2026 2,1914.31001/26/2018 1,334,564.10 2.979 3.0201,169,032.92
State of Georgia1945 MUN 200,000.00373384RY4 10/01/2026 2,1914.31003/19/2018 243,756.00 3.204 3.248211,022.46
State of Georgia1962 MUN 390,000.00373384SP2 10/01/2023 1,0953.74010/25/2018 430,758.90 3.093 3.136396,495.87
State of Georgia1967 MUN 350,000.00373385BU6 02/01/2027 2,3142.72010/31/2018 392,651.00 3.412 3.460335,826.77
State of Georgia1980 MUN 1,200,000.00373384PB6 11/01/2027 2,5875.01411/30/2018 1,549,464.00 3.649 3.7001,294,363.50
State of Georgia2086 MUN 1,500,000.00373384RV0 10/01/2023 1,0953.72008/29/2019 1,655,880.00 1.749 1.7741,584,092.53
State of Georgia2229 MUN 425,000.00373384RY4 10/01/2026 2,1914.31001/31/2020 517,981.50 1.837 1.863483,394.42
State of Georgia2332 MUN 1,000,000.00373384RW8 10/01/2024 1,4613.82003/23/2020 1,139,920.00 1.889 1.9151,072,572.72
City of Glendora2109 MUN 1,345,000.00378612AL9 06/01/2028 2,8002.26509/16/2019 1,406,358.90 2.318 2.3501,337,090.11
City of Glendora2137 MUN 400,000.00378612AL9 06/01/2028 2,8002.26510/02/2019 418,248.00 2.194 2.225401,104.35
State of Hawaii1685 MUN 1,045,000.00419792DA1 10/01/2026 2,1913.15010/19/2016 1,174,809.90 2.431 2.4651,082,853.16
State of Hawaii1852 MUN 225,000.00419791YP7 02/01/2022 4884.80009/21/2017 238,295.25 2.071 2.100232,699.64
State of Hawaii1944 MUN 1,000,000.00419792NH5 10/01/2022 7301.92103/20/2018 1,031,830.00 2.584 2.620986,893.44
State of Hawaii1946 MUN 355,000.00419791YP7 02/01/2022 4884.80003/21/2018 375,976.95 2.761 2.800363,909.84
State of Hawaii1947 MUN 1,500,000.00419792NH5 10/01/2022 7301.92103/29/2018 1,547,745.00 2.663 2.7001,478,127.00
State of Hawaii1961 MUN 250,000.00419791YS1 02/01/2025 1,5845.23010/25/2018 297,902.50 3.363 3.410267,607.05
State of Hawaii1981 MUN 500,000.00419791YV4 02/01/2028 2,6795.48011/30/2018 647,245.00 3.687 3.739553,599.76
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 14
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Municipal Bonds
State of Hawaii1995 MUN 800,000.00419791YT9 02/01/2026 1,9495.33012/06/2018 982,312.00 3.304 3.350874,539.25
State of Hawaii2019 MUN 750,000.00419792NH5 10/01/2022 7301.92101/17/2019 773,872.50 2.613 2.650739,641.23
State of Hawaii2331 MUN 1,000,000.00419792YK6 01/01/2021 923.25003/23/2020 1,007,290.00 1.327 1.3461,004,706.90
City of Los Angeles1748 MUN 1,000,000.00544351KS7 09/01/2023 1,0652.64002/14/2017 1,064,060.00 2.784 2.8231,000,792.96
City of Los Angeles1879 MUN 1,090,000.00544351KR9 09/01/2022 7002.44012/11/2017 1,132,782.50 2.355 2.3881,091,013.12
City of Los Angeles1969 MUN 295,000.00544351NP0 09/01/2026 2,1613.30011/02/2018 335,807.35 3.530 3.579290,762.71
City of Los Angeles2008 MUN 1,000,000.00544351MS5 09/01/2026 2,1613.50001/07/2019 1,149,830.00 3.077 3.1191,019,838.24
City of Los Angeles2200 MUN 840,000.00544351NQ8 09/01/2027 2,5263.40001/06/2020 966,890.40 2.360 2.393893,144.10
City of Los Angeles2213 MUN 985,000.00544351LQ0 09/01/2029 3,2573.05001/22/2020 1,091,567.15 2.413 2.4461,031,956.99
City of Los Angeles2283 MUN 1,000,000.00544351KV0 09/01/2026 2,1613.15003/05/2020 1,129,710.00 1.519 1.5411,090,260.57
Los Angeles Dept. of WTR & PWR1949 MUN 1,500,000.00544495VX9 07/01/2027 2,4645.51603/29/2018 1,903,155.00 3.254 3.3001,691,920.41
Los Angeles Dept. of WTR & PWR1965 MUN 425,000.00544495VX9 07/01/2027 2,4645.51610/29/2018 539,227.25 3.600 3.650470,514.44
Los Angeles Dept. of WTR & PWR1975 MUN 300,000.00544525NW4 07/01/2022 6385.18111/07/2018 323,916.00 3.166 3.210309,684.45
State of Massachusetts2227 MUN 250,000.0057582PUT5 05/01/2029 3,1344.91001/30/2020 312,242.50 2.331 2.363298,824.50
State of Maryland1689 MUN 485,000.005741925C0 03/01/2022 5164.30009/16/2016 512,383.10 1.534 1.555503,049.63
State of Maryland1762 MUN 1,000,000.00574193NC8 03/15/2022 5302.25003/22/2017 1,028,310.00 2.219 2.2501,000,000.00
State of Maryland1941 MUN 1,500,000.00574193PU6 03/15/2021 1652.48003/21/2018 1,515,075.00 2.406 2.4401,500,261.12
State of Maryland1943 MUN 1,280,000.005741925D8 03/01/2023 8814.40003/20/2018 1,404,185.60 2.633 2.6701,329,808.75
State of Maryland1958 MUN 1,690,000.005741926L9 08/01/2024 1,4004.20010/19/2018 1,920,955.40 3.413 3.4611,732,997.82
State of Maryland2184 MUN 500,000.005741926N5 08/01/2025 1,7654.35012/16/2019 587,485.00 2.089 2.118550,567.41
State of Maryland - Dept/Trans2134 MUN 1,000,000.00574204WH2 06/15/2023 9874.45010/15/2019 1,103,110.00 1.893 1.9201,065,774.52
State of Michigan2002 MUN 825,000.005946108C4 05/15/2026 2,0523.85012/21/2018 862,339.50 3.452 3.500839,171.99
Menlo Park City School Dist.2104 MUN 1,000,000.00586840ND8 07/01/2027 2,4642.21410/08/2019 1,060,410.00 2.183 2.2141,000,000.00
Mtn. View-Whisman School Dist.1348 MUN 500,000.0062451FFK1 08/01/2021 3042.97307/24/2014 510,385.00 2.893 2.933500,839.34
Marin Community College Dist.1858 MUN 500,000.0056781RGU5 08/01/2027 2,4953.27209/28/2017 570,390.00 2.791 2.830513,091.53
Marin Community College Dist.1973 MUN 120,000.0056781RGT8 08/01/2026 2,1303.17211/05/2018 134,257.20 3.452 3.500118,000.10
Marin Community College Dist.2084 MUN 250,000.0056781RJL2 08/01/2027 2,4953.33008/29/2019 286,145.00 1.874 1.900272,577.31
Marin Community College Dist.2287 MUN 310,000.0056781RJJ7 08/01/2025 1,7655.00003/06/2020 372,167.40 1.193 1.210364,805.26
Mt. San Antonio Community Coll1489 MUN 1,335,000.00623040GX4 08/01/2023 1,0344.10310/26/2015 1,473,506.25 2.490 2.5251,388,878.50
Mt. San Antonio Community Coll2208 MUN 230,000.00623040KQ4 08/01/2029 3,2262.56902/04/2020 253,733.70 2.533 2.569230,000.00
State of Mississippi1968 MUN 1,500,000.00605581LM7 11/01/2026 2,2223.75111/07/2018 1,761,210.00 3.377 3.4241,525,820.51
State of Mississippi1972 MUN 500,000.00605581LM7 11/01/2026 2,2223.75111/07/2018 587,070.00 3.401 3.449507,940.08
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 15
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Municipal Bonds
State of Mississippi2087 MUN 750,000.00605581HL4 12/01/2024 1,5222.98708/30/2019 825,907.50 1.745 1.770786,153.49
State of Mississippi2090 MUN 500,000.00605581HL4 12/01/2024 1,5222.98709/04/2019 550,605.00 1.783 1.807523,330.68
State of Mississippi2096 MUN 150,000.006055805W5 11/01/2025 1,8574.68109/09/2019 180,133.50 1.888 1.914169,864.02
State of Mississippi2189 MUN 250,000.006055805V7 11/01/2024 1,4924.51112/19/2019 290,220.00 2.079 2.108273,193.19
State of Mississippi2329 MUN 1,000,000.00605581LJ4 11/01/2023 1,1263.40803/20/2020 1,092,910.00 1.626 1.6491,052,344.94
City of Napa Solid Waste2055 MUN 595,000.00630337AL7 08/01/2024 1,4002.20008/08/2019 625,975.70 1.968 1.996599,405.46
State of New Hampshire1948 MUN 1,500,000.00644682M37 06/01/2021 2433.50003/22/2018 1,525,215.00 2.544 2.5801,508,766.58
New York St Envrnmntl Facs2007 MUN 450,000.0064985HWS2 07/15/2024 1,3832.12001/04/2019 471,690.00 2.860 2.900437,791.82
New York State Urban Dev Corp.2097 MUN 700,000.006500357D4 03/15/2026 1,9913.07009/09/2019 768,971.00 2.071 2.100734,446.18
New York State Envrnmntl Corp1933 MUN 2,000,000.0064986DEE1 06/15/2022 6222.43802/15/2018 2,064,340.00 2.624 2.6611,992,839.72
New York State Envrnmntl Corp2022 MUN 1,000,000.00649791CN8 03/01/2023 8814.69001/22/2019 1,104,750.00 2.752 2.7911,043,058.82
New York State Envrnmntl Corp2024 MUN 1,000,000.00649791CN8 03/01/2023 8814.69002/08/2019 1,104,750.00 2.751 2.7901,043,113.47
New York State Envrnmntl Corp2146 MUN 1,500,000.00649791PQ7 02/15/2025 1,5982.12010/31/2019 1,591,500.00 2.063 2.0911,501,821.87
New York State Envrnmntl Corp2224 MUN 580,000.00649791PS3 02/15/2027 2,3282.36001/30/2020 624,097.40 1.933 1.960593,740.83
City of Oakland2293 MUN 1,500,000.00672240WY0 01/15/2030 3,3932.11003/09/2020 1,528,245.00 1.436 1.4561,584,477.02
City of Oakland2307 MUN 1,500,000.00672240WY0 01/15/2030 3,3932.11003/13/2020 1,528,245.00 1.638 1.6611,557,481.49
City of Oakland2313 MUN 1,080,000.00672240WY0 01/15/2030 3,3932.11003/16/2020 1,100,336.40 2.247 2.2791,064,784.47
City of Oakland2316 MUN 1,500,000.00672240WX2 01/15/2029 3,0282.07003/16/2020 1,537,080.00 2.151 2.1811,487,328.09
Ohlone Community College Distr2165 MUN 600,000.00677765GY9 08/01/2027 2,4952.23711/22/2019 637,644.00 2.271 2.303597,516.01
Ohlone Community College Distr2175 MUN 280,000.00677765GY9 08/01/2027 2,4952.23712/06/2019 297,567.20 2.327 2.360277,854.84
Ohlone Community College Distr2179 MUN 970,000.00677765HA0 08/01/2029 3,2262.33712/11/2019 1,032,206.10 2.382 2.415964,044.14
Ohlone Community College Distr2341 MUN 1,185,000.00677765GZ6 08/01/2028 2,8612.28705/08/2020 1,259,714.25 1.849 1.8751,220,244.05
State of Ohio1550 MUN 1,500,000.00677522HZ0 05/01/2021 2121.57003/09/2016 1,510,845.00 1.548 1.5691,500,000.00
State of Ohio1688 MUN 800,000.00677522JB1 05/01/2023 9422.11009/13/2016 834,152.00 1.764 1.788806,231.16
State of Ohio1742 MUN 2,000,000.00677522JB1 05/01/2023 9422.11001/31/2017 2,085,380.00 2.485 2.5201,980,498.93
State of Ohio1832 MUN 900,000.006775207G7 04/01/2024 1,2784.97106/30/2017 1,017,891.00 2.416 2.450972,760.72
State of Ohio1881 MUN 200,000.00677521GP5 11/01/2020 313.62512/21/2017 200,538.00 2.179 2.210200,227.18
State of Ohio2308 MUN 500,000.00677521CT1 09/01/2026 2,1615.26203/13/2020 623,590.00 1.710 1.734598,302.06
Orchard School District1910 MUN 200,000.00685585FD8 08/01/2027 2,4953.12501/25/2018 220,242.00 3.208 3.253198,539.62
State of Oregon1682 MUN 570,000.0068609BGH4 05/01/2022 5772.50008/29/2016 589,516.80 1.528 1.550578,175.01
State of Oregon1974 MUN 500,000.0068607LXQ5 06/01/2027 2,4345.89211/06/2018 631,760.00 3.516 3.565556,731.71
State of Oregon2003 MUN 300,000.0068608USE7 08/01/2025 1,7652.87712/21/2018 318,243.00 3.156 3.200295,804.26
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 16
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Municipal Bonds
State of Oregon2015 MUN 445,000.0068607LXQ5 06/01/2027 2,4345.89201/16/2019 562,266.40 3.537 3.587503,596.54
State of Oregon2223 MUN 570,000.0068609TDT2 05/01/2024 1,3083.22701/30/2020 625,227.30 1.641 1.664600,679.92
State of Oregon2230 MUN 495,000.0068607LXQ5 06/01/2027 2,4345.89201/31/2020 625,442.40 2.583 2.619592,650.00
State of Oregon2266 MUN 1,000,000.0068607LXQ5 06/01/2027 2,4345.89202/24/2020 1,263,520.00 2.482 2.5171,204,389.76
State of Oregon2310 MUN 350,000.0068609BXT9 05/01/2027 2,4033.08003/13/2020 398,160.00 1.302 1.320388,536.56
State of Oregon2378 MUN 355,000.0068609TVS4 06/01/2030 3,5301.67207/02/2020 365,245.30 1.433 1.452361,978.33
City of Pacifica2138 MUN 1,015,000.0069511AAS3 06/01/2025 1,7042.56310/23/2019 1,095,763.55 2.469 2.5031,017,577.23
City of Pacifica2139 MUN 580,000.0069511AAT1 06/01/2026 2,0692.66310/23/2019 634,044.40 2.611 2.647580,447.80
Pasadena CA Public Finance Aut1985 MUN 665,000.00702274CP4 12/01/2023 1,1563.43812/06/2018 723,726.15 3.205 3.250668,623.68
Palo Alto Unified School Dist.1192 MUN 2,000,000.00697379UE3 08/01/2021 3042.44105/10/2013 2,033,240.00 2.031 2.0602,005,809.52
Palo Alto Unified School Dist.1193 MUN 1,800,000.00697379UE3 08/01/2021 3042.44105/13/2013 1,829,916.00 2.031 2.0601,805,228.40
Palo Alto Unified School Dist.1195 MUN 1,990,000.00697379UE3 08/01/2021 3042.44105/15/2013 2,023,073.80 2.051 2.0801,995,473.17
Palo Alto Unified School Dist.1437 MUN 200,000.00697379UE3 08/01/2021 3042.44101/27/2015 203,324.00 2.041 2.070200,575.43
Palo Alto Unified School Dist.1610 MUN 1,000,000.00697379UE3 08/01/2021 3042.44105/12/2016 1,016,620.00 1.528 1.5501,007,103.25
Redondo Beach Unified School D2388 MUN 750,000.00757710UE6 08/01/2030 3,5911.66008/06/2020 752,497.50 1.439 1.459763,766.12
State of Rhode Island2192 MUN 260,000.0076222RYN6 01/15/2025 1,5672.00012/20/2019 272,846.60 2.231 2.262259,522.67
State of Rhode Island2219 MUN 1,500,000.0076222RXB3 04/01/2028 2,7393.25001/27/2020 1,706,535.00 2.077 2.1061,617,565.56
State of Rhode Island2239 MUN 550,000.0076222RXB3 04/01/2028 2,7393.25002/06/2020 625,729.50 1.990 2.018596,614.33
Redwood City School District2130 MUN 1,000,000.00757889EH9 08/01/2027 2,4952.28410/16/2019 1,062,430.00 2.252 2.2841,000,000.00
Redwood City School District2253 MUN 1,095,000.00757889EG1 08/01/2026 2,1302.15902/13/2020 1,149,859.50 1.727 1.7511,119,526.02
Santa Barbara Unified School D2385 MUN 490,000.00801315KU5 08/01/2029 3,2261.65307/21/2020 499,167.90 1.483 1.504495,988.28
San Bernardino Cmty College Di2166 MUN 1,500,000.00796720NC0 08/01/2028 2,8612.59012/12/2019 1,651,500.00 2.554 2.5901,500,000.00
San Bernardino Cmty College Di2365 MUN 2,000,000.00796720NV8 08/01/2029 3,2261.84807/07/2020 2,066,300.00 1.822 1.8482,000,000.00
County of Santa Clara1897 MUN 1,340,000.00801546PH9 08/01/2023 1,0342.50001/11/2018 1,412,802.20 2.436 2.4701,341,052.44
County of Santa Clara1899 MUN 1,460,000.00801546PJ5 08/01/2024 1,4002.68001/12/2018 1,568,113.00 2.643 2.6801,460,000.00
Santa Clara Vly Transportation1964 MUN 1,400,000.0080168NEL9 04/01/2021 1824.64910/29/2018 1,429,092.00 3.008 3.0501,410,704.22
Santa Clara Valley Water Dist.2181 MUN 1,555,000.0080168ACV7 06/01/2028 2,8002.43412/12/2019 1,642,499.85 2.416 2.4501,553,268.64
Santa Cruz County Capital Fin.1906 MUN 465,000.0080181PCT2 06/01/2024 1,3392.50001/25/2018 494,043.90 2.968 3.010457,132.83
Santa Cruz County Capital Fin.1907 MUN 465,000.0080181PCU9 06/01/2025 1,7042.75001/25/2018 505,971.15 3.008 3.050459,198.57
Santa Cruz County Capital Fin.1908 MUN 470,000.0080181PCV7 06/01/2026 2,0693.00001/25/2018 522,503.70 3.107 3.150466,500.99
Santa Cruz County Capital Fin.1909 MUN 280,000.0080181PCW5 06/01/2027 2,4343.00001/25/2018 303,049.60 3.205 3.250275,997.15
Sequoia Union High School Dist2320 MUN 400,000.00817409N35 07/01/2025 1,7341.73503/18/2020 418,020.00 1.381 1.400406,110.35
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 17
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Municipal Bonds
City & County of San Francisco1441 MUN 360,000.00797646NL6 06/15/2022 6224.95002/09/2015 387,208.80 2.416 2.450373,966.62
City & County of San Francisco1509 MUN 1,000,000.00797646NC6 06/15/2025 1,7185.45011/27/2015 1,216,070.00 3.067 3.1101,094,623.55
City & County of San Francisco1711 MUN 2,105,000.00797646T48 06/15/2025 1,7182.29011/01/2016 2,207,934.50 2.219 2.2492,108,561.27
City & County of San Francisco1712 MUN 245,000.00797646T55 06/15/2026 2,0832.39011/01/2016 259,540.75 2.376 2.410244,748.68
City & County of San Francisco1839 MUN 230,000.00797646T48 06/15/2025 1,7182.29007/14/2017 241,247.00 2.682 2.720225,835.94
City & County of San Francisco2014 MUN 1,420,000.00797646ND4 06/15/2026 2,0835.60001/16/2019 1,788,163.40 3.304 3.3501,580,193.38
City & County of San Francisco2148 MUN 1,120,000.007976466C5 06/15/2029 3,1792.10010/31/2019 1,177,220.80 2.337 2.3691,096,562.31
San Francisco Cmnty Facs Dist1937 MUN 680,000.0079772EBC2 09/01/2027 2,5263.25003/02/2018 744,151.20 3.451 3.499670,099.83
San Francisco Cmnty Facs Dist2132 MUN 350,000.0079772ECL1 09/01/2029 3,2573.64810/11/2019 396,490.50 2.398 2.431383,535.92
San Francisco Cmnty Facs Dist2309 MUN 130,000.0079772ECJ6 09/01/2027 2,5263.46803/13/2020 144,098.50 1.577 1.599145,765.37
SF Bay Area Rapid Transit Dist1938 MUN 2,100,000.00797669XU7 07/01/2021 2732.38703/07/2018 2,130,072.00 2.494 2.5282,097,871.41
SF Bay Area Rapid Transit Dist1939 MUN 1,500,000.00797669XU7 07/01/2021 2732.38703/07/2018 1,521,480.00 2.497 2.5311,498,445.79
SF Bay Area Rapid Transit Dist2018 MUN 875,000.00797669XU7 07/01/2021 2732.38701/17/2019 887,530.00 2.544 2.579873,781.63
SF Bay Area Rapid Transit Dist2029 MUN 200,000.00797669XW3 07/01/2023 1,0032.62102/25/2019 210,326.00 2.672 2.710199,538.51
San Jose Evergreen Cmnty Colll1966 MUN 315,000.00798189PK6 09/01/2027 2,5263.72810/29/2018 360,463.95 3.676 3.727315,000.00
San Jose Evergreen Cmnty Colll2105 MUN 500,000.00798189QA7 08/01/2028 2,8612.35010/01/2019 545,475.00 2.317 2.350500,000.00
San Jose Unified School Dist.1435 MUN 580,000.00798186C83 08/01/2023 1,0342.50001/29/2015 610,670.40 2.663 2.700577,080.64
Santa Monica Cmnty College Dis2025 MUN 215,000.00802385QW7 08/01/2022 6692.90802/19/2019 224,589.00 2.714 2.752215,588.39
Santa Monica Cmnty College Dis2091 MUN 315,000.00802385RC0 08/01/2028 2,8613.47209/05/2019 366,981.30 1.972 2.000348,115.91
San Mateo Union High School Dt1518 MUN 180,000.00799017KV9 09/01/2021 3352.72001/19/2016 183,747.60 2.046 2.075180,999.11
San Mateo Union High School Dt1902 MUN 1,000,000.00799017UW6 09/01/2025 1,7962.69901/16/2018 1,092,830.00 2.786 2.825994,448.20
San Mateo Union High School Dt1940 MUN 1,000,000.00799017UW6 09/01/2025 1,7962.69903/09/2018 1,092,830.00 2.959 3.000986,823.63
San Mateo Union High School Dt2178 MUN 1,565,000.00799017VM7 09/01/2028 2,8922.54212/11/2019 1,651,528.85 2.311 2.3431,587,059.77
Solano Cnty Community Clg Dist2176 MUN 1,150,000.0083412PFQ0 08/01/2028 2,8612.71712/09/2019 1,258,123.00 2.462 2.4961,167,746.88
South Pasadena Unified School1914 MUN 180,000.00839278JM1 08/01/2027 2,4953.00002/15/2018 195,696.00 3.057 3.100178,939.01
South Pasadena Unified School2161 MUN 370,000.00839278KC1 08/01/2029 3,2265.00012/12/2019 463,284.40 2.598 2.634437,889.38
South Pasadena Unified School2162 MUN 250,000.00839278KB3 08/01/2028 2,8615.00012/12/2019 308,945.00 2.549 2.584292,154.87
South Pasadena Unified School2163 MUN 145,000.00839278KA5 08/01/2027 2,4955.00012/12/2019 176,411.35 2.500 2.534167,084.52
South Pasadena Unified School2164 MUN 390,000.00839278JZ2 08/01/2026 2,1305.00012/12/2019 463,893.30 2.378 2.411444,117.76
San Rafael City High Sch Distr2150 MUN 1,755,000.00799289MR1 08/01/2024 1,4001.96511/13/2019 1,847,172.60 1.938 1.9651,755,000.00
Sunnyvale Elementary Sch Distr2100 MUN 135,000.00867578UT1 09/01/2028 2,8922.19009/19/2019 139,882.95 2.157 2.187135,000.00
Sunnyvale Elementary Sch Distr2101 MUN 135,000.00867578US3 09/01/2027 2,5262.09009/19/2019 139,645.35 2.061 2.090135,000.00
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 18
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Municipal Bonds
State of Tennessee1673 MUN 1,000,000.00880541XY8 08/01/2026 2,1302.11608/25/2016 1,065,700.00 1.923 1.9501,008,755.87
State of Tennessee1674 MUN 1,650,000.00880541XX0 08/01/2025 1,7652.06608/25/2016 1,748,505.00 1.893 1.9201,660,638.68
State of Tennessee1676 MUN 700,000.00880541XX0 08/01/2025 1,7652.06608/25/2016 741,790.00 1.893 1.920704,513.38
State of Tennessee2001 MUN 205,000.00880541QU4 08/01/2024 1,4003.72812/20/2018 228,941.95 2.860 2.900210,960.36
State of Texas1482 MUN 920,000.00882723PP8 10/01/2021 3652.58910/14/2015 941,748.80 1.864 1.890926,053.23
State of Texas1621 MUN 500,000.00882723A41 10/01/2020 01.77706/07/2016 500,000.00 1.450 1.470500,000.00
State of Texas1708 MUN 110,000.00882722VJ7 04/01/2022 5473.67310/19/2016 115,443.90 1.825 1.850112,848.29
State of Texas1855 MUN 250,000.00882723EN5 08/01/2025 1,7653.83209/22/2017 265,805.00 2.747 2.785261,278.63
State of Texas2013 MUN 1,000,000.00882722VH1 04/01/2021 1823.52301/11/2019 1,016,260.00 3.503 3.5521,003,570.75
State of Texas2195 MUN 1,500,000.008827237P8 10/01/2025 1,8263.05112/23/2019 1,670,775.00 1.975 2.0031,573,827.72
State of Texas2225 MUN 940,000.008827237T0 10/01/2029 3,2873.52101/30/2020 1,080,689.80 2.191 2.2211,038,428.61
State of Texas2255 MUN 1,265,000.008827237T0 10/01/2029 3,2873.52102/14/2020 1,454,332.55 2.192 2.2221,397,403.58
State of Texas2311 MUN 250,000.008827237N3 10/01/2024 1,4612.89903/16/2020 272,810.00 1.231 1.248265,998.53
University of California2077 MUN 1,500,000.0091412GQG3 05/15/2025 1,6873.05008/26/2019 1,660,875.00 1.930 1.9571,571,291.77
University of California2095 MUN 1,000,000.0091412GQG3 05/15/2025 1,6873.05009/09/2019 1,107,250.00 1.797 1.8211,053,677.42
State of Utah1731 MUN 610,000.00917542QR6 07/01/2024 1,3694.55401/04/2017 665,192.80 2.904 2.944642,814.81
State of Utah1990 MUN 1,000,000.00917542QU9 07/01/2021 2733.36911/29/2018 1,022,550.00 2.959 3.0001,002,636.27
State of Utah2306 MUN 1,500,000.00917542QV7 07/01/2025 1,7343.53903/13/2020 1,641,210.00 1.948 1.9751,605,248.35
State of Washington1672 MUN 250,000.0093974DHW1 08/01/2022 6692.74008/08/2016 261,132.50 1.504 1.524255,298.55
State of Washington1721 MUN 515,000.0093974CPH7 08/01/2022 6694.63612/05/2016 553,872.20 2.465 2.500533,692.83
State of Washington1778 MUN 1,500,000.0093974CPG9 08/01/2021 3044.58604/12/2017 1,551,315.00 2.081 2.1101,529,428.66
State of Washington1802 MUN 485,000.0093974CRC6 08/01/2024 1,4004.66905/23/2017 562,284.75 2.416 2.450522,605.45
State of Washington2196 MUN 500,000.0093974CRC6 08/01/2024 1,4004.66912/24/2019 579,675.00 1.978 2.005548,524.86
State of Wisconsin2000 MUN 500,000.0097705LA49 05/01/2022 5773.80012/19/2018 509,620.00 3.076 3.119505,069.80
Subtotal and Average 162,012,562.97 157,525,000.00 170,697,848.55 2.369 2.402 1,666
Supranationals (World Bank) Bonds
Inter-American Dev. Bank1978 IADB 1,500,000.004581X0CZ9 09/14/2022 7131.75011/09/2018 1,544,430.00 3.106 3.1501,461,651.22
Intl Bk Recon & Development1976 IBRD 1,500,000.00459056LD7 01/19/2023 8407.62511/08/2018 1,751,325.00 3.111 3.1551,643,326.83
Intl Bk Recon & Development1982 IBRD 1,000,000.00459058GL1 09/27/2023 1,0913.00011/27/2018 1,081,790.00 3.018 3.060998,329.06
Intl Bk Recon & Development2028 IBRD 1,500,000.0045905U2D5 02/15/2024 1,2322.50002/28/2019 1,510,980.00 2.990 3.0311,500,000.00
Intl Bk Recon & Development2106 IFC 1,500,000.0045950VNF9 09/20/2024 1,4501.70009/20/2019 1,517,220.00 1.676 1.7001,500,000.00
Intl Bk Recon & Development2154 IBRD 1,500,000.00459058HP1 11/13/2024 1,5042.05011/13/2019 1,502,550.00 2.021 2.0501,500,000.00
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
September 30, 2020
Par Value Days To
Maturity
Maturity
Date
Current
RateMarket Value
Fund ALL - Portfolio Listings
Investments by Fund Page 19
CUSIP Investment # Issuer
Purchase
Date Book Value YTM
360
YTM
365
Supranationals (World Bank) Bonds
Intl Bk Recon & Development2156 IBRD 1,500,000.00459058HQ9 11/18/2024 1,5092.16011/18/2019 1,503,075.00 2.130 2.1601,500,000.00
Intl Bk Recon & Development2159 IBRD 1,500,000.00459058HQ9 11/18/2024 1,5092.16011/18/2019 1,503,075.00 2.130 2.1601,500,000.00
Intl Bk Recon & Development2336 IBRD 1,000,000.0045905U5S9 12/12/2024 1,5332.00003/25/2020 1,003,080.00 1.839 1.8641,005,391.75
International Finance Corp.1988 IFC 1,500,000.0045950VMW3 12/15/2023 1,1703.00012/06/2018 1,507,800.00 3.328 3.3741,500,000.00
International Finance Corp.2012 IFC 2,000,000.0045950VMY9 01/15/2024 1,2012.50001/23/2019 2,011,640.00 3.103 3.1472,000,000.00
International Finance Corp.2023 IFC 1,500,000.0045950VNC6 02/15/2024 1,2322.62502/15/2019 1,511,865.00 3.054 3.0971,500,000.00
International Finance Corp.2217 IFC 1,266,000.0045950VNR3 01/15/2025 1,5671.62501/27/2020 1,283,622.72 2.186 2.2161,266,000.00
Subtotal and Average 18,874,698.86 18,766,000.00 19,232,452.72 2.622 2.659 1,263
Total Investments and Average 543,718,662.13 536,808,559.42 559,706,748.88 1.822 1.847 1,302
Portfolio CPA
AP
Run Date: 10/11/2020 - 01:57 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Attachment B
1 General Investment Guidelines:
a) The max. stated final maturity of individual securities in the portfolio should be 10 years.Full Compliance
b) A max. of 30 percent of the par value of the portfolio shall be invested in securities with maturities
beyond 5 years.24.4%
c) The City shall maintain a minimum of one month's cash needs in short term investments.Full Compliance
d) At least $50 million shall be maintained in securities maturing in less than 2 years.
Plus two managed pool accounts which provide instant liquidity:
- Local Agency Investment Fund (LAIF) - maximum investment limit i $65 million $70.2 million
- Fidelity Investments $4.8 million
e) Should market value of the portfolio fall below 95 percent of the book value, report this fact within a
reasonable time to the City Council and evaluate if there are risk of holding securities to maturity.102.94%
d) Commitments to purchase securities newly introduced on the market shall be made no more than
three (3) working days before pricing.Full Compliance
f) Whenever possible, the City will obtain three or more quotations on the purchase or sale of
comparable securities (excludes new issues, LAIF, City of Palo Alto bonds, money market
accounts, and mutual funds).Full Compliance
2 U.S. Government Securities:Full Compliance
a) There is no limit on purchase of these securities.
b) Securities will not exceed 10 years maturity.
3 U.S. Government Agency Securities:Full Compliance
a) There is no limit on purchase of these securities except for:
Callable and Multi-step-up securities provided that:
- The potential call dates are known at the time of purchase;
- the interest rates at which they "step-up" are known at the time of purchase; and
- the entire face value of the security is redeemed at the call date.
- No more than 25 percent of the par value of portfolio.15.67%
b) Securities will not exceed 10 years maturity.
4 California State, California Local Government Agencies, and other United States State Bonds:Full Compliance
a)Having at time of investment a minimum Double A (AA/Aa2) rating as provided by a nationally
recognized rating service (e.g., Moody’s, Fitch, and/or Standard and Poor’s).
b)May not exceed 30 percent of the par value of the portfolio.29.34%
5 Certificates of Deposit (CD):Full Compliance
a) May not exceed 20 percent of the par value of the portfolio;None Held
b) No more than 10 percent of the par value of the portfolio in collateralized CDs in any institution.
c) Purchase collateralized deposits only from federally insured large banks that are rated by
a nationally recognized rating agency (e.g. Moody's, Fitch, and/or Standard & Poor's).
d) For non-rated banks, deposit should be limited to amounts federally insured (FDIC)
e) Rollovers are not permitted without specific instruction from authorized City staff.
6 Banker's Acceptance Notes (BA):Full Compliance
a) No more than 30 percent of the par value of the portfolio.None Held
b) Not to exceed 180 days maturity.
c) No more than $5 million with any one institution.
Attachment C
Investment Policy Compliance
As of September 30, 2020
Investment Policy Requirements
Compliance
Check / Actual
$135.2 million
1.96%
Attachment C
Investment Policy Compliance
As of September 30, 2020
Investment Policy Requirements
Compliance
Check / Actual
7 Commercial Paper:Full Compliance
a) No more than 15 percent of the par value of the portfolio.None Held
b) Having highest letter or numerical rating from a nationally recognized rating service.
c) Not to exceed 270 days maturity.
d) No more than $3 million or 10 percent of the outstanding commercial paper of any one institution,
whichever is lesser.
8 Short-Term Repurchase Agreement (REPO):Full Compliance
a) Not to exceed 1 year.None Held
b) Market value of securities that underlay a repurchase agreement shall be valued at 102 percent or
greater of the funds borrowed against those securities.
9 Money Market Deposit Accounts Full Compliance
a) Liquid bank accounts which seek to maintain a net asset value of $1.00.
10 Mutual Funds:Full Compliance
a) No more than 20 percent of the par value of the portfolio.None Held
b) No more than 10 percent of the par value with any one institution.
11 Negotiable Certificates of Deposit (NCD):Full Compliance
a) No more than 20 percent of the par value of the portfolio.6.74%
b) No more than $5 million in any one institution.Federally Insured
12 Medium-Term Corporate Notes:Full Compliance
a) No more than 10 percent of the par value of the portfolio.3.93%
b) Not to exceed 5 years maturity.
c) Securities eligible for investment shall have a minimum rating of AA or Aa2 from a nationally
recognized rating service.
d) No more than $5 million of the par value may be invested in securities of any single issuer, other
than the U.S. Government, its agencies and instrumentality.
e) If securities owned by the City are downgraded by either rating agencies to a level below AA it
shall be the City's policy to review the credit situation and make a determination as to whether
to sell or retain such securities.
13 Supranational Organizations Securities:Full Compliance
a) Securities will not exceed 5 years maturity 3.50%
b) No more than 20 percent of the par value of the portfolio.
c) No more than 10 percent in any one institution.
d) Securities eligible for investment shall have a minimum rating of AA or Aa2 from a nationally
recognized rating service.
14 Prohibited Investments:
a) Reverse Repurchase Agreements
b) Derivatives as defined in Appendix B of the Investment Policy
15 All securities shall be delivered to the City's safekeeping custodian, and held in the name of the
City, with the exception of :
- Certificates of Deposit, Mutual Funds, and Local Agency Investment Fund (LAIF)
Full Compliance
None Held
Full Compliance