2023/06/06 Post Agenda Packet
REGULAR MEETING OF THE CITY COUNCIL
**POST AGENDA**
Date:Tuesday, June 6, 2023, 5:00 p.m.
Location:Council Chambers, 276 Fourth Avenue, Chula Vista, CA
View the Meeting Live in English & Spanish: chulavistaca.gov/councilmeetings
Cox channel 24 in English only
Welcome to your City Council Meeting
PUBLIC COMMENTS: Public comments may be submitted to the City Council in the following ways:
In-Person. The community is welcome to make public comments at this City Council meeting. •
Submit an eComment: Visit www.chulavistaca.gov/councilmeetings, locate the meeting and click the
comment bubble icon. Select the item and click "Leave Comment." eComments can be submitted
until the conclusion of public comments for the item and are viewable online upon submittal. If you
have difficulty submitting eComments, email comments to: cityclerk@chulavistaca.gov.
•
HOW TO WATCH: Live stream is available at www.chulavistaca.gov/councilmeetings. To switch the video to
Spanish, please click on "ES" in the bottom right hand corner. Meetings are available anytime on the City's
website (English and Spanish).
ACCESSIBILITY: Individuals with disabilities or special needs are invited to request modifications or
accommodations to access and/or participate in a City meeting by contacting the City Clerk’s Office at
cityclerk@chulavistaca.gov or (619) 691-5041 (California Relay Service is available for the hearing impaired
by dialing 711) at least forty-eight hours in advance of the meeting.
SPEAKER TIME LIMITS: The time allotted for speakers may be adjusted by the Mayor.
- Five minutes* for specific items listed on the agenda
- Three minutes* for items NOT on the agenda (called to speak during Public Comments)
- A group of individuals may select a spokesperson to speak on their behalf on an agenda item, waiving
their option to speak individually on the same item. Generally, five minutes are allotted per person, up to
a limit of 30 minutes, although the limits may be adjusted. Members of the group must be present.
*Individuals who use a translator will be allotted twice the amount of time.
GETTING TO KNOW YOUR AGENDA
Agenda Sections:
CONSENT CALENDAR items are routine items that are not expected to prompt discussion. All items are
considered for approval at the same time with one vote. Councilmembers and staff may request items be
removed and members of the public may submit a speaker slip if they wish to comment on an item. Items
removed from the Consent Calendar are discussed after the vote on the remaining Consent Calendar items.
PUBLIC COMMENT provides the public with an opportunity to address the Council on any matter not listed on
the agenda that is within the jurisdiction of the Council. In compliance with the Brown Act, the Council cannot
take action on matters not listed on the agenda.
PUBLIC HEARINGS are held on matters specifically required by law. The Mayor asks for presentations from
staff and from the proponent or applicant involved (if applicable) in the matter under discussion. Following
questions from the Councilmembers, the Mayor opens the public hearing and asks for public comments. The
hearing is closed, and the City Council may discuss and take action.
ACTION ITEMS are items that are expected to cause discussion and/or action by the Council but do not
legally require a Public Hearing. Staff may make a presentation and Councilmembers may ask questions of
staff and the involved parties before the Mayor invites the public to provide input.
CLOSED SESSION may only be attended by members of the Council, support staff, and/or legal counsel. The
most common purpose of a Closed Session is to avoid revealing confidential information that may prejudice
the legal or negotiating position of the City or compromise the privacy interests of employees. Closed
sessions may be held only as specifically authorized by law.
Council Actions:
RESOLUTIONS are formal expressions of opinion or intention of the Council and are usually effective
immediately.
ORDINANCES are laws adopted by the Council. Ordinances usually amend, repeal or supplement the
Municipal Code; provide zoning specifications; or appropriate money for specific purposes. Most ordinances
require two hearings: an introductory hearing, generally followed by a second hearing at the next regular
meeting. Most ordinances go into effect 30 days after the final approval.
PROCLAMATIONS are issued by the City to honor significant achievements by community members,
highlight an event, promote awareness of community issues, and recognize City employees.
City of Chula Vista City Council
June 06, 2023 Post Agenda Page 2 of 156
Pages
1.CALL TO ORDER
2.ROLL CALL
3.PLEDGE OF ALLEGIANCE TO THE FLAG AND MOMENT OF SILENCE
4.CONSENT CALENDAR (Items 4.1 through 4.7)
All items listed under the Consent Calendar are considered and acted upon by one
motion. Anyone may request an item be removed for separate consideration.
RECOMMENDED ACTION:
Council approve the recommended action on the below consent calendar items.
4.1 Approval of Meeting Minutes 8
RECOMMENDED ACTION:
Approve the minutes dated: May 16, 2023, 4:00 p.m. and 5:00 p.m., and May 23,
2023.
4.2 Waive Reading of Text of Resolutions and Ordinances
RECOMMENDED ACTION:
Approve a motion to read only the title and waive the reading of the text of all
resolutions and ordinances at this meeting.
4.3 Consideration of Requests for Excused Absences
RECOMMENDED ACTION:
Consider requests for excused absences as appropriate.
4.4 Position Titles: Amend the Chula Vista Municipal Code to Add the Unclassified
Position Titles of Building Official, Deputy Director City Clerk Services, and Code
Enforcement Manager (Second Reading and Adoption)
28
Report Number: 23-0139
Location: No specific geographic location
Department: Finance
Environmental Notice: The activity is not a "Project" as defined under Section
15378 of the California Environmental Quality Act State Guidelines; therefore,
pursuant to State Guidelines Section 15060(c)(3) no environmental review is
required.
RECOMMENDED ACTION:
Adopt an ordinance amending Chula Vista Municipal Code Section 2.05.010 to
add the Unclassified Position Titles of Building Official, Deputy Director City Clerk
Services, and Code Enforcement Manager. (Second Reading and Adoption) (4/5
Vote Required)
City of Chula Vista City Council
June 06, 2023 Post Agenda Page 3 of 156
4.5 Grant Award: Accept a Grant from the California Board of State and Community
Corrections for the Officer Wellness and Mental Health Grant Program
40
Report Number: 23-0127
Location: No specific geographic location
Department: Police
Environmental Notice: The activity is not a “Project” as defined under Section
15378 of the California Environmental Quality Act State Guidelines; therefore,
pursuant to State Guidelines Section 15060(c)(3) no environmental review is
required.
RECOMMENDED ACTION:
Adopt a resolution accepting $163,585 of grant funds from the California Board of
State and Community Corrections for the Officer Wellness and Mental Health
Grant Program and amending the Fiscal Year 2023/24 budget for that purpose.
(4/5 Vote Required)
4.6 Agreement: Approve an Agreement with SBCS Corporation for Youth Counseling
Services
44
Report Number: 23-0140
Location: No specific geographic location
Department: Police
Environmental Notice: The activity is not a “Project” as defined under Section
15378 of the California Environmental Quality Act State Guidelines; therefore,
pursuant to State Guidelines Section 15060(c)(3) no environmental review is
required.
RECOMMENDED ACTION:
Adopt a resolution waiving the consultant selection process and approving an
agreement with SBCS Corporation for youth counseling services.
4.7 Investment Report: Quarter Ending March 31, 2023 63
Report Number: 23-0146
Location: No specific geographic location
Department: Finance
Environmental Notice: The activity is not a “Project” as defined under Section
15378 of the California Environmental Quality Act State Guidelines; therefore,
pursuant to State Guidelines Section 15060(c)(3) no environmental review is
required.
RECOMMENDED ACTION:
Receipt of the investment report for the quarter ending on March 31, 2023.
City of Chula Vista City Council
June 06, 2023 Post Agenda Page 4 of 156
5.PUBLIC COMMENTS 84
The public may address the Council on any matter within the jurisdiction of the Council
but not on the agenda.
6.BOARD AND COMMISSION REPORTS
The following item(s) have been brought forward by a City board, commission, or
committee.
6.1 Charter Review Commission: Presentation by the Charter Review Commission to
City Council Regarding the Ranked Choice Voting Concept
94
Report Number: 23-0124
Location: No specific geographic location
Department: City Attorney
Environmental Notice: The activity is not a “Project” as defined under Section
15378 of the California Environmental Quality Act State Guidelines; therefore,
pursuant to State Guidelines Section 15060(c)(3) no environmental review is
required.
RECOMMENDED ACTION:
Hear the presentation and provide feedback to the Charter Review Commission.
7.ACTION ITEMS
The following item(s) will be considered individually and are expected to elicit discussion
and deliberation.
7.1 Eucalyptus Park: Approve the Park Master Plan for Renovation of Eucalyptus
Park and Reallocate American Rescue Plan Act Funds to Capital Improvement
Project PRK0340 (Eucalyptus Park) for Related Construction Costs
98
Report Number: 23-0070
Location: 436 C Street
Department: Development Services
Environmental Notice: The Project qualifies for a Categorical Exemption pursuant
to the California Environmental Quality Act (“CEQA”) State Guidelines Section
15301 Class 1 (Existing Facilities), Section 15303 class 3 (New Construction or
Conversion of Small Structures), and Section 15304 Class 4 (Minor Alterations to
Land).
RECOMMENDED ACTION:
To adopt Resolution No. 2023-074, heading read, text waived. The motion carried
by the following vote:
City of Chula Vista City Council
June 06, 2023 Post Agenda Page 5 of 156
7.2 Easement: Order the Summary Vacation of a Portion of a Public Service
Easement Within the Otay River Business Park Specific Plan
135
Report Number: 23-0145
Location: 2855 Faivre Street
Department: Development Services
Environmental Notice: The Project was adequately covered in a previously
adopted Mitigated Negative Declaration (“MND”) and Mitigation Monitoring and
Reporting Program (“MMRP”) (IS15-0005/MPA15-0022; SCH #2017111012;
adopted by Ordinance No. 3421 on March 13, 2018) for the Otay River Business
Park (“ORBP”) Specific Plan.
RECOMMENDED ACTION:
Adopt a resolution ordering the summary vacation of a portion of a public service
easement reserved by the County of San Diego within Parcel 1 of Certificate of
Compliance “ER484” of the Otay River Business Park Specific Plan.
8.CITY MANAGER’S REPORTS
9.MAYOR’S REPORTS
10.COUNCILMEMBERS’ COMMENTS
10.1 Deputy Mayor Preciado:151
Consideration of Potential Rescission of the City Council Action Taken to
Appoint Jesse Navarro to the Measure A Citizens' Oversight Committee
The City Council took action on May 16, 2023 to appoint Jesse Navarro to the
Measure A Citizens’ Oversight Committee. At the City Council meeting on May
23, 2023, a consensus of the City Council directed staff to agendize potential
rescission of that action at this meeting.
Location: No specific geographic location
Environmental Notice: The activity is not a "Project" as defined under Section
15378 of the California Environmental Quality Act State Guidelines; therefore,
pursuant to State Guidelines Section 15060(c)(3) no environmental review is
required.
RECOMMENDED ACTION:
Discuss potential rescission of the action taken on May 16, 2023 to appoint
Jesse Navarro to the Measure A Citizens’ Oversight Committee and take action
as appropriate.
City of Chula Vista City Council
June 06, 2023 Post Agenda Page 6 of 156
10.2 Councilmember Gonzalez:
Consider the formation of an ad hoc subcommittee for the purposes of informing
the City's strategic plan and budget process.
Location: No specific geographic location
Environmental Notice: The activity is not a "Project" as defined under Section
15378 of the California Environmental Quality Act State Guidelines; therefore,
pursuant to State Guidelines Section 15060(c)(3) no environmental review is
required.
RECOMMENDED ACTION:
Consider forming the ad hoc subcommittee and take action as appropriate.
11.CITY ATTORNEY'S REPORTS
12.ADJOURNMENT
to a special City Council meeting on June 8, 2023, at 5:00 p.m. in the Council Chambers;
and then to the regular City Council meeting on June 13, 2023, at 5:00 p.m. in the
Council Chambers.
Materials provided to the City Council related to an open session item on this agenda are
available for public review, please contact the Office of the City Clerk at
cityclerk@chulavistaca.gov
or (619) 691-5041.
Sign up at www.chulavistaca.gov to receive email notifications when City Council
agendas are published online.
City of Chula Vista City Council
June 06, 2023 Post Agenda Page 7 of 156
City of Chula Vista
Special Meeting of the City Council
Meeting Minutes
May 16, 2023, 4:00 p.m.
Council Chambers, 276 Fourth Avenue, Chula Vista, CA
Present: Councilmember Cardenas, Councilmember Chavez, Councilmember
Gonzalez, Mayor McCann
Absent: Deputy Mayor Preciado
Also Present: City Manager Kachadoorian; Jill Maland representing Lounsbery
Ferguson Altona & Peak LLP, Interim Acting City Attorney; Assistant City
Clerk Turner; Deputy City Clerk Kansas
The City Council minutes are prepared and ordered to correspond to the City Council Agenda.
Agenda items may be taken out of order during the meeting. The agenda items were considered
in the order presented.
_____________________________________________________________________
1. CALL TO ORDER
A special meeting of the City Council of the City of Chula Vista was called to order at 4:15
p.m. in the Council Chambers, located in City Hall, 276 Fourth Avenue, Chula Vista,
California.
2. ROLL CALL
Assistant City Clerk Turner called the roll.
3. CLOSED SESSION
Pursuant to Resolution No. 13706 and Council Policy No. 346-03, Official Minutes and
records of action taken during Closed Sessions are maintained by the City Attorney.
Acting City Attorney Maland announced that the City Council would convene in closed
session to discuss the item listed below.
Mayor McCann recessed the meeting at 4:15 p.m. The City Council convened in Closed
Session at 4:15 p.m., with all members present.
3.1 Conference with Legal Counsel Regarding Existing Litigation Pursuant to
Government Code Section 54956.9(d)(1):
Name of case: Estate of Oral Nunis, Sr., et al v. City of Chula Vista, et al., United
States District Court, Case No. 21-cv-1627-AJB-DEB
Action: No Reportable Action
4. ADJOURNMENT
The meeting was adjourned at 5:05 p.m.
Page 8 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023-05-16 City Council Special Meeting Minutes
Page 2
Minutes prepared by: Tyshar Turner, Assistant City Clerk
_________________________
Kerry K. Bigelow, MMC, City Clerk
Page 9 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista
Regular Meeting of the City Council
Meeting Minutes
May 16, 2023, 5:00 p.m.
Council Chambers, 276 Fourth Avenue, Chula Vista, CA
Present: Councilmember Cardenas, Councilmember Chavez, Councilmember
Gonzalez, Deputy Mayor Preciado, Mayor McCann
Also Present: City Manager Kachadoorian; Jill Maland representing Lounsbery
Ferguson Altona & Peak LLP, Interim Acting City Attorney; Assistant City
Clerk Turner; Deputy City Clerk Kansas
The City Council minutes are prepared and ordered to correspond to the City Council Agenda.
Agenda items may be taken out of order during the meeting. The agenda items were considered
in the order presented.
_____________________________________________________________________
1. CALL TO ORDER
A regular meeting of the City Council of the City of Chula Vista was called to order at 5:14
p.m. in the Council Chambers, located in City Hall, 276 Fourth Avenue, Chula Vista,
California.
2. ROLL CALL
Assistant City Clerk Turner called the roll.
3. PLEDGE OF ALLEGIANCE TO THE FLAG AND MOMENT OF SILENCE
Councilmember Gonzalez led the Pledge of Allegiance.
4. SPECIAL ORDERS OF THE DAY
4.1 Presentation of a Proclamation to Acting Parks Administrator Gilbert
Contreras Proclaiming May 20, 2023, as Kids to Parks Day in the City of Chula
Vista
Acting Parks Administrator Contreras spoke regarding the item. Mayor McCann read
the proclamation and Councilmember Chavez presented it to Acting Parks
Administrator Contreras.
4.2 Presentation of a Proclamation Announcing the Opening of Chula Vista Village
at Otay and Thanking Funders and Contributors to the City's First Emergency
Bridge Shelter
Mayor McCann read the proclamation. He and Councilmember Cardenas presented
it to Homeless Services Manager Davis.
Page 10 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/16 City Council Regular Meeting Minutes
Page 2
Marlon James submitted written communications in support of the item.
Alan C. submitted written communications in opposition to the item.
4.3 Presentation of a Proclamation to The Us for Warriors Foundation and Chula
Vista Military and Veterans Proclaiming May 2023 as Military Appreciation
Month in the City of Chula Vista
Mayor McCann read the proclamation and Councilmember Cardenas presented it to
Tony Stewart, representing the American Legion.
4.4 Presentation of a Proclamation to Building Services Supervisor Mel Garcia and
Members of the Custodial Group Proclaiming May 21 through 27, 2023, Public
Works Week in the City of Chula Vista
Mayor McCann read the proclamation and Councilmember Gonzalez presented it to
Building Services Supervisor Garcia.
5. CONSENT CALENDAR (Items 5.1 through 5.9)
Acting City Attorney Maland announced that the following City Councilmembers would
abstain from voting on the items indicated due to potential property-related conflicts of
interest: Mayor McCann on Item 5.5C and Deputy Mayor Preciado on Item 5.5D.
Items 5.7 and 5.9 were removed from the Consent Calendar by a member of the public
and Deputy Mayor Preciado respectively.
Moved by Deputy Mayor Preciado
Seconded by Councilmember Cardenas
To approve the recommended actions appearing below the consent calendar items. The
headings were read, text waived. The motion carried by the following vote:
Items 5.1 through 5.5B and Item 5.8:
Yes (5): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez,
Deputy Mayor Preciado, and Mayor McCann
Result, Carried (5 to 0)
Item 5.5C:
Yes (4): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez,
and Deputy Mayor Preciado
Abstain (1): Mayor McCann
Result, Carried (4 to 0)
Item 5.5D:
Yes (4): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez,
and Mayor McCann
Abstain (1): Deputy Mayor Preciado
Result, Carried (4 to 0)
Page 11 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/16 City Council Regular Meeting Minutes
Page 3
5.1 Approval of Meeting Minutes
Approve the minutes dated: May 9, 2023
5.2 Waive Reading of Text of Resolutions and Ordinances
Approve a motion to read only the title and waive the reading of the text of all
resolutions and ordinances at this meeting.
5.3 Consideration of Request for Excused Absences
Consider requests for excused absences as appropriate. No requests were received
for this meeting.
5.4 Agreement: Approve the Second Amended and Restated Agreement Between
the City and SCG - Spicer Consulting Group, LLC. for Special Tax Consultant
Services
Adopt a resolution approving the second amended and restated agreement between
the City and SCG – Spicer Consulting Group, LLC for special tax consultant services
to extend the agreement through September 30, 2023 and increase the
compensation amount from $1,000,000 to $1,037,243.
RESOLUTION NO. 2023-049 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING SECOND AMENDED AND RESTATED CONSULTANT
SERVICES AGREEMENT BETWEEN THE CITY AND SCG – SPICER
CONSULTING GROUP, LLC.
5.5 Open Space Districts: Initiate Proceedings, Approve the Engineer’s Report,
Declare the Intention to Levy and Collect Assessments for the Open Space
Districts for Fiscal Year 2023-24, and Set a Public Hearing
Adopt resolutions A) Initiating proceedings for the levy and collection of assessments
for Fiscal Year 2023/24 for Open Space Districts 1 through 11, 14, 15, 17, 18, 20,
23, 24, 26, 31, 33, Eastlake, Town Centre Maintenance District, and Bay Boulevard
pursuant to the Landscaping and Lighting Act of 1972; B) Approving the Engineer ’s
Report, declaring the intention to levy and collect assessments; and setting a public
hearing for July 11, 2023, regarding the Fiscal Year 2023/24 assessments for Open
Space Districts 2 through 10, 14, 15, 17, 18, 20 (Zones 1 through 6, 8, And 9), 23,
24, 26, 31, 33, Eastlake Maintenance District No 1, Town Centre Maintenance
District, and Bay Boulevard Maintenance District; C) Approving the Engineer’s
Report, declaring the intention to levy and collect assessments; and setting a public
hearing for July 11, 2023, regarding the Fiscal Year 2023/24 assessments for Open
Space District 1 and Open Space District 20 Zone 7; and D) Approving the
Engineer’s Report, declaring the intention to levy and collect assessments; and
setting a public hearing for July 11, 2023, regarding the Fiscal Year 2023/24
assessments for Open Space District 11.
A) RESOLUTION NO. 2023-050 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA INITIATING PROCEEDINGS FOR THE LEVY AND COLLECTION OF
ASSESSMENTS FOR FISCAL YEAR 2023-24 FOR OPEN SPACE DISTRICTS 1
THROUGH 11, 14, 15, 17, 18, 20, 23, 24, 26, 31, 33, EASTLAKE, TOWN CENTRE,
AND BAY BOULEVARD OF THE CITY OF CHULA VISTA PURSUANT TO THE
LANDSCAPING AND LIGHTING ACT OF 1972
Page 12 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/16 City Council Regular Meeting Minutes
Page 4
B) RESOLUTION NO. 2023-051 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE ENGINEER’S REPORT, DECLARING THE INTENTION
TO LEVY AND COLLECT ASSESSMENTS; AND SETTING A PUBLIC HEARING
REGARDING THE FISCAL YEAR 2023-24 ASSESSMENTS FOR OPEN SPACE
DISTRICTS 2 THROUGH 10, 14, 15, 17, 18, 20 (ZONES 1 THROUGH 6, 8, AND
9), 23, 24, 26, 31, 33, EASTLAKE MAINTENANCE DISTRICT NO 1, TOWN
CENTRE, AND BAY BOULEVARD MAINTENANCE DISTRICT
C) RESOLUTION NO. 2023-052 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE ENGINEER’S REPORT, DECLARING THE INTENTION
TO LEVY AND COLLECT ASSESSMENTS; AND SETTING A PUBLIC HEARING
REGARDING THE FISCAL YEAR 2023-24 ASSESSMENTS FOR OPEN SPACE
DISTRICT 1 AND OPEN SPACE DISTRICT 20 ZONE 7
D) RESOLUTION NO. 2023-053 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE ENGINEER’S REPORT, DECLARING THE INTENTION
TO LEVY AND COLLECT ASSESSMENTS; AND SETTING A PUBLIC HEARING
REGARDING THE FISCAL YEAR 2023-24 ASSESSMENTS FOR OPEN SPACE
DISTRICT 11
5.6 Agreement: Approve a Sixth Amendment to the Agreement with the
Accounting Firm of Lance Soll and Lunghard, LLP to Provide Audit Services
Adopt a resolution approving an amendment to the agreement between City and the
accounting firm Lance Soll and Lunghard, LLP for audit services for Fiscal Year
2022-23.
RESOLUTION NO. 2023-054 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE SIXTH AMENDMENT TO THE AGREEMENT WITH THE
ACCOUNTING FIRM OF LANCE, SOLL AND LUNGHARD, LLP TO PROVIDE
AUDIT SERVICES
5.8 Agreement: Accept Proposals and Award an Agreement with PSC
Investigations LLC to Provide Background Investigative Services
Adopt a resolution accepting proposals and awarding an agreement to PSC
Investigations LLC to provide background investigative services.
RESOLUTION NO 2023-057 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA ACCEPTING PROPOSALS AND AWARDING AN AGREEMENT TO PSC
INVESTIGATIONS LLC TO PROVIDE BACKGROUND INVESTIGATIVE
SERVICES
ITEMS REMOVED FROM THE CONSENT CALENDAR
5.7 Agreements: Approve a Form of Agreement with Touchstone Golf, LLC for
Management of the Chula Vista Golf Course and Authorize the City Manager
to Enter into an Agreement with Huntington National Bank for the Lease of 80
Golf Carts
Alan C. submitted written communications and spoke in opposition to staff's
recommendation.
Moved by Mayor McCann
Seconded by Councilmember Gonzalez
Page 13 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/16 City Council Regular Meeting Minutes
Page 5
To adopt Resolution Nos. 2023-055 and 2023-056, headings read, text waived. The
motion carried by the following vote:
Yes (5): Councilmember Cardenas, Councilmember Chavez, Councilmember
Gonzalez, Deputy Mayor Preciado, and Mayor McCann
Result, Carried (5 to 0)
A) RESOLUTION NO 2023-055 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING A FORM OF AGREEMENT WITH TOUCHSTONE GOLF, LLC
FOR PROFESSIONAL MANAGEMENT SERVICES FOR THE CHULA VISTA GOLF
COURSE
B) RESOLUTION NO. 2023-056 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AUTHORIZING EXECUTION AND DELIVERY OF A LEASE AGREEMENT
AND APPROVING RELATED DOCUMENTS AND ACTIONS
5.9 Contracted Janitorial Services: Approve the First Amendment with Nova
Commercial to Increase the Maximum Contract Amount and Add Additional
Facilities
Sofia Martinez spoke in opposition to staff's recommendation.
Assistant Public Works Director Aguilar gave a presentation on the item. She and
Public Works Director Little responded to questions from the City Council.
City Council discussion ensued.
Moved by Mayor McCann
Seconded by Councilmember Chavez
To adopt Resolution No. 2023-058, with the commitment from staff to return to City
Council within six months with a memorandum of any findings related to responsible
sub-contracting. The heading was read, text waived. The motion carried by the
following vote:
Yes (5): Councilmember Cardenas, Councilmember Chavez, Councilmember
Gonzalez, Deputy Mayor Preciado, and Mayor McCann
Result, Carried (5 to 0)
RESOLUTION NO. 2023-058 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE FIRST AMENDMENT TO THE AGREEMENT BETWEEN
THE CITY AND NOVA COMMERCIAL FOR JANITORIAL SERVICES FOR
MULTIPLE FACILITIES
Mayor McCann recessed the meeting at 6:16 p.m. The City Council reconvened at
6:23 p.m., with all members present.
6. PUBLIC COMMENTS
Brandon Claypool, Chula Vista resident, spoke regarding homelessness and the opening
of the bridge shelter.
John Acosta, Chula Vista resident, spoke regarding Councilmembers.
Page 14 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/16 City Council Regular Meeting Minutes
Page 6
Marianna Saponara, representing Nacion Crusaders, spoke regarding traffic on Nacion
Avenue.
Jeff Redendo, Chula Vista resident, spoke regarding the permitting process for residential
development.
Raquel Almeda, representing Club Libertad y Ley, spoke regarding an upcoming carnival
in Memorial Park.
Christine Brady, Chula Vista resident, spoke in support of Arts and Culture in the City.
Alan C. spoke regarding the bridge shelter and the public commenting process.
7. ACTION ITEMS
7.1 Harborside Park and American Rescue Plan Act (ARPA): Approve an ARPA
Spending Plan Amendment to Provide Park Improvements to Reopen
Harborside Park
Housing and Homeless Services Director Kurz gave a presentation on the item. She
and City Manager Kachadoorian responded to questions from the City Council.
John Acosta, Chula Vista resident, spoke regarding improvements at Harborside
Park.
Alan C. spoke on behalf of Brandon Claypool, regarding safety at Harborside Park.
Marianna Saponara, Chula Vista resident, spoke regarding safety and art programs
at Harborside Park.
Christine Brady, Chula Vista resident, spoke in support of space for art and fitness
at Harborside Park.
CV Resident submitted written communications in support of an MOU/MOA with the
school district and County.
Council discussion ensued.
Moved by Councilmember Cardenas
Seconded by Deputy Mayor Preciado
To direct staff to evaluate and provide recommendations to City Council on 1) a joint
use agreement with the Chula Vista Elementary School District to provide additional
use and oversight of Harborside Park and maintain community access; and 2)
options to declare the Harborside Park space surplus land and to require future
developments to address community needs, such as including a recreational facility
on the site. The motion carried by the following vote:
Yes (4): Councilmember Cardenas, Councilmember Chavez, Councilmember
Gonzalez, and Deputy Mayor Preciado
No (1): Mayor McCann
Result, Carried (4 to 1)
Page 15 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/16 City Council Regular Meeting Minutes
Page 7
8. CITY MANAGER’S REPORTS
There were none.
9. MAYOR’S REPORTS
Mayor McCann spoke regarding his attendance at the ribbon cutting for the Chula Vista
Village at Otay Bridge Shelter and thanked staff and the community for their efforts.
9.1 Ratification of Appointments to the Following Commissions:
- Human Relations Commission
Christian Gomez
- Citizens' Oversight Committee - Measure A
Jesse Navarro
Deputy Mayor Preciado offered a substitute motion to appoint Christian Gomez to
the Human Relations Commission and to table the appointment of Jesse Navarro to
the Measure A Citizens' Oversight Committee.
Mayor McCann announced that the City Council would bifurcate the motion to
consider the ratifications separately.
Council discussion ensued.
Moved by Mayor McCann
Seconded by Deputy Mayor Preciado
To ratify the appointment of Christian Gomez to the Human Relations Commission.
The motion carried by the following vote:
Yes (5): Councilmember Cardenas, Councilmember Chavez, Councilmember
Gonzalez, Deputy Mayor Preciado, and Mayor McCann
Result, Carried (5 to 0)
Moved by Mayor McCann
Seconded by Councilmember Gonzalez
To ratify the appointment of Jesse Navarro to the Measure A Citizens’ Oversight
Committee. The motion carried by the following vote:
Yes (3): Councilmember Chavez, Councilmember Gonzalez, and Mayor McCann
No (2): Councilmember Cardenas, and Deputy Mayor Preciado
Result, Carried (3 to 2)
City Clerk note regarding the action to appoint Jesse Navarro to the Measure A
Citizens’ Oversight Committee: Councilmember Chavez stated she would abstain
from voting and designated her vote by the use of the amber/abstain electronic
voting indicator. Councilmember Chavez did not state a reason for abstaining,
therefore, in accordance with Chula Vista Municipal Code Section 2.04.550(A), the
vote was recorded as an affirmative vote.
Page 16 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/16 City Council Regular Meeting Minutes
Page 8
10. COUNCILMEMBERS’ COMMENTS
Councilmember Gonzalez thanked Republic Services for a recent tour of the Chula Vista
landfill and voiced his support for arts and culture in the City.
Councilmember Chavez spoke regarding the direction of the Economic Development and
Binational Affairs ad-hoc committee. She also spoke regarding establishing a long-term
vision for the Chula Vista golf course.
Deputy Mayor Preciado spoke regarding his attendance at a tour of Chula Vista parks and
the ribbon cutting for the Chula Vista Village at Otay Bridge Shelter. He thanked Mayor
McCann and Councilmember Cardenas for their leadership efforts related to the bridge
shelter. Deputy Mayor Preciado also spoke in support of scheduling a strategic planning
meeting to address tourism.
Councilmember Cardenas spoke regarding her attendance at the ribbon cutting for the
Chula Vista Village at Otay Bridge Shelter and thanked staff and the community for their
efforts.
11 . CITY ATTORNEY'S REPORTS
There were none.
12. CLOSED SESSION
Pursuant to Resolution No. 13706 and Council Policy No. 346-03, Official Minutes and
records of action taken during Closed Sessions are maintained by the City Attorney.
Acting City Attorney Maland announced that the City Council would convene in closed
session to discuss the items listed below.
Mayor McCann recessed the meeting at 8:10 p.m. The City Council convened in Closed
Session at 8:25 p.m., with all members present.
12.1 Conference with Labor Negotiators Pursuant to Government Code Section
54957.6
Steve Stenberg, Chula Vista resident spoke regarding pay parity for public safety
positions.
Alan C. spoke regarding pay parity for public safety positions and the process for
closed session items.
The following members of the public submitted written communications regarding
pay parity for safety positions:
Concerned resident with family
Mary Jo Ornelas
Concerned resident
Yvonne
Concerned employee
Concerned employee
Agency designated representatives: Maria Kachadoorian, Tiffany Allen, Courtney
Chase, Tanya Tomlinson, Sarah Schoen, Edward Prendell, and Steven Berliner
Page 17 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/16 City Council Regular Meeting Minutes
Page 9
Employee organization: ACE, IAFF, NIAF, MM/PR, POA, WCE and unrepresented
employees.
Action: No Reportable Action
13. ADJOURNMENT
The meeting was adjourned at 9:30 p.m.
Minutes prepared by: Tyshar Turner, Assistant City Clerk
_________________________
Kerry K. Bigelow, MMC, City Clerk
Page 18 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 1
City of Chula Vista
Special Meetings of the Successor Agency to the Redevelopment Agency and Housing
Authority Meeting Jointly with the City Council
Meeting Minutes
May 23, 2023, 5:00 p.m.
Council Chambers, 276 Fourth Avenue, Chula Vista, CA
Present: Councilmember Cardenas, Councilmember Chavez, Councilmember
Gonzalez, Deputy Mayor Preciado, Mayor McCann
Also Present: City Manager Kachadoorian, Jill Maland representing Lounsbery
Ferguson Altona & Peak LLP, Interim Acting City Attorney, City Clerk
Bigelow, Assistant City Clerk Turner
The City Council minutes are prepared and ordered to correspond to the City Council Agenda. Agenda
items may be taken out of order during the meeting.
The agenda items were considered in the order presented.
_____________________________________________________________________
1. CALL TO ORDER
A regular meeting of the City Council and special meetings of the Successor Agency to the
Redevelopment Agency and the Housing Authority of the City of Chula Vista were called to
order at 5:03 p.m. in the Council Chambers, located in City Hall, 276 Fourth Avenue, Chula
Vista, California.
Mayor McCann announced, pursuant to AB 23, that he and each Councilmember would receive
$50 for their attendance at that Housing Authority meeting, held simultaneously with the City
Council meeting.
2. ROLL CALL
City Clerk Bigelow called the roll.
3. PLEDGE OF ALLEGIANCE TO THE FLAG AND MOMENT OF SILENCE
Mayor McCann led the Pledge of Allegiance.
4. SPECIAL ORDERS OF THE DAY
4.1 Oaths of Office:
City Clerk Bigelow administered the oath of office and Councilmember Cardenas
presented the certificate to the Commissioner.
4.2 Presentation by Del Mar Fairground Marketing Representative Regarding the 2023
San Diego County Fair Streetlight Banner Program Within the City of Chula Vista
and the 2023 San Diego County Fair Season
Page 19 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/23 - City Council, Successor Agency, Housing Authority Meeting Minutes
Page 2
Luis Valdivia, representing the Del Mar Fairgrounds, gave a presentation on the upcoming
2023 San Diego County Fair and the Streetlight Banner Program in the City of Chula
Vista.
4.3 Presentation of a Proclamation to Chula Vista Asian Americans Proclaiming May
2023 as Asian American, Native Hawaiian, and Pacific Islander Month in the City of
Chula Vista
Mayor McCann read the proclamation and he and Councilmember Chavez presented it to
JoAnn Fields and other community members.
4.4 Presentation of a Proclamation to The Us for Warriors Foundation and Chula Vista
Military and Veterans Proclaiming May 2023 as Military Spouse Appreciation Month
in the City of Chula Vista
Mayor McCann read the proclamation and Councilmember Gonzalez presented it to
community members.
5. CONSENT CALENDAR (Items 5.1 through 5.6)
Items 5.3 and 5.6 were removed from the Consent Calendar at the request of a member of the
public.
ACTION: Moved by Councilmember Gonzalez
Seconded by Deputy Mayor Preciado
To approve the recommended actions appearing below consent calendar Items 5.1 through 5.2
and 5.4 through 5.5. The headings were read, text waived. The motion carried by the following
vote:
Yes (5): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez, Deputy
Mayor Preciado, and Mayor McCann
Result: Carried (5 to 0)
5.1 Waive Reading of Text of Resolutions and Ordinances
Approve a motion to read only the title and waive the reading of the text of all resolutions
and ordinances at this meeting.
5.2 Consideration of Requests for Excused Absences
Consider requests for excused absences as appropriate. No requests were received at
that meeting.
5.4 Agreement: Approve a Consultant Services Agreement with Chandler Asset
Management, Inc. to Provide Non-Discretionary Investment Management Services
Adopt a resolution approving an agreement with Chandler Asset Management, Inc. to
provide non-discretionary investment management services to manage the City’s
investment portfolio.
Item 5.4 heading:
RESOLUTION NO 2023-059 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
APPROVING AN AGREEMENT BETWEEN THE CITY AND CHANDLER ASSET
MANAGEMENT, INC TO PROVIDE NON-DISCRETIONARY INVESTMENT
MANAGEMENT SERVICES
Page 20 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/23 - City Council, Successor Agency, Housing Authority Meeting Minutes
Page 3
5.5 Academic Program Planning Agreement: Approve an Academic Program Planning
Agreement with Southwestern Community College District
Adopt a resolution approving an agreement with Southwestern Community College District
for academic program planning for the University Innovation District.
Item 5.5 heading:
RESOLUTION NO 2023-060 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
APPROVING AN AGREEMENT WITH SOUTHWESTERN COMMUNITY COLLEGE
DISTRICT FOR ACADEMIC PROGRAM PLANNING FOR THE UNIVERSITY
INNOVATION DISTRICT
ITEMS REMOVED FROM THE CONSENT CALENDAR
5.3 Military Equipment Use Policy: Adopt an Ordinance Approving the Amended
Military Equipment Policy and the Annual AB 481 Military Equipment Report
(Second Reading and Adoption)
Police Captain Peak and Lieutenant Adkins gave a presentation on the item.
The following members of the public spoke in support of staff's recommendation:
Delia Dominguez Cervantes, Chula Vista resident, who also spoke on behalf of
Cindy D.
Cheryl
Gina E.
Alan C.
The following members of the public submitted written communication in support of staff's
recommendation:
Kathleen Adams
Louis M.
The following members of the public submitted written communication in opposition to
staff's recommendation:
Norell Martinez
Yvonne
Kathy Hardy
Lois K. Klepin
ACTION: Moved by Mayor McCann
Seconded by Deputy Mayor Preciado
To adopt Ordinance No. 3549, heading read, text waived. The motion was carried by the
following vote:
Yes (5): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez,
Deputy Mayor Preciado, and Mayor McCann
Result: Carried (5 to 0)
ORDINANCE NO 3549 OF THE CITY OF CHULA VISTA APPROVING THE AMENDED
CHULA VISTA POLICE DEPARTMENT MILITARY EQUIPMENT USE POLICY,
AUTHORIZING FUTURE AMENDMENTS TO THE POLICY BY RESOLUTION, AND
MAKING FINDINGS REGARDING THE POLICY AND ANNUAL MILITARY EQUIPMENT
REPORT (SECOND READING AND ADOPTION)
Page 21 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/23 - City Council, Successor Agency, Housing Authority Meeting Minutes
Page 4
5.6 Financial Report and Appropriation: Accept the Quarterly Financial Report for the
Quarter Ending March 31, 2023, Appropriate Funds to Implement Required Budget
Adjustments, and Authorize the City Manager to Execute Certain Documents
John Acosta, Chula Vista resident, spoke regarding Councilmember budgets.
ACTION: Moved by Mayor McCann
Seconded by Councilmember Gonzalez
To adopt Resolution No. 2023-061, heading read, text waived. The motion carried by the
following vote:
Yes (5): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez,
Deputy Mayor Preciado, and Mayor McCann
Result: Carried (5 to 0)
RESOLUTION NO 2023-061 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
1) MAKING VARIOUS AMENDMENTS TO THE FISCAL YEAR 2022/23 BUDGET TO
ADJUST FOR VARIANCES AND APPROPRIATING FUNDS THEREFOR, AND 2)
APPROVING PARTICIPATION IN THE PUBLIC PROVIDER GROUND EMERGENCY
MEDICAL TRANSPORTATION INTERGOVERNMENTAL TRANSFER PROGRAM, AND
AUTHORIZING THE CITY MANAGER TO EXECUTE CERTAIN PROJECT DOCUMENTS
(4/5 VOTE REQUIRED)
6. PUBLIC COMMENTS
Lillie Hebert thanked the City for flying the POW flag.
The following members of the public spoke in support of reopening Harborside Park:
Delia Dominguez Cervantes
Javier
Cheryl
Monica Crespo
Gina E.
Leticia D.
Rachel Morineau
Leticia Lares
Jaasiel
Pedro Moreno
Derek Avalos spoke regarding the bridge shelter.
John Acosta spoke regarding councilmembers.
Marianna Saponara spoke regarding traffic.
Steve Stenberg spoke regarding public safety pay.
The following members of the public spoke in support of increased transit worker compensation:
Jaime Vasquez
Chris Moreno
Miguel Ramirez
Steve Flores
Page 22 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/23 - City Council, Successor Agency, Housing Authority Meeting Minutes
Page 5
Alan C. spoke regarding issues related to homelessness and mileage tax.
Aurora expressed concern regarding housing.
Mayor McCann recessed the meeting at 6:52 p.m. The City Council reconvened at 7:01 p.m.,
with all members present.
7. PUBLIC HEARINGS
7.1 Annual Budget: Consideration of Adopting the Fiscal Year 2023/24 Operating and
Capital Improvement Budgets and Revised Fiscal Year 2023/24 Compensation
Schedule
Notice of the hearing was given in accordance with legal requirements, and the hearing
was held on the date and no earlier than the time specified in the notice.
Finance Director Schoen spoke regarding the item and announced that approval of the
item would affect executive compensation. Interim Acting City Attorney Maland announced
a correction to the staff report that had been distributed to the City Council.
Mayor McCann and Acting City Attorney Maland announced that the following City
Councilmembers would abstain from voting on the items indicated due to potential
property-related conflicts of interest: Councilmember Gonzalez on Item 7.1B; Deputy
Mayor Preciado on Item 7.1D, and Mayor McCann on Item 7.1C. The City
Councilmembers left the dais during voting on the items on which they had conflicts.
Mayor McCann opened the public hearing.
There being no members of the public who wished to speak, Mayor McCann closed the
public hearing.
At the request of Deputy Mayor Preciado, there was a consensus of the City Council to
direct the City Manager to conduct a salary study for the council aide positions.
ACTION: Moved by Mayor McCann
Seconded by Councilmember Gonzalez
To adopt Resolution No. 2023-062 (Item 7.1A), heading read, text waived. The motion
carried by the following vote:
Yes (5): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez,
Deputy Mayor Preciado, and Mayor McCann
Result: Carried (5 to 0)
A) RESOLUTION NO 2023-062 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGETS FOR
THE CITY OF CHULA VISTA FOR FISCAL YEAR 2023/24 AND APPROPRIATING
FUNDS FOR THE FISCAL YEAR ENDING JUNE 30, 2024 EXCLUDING OPEN SPACE
DISTRICTS: 01, 11, 20 ZONE 7; COMMUNITY FACILITIES DISTRICTS: 13-M OTAY
RANCH VILLAGE 2, 97-2 OTAY RANCH PRESERVE, 07-M EASTLAKE WOODS; AND
CAPITAL IMPROVEMENT PROJECT STM0407
Page 23 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/23 - City Council, Successor Agency, Housing Authority Meeting Minutes
Page 6
ACTION: Moved by Mayor McCann
Seconded by Deputy Mayor Preciado
To adopt Resolution No. 2023-063 (Item 7.1B), heading read, text waived. The motion
carried by the following vote:
Yes (4): Councilmember Cardenas, Councilmember Chavez, Deputy Mayor Preciado, and
Mayor McCann
Abstain (1): Councilmember Gonzalez
Result: Carried (4 to 0)
B) RESOLUTION NO 2023-063 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA ADOPTING THE OPERATING BUDGET FOR COMMUNITY FACILITIES
DISTRICT #13-M OTAY RANCH VILLAGE 2 AND COMMUNITY FACILITIES DISTRICT
97-2 OTAY RANCH PRESERVE FOR FISCAL YEAR 2023/24 AND APPROPRIATING
FUNDS FOR THE FISCAL YEAR ENDING JUNE 30, 2024
ACTION: Moved by Councilmember Cardenas
Seconded by Councilmember Gonzalez
To adopt Resolution No. 2023-064 (Item 7.1C), heading read, text waived. The motion
carried by the following vote:
Yes (4): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez,
and Deputy Mayor Preciado
Abstain (1): Mayor McCann
Result: Carried (4 to 0)
C) RESOLUTION NO 2023-064 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA ADOPTING THE OPERATING BUDGETS FOR OPEN SPACE DISTRICT #1,
OPEN SPACE DISTRICT #20 ZONE 7, COMMUNITY FACILITIES DISTRICT 07-M
EASTLAKE WOODS & VISTA, AND CAPITAL IMPROVEMENT BUDGET FOR CIP
PROJECT STM0407 FOR FISCAL YEAR 2023/24 AND APPROPRIATING FUNDS FOR
THE FISCAL YEAR ENDING JUNE 30, 2024
ACTION: Moved by Mayor McCann
Seconded by Councilmember Chavez
To adopt Resolution No. 2023-065 (Item 7.1D), heading read, text waived. The motion
carried by the following vote:
Yes (4): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez,
and Mayor McCann
Abstain (1): Deputy Mayor Preciado
Result: Carried (4 to 0)
D. RESOLUTION NO 2023-065 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA ADOPTING THE OPERATING BUDGET FOR OPEN SPACE DISTRICT #11 FOR
FISCAL YEAR 2023/24 AND APPROPRIATING FUNDS FOR THE FISCAL YEAR
ENDING JUNE 30, 2024
Page 24 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/23 - City Council, Successor Agency, Housing Authority Meeting Minutes
Page 7
ACTION: Moved by Mayor McCann
Seconded by Councilmember Gonzalez
To adopt Housing Authority Resolution No. HA 2023-003 (Item 7.1E), Successor Agency
to the Redevelopment Agency Resolution No. 2023-002 (Item 7.1F), City Council
Resolution Nos. 2023-066 through 2023-069 (Items 7.1G through 7.1J), and place the
below ordinance (Item 7.1K) on first reading. The headings were read, text waived. The
motion carried by the following vote:
Yes (5): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez,
Deputy Mayor Preciado, and Mayor McCann
Result: Carried (5 to 0)
E) RESOLUTION NO 2023-003 OF THE HOUSING AUTHORITY OF THE CITY OF
CHULA VISTA ADOPTING THE OPERATING BUDGET FOR THE HOUSING
AUTHORITY FOR FISCAL YEAR 2023/24 AND APPROPRIATING FUNDS FOR THE
FISCAL YEAR ENDING JUNE 30, 2024
F) RESOLUTION NO 2023-002 OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA ADOPTING THE
OPERATING BUDGETS FOR THE SUCCESSOR AGENCY TO THE REDEVELOPMENT
AGENCY FOR FISCAL YEAR 2023/24 AND APPROPRIATING FUNDS FOR THE
FISCAL YEAR ENDING JUNE 30, 2024
G) RESOLUTION NO 2023-066 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AMENDING THE COMPENSATION SCHEDULE AND CLASSIFICATION PLAN
TO REFLECT THE ADDITION OF VARIOUS POSITION TITLES AND CHANGES IN
SALARY AS REFLECTED IN THE FISCAL YEAR 2023/24 OPERATING BUDGET
H) RESOLUTION NO 2023-067 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE AMENDED COMPENSATION SUMMARY FOR ALL
UNREPRESENTED EMPLOYEES AND ELECTED OFFICIALS, INCLUDING
AUTHORIZATION FOR THE MAYOR TO EXECUTE ANY NECESSARY CONTRACT
AMENDMENTS TO IMPLEMENT SAID AMENDED COMPENSATION SUMMARY
I) RESOLUTION NO 2023-068 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
APPROVING THE REVISED FISCAL YEAR 2022/23 COMPENSATION SCHEDULE
EFFECTIVE JUNE 16, 2023, AS REQUIRED BY CALIFORNIA CODE OF
REGULATIONS, TITLE 2, SECTION 570.5
J) RESOLUTION NO 2023-069 OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE FISCAL YEAR 2023/24 COMPENSATION SCHEDULE
EFFECTIVE JULY 14, 2023, AS REQUIRED BY CALIFORNIA CODE OF
REGULATIONS, TITLE 2, SECTION 570.5
K) ORDINANCE OF THE CITY OF CHULA VISTA AMENDING CHULA VIST A
MUNICIPAL CODE SECTION 2.05.010 ADDING THE UNCLASSIFIED POSITION
TITLES OF BUILDING OFFICIAL, DEPUTY DIRECTOR CITY CLERK SERVICES, AND
CODE ENFORCEMENT MANAGER (FIRST READING) (4/5 VOTE REQUIRED)
8. ACTION ITEMS
8.1 Animal Shelter Services: Approve an Agreement with the City of Imperial Beach to
Provide Animal Care and Control Services
Director of Animal Services Skeel spoke regarding the item.
Alan C. spoke regarding the item.
Page 25 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/23 - City Council, Successor Agency, Housing Authority Meeting Minutes
Page 8
ACTION: Moved by Councilmember Cardenas
Seconded by Deputy Mayor Preciado
To adopt Resolution No. 2023-070, heading read, text waived. The motion carried by the
following vote:
Yes (5): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez,
Deputy Mayor Preciado, and Mayor McCann
Result: Carried (5 to 0)
RESOLUTION NO. 2023-070 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
APPROVING AN AGREEMENT BETWEEN THE CITY AND THE CITY OF IMPERIAL
BEACH TO PROVIDE ANIMAL CARE AND ANIMAL CONTROL SERVICES
8.2 Reimbursement Agreement and Appropriation: Approve a Reimbursement
Agreement with Millenia 2022, LLC for a Portion of the Cost of Construction of the
Eastlake Parkway Pedestrian Bridge and Various Traffic Signals and Appropriate
Funds
Facilities Finance Manager Elliot gave a presentation on the item.
ACTION: Moved by Mayor McCann
Seconded by Councilmember Gonzalez
To adopt Resolution No. 2023-071, heading read, text waived. The motion carried by the
following vote:
Yes (5): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez,
Deputy Mayor Preciado, and Mayor McCann
Result: Carried (5 to 0)
RESOLUTION NO. 2023-071 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
APPROVING A REIMBURSEMENT AGREEMENT BETWEEN THE CITY AND
MILLENIA, 2022, LLC. FOR CONSTRUCTION OF A PEDESTRIAN BRIDGE AND
TRAFFIC SIGNALS (4/5 VOTE REQUIRED)
9. CITY MANAGER’S REPORTS
City Manager Kachadoorian shared the City's rainbow-colored logo which would be used during
June in celebration of LGBTQIA+ Pride Month.
10. MAYOR’S REPORTS
Mayor McCann reported on the following recent events: a housing forum, 5K run/walk for Danny
Hernandez, Chula Vista Veteran's Home anniversary, and visit to the Remembering the
Holocaust exhibit.
11. COUNCILMEMBERS’ COMMENTS
Councilmember Cardenas thanked City staff for efforts to celebrate Pride Month.
Deputy Mayor Preciado spoke regarding communications with residents.
At the request of Deputy Mayor Preciado, there was a consensus of a majority of the City
Council to add an item a future agenda to consider rescinding the vote taken at the City Council
meeting on May 16, 2023 to appoint Jesse Navarro to the Measure A Citizens' Oversight
Committee.
Page 26 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2023/05/23 - City Council, Successor Agency, Housing Authority Meeting Minutes
Page 9
Councilmember Chavez reported on her participation on the MTS Public Safety Security
Committee.
At the request of Councilmember Gonzalez, there was a consensus of the City Council to add
an item to a future agenda to consider the formation of an ad hoc subcommittee for the purpose
of informing the City's strategic plan and budget process.
11.1 Councilmember Cardenas and Deputy Mayor Preciado:
Report on findings and recommendations from the Welcoming America Ad Hoc
Subcommittee.
Deputy Mayor Preciado spoke regarding the ad hoc subcommittee's work on the
Welcoming America matter.
The following members of the public spoke in opposition to the item:
Delia Cervantes
Gina E.
Alan C.
John Acosta submitted written communication in opposition to the item and was not
present to speak.
The following members of the public submitted written communication in support of the
item:
Margaret Baker
Nancy Relaford
Carolyn Scofield
Kathy Hardy
Lois Katherine Klepin
ACTION: Moved by Councilmember Cardenas
Seconded by Deputy Mayor Preciado
To direct the City Manager to pursue Welcoming City recertification as soon as possible
and to examine and provide recommendations to clarify the roles of the Human Relations
Commission and proposed Privacy and Technology Advisory Commission with respect to
their related areas of concern. The motion carried by the following vote:
Yes (4): Councilmember Cardenas, Councilmember Chavez, Councilmember Gonzalez,
and Deputy Mayor Preciado
No (1): Mayor McCann
Result: Carried (4 to 1)
12. CITY ATTORNEY'S REPORTS
There were none.
13. ADJOURNMENT
The meeting was adjourned at 8:51 p.m.
Minutes prepared by: Tyshar Turner, Assistant City Clerk
_________________________
Kerry K. Bigelow, MMC, City Clerk
Page 27 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
v . 0 03 P a g e | 1
May 23, 2023
ITEM TITLE
Annual Budget: Consideration of Adopting the Fiscal Year 2023/24 Operating and Capital Improvement
Budgets and Revised Fiscal Year 2023/24 Compensation Schedule
Report Number: 23-0139
Location: No specific geographic location
Department: Finance
Environmental Notice: The activity is not a "Project" as defined under Section 15378 of the California
Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no
environmental review is required.
Recommended Action
Conduct the public hearing and take the following actions:
A) Adopt a resolution adopting the Operating and Capital Improvement Budgets for the City of Chula Vista
for Fiscal Year 2023/24 and appropriating funds for the Fiscal Year ending June 30, 2024 excluding Open
Space Districts: 1, 11, 20 Zone 7, Community Facilities District 13-M Otay Ranch Village 2, 97-2 Otay Ranch
Preserve, 07-M Eastlake Woods and Capital Improvement Project STM0407.
B) Adopt a resolution adopting the Operating Budget for Community Facilities District 13 -M Otay Ranch
Village 2 and Community Facilities District 97-2 Otay Ranch Preserve for Fiscal Year 2023/24 and
Appropriating Funds for the Fiscal Year Ending June 30, 2024.
C) Adopt a resolution adopting the Operating Budget for Open Space District 01, Open Space District 20 Zone
7, Community Facilities District 07-M Eastlake Woods & Vista and Capital Improvement Budget for CIP
Project STM0407 for Fiscal Year 2023/24 and Appropriating funds for the Fiscal Year Ending June 30, 2024.
D) Adopt a resolution adopting the Operating Budget for Open Space District 11 for Fiscal Year 2023/24 and
appropriating funds for the Fiscal Year Ending June 30, 2024.
E) (Housing Authority) Adopt a resolution adopting the Operating Budget for the Housing Authority for Fiscal
Year 2023/24 and Appropriating Funds for the Fiscal Year ending June 30, 2024.
Page 28 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 2
F) (Successor Agency) Adopt a resolution adopting the Operating Budgets for the Success or Agency to the
Redevelopment Agency for Fiscal Year 2023/24 and Appropriating Funds for the Fiscal Year Ending June 30,
2024.
G) Adopt a resolution amending the Compensation Schedule and Classification Plan to reflect the addition of
various position titles and changes in salary as reflected in the Fiscal Year 2023/24 Operating Budget.
H) Adopt a resolution approving the Amended Compensation Summary for All Unrepresented Employees
and Elected Officials, including authorization for the Mayor to execute any necessary contract amendments
to implement said Amended Compensation Summary.
I) Adopt a resolution approving the Fiscal Year 2022/23 Compensation Schedule effective June 16, 2023, as
required by California Code of Regulations, Title 2, Section 570.5.
J) Adopt a resolution approving the Fiscal Year 2023/24 Compensation Schedule effective July 14, 2023, as
required by California Code of Regulations, Title 2, Section 570.5
K) Place an ordinance on first reading amending the Chula Vista Municipal Code Section 2.05.010 to add the
Unclassified Position Titles of Building Official, Deputy Director City Clerk Services, and Code Enforcement
Manager. (First Reading) (4/5 Vote Required)
SUMMARY
On May 9, 2023, the City Council was provided the City Manager’s proposed operating and capital
improvement budgets for the City, and the operating budgets for the Housing Authority and for the Successor
Agency to the Redevelopment Agency for Fiscal Year 2023-24 (ending June 30, 2024). The budgets
submitted at this time for formal adoption and appropriation represent the City Council’s Fiscal Year 2023-
24 Proposed Budget.
ENVIRONMENTAL REVIEW
The Director of Development Services has reviewed the proposed activity for compliance with the California
Environmental Quality Act (CEQA) and has determined that the activity is not a “Project” as defined under
Section 15378 of the State CEQA Guidelines because the proposed activity consists of a governmental
fiscal/administrative activity which does not result in a physical change in the environment; therefore,
pursuant to Section 15060(c)(3) of the State CEQA Guidelines, the activity is not subject to CEQA. Thus, no
environmental review is required.
BOARD/COMMISSION/COMMITTEE RECOMMENDATION
On April 13, 2023 the Measure A Citizens’ Oversight Committee (COC) affirmed that the proposed budget for
Measure A was in compliance with the City’s approved Intended Public Safety Expenditure Plan.
On April 27, 2023 the Citizens’ Oversight Committee (COC) for Measure P affirmed that the proposed budget
for Measure P was in compliance with the City’s approved infrastructure, facilities and equipment
expenditure plan.
Page 29 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 3
DISCUSSION
Staff presented the Fiscal Year 2023-24 Proposed Budget document to the City Council at the May 9, 2023
meeting. As required by the City Charter, the City Manager’s proposed budget was submitted to the City
Council at least thirty-five (35) days before the beginning of the fiscal year. The City Council requested
changes to the City Manager’s proposed budget and set May 23, 2023 as the date for the adoption of the Fiscal
Year 2023-24 budget.
The budget presented for final adoption in this staff report and Attachment A is the Amended City Manager’s
Fiscal Year 2023-24 Proposed Budget accepted by the City Council on May 9, 2023, inclusive of changes
requested by City Council as summarized in Attachment B.
In accordance with the City Charter, a copy of the City Council’s proposed budget was made available on May
5, 2023, for public review by making a hard copy of the budget available at the City Clerk’s Office and at the
City’s Libraries, as well as posting a copy of the budget on the City’s website.
Attachment C, Recommended Expenditures by Department and Category, summarizes the City Council’s
proposed budget for Fiscal Year 2023-24. The All Funds expenditure budget submitted for Fiscal Year 2023-
24 totals $543.9 million. The General Fund budget totals $258.2 million. The All Funds budget for Fiscal Year
2023-24 includes allocations for capital improvement projects totaling $66.6 million. The remaining $219.1
million represents the operating budgets for various funds including the Successor Agency to the
Redevelopment Agency, Housing, Sewer, Development Services, Fleet, Debt Service, and other funds.
Estimated All Funds revenues total $548.3 million, the Schedule of Revenues is included as Attachment D.
CITY COUNCIL FISCAL YEAR 2023-24 ALL FUNDS PROPOSED BUDGET
(IN MILLIONS)
Compensation Summary for Unrepresented Employees
The current Compensation Summary for all unrepresented employees and elected officials expires on June
30, 2024. Approval of Resolution H would approve the Amended Compensation Summary correctly reflect
longevity pay for the Assistant Chief of Police for CalPERS compliance.
Fiscal Year 2023-2024 Compensation Schedule
Page 30 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 4
California Code of Regulations (CCR), Title 2, Section 570.5 (CCR Section 570.5) requires that, for purposes
of determining a retiring employee's pension allowance, the pay rate be limited to the amount listed on a pay
schedule that meets all of the following requirements:
1. Has been duly approved and adopted by the employer’s governing body in accordance with
requirements of applicable public meetings laws;
2. Identifies the position title for every employee position;
3. Shows the pay rate for each identified position, which may be stated as a single amount or as
multiple amounts within a range;
4. Indicates the time base, including, but not limited to, whether the time base is hour ly, daily, bi-
weekly, monthly, bi-monthly, or annually;
5. Is posted at the office of the employer or immediately accessible and available for public review
from the employer during normal business hours or posted on the employer’s internet website;
6. Indicates an effective date and date of any revisions;
7. Is retained by the employer and available for public inspection for not less than five years; and
8. Does not reference another document in lieu of disclosing the pay rate.
This regulation applies to all employers reporting compensation to California Employees' Retirement System
(CalPERS).
Staff is submitting a Fiscal Year 2023-2024 pay schedule (the "Compensation Schedule"; Attachment H) that
complies with these requirements to Council for approval. If approved, the duly approved and adopted
Compensation Schedule will be immediately accessible and available for public review on the City's internet
website in accordance with CCR Section 570.5. Failure to comply with this State-mandated approval
requirement would delay computation of a retiring employee's pension allowance by CalPERS. Adoption of
the 2023-24 Compensation schedule pertains to Resolution I.
The Compensation Schedule consists of step salary pay for all established positions at the City of Chula Vista,
including hourly and bi-weekly time base. This schedule defines the payment to employees for services
performed during normal working hours or for time during which the employee is excused from work
because of holidays, sick leave, industrial disability, payments under Labor Code Section 4850, vacation,
compensatory time-off or leave of absence. It is designed and administered to provide and maintain an
equitable wage and salary system at the City that compensates all employees for the ir work efforts
performed within specific job classifications and corresponding salary ranges, in order to attract and retain
the most highly skilled employees possible.
The Compensation Schedule attached to the attendant Resolution I reflects the pay rate of all job titles
effective July 1, 2023. Once approved, any changes to the adopted Compensation Schedule including, but not
limited to, across-the-board increases, classification changes and salary adjustments approved subsequent
to this date will be reflected in a revised Compensation Schedule which will be submitted to Council for
approval.
Unclassified Ordinance
Chula Vista Municipal Code Section 2.05.010 requires updating to reflect the position changes impacting the
unclassified positions. Chula Vista City Charter Section 500(a) requires that all unclassified positions not
Page 31 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 5
mentioned specifically in Charter Section 500(a) be adopted by ordinance. Adoption of the Ordinance will
add the position titles of Building Official and Code Enforcement Manager per Municipal Code section
2.05.010 as outlined in Ordinance A.
Position Summary
The City Council Proposed Budget for fiscal year 2023-24 includes 1,263.75 positions for all funds. This is a
net increase of 37.00 positions when compared to the fiscal year 2022-23 adopted budget that included
1,226.75 authorized positions. During fiscal year 2022-23, the City Council approved 24.00 positions and a
net increase of 13.00 positions. These changes are reflected in the fiscal year 2023-24 proposed budget.
Fiscal year 2023-24 changes in the General Fund resulted in a net increase of 28.00 FTEs and changes to
other funds resulted in a net increase of 9.00 FTE. In addition to these net changes, several reclassification
studies were completed citywide to reflect changes of duties performed by City personnel.
The staffing changes are summarized in the following tables and the Proposed Staffing by
Department/Fund for Fiscal Year 2023-24 is included as Attachment E.
Summary of Fiscal Year 2022-23 Mid-Year Staffing Changes
Page 32 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 6
Page 33 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 7
Page 34 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 8
Fiscal Year 2023-24 Staffing Changes
Page 35 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 9
DECISION-MAKER CONFLICT
Staff has reviewed the property holdings of the City Council and has found that members have real property
holdings within 500 or 1,000 feet of the of the Open Space Districts and Community Facilities Districts listed
below by City Council member. Consequently, pursuant to California Code of Regulations Title 2, sections
18700 and 18702.2(a)(7), this item presents a disqualifying real property-related financial conflict of
interest under the Political Reform Act (Cal. Gov't Code § 87100, et seq.) for the identified members below:
Mayor McCann: For Open Space District 1; Open Space District 20, Zone 7; Community Facilities District 06-
I; Community Facilities District 07-M; and Capital Improvement Project STM0407, which are the subject of
Resolution B of this action.
Councilmember Gonzalez: For Community Facilities District 13-M and Community Facilities District 97-2,
which are the subjects of Resolution C of this action.
Councilmember Preciado: For Open Space District 11, which is the subject of Resolution D of this action.
Staff is not independently aware, and has not been informed by any City Council member, of any other fact
that may constitute a basis for a decision-maker conflict of interest in this matter.
CURRENT-YEAR FISCAL IMPACT
There is no fiscal impact in the current fiscal year as a result of the adoption of the budget.
ONGOING FISCAL IMPACT
Approval of the proposed budgets will result in the appropriation of $543.9 million in funding for the fiscal
year ending June 30, 2024. This amount includes a General Fund budget of $258.2 million.
Page 36 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 10
ATTACHMENTS
A – Fiscal Year 2023-2024 Proposed Budget
B – Fiscal Year 2023-2024 City Manager Amended Proposed Budget Memo
C – Recommended Expenditures by Department and Category
D – Schedule of Revenues
E – Proposed Staffing by Department and Fund
F – Compensation Summary for Unrepresented Employees and Elected Officials
G – Fiscal Year 2022-2023 Compensation Schedule – Effective 6/16/2023
H – Fiscal Year 2023-2024 Compensation Schedule – Effective 7/14/2023
Staff Contacts: Sarah Schoen, Finance Director/Treasurer
Ed Prendell, Budget & Analysis Manager
Page 37 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
SECOND READING AND ADOPTION
ORDINANCE NO. ________
ORDINANCE OF THE CITY OF CHULA VISTA AMENDING
CHULA VISTA MUNICIPAL CODE SECTION 2.05.010
ADDING THE UNCLASSIFIED POSITION TITLES OF
BUILDING OFFICIAL, DEPUTY DIRECTOR CITY CLERK
SERVICES, AND CODE ENFORCEMENT MANAGER (FIRST
READING) (4/5 VOTE REQUIRED)
WHEREAS, the Human Resources Department has created new classifications to better
reflect the needs of the City’s workforce; and
WHEREAS, the Building Official and Code Enforcement Manager positions, given their
duties and responsibilities, are unclassified management positions, within the meaning of Charter
Section 701; and
WHEREAS, Chula Vista City Charter Section 500(a) requires that all new unclassified
management level positions be adopted by ordinance and a four-fifths vote of the Council.
NOW, THEREFORE, the City Council of the City of Chula Vista does ordain as follows:
Section I. That Section 2.05.010 of the Chula Vista Municipal Code is hereby amended
to read as follows:
2.05.10 Unclassified positions established.
In addition to those unclassified positions specifically delineated in Section 500 of the Charter of
the City, there are established the unclassified positions entitled: Administrative Secretary (Mayor,
At Will), Administrative Services Manager, Animal Care Facility Manager, Assistant Chief of
Police, Assistant Director of Development Services, Assistant Director of Engineering, Assistant
Director of Human Resources, Assistant Director of Finance, Assistant Director of Public Works,
Assistant Director of Recreation, Budget and Analysis Manager, Building Official, Building
Official/Code Enforcement Manager, Chief Information Security Officer, Chief of Staff, Chief
Sustainability Officer, City Engineer, City Librarian, Code Enforcement Manager, Constituent
Services Manager, Deputy City Manager, Deputy Director City Clerk Services, Deputy Fire Chief,
Development Project Manager, Development Services Department Director, Director of Animal
Services, Director of Community Services, Director of Conservation and Environmental Services,
Director of Economic Development, Economic Development Manager, Emergency Services
Manager, Fire Division Chief, FA Accounting Technician, FA Administrative Analyst I, FA
Administrative Analyst II, FA Analyst, FA Cyber Security Program Manager, FA Deputy Director
LECC, FA Deputy Executive Director, FA Executive Director, FA Public Private Partnership and
Exercise Program Manager, FA Director of San Diego Law Enforcement Coordination Center, FA
Executive Assistant, FA Financial Manager, FA Geospatial Intelligence Analyst, FA Graphics
Designer/Webmaster, FA IVDC-LECC Executive Director, FA Law Enforcement Coordination
Center Information Technology Manager, FA Intelligence Analyst, FA Management Assistant,
FA Microcomputer Specialist, FA Network Administrator I, FA Network Administrator II, FA
Network Administrator III, FA Program Analyst, FA Program Assistant Supervisor, FA Program
Page 38 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Ordinance No.
Page No. 2
Manager, FA Network Engineer, FA Senior Financial Analyst, FA Senior Intelligence Analyst,
FA Senior Program Assistant, FA Senior Secretary, FA Supervisory Intelligence Analyst,
Facilities Financing Manager, Finance Manager, Housing Manager, Human Resources Manager,
Information Technology Manager, Law Office Manager, Office Specialist (Mayor’s Office), Parks
and Recreation Administrator, Planning Manager, Police Administrative Services Administrator,
Police Captain, Policy Aide, Public Works Superintendent, Purchasing Agent, Redevelopment and
Housing Manager, Revenue Manager, Risk Manager, Senior Council Assistant, Special Projects
Manager and Traffic Engineer.
Section II. Severability
If any portion of this Ordinance, or its application to any person or circumstance, is for any
reason held to be invalid, unenforceable or unconstitutional, by a court of competent jurisdiction,
that portion shall be deemed severable, and such invalidity, unenforceability or unconstitutionality
shall not affect the validity or enforceability of the remaining portions of the Ordinance, or its
application to any other person or circumstance. The City Council of the City of Chula Vista
hereby declares that it would have adopted each section, sentence, clause or phrase of this
Ordinance, irrespective of the fact that any one or more other sections, sentences, clauses or
phrases of the Ordinance be declared invalid, unenforceable or unconstitutional.
Section III. Construction
The City Council of the City of Chula Vista intends this Ordinance to supplement, not to
duplicate or contradict, applicable state and federal law and this Ordinance shall be construed in
light of that intent.
Section IV. Effective Date
This Ordinance shall take effect and be in force on the thirtieth day after its final passage.
Section V. Publication
The City Clerk shall certify to the passage and adoption of this Ordinance and shall cause
the same to be published or posted according to law.
Presented by Approved as to form by
By:
Courtney Chase Jill D.S. Maland
Director of Human Resources /Risk Management Lounsbery Ferguson Altona & Peak
Acting City Attorney
Page 39 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
v . 0 03 P a g e | 1
June 6, 2023
ITEM TITLE
Grant Award: Accept a Grant from the California Board of State and Community Corrections for the Officer
Wellness and Mental Health Grant Program
Report Number: 23-0127
Location: No specific geographic location
Department: Police
Environmental Notice: The activity is not a “Project” as defined under Section 15378 of the California
Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no
environmental review is required.
Recommended Action
Adopt a resolution accepting $163,585 of grant funds from the California Board of State and Community
Corrections for the Officer Wellness and Mental Health Grant Program and amending the Fiscal Year 2023/24
budget for that purpose. (4/5 Vote Required)
SUMMARY
The Police Department has been allocated $163,585 from the California Board of State and Community
Corrections for the Officer Wellness and Mental Health Grant Program. All eligible law enforcement agencies
received the funds based on their number of officers. These funds are designed to improve officer wellness
and expand mental health sources.
ENVIRONMENTAL REVIEW
The Director of Development Services has reviewed the proposed activity for compliance with the California
Environmental Quality Act (CEQA) and has determined that the activity is not a “Project” as defined under
Section 15378 of the State CEQA Guidelines because it will not result in a physical change in the environment;
therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines, the activity is not subject to CEQA.
Thus, no environmental review is required.
Page 40 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 2
BOARD/COMMISSION/COMMITTEE RECOMMENDATION
Not applicable.
DISCUSSION
The Police Department received funding in the amount of $163,585 from the California Board of State and
Community Corrections (BSCC) for the Officer Wellness and Mental Health Grant Program. The grant period
is from July 1, 2022 to December 1, 2025.
These funds are designed to improve officer wellness and expand mental health sources. Funding may be
used for any of the following purposes:
• Establishing or expanding officer wellness units
• Establishing or expanding peer support units
• Services provided by a licensed mental health professional, counselor or other professional that
works with law enforcement
• Expanding multiagency mutual aid programs focused on officer wellness and mental health
• Other programs and services that are evidence-based or have a successful track record of
enhancing officer wellness
The Police Department plans to use this grant funding to hire an hourly Public Safety Wellness Coordinator,
host wellness events with motivational speakers, attend wellness/peer support training, purchase fitness
equipment, and fund television cable services for the employee wellness room.
Summary of New Classification
Because the hourly Public Safety Wellness Coordinator position does not exist in the City’s compensation
schedule, the following table outlines the newly proposed classification that will be included in the FY 23/24
budget.
Position Title Employee Group E Step Hourly Rate
Public Safety Wellness Coordinator Unclassified, Hourly $55.81 per hour
DECISION-MAKER CONFLICT
Staff has reviewed the decision contemplated by this action and has determined that it is not site-specific and
consequently, the 500-foot rule found in California Code of Regulations Title 2, section 18702.2(a)(11), is not
applicable to this decision for purposes of determining a disqualifying real property-related financial conflict
of interest under the Political Reform Act (Cal. Gov't Code § 87100, et seq.).
Staff is not independently aware and has not been informed by any City Council member, of any other fact
that may constitute a basis for a decision maker conflict of interest in this matter.
CURRENT-YEAR FISCAL IMPACT
Approval of the resolution will result in the acceptance of $163,585 from the California Board of State and
Community Corrections (BSCC) for the Officer Wellness and Mental Health Grant. Since the funds will be
spent beginning in July 2023, there is no current year fiscal impact.
Page 41 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 3
ONGOING FISCAL IMPACT
Acceptance of these grant funds will amend the fiscal year 2023/24 budget and appropriate said funds to the
Police Grants in the State Grants Fund, as outlined in the table below.
Description FY 23/24 FY 24/25
GRAND
TOTAL
Public Safety Wellness Coordinator $50,545 $50,545 $101,090
Department Hosted Wellness Events $23,690 $23,690 $47,380
Wellness/Peer Support Training/Conference $5,000 $5,000 $10,000
Fitness Equipment $4,357 $380 $4,737
TV cable services for Wellness Room $189 $189 $378
Total $83,781 $79,804 $163,585
The funds from the California BSCC will completely offset these costs, resulting in no net fiscal impact to the
General Fund. When grant funding ends, the hourly Public Safety Wellness Coordinator will either be
eliminated, or the Police Department will identify a funding source to sustain the position.
ATTACHMENTS
None
Staff Contact: Jonathan Alegre, Police Department
Page 42 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
RESOLUTION NO. __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA ACCEPTING FUNDS FROM THE
CALIFORNIA BOARD OF STATE AND COMMUNITY
CORRECTIONS, AMENDING THE FISCAL YEAR 2023/24
BUDGET AND APPROPRIATING FUNDS THEREFOR
WHEREAS, based on the number of officers in the agency, the Police Department has
been allocated $163,585.26 from the California Board of State and Community Corrections for
the Officer Wellness and Mental Health Grant Program; and
WHEREAS, these grant funds are designed to improve officer wellness and expand mental
health sources; and
WHEREAS, the Police Department plans to use this grant funding to hire an hourly Public
Safety Wellness Coordinator, host wellness events with motivational speakers, attend
wellness/peer support training, purchase fitness equipment, and fund television cable services for
the employee wellness room; and
WHEREAS, the grant period is from July 1, 2022 to December 1, 2025 and the fiscal year
2023/24 appropriation is $83,781 and the fiscal year 2024/25 appropriation is $79,804.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista,
that it hereby accepts $163,585.26 from the California Board of State and Community Corrections,
amends the fiscal year 2023/24 budget and appropriates said $83,781 to the Police Grants in the
State Grants Fund for the Officer Wellness and Mental Health Grant.
Presented by Approved as to form by
Roxana Kennedy Jill D.S. Maland
Police Chief Lounsbery Ferguson Altona & Peak
Acting City Attorney
Page 43 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
v . 0 03 P a g e | 1
June 6, 2023
ITEM TITLE
Agreement: Approve an Agreement with SBCS Corporation for Youth Counseling Services
Report Number: 23-0140
Location: No specific geographic location
Department: Police
Environmental Notice: The activity is not a “Project” as defined under Section 15378 of the California
Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no
environmental review is required.
Recommended Action
Adopt a resolution waiving the consultant selection process and approving an agreement with SBCS
Corporation for youth counseling services.
SUMMARY
Since 1985, SBCS Corporation (formerly South Bay Community Services) has provided juvenile counseling
services to the City. The Police Department is requesting to continue these services with SBCS Corporation
which includes a Youth Counseling Program, Runaway Case Management Program and Homeless Youth
Outreach Program.
ENVIRONMENTAL REVIEW
The Director of Development Services has reviewed the proposed activity for compliance with the California
Environmental Quality Act (CEQA) and has determined that the activity is not a “Project” as defined under
Section 15378 of the State CEQA Guidelines because it will not result in a physical change in the environment;
therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines, the activity is not subject to CEQA.
Thus, no environmental review is required.
BOARD/COMMISSION/COMMITTEE RECOMMENDATION
Not applicable.
Page 44 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 2
DISCUSSION
SBCS Corporation and the Juvenile Services unit of the Police Department have worked together since 1985
providing a variety of services for juveniles and their families. The proposed contract with SBCS will
continue this relationship and formalize the agreement with the following services:
A minimum of 80 hours per week from Youth and Family Development Associates. These associates
will work with juveniles who have been contacted, detained, or taken into custody by police officers
for minor non-violent offenses such as vandalism, curfew violation, burglary, and petty thefts. In
calendar year 2022, this component of the program aided 165 juveniles. This program has 93% of
youth successfully completing their case plan goals and an impressive 2% recidivism rate.
Management of reported cases of runaway juveniles. The counselors track the status of the case and
offer counseling and intervention services to the juveniles and their families. In 2022, the SBCS
counselors provided services to 183 runaway cases.
Other services include individual and family therapy, anger management instruction, educational
assistance, parenting classes, community services activities, gender-specific group counseling and
substance abuse counseling.
Confidential progress reports will be issued at quarterly and annual intervals.
SBCS has tailored their programs to meet the needs of the City. Their experience, qualifications and
community presence make them a unique service provider. The Police Department does not have
comparable staff or expertise to provide adequate similar services. The cost for providing the same level of
service “in-house” would be prohibitive. Furthermore, the Police Department has been satisfied with the
level of service and professionalism from SBCS.
SBCS employees have all completed pre-employment testing and have a bachelor’s degree or equivalent
experience in the counseling field. Since these employees are located at the Police Department facility, they
undergo a background check, which is performed by Police Department staff.
SBCS provides local youth counseling services approved by the County of San Diego court system . The City
is not aware of alternate services capable of meeting the City’s youth counseling and community outreach
requirements. For these reasons, staff recommends that the City’s normal consultant selection process be
waived.
The cost for SBCS Corporation to provide youth counseling services is $120,000 per year. The proposed
contract is effective July 1, 2023 and will expire on June 30, 2024, and may be extended an additional four
years upon mutual agreement.
DECISION-MAKER CONFLICT
Staff has reviewed the decision contemplated by this action and has determined that it is not site-specific and
consequently, the 500-foot rule found in California Code of Regulations Title 2, section 18702.2(a)(11), is not
applicable to this decision for purposes of determining a disqualifying real property-related financial conflict
of interest under the Political Reform Act (Cal. Gov't Code § 87100, et seq.).
Staff is not independently aware and has not been informed by any City Council member, of any other fact
that may constitute a basis for a decision maker conflict of interest in this matter.
Page 45 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 3
CURRENT-YEAR FISCAL IMPACT
The proposed agreement is effective July 1, 2023, resulting in no current-year fiscal impact.
ONGOING FISCAL IMPACT
If approved, the agreement with SBCS Corporation would have an annual fiscal impact of $120,000 per fiscal
year. These costs have been included in the Police Department’s Fiscal Year 2023-24 adopted budget and
will be included in subsequent budgets as part of the annual budget adoption process.
ATTACHMENTS
Attachment 1: Agreement with SBCS Corporation for Youth Counseling Services
Staff Contact: Jonathan Alegre, Police Department
Page 46 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
RESOLUTION NO. __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA WAIVING THE CONSULTANT SELECTION
PROCESS AND APPROVING AN AGREEMENT WITH SBCS
CORPORATION FOR YOUTH COUNSELING SERVICES
WHEREAS, City wishes to provide counseling and outreach services to youth and families
who are referred through the juvenile diversion program; and
WHEREAS, SBCS Corporation and the City’s Police Department have worked together
since 1985 providing a variety of services for juveniles and their families in the City of Chula
Vista, and SBCS Corporation, with their unique and extensive experience, qualifications, and
community presence, is able to tailor their programs to meet the needs of the City and its youth
and families; and
WHEREAS, the City’s interests would be materially better served by waiver of the
standard competitive bidding requirements under the authority of Chula Vista Municipal Code
Section 2.56.070.B.3; and
WHEREAS, the contract with SBCS Corporation for counseling and outreach services is
for an initial term of July 1, 2023 through June 30, 2024, with the option to extend the contract for
four additional one year terms upon mutual agreement; and
WHEREAS, SBCS Corporation warrants and represents that it is experienced and staffed
in a manner such that it can deliver the services required of SBCS Corporation to City in
accordance with the time frames and the terms and conditions of this Agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista,
that it hereby (1) waives the standard competitive bidding requirements for the consultant selection
process in accordance with Chula Vista Municipal Code 2.56.070.B.3; and (2) approves the City
of Chula Vista Consultant Services Agreement with SBCS Corporation to Provide Youth
Counseling Services, in the form presented, with such minor modifications as may be required or
approved by the City Attorney, a copy of which shall be kept on file in the Office of the City Clerk,
and authorizes and directs the Mayor to execute same.
Page 47 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Resolution No.
Page 2
Presented by
Roxana Kennedy
Police Chief
Approved as to form by
Jill D.S. Maland
Lounsbery Ferguson Altona & Peak
Acting City Attorney
Page 48 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
1 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
CITY OF CHULA VISTA
CONSULTANT SERVICES AGREEMENT
WITH SBCS CORPORATION
TO PROVIDE YOUTH COUNSELING SERVICES
This Agreement is entered into effective as of July 1, 2023 (“Effective Date”) by and between the City of Chula
Vista, a chartered municipal corporation (“City”) and SBCS Corporation, a California nonprofit public benefit
corporation (“Consultant”) (collectively, the “Parties” and, individually, a “Party”) with reference to the following
facts:
RECITALS
WHEREAS, City wishes to provide counseling and outreach services to youth and families who are
referred through the juvenile diversion program; and
WHEREAS, Consultant and the City’s Police Department have worked together since 1985 providing a
variety of services for juveniles and their families; and
WHEREAS, Consultant has tailored their programs to meet the needs of the City, and their experience,
qualifications and community presence make them a unique service provider; and
WHEREAS, in order to procure these services, Consultant was awarded the contract under the authority
of Chula Vista Municipal Code Section 2.56.070.B.3; and
WHEREAS, Consultant warrants and represents that it is experienced and staffed in a manner such that it
can deliver the services required of Consultant to City in accordance with the time frames and the terms and
conditions of this Agreement.
[End of Recitals. Next Page Starts Obligatory Provisions.]
Page 49 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
2 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
OBLIGATORY PROVISIONS
NOW, THEREFORE, in consideration of the above recitals, the covenants contained herein, and other
good and valuable consideration, the receipt and sufficiency of which the Parties hereby acknowledge, City and
Consultant hereby agree as follows:
1. SERVICES
1.1 Required Services. Consultant agrees to perform the services, and deliver to City the “Deliverables” (if
any) described in the attached Exhibit A, incorporated into the Agreement by this reference, within the time
frames set forth therein, time being of the essence for this Agreement. The services and/or Deliverables
described in Exhibit A shall be referred to herein as the “Required Services.”
1.2 Reductions in Scope of Work. City may independently, or upon request from Consultant, from time
to time, reduce the Required Services to be performed by the Consultant under this Agreement. Upon doing
so, City and Consultant agree to meet and confer in good faith for the purpose of negotiating a corresponding
reduction in the compensation associated with the reduction.
1.3 Additional Services. Subject to compliance with the City’s Charter, codes, policies, procedures and
ordinances governing procurement and purchasing authority, City may request Consultant provide additional
services related to the Required Services (“Additional Services”). If so, City and Consultant agree to meet
and confer in good faith for the purpose of negotiating an amendment to Exhibit A, to add the Additi onal
Services. Unless otherwise agreed, compensation for the Additional Services shall be charged and paid
consistent with the rates and terms already provided therein. Once added to Exhibit A, “Additional Services”
shall also become “Required Services” for purposes of this Agreement.
1.4 Standard of Care. Consultant expressly warrants and agrees that any and all Required Services
hereunder shall be performed in accordance with the highest standard of care exercised by members of the
profession currently practicing under similar conditions and in similar locations.
1.5 No Waiver of Standard of Care. Where approval by City is required, it is understood to be conceptual
approval only and does not relieve the Consultant of responsibility for complying with all laws, codes, industry
standards, and liability for damages caused by negligent acts, errors, omissions, noncompliance with industry
standards, or the willful misconduct of the Consultant or its subcontractors.
1.6 Security for Performance. In the event that Exhibit A Section 5 indicates the need for Consultant to
provide additional security for performance of its duties under this Agreement, Consultant shall provide such
additional security prior to commencement of its Required Services in the form and on the terms prescribed
on Exhibit A, or as otherwise prescribed by the City Attorney.
1.7 Compliance with Laws. In its performance of the Required Services, Consultant shall comply with
any and all applicable federal, state and local laws, including the Chula Vista Municipal Code.
1.8 Business License. Prior to commencement of work, Consultant shall obtain a business license from
City.
1.9 Subcontractors. Prior to commencement of any work, Consultant shall submit for City’s information
and approval a list of any and all subcontractors to be used by Consultant in the performance of the Required
Services. Consultant agrees to take appropriate measures necessary to ensure that all subcontractors and
Page 50 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
3 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
personnel utilized by the Consultant to complete its obligations under this Agreement comply with all
applicable laws, regulations, ordinances, and policies, whether federal, state, or local. In addition, if any
subcontractor is expected to fulfill any responsibilities of the Consultant under this Agreement, Consultant
shall ensure that each and every subcontractor carries out the Consultant’s responsibiliti es as set forth in this
Agreement.
1.10 Term. This Agreement shall commence on the earlier to occur of the Effective Date or Consultant’s
commencement of the Required Services hereunder, and shall terminate, subject to Sections 6.1 and 6.2 of
this Agreement, when the Parties have complied with all their obligations hereunder; provided, however,
provisions which expressly survive termination shall remain in effect.
2. COMPENSATION
2.1 General. For satisfactory performance of the Required Services, City agrees to compensate Consultant
in the amount(s) and on the terms set forth in Exhibit A, Section 4. Standard terms for billing and payment
are set forth in this Section 2.
2.2 Detailed Invoicing. Consultant agrees to provide City with a detailed invoice for services performed
each month, within thirty (30) days of the end of the month in which the services were performed, unless
otherwise specified in Exhibit A. Invoicing shall begin on the first of the month following the Effective Date
of the Agreement. All charges must be presented in a line item format with each task separately explained in
reasonable detail. Each invoice shall include the current monthly amount being billed, the amount invoiced
to date, and the remaining amount available under any approved budget. Consultant must obtain prior written
authorization from City for any fees or expenses that exceed the estimated budget.
2.3 Payment to Consultant. Upon receipt of a properly prepared invoice and confirmation that the
Required Services detailed in the invoice have been satisfactorily performed, City shall pay Consultant for
the invoice amount within thirty (30) days. Payment shall be made in accordance with the terms and conditions
set forth in Exhibit A and section 2.4, below. At City’s discretion, invoices not timely submitted may be
subject to a penalty of up to five percent (5%) of the amount invoiced.
2.4 [Reserved]
2.5 Reimbursement of Costs. City may reimburse Consultant’s out-of-pocket costs incurred by Consultant
in the performance of the Required Services if negotiated in advance and included in Exhibit A. Unless
specifically provided in Exhibit A, Consultant shall be responsible for any and all out-of-pocket costs incurred
by Consultant in the performance of the Required Services.
2.6 Exclusions. City shall not be responsible for payment to Consultant for any fees or costs in excess of
any agreed upon budget, rate or other maximum amount(s) provided for in Exhibit A. City shall also not be
responsible for any cost: (a) incurred prior to the Effective Date; or (b) arising out of or related to the errors,
omissions, negligence or acts of willful misconduct of Consultant, its agents, employees, or subcontractors.
2.7 Payment Not Final Approval. Consultant understands and agrees that payment to the Consultant or
reimbursement for any Consultant costs related to the performance of Required Services does not constitute
a City final decision regarding whether such payment or cost reimbursement is allowable and eligible for
payment under this Agreement, nor does it constitute a waiver of any violation by Consultant of the terms of
this Agreement. If City determines that Consultant is not entitled to receive any amount of compensation
already paid, City will notify Consultant in writing and Consultant shall promptly return such amount.
Page 51 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
4 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
3. INSURANCE
3.1 Required Insurance. Consultant must procure and maintain, during the period of performance of
Required Services under this Agreement, and for twelve months after completion of Required Services, the
policies of insurance described on the attached Exhibit B, incorporated into the Agreement by this reference
(the “Required Insurance”). The Required Insurance shall also comply with all other terms of this Section.
3.2 Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions relating to the
Required Insurance must be disclosed to and approved by City in advance of the commencement of work.
3.3 Standards for Insurers. Required Insurance must be placed with licensed insurers admitted to transact
business in the State of California with a current A.M. Best’s rating of A V or better, or, if insurance is placed
with a surplus lines insurer, insurer must be listed on the State of California List of Eligible Surplus Lines
Insurers (LESLI) with a current A.M. Best’s rating of no less than A X. For Workers’ Compensation
Insurance, insurance issued by the State Compensation Fund is also acceptable.
3.4 Subcontractors. Consultant must include all sub-consultants/sub-contractors as insureds under its
policies and/or furnish separate certificates and endorsements demonstrating separate coverage for those not
under its policies. Any separate coverage for sub-consultants must also comply with the terms of this
Agreement.
3.5 Additional Insureds. City, its officers, officials, employees, agents, and volunteers must be named as
additional insureds with respect to any policy of general liability, automobile, or pollution insurance specified
as required in Exhibit B or as may otherwise be specified by City’s Risk Manager.. The general liability
additional insured coverage must be provided in the form of an endorsement to the Consultant’s insurance
using ISO CG 2010 (11/85) or its equivalent; such endorsement must not exclude Products/Completed
Operations coverage.
3.6 General Liability Coverage to be “Primary.” Consultant’s general liability coverage must be primary
insurance as it pertains to the City, its officers, officials, employees, agents, and volunteers. Any insurance or
self-insurance maintained by the City, its officers, officials, employees, or volunteers is wholly separate from
the insurance provided by Consultant and in no way relieves Consultant from its responsibility to provide
insurance.
3.7 No Cancellation. No Required Insurance policy may be canceled by either Party during the required
insured period under this Agreement, except after thirty days’ prior written notice to the City by certified mail,
return receipt requested. Prior to the effective date of any such cancellation Consultant must procure and put
into effect equivalent coverage(s).
3.8 Waiver of Subrogation. Consultant’s insurer(s) will provide a Waiver of Subrogation in favor of the
City for each Required Insurance policy under this Agreement. In addition, Consultant waives any right it
may have or may obtain to subrogation for a claim against City.
3.9 Verification of Coverage. Prior to commencement of any work, Consultant shall furnish City with
original certificates of insurance and any amendatory endorsements necessary to demonstrate to City that
Consultant has obtained the Required Insurance in compliance with the terms of this Agreement. The words
“will endeavor” and “but failure to mail such notice shall impose no obligation or liability of any kind upon
the company, its agents, or representatives” or any similar language must be deleted from all certificates. The
Page 52 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
5 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
required certificates and endorsements should otherwise be on industry standard forms. The City reserves the
right to require, at any time, complete, certified copies of all required insurance policies, including
endorsements evidencing the coverage required by these specifications.
3.10 Claims Made Policy Requirements. If General Liability, Pollution and/or Asbestos Pollution Liability
and/or Errors & Omissions coverage are required and are provided on a claims -made form, the following
requirements also apply:
a. The “Retro Date” must be shown, and must be before the date of this Agreement or the beginning
of the work required by this Agreement.
b. Insurance must be maintained, and evidence of insurance must be provided, for at least five (5)
years after completion of the work required by this Agreement.
c. If coverage is canceled or non-renewed, and not replaced with another claims-made policy form
with a “Retro Date” prior to the effective date of this Agreement, the Consultant must purchase “extended
reporting” coverage for a minimum of five (5) years after completion of the work required by this Agreement.
d. A copy of the claims reporting requirements must be submitted to the City for review.
3.11 Not a Limitation of Other Obligations. Insurance provisions under this section shall not be construed
to limit the Consultant’s obligations under this Agreement, including Indemnity.
3.12 Additional Coverage. To the extent that insurance coverage provided by Consultant maintains higher
limits than the minimums appearing in Exhibit B, City requires and shall be entitled to coverage for higher
limits maintained.
4. INDEMNIFICATION
4.1. General. To the maximum extent allowed by law, Consultant shall timely and fully protect, defend,
reimburse, indemnify and hold harmless City, its elected and appointed officers, agents, employees and
volunteers (collectivel y, “Indemnified Parties”), from and against any and all claims, demands, causes of
action, costs, expenses, (including reasonable attorneys’ fees and court costs), liability, loss, damage or injury,
in law or equity, to property or persons, including wrongful death, in any manner arising out of or incident to
any alleged acts, omissions, negligence, or willful misconduct of Consultant, its officials, officers, employees,
agents, and contractors, arising out of or in connection with the performance of the Required Services, the
results of such performance, or this Agreement. This indemnity provision does not include any claims,
damages, liability, costs and expenses arising from the sole negligence or willful misconduct of the
Indemnified Parties. Also covered is liability arising from, connected with, caused by or claimed to be caused
by the active or passive negligent acts or omissions of the Indemnified Parties which may be in combination
with the active or passive negligent acts or omissions of the Consul tant, its employees, agents or officers, or
any third party.
4.2. Modified Indemnity Where Agreement Involves Design Professional Services. Notwithstanding the
forgoing, if the services provided under this Agreement are design professional services, as defined by
California Civil Code section 2782.8, as may be amended from time to time, the defense and indemnity
obligation under Section 1, above, shall be limited to the extent required by California Civil Code section
2782.8.
Page 53 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
6 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
4.3 Costs of Defense and Award. Included in Consultant’s obligations under this Section 4 is Consultant’s
obligation to defend, at Consultant’s own cost, expense and risk, and with counsel approved in writing by
City, any and all suits, actions or other legal proceedings that may be brought or instituted against one or more
of the Indemnified Parties. Subject to the limitations in this Section 4, Consultant shall pay and satisfy any
judgment, award or decree that may be rendered against one or more of the Indemnified Parties for any and
all related legal expenses and costs incurred by any of them.
4.4. Consultant’s Obligations Not Limited or Modified. Consultant’s obligations under this Section 4 shall
not be limited to insurance proceeds, if any, received by the Indemnified Parties, or by any prior or subsequent
declaration by the Consultant. Furthermore, Consultant’s obligations under this Section 4 shall in no way
limit, modify or excuse any of Consultant’s other obligations or duties under this Agreement.
4.5. Enforcement Costs. Consultant agrees to pay any and all costs and fees City incurs in enforcing
Consultant’s obligations under this Section 4.
4.6 Survival. Consultant’s obligations under this Section 4 shall survive the termination of this Agreement.
5. FINANCIAL INTERESTS OF CONSULTANT.
5.1 Form 700 Filing. The California Political Reform Act and the Chula Vista Conflict of Interest Code
require certain government officials and consultants performing work for government agencies to publicly
disclose certain of their personal assets and income using a Statement of Economic Interests form (Form 700).
In order to assure compliance with these requirements, Consultant shall comply with the disclosure
requirements identified in the attached Exhibit C, incorporated into the Agreement by this reference.
5.2 Disclosures; Prohibited Interests. Independent of whether Consultant is required to file a Form 700,
Consultant warrants and represents that it has disclosed to City any economic interests held by Consultant, or
its employees or subcontractors who will be performing the Required Services, in any real property or project
which is the subject of this Agreement. Consultant warrants and represents that it has not employed or retained
any company or person, other than a bona fide employee or approved subcontractor working solely for
Consultant, to solicit or secure this Agreement. Further, Consultant warrants and represents that it has not paid
or agreed to pay any company or person, other than a bona fide employee or approved subcontractor working
solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent
upon or resulting from the award or making of this Agreement. Consultant further warrants and represents
that no officer or employee of City, has any interest, whether contractual, non-contractual, financial or
otherwise, in this transaction, the proceeds hereof, or in the business of Consultant or Consultant’s
subcontractors. Consultant further agrees to notify City in the event any such interest is discovered wheth er
or not such interest is prohibited by law or this Agreement. For breach or violation of any of these warranties,
City shall have the right to rescind this Agreement without liability.
6. REMEDIES
6.1 Termination for Cause. If for any reason whatsoever Consultant shall fail to perform the Required
Services under this Agreement, in a proper or timely manner, or if Consultant shall violate any of the other
covenants, agreements or conditions of this Agreement (each a “Default”), in addition to a ny and all other
rights and remedies City may have under this Agreement, at law or in equity, City shall have the right to
terminate this Agreement by giving five (5) days written notice to Consultant. Such notice shall identify the
Default and the Agreement termination date. If Consultant notifies City of its intent to cure such Default prior
to City’s specified termination date, and City agrees that the specified Default is capable of being cured, City
Page 54 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
7 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
may grant Consultant up to ten (10) additional days after the designated termination date to effectuate such
cure. In the event of a termination under this Section 6.1, Consultant shall immediately provide City any and
all ”Work Product” (defined in Section 7 below) prepared by Consultant as part of the Required Services.
Such Work Product shall be City’s sole and exclusive property as provided in Section 7 hereof. Consultant
may be entitled to compensation for work satisfactorily performed prior to Consultant’s receipt of the Default
notice; provided, however, in no event shall such compensation exceed the amount that would have been
payable under this Agreement for such work, and any such compensation shall be reduced by any costs
incurred or projected to be incurred by City as a result of the Default.
6.2 Termination or Suspension for Convenience of City. City may suspend or terminate this Agreement,
or any portion of the Required Services, at any time and for any reason, with or without cause, by giving
specific written notice to Consultant of such termination or suspension at least fifteen (15) days prior to the
effective date thereof. Upon receipt of such notice, Consultant shall immediately cease all work under the
Agreement and promptly deliver all “Work Product” (defined in Section 7 below) to City. Such Work Product
shall be City's sole and exclusive property as provided in Section 7 hereof. Consultant shall be entitled to
receive just and equitable compensation for this Work Product in an amount equal to the amount due and
payable under this Agreement for work satisfactorily performed as of the date of the termination/suspension
notice plus any additional remaining Required Services requested or approved by City in advance that would
maximize City’s value under the Agreement.
6.3 Waiver of Claims. In the event City terminates the Agreement in accordance with the terms of this
Section, Consultant hereby expressly waives any and all claims for damages or compensation as a result of
such termination except as expressly provided in this Section 6.
6.4 Administrative Claims Requirements and Procedures. No suit or arbitration shall be brought arising
out of this Agreement against City unless a claim has first been presented in writing and filed with City and
acted upon by City in accordance with the procedures set forth in Chapter 1.34 of the Chula Vista Municipal
Code, as same may be amended, the provisions of which, including such policies and procedures used by City
in the implementation of same, are incorporated herein by this reference. Upon request by City, Consultant
shall meet and confer in good faith with City for the purpose of resolving any dispute over the terms of this
Agreement.
6.5 Governing Law/Venue. This Agreement shall be governed by and construed in accordance with the
laws of the State of California. Any action arising under or relating to this Agreement shall be brought only
in San Diego County, State of California. Contractor/Service Provider hereby waives any right to remove any
action from San Diego County as may otherwise be permitted by California Code of Civil Procedure section
394.
6.6 Service of Process. Consultant agrees that it is subject to personal jurisdiction in California. If
Consultant is a foreign corporation, limited liability company, or partnership that is not registered with the
California Secretary of State, Consultant irrevocably consents to service of process on Consultant by first
class mail directed to the individual and address listed under “For Legal Notice,” in section 1.B. of Exhibit A
to this Agreement, and that such service shall be effective five days after mailing.
7. OWNERSHIP AND USE OF WORK PRODUCT
Page 55 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
8 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
All reports, studies, information, data, statistics, forms, designs, plans, procedures, systems and any other
materials or properties produced in whole or in part under this Agreement in connection with the performance
of the Required Services (collectively “Work Product”) shall be the sole and exclusive property of City. No
such Work Product shall be subject to private use, copyrights or patent rights by Consultant in the United
States or in any other country without the express, prior written consent of City. City shall have unrestricted
authority to publish, disclose, distribute, and otherwise use, copyright or patent, in whole or in part, any such
Work Product, without requiring any permission of Consultant, except as may be limited by the provisions of
the Public Records Act or expressly prohibited by other applicable laws. With respect to computer files
containing data generated as Work Product, Consultant shall make available to City, upon reasonable written
request by City, the necessary functional computer software and hardware for purposes of accessing,
compiling, transferring and printing computer files.
8. GENERAL PROVISIONS
8.1 Amendment. This Agreement may be amended, but only in writing signed by both Parties.
8.2 Assignment. City would not have entered into this Agreement but for Consultant’s unique
qualifications and traits. Consultant shall not assign any of its rights or responsibilities under this Agreement,
nor any part hereof, without City’s prior written consent, which City may grant, condition or deny in its sole
discretion.
8.3 Authority. The person(s) executing this Agreement for Consultant warrants and represents that they
have the authority to execute same on behalf of Consultant and to bind Consultant to its obligations hereunder
without any further action or direction from Consultant or any board, principle or officer thereof.
8.4 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an
original, but all of which shall constitute one Agreement after each Party has signed such a counterpart.
8.5 Entire Agreement. This Agreement together with all exhibits attached hereto and other agreements
expressly referred to herein, constitutes the entire Agreement between the Parties with respect to the subject
matter contained herein. All exhibits referenced herein shall be attached hereto and are incorporated herein
by reference. All prior or contemporaneous agreements, understandings, representations, warranties and
statements, oral or written, are superseded.
8.6 Record Retention. During the course of the Agreement and for three (3) years following completion
of the Required Services, Consultant agrees to maintain, intact and readily accessible, all data, documents,
reports, records, contracts, and supporting materials relating to the performance of the Agreement, including
accounting for costs and expenses charged to City, including such records in the possession of sub-
contractors/sub-consultants.
8.7 Further Assurances. The Parties agree to perform such further acts and to execute and deliver such
additional documents and instruments as may be reasonably required in order to carry out the provisions of
this Agreement and the intentions of the Parties.
8.8 Independent Contractor. Consultant is and shall at all times remain as to City a wholly independent
contractor. Neither City nor any of its officers, employees, agents or volunteers shall have control over the
conduct of Consultant or any of Consultant’s officers, employees, or agents (“Consultant Related
Individuals”), except as set forth in this Agreement. No Consultant Related Individuals shall be deemed
employees of City, and none of them shall be entitled to any benefits to which City employees are entitled,
Page 56 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
9 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
including but not limited to, overtime, retirement benefits, worker's compensation benefits, injury leave or
other leave benefits. Furthermore, City will not withhold state or federal income tax, social security tax or
any other payroll tax with respect to any Consultant Related Individuals; instead, Consultant shall be solely
responsible for the payment of same and shall hold the City harmless with respect to same. Consultant shall
not at any time or in any manner represent that it or any of its Consultant Related Individuals are employees
or agents of City. Consultant shall not incur or have the power to incur any debt, obligation or liability
whatsoever against City, or bind City in any manner.
8.9 Notices. All notices, demands or requests provided for or permitted to be given pursuant to this
Agreement must be in writing. All notices, demands and requests to be sent to any Party shall be deemed to
have been properly given or served if personally served or deposited in the United States mail, addressed to
such Party, postage prepaid, registered or certified, with return receipt requested, at the addresses identified
in this Agreement at the places of business for each of the designated Parties as indicated in Exhibit A, or
otherwise provided in writing.
8.10 Electronic Signatures. Each Party agrees that the electronic signatures, whether digital or encrypted, of
the Parties included in this Agreement are intended to authenticate this writing and to have the same force and
effect as manual signatures. Electronic Signature means any electronic sound, symbol, or process attached
to or logically associated with a record and executed and adopted by a Party with the intent to sign such record,
including facsimile or email electronic signatures, pursuant to the California Uniform Electronic Transactions
Act (Cal. Civ. Code §§ 1633.1 to 1633.17) as amended from time to time.
(End of page. Next page is signature page.)
Page 57 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
10 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
SIGNATURE PAGE
CONSULTANT SERVICES AGREEMENT
IN WITNESS WHEREOF, by executing this Agreement where indicated below, City and Consultant
agree that they have read and understood all terms and conditions of the Agreement, that they fully agree and
consent to bound by same, and that they are freely entering into this Agreement as of the Effective Date.
SBCS CORPORATION CITY OF CHULA VISTA
BY:________________________________ BY: ________________________________
KATHRYN LEMBO JOHN MCCANN
PRESIDENT & CEO MAYOR
ATTEST
BY: ________________________________
Kerry K. Bigelow, MMC
City Clerk
APPROVED AS TO FORM
BY: _______________________________
Jill D.S.Maland
Lounsbery Ferguson Altona & Peak
Acting City Attorney
Page 58 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
11 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
EXHIBIT A
SCOPE OF WORK AND PAYMENT TERMS
1. Contact People for Contract Administration and Legal Notice
A. City Contract Administration:
Chula Vista Police Department
Jonathan Alegre, Police Administrative Services Administrator
315 Fourth Avenue, Chula Vista, CA 91910
(619) 476-2570
jalegre@chulavistapd.org
For Legal Notice Copy to:
City of Chula Vista
City Attorney
276 Fourth Avenue, Chula Vista, CA 91910
619-691-5037
CityAttorney@chulavistaca.gov
B. Consultant Contract Administration:
SBCS CORPORATION
430 F Street, Chula Vista, CA 91910
(619) 420-3620
klembo@csbcs.org
For Legal Notice Copy to:
[same as above]
2. Required Services
A. General Description:
SBCS Corporation will provide counseling and outreach services to youth and families who are referred
through the juvenile diversion program.
B. Detailed Description:
Provide assessment and treatment plan services to juvenile offender first referrals follo wing arrest and
runaways. Provide individual, family and/or group counseling services to youth and families who are referred
through the juvenile diversion program. Other services may include parenting classes, substance abuse
counseling, mediation, educational assistance, community service and anger management instruction.
Provide for a three-month and six-month follow-up by phone or mail to check if clients are following through
with their contract obligations. In addition to the follow-up contracts, records will be kept by logging cases on
a master list and providing monthly statistics.
Page 59 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
12 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
Provide for crisis intervention by telephone and meetings for families in need of immediate services for
mediation and counseling.
Provide monthly invoice for counseling and outreach services rendered.
3. Term: In accordance with Section 1.10 of this Agreement, the term of this Agreement shall begin July 1,
2023 and end on June 30, 2024 for completion of all Required Services.
4. Compensation:
A. Form of Compensation
☒ Single Fixed Fee. For performance of all of the Required Services by Consultant as herein required, City shall
pay a single fixed fee of $120,000 per year, upon completion of all Required Services to City’s satisfaction.
B. Reimbursement of Costs
☒ None, the compensation includes all costs.
Notwithstanding the foregoing, the maximum amount to be paid to the Consultant for services performed through
June 30, 2028 shall not exceed $600,000.
5. Special Provisions:
☐ Permitted Sub-Consultants: None
☐ Security for Performance: None
☒ Notwithstanding the completion date set forth in Section 3 above, City has option to extend this Agreement
for four (4) additional terms, each limited to a one-year increment which shall begin every July 1 and end every
June 30 of the next succeeding year, but no additional term shall extend this Agreement to any later than June
30, 2028. The City Manager or Director of Finance/Treasurer shall be authorized to exercise the extensions on
behalf of the City. If the City exercises an option to extend, each extension shall be on the same terms and
conditions contained herein, provided that the amounts specified in Section 4 above may be increased by up to
0% for each extension. The City shall give written notice to Consultant of the City’s election to exercise the
extension via the Notice of Exercise of Option to Extend document.
Page 60 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
13 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
EXHIBIT B
INSURANCE REQUIREMENTS
Consultant shall adhere to all terms and conditions of Section 3 of the Agreement and agrees to provide the
following types and minimum amounts of insurance, as indicated by checking the applicable boxes (x).
Type of Insurance Minimum Amount Form
☒ General Liability:
Including products and
completed operations,
personal and
advertising injury
$2,000,000 per occurrence for
bodily injury, personal injury
(including death), and property
damage. If Commercial General
Liability insurance with a general
aggregate limit is used, either the
general aggregate limit must apply
separately to this Agreement or the
general aggregate limit must be
twice the required occurrence limit
Additional Insured Endorsement
or Blanket AI Endorsement for
City*
Waiver of Recovery Endorsement
Insurance Services Office Form
CG 00 01
*Must be primary and must not
exclude Products/Completed
Operations
☒ Automobile Liability $1,000,000 per accident for bodily
injury, including death, and
property damage
Insurance Services Office Form
CA 00 01
Code 1-Any Auto
Code 8-Hired
Code 9-Non Owned
☒ Workers’
Compensation
Employer’s Liability
$1,000,000 each accident
$1,000,000 disease policy limit
$1,000,000 disease each employee
Waiver of Recovery Endorsement
☒ Professional Liability
(Errors & Omissions)
$1,000,000 each occurrence
$2,000,000 aggregate
Other Negotiated Insurance Terms: NONE
Page 61 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
14 City of Chula Vista Agreement No.: 2023-075
Consultant Name: SBCS Corporation Rev. 1/17/23
EXHIBIT C
CONSULTANT CONFLICT OF INTEREST DESIGNATION
The Political Reform Act1 and the Chula Vista Conflict of Interest Code2 (“Code”) require designated state and
local government officials, including some consultants, to make certain public disclosures using a Statement of
Economic Interests form (Form 700). Once filed, a Form 700 is a public document, accessible to any member of
the public. In addition, consultants designated to file the Form 700 are also required to comply with certain ethics
training requirements.3
☒ A. Consultant IS a corporation or limited liability company and is therefore EXCLUDED4 from disclosure.
☐ B. Consultant NOT a corporation or limited liability company and disclosure designation is as follows:
APPLICABLE DESIGNATIONS FOR INDIVIDUAL(S) ASSIGNED TO PROVIDE SERVICES
(Category descriptions available at www.chulavistaca.gov/departments/city-clerk/conflict-of-interest-code.)
Name Email Address Applicable Designation
☐ A. Full Disclosure
☐ B. Limited Disclosure (select one or more of
the categories under which the consultant shall file):
☐ 1. ☐ 2. ☐ 3. ☐ 4. ☐ 5. ☐ 6. ☐ 7.
Justification:
☒ C. Excluded from Disclosure
1. Required Filers
Each individual who will be performing services for the City pursuant to the Agreement and who meets the definition
of “Consultant,” pursuant to FPPC Regulation 18700.3, must file a Form 700.
2. Required Filing Deadlines
Each initial Form 700 required under this Agreement shall be filed with the Office of the City Clerk via the City's online
filing system, NetFile, within 30 days of the approval of the Agreement. Additional Form 700 filings will be required
annually on April 1 during the term of the Agreement, and within 30 days of the termination of the Agreement.
3. Filing Designation
The City Department Director will designate each individual who will be providing services to the City pursuant to the
Agreement as full disclosure, limited disclosure, or excluded from disclosure, based on an analysis of the services the
Consultant will provide. Notwithstanding this designation or anything in the Agreement, the Consultant is ultimately
responsible for complying with FPPC regulations and filing requirement s. If you have any questions regarding filing
requirements, please do not hesitate to contact the City Clerk at (619)691-5041, or the FPPC at 1-866-ASK-FPPC, or
(866) 275-3772 *2.
Pursuant to the duly adopted City of Chula Vista Conflict of Interest Code, this document shall serve as the written
determination of the consultant’s requirement to comply with the disclosure requirements set forth in the Code.
Completed by: Jonathan Alegre
1 Cal. Gov. Code §§81000 et seq.; FPPC Regs. 18700.3 and 18704.
2 Chula Vista Municipal Code §§2.02.010-2.02.040.
3 Cal. Gov. Code §§53234, et seq.
4 CA FPPC Adv. A-15-147 (Chadwick) (2015); Davis v. Fresno Unified School District (2015) 237 Cal.App.4th 261; FPPC Reg.
18700.3 (Consultant defined as an “individual” who participates in making a governmental decision; “individual” does not incl ude
corporation or limited liability company).
Page 62 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
v . 0 03 P a g e | 1
June 6, 2023
ITEM TITLE
Investment Report: Quarter Ending March 31, 2023
Report Number: 23-0146
Location: No specific geographic location
Department: Finance
Environmental Notice: The activity is not a “Project” as defined under Section 15378 of the California
Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no
environmental review is required.
Recommended Action
Receive the investment report for the quarter ending on March 31, 2023.
SUMMARY
Transmitted herewith is the City’s investment report for the quarter ending March 31, 2023. To meet the
reporting requirements set forth in the California Government Code Sections 53600 et seq. and the City of
Chula Vista Investment Policy and Guidelines, a separate report was distributed to the City Council in April.
ENVIRONMENTAL REVIEW
The Director of Development Services has reviewed the proposed activity for compliance with the California
Environmental Quality Act (CEQA) and has determined that the activity is not a “Project” as defined under
Section 15378 of the State CEQA Guidelines because the proposed activity consists of a governmental
fiscal/administrative activity which does not result in a physical change in the environment; therefore,
pursuant to Section 15060(c)(3) of the State CEQA Guidelines, the activity is not subject to CEQA. Thus, no
environmental review is required.
BOARD/COMMISSION/COMMITTEE RECOMMENDATION
Not applicable.
Page 63 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 2
DISCUSSION
As shown in the table below, the total cash and investment portfolio held by the City as of March 31, 2023,
was $608,911,718 and total cash and investments held by the trustees was $135,211,908.
Cash and investments held by the City and the trustees continue to be invested in accordance with the
Government Code and the Council Investment Policy as adopted by Resolution 2023-024 on March 7, 2023.
During this quarter, excess cash in the amount of $30,000,000 was transferred to the State of CA Local Agency
Investment Fund, pooled investment account. Additionally, fourteen investments matured, totaling
$16,190,000 and were transferred to pooled investment accounts in May.
Two-year Treasuries yield was 4.41% at the beginning of the quarter and ended the quarter at a yield of
4.06%. As of March 31, 2023, the Weighted Yield to Maturity on the Managed Investment Portfolio was
2.06%, which was an increase of one basis point from the previous quarter. Purchases are made at current
market yields with fixed interest rates.
At the end of this quarter, the Weighted Average Maturity of the Managed Investment Portfolio was 1.87
years, which is a decrease from 2.06 years in the prior quarter and is within the Council Policy.
The Federal Open Market Committee (FOMC) meets approximately every six weeks and determines the level
of the Federal Funds Rate. During this quarter, the FOMC met on January 31 and March 21. At their January
31 meeting, the FOMC voted to raise the Federal Funds Rate target range by 0.25%. At their March 21
meeting, the FOMC voted to raise the Federal Funds Rate target range by an additional 0.25%. The Federal
Funds Rate target range has increased to a new range of 4.75%-5.00%.
The following excerpts are from the statement issued by the FOMC following their March 21 meeting. “Recent
indicators point to modest growth in spending and production. Job gains have picked up in recent months and
are running at a robust pace; the unemployment rate has remained low. Inflation remains elevated. The U.S.
banking system is sound and resilient. Recent developments are likely to result in tigh ter credit conditions for
households and businesses and to weigh on economic activity, hiring, and inflation. The extent of these effects is
uncertain. The Committee remains highly attentive to inflation risks. The Committee seeks to achieve maximum
employment and inflation at the rate of 2 percent over the long run. In support of these goals, the Committee
Summary of Cash and Investments as of March 31, 2023
Investments Book Value
Managed Investment Portfolio 521,655,742$
State of California Local Agency Investment Fund 41,924,456
County of San Diego Pooled Investment Fund 23,501,714
Total Investments 587,081,912
Cash/Time Deposits 21,829,806
Total Cash and Investments Held by the City 608,911,718
Cash and Investments Held by Bank Trustee 135,211,908
Total Investment Portfolio 744,123,626$
Page 64 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 3
decided to raise the target range for the federal funds rate to 4-3/4 to 5 percent. The Committee will closely
monitor incoming information and assess the implications for monetary policy. The Committee anticipates that
some additional policy firming may be appropriate in order to attain a stance of monetary policy that is
sufficiently restrictive to return inflation to 2 percent over time… In assessing the appropriate stance of
monetary policy, the Committee will continue to monitor the implications of incoming information for the
economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if
risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take
into account a wide range of information, including readings on labor market conditions, inflation pressures
and inflation expectations, and financial and international developments.”
The Finance Department continues to manage the portfolio and execute transactions as financial and
economic conditions warrant. There is no further activity to report other than routine investments.
Considering the projected timing of cash receipts and disbursements and the structure of the Pooled
Investment Portfolio, the City will be able to comfortably meet overall cash flow needs over the next six
months. On May 23, 2023, the City Council approved an agreement with Chandler Asset Management, Inc. to
provide non-discretionary investment management services to manage the City’s investment portfolio. Over
the next quarter, the Finance Department will begin to transition the management of the City’s investment
portfolio to Chandler Asset Management, Inc.; however, the City will continue to maintain the discretion to
approve all recommended investment transactions before execution.
DECISION-MAKER CONFLICT
Staff has reviewed the decision contemplated by this action and has determined that it is not site-specific and
consequently, the real property holdings of the City Council members do not create a disqualifying real
property-related financial conflict of interest under the Political Reform Act (Cal. Gov’t Code § 87100, et seq.).
Staff is not independently aware, and has not been informed by any City Council member, of any other fact
that may constitute a basis for a decision-maker conflict of interest in this matter.
CURRENT-YEAR FISCAL IMPACT
Considering the projected timing of cash receipts and disbursements and the structure of the Pooled
Investment Portfolio, the City should be able to comfortably meet overall cash flow needs over the next six
months. There is no direct fiscal impact as a result of this action.
ONGOING FISCAL IMPACT
There is no ongoing fiscal impact as a result of this action.
ATTACHMENTS
1. Summary of Cash and Investments as of March 31, 2023
2. Investment Report for the Quarter Ended March 31, 2023
Staff Contact: Adrian Del Rio, Assistant Director, Finance Department
Sarah Schoen, Director of Finance/Treasurer
Page 65 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
% of
Investment Type Par Value Market Value Book Value Portfolio
Managed Investment Portfolio
BNY Custodial Cash Account $19,300,967 $19,300,967 $19,300,967 2.59%
U.S. Treasury Bond/Note 19,000,000 19,326,050 19,575,415 2.63%
Federal Agency Collateralized Mtg Ob.0 0 0 0.00%
Federal Agency Bond/Note 202,295,000 193,685,761 201,733,208 27.11%
Corporate Note 149,533,000 144,175,664 150,459,647 20.22%
Commercial Paper 0 0 0 0.00%
Certificate of Deposit 22,598,000 21,785,367 22,600,305 3.04%
Municipal Bond 85,885,000 82,403,167 85,454,610 11.48%
Supranationals 18,400,000 17,406,376 18,264,469 2.45%
Asset Back Security/Collateralized Mtg Ob.0 0 0 0.00%
Placement Service Deposits (CDARS)4,267,121 4,267,121 4,267,121 0.57%
Managed Investment Portfolio Subtotal 521,279,089 502,350,474 521,655,742 70.10%
Pooled Investments
State of CA Local Agency Investment Fund 41,924,456 41,358,908 41,924,456 5.63%
County of San Diego Pooled Investment Fund 23,501,714 22,808,413 23,501,714 3.16%
Pooled Investments Subtotal 65,426,170 64,167,322 65,426,170 8.79%
Investments Held by the City 586,705,258 566,517,796 587,081,912 11.95%
Cash/Time Deposits 21,829,806 21,829,806 21,829,806 2.93%
Total Cash & Investments Held by the City $608,535,064 $588,347,602 $608,911,718 81.83%
Held by Bank Trustee/Fiduciary Funds
Investment Agreements 0 0 0 0.00%
Mutual Funds 23,020,219 22,831,264 23,020,219 3.09%
Cash with Fiscal Agents 0 0 0 0.00%
Restricted Cash 10,715,578 10,715,578 10,715,578 1.44%
U.S. Government 101,476,112 101,476,112 101,476,112 13.64%
Total Held by Bank Trustee/Fiduciary Funds $135,211,908 $135,022,954 $135,211,908 18.17%
Total Portfolio $743,746,972 $723,370,555 $744,123,626 100.00%
Notes:
1. Reflects bond proceeds and tax levy revenues held by trustee in accordance with bond covenants.
2. Par value is the principal amount of the investment on maturity.
3. Market values contained herein are received from sources we believe are reliable, however we do not guarantee their accuracy.
4. Book value is par value of the security plus or minus any premium or discount on the security.
Summary of Cash and Investments as of March 31, 2023
City of Chula Vista
Page 66 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Excludes Pooled Investments and BNY Custodial Cash Account
Portfolio Maturity
Under 1 Year
Maturity March 2023 Dec 2022 Change 1 - 2 Years
3-Month 4.85%4.42%0.43%2 - 3 Years
1-Year 4.64%4.73%-0.09%3 - 4 Years
2-Year 4.06%4.41%-0.35%4 - 5 Years
3-Year 3.81%4.22%-0.41%Total
5-Year 3.60%3.99%-0.39%
10-Year 3.48%3.88%-0.40%
January
February
March 2022 March 2021 March 2020 March 2019 March
2.28%0.16%0.23%2.27%Total for Quarter
Note: Interest Earnings figures do not include capital gains or losses
PAR Maturing
22,714,000$
City of Chula Vista
Investment Report for the Quarter Ended March 31, 2023
Portfolio Summary and Key Statistics
PAR Value
Book Value
Market Value
Weighted Average Maturity (in years)
Weighted Yield to Maturity
Portfolio Key Statistics
586,705,258$
587,081,912$
566,517,796$
1.87
2.06%
3,255,167$
% Maturing
2022 Change
501,978,121$
25%
30%
27%
13%
5%
100%
127,340,121$
149,472,000$
136,985,000$
65,467,000$
1,109,691$
U.S. Treasury Yields - Quarterly Comparison
2-Year U.S. Treasury Yield - Historical Data
937,086$
1,208,389$
744,338$
610,556$
Interest Earnings 2023
855,513$
2,210,407$
192,748$
597,833$
254,178$
1,044,760$
0.00%3.85%
0.00%
25.45%
34.19%
3.41%
14.55%
3.07%
0.75%7.30%
4.03%3.41%
ASSET-BACKED SECURITY
CERTIFICATE OF DEPOSIT
COMMERCIAL PAPER
CORPORATE NOTE
FEDERAL AGENCY BOND/NOTE
U.S. TREASURY NOTE
MUNICIPAL BOND
SUPRANATIONAL
PLACEMENT SERVICE DEPOSITS
LOCAL AGENCY INVESTMENT FUND
SD COUNTY INVESTMENT POOL
MONEY MARKET FUND (BNY MELLON)
0%
5%
10%
15%
20%
25%
30%
Under 1
Year
1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years
25%
30%
27%
13%
5%
Portfolio Maturity Distribution
Page 1 of 17 Source: City of Chula Vista Finance DepartmentPage 67 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Market Values as of:3/31/2023
Current Investments
CUSIP Issuer Callable DatedDate Coupon Maturity Par
S&P
Mdys TradeDate
Settlement
Date Book Value YTM
BNY Market
Value 1
ASSET-BACKED SECURITY SUBTOTAL 0.00 0.00 0.00
856487AQ6 STATE BANK OF REESEVILLE NO 4/12/2019 2.550%4/12/2023 249,000.00 NA 3/28/2019 4/12/2019 249,000.00 2.55 248,808.04
598315CE7 MIDWEST COMMUNITY BANK NO 4/15/2020 1.200%4/14/2023 249,000.00 NA 4/3/2020 4/15/2020 249,000.00 1.20 248,645.99
12738RGA6 CADENCE BANK NO 4/15/2020 1.300%4/17/2023 248,000.00 NA 4/2/2020 4/15/2020 248,000.00 1.30 247,580.66
27002YEL6 EAGLEBANK NO 4/30/2019 2.650%4/28/2023 249,000.00 NA 4/16/2019 4/30/2019 249,000.00 2.65 248,573.40
857894F95 STEARNS BANK NO 2/10/2020 1.650%5/10/2023 247,000.00 NA 2/4/2020 2/10/2020 247,000.00 1.65 246,115.19
30886WAB1 FARMERS & MERCH SVGS BK NO 8/15/2019 1.950%8/15/2023 249,000.00 NA 8/1/2019 8/15/2019 249,000.00 1.95 246,030.79
63970QFT8 NEBRASKALAND NATIONAL BANK NO 8/22/2019 1.750%8/22/2023 248,000.00 NA 8/12/2019 8/22/2019 248,000.00 1.75 244,705.61
33766LAH1 FIRSTIER BANK NO 8/23/2019 1.900%8/23/2023 249,000.00 NA 8/8/2019 8/23/2019 249,000.00 1.90 245,809.91
02519TAW6 AMERICAN COMMERCE BANK NO 8/23/2019 1.750%8/23/2023 249,000.00 NA 8/12/2019 8/23/2019 249,000.00 1.75 245,661.35
15118RRF6 CELTIC BANK NO 8/30/2019 1.800%8/30/2023 249,000.00 NA 8/12/2019 8/30/2019 249,000.00 1.80 245,554.34
33648RAZ2 FIRST ST BANK BUXTON NO 9/5/2019 1.650%9/5/2023 249,000.00 NA 8/27/2019 9/5/2019 249,000.00 1.65 245,236.41
634116CU9 NATIONAL BANK OF NY CITY NO 9/10/2019 1.700%9/8/2023 249,000.00 NA 8/27/2019 9/10/2019 249,000.00 1.70 245,220.52
00257TBG0 ABACUS FEDERAL SVGS BANK NO 9/12/2019 1.700%9/12/2023 249,000.00 NA 8/27/2019 9/12/2019 249,000.00 1.70 245,127.59
33640VDB1 FIRST SERVICE BANK NO 9/30/2019 1.750%9/29/2023 249,000.00 NA 9/17/2019 9/30/2019 249,000.00 1.75 244,796.41
20033AM86 COMENITY CAPITAL NO 10/30/2018 3.450%10/30/2023 249,000.00 NA 10/26/2018 10/30/2018 249,000.00 3.45 246,552.82
38148PY84 GOLDMAN SACHS NO 10/31/2018 3.500%10/31/2023 245,000.00 NA 10/26/2018 10/31/2018 245,000.00 3.50 242,658.72
90348JFQ8 UBS BANK USA NO 11/7/2018 3.500%11/7/2023 249,000.00 NA 10/30/2018 11/7/2018 249,000.00 3.50 246,536.84
06740KMU8 BARCLAYS BANK NO 11/7/2018 3.450%11/7/2023 245,000.00 NA 10/29/2018 11/7/2018 245,000.00 3.45 242,507.67
61690UAZ3 MORGAN STANLEY NO 11/8/2018 3.550%11/8/2023 245,000.00 NA 10/31/2018 11/8/2018 245,000.00 3.55 242,642.79
17312QV55 CITIBANK NA NO 11/9/2018 3.450%11/9/2023 245,000.00 NA 10/26/2018 11/9/2018 245,000.00 3.45 242,484.80
949763UY0 WELLS FARGO BANK NA NO 11/9/2018 3.500%11/9/2023 249,000.00 NA 10/26/2018 11/9/2018 249,000.00 3.50 246,514.78
20143PDV9 COMMERCIAL BANK HARROGATE NO 11/15/2018 3.400%11/15/2023 249,000.00 NA 11/7/2018 11/15/2018 249,000.00 3.40 246,293.36
06426KBH0 BANK OF NEW ENGLAND NO 7/19/2019 2.150%11/20/2023 249,000.00 NA 7/10/2019 7/19/2019 249,000.00 2.15 244,250.05
06062R7R7 BANK OF BARODA NO 11/30/2018 3.550%11/30/2023 245,000.00 NA 11/20/2018 11/30/2018 245,000.00 3.55 242,407.26
57116ATG3 MARLIN BUSINESS BANK NO 12/2/2019 1.700%12/4/2023 249,000.00 NA 11/6/2019 12/2/2019 249,000.00 1.70 243,214.51
066851WH5 BAR HARBOR BANK & TRUST NO 12/31/2018 3.300%12/29/2023 249,000.00 NA 12/19/2018 12/31/2018 249,000.00 3.30 245,599.49
629801AB7 NAHEOLA CREDIT UNION NO 1/10/2020 2.000%1/10/2024 248,000.00 NA 12/20/2019 1/10/2020 248,000.00 2.00 241,971.04
58404DDG3 MEDALLION BANK UTAH NO 2/11/2019 3.000%2/12/2024 249,000.00 NA 1/30/2019 2/11/2019 249,000.00 3.00 244,290.44
77579ADF0 ROLLSTONE BANK & TRUST NO 2/12/2020 1.650%2/12/2024 247,000.00 NA 2/11/2020 2/13/2020 247,000.00 1.65 239,515.59
69324MAL9 PCSB BANK NO 2/21/2020 1.650%2/21/2024 249,000.00 NA 2/6/2020 2/21/2020 249,000.00 1.65 241,184.49
06251AW48 BANK HAPOALIM BM NY NO 3/25/2019 2.900%3/25/2024 246,000.00 NA 3/18/2019 3/25/2019 246,000.00 2.90 240,435.91
05465DAK4 AXOS BANK NO 3/26/2020 1.650%3/26/2024 249,000.00 NA 2/27/2020 3/26/2020 249,000.00 1.65 240,262.09
654062JR0 NICOLET NATIONAL BANK NO 3/31/2020 1.150%3/28/2024 249,000.00 NA 3/18/2020 3/31/2020 249,000.00 1.15 238,995.05
51210SSH1 LAKESIDE BANK NO 4/14/2020 1.250%4/12/2024 249,000.00 NA 4/3/2020 4/14/2020 249,000.00 1.25 238,709.82
472382AQ3 JEFFERSON BANK NO 4/15/2020 1.250%4/15/2024 249,000.00 NA 4/3/2020 4/15/2020 249,000.00 1.25 238,630.39
69506YRH4 PACIFIC WESTERN BANK NO 4/16/2020 1.300%4/16/2024 248,000.00 NA 4/6/2020 4/16/2020 248,000.00 1.30 237,875.25
88457PAR8 THOMASTON SAVINGS BANK NO 4/23/2020 1.250%4/23/2024 248,000.00 NA 4/13/2020 4/23/2020 248,000.00 1.25 237,563.42
66736ABT5 NORTHWEST BANK NO 4/30/2020 1.100%4/30/2024 249,000.00 NA 4/17/2020 4/30/2020 249,000.00 1.10 237,836.44
32027BAM9 FIRST FREEDOM BANK NO 4/30/2020 1.100%4/30/2024 249,000.00 NA 4/17/2020 4/30/2020 249,000.00 1.10 237,836.44
909242AH2 UNITED REPUBLIC BANK NO 5/13/2020 1.000%5/13/2024 249,000.00 NA 4/21/2020 5/13/2020 249,000.00 1.00 237,409.13
14042RLZ2 CAPITAL ONE NA NO 6/19/2019 2.500%6/19/2024 246,000.00 NA 6/11/2019 6/19/2019 246,000.00 2.50 238,235.39
14042TAW7 CAPITAL ONE BANK NO 6/19/2019 2.500%6/19/2024 246,000.00 NA 6/11/2019 6/19/2019 246,000.00 2.50 238,235.39
501798NL2 LCA BANK CORPORATION NO 6/28/2019 2.200%6/28/2024 247,000.00 NA 6/19/2019 6/28/2019 247,000.00 2.20 238,157.58
761402BY1 REVERE BANK NO 6/28/2019 2.300%6/28/2024 247,000.00 NA 6/18/2019 6/28/2019 247,000.00 2.30 238,455.62
156634AS6 CENTURY NEXT BANK NO 7/17/2019 2.000%7/17/2024 249,000.00 NA 7/3/2019 7/17/2019 249,000.00 2.00 239,261.28
15721UDB2 CF BANK NO 8/19/2019 1.850%8/19/2024 247,000.00 NA 8/8/2019 8/19/2019 247,000.00 1.85 236,436.96
33617LAC3 FIRST RESOURCE BANK NO 8/21/2019 1.700%8/21/2024 249,000.00 NA 8/12/2019 8/21/2019 249,000.00 1.70 237,802.16
128829AF5 CALDWELL BANK & TRUST NO 8/23/2019 1.900%8/23/2024 247,000.00 NA 8/7/2019 8/23/2019 247,000.00 1.90 236,614.74
Page 2 of 17 Page 68 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Market Values as of:3/31/2023
Current Investments
CUSIP Issuer Callable DatedDate Coupon Maturity Par
S&P
Mdys TradeDate
Settlement
Date Book Value YTM
BNY Market
Value 1
938828BJ8 WASHINGTON FEDERAL NO 8/23/2019 2.050%8/23/2024 249,000.00 NA 7/29/2019 8/23/2019 249,000.00 2.05 238,951.47
372348CK6 GENOA BANKING COMPANY NO 8/28/2019 1.800%8/28/2024 249,000.00 NA 8/12/2019 8/28/2019 249,000.00 1.80 237,997.71
589227AG2 MERCHANTS STATE BANK NO 8/30/2019 1.800%8/30/2024 247,000.00 NA 8/7/2019 8/30/2019 247,000.00 1.80 236,141.12
740367HS9 PREFERRED BANK NO 8/30/2019 1.850%8/30/2024 249,000.00 NA 8/7/2019 8/30/2019 249,000.00 1.85 238,129.24
710665FD7 PEOPLES BANK ROCK VALLEY NO 3/10/2020 1.500%9/10/2024 249,000.00 NA 2/24/2020 3/10/2020 249,000.00 1.50 236,938.04
020080BL0 ALMA BANK NO 9/11/2019 1.750%9/11/2024 249,000.00 NA 8/27/2019 9/11/2019 249,000.00 1.75 237,798.25
064236BG6 BANK OF OLD MONROE NO 9/18/2019 1.700%9/18/2024 249,000.00 NA 8/27/2019 9/18/2019 249,000.00 1.70 237,476.94
849430BA0 SPRING BANK NO 9/19/2019 1.650%9/19/2024 249,000.00 NA 8/27/2019 9/19/2019 249,000.00 1.65 237,277.27
29367RLA2 ENTERPRISE BANK NO 9/27/2019 1.800%9/27/2024 247,000.00 NA 9/17/2019 9/27/2019 247,000.00 1.80 235,855.16
06652CHB0 BANKWEST INC NO 9/27/2019 1.700%9/27/2024 249,000.00 NA 9/12/2019 9/27/2019 249,000.00 1.70 237,291.32
903572DX0 UINTA BANK NO 10/16/2019 1.700%10/16/2024 247,000.00 NA 10/4/2019 10/16/2019 247,000.00 1.70 235,378.85
62844AAP2 MUTUALBANK NO 10/22/2019 1.700%10/22/2024 249,000.00 NA 10/4/2019 10/22/2019 249,000.00 1.70 237,056.25
32116PAM0 FIRST BANK OF NEBRASKA NO 10/30/2019 1.700%10/30/2024 249,000.00 NA 10/9/2019 10/30/2019 249,000.00 1.70 236,895.84
29367SJQ8 ENTERPRISE BANK & TRUST NO 11/8/2019 1.800%11/8/2024 249,000.00 NA 10/22/2019 11/8/2019 249,000.00 1.80 237,393.96
89579NCB7 TRIAD BANK NO 11/8/2019 1.800%11/8/2024 249,000.00 NA 11/4/2019 11/8/2019 249,000.00 1.80 237,393.96
560507AN5 MAINE SAVINGS FCU NO 11/8/2019 1.900%11/8/2024 245,000.00 NA 2/3/2020 2/5/2020 247,305.45 1.69 233,964.62
201282JB7 COMMERCIAL BANK ALMA MI NO 11/13/2019 1.750%11/13/2024 249,000.00 NA 10/31/2019 11/13/2019 249,000.00 1.75 237,102.12
20404YCF0 COMMUNITY STATE BANK IL NO 3/2/2020 1.550%12/2/2024 249,000.00 NA 2/13/2020 3/2/2020 249,000.00 1.55 236,224.93
204161BJ1 COMMUNITY BANK TEXAS NO 12/4/2019 1.800%12/4/2024 249,000.00 NA 11/20/2019 12/4/2019 249,000.00 1.80 237,203.04
062163BN9 BANK FORWARD NO 12/18/2019 1.750%12/18/2024 249,000.00 NA 12/5/2019 12/18/2019 249,000.00 1.75 236,736.43
35637RDC8 FREEDOM FINANCIAL BANK NO 2/14/2020 1.550%2/14/2025 249,000.00 NA 2/6/2020 2/14/2020 249,000.00 1.55 235,420.50
32114VBT3 FIRST NATL BANK MICHIGAN NO 2/14/2020 1.650%2/14/2025 249,000.00 NA 2/4/2020 2/14/2020 249,000.00 1.65 235,874.18
029728BC5 AMERICAN STATE BANK IA NO 2/21/2020 1.600%2/21/2025 249,000.00 NA 2/6/2020 2/21/2020 249,000.00 1.60 235,517.03
07815AAZ0 BELL BANK CORP NO 2/27/2020 1.600%2/27/2025 249,000.00 NA 2/10/2020 2/27/2020 249,000.00 1.60 235,405.63
02554BCZ2 AMERICAN EAGLE BANK IL NO 2/28/2020 1.600%2/28/2025 249,000.00 NA 2/18/2020 3/2/2020 249,000.00 1.60 235,387.20
44042TBX1 HORIZON BANK WAVERLY NE NO 2/28/2020 1.550%2/28/2025 249,000.00 NA 2/6/2020 2/28/2020 249,000.00 1.55 235,155.93
32117WAN2 FNB OF ALBANY NO 2/28/2020 1.600%2/28/2025 249,000.00 NA 2/25/2020 2/28/2020 249,000.00 1.60 235,387.20
46256YBF5 IOWA STATE BANK NO 3/5/2020 1.500%3/5/2025 248,000.00 NA 2/24/2020 3/5/2020 248,000.00 1.50 234,340.26
00435JBH5 ACCESS BANK OMAHA NE NO 3/13/2020 1.600%3/13/2025 249,000.00 NA 2/27/2020 3/13/2020 249,000.00 1.60 235,492.37
58117WAG2 MCHENRY SAVINGS BANK NO 3/13/2020 1.550%3/13/2025 249,000.00 NA 2/25/2020 3/13/2020 249,000.00 1.55 235,256.81
30257JAR6 FNB BANK INC/ROMNEY NO 3/18/2020 1.150%3/18/2025 249,000.00 NA 3/2/2020 3/18/2020 249,000.00 1.15 233,267.59
411822CN7 HARDIN COUNTY BANK NO 3/27/2020 1.000%3/27/2025 249,000.00 NA 3/9/2020 3/27/2020 249,000.00 1.00 232,359.49
064657BB4 BANK OF ROMNEY NO 3/27/2020 1.150%3/27/2025 249,000.00 NA 3/2/2020 3/27/2020 249,000.00 1.15 233,079.43
79772FAF3 SAN FRANCISCO CREDIT NO 3/27/2020 1.100%3/27/2025 249,000.00 NA 3/10/2020 3/27/2025 249,000.00 1.10 232,839.45
152577AZ5 CENTRAL BANK NO 3/27/2020 1.000%3/27/2025 249,000.00 NA 3/11/2020 3/27/2020 249,000.00 1.00 232,359.49
499724AM4 KNOXVILLE TVA EMPL CREDIT NO 3/31/2020 1.000%3/31/2025 249,000.00 NA 3/11/2020 3/31/2020 249,000.00 1.00 232,626.03
15201QCJ4 CENTERSTATE BANK NO 3/30/2020 1.000%3/31/2025 248,000.00 NA 3/10/2020 3/30/2020 248,000.00 1.00 231,834.45
38058KEF9 GOLD COAST BANK NO 4/15/2020 1.300%4/15/2025 249,000.00 NA 3/31/2020 4/15/2020 249,000.00 1.30 233,781.51
87164WZS0 SYNCHRONY BANK NO 4/17/2020 1.450%4/17/2025 248,000.00 NA 4/6/2020 4/17/2020 248,000.00 1.45 233,661.58
856285TF8 STATE BANK OF INDIA NO 4/29/2020 1.600%4/29/2025 248,000.00 NA 4/13/2020 4/29/2020 248,000.00 1.60 234,180.10
08016PDP1 BELMONT BANK & TRUST NO 4/30/2020 1.300%4/30/2025 249,000.00 NA 4/3/2020 4/30/2020 249,000.00 1.30 233,490.00
55316CAY2 M1 BANK NO 5/8/2020 1.000%5/8/2025 248,000.00 NA 4/27/2020 5/8/2020 248,000.00 1.00 231,169.49
01882MAC6 ALLIANT CREDIT UNION NO 12/30/2022 5.000%12/30/2027 249,000.00 NA 12/21/2022 12/30/2022 249,000.00 5.00 263,030.75
CERTIFICATE OF DEPOSIT SUBTOTAL 22,598,000.00 22,600,305.45 21,785,366.91
COMMERCIAL PAPER SUBTOTAL 0.00 0.00 0.00
654106AC7 NIKE INC MW&C 4/26/2013 2.250%5/1/2023 1,200,000.00 AA-7/26/2019 7/30/2019 1,206,456.00 2.09 1,197,300.00
540424AQ1 LOEWS CORP MW 5/7/2013 2.625%5/15/2023 1,500,000.00 A 2/5/2020 2/7/2020 1,538,700.00 1.74 1,489,875.00
828807DD6 SIMON PROPERTY GROUP LP MW 12/11/2017 2.750%6/1/2023 2,000,000.00 A-1/9/2020 1/13/2020 2,050,240.00 1.92 1,989,520.00
24422EUH0 JOHN DEERE CAPITAL CORP NO 6/7/2018 3.450%6/7/2023 2,000,000.00 A 2/6/2020 2/10/2020 2,111,060.00 1.72 1,993,160.00
Page 3 of 17 Page 69 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Market Values as of:3/31/2023
Current Investments
CUSIP Issuer Callable DatedDate Coupon Maturity Par
S&P
Mdys TradeDate
Settlement
Date Book Value YTM
BNY Market
Value 1
17330PSX8 CITIGROUP GLOBAL MARKETS NO 7/20/2022 3.750%7/20/2023 3,500,000.00 A 7/12/2022 7/20/2022 3,500,000.00 3.75 3,473,505.00
06053FAA7 BANK OF AMERICA CORP NO 7/23/2013 4.100%7/24/2023 1,255,000.00 A-12/8/2021 12/10/2021 1,322,968.05 0.74 1,249,553.30
69349LAM0 PNC BANK NA YES 7/25/2013 3.800%7/25/2023 2,525,000.00 A-12/22/2021 12/27/2021 2,633,878.00 0.89 2,508,814.75
06406FAD5 BANK OF NEW YORK MELLON CORP YES 8/16/2016 2.200%8/16/2023 3,000,000.00 A 12/22/2021 12/27/2021 3,066,220.51 0.84 2,965,530.00
89236THA6 TOYOTA MOTOR CORP MW 5/26/2020 1.350%8/25/2023 2,500,000.00 A+12/29/2021 12/31/2021 2,523,100.00 0.79 2,459,000.00
375558BL6 GILEAD SCIENCES MW 9/20/2016 2.500%9/1/2023 3,092,000.00 BBB+6/3/2019 6/5/2019 3,086,640.60 2.54 3,056,874.88
02665WDM0 AMERICAN HONDA FINANCE MW 9/10/2020 0.650%9/8/2023 3,000,000.00 A-12/8/2021 12/10/2021 2,990,803.11 0.83 2,940,540.00
231021AR7 CUMMINS INC MW 9/24/2013 3.650%10/1/2023 3,500,000.00 A+7/15/2019 7/18/2019 3,689,081.20 2.22 3,482,500.00
14913Q2S7 CATERPILLAR FINL MW 12/7/2018 3.650%12/7/2023 3,700,000.00 A 6/4/2019 6/6/2019 3,870,829.00 2.56 3,669,845.00
373298CF3 GEORGIA-PACIFIC MW 12/11/2003 8.000%1/15/2024 320,000.00 A+7/24/2019 7/26/2019 395,206.40 2.42 326,963.20
24422EUX5 JOHN DEERE CAPITAL CORP NO 6/7/2019 2.600%3/7/2024 3,000,000.00 A 5/1/2020 5/5/2020 3,154,993.53 1.22 2,936,670.00
904764AX5 UNILEVER CAPITAL MW&C 5/5/2017 2.600%5/5/2024 1,500,000.00 A+2/4/2020 2/6/2020 1,550,235.00 1.75 1,466,730.00
904764AX5 UNILEVER CAPITAL MW&C 5/5/2017 2.600%5/5/2024 2,000,000.00 A+2/6/2020 2/10/2020 2,063,700.00 1.79 1,955,640.00
037833AS9 APPLE INC MW 5/6/2014 3.450%5/6/2024 250,000.00 AA+1/31/2020 2/4/2020 268,607.50 1.63 247,005.00
037833CU2 APPLE INC MW 5/11/2017 2.850%5/11/2024 650,000.00 AA+2/5/2020 2/7/2020 679,640.00 1.69 638,833.00
882508BB9 TEXAS INSTRUMENTS MW 5/4/2017 2.625%5/15/2024 1,000,000.00 A+7/16/2019 7/19/2019 1,015,040.00 2.28 976,740.00
06406HCV9 BANK OF NEW YORK MELLON CORP MW 5/7/2014 3.400%5/15/2024 600,000.00 A 5/4/2020 5/6/2020 647,702.11 1.36 589,608.00
459200JY8 IBM CORP MW 5/15/2019 3.000%5/15/2024 3,000,000.00 A-7/14/2021 7/16/2021 3,201,589.22 0.60 2,943,570.00
04636NAC7 ASTRAZENECA FINANCE LLC MW 5/28/2021 0.700%5/28/2024 2,500,000.00 A 12/13/2021 12/15/2021 2,476,175.00 1.10 2,387,475.00
68233JBM5 ONCOR ELECTRIC DELIVERY MW 5/23/2019 2.750%6/1/2024 475,000.00 A+12/23/2021 12/28/2021 493,349.25 1.08 463,139.25
440452AG5 HORMEL FOODS CORP MW 6/3/2021 0.650%6/3/2024 3,000,000.00 A-1/19/2022 1/21/2022 2,962,380.00 1.19 2,849,370.00
931142EL3 WALMART INC MW 4/23/2019 2.850%7/8/2024 3,900,000.00 AA 5/10/2022 5/12/2022 3,910,569.00 2.71 3,811,743.00
79466LAG9 SALESFORCE.COM INC MW 7/12/2021 0.625%7/15/2024 450,000.00 A+12/8/2021 12/10/2021 446,113.52 0.96 427,257.00
91324PDR0 UNITED HEALTH MW 7/25/2019 2.375%8/15/2024 3,000,000.00 A+7/9/2021 7/13/2021 3,164,611.52 0.58 2,904,300.00
30231GBC5 EXXON MOBIL CO MW 8/16/2019 2.019%8/16/2024 1,000,000.00 AA-6/28/2021 6/30/2021 1,042,229.78 0.65 965,310.00
023135AZ9 AMAZON.COM INC MW 2/22/2018 2.800%8/22/2024 226,000.00 AA 1/14/2020 1/16/2020 234,784.62 1.88 220,885.62
12189LAT8 BURLINGTON NORTH SANTA FE MW 8/18/2014 3.400%9/1/2024 1,000,000.00 AA-1/14/2020 1/16/2020 1,063,990.00 1.87 981,340.00
12189LAT8 BURLINGTON NORTH SANTA FE MW 8/18/2014 3.400%9/1/2024 3,000,000.00 AA-12/3/2021 12/7/2021 3,178,248.00 0.97 2,944,020.00
191216CL2 COCA-COLA CO MW 9/6/2019 1.750%9/6/2024 3,200,000.00 A+12/17/2021 12/21/2021 3,268,288.00 0.95 3,107,424.00
70450YAC7 PAYPAL HOLDING MW 9/26/2019 2.400%10/1/2024 950,000.00 A-6/28/2021 6/30/2021 1,002,643.56 0.67 919,058.50
06406RAL1 BANK OF NEW YORK MELLON CORP NO 10/24/2019 2.100%10/24/2024 1,000,000.00 A 12/8/2021 12/10/2021 1,026,690.00 1.15 954,290.00
14913Q3B3 CATERPILLAR FINL MW 11/8/2019 2.150%11/8/2024 3,000,000.00 A 12/3/2021 12/7/2021 3,093,739.11 1.06 2,889,240.00
427866BC1 HERSHEY COMPANY MW 10/31/2019 2.050%11/15/2024 677,000.00 A 1/14/2020 1/16/2020 682,504.01 1.87 653,345.62
00724FAC5 ADOBE SYSTEMS INC MW 1/26/2015 3.250%2/1/2025 2,595,000.00 A+5/5/2022 5/9/2022 2,603,405.15 3.11 2,541,854.40
69371RQ66 PACCAR FINANCIAL NO 2/6/2020 1.800%2/6/2025 1,000,000.00 A+7/29/2021 8/2/2021 1,039,501.74 0.66 949,930.00
89236TGT6 TOYOTA MOTOR CORP MW 2/13/2020 1.800%2/13/2025 1,000,000.00 A+10/15/2021 10/19/2021 1,025,005.34 1.03 950,710.00
88579YBH3 3M COMPANY MW 8/26/2019 2.000%2/14/2025 2,500,000.00 A+1/19/2022 1/21/2022 2,540,850.00 1.44 2,380,050.00
384802AE4 WW GRAINGER INC MW 2/26/2020 1.850%2/15/2025 580,000.00 A+7/23/2021 7/27/2021 602,805.02 0.70 550,953.60
24422EUE7 JOHN DEERE CAPITAL CORP NO 3/13/2018 3.450%3/13/2025 1,250,000.00 A 11/19/2021 11/23/2021 1,345,784.48 1.08 1,228,837.50
458140BP4 INTEL CORP MW 3/25/2020 3.400%3/25/2025 2,001,000.00 A 11/22/2022 11/25/2022 1,951,375.20 4.53 1,964,701.86
023135CE4 AMAZON.COM INC MW 4/13/2022 3.000%4/13/2025 3,000,000.00 AA 5/9/2022 5/11/2022 3,000,780.00 2.99 2,922,510.00
87612EBL9 TARGET CORP MW 3/31/2020 2.250%4/15/2025 3,000,000.00 A 1/27/2022 1/31/2022 3,046,902.17 1.75 2,880,600.00
037833DT4 APPLE INC MW 5/11/2020 1.125%5/11/2025 1,131,000.00 AA+11/19/2021 11/23/2021 1,131,188.51 1.12 1,060,889.31
438516CB0 HONEYWELL INTERNATIONAL MW 5/18/2020 1.350%6/1/2025 3,000,000.00 A 11/19/2021 11/23/2021 3,020,786.76 1.14 2,813,130.00
023135BQ8 AMAZON.COM INC MW 6/3/2020 0.800%6/3/2025 1,678,000.00 AA 12/14/2021 12/16/2021 1,655,794.57 1.19 1,560,405.76
46625HMN7 JP MORGAN CHASE YES 7/21/2015 3.900%7/15/2025 2,000,000.00 A-1/21/2022 1/25/2022 2,137,260.00 1.85 1,966,500.00
69371RR99 PACCAR FINANCIAL NO 8/11/2022 3.550%8/11/2025 2,300,000.00 A+12/13/2022 12/15/2022 2,253,206.04 4.37 2,245,375.00
857477AT0 STATE STREET CORP NO 8/18/2015 3.550%8/18/2025 1,600,000.00 A 3/25/2022 3/29/2022 1,623,320.62 3.09 1,541,360.00
231021AU0 CUMMINS INC MW 8/24/2020 0.750%9/1/2025 743,000.00 A+12/8/2021 12/10/2021 728,678.81 1.28 678,351.57
231021AU0 CUMMINS INC MW 8/24/2020 0.750%9/1/2025 2,257,000.00 A+12/16/2021 12/20/2021 2,222,307.35 1.18 2,060,618.43
Page 4 of 17 Page 70 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Market Values as of:3/31/2023
Current Investments
CUSIP Issuer Callable DatedDate Coupon Maturity Par
S&P
Mdys TradeDate
Settlement
Date Book Value YTM
BNY Market
Value 1
437076BK7 HOME DEPOT INC MW 9/15/2015 3.350%9/15/2025 3,200,000.00 A 7/29/2022 8/2/2022 3,224,486.40 3.09 3,129,824.00
89236THP3 TOYOTA MOTOR CORP MW 10/16/2020 0.800%10/16/2025 3,000,000.00 A+12/8/2021 12/10/2021 2,931,090.00 1.42 2,733,630.00
92826CAD4 VISA INC MW 12/14/2015 3.150%12/14/2025 2,500,000.00 AA-3/24/2022 3/28/2022 2,535,958.53 2.74 2,426,425.00
713448DF2 PEPSICO INC MW 2/24/2016 2.850%2/24/2026 1,872,000.00 A+10/4/2022 10/6/2022 1,785,214.08 4.34 1,810,224.00
17275RBC5 CISCO SYSTEMS MW 2/29/2016 2.950%2/28/2026 3,500,000.00 AA-11/22/2022 11/25/2022 3,353,490.00 4.34 3,383,065.00
87612EBE5 TARGET CORP MW 4/11/2016 2.500%4/15/2026 1,850,000.00 A 10/3/2022 10/5/2022 1,736,749.15 4.39 1,774,520.00
87612EBE5 TARGET CORP MW 4/11/2016 2.500%4/15/2026 1,901,000.00 A 12/13/2022 12/15/2022 1,802,920.14 4.17 1,823,439.20
69371RR32 PACCAR FINANCIAL NO 5/10/2021 1.100%5/11/2026 3,000,000.00 A+10/3/2022 10/5/2022 2,673,850.54 4.40 2,709,540.00
458140AU4 INTEL CORP MW 5/19/2016 2.600%5/19/2026 2,374,000.00 A 12/23/2021 12/28/2021 2,494,124.40 1.34 2,253,353.32
931142EM1 WALMART INC MW 4/23/2019 3.050%7/8/2026 1,900,000.00 AA 9/23/2022 9/27/2022 1,829,939.40 4.11 1,838,934.00
17275RBL5 CISCO SYSTEMS MW 9/20/2016 2.500%9/20/2026 1,150,000.00 AA-10/4/2022 10/6/2022 1,084,622.50 4.07 1,084,611.00
438516BL9 HONEYWELL INTERNATIONAL MW 10/31/2016 2.500%11/1/2026 1,185,000.00 A 8/1/2022 8/3/2022 1,160,092.98 3.03 1,121,697.30
654106AF0 NIKE INC MW 10/21/2016 2.375%11/1/2026 1,035,000.00 AA-8/2/2022 8/4/2022 1,003,598.10 3.14 971,212.95
452308AX7 ILLINOIS TOOL WORKS INC MW 11/7/2016 2.650%11/15/2026 1,421,000.00 A+10/14/2022 10/18/2022 1,305,557.96 4.87 1,347,392.20
002824BF6 ABBOTT LABORATORIES MW 11/22/2016 3.750%11/30/2026 1,000,000.00 AA-10/17/2022 10/19/2022 964,363.96 4.71 991,900.00
06048WS84 BANK OF AMERICA CORP YES 3/2/2022 2.750%3/2/2027 4,000,000.00 A-2/28/2022 3/2/2022 4,000,000.00 2.75 3,659,960.00
808513BY0 CHARLES SCHWAB CORP MW 3/3/2022 2.450%3/3/2027 2,205,000.00 A 8/1/2022 8/3/2022 2,121,115.19 3.35 1,973,541.15
713448ER5 PEPSICO INC MW 3/19/2020 2.625%3/19/2027 1,935,000.00 A+8/2/2022 8/4/2022 1,892,043.00 3.14 1,827,530.10
22160KAM7 COSTCO WHOLESALE CORP MW 5/18/2017 3.000%5/18/2027 3,200,000.00 A+11/21/2022 11/23/2022 3,030,376.96 4.31 3,076,960.00
58933YBC8 MERCK & CO INC MW 12/10/2021 1.700%6/10/2027 3,200,000.00 A+8/2/2022 8/4/2022 2,988,096.00 3.18 2,905,152.00
CORPORATE NOTE SUBTOTAL 149,533,000.00 150,459,646.65 144,175,663.77
3137EAEN5 FREDDIE MAC (FHLMC)NO 6/11/2018 2.750%6/19/2023 2,000,000.00 AA+1/21/2022 1/24/2022 2,054,995.37 0.78 1,991,100.00
3133ENEY2 FED FARM CREDIT (FFCB)NO 11/24/2021 0.450%7/24/2023 3,000,000.00 AA+1/21/2022 1/24/2022 2,982,204.90 0.85 2,958,210.00
3133EKZK5 FED FARM CREDIT (FFCB)NO 8/14/2019 1.600%8/14/2023 2,719,000.00 AA+8/21/2019 8/22/2019 2,728,063.74 1.51 2,687,160.51
3133ENAL4 FED FARM CREDIT (FFCB)NO 10/12/2021 0.290%10/12/2023 3,500,000.00 AA+1/24/2022 1/25/2022 3,463,997.50 0.90 3,416,350.00
3137EAEY1 FREDDIE MAC (FHLMC)NO 10/16/2020 0.125%10/16/2023 3,000,000.00 AA+1/5/2022 1/6/2022 2,969,049.00 0.71 2,926,080.00
3130ASNW5 FED HOME LN BANK (FHLB)YES 7/27/2022 3.400%10/27/2023 3,750,000.00 AA+7/12/2022 7/27/2022 3,750,000.00 3.40 3,714,000.00
3130APU29 FED HOME LN BANK (FHLB)NO 11/12/2021 0.500%11/9/2023 3,500,000.00 AA+1/5/2022 1/6/2022 3,484,022.50 0.75 3,409,770.00
3130APWH4 FED HOME LN BANK (FHLB)YES 11/24/2021 0.750%11/22/2023 3,500,000.00 AA+1/3/2022 1/4/2022 3,497,186.00 0.79 3,405,535.00
3133ENEX4 FED FARM CREDIT (FFCB)NO 11/24/2021 0.550%11/24/2023 3,000,000.00 AA+1/5/2022 1/6/2022 2,987,194.59 0.78 2,921,610.00
3133ENHR4 FED FARM CREDIT (FFCB)NO 12/20/2021 0.680%12/20/2023 3,000,000.00 AA+1/24/2022 1/25/2022 2,983,080.00 0.98 2,914,830.00
3130ASP29 FED HOME LN BANK (FHLB)YES 7/29/2022 3.250%1/26/2024 4,000,000.00 AA+7/12/2022 7/29/2022 4,000,000.00 3.25 3,945,360.00
3130AQLR2 FED HOME LN BANK (FHLB)YES 2/7/2022 1.000%2/7/2024 2,500,000.00 AA+1/21/2022 2/7/2022 2,497,500.00 1.05 2,419,275.00
3130ASUZ0 FED HOME LN BANK (FHLB)YES 8/23/2022 3.230%2/23/2024 2,500,000.00 AA+8/10/2022 8/23/2022 2,497,500.00 3.30 2,464,775.00
3130AS3H0 FED HOME LN BANK (FHLB)YES 5/26/2022 2.625%2/26/2024 1,600,000.00 AA+5/10/2022 5/26/2022 1,600,000.00 2.63 1,568,304.00
3133ENQX1 FED FARM CREDIT (FFCB)YES 3/8/2022 1.670%3/8/2024 2,500,000.00 AA+3/3/2022 3/8/2022 2,500,000.00 1.67 2,427,250.00
3130AQD34 FED HOME LN BANK (FHLB)YES 12/28/2021 0.820%3/28/2024 3,500,000.00 AA+12/14/2021 12/28/2021 3,500,000.00 0.82 3,367,140.00
3130ARJJ1 FED HOME LN BANK (FHLB)YES 4/25/2022 2.500%4/25/2024 2,720,000.00 AA+3/25/2022 4/25/2022 2,720,000.00 2.50 2,654,937.60
3134GWJ64 FREDDIE MAC (FHLMC)YES 9/10/2020 0.400%6/10/2024 1,950,000.00 Aaa 12/16/2021 12/17/2021 1,929,720.00 0.82 1,851,993.00
3135GA5Y3 FANNIE MAE (FNMA)YES 12/14/2020 0.375%6/14/2024 2,140,000.00 AA+12/14/2021 12/15/2021 2,115,197.85 0.85 2,031,630.40
3130AQAH6 FED HOME LN BANK (FHLB)YES 12/28/2021 1.000%6/28/2024 4,000,000.00 AA+12/3/2021 12/28/2021 4,000,000.00 1.00 3,821,240.00
3133ELQ56 FED FARM CREDIT (FFCB)YES 7/2/2020 0.570%7/2/2024 3,000,000.00 AA+12/16/2021 12/17/2021 2,981,100.00 0.82 2,848,860.00
3130AP7D1 FED HOME LN BANK (FHLB)YES 10/19/2021 0.450%7/19/2024 2,090,000.00 AA+12/16/2021 12/17/2021 2,067,741.50 0.87 1,980,107.80
3130AQL68 FED HOME LN BANK (FHLB)YES 1/26/2022 1.080%7/26/2024 3,200,000.00 AA+1/6/2022 1/26/2022 3,200,000.00 1.08 3,041,120.00
3130APQX6 FED HOME LN BANK (FHLB)YES 11/23/2021 0.940%8/23/2024 2,300,000.00 AA+10/28/2021 11/23/2021 2,300,000.00 0.94 2,187,438.00
3130AS3U1 FED HOME LN BANK (FHLB)YES 5/26/2022 3.000%8/26/2024 3,000,000.00 AA+5/11/2022 5/26/2022 3,000,000.00 3.00 2,932,830.00
3130APYH2 FED HOME LN BANK (FHLB)YES 12/16/2021 1.000%9/16/2024 4,000,000.00 AA+11/17/2021 12/16/2021 4,000,000.00 1.00 3,800,800.00
3130AQ4Q3 FED HOME LN BANK (FHLB)YES 12/23/2021 1.000%9/23/2024 3,000,000.00 AA+12/1/2021 12/23/2021 3,000,000.00 1.00 2,849,070.00
31422BMD9 FARMER MAC (FAMCA)NO 9/26/2019 1.740%9/26/2024 4,000,000.00 NR 10/28/2019 10/31/2019 3,997,528.13 1.75 3,844,360.00
Page 5 of 17 Page 71 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Market Values as of:3/31/2023
Current Investments
CUSIP Issuer Callable DatedDate Coupon Maturity Par
S&P
Mdys TradeDate
Settlement
Date Book Value YTM
BNY Market
Value 1
3130AQD59 FED HOME LN BANK (FHLB)YES 12/30/2021 1.000%9/30/2024 3,200,000.00 AA+12/23/2021 12/30/2021 3,200,000.00 1.00 3,037,568.00
3133EGYR0 FED FARM CREDIT (FFCB)NO 10/17/2016 1.820%10/17/2024 1,000,000.00 AA+2/5/2020 2/6/2020 1,013,630.00 1.52 962,630.00
3130AQHL0 FED HOME LN BANK (FHLB)YES 1/25/2022 1.050%10/25/2024 3,500,000.00 AA+1/20/2022 1/25/2022 3,481,819.66 1.24 3,312,505.00
3133EK4Y9 FED FARM CREDIT (FFCB)NO 11/1/2019 1.650%11/1/2024 3,000,000.00 AA+2/6/2020 2/7/2020 3,017,700.00 1.52 2,877,870.00
3130APQM0 FED HOME LN BANK (FHLB)YES 11/18/2021 1.000%11/18/2024 2,300,000.00 AA+10/28/2021 11/18/2021 2,300,000.00 1.00 2,177,203.00
3130AQ3B7 FED HOME LN BANK (FHLB)YES 11/30/2021 1.000%11/25/2024 1,000,000.00 AA+12/14/2021 12/15/2021 1,000,368.28 0.99 946,140.00
3133EN4N7 FED FARM CREDIT (FFCB)NO 12/20/2022 4.250%12/20/2024 1,200,000.00 AA+12/28/2022 12/29/2022 1,194,984.00 4.47 1,195,680.00
3133ENKS8 FED FARM CREDIT (FFCB)NO 1/11/2022 1.125%1/6/2025 1,500,000.00 AA+1/10/2022 1/11/2022 1,496,925.00 1.20 1,414,890.00
3130A4CH3 FED HOME LN BANK (FHLB)NO 2/17/2015 2.375%3/14/2025 3,000,000.00 AA+12/17/2021 12/20/2021 3,137,340.00 0.93 2,890,560.00
3130ARA35 FED HOME LN BANK (FHLB)YES 3/24/2022 2.000%3/24/2025 3,000,000.00 AA+3/2/2022 3/24/2022 3,000,000.00 2.00 2,868,870.00
3130ANX96 FED HOME LN BANK (FHLB)YES 9/28/2021 0.600%3/28/2025 3,500,000.00 AA+12/15/2021 12/16/2021 3,447,500.00 1.07 3,256,225.00
3130ARJP7 FED HOME LN BANK (FHLB)YES 4/21/2022 2.670%4/21/2025 2,500,000.00 AA+3/25/2022 4/21/2022 2,500,000.00 2.67 2,417,400.00
3130APKK0 FED HOME LN BANK (FHLB)YES 10/28/2021 0.850%4/28/2025 1,730,000.00 AA+10/15/2021 10/28/2021 1,730,000.00 0.85 1,614,090.00
3130APXP5 FED HOME LN BANK (FHLB)YES 11/23/2021 1.150%5/23/2025 3,000,000.00 AA+11/17/2021 11/23/2021 3,000,000.00 1.15 2,812,200.00
3130ASG86 FED HOME LN BANK (FHLB)NO 6/15/2022 3.375%6/13/2025 2,500,000.00 AA+8/1/2022 8/2/2022 2,536,625.00 2.84 2,450,025.00
3135G04Z3 FANNIE MAE (FNMA)NO 6/19/2020 0.500%6/17/2025 4,000,000.00 AA+12/27/2021 12/28/2021 3,921,600.00 1.08 3,694,320.00
3133ENHW3 FED FARM CREDIT (FFCB)YES 12/23/2021 1.170%6/23/2025 3,000,000.00 AA+12/14/2021 12/23/2021 3,000,000.00 1.17 2,797,170.00
3130APK38 FED HOME LN BANK (FHLB)YES 10/27/2021 0.875%6/27/2025 3,500,000.00 AA+1/6/2022 1/7/2022 3,459,774.50 1.21 3,256,400.00
3130AQ5S8 FED HOME LN BANK (FHLB)YES 12/30/2021 1.250%6/30/2025 3,500,000.00 AA+12/1/2021 12/30/2021 3,500,000.00 1.25 3,267,040.00
3130AQGV9 FED HOME LN BANK (FHLB)YES 1/18/2022 1.200%7/18/2025 3,500,000.00 AA+12/29/2021 1/18/2022 3,500,000.00 1.20 3,275,930.00
3130AQHV8 FED HOME LN BANK (FHLB)YES 1/25/2022 1.250%7/25/2025 3,000,000.00 AA+1/6/2022 1/25/2022 3,000,000.00 1.25 2,795,280.00
3135G05X7 FANNIE MAE (FNMA)NO 8/27/2020 0.375%8/25/2025 4,000,000.00 AA+11/17/2021 11/18/2021 3,899,720.00 1.06 3,659,840.00
3130AP3F0 FED HOME LN BANK (FHLB)YES 9/29/2021 0.700%8/29/2025 4,000,000.00 AA+1/6/2022 1/7/2022 3,911,796.91 1.32 3,689,480.00
3130A8ZQ9 FED HOME LN BANK (FHLB)NO 8/9/2016 1.750%9/12/2025 4,000,000.00 AA+11/30/2021 12/1/2021 4,104,240.00 1.05 3,783,920.00
3134GWUG9 FREDDIE MAC (FHLMC)YES 9/24/2020 0.570%9/24/2025 4,000,000.00 Aaa 12/27/2021 12/28/2021 3,910,000.00 1.19 3,655,320.00
3130ARGJ4 FED HOME LN BANK (FHLB)YES 4/14/2022 2.500%10/14/2025 3,500,000.00 AA+3/22/2022 4/14/2022 3,500,000.00 2.50 3,366,440.00
3133ENUZ1 FED FARM CREDIT (FFCB)YES 4/20/2022 3.090%10/20/2025 3,200,000.00 AA+5/5/2022 5/6/2022 3,183,877.34 3.25 3,105,248.00
3130ARLT6 FED HOME LN BANK (FHLB)YES 4/29/2022 3.100%10/29/2025 3,500,000.00 AA+3/30/2022 4/29/2022 3,500,000.00 3.10 3,396,400.00
3135G06G3 FANNIE MAE (FNMA)NO 11/12/2020 0.500%11/7/2025 3,500,000.00 AA+12/8/2021 12/9/2021 3,408,615.00 1.19 3,200,015.00
3133ENEG1 FED FARM CREDIT (FFCB)NO 11/17/2021 1.050%11/17/2025 2,030,000.00 AA+11/17/2021 11/18/2021 2,028,802.30 1.07 1,879,374.00
3133ENMM9 FED FARM CREDIT (FFCB)NO 1/27/2022 1.440%1/27/2026 3,500,000.00 AA+2/1/2022 2/2/2022 3,485,300.00 1.55 3,262,980.00
3133ENRG7 FED FARM CREDIT (FFCB)YES 3/10/2022 2.220%3/10/2026 3,500,000.00 AA+3/8/2022 3/10/2022 3,498,250.00 2.23 3,307,990.00
3133ENV72 FED FARM CREDIT (FFCB)NO 10/27/2022 4.500%7/27/2026 3,000,000.00 AA+10/24/2022 10/27/2022 2,998,950.00 4.51 3,044,640.00
3133ENH45 FED FARM CREDIT (FFCB)NO 8/24/2022 3.125%8/24/2026 1,666,000.00 AA+9/9/2022 9/12/2022 1,637,861.26 3.59 1,622,267.50
3130ASUB3 FED HOME LN BANK (FHLB)YES 8/25/2022 4.000%8/25/2026 3,500,000.00 AA+7/29/2022 8/25/2022 3,500,000.00 4.00 3,425,310.00
3133EJD55 FED FARM CREDIT (FFCB)NO 9/28/2018 3.300%9/28/2026 1,000,000.00 AA+9/28/2022 9/29/2022 968,590.00 4.16 978,110.00
3130ARHY0 FED HOME LN BANK (FHLB)YES 4/21/2022 3.000%10/21/2026 3,750,000.00 AA+3/24/2022 4/21/2022 3,750,000.00 3.00 3,587,250.00
3130APRK3 FED HOME LN BANK (FHLB)YES 11/23/2021 1.430%11/23/2026 2,600,000.00 AA+2/28/2022 3/1/2022 2,541,500.00 1.93 2,362,230.00
3130ATVE4 FED HOME LN BANK (FHLB)NO 11/7/2022 4.500%12/11/2026 1,650,000.00 AA+11/29/2022 12/1/2022 1,675,007.40 4.09 1,670,064.00
3133ENL99 FED FARM CREDIT (FFCB)NO 9/15/2022 3.375%9/15/2027 3,500,000.00 AA+9/8/2022 9/15/2022 3,487,890.00 3.45 3,422,090.00
3133ENW63 FED FARM CREDIT (FFCB)NO 10/27/2022 4.375%10/27/2027 3,500,000.00 AA+10/24/2022 10/27/2022 3,498,460.00 4.38 3,565,660.00
FEDERAL AGENCY BOND/NOTE SUBTOTAL 202,295,000.00 201,733,207.73 193,685,760.81
91282CDD0 U.S. TREASURY NOTE NO 11/1/2021 0.375%10/31/2023 3,500,000.00 Aaa 1/5/2022 1/6/2022 3,477,819.06 0.73 3,412,920.00
912828WE6 U.S. TREASURY NOTE NO 11/15/2013 2.750%11/15/2023 3,000,000.00 Aaa 1/21/2022 1/24/2022 3,097,970.79 0.92 2,962,500.00
91282CDM0 U.S. TREASURY NOTE NO 11/30/2021 0.500%11/30/2023 3,000,000.00 Aaa 1/21/2022 1/24/2022 2,975,386.56 0.95 2,917,260.00
91282CFX4 U.S. TREASURY NOTE NO 11/30/2022 4.500%11/30/2024 3,000,000.00 Aaa 11/23/2022 11/30/2022 3,001,406.25 4.48 3,010,680.00
912810EV6 U.S. TREASURY NOTE NO 8/15/1995 6.875%8/15/2025 3,000,000.00 Aaa 11/28/2022 11/30/2022 3,201,679.69 4.22 3,201,810.00
912810EX2 U.S. TREASURY NOTE NO 8/15/1996 6.750%8/15/2026 3,500,000.00 Aaa 11/22/2022 11/23/2022 3,821,152.34 4.07 3,820,880.00
U.S. TREASURY NOTE SUBTOTAL 19,000,000.00 19,575,414.69 19,326,050.00
Page 6 of 17 Page 72 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Market Values as of:3/31/2023
Current Investments
CUSIP Issuer Callable DatedDate Coupon Maturity Par
S&P
Mdys TradeDate
Settlement
Date Book Value YTM
BNY Market
Value 1
072024WN8 BAY AREA CA TOLL AUTH MW 9/26/2019 2.184%4/1/2023 2,500,000.00 AA 9/23/2019 9/30/2019 2,509,850.00 2.07 2,500,000.00
735000TK7 PORT OF OAKLAND MW 12/3/2020 0.821%5/1/2023 1,050,000.00 A+3/29/2022 3/31/2022 1,035,678.00 2.10 1,046,818.50
91412G2U8 UNIV OF CALIFORNIA MW 9/28/2017 2.519%5/15/2023 2,000,000.00 AA-10/30/2019 11/1/2019 2,043,540.00 1.88 1,994,120.00
13032UVA3 CALIFORNIA HEALTH FACILITY FIN AUTH MW 11/25/2019 1.970%6/1/2023 1,000,000.00 AA-11/20/2019 11/25/2019 1,000,000.00 1.97 995,240.00
68304FAC0 CITY OF ONTARIO CA NO 5/21/2020 2.216%6/1/2023 200,000.00 AA 5/15/2020 5/21/2020 203,506.00 1.62 199,092.00
84247PHY0 SOUTHERN CA PUBLIC POWER AUTH MW 3/26/2014 3.458%7/1/2023 3,960,000.00 AA-12/12/2018 12/14/2018 4,028,389.20 3.05 3,947,724.00
365298Y44 GARDEN GROVE UNIFIED SD NO 10/16/2019 1.926%8/1/2023 245,000.00 AA-9/25/2019 10/16/2019 245,000.00 1.93 242,630.85
738850SW7 POWAY UNIFIED SCHOOL DIST NO 10/16/2019 1.992%8/1/2023 1,000,000.00 AA-9/27/2019 10/16/2019 1,000,000.00 1.99 991,170.00
189849MF6 COACHELLA VALLEY USD NO 10/17/2019 1.899%8/1/2023 555,000.00 AA 10/4/2019 10/17/2019 555,000.00 1.90 549,172.50
799306QJ7 SAN RAFAEL ELEM SCH DIST NO 11/13/2019 1.865%8/1/2023 980,000.00 AA 11/1/2019 11/13/2019 980,000.00 1.87 970,856.60
9523472D3 WEST CONTRA COSTA USD NO 5/12/2020 1.569%8/1/2023 500,000.00 AA-5/5/2020 5/12/2020 500,000.00 1.57 494,705.00
73208PBD2 POMONA PENSION OBLG NO 8/20/2020 4.000%8/1/2023 500,000.00 AA-10/15/2020 10/19/2020 541,065.00 1.00 498,080.00
13063DDG0 STATE OF CALIFORNIA NO 10/26/2017 2.250%10/1/2023 2,500,000.00 AA-11/30/2018 12/5/2018 2,401,525.00 3.14 2,466,375.00
13063DDG0 STATE OF CALIFORNIA NO 10/26/2017 2.250%10/1/2023 4,000,000.00 AA-10/29/2018 10/31/2018 3,848,480.00 3.09 3,946,200.00
13077DKB7 CALIFORNIA STATE UNIVERSITY MW 2/27/2020 1.557%11/1/2023 400,000.00 AA-2/6/2020 2/27/2020 400,000.00 1.56 392,296.00
057507KL8 BAKERSFIELD SCHOOL DISTRICT NO 3/29/2017 5.500%11/1/2023 335,000.00 A+5/4/2020 5/6/2020 385,524.70 1.08 340,480.60
13063DLZ9 STATE OF CALIFORNIA NO 4/4/2019 3.000%4/1/2024 3,000,000.00 AA-7/26/2019 7/30/2019 3,125,010.00 2.06 2,947,800.00
769036BL7 CITY OF RIVERSIDE PENSN OBLG MW 6/11/2020 2.107%6/1/2024 250,000.00 AA 6/5/2020 6/11/2020 250,000.00 2.11 241,890.00
15276PAV1 CENTRAL UNIFIED SCHOOL DISTRICT NO 6/18/2014 5.000%7/1/2024 795,000.00 AA 4/28/2020 4/30/2020 916,786.05 1.22 819,382.65
799306QK4 SAN RAFAEL ELEM SCH DIST NO 11/13/2019 1.965%8/1/2024 1,200,000.00 AA 11/1/2019 11/13/2019 1,200,000.00 1.97 1,157,988.00
802498UH6 SANTA MONICA-MALIBU USD NO 11/6/2019 1.719%8/1/2024 250,000.00 AA+10/8/2019 11/6/2019 250,000.00 1.72 240,630.00
376087FZ0 GILROY UNIFIED SD NO 10/30/2019 1.833%8/1/2024 500,000.00 AA-10/9/2019 10/31/2019 500,000.00 1.83 482,170.00
542411NJ8 LONG BEACH CCD NO 10/23/2019 1.803%8/1/2024 1,315,000.00 AA 10/9/2019 10/23/2019 1,315,000.00 1.80 1,266,266.10
189849MG4 COACHELLA VALLEY USD NO 10/17/2019 1.999%8/1/2024 365,000.00 AA 10/9/2019 10/17/2019 365,492.75 1.97 350,575.20
796720MY3 SAN BERNARDINO CCD NO 12/12/2019 2.044%8/1/2024 700,000.00 AA 11/21/2019 12/12/2019 700,000.00 2.04 677,957.00
796720MG2 SAN BERNARDINO CCD NO 12/12/2019 2.044%8/1/2024 1,000,000.00 AA 11/21/2019 12/12/2019 1,000,000.00 2.04 968,510.00
835569GR9 SONOMA CNTY JR COLLEGE DIST NO 11/12/2019 2.061%8/1/2024 1,000,000.00 AA 10/23/2019 11/12/2019 1,000,000.00 2.06 966,210.00
91882RFU1 VAL VERDE UNIFIED SCH DIST NO 6/19/2020 1.654%8/1/2024 215,000.00 AA 6/10/2020 6/19/2020 215,000.00 1.65 206,711.75
671205Y63 OAK GROVE SCHOOL DISTRICT NO 6/25/2020 1.276%8/1/2024 200,000.00 AA 6/12/2020 6/25/2020 200,000.00 1.28 191,354.00
14575TDY5 CARSON REDEV AGY TAB NO 9/3/2020 1.188%8/1/2024 600,000.00 AA 8/12/2020 9/3/2020 600,000.00 1.19 571,242.00
802309NW0 SANTA MARIA JT UHSD SINK 12/14/2021 1.095%8/1/2024 400,000.00 Aa2 12/9/2021 12/14/2021 400,000.00 1.10 381,148.00
801096AS7 SANTA ANA CMNTY REDEV AGY NO 11/8/2018 3.683%9/1/2024 2,000,000.00 AA 1/13/2020 1/17/2020 2,157,220.00 1.90 1,971,520.00
13077DQC9 CALIFORNIA STATE UNIVERSITY MW 7/29/2021 0.563%11/1/2024 450,000.00 AA-7/9/2021 7/29/2021 450,000.00 0.56 423,751.50
63540QAC1 NATIONAL CITY PENSN OBLIG NO 11/16/2021 1.019%11/1/2024 300,000.00 AA-12/3/2021 12/7/2021 299,646.00 1.06 281,112.00
20772KAG4 STATE OF CONNECTICUT NO 12/21/2017 3.230%1/15/2025 1,700,000.00 AA-7/29/2022 8/2/2022 1,708,347.00 3.02 1,661,852.00
13063CQS2 STATE OF CALIFORNIA NO 3/18/2015 4.000%3/1/2025 750,000.00 AA-4/27/2020 4/29/2020 845,032.50 1.29 771,877.50
797679CC9 SAN FRANCISCO CITY/CNTY PORT COMM NO 2/27/2020 1.894%3/1/2025 255,000.00 A 2/13/2020 2/27/2020 255,000.00 1.89 241,724.70
365471AE1 GARDENA PENSN OBLIG MW 11/24/2020 1.702%4/1/2025 250,000.00 AA-11/20/2020 11/24/2020 257,455.00 1.00 234,830.00
735000TM3 PORT OF OAKLAND MW 12/3/2020 1.181%5/1/2025 1,030,000.00 A+11/30/2021 12/2/2021 1,033,471.10 1.08 958,837.30
13079XBT2 CA STWD CMNTY DEV TRANS NO 10/8/2020 1.061%6/1/2025 1,000,000.00 AA 9/23/2020 10/8/2020 1,000,000.00 1.06 924,150.00
68304FAE6 CITY OF ONTARIO CA POB NO 5/21/2020 2.537%6/1/2025 1,000,000.00 AA 5/20/2020 6/5/2020 1,027,770.00 1.95 952,090.00
91412GU94 UNIV OF CALIFORNIA MW 5/18/2017 3.063%7/1/2025 1,600,000.00 AA 12/16/2021 12/20/2021 1,702,096.00 1.21 1,559,856.00
798170AH9 SAN JOSE SUCCESSOR AGY NO 12/21/2017 3.076%8/1/2025 4,675,000.00 AA 11/18/2021 11/22/2021 5,007,345.75 1.11 4,519,883.50
796711G94 CITY OF SAN BERNARDINO USD NO 9/24/2020 1.114%8/1/2025 2,250,000.00 AA 9/11/2020 9/24/2020 2,250,000.00 1.11 2,087,257.50
197036PL4 COLTON UNIFIED SD NO 10/28/2020 1.052%8/1/2025 2,475,000.00 AA 10/15/2020 10/28/2020 2,475,000.00 1.05 2,289,845.25
144393NA9 CARPINTERIA UNIFIED SCH DIST NO 11/18/2020 1.100%8/1/2025 1,210,000.00 AA-10/28/2020 11/18/2020 1,212,758.80 1.05 1,111,953.70
73208PBF7 POMONA PENSION OBLG NO 8/20/2020 4.000%8/1/2025 1,675,000.00 AA-9/14/2020 9/16/2020 1,878,964.75 1.41 1,639,456.50
798135E88 SAN JOSE GEN OBLIG MW 7/25/2019 2.450%9/1/2025 2,275,000.00 AA+12/16/2021 12/20/2021 2,381,288.00 1.16 2,172,283.75
419792ZL3 STATE OF HAWAII MW 10/29/2020 0.852%10/1/2025 2,290,000.00 AA+3/25/2022 3/29/2022 2,146,417.00 2.74 2,101,510.10
Page 7 of 17 Page 73 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Market Values as of:3/31/2023
Current Investments
CUSIP Issuer Callable DatedDate Coupon Maturity Par
S&P
Mdys TradeDate
Settlement
Date Book Value YTM
BNY Market
Value 1
13077DML3 CALIFORNIA STATE UNIVERSITY MW 9/17/2020 0.885%11/1/2025 775,000.00 AA-12/13/2021 12/15/2021 763,452.50 1.28 711,969.25
13077DQD7 CALIFORNIA STATE UNIVERSITY MW 7/29/2021 0.862%11/1/2025 2,500,000.00 AA-5/5/2022 5/9/2022 2,295,050.00 3.38 2,295,300.00
13063DMA3 STATE OF CALIFORNIA NO 4/4/2019 2.650%4/1/2026 3,200,000.00 AA-5/5/2022 5/9/2022 3,127,936.00 3.27 3,057,600.00
817409N43 SEQUOIA UHSD NO 2/27/2020 1.831%7/1/2026 2,050,000.00 Aa1 10/26/2022 10/28/2022 1,856,131.50 4.66 1,911,010.00
446222US8 HUNTINGTON BEACH UHSD NO 6/10/2021 1.208%8/1/2026 3,510,000.00 AA-8/1/2022 8/3/2022 3,241,765.80 3.26 3,173,882.40
544351MS5 CITY OF LOS ANGELES NO 7/12/2018 3.500%9/1/2026 1,085,000.00 AA 9/23/2022 9/27/2022 1,053,144.40 4.32 1,057,115.50
20772KEX3 STATE OF CONNECTICUT NO 9/13/2018 3.800%9/15/2026 3,000,000.00 AA-9/14/2022 9/16/2022 2,987,880.00 3.91 2,955,720.00
91412HGF4 UNIV OF CALIFORNIA MW 7/16/2020 1.316%5/15/2027 1,340,000.00 AA 8/30/2022 9/1/2022 1,194,878.00 3.85 1,192,586.60
769036BP8 CITY OF RIVERSIDE PENSN OBLG MW 6/11/2020 2.640%6/1/2027 1,500,000.00 AA 11/3/2022 11/7/2022 1,341,120.00 5.28 1,384,665.00
817409N50 SEQUOIA UHSD NO 2/27/2020 1.951%7/1/2027 2,150,000.00 Aa1 8/30/2022 9/1/2022 1,969,658.00 3.87 1,963,896.00
786318LF0 SADDLEBACK USD NO 12/5/2019 2.400%8/1/2027 1,805,000.00 Aa1 8/10/2022 8/12/2022 1,726,681.05 3.36 1,662,856.25
797272QS3 SAN DIEGO CCD NO 10/16/2019 2.407%8/1/2027 1,300,000.00 AAA 8/4/2022 8/8/2022 1,249,326.00 3.26 1,206,036.00
62451FKL3 MOUNTAIN VIEW-WHISMAN SD NO 5/19/2020 1.912%9/1/2027 970,000.00 AAA 10/13/2022 10/17/2022 844,928.20 4.92 881,943.40
MUNICIPAL BOND SUBTOTAL 85,885,000.00 85,454,610.05 82,403,167.45
45950VRF5 INTL FINANCE CORP (IFC)NO 6/24/2022 2.650%6/24/2024 1,900,000.00 AAA 7/25/2022 7/27/2022 1,883,406.28 3.12 1,855,046.00
4581X0DZ8 INTERAMER DEV (IADB)NO 9/23/2021 0.500%9/23/2024 3,000,000.00 AAA 12/16/2021 12/20/2021 2,969,402.21 0.88 2,835,030.00
459058DX8 INTL BK RECON & DEVELOP (IBRD)NO 11/25/2014 2.500%11/25/2024 3,000,000.00 AAA 3/24/2022 3/28/2022 3,013,112.61 2.33 2,915,370.00
459058EP4 INTL BK RECON & DEVELOP (IBRD)NO 7/29/2015 2.500%7/29/2025 3,500,000.00 AAA 12/13/2021 12/15/2021 3,675,035.00 1.09 3,381,910.00
4581X0CU0 INTERAMER DEV (IADB)NO 6/2/2016 2.000%6/2/2026 3,000,000.00 AAA 8/3/2022 8/5/2022 2,881,139.04 3.11 2,823,180.00
45950KCX6 INTL FINANCE CORP (IFC)NO 9/8/2021 0.750%10/8/2026 4,000,000.00 AAA 1/20/2022 1/24/2022 3,842,373.68 1.62 3,595,840.00
SUPRANATIONAL SUBTOTAL 18,400,000.00 18,264,468.82 17,406,376.00
NEIGHBORHOOD NATIONAL BANK NO 8/17/2023 4,267,121.43 8/18/2022 4,267,121.43 1.92 4,267,121.43
PLACEMENT SERVICE DEPOSITS 4,267,121.43 4,267,121.43 4,267,121.43
LOCAL AGENCY INVESTMENT FUND 41,924,455.54 41,924,455.54 41,358,908.43
SD COUNTY INVESTMENT POOL 23,501,714.03 23,501,714.03 22,808,413.47
POOLED INVESTMENTS SUBTOTAL 65,426,169.57 65,426,169.57 64,167,321.89
MONEY MARKET FUND (BNY MELLON)19,300,967.26 19,300,967.26 19,300,967.26
ALL INVESTMENTS GRAND TOTAL 586,705,258.26 587,081,911.65 566,517,795.52
1 The Market Value for LAIF and San Diego County Investment Pool are calculated using the Market Value/Fair Value Factor provided by those agencies.
Page 8 of 17 Page 74 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista
Activity for the Quarter Ended March 31, 2023
MATURITY
CUSIP SecurityTypeDesc Issuer DatedDate Coupon Maturity Par Rating TradeDate
Settlement
Date Book Value YTM
Jan-23
21688AAL6 CORPORATE NOTE COOPERATIVE RABOBANK NY 1/10/2018 2.750%1/10/2023 2,500,000.00 A+3/25/2019 3/28/2019 2,485,700.00 2.91
573125AF8 CERTIFICATE OF DEPOSIT MARTHAS VINEYARD SB 1/21/2020 1.650%1/23/2023 249,000.00 NA 1/13/2020 1/21/2020 249,000.00 1.65
91330ABX4 CERTIFICATE OF DEPOSIT UNITY BANK NJ 1/22/2020 1.650%1/23/2023 249,000.00 NA 1/13/2020 1/22/2020 249,000.00 1.65
928066BB4 CERTIFICATE OF DEPOSIT VIRGINIA PARTNERS BANK 1/27/2020 1.650%1/27/2023 249,000.00 NA 1/13/2020 1/27/2020 249,000.00 1.65
Feb-23
59156RBB3 CORPORATE NOTE METLIFE INC 9/10/2013 4.368%9/15/2023 3,549,000.00 A-12/22/2021 12/27/2021 3,761,159.22 0.86
74348HAE8 CERTIFICATE OF DEPOSIT PROMISEONE BANK 2/14/2020 1.500%2/14/2023 249,000.00 NA 2/4/2020 2/14/2020 249,000.00 1.50
3130AJ7E3
FEDERAL AGENCY
BOND/NOTE FED HOME LN BANK (FHLB)2/21/2020 1.375%2/17/2023 3,000,000.00 AA+3/30/2022 3/31/2022 2,994,780.19 1.57
81768PAF3 CERTIFICATE OF DEPOSIT SERVISFIRST BANK 2/21/2020 1.600%2/21/2023 249,000.00 NA 1/31/2020 2/21/2020 249,000.00 1.60
06425KCC1 CERTIFICATE OF DEPOSIT BANK OF PERRY COUNTY 2/21/2020 1.550%2/21/2023 249,000.00 NA 2/4/2020 2/21/2020 249,000.00 1.55
9128284A5 U.S. TREASURY NOTE U.S. TREASURY NOTE 2/28/2018 2.625%2/28/2023 2,500,000.00 Aaa 3/30/2022 3/31/2022 2,523,535.90 1.58
Mar-23
709771AG4 CERTIFICATE OF DEPOSIT PEOPLEFIRST BANK 3/6/2020 1.350%3/6/2023 249,000.00 NA 2/27/2020 3/6/2020 249,000.00 1.35
3130AS4V8
FEDERAL AGENCY
BOND/NOTE FED HOME LN BANK (FHLB)6/9/2022 2.000%3/9/2023 2,400,000.00 NR 5/12/2022 6/9/2022 2,400,000.00 2.00
695292FR8 CERTIFICATE OF DEPOSIT PADUCAH BANK AND TRUST 3/12/2020 1.250%3/13/2023 249,000.00 NA 2/28/2020 3/13/2020 249,000.00 1.25
31944MAR6 CERTIFICATE OF DEPOSIT FIRST CAROLINA BANK 3/24/2020 1.100%3/24/2023 249,000.00 NA 3/2/2020 3/24/2020 249,000.00 1.10
Total 16,190,000.00
BUY
CUSIP SecurityTypeDesc Issuer DatedDate Coupon Maturity Par Rating TradeDate
Settlement
Date Book Value YTM
Jan-23
Feb-23
Mar-23
Total 0.00
Page 9 of 17 Page 75 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Today's Date:3/31/2023
Portfolio Maturity Distribution 0 - 182 Days 183 - 365 Days 366 - 730 Days 731 - 1095 Days 1096 - 1460 Days 1461 - 1825 Days
Description PAR Maturity Days to Maturity Under 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years
ASSET-BACKED SECURITY -$ -$ -$ -$ -$ -$
STATE BANK OF REESEVILLE 249,000.00 4/12/2023 12 249,000.00$ -$ -$ -$ -$ -$
MIDWEST COMMUNITY BANK 249,000.00 4/14/2023 14 249,000.00$ -$ -$ -$ -$ -$
CADENCE BANK 248,000.00 4/17/2023 17 248,000.00$ -$ -$ -$ -$ -$
EAGLEBANK 249,000.00 4/28/2023 28 249,000.00$ -$ -$ -$ -$ -$
STEARNS BANK 247,000.00 5/10/2023 40 247,000.00$ -$ -$ -$ -$ -$
FARMERS & MERCH SVGS BK 249,000.00 8/15/2023 137 249,000.00$ -$ -$ -$ -$ -$
NEBRASKALAND NATIONAL BANK 248,000.00 8/22/2023 144 248,000.00$ -$ -$ -$ -$ -$
FIRSTIER BANK 249,000.00 8/23/2023 145 249,000.00$ -$ -$ -$ -$ -$
AMERICAN COMMERCE BANK 249,000.00 8/23/2023 145 249,000.00$ -$ -$ -$ -$ -$
CELTIC BANK 249,000.00 8/30/2023 152 249,000.00$ -$ -$ -$ -$ -$
FIRST ST BANK BUXTON 249,000.00 9/5/2023 158 249,000.00$ -$ -$ -$ -$ -$
NATIONAL BANK OF NY CITY 249,000.00 9/8/2023 161 249,000.00$ -$ -$ -$ -$ -$
ABACUS FEDERAL SVGS BANK 249,000.00 9/12/2023 165 249,000.00$ -$ -$ -$ -$ -$
FIRST SERVICE BANK 249,000.00 9/29/2023 182 249,000.00$ -$ -$ -$ -$ -$
COMENITY CAPITAL 249,000.00 10/30/2023 213 -$ 249,000.00$ -$ -$ -$ -$
GOLDMAN SACHS 245,000.00 10/31/2023 214 -$ 245,000.00$ -$ -$ -$ -$
UBS BANK USA 249,000.00 11/7/2023 221 -$ 249,000.00$ -$ -$ -$ -$
BARCLAYS BANK 245,000.00 11/7/2023 221 -$ 245,000.00$ -$ -$ -$ -$
MORGAN STANLEY 245,000.00 11/8/2023 222 -$ 245,000.00$ -$ -$ -$ -$
CITIBANK NA 245,000.00 11/9/2023 223 -$ 245,000.00$ -$ -$ -$ -$
WELLS FARGO BANK NA 249,000.00 11/9/2023 223 -$ 249,000.00$ -$ -$ -$ -$
COMMERCIAL BANK HARROGATE 249,000.00 11/15/2023 229 -$ 249,000.00$ -$ -$ -$ -$
BANK OF NEW ENGLAND 249,000.00 11/20/2023 234 -$ 249,000.00$ -$ -$ -$ -$
BANK OF BARODA 245,000.00 11/30/2023 244 -$ 245,000.00$ -$ -$ -$ -$
MARLIN BUSINESS BANK 249,000.00 12/4/2023 248 -$ 249,000.00$ -$ -$ -$ -$
BAR HARBOR BANK & TRUST 249,000.00 12/29/2023 273 -$ 249,000.00$ -$ -$ -$ -$
NAHEOLA CREDIT UNION 248,000.00 1/10/2024 285 -$ 248,000.00$ -$ -$ -$ -$
MEDALLION BANK UTAH 249,000.00 2/12/2024 318 -$ 249,000.00$ -$ -$ -$ -$
ROLLSTONE BANK & TRUST 247,000.00 2/12/2024 318 -$ 247,000.00$ -$ -$ -$ -$
PCSB BANK 249,000.00 2/21/2024 327 -$ 249,000.00$ -$ -$ -$ -$
BANK HAPOALIM BM NY 246,000.00 3/25/2024 360 -$ 246,000.00$ -$ -$ -$ -$
AXOS BANK 249,000.00 3/26/2024 361 -$ 249,000.00$ -$ -$ -$ -$
NICOLET NATIONAL BANK 249,000.00 3/28/2024 363 -$ 249,000.00$ -$ -$ -$ -$
LAKESIDE BANK 249,000.00 4/12/2024 378 -$ -$ 249,000.00$ -$ -$ -$
JEFFERSON BANK 249,000.00 4/15/2024 381 -$ -$ 249,000.00$ -$ -$ -$
PACIFIC WESTERN BANK 248,000.00 4/16/2024 382 -$ -$ 248,000.00$ -$ -$ -$
THOMASTON SAVINGS BANK 248,000.00 4/23/2024 389 -$ -$ 248,000.00$ -$ -$ -$
NORTHWEST BANK 249,000.00 4/30/2024 396 -$ -$ 249,000.00$ -$ -$ -$
FIRST FREEDOM BANK 249,000.00 4/30/2024 396 -$ -$ 249,000.00$ -$ -$ -$
UNITED REPUBLIC BANK 249,000.00 5/13/2024 409 -$ -$ 249,000.00$ -$ -$ -$
CAPITAL ONE NA 246,000.00 6/19/2024 446 -$ -$ 246,000.00$ -$ -$ -$
CAPITAL ONE BANK 246,000.00 6/19/2024 446 -$ -$ 246,000.00$ -$ -$ -$
LCA BANK CORPORATION 247,000.00 6/28/2024 455 -$ -$ 247,000.00$ -$ -$ -$
REVERE BANK 247,000.00 6/28/2024 455 -$ -$ 247,000.00$ -$ -$ -$
CENTURY NEXT BANK 249,000.00 7/17/2024 474 -$ -$ 249,000.00$ -$ -$ -$
CF BANK 247,000.00 8/19/2024 507 -$ -$ 247,000.00$ -$ -$ -$
FIRST RESOURCE BANK 249,000.00 8/21/2024 509 -$ -$ 249,000.00$ -$ -$ -$
CALDWELL BANK & TRUST 247,000.00 8/23/2024 511 -$ -$ 247,000.00$ -$ -$ -$
WASHINGTON FEDERAL 249,000.00 8/23/2024 511 -$ -$ 249,000.00$ -$ -$ -$
GENOA BANKING COMPANY 249,000.00 8/28/2024 516 -$ -$ 249,000.00$ -$ -$ -$
MERCHANTS STATE BANK 247,000.00 8/30/2024 518 -$ -$ 247,000.00$ -$ -$ -$
PREFERRED BANK 249,000.00 8/30/2024 518 -$ -$ 249,000.00$ -$ -$ -$
PEOPLES BANK ROCK VALLEY 249,000.00 9/10/2024 529 -$ -$ 249,000.00$ -$ -$ -$
ALMA BANK 249,000.00 9/11/2024 530 -$ -$ 249,000.00$ -$ -$ -$
BANK OF OLD MONROE 249,000.00 9/18/2024 537 -$ -$ 249,000.00$ -$ -$ -$
SPRING BANK 249,000.00 9/19/2024 538 -$ -$ 249,000.00$ -$ -$ -$
Page 10 of 17 Page 76 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Today's Date:3/31/2023
Portfolio Maturity Distribution 0 - 182 Days 183 - 365 Days 366 - 730 Days 731 - 1095 Days 1096 - 1460 Days 1461 - 1825 Days
Description PAR Maturity Days to Maturity Under 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years
ENTERPRISE BANK 247,000.00 9/27/2024 546 -$ -$ 247,000.00$ -$ -$ -$
BANKWEST INC 249,000.00 9/27/2024 546 -$ -$ 249,000.00$ -$ -$ -$
UINTA BANK 247,000.00 10/16/2024 565 -$ -$ 247,000.00$ -$ -$ -$
MUTUALBANK 249,000.00 10/22/2024 571 -$ -$ 249,000.00$ -$ -$ -$
FIRST BANK OF NEBRASKA 249,000.00 10/30/2024 579 -$ -$ 249,000.00$ -$ -$ -$
ENTERPRISE BANK & TRUST 249,000.00 11/8/2024 588 -$ -$ 249,000.00$ -$ -$ -$
TRIAD BANK 249,000.00 11/8/2024 588 -$ -$ 249,000.00$ -$ -$ -$
MAINE SAVINGS FCU 245,000.00 11/8/2024 588 -$ -$ 245,000.00$ -$ -$ -$
COMMERCIAL BANK ALMA MI 249,000.00 11/13/2024 593 -$ -$ 249,000.00$ -$ -$ -$
COMMUNITY STATE BANK IL 249,000.00 12/2/2024 612 -$ -$ 249,000.00$ -$ -$ -$
COMMUNITY BANK TEXAS 249,000.00 12/4/2024 614 -$ -$ 249,000.00$ -$ -$ -$
BANK FORWARD 249,000.00 12/18/2024 628 -$ -$ 249,000.00$ -$ -$ -$
FREEDOM FINANCIAL BANK 249,000.00 2/14/2025 686 -$ -$ 249,000.00$ -$ -$ -$
FIRST NATL BANK MICHIGAN 249,000.00 2/14/2025 686 -$ -$ 249,000.00$ -$ -$ -$
AMERICAN STATE BANK IA 249,000.00 2/21/2025 693 -$ -$ 249,000.00$ -$ -$ -$
BELL BANK CORP 249,000.00 2/27/2025 699 -$ -$ 249,000.00$ -$ -$ -$
AMERICAN EAGLE BANK IL 249,000.00 2/28/2025 700 -$ -$ 249,000.00$ -$ -$ -$
HORIZON BANK WAVERLY NE 249,000.00 2/28/2025 700 -$ -$ 249,000.00$ -$ -$ -$
FNB OF ALBANY 249,000.00 2/28/2025 700 -$ -$ 249,000.00$ -$ -$ -$
IOWA STATE BANK 248,000.00 3/5/2025 705 -$ -$ 248,000.00$ -$ -$ -$
ACCESS BANK OMAHA NE 249,000.00 3/13/2025 713 -$ -$ 249,000.00$ -$ -$ -$
MCHENRY SAVINGS BANK 249,000.00 3/13/2025 713 -$ -$ 249,000.00$ -$ -$ -$
FNB BANK INC/ROMNEY 249,000.00 3/18/2025 718 -$ -$ 249,000.00$ -$ -$ -$
HARDIN COUNTY BANK 249,000.00 3/27/2025 727 -$ -$ 249,000.00$ -$ -$ -$
BANK OF ROMNEY 249,000.00 3/27/2025 727 -$ -$ 249,000.00$ -$ -$ -$
SAN FRANCISCO CREDIT 249,000.00 3/27/2025 727 -$ -$ 249,000.00$ -$ -$ -$
CENTRAL BANK 249,000.00 3/27/2025 727 -$ -$ 249,000.00$ -$ -$ -$
KNOXVILLE TVA EMPL CREDIT 249,000.00 3/31/2025 731 -$ -$ -$ 249,000.00$ -$ -$
CENTERSTATE BANK 248,000.00 3/31/2025 731 -$ -$ -$ 248,000.00$ -$ -$
GOLD COAST BANK 249,000.00 4/15/2025 746 -$ -$ -$ 249,000.00$ -$ -$
SYNCHRONY BANK 248,000.00 4/17/2025 748 -$ -$ -$ 248,000.00$ -$ -$
STATE BANK OF INDIA 248,000.00 4/29/2025 760 -$ -$ -$ 248,000.00$ -$ -$
BELMONT BANK & TRUST 249,000.00 4/30/2025 761 -$ -$ -$ 249,000.00$ -$ -$
M1 BANK 248,000.00 5/8/2025 769 -$ -$ -$ 248,000.00$ -$ -$
ALLIANT CREDIT UNION 249,000.00 12/30/2027 1735 -$ -$ -$ -$ -$ 249,000.00$
CERTIFICATE OF DEPOSIT 3,482,000.00$ 4,705,000.00$ 12,423,000.00$ 1,739,000.00$ -$ 249,000.00$
COMMERCIAL PAPER -$ -$ -$ -$ -$ -$
NIKE INC 1,200,000.00 5/1/2023 31 1,200,000.00$ -$ -$ -$ -$ -$
LOEWS CORP 1,500,000.00 5/15/2023 45 1,500,000.00$ -$ -$ -$ -$ -$
SIMON PROPERTY GROUP LP 2,000,000.00 6/1/2023 62 2,000,000.00$ -$ -$ -$ -$ -$
JOHN DEERE CAPITAL CORP 2,000,000.00 6/7/2023 68 2,000,000.00$ -$ -$ -$ -$ -$
CITIGROUP GLOBAL MARKETS 3,500,000.00 7/20/2023 111 3,500,000.00$ -$ -$ -$ -$ -$
BANK OF AMERICA CORP 1,255,000.00 7/24/2023 115 1,255,000.00$ -$ -$ -$ -$ -$
PNC BANK NA 2,525,000.00 7/25/2023 116 2,525,000.00$ -$ -$ -$ -$ -$
BANK OF NEW YORK MELLON CORP 3,000,000.00 8/16/2023 138 3,000,000.00$ -$ -$ -$ -$ -$
TOYOTA MOTOR CORP 2,500,000.00 8/25/2023 147 2,500,000.00$ -$ -$ -$ -$ -$
GILEAD SCIENCES 3,092,000.00 9/1/2023 154 3,092,000.00$ -$ -$ -$ -$ -$
AMERICAN HONDA FINANCE 3,000,000.00 9/8/2023 161 3,000,000.00$ -$ -$ -$ -$ -$
CUMMINS INC 3,500,000.00 10/1/2023 184 -$ 3,500,000.00$ -$ -$ -$ -$
CATERPILLAR FINL 3,700,000.00 12/7/2023 251 -$ 3,700,000.00$ -$ -$ -$ -$
GEORGIA-PACIFIC 320,000.00 1/15/2024 290 -$ 320,000.00$ -$ -$ -$ -$
JOHN DEERE CAPITAL CORP 3,000,000.00 3/7/2024 342 -$ 3,000,000.00$ -$ -$ -$ -$
UNILEVER CAPITAL 1,500,000.00 5/5/2024 401 -$ -$ 1,500,000.00$ -$ -$ -$
UNILEVER CAPITAL 2,000,000.00 5/5/2024 401 -$ -$ 2,000,000.00$ -$ -$ -$
APPLE INC 250,000.00 5/6/2024 402 -$ -$ 250,000.00$ -$ -$ -$
APPLE INC 650,000.00 5/11/2024 407 -$ -$ 650,000.00$ -$ -$ -$
TEXAS INSTRUMENTS 1,000,000.00 5/15/2024 411 -$ -$ 1,000,000.00$ -$ -$ -$
Page 11 of 17 Page 77 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Today's Date:3/31/2023
Portfolio Maturity Distribution 0 - 182 Days 183 - 365 Days 366 - 730 Days 731 - 1095 Days 1096 - 1460 Days 1461 - 1825 Days
Description PAR Maturity Days to Maturity Under 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years
BANK OF NEW YORK MELLON CORP 600,000.00 5/15/2024 411 -$ -$ 600,000.00$ -$ -$ -$
IBM CORP 3,000,000.00 5/15/2024 411 -$ -$ 3,000,000.00$ -$ -$ -$
ASTRAZENECA FINANCE LLC 2,500,000.00 5/28/2024 424 -$ -$ 2,500,000.00$ -$ -$ -$
ONCOR ELECTRIC DELIVERY 475,000.00 6/1/2024 428 -$ -$ 475,000.00$ -$ -$ -$
HORMEL FOODS CORP 3,000,000.00 6/3/2024 430 -$ -$ 3,000,000.00$ -$ -$ -$
WALMART INC 3,900,000.00 7/8/2024 465 -$ -$ 3,900,000.00$ -$ -$ -$
SALESFORCE.COM INC 450,000.00 7/15/2024 472 -$ -$ 450,000.00$ -$ -$ -$
UNITED HEALTH 3,000,000.00 8/15/2024 503 -$ -$ 3,000,000.00$ -$ -$ -$
EXXON MOBIL CO 1,000,000.00 8/16/2024 504 -$ -$ 1,000,000.00$ -$ -$ -$
AMAZON.COM INC 226,000.00 8/22/2024 510 -$ -$ 226,000.00$ -$ -$ -$
BURLINGTON NORTH SANTA FE 1,000,000.00 9/1/2024 520 -$ -$ 1,000,000.00$ -$ -$ -$
BURLINGTON NORTH SANTA FE 3,000,000.00 9/1/2024 520 -$ -$ 3,000,000.00$ -$ -$ -$
COCA-COLA CO 3,200,000.00 9/6/2024 525 -$ -$ 3,200,000.00$ -$ -$ -$
PAYPAL HOLDING 950,000.00 10/1/2024 550 -$ -$ 950,000.00$ -$ -$ -$
BANK OF NEW YORK MELLON CORP 1,000,000.00 10/24/2024 573 -$ -$ 1,000,000.00$ -$ -$ -$
CATERPILLAR FINL 3,000,000.00 11/8/2024 588 -$ -$ 3,000,000.00$ -$ -$ -$
HERSHEY COMPANY 677,000.00 11/15/2024 595 -$ -$ 677,000.00$ -$ -$ -$
ADOBE SYSTEMS INC 2,595,000.00 2/1/2025 673 -$ -$ 2,595,000.00$ -$ -$ -$
PACCAR FINANCIAL 1,000,000.00 2/6/2025 678 -$ -$ 1,000,000.00$ -$ -$ -$
TOYOTA MOTOR CORP 1,000,000.00 2/13/2025 685 -$ -$ 1,000,000.00$ -$ -$ -$
3M COMPANY 2,500,000.00 2/14/2025 686 -$ -$ 2,500,000.00$ -$ -$ -$
WW GRAINGER INC 580,000.00 2/15/2025 687 -$ -$ 580,000.00$ -$ -$ -$
JOHN DEERE CAPITAL CORP 1,250,000.00 3/13/2025 713 -$ -$ 1,250,000.00$ -$ -$ -$
INTEL CORP 2,001,000.00 3/25/2025 725 -$ -$ 2,001,000.00$ -$ -$ -$
AMAZON.COM INC 3,000,000.00 4/13/2025 744 -$ -$ -$ 3,000,000.00$ -$ -$
TARGET CORP 3,000,000.00 4/15/2025 746 -$ -$ -$ 3,000,000.00$ -$ -$
APPLE INC 1,131,000.00 5/11/2025 772 -$ -$ -$ 1,131,000.00$ -$ -$
HONEYWELL INTERNATIONAL 3,000,000.00 6/1/2025 793 -$ -$ -$ 3,000,000.00$ -$ -$
AMAZON.COM INC 1,678,000.00 6/3/2025 795 -$ -$ -$ 1,678,000.00$ -$ -$
JP MORGAN CHASE 2,000,000.00 7/15/2025 837 -$ -$ -$ 2,000,000.00$ -$ -$
PACCAR FINANCIAL 2,300,000.00 8/11/2025 864 -$ -$ -$ 2,300,000.00$ -$ -$
STATE STREET CORP 1,600,000.00 8/18/2025 871 -$ -$ -$ 1,600,000.00$ -$ -$
CUMMINS INC 743,000.00 9/1/2025 885 -$ -$ -$ 743,000.00$ -$ -$
CUMMINS INC 2,257,000.00 9/1/2025 885 -$ -$ -$ 2,257,000.00$ -$ -$
HOME DEPOT INC 3,200,000.00 9/15/2025 899 -$ -$ -$ 3,200,000.00$ -$ -$
TOYOTA MOTOR CORP 3,000,000.00 10/16/2025 930 -$ -$ -$ 3,000,000.00$ -$ -$
VISA INC 2,500,000.00 12/14/2025 989 -$ -$ -$ 2,500,000.00$ -$ -$
PEPSICO INC 1,872,000.00 2/24/2026 1061 -$ -$ -$ 1,872,000.00$ -$ -$
CISCO SYSTEMS 3,500,000.00 2/28/2026 1065 -$ -$ -$ 3,500,000.00$ -$ -$
TARGET CORP 1,850,000.00 4/15/2026 1111 -$ -$ -$ -$ 1,850,000.00$ -$
TARGET CORP 1,901,000.00 4/15/2026 1111 -$ -$ -$ -$ 1,901,000.00$ -$
PACCAR FINANCIAL 3,000,000.00 5/11/2026 1137 -$ -$ -$ -$ 3,000,000.00$ -$
INTEL CORP 2,374,000.00 5/19/2026 1145 -$ -$ -$ -$ 2,374,000.00$ -$
WALMART INC 1,900,000.00 7/8/2026 1195 -$ -$ -$ -$ 1,900,000.00$ -$
CISCO SYSTEMS 1,150,000.00 9/20/2026 1269 -$ -$ -$ -$ 1,150,000.00$ -$
HONEYWELL INTERNATIONAL 1,185,000.00 11/1/2026 1311 -$ -$ -$ -$ 1,185,000.00$ -$
NIKE INC 1,035,000.00 11/1/2026 1311 -$ -$ -$ -$ 1,035,000.00$ -$
ILLINOIS TOOL WORKS INC 1,421,000.00 11/15/2026 1325 -$ -$ -$ -$ 1,421,000.00$ -$
ABBOTT LABORATORIES 1,000,000.00 11/30/2026 1340 -$ -$ -$ -$ 1,000,000.00$ -$
BANK OF AMERICA CORP 4,000,000.00 3/2/2027 1432 -$ -$ -$ -$ 4,000,000.00$ -$
CHARLES SCHWAB CORP 2,205,000.00 3/3/2027 1433 -$ -$ -$ -$ 2,205,000.00$ -$
PEPSICO INC 1,935,000.00 3/19/2027 1449 -$ -$ -$ -$ 1,935,000.00$ -$
COSTCO WHOLESALE CORP 3,200,000.00 5/18/2027 1509 -$ -$ -$ -$ -$ 3,200,000.00$
MERCK & CO INC 3,200,000.00 6/10/2027 1532 -$ -$ -$ -$ -$ 3,200,000.00$
CORPORATE NOTE 25,572,000.00$ 10,520,000.00$ 47,304,000.00$ 34,781,000.00$ 24,956,000.00$ 6,400,000.00$
FREDDIE MAC (FHLMC)2,000,000.00 6/19/2023 80 2,000,000.00$ -$ -$ -$ -$ -$
FED FARM CREDIT (FFCB)3,000,000.00 7/24/2023 115 3,000,000.00$ -$ -$ -$ -$ -$
Page 12 of 17 Page 78 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Today's Date:3/31/2023
Portfolio Maturity Distribution 0 - 182 Days 183 - 365 Days 366 - 730 Days 731 - 1095 Days 1096 - 1460 Days 1461 - 1825 Days
Description PAR Maturity Days to Maturity Under 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years
FED FARM CREDIT (FFCB)2,719,000.00 8/14/2023 136 2,719,000.00$ -$ -$ -$ -$ -$
FED FARM CREDIT (FFCB)3,500,000.00 10/12/2023 195 -$ 3,500,000.00$ -$ -$ -$ -$
FREDDIE MAC (FHLMC)3,000,000.00 10/16/2023 199 -$ 3,000,000.00$ -$ -$ -$ -$
FED HOME LN BANK (FHLB)3,750,000.00 10/27/2023 210 -$ 3,750,000.00$ -$ -$ -$ -$
FED HOME LN BANK (FHLB)3,500,000.00 11/9/2023 223 -$ 3,500,000.00$ -$ -$ -$ -$
FED HOME LN BANK (FHLB)3,500,000.00 11/22/2023 236 -$ 3,500,000.00$ -$ -$ -$ -$
FED FARM CREDIT (FFCB)3,000,000.00 11/24/2023 238 -$ 3,000,000.00$ -$ -$ -$ -$
FED FARM CREDIT (FFCB)3,000,000.00 12/20/2023 264 -$ 3,000,000.00$ -$ -$ -$ -$
FED HOME LN BANK (FHLB)4,000,000.00 1/26/2024 301 -$ 4,000,000.00$ -$ -$ -$ -$
FED HOME LN BANK (FHLB)2,500,000.00 2/7/2024 313 -$ 2,500,000.00$ -$ -$ -$ -$
FED HOME LN BANK (FHLB)2,500,000.00 2/23/2024 329 -$ 2,500,000.00$ -$ -$ -$ -$
FED HOME LN BANK (FHLB)1,600,000.00 2/26/2024 332 -$ 1,600,000.00$ -$ -$ -$ -$
FED FARM CREDIT (FFCB)2,500,000.00 3/8/2024 343 -$ 2,500,000.00$ -$ -$ -$ -$
FED HOME LN BANK (FHLB)3,500,000.00 3/28/2024 363 -$ 3,500,000.00$ -$ -$ -$ -$
FED HOME LN BANK (FHLB)2,720,000.00 4/25/2024 391 -$ -$ 2,720,000.00$ -$ -$ -$
FREDDIE MAC (FHLMC)1,950,000.00 6/10/2024 437 -$ -$ 1,950,000.00$ -$ -$ -$
FANNIE MAE (FNMA)2,140,000.00 6/14/2024 441 -$ -$ 2,140,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)4,000,000.00 6/28/2024 455 -$ -$ 4,000,000.00$ -$ -$ -$
FED FARM CREDIT (FFCB)3,000,000.00 7/2/2024 459 -$ -$ 3,000,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)2,090,000.00 7/19/2024 476 -$ -$ 2,090,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)3,200,000.00 7/26/2024 483 -$ -$ 3,200,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)2,300,000.00 8/23/2024 511 -$ -$ 2,300,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)3,000,000.00 8/26/2024 514 -$ -$ 3,000,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)4,000,000.00 9/16/2024 535 -$ -$ 4,000,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)3,000,000.00 9/23/2024 542 -$ -$ 3,000,000.00$ -$ -$ -$
FARMER MAC (FAMCA)4,000,000.00 9/26/2024 545 -$ -$ 4,000,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)3,200,000.00 9/30/2024 549 -$ -$ 3,200,000.00$ -$ -$ -$
FED FARM CREDIT (FFCB)1,000,000.00 10/17/2024 566 -$ -$ 1,000,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)3,500,000.00 10/25/2024 574 -$ -$ 3,500,000.00$ -$ -$ -$
FED FARM CREDIT (FFCB)3,000,000.00 11/1/2024 581 -$ -$ 3,000,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)2,300,000.00 11/18/2024 598 -$ -$ 2,300,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)1,000,000.00 11/25/2024 605 -$ -$ 1,000,000.00$ -$ -$ -$
FED FARM CREDIT (FFCB)1,200,000.00 12/20/2024 630 -$ -$ 1,200,000.00$ -$ -$ -$
FED FARM CREDIT (FFCB)1,500,000.00 1/6/2025 647 -$ -$ 1,500,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)3,000,000.00 3/14/2025 714 -$ -$ 3,000,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)3,000,000.00 3/24/2025 724 -$ -$ 3,000,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)3,500,000.00 3/28/2025 728 -$ -$ 3,500,000.00$ -$ -$ -$
FED HOME LN BANK (FHLB)2,500,000.00 4/21/2025 752 -$ -$ -$ 2,500,000.00$ -$ -$
FED HOME LN BANK (FHLB)1,730,000.00 4/28/2025 759 -$ -$ -$ 1,730,000.00$ -$ -$
FED HOME LN BANK (FHLB)3,000,000.00 5/23/2025 784 -$ -$ -$ 3,000,000.00$ -$ -$
FED HOME LN BANK (FHLB)2,500,000.00 6/13/2025 805 -$ -$ -$ 2,500,000.00$ -$ -$
FANNIE MAE (FNMA)4,000,000.00 6/17/2025 809 -$ -$ -$ 4,000,000.00$ -$ -$
FED FARM CREDIT (FFCB)3,000,000.00 6/23/2025 815 -$ -$ -$ 3,000,000.00$ -$ -$
FED HOME LN BANK (FHLB)3,500,000.00 6/27/2025 819 -$ -$ -$ 3,500,000.00$ -$ -$
FED HOME LN BANK (FHLB)3,500,000.00 6/30/2025 822 -$ -$ -$ 3,500,000.00$ -$ -$
FED HOME LN BANK (FHLB)3,500,000.00 7/18/2025 840 -$ -$ -$ 3,500,000.00$ -$ -$
FED HOME LN BANK (FHLB)3,000,000.00 7/25/2025 847 -$ -$ -$ 3,000,000.00$ -$ -$
FANNIE MAE (FNMA)4,000,000.00 8/25/2025 878 -$ -$ -$ 4,000,000.00$ -$ -$
FED HOME LN BANK (FHLB)4,000,000.00 8/29/2025 882 -$ -$ -$ 4,000,000.00$ -$ -$
FED HOME LN BANK (FHLB)4,000,000.00 9/12/2025 896 -$ -$ -$ 4,000,000.00$ -$ -$
FREDDIE MAC (FHLMC)4,000,000.00 9/24/2025 908 -$ -$ -$ 4,000,000.00$ -$ -$
FED HOME LN BANK (FHLB)3,500,000.00 10/14/2025 928 -$ -$ -$ 3,500,000.00$ -$ -$
FED FARM CREDIT (FFCB)3,200,000.00 10/20/2025 934 -$ -$ -$ 3,200,000.00$ -$ -$
FED HOME LN BANK (FHLB)3,500,000.00 10/29/2025 943 -$ -$ -$ 3,500,000.00$ -$ -$
FANNIE MAE (FNMA)3,500,000.00 11/7/2025 952 -$ -$ -$ 3,500,000.00$ -$ -$
FED FARM CREDIT (FFCB)2,030,000.00 11/17/2025 962 -$ -$ -$ 2,030,000.00$ -$ -$
FED FARM CREDIT (FFCB)3,500,000.00 1/27/2026 1033 -$ -$ -$ 3,500,000.00$ -$ -$
Page 13 of 17 Page 79 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Today's Date:3/31/2023
Portfolio Maturity Distribution 0 - 182 Days 183 - 365 Days 366 - 730 Days 731 - 1095 Days 1096 - 1460 Days 1461 - 1825 Days
Description PAR Maturity Days to Maturity Under 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years
FED FARM CREDIT (FFCB)3,500,000.00 3/10/2026 1075 -$ -$ -$ 3,500,000.00$ -$ -$
FED FARM CREDIT (FFCB)3,000,000.00 7/27/2026 1214 -$ -$ -$ -$ 3,000,000.00$ -$
FED FARM CREDIT (FFCB)1,666,000.00 8/24/2026 1242 -$ -$ -$ -$ 1,666,000.00$ -$
FED HOME LN BANK (FHLB)3,500,000.00 8/25/2026 1243 -$ -$ -$ -$ 3,500,000.00$ -$
FED FARM CREDIT (FFCB)1,000,000.00 9/28/2026 1277 -$ -$ -$ -$ 1,000,000.00$ -$
FED HOME LN BANK (FHLB)3,750,000.00 10/21/2026 1300 -$ -$ -$ -$ 3,750,000.00$ -$
FED HOME LN BANK (FHLB)2,600,000.00 11/23/2026 1333 -$ -$ -$ -$ 2,600,000.00$ -$
FED HOME LN BANK (FHLB)1,650,000.00 12/11/2026 1351 -$ -$ -$ -$ 1,650,000.00$ -$
FED FARM CREDIT (FFCB)3,500,000.00 9/15/2027 1629 -$ -$ -$ -$ -$ 3,500,000.00$
FED FARM CREDIT (FFCB)3,500,000.00 10/27/2027 1671 -$ -$ -$ -$ -$ 3,500,000.00$
FEDERAL AGENCY BOND/NOTE 7,719,000.00$ 39,850,000.00$ 61,600,000.00$ 68,960,000.00$ 17,166,000.00$ 7,000,000.00$
U.S. TREASURY NOTE 3,500,000.00 10/31/2023 214 -$ 3,500,000.00$ -$ -$ -$ -$
U.S. TREASURY NOTE 3,000,000.00 11/15/2023 229 -$ 3,000,000.00$ -$ -$ -$ -$
U.S. TREASURY NOTE 3,000,000.00 11/30/2023 244 -$ 3,000,000.00$ -$ -$ -$ -$
U.S. TREASURY NOTE 3,000,000.00 11/30/2024 610 -$ -$ 3,000,000.00$ -$ -$ -$
U.S. TREASURY NOTE 3,000,000.00 8/15/2025 868 -$ -$ -$ 3,000,000.00$ -$ -$
U.S. TREASURY NOTE 3,500,000.00 8/15/2026 1233 -$ -$ -$ -$ 3,500,000.00$ -$
U.S. TREASURY NOTE -$ 9,500,000.00$ 3,000,000.00$ 3,000,000.00$ 3,500,000.00$ -$
BAY AREA CA TOLL AUTH 2,500,000.00 4/1/2023 1 2,500,000.00$ -$ -$ -$ -$ -$
PORT OF OAKLAND 1,050,000.00 5/1/2023 31 1,050,000.00$ -$ -$ -$ -$ -$
UNIV OF CALIFORNIA 2,000,000.00 5/15/2023 45 2,000,000.00$ -$ -$ -$ -$ -$
CALIFORNIA HEALTH FACILITY FIN AUTH 1,000,000.00 6/1/2023 62 1,000,000.00$ -$ -$ -$ -$ -$
CITY OF ONTARIO CA 200,000.00 6/1/2023 62 200,000.00$ -$ -$ -$ -$ -$
SOUTHERN CA PUBLIC POWER AUTH 3,960,000.00 7/1/2023 92 3,960,000.00$ -$ -$ -$ -$ -$
GARDEN GROVE UNIFIED SD 245,000.00 8/1/2023 123 245,000.00$ -$ -$ -$ -$ -$
POWAY UNIFIED SCHOOL DIST 1,000,000.00 8/1/2023 123 1,000,000.00$ -$ -$ -$ -$ -$
COACHELLA VALLEY USD 555,000.00 8/1/2023 123 555,000.00$ -$ -$ -$ -$ -$
SAN RAFAEL ELEM SCH DIST 980,000.00 8/1/2023 123 980,000.00$ -$ -$ -$ -$ -$
WEST CONTRA COSTA USD 500,000.00 8/1/2023 123 500,000.00$ -$ -$ -$ -$ -$
POMONA PENSION OBLG 500,000.00 8/1/2023 123 500,000.00$ -$ -$ -$ -$ -$
STATE OF CALIFORNIA 2,500,000.00 10/1/2023 184 -$ 2,500,000.00$ -$ -$ -$ -$
STATE OF CALIFORNIA 4,000,000.00 10/1/2023 184 -$ 4,000,000.00$ -$ -$ -$ -$
CALIFORNIA STATE UNIVERSITY 400,000.00 11/1/2023 215 -$ 400,000.00$ -$ -$ -$ -$
BAKERSFIELD SCHOOL DISTRICT 335,000.00 11/1/2023 215 -$ 335,000.00$ -$ -$ -$ -$
STATE OF CALIFORNIA 3,000,000.00 4/1/2024 367 -$ -$ 3,000,000.00$ -$ -$ -$
CITY OF RIVERSIDE PENSN OBLG 250,000.00 6/1/2024 428 -$ -$ 250,000.00$ -$ -$ -$
CENTRAL UNIFIED SCHOOL DISTRICT 795,000.00 7/1/2024 458 -$ -$ 795,000.00$ -$ -$ -$
SAN RAFAEL ELEM SCH DIST 1,200,000.00 8/1/2024 489 -$ -$ 1,200,000.00$ -$ -$ -$
SANTA MONICA-MALIBU USD 250,000.00 8/1/2024 489 -$ -$ 250,000.00$ -$ -$ -$
GILROY UNIFIED SD 500,000.00 8/1/2024 489 -$ -$ 500,000.00$ -$ -$ -$
LONG BEACH CCD 1,315,000.00 8/1/2024 489 -$ -$ 1,315,000.00$ -$ -$ -$
COACHELLA VALLEY USD 365,000.00 8/1/2024 489 -$ -$ 365,000.00$ -$ -$ -$
SAN BERNARDINO CCD 700,000.00 8/1/2024 489 -$ -$ 700,000.00$ -$ -$ -$
SAN BERNARDINO CCD 1,000,000.00 8/1/2024 489 -$ -$ 1,000,000.00$ -$ -$ -$
SONOMA CNTY JR COLLEGE DIST 1,000,000.00 8/1/2024 489 -$ -$ 1,000,000.00$ -$ -$ -$
VAL VERDE UNIFIED SCH DIST 215,000.00 8/1/2024 489 -$ -$ 215,000.00$ -$ -$ -$
OAK GROVE SCHOOL DISTRICT 200,000.00 8/1/2024 489 -$ -$ 200,000.00$ -$ -$ -$
CARSON REDEV AGY TAB 600,000.00 8/1/2024 489 -$ -$ 600,000.00$ -$ -$ -$
SANTA MARIA JT UHSD 400,000.00 8/1/2024 489 -$ -$ 400,000.00$ -$ -$ -$
SANTA ANA CMNTY REDEV AGY 2,000,000.00 9/1/2024 520 -$ -$ 2,000,000.00$ -$ -$ -$
CALIFORNIA STATE UNIVERSITY 450,000.00 11/1/2024 581 -$ -$ 450,000.00$ -$ -$ -$
NATIONAL CITY PENSN OBLIG 300,000.00 11/1/2024 581 -$ -$ 300,000.00$ -$ -$ -$
STATE OF CONNECTICUT 1,700,000.00 1/15/2025 656 -$ -$ 1,700,000.00$ -$ -$ -$
STATE OF CALIFORNIA 750,000.00 3/1/2025 701 -$ -$ 750,000.00$ -$ -$ -$
SAN FRANCISCO CITY/CNTY PORT COMM 255,000.00 3/1/2025 701 -$ -$ 255,000.00$ -$ -$ -$
GARDENA PENSN OBLIG 250,000.00 4/1/2025 732 -$ -$ -$ 250,000.00$ -$ -$
PORT OF OAKLAND 1,030,000.00 5/1/2025 762 -$ -$ -$ 1,030,000.00$ -$ -$
Page 14 of 17 Page 80 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista Today's Date:3/31/2023
Portfolio Maturity Distribution 0 - 182 Days 183 - 365 Days 366 - 730 Days 731 - 1095 Days 1096 - 1460 Days 1461 - 1825 Days
Description PAR Maturity Days to Maturity Under 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years
CA STWD CMNTY DEV TRANS 1,000,000.00 6/1/2025 793 -$ -$ -$ 1,000,000.00$ -$ -$
CITY OF ONTARIO CA POB 1,000,000.00 6/1/2025 793 -$ -$ -$ 1,000,000.00$ -$ -$
UNIV OF CALIFORNIA 1,600,000.00 7/1/2025 823 -$ -$ -$ 1,600,000.00$ -$ -$
SAN JOSE SUCCESSOR AGY 4,675,000.00 8/1/2025 854 -$ -$ -$ 4,675,000.00$ -$ -$
CITY OF SAN BERNARDINO USD 2,250,000.00 8/1/2025 854 -$ -$ -$ 2,250,000.00$ -$ -$
COLTON UNIFIED SD 2,475,000.00 8/1/2025 854 -$ -$ -$ 2,475,000.00$ -$ -$
CARPINTERIA UNIFIED SCH DIST 1,210,000.00 8/1/2025 854 -$ -$ -$ 1,210,000.00$ -$ -$
POMONA PENSION OBLG 1,675,000.00 8/1/2025 854 -$ -$ -$ 1,675,000.00$ -$ -$
SAN JOSE GEN OBLIG 2,275,000.00 9/1/2025 885 -$ -$ -$ 2,275,000.00$ -$ -$
STATE OF HAWAII 2,290,000.00 10/1/2025 915 -$ -$ -$ 2,290,000.00$ -$ -$
CALIFORNIA STATE UNIVERSITY 775,000.00 11/1/2025 946 -$ -$ -$ 775,000.00$ -$ -$
CALIFORNIA STATE UNIVERSITY 2,500,000.00 11/1/2025 946 -$ -$ -$ 2,500,000.00$ -$ -$
STATE OF CALIFORNIA 3,200,000.00 4/1/2026 1097 -$ -$ -$ -$ 3,200,000.00$ -$
SEQUOIA UHSD 2,050,000.00 7/1/2026 1188 -$ -$ -$ -$ 2,050,000.00$ -$
HUNTINGTON BEACH UHSD 3,510,000.00 8/1/2026 1219 -$ -$ -$ -$ 3,510,000.00$ -$
CITY OF LOS ANGELES 1,085,000.00 9/1/2026 1250 -$ -$ -$ -$ 1,085,000.00$ -$
STATE OF CONNECTICUT 3,000,000.00 9/15/2026 1264 -$ -$ -$ -$ 3,000,000.00$ -$
UNIV OF CALIFORNIA 1,340,000.00 5/15/2027 1506 -$ -$ -$ -$ -$ 1,340,000.00$
CITY OF RIVERSIDE PENSN OBLG 1,500,000.00 6/1/2027 1523 -$ -$ -$ -$ -$ 1,500,000.00$
SEQUOIA UHSD 2,150,000.00 7/1/2027 1553 -$ -$ -$ -$ -$ 2,150,000.00$
SADDLEBACK USD 1,805,000.00 8/1/2027 1584 -$ -$ -$ -$ -$ 1,805,000.00$
SAN DIEGO CCD 1,300,000.00 8/1/2027 1584 -$ -$ -$ -$ -$ 1,300,000.00$
MOUNTAIN VIEW-WHISMAN SD 970,000.00 9/1/2027 1615 -$ -$ -$ -$ -$ 970,000.00$
MUNICIPAL BOND 14,490,000.00$ 7,235,000.00$ 17,245,000.00$ 25,005,000.00$ 12,845,000.00$ 9,065,000.00$
INTL FINANCE CORP (IFC)1,900,000.00 6/24/2024 451 -$ -$ 1,900,000.00$ -$ -$ -$
INTERAMER DEV (IADB)3,000,000.00 9/23/2024 542 -$ -$ 3,000,000.00$ -$ -$ -$
INTL BK RECON & DEVELOP (IBRD)3,000,000.00 11/25/2024 605 -$ -$ 3,000,000.00$ -$ -$ -$
INTL BK RECON & DEVELOP (IBRD)3,500,000.00 7/29/2025 851 -$ -$ -$ 3,500,000.00$ -$ -$
INTERAMER DEV (IADB)3,000,000.00 6/2/2026 1159 -$ -$ -$ -$ 3,000,000.00$ -$
INTL FINANCE CORP (IFC)4,000,000.00 10/8/2026 1287 -$ -$ -$ -$ 4,000,000.00$ -$
SUPRANATIONAL -$ -$ 7,900,000.00$ 3,500,000.00$ 7,000,000.00$ -$
NEIGHBORHOOD NATIONAL BANK 4,267,121.43 8/17/2023 139 4,267,121.43$ -$ -$ -$ -$ -$
PLACEMENT SERVICE DEPOSITS 4,267,121.43$ -$ -$ -$ -$ -$
Total 55,530,121.43$ 71,810,000.00$ 149,472,000.00$ 136,985,000.00$ 65,467,000.00$ 22,714,000.00$
Note: Excludes Pooled Investments and Bank of New York Mellon Money Market Fund Grand Total 501,978,121.43$
Page 15 of 17 Page 81 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista
Corporate Bonds - Sector Distribution
SecurityTypeDesc Maturity CUSIP YTM
BNY Market
Value GICS Sector
NIKE INC 5/1/2023 654106AC7 2.09 1,197,300.00 Consumer Discretionary
LOEWS CORP 5/15/2023 540424AQ1 1.74 1,489,875.00 Financials
SIMON PROPERTY GROUP LP 6/1/2023 828807DD6 1.92 1,989,520.00 Real Estate
JOHN DEERE CAPITAL CORP 6/7/2023 24422EUH0 1.72 1,993,160.00 Industrials
CITIGROUP GLOBAL MARKETS 7/20/2023 17330PSX8 3.75 3,473,505.00 Financials
BANK OF AMERICA CORP 7/24/2023 06053FAA7 0.74 1,249,553.30 Financials
PNC BANK NA 7/25/2023 69349LAM0 0.89 2,508,814.75 Financials
BANK OF NEW YORK MELLON CORP 8/16/2023 06406FAD5 0.84 2,965,530.00 Financials
TOYOTA MOTOR CORP 8/25/2023 89236THA6 0.79 2,459,000.00 Consumer Discretionary
GILEAD SCIENCES 9/1/2023 375558BL6 2.54 3,056,874.88 Health Care
AMERICAN HONDA FINANCE 9/8/2023 02665WDM0 0.83 2,940,540.00 Consumer Discretionary
CUMMINS INC 10/1/2023 231021AR7 2.22 3,482,500.00 Industrials
CATERPILLAR FINL 12/7/2023 14913Q2S7 2.56 3,669,845.00 Industrials
GEORGIA-PACIFIC 1/15/2024 373298CF3 2.42 326,963.20 Materials
JOHN DEERE CAPITAL CORP 3/7/2024 24422EUX5 1.22 2,936,670.00 Industrials
UNILEVER CAPITAL 5/5/2024 904764AX5 1.75 1,466,730.00 Consumer Staples
UNILEVER CAPITAL 5/5/2024 904764AX5 1.79 1,955,640.00 Consumer Staples
APPLE INC 5/6/2024 037833AS9 1.63 247,005.00 Information Technology
APPLE INC 5/11/2024 037833CU2 1.69 638,833.00 Information Technology
TEXAS INSTRUMENTS 5/15/2024 882508BB9 2.28 976,740.00 Information Technology
BANK OF NEW YORK MELLON CORP 5/15/2024 06406HCV9 1.36 589,608.00 Financials
IBM CORP 5/15/2024 459200JY8 0.60 2,943,570.00 Information Technology
ASTRAZENECA FINANCE LLC 5/28/2024 04636NAC7 1.10 2,387,475.00 Health Care
ONCOR ELECTRIC DELIVERY 6/1/2024 68233JBM5 1.08 463,139.25 Utilities
HORMEL FOODS CORP 6/3/2024 440452AG5 1.19 2,849,370.00 Consumer Staples
WALMART INC 7/8/2024 931142EL3 2.71 3,811,743.00 Consumer Discretionary
SALESFORCE.COM INC 7/15/2024 79466LAG9 0.96 427,257.00 Information Technology
UNITED HEALTH 8/15/2024 91324PDR0 0.58 2,904,300.00 Health Care
EXXON MOBIL CO 8/16/2024 30231GBC5 0.65 965,310.00 Energy
AMAZON.COM INC 8/22/2024 023135AZ9 1.88 220,885.62 Consumer Discretionary
BURLINGTON NORTH SANTA FE 9/1/2024 12189LAT8 1.87 981,340.00 Industrials
BURLINGTON NORTH SANTA FE 9/1/2024 12189LAT8 0.97 2,944,020.00 Industrials
COCA-COLA CO 9/6/2024 191216CL2 0.95 3,107,424.00 Consumer Staples
PAYPAL HOLDING 10/1/2024 70450YAC7 0.67 919,058.50 Information Technology
BANK OF NEW YORK MELLON CORP 10/24/2024 06406RAL1 1.15 954,290.00 Financials
CATERPILLAR FINL 11/8/2024 14913Q3B3 1.06 2,889,240.00 Industrials
HERSHEY COMPANY 11/15/2024 427866BC1 1.87 653,345.62 Consumer Staples
ADOBE SYSTEMS INC 2/1/2025 00724FAC5 3.11 2,541,854.40 Information Technology
PACCAR FINANCIAL 2/6/2025 69371RQ66 0.66 949,930.00 Financials
TOYOTA MOTOR CORP 2/13/2025 89236TGT6 1.03 950,710.00 Consumer Discretionary
3M COMPANY 2/14/2025 88579YBH3 1.44 2,380,050.00 Industrials
WW GRAINGER INC 2/15/2025 384802AE4 0.70 550,953.60 Industrials
JOHN DEERE CAPITAL CORP 3/13/2025 24422EUE7 1.08 1,228,837.50 Industrials
INTEL CORP 3/25/2025 458140BP4 4.53 1,964,701.86 Information Technology
AMAZON.COM INC 4/13/2025 023135CE4 2.99 2,922,510.00 Consumer Discretionary
TARGET CORP 4/15/2025 87612EBL9 1.75 2,880,600.00 Consumer Discretionary
APPLE INC 5/11/2025 037833DT4 1.12 1,060,889.31 Information Technology
HONEYWELL INTERNATIONAL 6/1/2025 438516CB0 1.14 2,813,130.00 Industrials
AMAZON.COM INC 6/3/2025 023135BQ8 1.19 1,560,405.76 Consumer Discretionary
JP MORGAN CHASE 7/15/2025 46625HMN7 1.85 1,966,500.00 Financials
PACCAR FINANCIAL 8/11/2025 69371RR99 4.37 2,245,375.00 Financials
STATE STREET CORP 8/18/2025 857477AT0 3.09 1,541,360.00 Financials
CUMMINS INC 9/1/2025 231021AU0 1.28 678,351.57 Industrials
CUMMINS INC 9/1/2025 231021AU0 1.18 2,060,618.43 Industrials
HOME DEPOT INC 9/15/2025 437076BK7 3.09 3,129,824.00 Consumer Discretionary
TOYOTA MOTOR CORP 10/16/2025 89236THP3 1.42 2,733,630.00 Consumer Discretionary
VISA INC 12/14/2025 92826CAD4 2.74 2,426,425.00 Financials
PEPSICO INC 2/24/2026 713448DF2 4.34 1,810,224.00 Consumer Staples
CISCO SYSTEMS 2/28/2026 17275RBC5 4.34 3,383,065.00 Information Technology
TARGET CORP 4/15/2026 87612EBE5 4.39 1,774,520.00 Consumer Discretionary
TARGET CORP 4/15/2026 87612EBE5 4.17 1,823,439.20 Consumer Discretionary
PACCAR FINANCIAL 5/11/2026 69371RR32 4.40 2,709,540.00 Financials
INTEL CORP 5/19/2026 458140AU4 1.34 2,253,353.32 Information Technology
WALMART INC 7/8/2026 931142EM1 4.11 1,838,934.00 Consumer Discretionary
CISCO SYSTEMS 9/20/2026 17275RBL5 4.07 1,084,611.00 Information Technology
HONEYWELL INTERNATIONAL 11/1/2026 438516BL9 3.03 1,121,697.30 Industrials
NIKE INC 11/1/2026 654106AF0 3.14 971,212.95 Consumer Discretionary
ILLINOIS TOOL WORKS INC 11/15/2026 452308AX7 4.87 1,347,392.20 Industrials
Page 16 of 17 Page 82 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
City of Chula Vista
Corporate Bonds - Sector Distribution
SecurityTypeDesc Maturity CUSIP YTM
BNY Market
Value GICS Sector
ABBOTT LABORATORIES 11/30/2026 002824BF6 4.71 991,900.00 Health Care
BANK OF AMERICA CORP 3/2/2027 06048WS84 2.75 3,659,960.00 Financials
CHARLES SCHWAB CORP 3/3/2027 808513BY0 3.35 1,973,541.15 Financials
PEPSICO INC 3/19/2027 713448ER5 3.14 1,827,530.10 Consumer Staples
COSTCO WHOLESALE CORP 5/18/2027 22160KAM7 4.31 3,076,960.00 Consumer Discretionary
MERCK & CO INC 6/10/2027 58933YBC8 3.18 2,905,152.00 Health Care
Total 144,175,663.77
GICS Sector Amount Percent
Information Technology 18,440,938.39 12.79%
Financials 30,703,807.20 21.30%
Real Estate 1,989,520.00 1.38%
Consumer Discretionary 34,292,214.53 23.79%
Industrials 31,077,805.60 21.56%
Consumer Staples 13,670,263.72 9.48%
Energy 965,310.00 0.67%
Utilities 463,139.25 0.32%
Materials 326,963.20 0.23%
Communication Services 0.00 0.00%
Health Care 12,245,701.88 8.49%
Total 144,175,663.77 100.00%
12.79%
21.30%
1.38%
23.79%
21.56%
9.48%
0.67%0.32%
0.23%0.00%8.49%
Corporate Bonds -Sector Distribution
Information Technology
Financials
Real Estate
Consumer Discretionary
Industrials
Consumer Staples
Energy
Utilities
Materials
Communication Services
Health Care
Page 17 of 17 Page 83 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Aoso
yowro,/I,. cavo
CHULA VISTA, CA 91910
Council Member Andrea Cardenas May 31, 2023
The purpose of this communication is to:
A) Reveal the disastrous side effects the
Tenant Protection Act" has on the Homeless,
Elderly, and Chula Vista's Rental Community
B) Outline a simple proposal for a revenue
neutral means to correct the "Act's" inequities.
For your convenience, this letter has also been E-mailed
to you in PDF Form. To enable you confirm the accuracy of
the facts contained herein, you will also find attached to your
E-mail PDF copies of:
A) Chapter 9.65 of the Chula Vista Municipal Code
Ordinance 3527 (commonly known as the
Tenant Protection Act")
B) Administrative Regulations of the Tenant Protection
Ordinance.
In the PS section of this communication is the data
supplied by City Staff as requested by the previous City
Page 1 of 10
Page 84 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Council which was used to create The "Tenant Protection
Act"
If you take time to review of the facts contained herein,
I am confident that you, along with your fellow Council
Members, will adopt a plan to amend the "Tenant Protection
Act" in order to mitigate the harmful side effects this
ordinance has on those members of our community who can
least afford.
I am greatly discouraged by your lack of concern in this
matter. As your constituent and a 68 year resident of Chula
Vista, I respectfully insist that you communicate back thru
the above E-mail or cell number that you have AT LEAST
received and reviewed this info.
Clauses Which Need Immediate Attention:
Clause 9.65.060E states if a tenant terminates their lease
and moves away, "Owners and Tenants shall provide City
with information regarding termination of Tenancies at
such time(s) and with such details as shall be required by
city in the attendant Administration Regulations."
Additionally, failure to comply or simple paperwork
errors results in Tenants and/or Owners being subject
5,000.00 daily fines WITH NO OPPORTUNITY TO
MAKE CORRECTIONS. (See Clause below)
Page 2 of 10
Page 85 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Clause 9.65.08002 States: "Civil penalties for violations of
this chapter may be assessed at a rate not to exceed $5,000
per violation per day. When a violation occurs it is not
required that a warning or notice to cure must first be given
before an administrative citation or civil penalty may be
issued."
I was informed by City Staff the problems created by
the glitches and poor wording of the "Tenant Protection Act"
would be addressed by the "Tenant Protection Ordinance
Administrative Regulations" (A copy of which has been E-
mail to you) .
Unfortunately there are areas within the "Administrative
Regulations" which directly contradict the "Tenant
Protection Act". Those contradictions are addressed in page
3 section "C" of the "Administrative Regulations" which
states:
C. Governing Terms in the event of Conflict: To the extent
of any conflict between these regulations and Chapter 9.65,
the terms of Chapter 9.65 shall govern. "
The above clause of the "Administrative Regulations"
brings us back full circle forcing Owners and/or Tenants to
adhere to all clauses of the "Tenant Protection Act" (poorly
worded or not) .
Page 3 of 10
Page 86 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Regarding $5,000.00 Fines For Inadvertent Errors:
City Staff has communicated on many occasions it is not
their intention to levy fines for inadvertent paper work errors.
Two Points why that statement is simply NOT true:
Point One:
If staff truly had no desire to levy fines for inadvertent
errors, Clause 9.65.080C2 would have been worded as...
Civil penalties for violations of this chapter may be
assessed at a rate not to exceed $5,000 per violation per
day. When a violation occurs, a warning or notice to cure
must first be given before an administrative citation or civil
penalty may be issued."
Instead, Staff purposely inserted the following five words
underlined):
Civil penalties for violations of this chapter may be
assessed at a rate not to exceed $5,000 per violation per
day. When a violation occurs it is not required that a
warning or notice to cure must first be given before an
administrative citation or civil penalty may be issued."
City Staff maintains the reason The Ordinance does not
exempt inadvertent errors and does not afford Owners and/or
Tenants an opportunity for the "right to cure" is because it is
difficult to differentiate errors from willful misconduct.
Using that flawed logic, it would easier for the CVPD to
Page 4 of 10
Page 87 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
write tickets for everyone driving down the road instead of
only speeders.
It is not the purpose of the "Tenant Protection Act" to
make life easier for Staff. The purpose the "Tenant
Protection Act" IS TO PROTECT TENANTS. Levying huge
fines to be passed on to tenants not only does nothing to
protect and improve the lives of Tenants but can financially
devastate a large portion of our rental community.
Informing Owners and/or Tenants who are in violation
of The "Tenant Protection Act" and affording them the
opportunity to correct their mistake creates a simple
mechanism to separate conscientious Owners and/or Tenants
from the "Bad Actors". Once separated, City Staff can then
devote their attention to those "Bad Actors" who have
ignored warnings and should be free to levy substantial fines
if necessary.
Point Two:
On a related subject: Chula Vista residents of Mobile
Home parks must pay the City a $12.00 annual fee if they
want to receive Rent Protection from owners of Mobil Home
Parks who raise space fees more than permitted by City
Ordinance. Mobil Home Park residents are informed the
12.00 fee is used to pay staff for enforcing the ordinance.
Page 5 of 10
Page 88 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
At a recent "Housing & Homeless Advisory
Commission" meeting City Staff had informed the public
The City is currently staffing up the Housing & Homeless
Service Department by ten positions in order to enforce the
Tenant Protection Act."
Considering Chula Vista's policy of charging a fee in
order to recoup funds required to pay staff to enforce Mobil
Home Park ordinances, WE ARE BEING VERY NAIVE IN
BELIEVING WELL MEANING PROPERTY OWNERS
WOULD NOT FACE SUBSTANTIAL FINES (WHICH
MUST BE PASSED ON TO TENANTS) IN ORDER TO
FUND STAFF TIME FOR THE ENFORCEMENT OF THE
TENANT PROTECTION ACT". In fact, the City Manager
would be remiss if some funding mechanism was not created
to support the staff enforcing this Ordinance.
Under Current Wording, Financial Hardship For Tenants
is Assured Even if No Fine is Immediately Levied:
Ironically, staff does not have to actually fine Owners
for Chula Vista renters to suffer financial hardship. The mere
threat of $5,000.00 daily fines for Owners and/or Tenants
who make inadvertent paperwork errors (without given an
opportunity to correct said errors) is sufficient motive for
prudent Owners to substantially raise rents in order to
impound funds for possible future fines.
Page 6 of 10
Page 89 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
In Closing:
On a personal note: In my fifty years as a Chula Vista
Property Owner and Landlord, I have consistently attempted
to be a good steward of my responsibility to provide a
beautiful comfortable home for tenants at a very reasonable
rent. Many renters have been with Mary and I for 10, 20,
even 30 years.
When calculating rents, Mary & I annually evaluate the
expenses of each property and adjust rents accordingly.
Effective January 1, 2023 an increase of expenses forced a
modest $25.00 monthly rent increase on a few tenants.
Fortunately rent for most tenants remained unchanged.
Ironically one tenant actually had their rent reduced by
25.00.
With the passage of this ordinance authorizing fines for
simple paperwork errors the situation has changed
dramatically. We were forced to adjust some rents by as
much a $220.00. In my half century of providing Landlord
services to our community, I HAVE NEVER seen an action
taken by the Chula Vista City Council more financially
devastating to the renters of our community than "The
Tenant Protection Act".
If you doubt the hardship this Act has placed on our
community, call me. I will provide you with Pam's phone
number. Pam is an elderly Chula Vista resident who has
Page 7 of 10
Page 90 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
been our tenant for almost twelve years. She will explain
how this massive rent increase you have forced upon her has
effected her life.
Additionally, I am greatly encouraged by the steps The
City Council has taken to assist the homeless of our
community with the introduction the Homeless Bridge
Shelter near Main Street. May I suggest that you may have a
much greater chance of success in providing long term
affordable housing for the homeless if you modify the
current language of the "Tenant Protection Act" which, as
written, forces Owners to substantially rise rents.
Thank You and please let me know how I may be of
assistance to improve this situation.
eFph -6 qlaao
Page 8 of 10
Page 91 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
PS: Documentation of the above information:
1) Chula Vista Population: 283,972
Chula Vista - U.S. Census Bureau QuickFacts)
2) Average number of individuals in each household: 3.31 (Chula .Vista -
U.S. Census Bureau QuickFacts)
3) Percentage Chula Vista housing which are rentals. 42% (Data
compiled by City Staff )
4) Number of Chula Vista Rental Units: 36,033
Population of Chula Vista (283,072) divided by the average number of
people residing in each Residence (3.31) equals 85,792 multiplied the
percentage of residences which are rentals (42%) equals the
approximate number of Chula Vista rental units. (36,033)
5) Approximate number of Chula Vista renters: 119,268 (CV Population
283,972 x.42%)
6) Approximate Average Monthly Chula Vista Rent: $3,047.00 (See
attached CV Staff provided "Relocation Assistance" Pic - Average of
Line 2nd from bottom)
7) With no right to cure, amount of daily fine levied if Landlord or
Tenant inadvertently makes a paperwork error when Tenant terminates
lease and moves: $5,000.00 (Clauses 9.65.060 E and 9.65.080 C2 of
Residential Landlord and Tenant Ordinance ")
8) Maxim average monthly rent increase allowed .. $304.70 ($3047.00 x
10%. California AB -1482 5% plus inflation Max 10%)
9) Average number of months required for Landlord to recoup a one day
fine: 16.41 ($5000.00 divided by $304.70)
10) Approximate total monthly maximum rent increase levied on Chula
Vista Renters if Landlords are forced to impound funds to the pay daily
fines.. $10,979,255.00 (36,033 Rental Units multiplied by $304.70)
Page 9 of 10
Page 92 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
U.S. Department --- p rtment of Housing and Urban Development SmallAreaFairMarketRent (April 2022) 081111100
Efficient 1 2
Y Bedroom Bedroom
3
Bedroom
a -
Bedroom;
51,350 52,040 521620 S3,640 54.450....
1,430 1,Sgo 2,030 52,820 53,450.-r-
51,440 51,60.^, 2,050 S2,s50 53.490
2,110. 2,340 3,000 54,170 5,100
52.360 S2,&10 53,350 54.650 55,;00
2,360 2,610 3,350 54,650 55,700'=
51.92: 52, lin 5;.%33 53,797 4,648,-
51,628 51.502 2,311 53,210 5,,_2`
Exhibit -2
Comparison of Survey Data vs, MFMR
sow _ — -- - - - -- — M-.70 ---- —
Simo 3
sz= -$1.4(3
izmu -
As
Conclusion Drawn From Facts 1 thru 10 above:
With rents at an all time high, Credit Card debt at historic levels,
and savings at an all time low, pushing a $10,979,255.00 monthly rent
increase on the Chula Vista residents who can least afford will be
devastating. If less than one half of one percent of Chula Vista renters
are "Pushed Over The Edge" and are forced to live on the streets, almost
600 of our neighbors will be left homeless. (119,268 times .005 equals
594)
Page 10 of 10
Page 93 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
v . 0 03 P a g e | 1
June 6, 2023
ITEM TITLE
Charter Review Commission: Presentation by the Charter Review Commission to City Council Regarding
the Ranked Choice Voting Concept
Report Number: 23-0124
Location: No specific geographic location.
Department: City Attorney
Environmental Notice: The activity is not a “Project” as defined under Section 15378 of the California
Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no
environmental review is required.
Recommended Action
Hear the presentation and provide feedback to the Charter Review Commission.
SUMMARY
The Charter Review Commission has been discussing the prospect of using ranked choice voting in future
local elections, which would require a City Charter amendment. The Charter Review Commission seeks
feedback and direction from the City Council as to its interest in such concept.
ENVIRONMENTAL REVIEW
The Director of Development Services has reviewed the proposed activity for compliance with the California
Environmental Quality Act (CEQA) and has determined that the activity is not a “Project” as defined under
Section 15378 of the State CEQA Guidelines because it will not result in a physical change in the environment;
therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines, the activity is not subject to CEQA.
Thus, no environmental review is required.
BOARD/COMMISSION/COMMITTEE RECOMMENDATION
Hear the presentation and provide feedback on the concept of ranked choice voting.
Page 94 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 2
DISCUSSION
The Charter Review Commission (“CRC”) is an advisory body that serves as a resource to advise and make
recommendations to the City Council and the City Manager on issues affecting the provisions of the City
Charter. The CRC reviews the framework of the City and recommends changes to the Charter to clarify and
improve the workings of the City’s government. The City Council ultimately then determines whether to place
any recommended Charter amendments on the ballot.
The functions and duties of the CRC, in accordance with Chula Vista Municipal Code section 2.29.030, are as
follows:
A. Constitute a forum for City-wide discussions, research and analysis of matters relating to current
or proposed provisions of the City Charter, and amendments thereto.
B. Help coordinate citizen and staff ideas with regard to potential Charter changes.
C. Formulate specific language for proposed Charter changes to be submitted to the City Council in
a form appropriate for placement on the ballot at an election wherein the proposed Charter changes
can be submitted to the electorate.
D. Provide analyses and reports to the City Council in connection with said recommendations.
E. Prepare and submit proposed ballot arguments in favor of or against proposed Charter changes.
F. To participate in the selection and nomination of members of the Board of Ethics, in accordance
with CVMC 2.25.050, and to carry out the duties specified in Chula Vista Charter Section 300.5 with
respect to the selection of Commission members for the Districting Commission.
In accordance with these functions and duties, the CRC has been discussing, amongst other issues of interest,
the concept of moving to ranked choice voting in future local elections. As ranked choice voting can mean
different things and has both advantages and disadvantages, the CRC anticipates that more research and
discussion would be necessary prior to formulating any potential recommended Charter amendments.
At this time, the Charter Review Commission wishes to obtain City Council feedback and direction on
whether to continue pursuing this potential Charter change.
DECISION-MAKER CONFLICT
Staff has reviewed the decision contemplated by this action and has determined that it is not site-specific and
consequently, the 500-foot rule found in California Code of Regulations Title 2, section 18702.2(a)(11), is not
applicable to this decision for purposes of determining a disqualifying real property-related financial conflict
of interest under the Political Reform Act (Cal. Gov't Code § 87100, et seq.).
Staff is not independently aware, and has not been informed by any City Council member, of any other fact
that may constitute a basis for a decision maker conflict of interest in this matter.
CURRENT-YEAR FISCAL IMPACT
There is no current-year fiscal impact.
Page 95 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 3
ONGOING FISCAL IMPACT
There is no ongoing fiscal impact. If the City Council should decide to recommend a Charter amendment
related to ranked choice voting at a future date, staff will provide estimates regarding the costs of a measure
to amend the City Charter and any potential ongoing future fiscal impacts of such a measure.
ATTACHMENTS
1. Letter from the Charter Review Commission
Staff Contact: Megan McClurg; Kerry Bigelow
Page 96 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
June 6, 2023
Honorable Mayor and Councilmembers:
I write on behalf of the Chula Vista Charter Review Commission. Upon request of various
councilmembers, the commission has been examining alternative voting systems, including
ranked choice voting. While the commission believes that ranked choice voting is the best of the
alternatives, it is not a perfect system.
The primary benefit of ranked choice voting is that the candidate who ultimately wins is likely to
be accepted by voters on both sides of the political spectrum. This benefit has been seen in
jurisdictions in which ranked choice voting is being used. On the other hand, the time that it
takes to compute and, when necessary, re-compute the votes could cause some to not have
confidence in the validity of the results.
The most objective negative aspect of ranked choice voting is the cost of implementing a new
voting system, including the registrar of voters’ cost of modifying the vote counting computers
and the much greater cost of educating the public about ranked choice voting and how to
complete a ballot. Savings could be eventually realized when use of ranked choice voting results
in not needing to have a run-off election for city offices.
The City of San Diego is considering implementing ranked choice voting. As such,
implementation costs could be shared, especially if other public entities in the county decided to
utilize a ranked choice voting system. In other words, the commission would recommend not
implementing a new voting system until San Diego did so, though the commission could provide
a recommended charter amendment in the meantime to allow for ranked choice voting subject to
that provision being implemented by ordinance.
We look forward to receiving guidance from City Council as to how the commission should
proceed with respect to potential adoption of a ranked choice voting system.
Yours very truly,
Jan Buddingh, Jr.
Charter Review Commission Vice Chair
Page 97 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
v . 0 03 P a g e | 1
June 6, 2023
ITEM TITLE
Eucalyptus Park: Approve the Park Master Plan for Renovation of Eucalyptus Park and Reallocate American
Rescue Plan Act Funds to Capital Improvement Project PRK0340 (Eucalyptus Park) for Related
Construction Costs
Report Number: 23-0070
Location: 436 C Street
Department: Development Services
Environmental Notice: The Project qualifies for a Categorical Exemption pursuant to the California
Environmental Quality Act (“CEQA”) State Guidelines Section 15301 Class 1 (Existing Facilities), Section
15303 class 3 (New Construction or Conversion of Small Structures), and Se ction 15304 Class 4 (Minor
Alterations to Land).
Recommended Action
Adopt a resolution approving the Park Master Plan for renovation of Eucalyptus Park and reallocating
American Rescue Plan Act (“ARPA”) funds to augment previously appropriated grant funds. (4/5 Vote
Required)
SUMMARY
Eucalyptus Park is an existing 19.69-acre community park serving the northwestern area of Chula Vista. The
City successfully pursued $7,140,000 in grant funds available pursuant to the California Drought, Water,
Parks, Climate, Coastal Protection, and Outdoor Access for All of 2018 Parks Bond Act, Statewide Park
Development and Community Revitalization Program (the “Statewide Parks Program”) to enhance and
renovate the park. The proposed action approves a Park Master Plan for renovation of Eucalyptus Park
estimated to cost approximately $8.7 million and reallocates approximately $3.5 million in previously
appropriated ARPA monies to fund the Master Plan scope.
ENVIRONMENTAL REVIEW
The Director of Development Services has reviewed the proposed project for compliance with CEQA and has
determined that the project qualifies for a Categorical Exemption pursuant to State CEQA Guidelines Section
Page 98 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 2
15301 Class 1 (Existing Facilities), Section 15303 class 3 (New Construction or Conversion of Small
Structures), and Section 15304 Class 4 (Minor Alterations to Land) because the proposed actions would not
result in a significant effect on the environment, create a cumulative impact, damage a scenic highway, or
cause a substantial adverse change in the significance of a historical resource. Thus, no further environmental
review is required.
BOARD/COMMISSION/COMMITTEE RECOMMENDATION
On April 25, 2023, the Parks and Recreation Commission voted to recommend approval of the Park Master
Plan for the renovation of Eucalyptus Park by a vote of 5-0.
DISCUSSION
Background
Eucalyptus Park was the first park built within the City of Chula Vista , opening to the public in 1927. It is a
19.69-acre community park which serves the northwestern area of Chula Vista and is heavily utilized by the
community. Renovating Eucalyptus Park will provide the community with expanded recreation offerings and
enhanced amenities.
Grant Funding
In March 2021, the City submitted a grant application for the Statewide Parks Program Round 4, requesting
funding for the renovation of Eucalyptus Park. The City was successful, and on February 2, 2022, the City
entered into Grant Contract SW-37-015 for a not to exceed amount of $7,140,000 for the design, pre-
construction services, and construction of a portion of Eucalyptus Park. As part of the grant application
$750,000 of the allocated funds were designated to fund a portion of the tenant improvements for Casa
Casillas, which is located along Fourth Ave, adjacent to the park site. On May 3, 2022, the City established the
Eucalyptus Park CIP (PRK0340) and appropriated Statewide Parks Program grant funds in the amount of
$6,390,000 to the project.
In accordance with the terms of the grant, the renovated park shall be open to the public no later than March
2025.
Scope of Work
The Eucalyptus Park Master Plan developed and identified the locations of focal recreation features as
outlined per the grant’s scope of work. These features include the construction of a multi-purpose field with
lighting, interactive water feature, skate/scooter plaza, bike skills park, perimeter walking path with fitness
equipment, and pickleball courts with lighting. The grant scope of work also identified renovations work for
existing features, including the playground, dog park, parking lot, lighting and fencing around the park.
Design Consultant
On August 26, 2022, the City of Chula Vista issued a Request for Proposal s (“RFP”) from qualified design
teams to develop the master plan, park design, 100% construction documents, specifications and
construction administration based on the conceptual plan included within the awarded grant application for
Eucalyptus Park. A total of 9 design firms responded to the RFP and the City of Chula Vista selected and
entered into an agreement with KTUA on October 25, 2022, to provide design, pre -construction, and
Page 99 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 3
construction administration for the Eucalyptus Park renovations. Construction of the park renovations will
be completed under a separate solicitation and contract.
Community Engagement
In November of 2020, City staff held three virtual public community meetings to understand the community’s
vision for the park. An overview map of the project site was presented, and there was a discussion regarding
the current park features and site conditions to be aware of. City staff also asked the participants to provide
what they felt were necessary features to be added to the park. City staff identified the features that garnered
the most input and interest and included those within the grant application.
On January 19, 2023, City staff and KTUA hosted a community workshop at Feaster Charter School to update
the community on the status of the renovation work for Eucalyptus Park. KTUA presented a park program
plan which highlighted existing features to be enhanced (stormwater channel, parking lot, and dog park
improvements), accessibility upgrades (connection to Menzel field and perimeter walking path with fitness
equipment), and the addition and/or renovation of active play amenities (playground equipment, interactive
water feature, skate/scooter plaza, bike skills park, artificial turf multi-purpose field, and lit pickleball
courts). After the presentation, KTUA provided an in-person survey, as well as an online survey to generate
feedback regarding the proposed park program. The project survey highlighted the park amenities based on
the grant scope of work and encouraged the public to rate the features and amenities that were most
important to them. Ninety-four surveys were returned and KTUA analyzed the data and put it into a visual
presentation form.
A second community workshop was hosted by City staff and KTUA on March 23, 2023, at Feaster Charter
School. The goal of the second workshop was to present the master plan concept from the grant scope of
work and results from the survey data. Before presenting the Master Plan, KTUA provided a brief overview
to the community regarding the results of the survey data which highlighted the community’s top 3-5
amenities desired for the dog park, skate/scooter plaza, bike skills course and playground renovations. The
proposed park design theme honors the existing Eucalyptus trees as well as Monarch butterflies, as
Eucalyptus Park is an overwintering site for Monarch butterflies. The community provided overall positive
feedback and expressed their excitement for the proposed park renovations.
Master Plan Design Concept
The Master Plan has been designed to activate the entire park site by offering new amenities in
underdeveloped areas of the park. City Staff and KTUA wanted to create movement throughout the park
while grouping relatable activities near one another. (See Attachment 2)
The design of the park site includes the addition of the following elements:
• Multipurpose field with lighting
• Interactive water feature (splash pad)
• Skate/ scooter plaza
• Bike skills plaza
• Walking path throughout the park with fitness equipment nodes
• Pickleball courts with lighting
• ADA ramp/ access from lower field to upper fields (Menzel field)
• Renovation to existing lower parking
• Renovation to the existing playground
Page 100 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 4
• Dog park(s) reconfiguration
• Enhancements to the existing perimeter fencing (Park signage at the corner of Fourth Ave & C
Street)
• Bio-retention basins within existing swale/ drainage corridor (more natural aesthetics)
• Connectivity throughout the entire park
• New access point along Fourth Avenue
Funding for Eucalyptus Park Renovation
KTUA estimates the total cost to construct the Park Master Plan for renovation of Eucalyptus Park at
$8,722,558. Of this amount, $5.2 million will be funded by the previously described Statewide Park Program
grant, leaving a funding shortfall of $3,522,558, as summarized in Table 1 below. Reallocating previously
appropriated ARPA funds in an equal amount to fully fund the Master Plan is recommended.
Table 1 – Budget and Funding Sources
Description Amount
Parks Program Grant Funds Awarded $ 7,140,000
Less Casa Casillas Funds (750,000)
Less Project Design & Other Pre-Construction Expenses (1,190,000)
Grant Funds Available for Construction $ 5,200,000
Construction Cost Estimate 8,722,558
Less Grant Funds Available for Construction (5,200,000)
Proposed ARPA Fund Reallocation $ 3,522,558
On May 10, 2021, the U.S. Department of the Treasury announced the launch of the Coronavirus State and
Local Fiscal Recovery Funds, established by the American Rescue Plan Act of 2021, to provide $350 billion
in emergency funding for eligible state, local, territorial, and Tribal governments. The Coronavirus State and
Local Fiscal Recovery Funds provide substantial flexibility for each jurisdiction to meet local needs—
including support for households, small businesses, impacted industries, essential workers , and the
communities hardest-hit by the crisis.
The City received a total of $57.5 million, which was appropriated by the City Council with the initial plan
presented on August 24, 2021 and the Fiscal Year 2023-24 adopted budget. This action proposes to reallocate
$3,522,558 in previously appropriated ARPA funds towards the Eucalyptus Park renovation by amending
the Spending Plan to reallocate $3,522,558 from the Revenue Recovery Category to the Negative Economic
Impacts Category, as detailed in Table 2 below.
Page 101 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 5
Table 2 – ARPA Spending Plan
Construction costs will be further refined during the construction bidding process. Should the project funds
be insufficient to complete the full Master Plan scope, value engineering may be employed by staff to keep
the project within budget.
DECISION-MAKER CONFLICT
Staff has reviewed the property holdings of the City Council members and has found that, Mayor John McCann
has real property holdings within 1,000 feet, but beyond 500 feet, of the boundaries of the property which is
the subject of this action. Staff has determined that the decision would change the parcel’s development
potential, income-producing potential, highest and best use, character, and/or market value. Consequently,
pursuant to California Code of Regulations Title 2, sections 18700 and 18702.2(a)(8), this item presents a
disqualifying real property-related financial conflict of interest under the Political Reform Act (Cal. Gov't
Code § 87100, et seq.) for the above-identified member.
Staff is not independently aware, and has not been informed by any City Council member, of any other fact
that may constitute a basis for a decision-maker conflict of interest in this matter.
CURRENT-YEAR FISCAL IMPACT
Approving a resolution adopting the Eucalyptus Park Master Plan and reallocating ARPA Funds has no net
fiscal impact in the current-year.
Page 102 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 6
Approval of the resolution reallocates $3,522,558 in previously appropriated ARPA funds from the Revenue
Recovery category to the Negative Economic Impacts category and increasing the Eucalyptus Park CIP
(PRK0340). Grant funds totaling $6,390,000 were previously appropriated to the project.
Final construction costs are not yet known. Should the project funds be insufficient to complete the full
Master Plan scope, value engineering may be employed by staff to keep the project within budget.
ONGOING FISCAL IMPACT
Upon completion of the proposed improvements, the City will incur park operation and maintenance costs.
As an existing park, the operation and maintenance of the existing amenities are included in the current
Public Works Department budget. The City will incur incremental additional operation and maintenance
costs associated with new park amenities (e.g., interactive water feature). Funds to provide this additional
maintenance will be included in future operating budgets.
ATTACHMENTS
1. Project Location Map
2. Park Master Plan
Staff Contact: Bethany McDonnell, Landscape Architect
Laura C. Black, AICP, Director of Development Services
Page 103 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Form Rev 3/6/2023
RESOLUTION NO. __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA (1) APPROVING THE PARK MASTER PLAN
FOR THE RENOVATION OF EUCALYPTUS PARK; (2)
APPROVING A TENTH AMENDMENT TO THE AMERICAN
RESCUE PLAN ACT SPENDING PLAN; AND (3)
REALLOCATING FUNDS AND AMENDING THE AMERICAN
RESCUE PLAN ACT BUDGET THEREFOR
WHEREAS, Eucalyptus Park is a 19.69-acre community park located at 436 C Street,
stretching along C Street between Fourth and Fifth Avenue; and
WHEREAS, the City of Chula Vista (“City”) applied to the California Department of Parks
and Recreation for grant funds available pursuant to the California Drought, Water, Parks, Climate,
Coastal Protection, and Outdoor Access for All of 2018 Parks Bond Act, Statewide Park
Development and Community Revitalization Program (the “Statewide Parks Program”) to
improve Eucalyptus Park; and
WHEREAS, on February 22, 2022, the City entered into Grant Contract SW-37-015 for
the Eucalyptus Park improvements; and
WHEREAS, City Council Resolution No. 2022-100 amended the Fiscal Year 2021-22 CIP
budget to establish a new capital improvement project, Eucalyptus Park (PRK0340), and
appropriated $6,390,000 in Statewide Parks Program grant funds to same; and
WHEREAS, on August 26, 2022, the City issued a Request for Proposals (“RFP”) from
qualified design teams to develop the master plan, park design, 100% construction documents,
specifications and construction administration based on the conceptual plan included within the
awarded grant application for Eucalyptus Park; and
WHEREAS, on October 25, 2022, the City selected and entered into an agreement with
the design firm KTUA to provide design, pre-construction, and construction administration for the
Eucalyptus Park renovations; and
WHEREAS, Construction of the park renovations will be completed under a separate
solicitation and contract; and
WHEREAS, the design and 100% Construction Documents will be managed and approved
by the City in accordance with the objectives contained within the Parks and Facilities Guidelines,
Landscape Water Conservation Ordinance, Landscape Manual, as well as, the City’s Construction
Standards; and
Page 104 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Resolution No.
Page 2
WHEREAS, following an extensive community engagement process, KTUA developed a
Park Master Plan for Eucalyptus Park renovations that activate the entire park site (the “Eucalyptus
Park Master Plan”); and
WHEREAS, the Parks and Recreation Commission recommended approval of the
Eucalyptus Park Master Plan at its meeting on April 25, 2023, by a vote of 5-0; and
WHEREAS, KTUA estimates the total cost to construct the Eucalyptus Park Master Plan
at $8,722,558, resulting in a funding shortfall of $3,522,558 after application of the $6,390,000 in
Statewide Parks Program grant funds; and
WHEREAS, on May 10, 2021, the U.S. Department of the Treasury announced the launch
of the Coronavirus State and Local Fiscal Recovery Funds, established by the American Rescue
Plan Act of 2021 (“ARPA”), to provide $350 billion in emergency funding for eligible state, local,
territorial, and Tribal governments; and
WHEREAS, ARPA was intended to provide support to local governments in responding
to the impact of COVID-19 and in their efforts to contain COVID-19 in their communities,
residents, and businesses; and
WHEREAS, ARPA includes State and Local Fiscal Recovery Funds to support urgent
COVID response efforts to decrease the spread of the virus, replace lost public sector revenue to
strengthen support for vital public services, support immediate economic stabilization for
households and businesses, and address systemic public health and economic challenges that have
contributed to inequal impacts of the pandemic on certain populations; and
WHEREAS, the Coronavirus State and Local Fiscal Recovery Funds provide substantial
flexibility for each jurisdiction to meet local needs—including support for households, small
businesses, impacted industries, essential workers, and the communities hardest-hit by the crisis;
and
WHEREAS, the City of Chula Vista received $57,535,250 in two tranches with
$28,767,625 provided in May 2021 and the remaining $28,767,625 received twelve months later;
and
WHEREAS, staff recommends the reallocation of $3,522,558 in previously appropriated
ARPA funds towards the Eucalyptus Park renovation and amending the American Rescue Act
Spending Plan accordingly, by reallocating $3,522,558 from the Revenue Recovery Category to
the Negative Economic Impacts Category; and
WHEREAS, the Director of Development Services has reviewed the proposed project for
compliance with the California Environmental Quality Act (“CEQA”) and has determined that the
project qualifies for a Categorical Exemption pursuant to State CEQA Guidelines Section 15301
Class 1 (Existing Facilities), Section 15303 class 3 (New Construction or Conversion of Small
Structures), and Section 15304 Class 4 (Minor Alterations to Land) because the proposed actions
would not result in a significant effect on the environment, create a cumulative impact, damage a
Page 105 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Resolution No.
Page 3
scenic highway, or cause a substantial adverse change in the significance of a historical resource.
Thus, no further environmental review is required.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista,
that it approves the Park Master Plan for the renovation of Eucalyptus Park.
BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista that it
amends The American Rescue Plan Act Spending Plan and reallocates funds within the
American Rescue Plan Act 2021 Fund (Fund 268), increases CIP appropriations (PRK0340),
and amends the Revenue Recovery and Negative Economic Impact category budgets as follows:
Revenue Recovery: Governmental Funds ($3,522,558)
Negative Economic Impacts: Eucalyptus Park (PRK0340) $3,522,558
Presented by Approved as to form
By:
Laura C. Black, AICP Jill D.S. Maland
Director of Development Services Lounsbery Ferguson Altona & Peak
Acting City Attorney
Page 106 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
D S T
E S T
C S T
FI
FTH AVF L O W E R S T FOURTH AVBROADWAYGARRETT AVTHI
RD AVD A V ID S O N S T
THIRD EXT AV
M C IN T O S H S T
T R O U S D A L E D R
C A S S E L M A N S TN FI
FTH AVN SECOND AVS E A V A L E S T PROJECT
LOCATION
NORTH
JJ:\Planning\Public Notices\PSP\PSP22-0003.pdf
PROJECT DESCRIPTION:
PROJECT
ADDRESS:436 C Street
PROJECT
APPLICANT:
LOCATOR EUCALYPTUS COMMUNITY PARK
LOCATION MAP
City of Chula Vista
C H U L A V ISTA D E V EL O P M EN T SER V IC E S D EPA RT M E N T
NORTH
SR - 54 -
F
R
E
E
W
A
Y
National
Cit
y
City of C
h
ul
a
Vi
st
a
Page 107 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations | City Council Presentation - 6/6/2023 Park Master Plan
N02550100
LEGEND:
PARK MASTER PLAN
Bike Park1
Skate Park2
Small Dog Park3
Large Dog Park4
Stormwater Channel &
Basins5
Pickleball Courts (4)6
Additional Parking Lot
(13 New Spaces)7
ADA Ramp8
Perimeter Trail9
Fitness Equipment10
Showers & Changing
Station11
Interactive Water Feature12
Lit Artificial Turf Field
(7vs7 165’x105’)13
New Playground &
Surfacing14
Improved Channel
Fencing15
Park Monument Sign16
1
2 3 6
45 7
138
1211
14
10
5
9
9
Stormwater Channel
Apartments
Path
Connection
To 4th
Avenue
American Legion
Post 434
(Not Part of Grant)
Menzel Field
(Not Part of Grant)
Existing Ball
Field
(To Remain)
Casa
Casillas
Existing Tennis
Courts
(To Remain)
Existing
Basketball Court
(To Remain)
Existing Picnic Area
(To Remain)
Apartments
C Street
5th Avenue4th Avenue15
15 16
Page 108 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus
Park
Renovations
City Council
Item 7.1
June 6,2023
Page 109 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Project Location
PROJECT LOCATION
Page 110 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Project Timeline
PROJECT TIMELINE
GRANT
APPLICATION
MARCH,2021WORKSHOP
4
FEBRUARY4,2021PARK MASTER
PLAN
JUNE6,2023COMPLETE PARK
CONSTRUCTION
MARCH,2025GRANT CONTRACT
EXECUTION
FEBRUARY,2022WORKSHOP
5
FEBRUARY6,2021PARKS & REC
COMMISSION
APRIL 27,2023FINAL CONSTRUCTION
DRAWINGS
DECEMBER3,2023NOVEMBER,2020WORKSHOPS
1-3
WORKSHOPS
6 -7
FIRST QUARTER,2023Page 111 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Community Meeting #1 SurveyPage 112 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Community Meeting Summary
95
48
SurveyResponsesWorkshop ParticipantsPage 113 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
1 MILE
OR LESS
1-3
MILES
OVER 3
MILES
48
%66%
ONCE PER
WEEK
A FEW
TIMES PER
MONTH
NEVER
A FEW
TIMES PER
YEAR
48%
How often do you visit
Eucalyptus Park?
DAILY /ALMOST
DAILY
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Community Meeting #1 Survey -Questions #2,#3 
Questions #2-#4:
How far away from Eucalyptus
Park do you live?
How do you travel to
Eucalyptus Park?
Page 114 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
0
50
40
30
20
10
0 -4 5 -12 13-18 19-45 46-64 65+
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Community Meeting #1 Survey -Question #5
Question #5:
What are the ages of the individuals in your household who visit the park?
Page 115 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Community Meeting #1 Survey -Question #6
Question #6:
What are the top three amenities that you use in Eucalyptus Park?
60
50
40
30
20
10
0
Page 116 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Community Meeting #1 Survey -Question #7
Question #7:
What are your top three concerns with the existing elements and design of Eucalyptus Park?
100
80
60
40
20
0
Page 117 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
20 30 40
WALKING PATH &FITNESS EQUIPMENT
BIKE SKILLS COURSE
PLAYGROUND EQUIPMENT
INTERACTIVE WATER FEATURE
PICKLEBALL COURTS
DOG PARK IMPROVEMENTS
SKATE/SCOOTER PLAZA
ARTIFICIAL TURF FIELD
ADDITIONAL PARKING
0 10
Eucalyptus Park Renovations |City Council Presentation -6/6/2023
50 60
Community Meeting #1 Survey -Question #9
Question #9:
What are the top three amenities you would like to see in Eucalyptus Park?
Page 118 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
NO
PREFERENCE
TENNIS
PICKLEBALL
50%
HISPANIC
CULTURE MONARCH
BUTTERFLY
EUCALYPTUS
45%
COLORFUL
PLAYGROUND
URBAN
PLAZA
NATURALISTIC
47%
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Community Meeting #1 Survey -Questions #11,#12 
Questions #11-#13:
Do you prefer Tennis or
Pickleball?
Which design theme would
you prefer for the park?
Which design scheme would
you prefer for the interactive
water feature?
Page 119 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
40 50 60 70 80
SHADE
FENCING &ENTRY GATES
DOG WATER FOUNTAINS
TABLES &BENCHES
REAL TURF
DECOMPOSED GRANITE
SURFACING
ARTIFICIAL
TURF
BARK MULCHSURFACING
DOG
TOYS
0 10 20 30
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Community Meeting #1 Survey -Question #14
Question #14:
What are the top three amenities you would like to see in the Dog Park?
(1)Shade &Benches
(2)Fencing &Entry
Gates
(2)Fencing &Entry
Gates
(3)Dog Water
Fountains
Decomposed Granite
Surfacing
Page 120 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
30 40 50
CUSTOM ‘LANDMARK’FEATURE
HALFPIPE
BOWLRAILS,LEDGES &STAIRS COMBOQUARTERPIPE
GAP
0 10 20
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Community Meeting #1 Survey -Question #15
Question #15:
What are the top five features
you would like to see in the skate/scooter plaza?
(1)Halfpipe
(2)Bowl
(3)Rails,Ledges &
Stair Combo
(4)Quarterpipe
(5)Landmark Feature
MANUAL PAD &LEDGE
BRICK BANK
RAILS
STAIR SET
KICKER WITH RAIL
GRIND BOX
LEDGES
CUSTOM RAILS
Page 121 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
30 40 50 60
SNAKE LADDERS
ROCK SLALOM
ROLLABLE SENDERS
BIKE TUNNELS
HAMMOCKS
SPLIT DECISIONS
A-FRAME
PODIUM BOX
TEETER TOTTERS
PUMP TRACK
ROLLERS
JUMP LINES
FLOW LINES
SKINNY LADDERS
DROPS
0 10 20
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Community Meeting #1 Survey -Question #17
Question #17:
What are the top five features you would like to see in the bike skills course area?
(1)Pump Track
(2)Rollers
(3)Jump Lines
(4)Flow Lines
(5)Snake Ladders
Page 122 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
40 50 60 70 80
CLIMBING STRUCTURES
SWINGS
ZIPLINE
CLIMBING WALL
MONKEY BARS
LEARNING WALLS
CAROUSELS/SPINNERS
MUSICAL FEATURES
ROCKERS
0 10 20 30
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Community Meeting #1 Survey -Question #18
Question #18:
What are the top five features you would like to see in the playground?
(1)Climbing Structure
(2)Swings
(3)Zipline
(4) Climbing Wall
(5)Monkey Bars
Page 123 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Park Design ThemePage 124 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Stormwater Channel &
Basins
1 Bike Park
Park Master Plan
N02550100
LEGEND:
PARK MASTER PLAN
9 Perimeter Trail
5
13
14
15
1
2 3 6
45 7
138
1211
14
10
5
9
9
Stormwater Channel
Apartments
Path
Connection
To 4th
Avenue
American Legion
Post 434
(Not Part of Grant)
Menzel Field
(Not Part of Grant)
Existing Ball
Field
(To Remain)
Casa
Casillas
Existing Tennis
Courts
(To Remain)
Existing
Basketball Court
(To Remain)
Existing Picnic Area
(To Remain)
Apartments
C Street
5thAvenue4thAvenue15
15 16
2 Skate Park
3 Small Dog Park
4 Large Dog Park
6 Pickleball Courts (4)
Additional Parking Lot
(13 New Spaces)
8 ADA Ramp
Fitness Equipment10
Showers & Changing
Station11
7
12 Interactive Water Feature
Lit Artificial Turf Field
(7vs7 165’x105’)
New Playground &
Surfacing
New Channel Fencing
Park Monument Sign16
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Page 125 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Circulation Plan
N02550100CIRCULATIONPLAN
LEGEND:
Primary Circulation
Secondary Circulation
Existing Circulation
Page 126 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Lighting Plan
N02550100LIGHTINGPLAN
Park Lighting
LEGEND:
Page 127 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Skate Plaza &Bike Park Design Concept -Overall RenderingPage 128 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Skate Plaza &Bike Park Design Concept -Detail RenderingsPage 129 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Conceptual Plan View Of The Interactive Water FeaturePage 130 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Conceptual Renderings Of The Interactive Water FeaturePage 131 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Conceptual Sign &Fence Improvements At C Street &4th AvenuePage 132 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park Renovations |City Council Presentation -6/6/2023 Funding for Eucalyptus Park RenovationPage 133 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Eucalyptus Park
Renovations
Recommendation:
Adopt the proposed
Master Plan and
associated funding
to construct the
proposed
improvements
Page 134 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
v . 0 03 P a g e | 1
June 6, 2023
ITEM TITLE
Easement: Order the Summary Vacation of a Portion of a Public Service Easement Within the Otay River
Business Park Specific Plan.
Report Number: 23-0145
Location: 2855 Faivre Street
Department: Development Services
Environmental Notice: The Project was adequately covered in a previously adopted Mitigated Negative
Declaration (“MND”) and Mitigation Monitoring and Reporting Program (“MMRP”) (IS15-0005/MPA15-
0022; SCH #2017111012; adopted by Ordinance No. 3421 on March 13, 2018) for the Otay River Business
Park (“ORBP”) Specific Plan.
Recommended Action
Adopt a resolution ordering the summary vacation of a portion of a public service easement reserved by the
County of San Diego within Parcel 1 of Certificate of Compliance “ER484” of the Otay River Business Park
Specific Plan.
SUMMARY
Otay River Business Park Development, LLC, is constructing an industrial building and associated parking
within a vacant parcel located south of the intersection of Faivre Street and 7 th Street and has requested the
vacation of a portion of an existing 66-foot-wide easement (“public service easement”) within the project site
to accommodate the proposed building (Attachment 1). Said easement was reserved by the County of San
Diego for possible public utility purposes, with the City of Chula Vista as a successor in interest, by resolution
as Document No. 81-154859, recorded on May 19, 1981. In accordance with Streets and Highways Code
Division 9, Part 3, Chapter 4, Sections 8333 and 8335, this type of vacation may be performed summarily
through adoption of a resolution.
ENVIRONMENTAL REVIEW
The Director of Development Services has reviewed the proposed Project for compliance with the California
Environmental Quality Act (“CEQA”) and determined that the Project was adequately covered in the
Page 135 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 2
previously approved MND and MMRP (IS15-0005/MPA15-0022; SCH #2017111012) for the ORBP Specific
Plan, adopted by the City Council on March 13, 2018. Therefore, no further environmental review is required.
BOARD/COMMISSION/COMMITTEE RECOMMENDATION
Not applicable.
DISCUSSION
On May 19, 1981, a public service easement for possible utility purposes was reserved by the County of San
Diego with the City of Chula Vista as successor agency by resolution recorded as Document No. 81-154859
(Attachment 2). On January 23, 2020, San Diego Gas & Electric Company (“SDG&E”) quitclaimed their interest
in this portion of the public service easement per Document No. 2020-0036948 (Attachment 3). On July 26,
2021, Otay River Business Park Development, LLC consolidated Lots 10 and 11 of Map No. 16399 as Parcel
1 of Certificate of Compliance (“COC”) No. ER484, per Document No. 2021-0530386.
On September 14, 2022, the City approved Design Review Application, DR21-0009, for the Otay River
Business Park to construct a new industrial building and associated parking over Parcel 1 of COC No. ER484,
triggering the requirement to vacate the existing public service easement on Parcel 1. Currently, Parcel 1 is
vacant, and the location of the existing public service easement has never been used as there are no existing
facilities located within this portion of the easement area.
With this proposed action, the City will vacate that portion of the existing public service easement within
Parcel 1, in accordance with the Streets and Highways Code Division 9, Part 3, Chapter 4, Sections 8333(a)
and 8335. This type of summary vacation may be performed by the local agency if the easement has not been
used for the purpose for which it was dedicated or acquired for five consecutive years immediately preceding
the proposed vacation, through adoption of a resolution by the City Council and recordation of a certified
copy of the resolution attested to by the City Clerk.
DECISION-MAKER CONFLICT
Staff has reviewed the property holdings of the City Council members and has found no property holdings
within 1,000 feet of the boundaries of the property which is the subject of this action. Consequently, this item
does not present a disqualifying real property-related financial conflict of interest under California Code of
Regulations Title 2, Section 18702.2(a)(7) or (8), for purposes of the Political Reform Act (Cal. Gov’t Code
§87100, et seq.).
Staff is not independently aware and has not been informed by any City Council member, of any other fact
that may constitute a basis for a decision-maker conflict of interest in this matter.
CURRENT-YEAR FISCAL IMPACT
There are no current year fiscal impacts to the General Fund or Development Services Fund as a result of this
action. All costs are borne by the developer, Otay River Business Park Development, LLC.
Page 136 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
P a g e | 3
ONGOING FISCAL IMPACT
There are no ongoing fiscal impacts to the General Fund or Development Services Fund as a result of this
action.
ATTACHMENTS
Attachment 1: Easement Vacation Exhibit
Attachment 2: Reserve Easement Resolution Vac. 80-39, dated May 13, 1981
Attachment 3: SDG&E Quitclaim Easement, dated January 23, 2020
Staff Contact: Laura C. Black AICP, Director, Development Services Department
Charisse Phillips, Associate Engineer, Development Services Department
Page 137 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
RESOLUTION NO. __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA ORDERING THE SUMMARY VACATION OF
A PORTION OF A PUBLIC SERVICE EASEMENT RESERVED
BY THE COUNTY OF SAN DIEGO WITHIN PARCEL 1 OF
CERTIFICATE OF COMPLIANCE ER484 OF OTAY RIVER
BUSINESS PARK
WHEREAS, on May 19, 1981, a 66-foot-wide easement (the “Public Service Easement”)
was reserved by the County of San Diego for possible public utility purposes, with the City of
Chula Vista as successor agency per Document No. 81-154859, filed in the Office of the County
Recorder of San Diego County on May 19, 1981; and
WHEREAS, on January 23, 2020, San Diego Gas & Electric Company quitclaimed their
interest in this portion of the Public Service Easement per Document No. 2020-0036948, filed in
the Office of the County Recorder of San Diego County; and
WHEREAS, on July 26, 2021, Otay River Business Park Development, LLC consolidated
Lots 10 and 11 of Map No. 16399 as Parcel 1 of Certificate of Compliance (“COC”) No. ER484
per Document No. 2021-0530386, filed in the Office of the County Recorder of San Diego County;
and
WHEREAS, on September 14, 2022, the City approved Design Review Application,
DR21-0009, for the Otay River Business Park Specific Plan to construct a new industrial building
and associated parking over Parcel 1 of COC No. ER484, which triggered the requirement to
vacate the existing Public Service Easement on Parcel 1; and
WHEREAS, the portion of the Public Service Easement on Parcel 1 has not been used for
public utility purposes for at least five (5) consecutive years immediately before the date of this
Resolution, and no public utilities are known ever to have been installed in th e Public Service
Easement area on Parcel 1; and
WHEREAS, in accordance with Division 9, Part 3, Chapter 4, Sections 8333 and 8335 of
the California Streets and Highways Code, this type of summary vacation of a public service
easement may be performed through adoption of a resolution of vacation by the City Council and
recordation of a certified copy of the resolution attested to by the City Clerk; and
WHEREAS, City staff recommends approval of the vacation of the Public Service
Easement on Parcel 1.
Page 138 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby finds and orders
as follows:
(1) This vacation of the Public Service Easement on Parcel 1 is made pursuant to Sections
8333 and 8335 of the California Streets and Highways Code.
(2) The portion of the Public Service Easement on Parcel 1 and a precise description of
such Easement vacated by this Resolution is found at Exhibit A attached hereto.
(3) The Public Service Easement on Parcel 1 vacated by this Resolution has not been used
for public utility purposes for at least five (5) consecutive years immediately before the
date of this Resolution, and no public utilities are known ever to have been installed in the
Public Service Easement area on Parcel 1.
(4) That from and after the date this Resolution is recorded, the Public Service Easement
on Parcel 1 that is vacated no longer constitutes a public service easement and the vacation
is complete.
BE IT FURTHER RESOLVED that the City Council directs the City Clerk to cause a
certified copy of the resolution of vacation, attested by the Clerk, without acknowledgement or
further proof, to be recorded in the Office of the County Recorder of San Diego County. From
and after the date this resolution is recorded, the vacation is complete.
Presented by: Approved as to form by:
By:
Laura C. Black, AICP Jill D.S. Maland
Director of Development Services Lounsbery Ferguson Altona & Peak
Acting City Attorney
Page 139 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Resolution No.
Page 3
EXHIBIT A
Page 140 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 141 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 142 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 143 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 144 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 145 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 146 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Otay River Business Park
Vacation of a Portion of a
Public Service Easement
June 6, 2023
1
City Council Meeting
Item 7.2
Page 147 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
PROJECT LOCATION Page 148 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
VACATION OF EASEMENT
PORTION OF 66’
WIDE PUBLIC
SERVICE EASEMENT
Faivre Street
PROPOSED BUILDING
Page 149 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
RECOMMENDATION
Adopt the Resolution ordering the
summary vacation of a portion of
public service easement within the
Otay River Business Park.
Page 150 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 151 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 152 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 153 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 154 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 155 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda
Page 156 of 156
City of Chula Vista City Council
June 06, 2023 Post Agenda