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02-04-20 Agenda Packet Steve Vaus Caylin Frank D ave G rosch B arry Leonard John Mullin Mayor Deputy M ayor Councilm em ber Councilm em ber Councilmember Thank you for participating in your local government and the City of Poway council meetings. Meetings | Regular City Council meetings are held on the first and third Tuesday of the month at 7:00 p.m. Public Meeting Access | Regular City Council meetings are broadcast live on Cox Channel 24 and Spectrum Channel 19. Council meeting videos are archived and available for viewing on the City’s website at www.poway.org/councilmeetings. Agenda Materials | This agenda contains a brief summary of each item the Council will consider. The Agenda and Agenda Packet is posted seven (7) days prior to regular City Council meetings and are available for viewing on the City’s website at www.poway.org or in the City Clerk’s office of City Hall, 13325 Civic Center Drive. Sign up at www.poway.org to receive email notifications when City Council agendas are published online. Items listed on the agenda with a “#” symbol are in preparation. Speakers | Persons wishing to address the Council on matters not on the agenda may do so under Public Comment. Those wishing to speak on items on the agenda may do so when the item is being considered. Please submit your Comment Card to the City Clerk prior to the meeting or the announcement of the item. You may speak up to three (3) minutes. The Mayor may reduce this time if there are a large number of speakers. American Disabilities Act Title II | In compliance with the Americans with Disabilities Act of 1990, persons with a disability may request an agenda in appropriate alternative formats as required by Title II. Any person with a disability who requires a modification or accommodation in order to participate in a meeting should direct such request to the City Clerk’s office 858.668.4530 at least 24 hours prior to the meeting. Reminder | As a courtesy to all attendees, please silence all electronic devices and engage in conversations outside the Council Chamber. The City Council also sits as the City of Poway Planning Commission, Poway Housing Authority, Public Financing Authority and Successor Agency to the Poway Redevelopment Agency February 4, 2020 | 7 p.m. CALL TO ORDER: ROLL CALL: PLEDGE OF ALLEGIANCE: MOMENT OF SILENCE: PRESENTATION: PUBLIC COMMENT: In accordance with State law, an item not scheduled on the agenda may be brought forward by the general public for comment; however, the City Council will not be able to discuss or take action on any issue not included on the agenda. You may speak up to three (3) minutes. Speakers have one opportunity to address the Council under Public Comment. CONSENT CALENDAR: The Consent Calendar may be enacted in one motion by the Council with a Roll Call Vote without discussion unless a Councilmember, a member of the public, or City Manager requests that an item be removed for discussion. WAIVER OF ORDINANCE TEXT READING: This is a motion to waive the reading of the text of all ordinances and resolutions at this meeting. 1. Ratification of Warrant Registers for the Periods of December 23, 2019 through December 27, 2019; and December 30, 2019 through January 3, 2020 2. Approval of the January 7, 2020 Regular City Council Meeting Minutes 3. City’s Investment Report as of December 31, 2019 ORDINANCES FOR INTRODUCTION: 4. First Reading of Ordinance Amending Poway Municipal Code Section 5.02.080 of Chapter 5.02 (Business Certificates) City Manager’s Recommendation: It is recommended that the City Council introduce the Ordinance for first reading by title only, waive further reading, schedule the adoption of the Ordinance for February 18, 2020 and approve the Resolution. ORDINANCES FOR ADOPTION: None. PUBLIC HEARINGS: 5. Conduit Financing for the Poway Commons Apartments Affordable Housing Project City Manager’s Recommendation: It is recommended that the City Council take public input, close the public hearing and adopt the Resolution. February 4, 2020, Item #1 AGENDA RE PO RT City of Poway DATE: TO: FROM: CONTACT: February 4, 2020 Honorable Mayor and Members of the City Council Aaron Beanan, Director of Finance k:) Stacey Tang, Finance Manager ~ (858) 668-4426 or stang@poway.org CITY COUNCIL SUBJECT: Ratification of Warrant Registers for the Periods of December 23, 2019 through December 27, 2019; and December 30, 2019 through January 3, 2020 Summary: The attached warrant register reports for the periods of December 23, 2019 through December 27, 2019; and December 30, 2019 through January 3, 2020, are submitted to the City Council for ratification/a pprova I. Recommended Action: It is recommended that the City Council ratify/approve the attached warrant registers. Discussion: Weekly registers of audited demands are periodically submitted to the City Council by the Director of Finance for ratification/approval. Date December 23, 2019 through December 27, 2019 Amount $511,214.41 Warrants for amounts in excess of $100,000 for this period include: Warrant i Payroll 12/20/19, Withholding i Payroll 12/20/19, Retirement Date December 30, 2019 through January 3, 2020 1 of 18 Check Number ! 905398 ! 905402 Amount $14,903,402.45 Amount i $ 149,348.60 i $ 145,005.25 February 4, 2020, Item #1 Warrants for amounts in excess of $100,000 for this period include: Warrant Check Numb er Amount Octob er 2019 Law Enforcem ent Se rvi ces 408869 $1 ,111,9 27 .6 3 November 2019 Water Purchase s 408870 $ 993,371 .93 Fannie Mae Investment Purchase 905404 $1,896,654.36 Federal Home Loan Investment Purchase 905405 $ 995 ,585.50 Payroll 1 /3/20 905406 $ 522,935 .17 Local Agency Investment Fund Deposit 905422 $9,000,000.00 Environmental Review: This action is not subject to review under the California Environmental Quality Act (CEQA). Fiscal Impact: The total amount of wa r rants for the period of December 23, 2019 through December 27 , 2019 is $5 11,2 14.41 . The total amount of warrants for the period of December 30, 2019 through January 3, 2 020 is $14,903,40 2.45 . Public Notification: None. Attachments: A. War r ant regis t er for t he peri od of December 23, 2019 through December 27, 2019 B. Warran t register for t he period of December 30 , 2019 t hrough January 3, 2020 Reviewed/ Approved By: W~~aserman Assistant City Manager 2 of 18 Reviewed By : Alan Fenstermacher City Attorney Approved By : Ch ~ City Manager February 4, 2020, Item #1<O The City of Poway Director of Finance Submits the Following Register of Demands Run Date: 14-Jan-20 for the period 12/23/2019 -12/27/2019 and Recommends its Ratification/Approval: "' -w 0 Check Check Payee/ ""ft ...a. Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount 00 408725 24-Dec-19 999997 ABUJABER, ISMAT F 43218300-43(2) Closing Bal Refund: Overpay #43218300-43 F5100 81020 $177.15 408727 24-Dec-19 196 AIRGAS USA, LLC 9096085260 Pool Carbon Dioxide 203020 45200 $173.24 408728 24-Dec-19 196 AIRGAS USA, LLC 9096046539 EMS Oxygen 503050 47500 $315.37 9096093541 EMS Oxygen 503050 47500 $402.33 9096042179 First Aid Kit Supplies: City Hall 122010 47500 $39.45 9096042178 First Aid Kit Supplies: City Hall 122010 47500 $19.66 Total for Check 408728: $776.81 408722 24-Dec-19 999995 ALLEN, SHIRLEY 2014158.001 Deposit Refund Permit #22563 202020 74710 $200.00 408721 24-Dec-19 999995 ALVARADO.REYNALDA 2014160.001 Deposit Refund Permit #22472 205020 74710 $158.00 408729 24-Dec-19 545 AMERIGAS 3099711272 Fire Station 2 Propane 501050 21010 $2,279.49 408730 24-Dec-19 470 AQUA-METRIC SALES CO INV0076132 Non-Operational School Meter 402560 61999 $2,276.14 408731 24-Dec-19 835 AT&T 14012468 BAN 9391026537 11 /10/19-12/09/19 205020 33010 $60.84 l> 408732 24-Dec-19 835 AT&T 14012466 BAN 9391026535 11/10/19 -12/09/19 414040 22000 $19.72 -f -f l> 408733 24-Dec-19 835 AT&T 14012477 BAN 9391026549 11/10/19 -12/09/19 423040 22000 $21.38 n :J: 408734 24-Dec-19 835 AT&T 14012471 BAN 9391026541 11/10/19 -12/09/19 430050 22000 $21.38 3:: m 408735 24-Dec-19 835 AT&T 14012474 BAN 9391026546 11/10/19 -12/09/19 414040 22000 $21.38 z -f 408736 24-Dec-19 835 AT&T 14012476 BAN 939102654811/10/19-12/09/19 414040 22000 $21.38 l> 408737 24-Dec-19 835 AT&T 14002871 BAN 9391026542 11 /06/19 -12/05/19 423040 22000 $21.52 408738 24-Dec-19 835 AT&T 14012467 BAN 9391026536 11/10/19-12/09/19 402060 33010 $21.55 408739 24-Dec-19 835 AT&T 14014039 BAN 9391064044 11/10/19 -12/09/19 204020 33010 $22.03 408740 24-Dec-19 835 AT&T 14012713 BAN 939103163311/10/19-12/09/19 205020 33010 $41.11 408741 24-Dec-19 835 AT&T 14012475 BAN 9391026547 11/10/19 -12/09/19 400060 33010 $41.11 408742 24-Dec-19 835 AT&T 14012473 BAN 9391026545 11/10/19 -12/09/19 206020 33010 $60.84 408785 24-Dec-19 1169 BARBOSA, ANDREW HOMER MARCH 2004.201.19 Instructor Payment Fall 2019 208020 41300 $540.00 408743 24-Dec-19 453 BAY CITY EQUIPMENT INDUSTRIES, INC W218378 Coolant Level Sensor 402060 43080 $1,013.80 W218372 Unit 754 Replace Two Batteries 403070 43080 $457.94 Total for Check 408743: $1,471.74 905402 24-Dec-19 788 CALPERS PERS EFT PE2019-26 PERS EFT PE2019-26 F1000 87100 $145,005.12 PERS EFT PE2019-26 PERS EFT PE2019-26 111010 13140 $0.13 Total for Check 905402: $145,005.25 408745 24-Dec-19 68 CHICAGO TITLE COMPANY 73719013957-1 Stormwater: easement search 412040 41200 $400.00 February 4, 2020, Item #1Register of Demands: Warrants from 12/23/2019 -12/27/2019 Page: 2 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount ~ 408746 24-Dec-19 1479 CIRO'S LANDSCAPING INC. 12557 Landscape Maintenance 204020 41600 $309.35 0 12557 Landscape Maintenance 206020 41600 $464.08 """' ...a. 00 12557 Landscape Maintenance 402060 41600 $356.61 12557 Landscape Maintenance 414040 41600 $1,624.21 12557 Landscape Maintenance 501050 41600 $1,417.24 12557 Landscape Maintenance 504050 41600 $309.35 Total for Check 408746: $4,480.84 408747 24-Dec-19 847 CORODATA MEDIA STORAGE INC. DS1290861 Backup Data Storage: Nov 2019 113010 41200 $163.02 408748 24-Dec-19 286 COSTCO WHOLESALE 7751027726 FY20 Xmas Supplies 205020 47600 $66.97 775128768 FY20 Xmas Supplies 205020 47600 $10.13 Total for Check 4087 48: $77.10 408749 24-Dec-19 94 COX COMMUNICATIONS 128803201-1119 Kumeyaay Internet Line -11 /19 207020 33010 $80.98 408750 24-Dec-19 380 CWEA Fried,C.2020 Chad Fried Membership 2/29/20-2/28/21 403570 49240 $192.00 408751 24-Dec-19 904 D'AGOSTINO, SARAH 2200.200.19 Instructor Payment Fall 2019 208020 41300 $720.00 408752 24-Dec-19 1021 DANCE TO EVOLVE INC 1702.200-28.19 Instructor Payment Fall 2019 208020 41300 $5,366.40 408753 24-Dec-19 60 DEPARTMENT OF FISH AND WILDLIFE Fish Import 01/15/20 Fish Importation Fee -01/15/20 202020 57300 $53.75 Fish Import 01/29/20 Fish Importation Fee -01/29/20 202020 57300 $53.75 Fish Import 02/12/20 Fish Importation Fee -02/12/20 202020 57300 $53.75 Fish Import 02/26/20 Fish Importation Fee -02/26/20 202020 57300 $53.75 Fish Import 03/25/20 Fish Importation Fee -03/25/20 202020 57300 $53.75 Total for Check 408753: $268.75 408754 24-Dec-19 627 DEPARTMENT OF JUSTICE 421331 Fingerprinting: November 2019 121010 49340 $109.00 905400 23-Dec-19 942 DEPT. OF CHILD SUPPORT SERVICES CLO WH PE2019-26 Payroll Garnishment F1000 86150 $2,234.74 408755 24-Dec-19 363 DION INTERNATIONAL 02SMW3517 Unit 928 -Red Fleet -Engine Repair 413010 43120 $1,650.01 408756 24-Dec-19 1493 DISCOVERY BENEFITS INC. 0001053236-1 N Cobra & FSA Monthly: August 2019 F1000 87399 $435.00 408744 24-Dec-19 1481 DONOVAN, CHARLENE MAGEE 1500.202-05.19 Instructor Payment Fall 2019 208020 41300 $1,658.40 905399 23-Dec-19 97 EMPLOYMENT DEVELOPMENT CAL WH PE2019-26 CAL W/H EFT PE2019-26 F1000 86170 $48,082.37 DEPARTMENT 905401 23-Dec-19 2058 EMPLOYMENT DEVELOPMENT PPE 12/15/19 Payroll Garnishment F1000 86150 $147.30 DEPARTMENT 408757 24-Dec-19 465 EVOQUA WATER TECHNOLOGIES LLC 904272038 Liquid Odor Control 403070 45200 $2,714.62 408758 24-Dec-19 27 FLEET PRIDE/ASSOCIATED TRUCK 41589301 Unit 921 -Red Fleet -Base Mount Kit 413010 47900 $40.08 PARTS 41982183 Unit 921 -Red Fleet-Clevis Kit 413010 47900 $224.12 Total for Check 408758: $264.20 February 4, 2020, Item #1Register of Demands: Warrants from 12/23/2019 -12/27/2019 Page: 3 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount u, 408759 24-Dec-19 957 GARDA CL WEST INC. 20407930 Armored Car Service: Excess Items Nov 2019 114010 41200 $213.00 0 408760 24-Dec-19 120 GRAINGER INC 9388205388 Dock Supplies 202020 47600 $5.49 .... ..a. 00 9387153860 Handle Assembly 415010 47600 $127.68 Total for Check 408760: $133.17 408761 24-Dec-19 566 HACH COMPANY 11756474 Chemical Reagents, Chemkeys 402060 47600 $1,189.56 408762 24-Dec-19 123 HARRINGTON INDUSTRIAL PLASTICS INC 004K1857 WTP Chemical Feed, PVC Piping and Fittings 402060 43080 $134.24 004K1947 PVC Piping 402060 43080 $99.57 Total for Check 408762: $233.81 408763 24-Dec-19 146 HINDERLITER, DELLAMAS & ASSOCIATES 0032696_1N Sales Tax Consultant & Audit Services 4th Qtr 111010 17999 $900.00 2019 0032696-IN Sales Tax Consultant & Audit Services 4th Qtr 111010 71310 $5,123.87 2019 Total for Check 408763: $6,023.87 408764 24-Dec-19 152 HOME DEPOT COMMERCIAL ACCOUNT 7340274 PCPA-Operating Supplies for Stage 204020 47600 $192.02 6360142 Dock Supplies 202020 47600 $66.69 6370432 Dock Supplies 202020 47600 $128.24 9350430 Distribution Truck Stock 403570 45600 $32.26 1340328 Fertilizer 206020 41600 $58.14 1350389 Grinding Wheel 411040 47600 $110.86 Total for Check 408764: $588.21 408765 24-Dec-19 750 JCI JONES CHEMICALS, INC. 808763 Liquid Chlorine, 12/17/19, 10,000 lbs. 402060 45200 $2,950.00 408766 24-Dec-19 1011 KRONOS INC. 11532867 Telestaff -scheduling 501050 33010 $122.55 408714 24-Dec-19 999998 LATOUR, ANDREW 12/19 -LaTour FY20 Boot Allowance: La Tour (per updated 112010 49280 $50.00 MOU) 408767 24-Dec-19 391 LIFE-ASSIST, INC. 961221 Medical Supplies 503050 47400 $182.08 961216 Medical Supplies 503050 47400 $363.98 961887 Medical Supplies 503050 47400 $3,552.82 961956 Medical Supplies 503050 47400 $148.70 Total for Check 408767: $4,247.58 408715 24-Dec-19 999998 LOPERENA,ANDY 12/19 -Loperena Tuition Reimb: Am. Govt & English Comp. 121010 14040 $1,380.00 408796 24-Dec-19 1771 LOS ANGELES TRUCK CENTERS, LLC XA290052655:01 Unit 921 -Red Fleet -Filter Insert Kit 413010 47900 $130.96 408768 24-Dec-19 2132 M.A.S.S.H. INC 20509 Work Order #2259 -Water 402060 47900 EM001 $564.00 20448 Work Order #2259 -Water 402060 47900 EM001 $3,384.00 Total for Check 408768: $3,948.00 February 4, 2020, Item #1Register of Demands: Warrants from 12/23/2019 -12/27/2019 Page: 4 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount en 408712 24-Dec-19 999998 MCSPADDEN,MATTHEW 12/19 -Mcspadden Reimb: It Analyst Phone Replacement 113010 33011 $200.00 0 12/19 -McSpadden(2) Mileage Reimbursement 07 /09/19 -12/17 /19 113010 31010 $75.57 """' ...a. 00 Total for Check 408712: $275.57 408716 24-Dec-19 999998 MILLER, ALAN 12/19 -Miller(2) Tuition Reimb: ABPA Backflow Prevention 121010 14040 $165.00 Exam 408769 24-Dec-19 2044 NATIONWIDE MEDICAL SURGICAL INC 1054034 ALS Medications 503050 47400 $2,416.88 408770 24-Dec-19 1268 NEOPOST USA INC. 57205707 Postage Machine Maintenance 114010 43080 $1,199.93 408771 24-Dec-19 182 NEW WEST BALLET INC. 1358 PCPA Final Event Report 11/29/19 F1000 86350 $29,546.90 1358 PCPA Final Event Report 11/29/19 204020 76230 ($420.00) 1358 PCPA Final Event Report 11/29/19 204020 76320 ($6,045.00) 1358 PCPA Final Event Report 11/29/19 204020 76230 ($1,295.00) 1358 PCPA Final Event Report 11/29/19 204020 74710 ($7,945.00) 1358 PCPA Final Event Report 11/29/19 204020 76230 ($2,775.50) Total for Check 408771: $11,066.40 408772 24-Dec-19 84 OFFICE DEPOT BUSINESS SERVICES 418223548-001 OPP Office & Janitorial Supplies 205020 47100 $75.40 DIVISION 418223548-001 OPP Office & Janitorial Supplies 205020 47200 $53.30 418604350-001 Office supplies 413010 47100 $56.41 Total for Check 408772: $185.11 408724 24-Dec-19 999988 ONE-TIME SENIOR VOLUNTEER PATROL Shade 12-12-19 Items for Y ANA Baskets 80007795 P7790 $87.66 408773 24-Dec-19 194 PARKHOUSE TIRE INC 3010308487 Unit 3 -Tires 413010 47900 $274.94 408774 24-Dec-19 195 PARKWAY BUSINESS CENTRE 410-110-CU 01/01/20 Assessment Fees 105 and 11 O 414040 57300 $725.00 410-110-CU 01/01/20 Assessment Fees 105 and 110 410060 57300 $1,114.00 Total for Check 408774: $1,839.00 408775 24-Dec-19 220 PETTY CASH GENERAL 12/17/19 (CSD) Reimburse General Petty Cash 12/17/19 200020 47100 $13.46 12/17/19 (CSD) Reimburse General Petty Cash 12/17 /19 F1000 80071 $40.00 12/17/19 (CMO) Reimburse General Petty Cash 12/17/19 100010 14010 $9.69 12/17/19 (HR) Reimburse General Petty Cash 12/17 /19 121010 49340 $24.52 12/17/19 (HR) Reimburse General Petty Cash 12/17/19 121010 76170 $85.99 Total for Check 408775: $173.66 408776 24-Dec-19 265 POWAY FIREFIGHTERS ASSOCIATION DUES PPE 12/15/19 Fire Association dues for PPE 12/15/19 F1000 86100 $2,477.20 408777 24-Dec-19 274 POWAY SENIOR CENTER 1050 Request for Support Under Council Agreement 200020 41200 $16,525.58 408778 24-Dec-19 1058 R & B PINTO PROPERTIES LLC LKCONC 12/09-12/15 Wkly Lk Cone 12/09/19-12/15/19 F1000 86360 $3,158.85 408779 24-Dec-19 1669 RELIANT AQUARIUM DESIGN INC. 26456 Library Aquarium Maintenance 206020 43040 $65.00 February 4, 2020, Item #1Register of Demands: Warrants from 12/23/2019 -12/27/2019 Page: 5 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount ..... 408779 24-Dec-19 1669 RELIANT AQUARIUM DESIGN INC. 26482 Library Aquarium Maintenance 206020 43040 $88.69 0 Total for Check 408779: $153.69 .... -00 408780 24-Dec-19 358 ROADONE A752774 Bronto Move 412040 41200 $360.00 408717 24-Dec-19 999998 RODRIGUEZ, MARK 12/19 -Rodriguez Paramedic renewal license fee 503050 31040 $200.00 408723 24-Dec-19 999999 ROTISSERIE AFFAIR ERC 2019 Catering: 2019 Winter Holiday Luncheon 121010 14030 $2,443.77 408781 24-Dec-19 230 RUTAN AND TUCKER 854885 012782-0005 Professional Svc through 102010 17010 $12,652.34 11/30/19 854886 012782-0011 Professional Svc through 102010 17010 $184.00 11/30/19 854888 012782-0019 Professional Svc through 102010 17010 $736.00 11/30/19 854889 012782-0023 Professional Svc through 80001001 P1000 $204.40 11/30/19 854890 012782-0027 Professional Svc through 102010 17020 $2,372.00 11/30/19 854891 012782-0029 Professional Svc through 102010 17010 $1,081.00 11/30/19 Total for Check 408781: $17,229.74 408782 24-Dec-19 221 SAN DIEGO GAS & ELECTRIC 59531914804-12/19 13053 Poway Road 11/10/19-12/10/19 104030 41200 $61.00 96907731131-12/19 18775 1/2 Heritage Dr, 11/10/19-12/10/19, 403070 21060 $102.54 405 kWh 84321647992-12/19 177101/2 Old Coach, 11/10/19-12/10/19, 403070 21055 $1,153.86 6,778 kWh 94601424467-12/19 17749 St. Andrews, 11/10/19-12/10/19, 403070 21053 $488.89 2,151 kWh 82015538790-12/19 13621 Gregg St, 11/10/19-12/10/19, 5,303 kWh 405060 21058 $818.74 48321383007-12/19 12910 Camino Del Valle,11/10/19-12/10/19, 403070 21042 $2,279.69 13,888 kWh 25816724085-12/19 13552 Highlands Rnch Rd, 11/10/19-12/10/19, 403070 21048 $103.21 407kWh 25808266178-12/19 14445 Lake Poway Rd 11/10/19-12/10/19, 402060 21056 $4,502.64 29,684 kWh 25808256922-12/19 14445 Lake Poway Rd, 11/10/19-12/10/19, 410060 21010 $1,620.68 4,659 kWh 32222332511-12/19 14560 Lake Poway Rd 11/10/19-12/10/19 202020 21010 $357.19 99580161733-12/19 14135 Midland Rd 11 /12/19-12/12/19 205020 21010 $65.90 59971687019-12/19 14114 Midland Rd 11/12/19-12/12/19 205020 21010 $213.34 23194668909-12/19 12325 Crosthwaite Circle 11/10/19-12/10/19 410060 21010 $127.95 82058271564-12/19 14467 Lake Poway Road 11/10/19-12/10/19 400060 21010 $1,417.22 93224921321-12/19 14103 1 /2 Stowe Drive 11/10/19-12/10/19 420140 21010 $11.43 93262241491-12/19 12670 1/2 Pomerado Road 11/11/19-12/11/19 430050 21020 $54.56 February 4, 2020, Item #1Register of Demands: Warrants from 12/23/2019 -12/27/2019 Page: 6 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount 00 408782 24-Dec-19 221 SAN DIEGO GAS & ELECTRIC 51260647432-12/19 13966 Rock Creek Road 11/10/19 -12/10/19 423040 21010 $10.40 0 12490 1/2 Old Pomerado Rd . .... 48262466316-12/19 414040 21010 $98.98 ..a. 11/11/19-12/11/19 00 3732576307 4-12/19 12207 Old Pomerado Road 11/10/19 -12/10/19 414040 21010 $23.47 48301450768-12/19 14283 Silver Ridge Road 11/10/19 -12/10/19 414040 21010 $11.22 48731411075-12/19 12900 Twin Peaks Road 11/12/19 -12/12/19 414040 21010 $11.43 712609287 49-12/19 15003 1/2 Pomerado Road 11/12/19 -12/12/19 414040 21010 $10.00 Total for Check 408782: $13,544.34 408783 24-Dec-19 1622 SASE COMPANY, INC INV233951 Ring, Drum 413010 47900 $94.40 408784 24-Dec-19 829 SC COMMERCIAL, LLC 0739521-IN Oil for vehicles 413010 47900 $823.31 408718 24-Dec-19 999998 SEGOVIA, CHRISTIAN 12/19 -Segovia(2) FY20 Boot Allowance: Segovia Contractual 411040 49280 $50.00 increase 408713 24-Dec-19 999998 SEGOVIA, CHRISTIAN 12/19 -Segovia(3) Tuition Reimb: Oceanography 121010 14040 $142.00 12/19 -Segovia(4) Tuition Reimb: Principles of the Humanities 121010 14040 $138.00 Total for Check 408713: $280.00 408726 24-Dec-19 999997 SOL TYSIAK, JAMES 36933000-35 Closing Bal Refund: Deposit #36933000-35 F5100 86620 $675.00 36933000-35 Closing Bal Refund: Deposit #36933000-35 F5100 81020 ($78.14) Total for Check 408726: $596.86 408786 24-Dec-19 776 SOUTH COAST EMERGENCY VEHICLE 497032 Unit 925 -Red Fleet -Seat Cushion, Door Arm 413010 47900 $1,050.95 SERVICE Unit 925 -Red Fleet -Tiller :Power Module 497037 Repair 413010 43120 $1,645.88 Total for Check 408786: $2,696.83 408787 24-Dec-19 1988 SOUTHERN CALIFORNIA FLEET ES895027 Red Fleet-Unit 924 Repair 413010 43120 $231.85 SERVICES, INC 408719 24-Dec-19 999998 TOWNE, MICHAEL 12/19 -Towne FY20 Boot Allowance: Towne Contractual 414040 49280 $50.00 increase 408792 24-Dec-19 1566 U.S. BANK CORPORATE PAYMENT SVC -7016-12/19 Finance/HR CalCard Dec 2019 F1000 86020 $4,480.44 FINANCE 408788 24-Dec-19 897 U.S. BANK CORPORATE PAYMENT 0510-12/19 CSD CalCard Dec 2019 F1000 86020 $14,401.35 SYSTEM-CS 408793 24-Dec-19 2107 U.S. BANK CORPORATE PAYMENT 6264-12/19 DSD CalCard Dec 2019 F1000 86020 $386.41 SYSTEM-DSD 408791 24-Dec-19 1513 U.S. BANK CORPORATE PAYMENT 2521-12/19 CMO/City Clerk CalCard Dec 2019 F1000 86020 $3,159.24 SYSTEM-LG 408790 24-Dec-19 1512 U.S. BANK CORPORATE PAYMENT 6896-12/19 PW CalCard Dec 2019 F1000 86020 $3,554.89 SYSTEM-PW 408789 24-Dec-19 1511 U.S. BANK CORPORATE PAYMENT 9376-12/19 Fire CalCard Dec 2019 F1000 86020 $6,812.12 SYSTEM-SS February 4, 2020, Item #1Register of Demands: Warrants from 12/23/2019 -12/27/2019 Page: 7 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount \0 905398 23-Dec-19 941 U.S. DEPT. OF THE TREASURY FED WH PE2019-26 FED W/H EFT PE2019-26 F1000 86180 $29,870.60 0 -II ...a. FED WH PE2019-26 FED W/H EFT PE2019-26 F1000 86160 $119,478.00 00 Total for Check 905398: $149,348.60 408794 24-Dec-19 1580 UNIFIRST CORPORATION 361 0094020 Fire Station 3: mats/towels 501050 49280 $43.51 361 0094018 Fire Station 1: mats/towels 501050 49280 $29.88 361 0094019 Fire Station 2: mats/towels 501050 49280 $21.89 361 0094174 Uniforms Weekly Rental Fee 405060 49280 $5.44 361 0094175 Uniforms Weekly Rental Fee 403570 49280 $31.60 361 0094177 Uniforms Weekly Rental Fee 402560 49280 $32.45 361 0094178 Uniforms and Mats Weekly Rental Fee 415010 41200 $8.54 361 0094178 Uniforms and Mats Weekly Rental Fee 402060 49280 $21.44 361 0094179 Uniforms Weekly Rental Fee 401060 49280 $24.94 361 0094173 Warehouse: mats & uniforms 415010 41200 $1.22 361 0094173 Warehouse: mats & uniforms 410060 49280 $4.14 361 0094171 Stormwater: uniforms 412040 49280 $21.78 361 0094172 Streets: uniforms 411040 49280 $36.48 361 0094176 Facilities: uniforms 415010 49280 $33.91 361 0094182 Twin Peaks Gym: mats and mops 415010 41200 $11.37 361 0094180 North Parks: uniforms 414040 49280 $26.60 361 0094184 Lake Poway Dock: mats 415010 41200 $9.89 361 0093194 South Parks: mats and uniforms 415010 41200 $32.78 361 0093194 South Parks: mats and uniforms 414040 49280 $21.64 361 0094021 South Parks: mats and uniforms 415010 41200 $32.79 361 0094021 South Parks: mats and uniforms 414040 49280 $21.63 361 0094181 Public Works: mats 415010 41200 $6.45 361 0094016 City Hall: mats 415010 41200 . $8.41 Total for Check 408794: $488.78 408795 24-Dec-19 655 UNITED SITE SERVICES 114-9588605 Portable Toilets 12/11/19 -01/07/20 202020 41200 $572.64 408720 24-Dec-19 999998 VALENZUELA, BRENT 12/19 -Valenzuela Tuition Reimbursement: Driver/Operator 1A 121010 14040 $171.00 408797 24-Dec-19 321 VERIZON WIRELESS 9844162478 Lk Ranger Cell: 11/13/19 -12/12/19 202020 33011 $33.97 408798 24-Dec-19 272 WAXIE 78777346 Station Supplies 501050 47200 $745.38 408799 24-Dec-19 540 WEST COAST ARBORISTS, INC. 154407 Tree Trimming, Removal 411040 41200 $575.64 408801 24-Dec-19 280 WESTERN MOWER AND ENGINE 73447 Mixed Fuel 414040 47600 $76.50 February 4, 2020, Item #1...a. 0 0 ..... ...a. 00 Register of Demands: Warrants from 12/23/2019 -12/27/2019 Check Check Number Date 408802 24-Dec-19 408800 24-Dec-19 408803 24-Dec-19 408804 24-Dec-19 Payee/ Vendor# -281 779 293 1573 PayeeNendor Name WESTERN PUMP WEST-MARK WOLPERT, JOSEPH ZORO TOOLS, INC. Invoice Number W17087 P102365 0001 2001.200-02.19C INV6914228 INV6918670 INV6909636 Director of Finance Approved: __ /-/2 ____ c::___ ____________ _ Date: __ 1 /2_1.....:.c._,_/-"'z'-'-a"------------Description Lift Inspection Unit 928 -Red Fleet: Storage Boxes Instructor Payment Fall 2019 Water Filter Cartridge Pilot Over-sock Boots Replacement Cartridge for QTI 1 + CR Org 413010 413010 208020 F1000 F1000 F1000 Page: 8 of 8 Object Project Check Amount 41200 $987.50 43120 $740.00 41300 $1,424.00 81350 $402.38 81350 $147.15 81350 $418.35 Total for Check 408804: $967.88 Register Total: $511,214.41 February 4, 2020, Item #1(@) The City of Poway Director of Finance Submits the Following Register of Demands Run Date: 14-Jan-20 for the period 12/30/2019 -1/3/2020 and Recommends its Ratification/Approval: "' ' ..a. ..a. 0 Check Check Payee/ """ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount ..a. 00 408812 03-Jan-20 495 ADVANCED COMMUNICATIONS VHF Radio Repair 501050 43080 $376.54 SYSTEMS 18813 408813 03-Jan-20 196 AIRGAS USA, LLC 9096485878 SCBA Tank, Breathing Air 402060 47500 $299.49 9096435184 Volvo Mower repair supplies 412040 47600 $100.69 9096435325 Volvo Mower repair supplies 412040 47600 $19.57 Total for Check 408813: $419.75 408814 03-Jan-20 834 ALPHA-NUMERIC DESIGN, INC. 1507 Recruitment File Folders 121010 47100 $99.13 1507 Recruitment File Folders 122010 47100 $24.78 Total for Check 408814: $123.91 408815 03-Jan-20 1644 AMP UNITED LLC 3029-01 Work Order #2259 Sagecrest tank clean 402060 41200 EM001 $2,200.00 408816 03-Jan-20 21 ARAMARK REFRESHMENT SERVICES 6400010 Filter Replacements 114010 47600 $179.71 1636252 Credit: Filter Replacement-Invoice #6400010 114010 47600 ($179.71) > 6299348 City Hall: Refreshment Service 114010 47600 $109.38 -I -I Total for Check 408816: $109.38 > n ARMA INTERNATIONAL $175.00 :I: 408817 03-Jan-20 22 PRO57960643 ARMA Membership FMedina 101010 49240 3:: 408818 03-Jan-20 2018 ARNETT, BRITTANIE 1608.200.19 Instructor Payment Fall 2019 208020 41300 $369.60 m z -I 408819 03-Jan-20 835 AT&T 14012470 BAN 9391026540 11/10/19-12/09/19 413010 33010 $21.38 m 408820 03-Jan-20 835 AT&T 14012479 BAN 9391026566 11/10/19-12/09/19 FS1 501050 33010 $80.74 408821 03-Jan-20 835 AT&T 14028498 BAN 9391051972 -PW Network-114010 22000 $378.32 11/13/19-12/12/19 408822 03-Jan-20 835 AT&T 14028500 BAN 9391051979 -PCPA Network-114010 22000 $441.79 11/13/19-12/12/19 408823 03-Jan-20 835 AT&T 14086701 BAN 9391026567 -Group Bill-114010 33010 $764.93 11 /24/19-12/23/19 408824 03-Jan-20 835 AT&T 14028502 BAN 9391051982-Network & CaINet3-114010 22000 $1,325.37 11/13/19-12/12/19 14028502 BAN 9391051982-Network & CaINet3-114010 33010 $1,324.51 11/13/19-12/12/19 Total for Check 408824: $2,649.88 408825 03-Jan-20 1109 ATOM ENGINEERING CONSTRUCTION 2200114-RET Poway Dam Security 80005106 P5100 $7,019.90 INC. 408826 03-Jan-20 30 AWWA CALIFORNIA-NEVADA Spring 2020 -White Spring Conference 2020 Registration: Tom 402060 14010 $499.00 White 408827 03-Jan-20 2111 BARRETO, INC. 2-2 Pace American Trailer -Parks 115010 61040 $4,795.00 408828 03-Jan-20 1118 BERNARDO HEIGHTS MIDDLE SCHOOL 1361 Credit Memo -PCPA Final Event Report F1000 86350 $6,342.00 February 4, 2020, Item #1Register of Demands: Warrants from 12/30/2019 -1/3/2020 Page: 2 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount ..a. 408828 03-Jan-20 1118 BERNARDO HEIGHTS MIDDLE SCHOOL 1361 Credit Memo -PCPA Final Event Report 204020 76230 ($51.00) N 0 1361 Credit Memo -PCPA Final Event Report 204020 76320 ($1,282.00) """' ..a. 1361 Credit Memo -PCPA Final Event Report 204020 76230 ($493.50) 00 Total for Check 408828: $4,515.50 408876 03-Jan-20 76 BLACK MOUNTAIN DANCE FOUNDATION 1360 Credit Memo -PCPA Final Event Report F1000 86350 $44,252.00 1360 Credit Memo -PCPA Final Event Report 204020 74710 $900.00 1360 Credit Memo -PCPA Final Event Report 204020 76230 ($280.00) 1360 Credit Memo -PCPA Final Event Report 204020 76320 ($6,615.00) 1360 Credit Memo -PCPA Final Event Report 204020 76230 ($1,625.00) 1360 Credit Memo -PCPA Final Event Report 204020 74710 ($9,240.00) 1360 Credit Memo -PCPA Final Event Report 204020 76230 ($3,414.50) 1360 Credit Memo -PCPA Final Event Report 204020 74710 $300.00 Total for Check 408876: $24,277.50 408829 03-Jan-20 408 BOOT WORLD INC 24803 FY20 Boot Allowance: Thompson 415010 49280 $126.05 408830 03-Jan-20 2067 C&W DIVING SERVICES, INC INV19-326 Work Order #2259 - 3 man shallow dive 402060 41200 EM001 $7,100.00 408831 03-Jan-20 916 C.A. SHORT COMPANY 1574896 Service Award Catalogs: Q1 2020 121010 45500 $19.11 905403 30-Dec-19 788 CALPERS 15902329 2020 Replacement Benefit Contribution 103010 13141 $5,195.16 15902329 2020 Replacement Benefit Contribution 400060 13141 $877.20 Total for Check 905403: $6,072.36 408832 03-Jan-20 445 CAL-STATE AUTO PARTS INC 461812 Battery Core 413010 47900 ($13.20) 149681 Unit 78A -Motor Fan Assembly 413010 47900 $251.35 Total for Check 408832: $238.15 408833 03-Jan-20 445 CAL-STATE AUTO PARTS INC 148093 Battery Core 413010 47900 $122.30 149845 Unit 78A -Relay 413010 47900 $135.99 Total for Check 408833: $258.29 408834 03-Jan-20 558 CHRISTOPHIADES, ARTHUR 2000.203-11.19 Instructor Payment Fall 2019 208020 41300 $1,848.00 408836 03-Jan-20 1023 CLINICAL LABORATORY OF SAN 972296 Wastewater Analysis December 2019 403070 17300 $134.00 BERNARDINO INC. 408837 03-Jan-20 1112 COLANTUONO, HIGHSMITH & WHATLEY, 40903 RPTTF Legal Services 17% Share -Nov 2019 310080 17011 $141.69 PC 408838 03-Jan-20 488 COUNTY OF SAN DIEGO REGIONAL 20CTOFPON06 800 MHz Network Radios & Terminals Dec 114010 43180 $8,979.34 COMMUNICATIONS SYSTEM 2019 408808 03-Jan-20 999999 CRUZ, CASSIUS 01/20 -Cruz Reimbursement of Livescan Fees 121010 49340 $29.00 408839 03-Jan-20 1712 DAVIS FARR LLP 6610 FY 2018-19 Annual Audit 110010 17030 $15,500.00 408840 03-Jan-20 112 DUDEK & ASSOCIATES INC 20199381 Bio Monitoring for Stormwater Maintenance 412040 41200 $2,037.44 February 4, 2020, Item #1Register of Demands: Warrants from 12/30/2019 -1/3/2020 Page: 3 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount ...a. 408806 03-Jan-20 999991 EASY FLOW DRAINS MDRA19-014 MDRA19-014 Partial refund of Water 30505116 76690 $1,430.00 w Connection Fee 0 ELDERHELP OF SAN DIEGO 121019 CDBG -Homeshare November 2019 80002413 P2410 $1,304.68 .... 408841 03-Jan-20 567 ...a. 00 408842 03-Jan-20 102 FEDEX 6-866-324 70 Express Shipment to ATT 80004200 P0000 $76.07 408843 03-Jan-20 1380 FLYERS ENERGY LLC CFS-2141860 Safety Services 12/1/19-12/12/19 fuel 413010 31020 $435.76 905419 03-Jan-20 1740 GE ENERGY FINANCIAL 129988-2019-11 Electricity Supplied 11 /01 /19-11 /30/19 204020 21010 $7,086.09 408844 03-Jan-20 816 GOLDFARB & LIPMAN LLP 133998 Housing As-Needed Legal Services -309030 17011 $61.00 Homebuyer Loan 133997 Housing As-Needed Legal Services -309030 17011 $370.50 November 2019 133996 Housing As-Needed Legal Services -Nov 2019 309030 17011 $199.50 Total for Check 408844: $631.00 408845 03-Jan-20 152 HOME DEPOT COMMERCIAL ACCOUNT 1340320 Work Order 235789: repair supplies 415010 47600 $48.88 2360146 Work Order 234005: repair supplies 415010 47600 $48.35 3340291 Radio R-8 Conduit and Bracket 402060 43080 $40.30 Total for Check 408845: $137.53 408835 03-Jan-20 1110 ICON ENTERPRISES, INC 194178 City Web Host & Support Annual Fee 1/1/20-113010 41200 $7,529.67 12/31/20 905420 03-Jan-20 906 INSIGHT NORTH AMERICA LLC 307M-NT Investment Advisory Svcs Nov 2019 111010 17999 $3,419.92 408805 03-Jan-20 999993 JOHSUA J. MALOWNEY & PATRIZIA G18-0004 G18-0004 Erosion Control & deposit balance 390030 59800 $2,000.00 IAVICOLI refund G18-0004 G18-0004 Erosion Control & deposit balance 391030 59800 $4,040.00 refund Total for Check 408805: $6,040.00 408846 03-Jan-20 129 JRC PRINTING LLC 39744 Business Cards: Brian Banzuelo 304030 49220 $34.48 39745 Business Cards: Melody Rocco 305030 49220 $34.48 39743 Business Cards: Thompson, K 415010 47100 $34.48 Total for Check 408846: $103.44 408847 03-Jan-20 502 KIMLEY-HORN AND ASSOCIATES, INC 15462811 Signal Controller Upgrades 80002794 P2790 $7,516.08 15462810 Speed Survey Updates -November 2019 307040 17150 $5,701.34 14475966 Traffic Engineering 430050 17150 $702.24 Total for Check 408847: $13,919.66 905422 03-Jan-20 136 LA IF 010320 LAIF LAIF Transfer 01/03/20 F1000 82010 $9,000,000.00 408848 03-Jan-20 547 LAUTZENHISER'S STATIONERY 12433 Resolutions Permanent Record Paper 101010 47100 $312.98 408849 03-Jan-20 356 LAYFIELD USA CORPORATION E08816 Work Order #2259 CW Washdown 402060 47900 EM001 $75,113.45 12-02-19-12/10/19 408850 03-Jan-20 140 LEAGUE OF CALIFORNIA CITIES LEAGCIT2020 DIR League of CA Cities PW Conference Reg: 400060 14010 $625.00 Heidemann February 4, 2020, Item #1Register of Demands: Warrants from 12/30/2019 -1/3/2020 Page: 4 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount -408851 03-Jan-20 147 LIEBERT CASSIDY WHITMORE 1489871 Professional Services Rendered Through 121010 17011 $222.00 .,:a. 11/30/19 0 Professional Services Rendered Through """ 1489872 121010 17011 $2,702.00 -11/30/19 00 Total for Check 408851: $2,924.00 408852 03-Jan-20 391 LIFE-ASSIST, INC. 961937 Medical Supplies 503050 47400 $99.13 962475 Medical Supplies 503050 47400 $1,269.96 961268 Medical Supplies 503050 47400 $851.43 Total for Check 408852: $2,220.52 408854 03-Jan-20 448 MOK PRODUCTIONS, INC 13940 18" Oval Logo Sign on Styrene 103010 49320 $70.04 408853 03-Jan-20 827 METRO POLIT AN TRANSPORTATION 4926-AR 11467 StreetSaver Annual Subscription 304030 41200 $1,500.00 COMMISSION 408855 03-Jan-20 720 MMASC FY20 Renewal Parks 2020 Membership Dues -Jessica Parks 401060 49240 $90.00 408856 03-Jan-20 1687 MUNICIPAL ALARM TRACKING 83 False Alarm Tracking -November 2019 301030 41200 $1,486.00 408857 03-Jan-20 175 NAPA AUTO PARTS/POWAY 416338 Credit -Air Brake Chamber 413010 47900 ($68.41) 417763 Unit 29 -Radiator Hose, Water Pump 413010 47900 $143.29 417907 Unit 29: Fuel Pressure Regulator, Motor Tune-413010 47900 $106.80 Up 417275 Stock -Oil Filter, Lamp 413010 47900 $18.91 417276 Stock -Oil Filters 413010 47900 $34.34 417708 Unit 19A -Transmission Filter 413010 47900 $31.76 Total for Check 408857: $266.69 408858 03-Jan-20 84 OFFICE DEPOT BUSINESS SERVICES 398972343-001 Office Supplies 111010 47100 $12.26 DIVISION 403564916-001 Office Supplies 111010 47100 $121.90 403564916-001 Office Supplies 110010 47100 $4.51 418526622-001 Office Supplies 415010 47100 $73.11 416016278-001 Office Supplies 400060 47100 $18.52 403567713-001 Office Supplies 114010 47100 $75.40 403567714-001 City Hall breakroom supplies 114010 47600 $5.70 416019660-001 Office Supplies 400060 47100 $46.28 414718757-001 OPP Return Janitorial Supplies 205020 47200 ($12.41) 407917929-001 Blue Sky Office Supplies 207020 47100 $14.00 406670071-001 Office Supplies -2nd Floor 304030 47100 $43.09 420473741-001 Office Supplies -2nd Floor 300030 47100 $68.28 421363654-001 Office Supplies 101010 47100 $10.55 February 4, 2020, Item #1Register of Demands: Warrants from 12/30/2019 -1/3/2020 Page: 5 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount -408858 03-Jan-20 84 OFFICE DEPOT BUSINESS SERVICES 421373269-001 Office Supplies 101010 47100 $45.10 U'I DIVISION 0 Total for Check 408858: $526.29 .... -408810 03-Jan-20 999988 ONE-TIME SENIOR VOLUNTEER PATROL Toner 12-19-19 Supplies for DUI Checkpoint 12/14/19 504050 47600 $189.69 00 408859 03-Jan-20 1354 ORACLE AMERICA INC. 44318864 Oracle S7-2 Server Maintenance 113010 43080 $322.86 408860 03-Jan-20 430 ORKIN EXTERMINATING, INC. 190520358 Big Stone Lodge -November 2019 309030 41200 $103.65 191863754 Big Stone Lodge -December 2019 309030 41200 $103.65 Total for Check 408860: $207.30 408861 03-Jan-20 220 PETTY CASH GENERAL 12/17/19 (DSD) Reimburse General Petty Cash 12/17 /19 301030 31010 $21.17 12/17/19 (DSD) Reimburse General Petty Cash 12/17 /19 305030 31010 $21.17 12/24/19 (DSD) Reimburse General Petty Cash 12/24/19 300030 14010 $22.58 Total for Check 408861 : $64.92 408862 03-Jan-20 25 POWAY CENTER FOR THE PERFORMING 12152019 Poway OnStage Weekly Ticket Sales Transfer F1000 86330 $4,394.00 ARTS FOUNDATION 408863 03-Jan-20 274 POWAY SENIOR CENTER 01/20 Monthly Rent -January 2020 Payment 80007712 P7710 $9,500.00 408864 03-Jan-20 671 PRODUCTIVITY PLUS ACCOUNT 234357 Unit 665A Clamps 413010 47900 $41.48 408865 03-Jan-20 524 PROGRESSIVE TECHNOLOGY SECURITY 45770-1 SYSTEMS INC 2020 Monitoring 80004200 P0000 $2,138.28 45803 Power supply 114010 43080 $749.78 Total for Check 408865: $2,888.06 408866 03-Jan-20 653 PSOMAS, INC 158545 Design Consultant -Martincoit 80004200 P0000 $14,352.70 408867 03-Jan-20 1058 R & B PINTO PROPERTIES LLC LKCONC 12/16-12/22 Wkly Lk Cone 12/16/19-12/22/19 F1000 86360 $3,959.82 408868 03-Jan-20 358 ROADONE A719123-1 Wrecked vehicles -training 501050 47900 $148.00 408869 03-Jan-20 213 SAN DIEGO COUNTY SHERIFF'S Poway Oct 2019 Contract #73290R Law Enforcement Poway 504050 41030 $1,111,001.19 DEPARTMENT Oct 2019 Poway Oct 2019 Contract #73290R Law Enforcement Poway 504050 41040 $926.44 Oct 2019 Total for Check 408869: $1,111,927.63 408870 03-Jan-20 216 SAN DIEGO COUNTY WATER AUTHORITY 1119-11 November 2019 Water Deliveries and Charges 402060 27011 $592,122.60 1119-11 November 2019 Water Deliveries and Charges 402060 27012 $78,168.00 1119-11 November 2019 Water Deliveries and Charges 402060 27013 $323,081.33 Total for Check 408870: $993,371.93 408872 03-Jan-20 221 SAN DIEGO GAS & ELECTRIC 95321310795-12~9 14322 Pomerado Rd 11 /07 /19 -12/09/19 FS3 501050 21010 $3,379.38 0704 7022786-12/19 12335 Crosthwaite Cir 11/10/19 -12/10/19 501050 21010 $2,353.20 Tower 99522976016-12/19 14401 Pomerado Road 11/12/19 -12/12/19 414040 21010 $272.82 937 46846063-12/19 13743 1/2 Carriage Road 11/12/19-12/12/19 414040 21010 $151.41 February 4, 2020, Item #1Register of Demands: Warrants from 12/30/2019 -1/3/2020 Page: 6 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount -408872 03-Jan-20 221 SAN DIEGO GAS & ELECTRIC 89922224091-12/19 14038 Midland Road 11/12/19 -12/12/19 414040 21010 $130.41 0'\ 0 83800796106-12/19 14155 1/2 Pomerado Road -11/12/19-12/12/19 414040 21010 $11.22 ..... -00 824 75997643-12/19 13306 1/2 Midland Road 11/12/19-12/12/19 414040 21010 $35.79 82465424855-12/19 14795 1/2 Silverset Street 11/12/19-12/12/19 414040 21010 $338.61 71205215723-12/19 13221 Midland Road A 11/12/19-12/12/19 414040 21010 $42.48 64025166945-12/19 13544 Aubrey Street 11/12/19 -12/12/19 414040 21010 $780.85 15011872037-12/19 15401 1/2 Pomerado Road 11/13/19 -12/13/19 430050 21020 $10.68 487 45089461-12/19 13100 Poway Road 11 /12/19-12/07 /19 104030 41200 $8.33 Total for Check 408872: $7,515.18 408871 03-Jan-20 218 SAN DIEGO GAS & ELECTRIC/SUNDRY 70037975983-11 /19 Group Sundry Bill: Nov 2019 114010 21010 $1,971.58 70037975983-11/19 Group Sundry Bill: Nov 2019 208020 21010 $81.38 70037975983-11/19 Group Sundry Bill: Nov 2019 202020 21010 $2,961.30 70037975983-11/19 Group Sundry Bill: Nov 2019 204020 21010 $189.47 70037975983-11/19 Group Sundry Bill: Nov 2019 205020 21010 $691.07 70037975983-11/19 Group Sundry Bill: Nov 2019 414040 21010 $249.02 70037975983-11/19 Group Sundry Bill: Nov 2019 421040 21010 $44.32 70037975983-11/19 Group Sundry Bill: Nov 2019 423040 21010 $34.19 70037975983-11/19 Group Sundry Bill: Nov 2019 425040 21010 $20.91 70037975983-11/19 Group Sundry Bill: Nov 2019 430050 21020 $190.38 70037975983-11/19 Group Sundry Bill: Nov 2019 501050 21010 $3,674.06 31507776772-12/19 Group Sundry Bill: Dec 2019 205020 21010 $328.18 31507776772-12/19 Group Sundry Bill: Dec 2019 414040 21010 $25.14 31507776772-12/19 Group Sundry Bill: Dec 2019 430050 21020 $2,086.26 31507776772-12/19 Group Sundry Bill: Dec 2019 430050 21030 $28,709.30 Total for Check 408871: $41,256.56 408807 03-Jan-20 999995 SAVAGE, MARIA 2014179.001 Deposit Refund Permit #22560 205020 74710 $200.00 408873 03-Jan-20 829 SC COMMERCIAL, LLC 0742098-IN Fuel for Fleet Diesel 400 Gal 413010 31020 $1,539.18 408874 03-Jan-20 1012 SESAC, LLC 79963-2020 2020 Annual Music Performance License 200020 49240 $919.00 408875 03-Jan-20 296 SLOAN ELECTRIC 571242 PS-9 (Welton) Rebuild Pumps (2) 402060 43080 $21,532.64 408877 03-Jan-20 813 SUNBELT RENTALS INC. 96722055-0001 Work Order #2259 equipment rental 402060 47900 EM001 $5,284.58 408878 03-Jan-20 461 SUPERIOR CLEANING EQUIPMENT INC 11524 Valve, Pump Oil, PM Service 413010 41200 $268.15 408879 03-Jan-20 1352 SYNCB/AMAZON 8781042209-12/19(2) Amazon.com Purchase 113010 43080 $76.77 408811 03-Jan-20 2 THE REINHART CORP 16551 Fire Station 1 plymovent repair 501050 43040 $172.50 February 4, 2020, Item #1Register of Demands: Warrants from 12/30/2019 -1/3/2020 Page: 7 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount -408880 03-Jan-20 248 TIFCO INDUSTRIES 71515091 Washers, Cap Screw, Fuse, Grease 413010 47600 $227.02 ...... 0 408881 03-Jan-20 977 TOSHIBA BUSINESS SOLUTIONS 5118031 Copier 11 /24/19-12/23/19 114010 43080 $1,387.92 -II -1948292 ecoSmart Recycle Program Kits (3) 114010 43080 $134.63 00 Total for Check 408881: $1,522.55 408882 03-Jan-20 594 TOYOTALIFT INC. 114054201 Unit 508 -Installation, testing, and tune up 413010 43120 $783.08 408883 03-Jan-20 1602 TYLER TECHNOLOGIES INC. 045-285406 Tyler software licenses 80006111 P6110 $637.50 905412 03-Jan-20 785 U.S. BANK N.A. PARS ARS PE2020-01 PARS ARS PE2020-01 F1000 87200 $1,236.62 905413 03-Jan-20 785 U.S. BANK N.A. PARS REP PE2020-01 PARS REP PE2020-01 F1000 87210 $10,167.09 905414 03-Jan-20 785 U.S. BANK N.A. PARS REPEX PE2020-PARS REP EXCESS PE2020-01 F1000 87210 $25,075.00 01 408884 03-Jan-20 1580 UNIFIRST CORPORATION 361 0094170 Mats & Uniforms: Fleet 415010 41200 $8.81 361 0094170 Mats & Uniforms: Fleet 413010 49280 $46.02 361 0094017 Meadowbrook Gym: mops and mats 415010 41200 $26.31 361 0094183 PCPA Weekly Mat cleaning Service 204020 49280 $9.63 361 0094826 South Parks: mats and uniforms 415010 41200 $32.78 361 0094826 South Parks: mats and uniforms 414040 49280 $21.64 361 0094822 Meadowbrook Gym: mats and mops 415010 41200 $26.31 361 0094821 City Hall: mats 415010 41200 $8.41 Total for Check 408884: $179.91 408885 03-Jan-20 238 UNIFORMS PLUS INC 51391 Uniforms -MOU 501050 49280 $493.56 51387 Uniforms -MOU 501050 49280 $314.52 Total for Check 408885: $808.08 905404 31-Dec-19 36 UNION BANK OF CALIFORNIA 3135G0Q89 Purchase FNMA Maturity 10/07/21 F1000 82130 $1,900,000.00 3135G0Q89 Purchase FNMA Maturity 10/07/21 F1000 82131 ($9,368.90) 3135G0Q89 Purchase FNMA Maturity 10/07/21 F1000 82290 $6,023.26 Total for Check 905404: $1,896,654.36 905405 31-Dec-19 36 UNION BANK OF CALIFORNIA 3137EAEC9 Purchase FHLMC Maturity 08/12/21 F1000 82140 $1,000,000.00 3137EAEC9 Purchase FHLMC Maturity 08/12/21 F1000 82141 ($8,727.00) 3137EAEC9 Purchase FHLMC Maturity 08/12/21 F1000 82290 $4,312.50 Total for Check 905405: $995,585.50 905406 03-Jan-20 334 UNION BANK-SAN DIEGO PPE 12/29/19 Transfer net payroll to Union Bank PPE TREA 80030 $522,935.17 12/29/19 PPE 12/29/19 Transfer net payroll to Union Bank PPE F1000 80030 ($522,935.17) 12/29/19 February 4, 2020, Item #1Register of Demands: Warrants from 12/30/2019 -1/3/2020 Page: 8 of 8 Check Check Payee/ Number Date Vendor# PayeeNendor Name Invoice Number Description Org Object Project Check Amount ..... 905406 03-Jan-20 334 UNION BANK-SAN DIEGO PPE 12/29/19 Transfer net payroll to Union Bank PPE F1000 80030 $522,935.17 00 12/29/19 0 .... ..... Total for Check 905406: $522,935.17 00 905421 03-Jan-20 334 UNION BANK-SAN DIEGO Disc Bene Dec 2019 Flexible Spending Register Dec 2019 F1000 80050 $8,100.84 Disc Bene Dec 2019 Flexible Spending Register Dec 2019 F1000 80050 ($8,100.84) Disc Bene Dec 2019 Flexible Spending Register Dec 2019 F1000 86190 $8,100.84 Total for Check 905421: $8,100.84 408886 03-Jan-20 253 UPS 65V940519 (2) SC200 Controllers to Hach for Repair 402060 33020 $139.97 408887 03-Jan-20 321 VERIZON WIRELESS 9843290544 Telemetry 11/02/19-12/01/19 503050 33011 $135.47 408888 03-Jan-20 449 WOLSEY, LYNN K Poway Progress 11/19 Poway Progress Design -11/19 205020 41200 $100.00 408809 03-Jan-20 999999 ZACCARDI, JAMESON A. 01/20 -Zaccardi Reimbursement of Livescan Fees 121010 49340 $31.00 Register Total: $14,903,402.45 Director of Finance Approved: _ ____;~____;_J _______________ _ Date: __ 1,......1/_/._t;;,__/---=0::i...£._ _________ _ AG EN DA R EPOR T City of Poway DATE: TO: FROM: SUBJECT: Summary: February 4, 2020 Honorable Mayor and Members of the City Council Faviola Medina, City Clerk � (858)668-4535 or fmedina@poway.org Approval of Minutes The City Council Meeting Minutes submitted hereto for approval are: •January 7, 2020 Regular City Council Meeting Minutes CITY COUNCIL The Poway City Council sits as the Poway Planning Commission, the Poway Housing Authority, the Public Financing Authority, and the Successor Agency to the Poway Redevelopment Agency. Recommended Action: It is recommended that the City Council approve the Minutes as submitted. Public Notification: None. Attachments: A. January 7, 2020 Regular City Council Meeting Minutes Reviewed/ Approved By: Wendy aserman Assistant City Manager Reviewed By: Alan Fenstermacher City Attorney Approved By: Ch� City Manager 1 of 7 February 4, 2020, Item #2 City of Poway – Minutes – January 7, 2020 CITY OF POWAY CITY COUNCIL REGULAR MEETING MINUTES January 7, 2020 City Council Chambers 13325 Civic Center Drive, Poway, California (Per Government Code 54953) (Meeting Called to Order as City Council/City of Poway Planning Commission/Poway Housing Authority/Public Financing Authority and Successor Agency to the Poway Redevelopment Agency) CALL TO ORDER Mayor Vaus called the Regular Meeting to order at 7:00 p.m. ROLL CALL John Mullin, Barry Leonard, Dave Grosch, Caylin Frank, Steve Vaus STAFF MEMBERS PRESENT City Manager Chris Hazeltine; City Attorney Alan Fenstermacher; City Clerk Faviola Medina; Community Services Director Brenda Sylvia; Development Services Director Bob Manis; Finance Director Aaron Beanan; Human Resources/Risk Management Director Jodene Dunphy; Public Works Director Eric Heidemann; Fire Chief Jon Canavan; Captain Jeff Duckworth, Sheriff’s Department. (Note: Hereinafter the titles Mayor, Deputy Mayor, Councilmember, City Manager, Assistant City Manager, City Attorney, City Clerk and Director of Finance shall be used to indicate Mayor/Chair, Deputy Mayor/Vice Chair, Councilmember/Director, City Manager/Executive Director, Assistant City Manager/Assistant Executive Director, City Attorney/Counsel, City Clerk/Secretary and Director of Finance/Finance Officer.) PLEDGE OF ALLEGIANCE Deputy Mayor Frank led the Pledge of Allegiance. MOMENT OF SILENCE Mayor Vaus led a moment of silence. PRESENTATION Deputy Mayor Frank presented a Proclamation to Poway Soroptimist Club members, Julie Bendinelli, Judy Horning and Mary Mitchell for Human Trafficking Awareness Month. PUBLIC ORAL COMMUNICATIONS Yuri Bohlen spoke regarding Proposition FF and the Poway Road Corridor Specific Plan. Alex Keane spoke regarding the environment and implementing a climate action plan in Poway. NOTE: These draft meeting minutes are not official until approved by the City Council at the next scheduled meeting. 2 of 7 February 4, 2020, Item #2 City of Poway – Minutes – January 7, 2020 1. CONSENT CALENDAR Motioned by Councilmember Mullin, seconded by Deputy Mayor Frank to approve Consent Calendar Items 1.1 through 1.3. Motion carried by the following roll-call vote: Ayes: Mullin, Leonard, Grosch, Frank, Vaus Noes: None Abstained: None Absent: None Disqualified: None 1.1 Approval of reading by title only and waiver of reading in full of Ordinances on agenda 1.2 Ratification of Warrant Registers for the periods of November 25, 2019 through November 29, 2019; and December 2, 2019 through December 6, 2019 1.3 Approval of the December 3, 2019 Regular City Council Meeting minutes 2. ORDINANCE None. 3. PUBLIC HEARING 3.1 Specific Plan Amendment 19-001 and Development Review 19-003; a request to amend the South Poway Specific Plan and construct a self-storage building The Mayor opened the public hearing at 7:13 p.m. Senior Planner Austin Silva presented the report along with a slideshow presentation. Mr. Silva explained that the proposed Specific Plan Amendment (SPA) 19-001 to the South Poway Specific Plan is a request to allow self-storage buildings to have three stories within a 35-foot-tall building. He further explained that the Development Review (DR) request is to construct and operate a 99,895 square-foot, three story, self-storage building at 12183 Kirkham Road. Mayor Vaus announced that the Applicant Tom Kearney was available to answer any questions. Speakers in Opposition to staff’s recommendation: Yuri Bohlen, Dee Fleischman, Jon Kurtin Speaker Neutral to staff’s recommendation: Paul North Speaker in Support of staff’s recommendation: Brian Caster Motioned by Councilmember Grosch, seconded by Councilmember Mullin to close the public hearing at 7:21 p.m. Motion carried unanimously. In response to Council inquiry, Mr. Silva explained that the building is within the height standards in place at this moment and the SPA will allow three stories within the building, without exceeding the 35-foot height limit. 3 of 7 February 4, 2020, Item #2 City of Poway – Minutes – January 7, 2020 As requested by the Mayor, City Clerk Medina titled the Ordinance. Motioned by Mayor Vaus seconded by Councilmember Mullin to adopt Resolution No. 20-001 entitled “A Resolution of the City Council of the City of Poway, California, Approving Development Review 19-003 for the Construction of a 99,895 Square-Foot Self-Storage Building Containing Three Stories and Two Levels of Underground Basements on Property Located at 12183 Kirkham Road with a Land Use Designation of Light Industrial in the South Poway Specific Plan Area. Assessor Parcel Number: 317-270-23,” and introduce Ordinance No. 838 entitled “An Ordinance of the City Council of the City of Poway, California, Approving Specific Plan Amendment 19-001 to the South Poway Specific Plan to Allow Self-Storage Buildings to Contain a Maximum of Three Stories Within the Existing Height Allowance” and schedule adoption of the Ordinance for January 21, 2020. Motion carried by the following roll- call vote: Ayes: Mullin, Leonard, Grosch, Frank, Vaus Noes: None Abstained: None Absent: None Disqualified: None 3.2 Conditional Use Permit 19-010, Development Review 19-007 and Minor Conditional Use Permit 19-007; a request for modifications to the Pomerado Hospital Campus located at 15615 Pomerado Road The Mayor opened the public hearing at 7:28 p.m. Associate Planner Oda Audish presented the report along with a slideshow presentation. Ms. Audish explained that this request is to modify Phase II of a previously approved, two- phased expansion project for Pomerado Hospital. She further explained that the applicant has requested to keep existing temporary facilities on the property that remained from Phase I, which are now needed for medical, storage and maintenance purposes and the construction of a covered accessible ramp that will provide access to the medical mobile units. Construction Project Manager Randy Wilson with Palomar Health explained that they are requesting the amendment to construct a temporary ADA ramp and covered walkway for the temporary mobile MRI and CT scanner services due to the replacement of the existing CT scanner. In addition, Mr. Wilson explained that the City’s approval is a prerequisite for the Office of Statewide Health Planning and Development (OSHPD) to issue an OSHPD permit to allow the construction of the ADA ramp and walkway. Mr. Wilson further explained that there is currently a power conditioning unit building being constructed that will provide power to the hospital during normal power loss. Speaker in Opposition to staff’s recommendation: Inge Ramirez Submitted a speaker slip Neutral to staff’s recommendation but did not speak: Dee Fleischman Speaker in Support of staff’s recommendation: Randy Wilson 4 of 7 February 4, 2020, Item #2 City of Poway – Minutes – January 7, 2020 Motioned by Councilmember Leonard, seconded by Deputy Mayor Frank to close the public hearing at 7:42 p.m. Motion carried unanimously. Motioned by Councilmember Mullin, seconded by Deputy Mayor Frank, to adopt Resolution No. 20-002 entitled “A Resolution of the City Council of the City of Poway, California, Approving Conditional Use Permit 19-010, Development Review 19-007 and Minor Conditional Use Permit 19-007, a Modification to the Expansion Project Involving Pomerado Hospital, Assessor Parcel Numbers: 275-461-14 and 275-461- 15.” Motion carried unanimously. 4. STAFF REPORT 4.1 Pre-Development Conference (PDC) 19-002; a request for review of a proposal to construct a 61-room, five-story, 55-foot high, hotel in the South Poway Specific Plan Area Associate Planner Scott Nespor presented the report. Mr. Nespor explained that PDC 19- 002 is a request by Serendipity Hospitality for City Council input on their proposal and conceptual drawings. He clarified that City Council would not be rendering a decision and any feedback provided is advisory only. Mr. Nespor further explained that the site is located in a vacant lot at 14082 Stowe Drive in the South Poway Commercial zone which only allows a hotel with the approval of a Conditional Use Permit (CUP). In addition, Mr. Nespor explained that in addition to a CUP, an amendment to the South Poway Specific Plan, Environmental Impact Report and additional CEQA noticing and determinations are required. Architect Eric Naslund with Studio E Architects provided a brief presentation. Yuri Bohlen spoke in opposition to constructing a hotel in the South Poway Specific Plan Area. Dee Fleischman spoke in opposition to amending the Specific Plan. Anita Edmondson, on behalf of the Poway Chamber of Commerce, spoke in support to construct a hotel in the South Poway Specific Plan Area. Council discussion ensued. Councilmember Mullin explained that meeting rooms and transient occupancy tax are a community benefit and finds it to be positive. He would like to see another view analysis and expressed his support of an amendment to the Specific Plan. Councilmember Leonard considered that the project fits many criteria, but it does not fit the location. He explained that an additional hotel in the business park is a good idea and is supported by the community, but it doesn’t fit the location since it a unique piece of property. Mr. Leonard is in favor of having a hotel in that location, but not one that is 55 feet tall. Councilmember Grosch agreed with Councilmember Leonard in that the project does not fit the location. Councilmember Grosch calculated that the proposed building is approximately 60 percent larger than what the Specific Plan outlines for that area. 5 of 7 February 4, 2020, Item #2 City of Poway – Minutes – January 7, 2020 Deputy Mayor Frank requested a view analysis if the applicant chooses to pursue the project. She explained that there is a need for a hotel, but one that is appropriate for City standards and is concerned about the precedent that it would set. She has strong hesitations and the view study would be an important factor in her consideration. Mayor Vaus explained that it is not a question of how many stories the building is, but its height. Mayor Vaus further explained that the standard height in the business park is 35 feet, but other 45-foot buildings have been allowed. He is supportive of the project but would like to see another view study. He concluded that Council should seriously consider the project and have more conversations regarding the height of the building and the visual impact it will have on the community. In response to Council inquiry, Mr. Nespor explained that the hotel would meet the 50-foot setback. He explained that a view analysis is used to demonstrate how tall a structure can be seen from all surrounding areas and the images used would be simulated and physical analysis of topography. In addition, Mr. Nespor clarified that the height of a building is measured up to the roof plate therefore mechanical equipment is allowed to be on top of the building as long as it is screened from view. Attorney Alan Fenstermacher responded to Council inquiry and explained that the Specific Plan is a discretionary document and may be amended in any way that the Council deems fit. 4.2 Set Public Hearing for new Rate Structures and proposed two-year Water, Recycled Water and Wastewater Rates Director of Finance Aaron Beanan presented the report and outlined the two major water rate drivers. He explained that imported water costs represent approximately 60 percent of water operating costs and the San Diego County Water Authority untreated water rates increased by 4.8 percent this year. In addition, Mr. Beanan explained that rate-funded capital includes over a $100 million in infrastructure necessary to provide associated services and approximately $12 million or $2.4 million per year in capital projects is proposed over the next five years. Mr. Beanan further explained that staff therefore recommends two-year revenue increases of 4.5 percent in March 2020 and in January 2021. Yuri Bohlen spoke in opposition of the new rate structures and requested the exact number of eligible rate payers and home owners that will be receiving the notice of public hearing. Council discussion ensued in favor of staff’s recommendation. In response to Council inquiry, Mr. Beanan explained that the Proposition 218 notices will be mailed by the same company that mails out the water bills to residents. As part of the workshop and cost of service study process, staff reviewed new reserve targets and included within the rates are slow additions to maintain reserves between the minimum and target amounts. Motioned by Councilmember Leonard, seconded by Councilmember Mullin, to direct staff to set the public hearing for March 3, 2020 and proceed with the Proposition 218 process which includes mailing the notice of public hearing to ratepayers pursuant to law. Motion carried unanimously. 6 of 7 February 4, 2020, Item #2 City of Poway – Minutes – January 7, 2020 5. WORKSHOP None. 6. MAYOR AND CITY COUNCIL-INITIATED ITEMS The Mayor and Council made announcements and reported on various events taking place in the City. No action was taken. COUNCILMEMBER COMMITTEE REPORTS - Pursuant to AB1234 – G.C. §53232.3(d) Mayor Vaus spoke regarding an upcoming SANDAG meeting where he will vote regarding spending $5 million per mile for the addition of bike lanes in the City of San Diego. 7. CITY MANAGER ITEMS None. 8. CITY ATTORNEY ITEMS None. ADJOURNMENT The meeting adjourned at 8:52 p.m. ________________________________ Faviola Medina, CMC City Clerk City of Poway, California 7 of 7 February 4, 2020, Item #2 February 4, 2020, Item #3 AGENDA REPORT CityofPoway DATE: TO: FROM: CONTACT: SUBJECT: Summary: February 4, 2020 Honorable Mayor and Members of the City Council Aaron Beanan, Director of Finance ~ Aaron Beanan, Director of Finance (858) 668-4411 or abeanan@poway.org City's Investment Report as of December 31, 2019 CITY COUNCI L Quarterly reports of investments are required to be presented to the City Council per state code and the City's Investment Policy. For your information, attached is an investment portfolio report as of December 31, 2019. Recommended Action: It is recommended that the City Council accept and file the attached report. Discussion: Pursuant to Government Code Sec. 53646(b)(1) and the City's Investment Policy, the Finance Director (i.e., Treasurer) renders a quarterly investment report to the City Council concerning the investment portfolio's earnings and performance results. In accordance with the Investment Policy, the quarterly report includes information such as the investment type, issuer, date of maturity, par value, amount invested, current market value, and the source of the market value information. The City is in compliance with its adopted investment policy, and the City's investment program provides sufficient liquidity to meet its cash flow requirements for the next six months. The fair value of the City's investment portfolio as of December 31, 2019, was $106,278,574. It consisted of the following: Investment Portfolio Total Deposits at CalTRUST $ 22,698,756 Deposits at the Local Agency Investment Fund (LAIF) 4,593,072 U. S. Treasury Notes 13,993,384 U.S. Instrumentalities 43,318,054 Corporate Notes 21,675,308 Fair Value of Investment Portfolio as of December 31, 2019 $106,278,574 1 of 30 February 4, 2020, Item #3 The attached portfolio report (attachment B) and investment report (attachment C) were prepared by the City's investment manager, Insight Investment, with input from the City's Finance Department. The portfolio report includes all investments while the investment report includes only those investments managed by Insight Investment. All City funds, including the General Fund, Water Fund, Wastewater Fund and others -except those identified in Attachment D, are pooled and invested, with earned interest allocated quarterly based on the average daily cash balance in each fund. The funds on deposit at LAIF and CalTRUST earn interest at variable rates. The interest rate for the month ending December 31, 2019, is estimated at 2.04% for LAIF, 1.94% for the CalTRUST short-term fund, and 2.01 % for the CalTRUST medium-term fund. The values of fixed income securities, as legal investment tools authorized under California government codes, are closely tied with interest rates. As interest rates go up, the market values of the securities go down, and vice versa. This is known as interest rate risk or market risk. A portfolio's duration is a common measurement of interest rate risk. Due to anticipated actions of the Federal Reserve, the Finance Department, in conjunction with Insight Investment, has been increasing the duration of the externally managed investment portfolio over the last few months by investing in longer-term investments (e.g. treasuries and corporate notes). This strategy will help preserve the City's interest earning ability in an environment of declining interest rates as well as help increase market value. The Federal Reserve has lowered the target federal funds rate by 25 basis points three times since June: July 31st, September 18th, and October 30th. For fixed income securities, the difference between amortized cost and fair value is considered an unrealized gain or loss. A realized loss is when the principal of the security is redeemed before its maturity date at a fair value lower than its amortized cost value. The amortized cost value of the externally managed investment portfolio is $78,615,994; the fair value is $78,986,746 for an unrealized gain of $370,752 or 0.47% of the total amortized cost value. The source of the fair value information for the U.S. Treasury Notes, the U.S. Instrumentalities, Corporate Notes, and Municipal Bonds is Interactive Data Corporation. Also included with this report are recaps of the City's cash and investments held by fiscal agents, non- managed investments, and cash on hand. The total book value of the cash and investments held by our fiscal agent, U.S. Bank, at December 31, 2019, was $1,237,455. The source of the market value information for these investments was U.S. Bank. The total book value of the non-managed investments was $126,171 at December 31, 2019. The City's cash on hand at December 31, 2019, totaled $3,226,572. The December 31, 2019 balance of the City's Library Trust Fund was $258,071. Through the Fiscal Year 2019-20 period ending December 31, 2019, no transfer of interest earnings has been made to the General Fund. At the close of Fiscal Year 2019-20, 90% of the Library Trust Fund's interest earnings will be transferred to the General Fund to partially offset library operating expenses. Environmental Review: This action is not subject to review under the California Environmental Quality Act (CEQA). 2 of30 February 4, 2020, Item #3 Fiscal Impact: The externally managed investment portfolio earned $151,068 interest during December 2019, as well as $146,649 interest during November 2019, and $154,706 during October 2019. Fees for investment services during this period totaled $10,213.39. Public Notification: None. Attachments: A. Investment Statistics B. Investment Portfolio Report prepared by Insight Investment C. Investment Report Prepared by Insight Investment D. City of Poway Investments and Cash with Fiscal Agent; General, Payroll, and Petty Cash Report at December 31, 2019 Reviewed/ Approved By: wend Kaserman Assistant City Manager 3 of 30 Reviewed By: Alan Fenstermacher City Attorney Approved By: Ch ~ City Manager February 4, 2020, Item #3 City of Poway Investment Statistics Separately Managed Investment Pools Fair Value: CalTRUST Short-Term Deposits CalTRUST Medium-Term Deposits Deposits at the Local Agency Investment Fund (LAIF) Total Fair Value Weighted Average Yield Effective Average Duration in days Weighted Average Maturity in days Externally Managed Investment Pools Fair Value: U. S. Treasury Notes U. S. Instrumentalities Corporate Bonds Total Fair Value Amortized Cost Value: U.S. Treasury Notes U.S. Instrumentalities Corporate Bonds Total Amortized Cost Value Unrealized Gain (Loss) Accrued Interest Earned Weighted Average Yield Effective Average Duration in years Weighted Average Maturity in years Total Fair Value of Portfolio Assets Weighted Average Yield Effective Average Duration in years Weighted Average Maturity in years Glossary of Yield Terminology December 2018 10,949,376 11,000,094 8,345,438 30,294,908 2.29% 1 1 11,918,645 38,598,231 21,260,046 71,776,922 11,981,543 38,831,128 21,442,600 72,255,271 (478,349) 111,115 1.87% 0.88 0.91 102,071,830 1.99% 0.62 0.64 September 2019 11,203,088 11,368,110 8,602,474 31,173,672 2.20% 1 1 15,015,768 44,304,426 23,623,155 82,943,349 14,927,719 44,084,166 23,552,153 82,564,038 379,311 140,948 2.01% 1.91 2.02 114,117,021 2.06% 1.39 1.47 Coupon: A bond's coupon is the periodic interest payment made to the holder of the fixed income security during the life of the bond. Coupon payments can be made monthly, quarterly, or annually. Book Yield: The Book Yield is that rate of return that will make the present value of the future cash flows of a fixed income security equal to the price paid for the security. This assumes that the security will be held to its maturity. Current Yield: Annual rate of return on an investment expressed as a percentage. Current Yield of a fixed income security is the annualized earnings (coupon) divided by the bond's market value as of the valuation date. One Year Total Yield: The One Year Total Yield or One Year Return represents the portfolio's percentage change over a year's time, factoring in interest payments, changes in market value and reinvestment of distributions. December 2019 11,271,671 11,427,085 4,593,072 27,291,828 1.99% 1 1 13,993,384 43,318,054 21,675,308 78,986,746 13,927,787 43,100,214 21,587,993 78,615,994 370,752 151,068 2.02% 1.91 2.02 106,278,574 2.01% 1.47 1.55 Weighted Average Yield: The total yield on a bond portfolio divided by the number of bonds contained in it, weighted for the size of each bond so that the yield of large holdings does not drown out the calculation of yields on small holdings. Yield to Maturity: The Yield to Maturity (YTM) or Market Yield to Maturity of a fixed income security is that rate of interest that will make the present value of the future cash flows equal to the market value as of the valuation date, assuming the bond is held to maturity. 4 of30 ATTACHMENT A February 4, 2020, Item #3 City of Poway Monthly Investment Portfolio Report December 31, 2019 Separately Managed Investment Pools % Return LAIF $ 4,593,072 17% 2 .04% Ca IT rust -Short $ 11,271,671 41% 1.94% CalTrust -Medium $ 11,427,085 42% 2.01% Total Internally Managed $ 27,291,828 26% Weighted Average Yield 1.99% Days Effective Average Duration -Internal 1 Weighted Average Maturity -Internal 1 Externally Managed Assets % Return Treasury Securities $ 13,993,384 18% 1.96% Instrumentality Securities $ 43,318,054 55% 2.01% Corporate Notes $ 21,675,308 27% 2.08% Total Externally Managed $ 78,986,746 74% Weighted Average Yield 2.02% Years Effective Average Duration -External 1.98 Weighted Average Final Maturity -External 2.09 1 Total Portfolio Assets % Return LAIF $ CalTrust -Short $ Ca IT rust -Medium $ Treasury Securities $ Instrumentality Securities $ Corporate Notes $ Total Portfolio Assets $ Weighted Average Yield Effective Average Duration -Total Weighted Average Maturity -Total Portfolio Change Beginning Balance Ending Balance Assets values shown at Market 5 of30 4,593,072 4% 2.04% 11,271,671 11% 1.94% 11,427,085 11% 2.01% 13,993,384 13% 1.96% 43,318,054 41% 2.01% 21,675,308 20% 2.08% 106,278,575 2.01% Years 1.47 1.55 $ $ CalTrust - Medium, 42% Corporate 21% Instrumentality Securities 43% 105,145,470 106,278,575 ATTACHMENT B LAIF, 17% CalTrust -Short, 41% Treasury Securities, 55% CalTrust -Short CalTrust - 11% Medium Treasury Securities 14% February 4, 2020, Item #3~ ~ n ::c 3: m z -I n February 4, 2020, Item #3..... Contents 0 .... w 0 Fixed income market review 3 Activity and performance summary 4 Recap of securities held 6 Maturity distribution of securities held 7 Securities held 8 GASB 40-Deposit and investment risk disclosure 14 Securities purchased 19 Securities sold and matured 20 Transaction report 21 Additional information 23 February 4, 2020, Item #300 0 """ w 0 FIXED INCOME MARKET REVIEW As of December 31, 2019 Chart 1: US unemployment hits a new 50-year low ---US unemployment rate (%) Source: Bloomberg Finance LP, December 31, 2019. - - - - -Current level Chart 2: Return of 'normal' yield curve leaves Fed satisfied with policy rates 40 35 30 25 20 15 10 5 0 -5 -10 i t NollDal yieldcurve Inverted yieldcurve Jan-19 Fel>-19Mar-19 Apr-19May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 --10-year Treasury yield minus 2-year Treasury yield (bp) Source: Bloomberg Finance LP, December 31, 2019. CITY OF POWAY Economic Indicators and Monetary Policy Economic indicators were promising overall. The economy added 266,000 jobs in November (above the expected 180,000) with an upward revision of 41,000 to the previous two months, supported by the return of GM workers following a strike. The unemployment rate fell to a new SO-year low of 3.5% (Chart 1 ). The ISM manufacturing index weakened to 48.1 (compared to the expected 49.2), but remained higher than the September low-point of 47.8. The non-manufacturing index fell from to 53.9 (versus an expected 54.5). The US and China agreed to a narrow 'phase one' trade deal, with the expectation that it will be signed in January. New US tariffs previously scheduled to come into effect during the month were suspended. Existing tariff rates on $120bn of Chinese imports will be halved from 15% to 7.5%, although 25% on a remaining $250bn of tariffs will remain. China committed to import various US goods and services over the next two years in a total amount that exceeds China's annual level of imports for those goods and services in 2017 by no less than $200bn. President Trump also stated that discussions on a 'phase two' deal would begin immediately rather than after this year's presidential election. The final Federal Reserve (Fed) meeting of 2019 brought a run of three consecutive rate cuts to an end (Chart 2). The Fed's messaging tilted towards the optimistic side, removing any mention of "uncertainties" to the outlook, partly as the trade conflict with China appears closer to stabilizing. The committee's revised 'dot plot' showed a majority of members expect no change in rates by the end of 2020, with no member predicting a cut. The yield curve continued to steepen, indicating improving investor optimism around the economy. Interest Rate Summary Treasury yields declined mostly across the curve during the month. At the end of December, the 3-month US Treasury bill yielded 1.55%, the 6-month US Treasury bill yielded 1.59%, the 2-year US Treasury note yielded 1.57%, the 5-year US Treasury note yielded 1.69% and the 10-year US Treasury note yielded 1.69%. 3 February 4, 2020, Item #3ID 0 ACTIVITY AND PERFORMANCE SUMMARY For the period December 1, 2019 -December 31, 2019 : Amortized Cost Basis Activity Summary 0 Opening balance Income received Total receipts Total disbursements lnterportfolio transfers Total lnterportfolio transfers Realized gain (loss) Total amortization expense Total 01D/MKT accretion income Return of capital Closing balance Ending fair value Unrealized gain (loss) 209,260.08 (2,214,945.98) Comparative Rates of Return {%} Fed Funds Overnight Repo Merrill Lynch 3m US Treas Bill Merrill Lynch 6m US Treas Bill ML 1 Year US Treasury Note ML 2 Year US Treasury Note ML 5 Year US Treasury Note * rates reflected are cumulative * Twelve month trailing 2.16 2.22 2.04 2.02 2.06 1.97 1.96 * Six month trailing 0.96 0.98 0.87 0.86 0.86 0.82 0.81 80,636,648.90 209,260.08 0.00 (2,214,945.98) 69.46 (22,320.25) 7,281.39 0.00 78,615,993.60 78,986,746.45 370,752.85 * One month 0.13 0.13 0.13 0.13 0.13 0.14 0.14 Detail of Amortized Cost Basis Return Interest Accretion Realized earned (amortization) gain (loss) Corporate Bonds 47,752.43 (9,300.92) 0.00 Government Agencies 80,337.25 (5,828.27) 69.46 Government Bonds 22,978.80 90.33 0.00 Total 151,068.48 (15,038.86) 69.46 Summary of Amortized Cost Basis Return for the Period Interest earned Accretion (amortization) Realized gain (loss) on sales Total income on portfolio Average daily amortized cost Period return(%) YTD return (%) Weighted average final maturity in days CITY OF POWAY Total income 38,451.51 74,578.44 23,069.13 136,099.08 Total portfolio 151,068.48 (15,038.86) 69.46 136,099.08 78,694,395.17 0.17 1.98 763 4 February 4, 2020, Item #3-0 ACTIVITY AND PERFORMANCE SUMMARY For the period December 1, 2019 -December 31, 2019 ~ Fair Value Basis Activity Summary w o Opening balance 80,992,832.17 Income received Total receipts Total disbursements lnterportfolio transfers Total lnterportfolio transfers Unrealized gain (loss) on security movements Return of capital Change in fair value for the period Ending fair value 209,260.08 (2,214,945.98) Comparative Rates of Return(%} * Twelve * Six month trailing month trailing Fed Funds 2.16 0.96 Overnight Repo 2.22 0.98 ICE BofAML 3 Months UST-BILL 2.28 1.03 ICE ML 6m US Treas Bill 2.57 1.17 ICE ML 1 Year US Treasury Note 2.93 1.15 ICE ML US Treasury 1-3 3.55 1.09 ICE ML US Treasury 1-5 4.20 1.10 * rates reflected are cumulative 209,260.08 0.00 (2,214,945.98) 0.00 0.00 (399.82) 78,986,746.45 * One month 0.13 0.13 0.14 0.16 0.18 0.21 0.14 Detail of Fair Value Basis Return Interest Change in earned fair value Corporate Bonds 47,752.43 7,517.16 Government Agencies 80,337.25 (355.62) Government Bonds 22,978.80 (7,561.36) Total 151,068.48 (399.82) Summary of Fair Value Basis Return for the Period Interest earned Change in fair value Total income on portfolio Average daily total value* Period return (%) YTD return (%) Weighted average final maturity in days * Total value equals market value and accrued interest CITY OF POWAY Total income 55,269.59 79,981.63 15,417.44 150,668.66 Total portfolio 151,068.48 (399.82) 150,668.66 79,499,597.13 0.19 3.14 763 5 February 4, 2020, Item #3~ ~ 0 -ti w 0 RECAP OF SECURITIES HELD As of December 31, 2019 Historical Amortized Fair value Unrealized Weighted Percent Weighted cost cost gain (loss) average of average final portfolio effective maturity (days) duration (years) Corporate Bonds 21,699,002.00 21,587,993.17 21,675,308.34 87,315.17 792 27.57 2.01 Government Agencies 43,084,048.16 43,100,213.55 43,318,054.17 217,840.62 700 54.75 1.84 Government Bonds 13,915,936.97 13,927,786.88 13,993,383.94 65,597.06 912 17.68 2.40 ~ ------------------------------------------ -------------------Total 78,698,987.13 78,615,993.60 78,986,746.45 370,752.85 763 100.00 1.98 Portfolio diversification {%) ■ Corporate Bonds ■ GovernmentAgencies ■ Government Bonds Total 27.57 54.75 17.68 100.00 CITY OF POWAY 6 February 4, 2020, Item #3-N 0 """' w 0 MATURITY DISTRIBUTION OF SECURITIES HELD As of December 31, 2019 Maturity Under 90 days 90 to 179 days 180 days to 1 year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years Over 5 years E .s +-' Ill 0 u Ill u s Ill I 25.00 o~~ C?)~ ~C?) o& "' ,o v(;;'-C?)~ Maturity distribution o~~ ~ fl)~ ~C:, ,~e; ~e, ~e, ,o o'l., ~ 'l.,'-0 C:, ,~ 0#, 't)~ "' CITY OF POWAY Historic cost Percent 10,530,387.44 13.38 6,007,585.50 7.63 10,959,117.25 13.93 12,384,673.64 15.74 7,562,128.10 9.61 23,171,023.57 29.44 8,084,071.63 10.27 0.00 0.00 78,698,987.13 100.00 ~C:, ~C:, ~C:, ~e, ~e, ~e, b< ~ t,.~ ~,o ,o s.e; b< 0 7 February 4, 2020, Item #3SECURITIES HELD CITY OF POWAY As of December 31, 2019 ~ w ~Cusip/ Coupon Maturity/ Par value or Historical cost/ Amortized cost/ Fair value/ Unrealized Interest Interest Total % wDescription Call date shares Accrued interest Accretion Change in fair gain received earned accrued Port 0 purchased (amortiz_ation) value (loss) interest cost Corporate Bonds 17275RAH5 4.450 01/15/2020 1,000,000.00 1,070,170.00 1,001,080.65 1,000,859.79 (220.86) 0.00 3,831.94 20,519.44 1.36 CISCO SYSTEMS INC 4.45% 0.00 (2,161.29) (1,972.40) 15JAN2020 594918AY0 1.850 02/12/2020 1,500,000.00 1,506,140.00 1,500,077.49 1,500,010.95 (66.54) 0.00 2,389.58 10,714.58 1.91 MICROSOFT CORP 1.85% 01/12/2020 0.00 (193.71) 7.81 12FEB2020(CALLABLE 12JAN20) 25468PDP8 1 . 950 03/04/2020 1,500,000.00 1,504,635.00 1,500,292.26 1,499,953.07 (339.19) 0.00 2,518.75 9,506.25 1.91 TWDC ENTERPRISES 18 CORP 0.00 (136.99) (78.34) 1 . 95% 04MAR2020 713448C55 1.850 04/30/2020 1,500,000.00 1,499,655.00 1,499,961.34 1,499,840.52 (120.82) 0.00 2,312.50 4,625.00 1.91 PEPSICO INC 1 .85% 03/30/2020 0.00 9.66 (368.39) 30APR2020(CALLABLE 30MAR20) 69353RES3 2.600 07/21/2020 1,000,000.00 1,016,010.00 1,002,802.16 1,003,303.54 501.38 0.00 2,238.89 11,555.56 1.29 PNC BANK NA 2.6% 21JUL2020 06/21/2020 0.00 (491.61) (392.37) (CALLABLE 21 JUN20) 053015AD5 2.250 09/15/2020 1,000,000.00 1,002,630.00 1,000,600.15 1,002,643.69 2,043.54 0.00 1,937.50 6,625.00 1.27 AUTOMATIC DAT A 08/15/2020 0.00 (80.02) (228.48) PROCESSNG 2.25% 15SEP2020 (CALLABLE 15AUG20) 191216BT6 1.875 10/27/2020 2,000,000.00 1,987,240.00 1,996,334.89 2,000,700.70 4,365.81 0.00 3,229.17 6,666.67 2.53 COCA-COLA CO/THE 1.875% 0.00 370.21 (693.64) 27OCT2020 89233P7F7 2.625 01/10/2023 2,000,000.00 2,001,380.00 2,001,143.88 2,039,346.48 38,202.60 0.00 4,520.83 24,937.50 2.54 TOYOTA MOTOR CREDIT CORP 0.00 (31.48) 1,838.94 2.625% 1 0JAN2023 084670BR8 2.750 03/15/2023 1,000,000.00 1,021,370.00 1,018,615.87 1,025,423.81 6,807.94 0.00 2,368.05 8,097.22 1.30 BERKSHIRE HATHAWAY INC 01/15/2023 0.00 (510.02) (1,513.44) 2.75% 15MAR2023 (CALLABLE 15JAN23) 8 February 4, 2020, Item #3SECURITIES HELD CITY OF POWAY As of December 31, 2019 ...a. ~ ~Cusip/ Coupon Maturity/ Par value or Historical cost/ Amortized cost/ Fair value/ Unrealized Interest Interest Total % wDescription Call date shares Accrued interest Accretion Change in fair gain received earned accrued Port 0 purchased (amortization) value (loss) interest cost Corporate Bonds 931142DH3 2.550 04/11/2023 1,000,000.00 1,015,270.00 1,013,295.75 1,021,734.86 8,439.11 0.00 2,195.84 5,666.67 1.29 WALMART INC 2.55% 01/11/2023 0.00 (365.60) 1,567.89 11 APR2023 (CALLABLE 11JAN23) 037833AK6 2.400 05/03/2023 1,000,000.00 1,007,920.00 1,007,031.56 1,017,063.50 10,031.94 0.00 2,066.67 3,866.67 1.28 APPLE INC 2.4% 03MAY2023 0.00 (175.35) 1,812.89 69353RFL7 3.500 06/08/2023 1,900,000.00 1,995,436.00 1,985,689.64 1,993,228.88 7,539.24 33,250.00 5,726.39 4,248.61 2.54 PNC BANK NA 3.5% 08JUN2023 05/09/2023 0.00 (2,126.30) 6,931.58 (CALLABLE 09MAY23) 94988J5R4 3.550 08/14/2023 1,000,000.00 1,050,350.00 1,047,585.98 1,048,072.98 487.00 0.00 3,056.94 13,509.72 1.33 WELLS FARGO BANK NA 3.55% 07/14/2023 0.00 (1,120.55) (872.18) 14AUG2023 (CALLABLE 14JUL23) 68389XBL8 2.400 09/15/2023 1,000,000.00 1,008,750.00 1,007,672.80 1,016,699.90 9,027.10 0.00 2,066.67 7,066.67 1.28 ORACLE CORP 2.4% 07/15/2023 0.00 (180.54) 3,841.21 15SEP2023(CALLABLE 15JUL23) 91159HHV5 3.375 02/05/2024 1,900,000.00 1,999,636.00 1,993,550.37 1,995,233.97 1,683.60 0.00 5,521.87 26,006.25 2.54 US BANCORP 3.375% 01/05/2024 0.00 (1,942.22) (1,196.22) 05FEB2024(CALLABLE 05JAN24) 02665WCZ2 2.400 0612712024 1,000,000.00 1,012,410.00 1,012,258.38 1,011,191.70 (1,066.68) 12,000.00 1,000.01 266.67 1.29 AMERICAN HONDA FINANCE (11,266.66) (151.62) (1,218.30) 2.4% 27 JUN2024 Jotal Corporate Bonds 21,300,000.00 21,699,002.00 21,587,993.17 21,675,308.34 87,315.17 45,250.00 46,981.60 163,878.48 27.57 (11,266.66) (9,287.43) 7,466.56 Government Agencies 3133EGLA1 1.170 01/13/2020 2,000,000.00 1,999,780.00 1,999,997.61 1,999,664.20 (333.41) 0.00 2,015.00 10,920.00 2.54 FEDERAL FARM CREDIT BANK 0.00 5.51 774.44 1 .17% 13JAN2020 CALLABLE 9 February 4, 2020, Item #3SECURITIES HELD CITY OF POWAY As of December 31 , 2019 ...a. u, ~Cusip/ Coupon Maturity/ Par value or Historical cost/ Amortized cost/ Fair value/ Unrealized Interest Interest Total % wDescription Call date shares Accrued interest Accretion Change in fair gain received earned accrued Port 0 purchased (amortization) value (loss) interest cost Government Agencies 3137EAEE5 1.500 01/17/2020 3,000,000.00 2,957,514.00 2,998,362.99 2,999,704.86 1,341.87 0.00 3,875.00 20,500.00 3.76 FREDDIE MAC 1.5% 17JAN2020 0.00 2,888.85 296.10 3130AECJ7 2.625 05/28/2020 1,500,000.00 1,497,100.50 1,499,303.37 1,505,862.66 6,559.29 0.00 3,390.63 3,609.38 1.90 FEDERAL HOME LOAN BANK 0.00 141.21 (1,090.71) 2.625% 28MA Y2020 3130ABY34 1.613 05/29/2020 2,000,000.00 1,994,820.00 1,999,176.29 1,999,606.66 430.37 0.00 2,777.95 2,867.56 2.53 FEDERAL HOME LOAN BANK 0.00 165.85 162.50 1 .613% 29MA Y2020 3133EHYM9 1.500 09/14/2020 2,000,000.00 1,993,720.00 1,998,516.17 1,999,473.26 957.09 0.00 2,583.34 8,916.67 2.53 FEDERAL FARM CREDIT BANK 0.00 175.26 1,727.30 1 .5% 14SEP2020 3130AEWA4 2.625 10/01/2020 2,000,000.00 1,990,580.00 1,996,297.34 2,014,447.10 18,149.76 0.00 4,520.83 13,125.00 2.53 FEDERAL HOME LOAN BANK 0.00 394.77 (1,167.44) 2.625% 01 OCT2020 3133EGM51 1.650 12/01/2020 1,000,000.00 996,971.00 999,302.30 1,000,977.70 1,675.40 8,250.00 1,420.83 1,375.00 1.27 FEDERAL FARM CREDIT BANK 0.00 63.24 975.83 1.65% 01 DEC2020 3130A3UQ5 1.875 12/11/2020 1,000,000.00 997,820.00 999,321.11 1,002, 125.27 2,804.16 9,375.00 1,614.59 1,041.67 1.27 FEDERAL HOME LOAN BANK 0.00 59.72 (200.53) 1.875% 11 DEC2020 3133EKAJ5 2.500 02/11/2021 1,000,000.00 999,265.00 999,589.51 1,010,232.51 10,643.00 0.00 2,152.78 9,722.22 1.27 FEDERAL FARM CREDIT BANK 0.00 30.71 (310.90) 2.5% 11 FEB2021 3133EJJD2 2.540 04/05/2021 1,000,000.00 1,004,390.00 1,002,736.23 1,012, ·150.10 9,413.87 0.00 2,187.22 6,067.78 1.28 FEDERAL FARM CREDIT BANK 0.00 (180.41) 780.88 2.54% 05APR2021 313379RB7 1.875 06/11/2021 1,000,000.00 985,600.00 990,917.19 1,003,211.99 12,294.80 9,375.00 1,614.59 1,041.67 1.25 FEDERAL HOME LOAN BANK 0.00 523.00 41.59 1.875% 11 JUN2021 10 February 4, 2020, Item #3SECURITIES HELD CITY OF POWAY As of December 31, 2019 ..a. CJ\ 2_Cusip/ Coupon Maturity/ Par value or Historical cost/ Amortized cost/ Fair value/ Unrealized Interest Interest Total % wDescription Call date shares Accrued interest Accretion Change in fair gain received earned accrued Port 0 purchased (amortization) value (loss) interest cost Government Agencies 3135G0U35 2.750 06/22/2021 2,000,000.00 2,017,500.00 2,011,608.48 2,033,823.66 22,215.18 27,500.00 4,736.11 1,375.00 2.56 FANNIE MAE 2.75% 22JUN2021 0.00 (654.61) 427.32 3133EKCB0 2.500 07/01/2021 1,000,000.00 999,030.00 999,378.97 1,013,957.57 14,578.60 0.00 2,152.78 12,500.00 1.27 FEDERAL FARM CREDIT BANK 0.00 34.44 782.15 2.5% 01JUL2021 3137EAEC9 1.125 08/12/2021 1,000,000.00 991,273.00 991,391.33 992,623.05 1,231.72 0.00 31.25 4,343.75 1.26 FREDDIE MAC 1.125% (4,312.50) 118.33 1,350.05 12AUG2021 3135G0Q89 1.375 10/07/2021 1,900,000.00 1,890,631.10 1,890,747.30 1,892,782.74 2,035.44 0.00 72.57 6,095.83 2.40 FANNIE MAE 1.375% (6,023.26) 116.20 2,151.64 07OCT2021 3130AABG2 1.875 11/29/2021 1,000,000.00 990,090.00 992,924.36 1,005,364.95 12,440.59 0.00 1,614.59 1,666.67 1.26 FEDERAL HOME LOAN BANK 0.00 308.08 367.79 1.875% 29NOV2021 3135G0U92 2.625 01/11/2022 1,500,000.00 1,513,185.00 1,509,929.44 1,530,351.56 20,422.12 0.00 3,390.62 18,593.75 1.92 FANNIE MAE 2.625% 0.00 (393.38) 363.53 11JAN2022 3137EADB2 2.375 01/13/2022 1,000,000.00 1,018,089.00 1,016,110.86 1,015,414.66 (696.20) 0.00 2,045.14 11,083.33 1.29 FREDDIE MAC 2.375% 0.00 (659.38) 572.88 13JAN2022 313378CR0 2.250 03/11/2022 2,000,000.00 2,004,000.00 2,003,135.78 2,026,041.80 22,906.02 0.00 3,875.00 13,750.00 2.55 FEDERAL HOME LOAN BANK 0.00 (118.93) 174.28 2.25% 11 MAR2022 31331K3A6 2. 710 12/13/2022 1,000,000.00 1,028,921.06 1,024,732.97 1,031,429.76 6,696.79 13,550.00 2,333.61 1,355.00 1.31 FEDERAL FARM CREDIT BANK 0.00 (698.02) 485.33 2.71% 13DEC2022 31331KAF7 4.090 01/18/2023 1,850,000.00 2,008,452.50 1,992,373.85 1,984,731.65 (7,642.20) 0.00 6,515.60 34,259.43 2.55 FEDERAL FARM CREDIT BANK 0.00 (3,890.00) (2,850.82) 4.09% 18JAN2023 11 February 4, 2020, Item #3SECURITIES HELD CITY OF POWAY As of December 31, 2019 ~ '-1 2.cusip/ Coupon Maturity/ Par value or Historical cost/ Amortized cost/ Fair value/ Unrealized Interest Interest Total % wDescription Call date shares Accrued interest Accretion Change in fair gain received earned accrued Port 0 purchased (amortization) value (loss) interest cost Government Agencies 3133EKKT2 2.250 02/08/2023 1,000,000.00 1,017,480.00 1,014,929.44 1,018,695.63 3,766.19 0.00 1,937.50 8,937.50 1.29 FEDERAL FARM CREDIT BANK 0.00 (400.61) (98.09) 2.25% 08FEB2023 3133EJFK0 2.650 03/08/2023 1,000,000.00 1,032,790.00 1,030,905.52 1,031,508.80 603.28 0.00 2,281.95 8,318.06 1.31 FEDERAL FARM CREDIT BANK 0.00 (807.63) (1,449.69} 2.65% 08MAR2023 3137EAEN5 2.750 06/19/2023 2,000,000.00 2,067,740.00 2,059,962.62 2,077,196.80 17,234.18 27,500.00 4,736.11 1,833.33 2.63 FREDDIE MAC 2.75% 0.00 (1,440.26} 442.04 19JUN2023 3135G0U43 2.875 09/12/2023 1,000,000.00 1,039,050.00 1,034,630.23 1,043,857.11 9,226.88 0.00 2,475.69 8,704.86 1.32 FANNIE MAE 2.875% 0.00 (779.96) (490.55) 12SEP2023 3133EKVB9 1.860 10/17/2023 2,000,000.00 1,997,646.00 1,997,895.41 2,016,253.56 18,358.15 0.00 3,203.34 7,646.67 2.54 FEDERAL FARM CREDIT BANK 0.00 46.19 (1,657.18} 1.86% 17OCT2023 3130A3VC5 2.250 12/08/2023 1,000,000.00 1,014,600.00 1,013,186.50 1,023,347.82 10,161.32 11,250.00 1,937.50 1,437.50 1.29 FEDERAL HOME LOAN BANK 0.00 (278.98) 480.69 2.25% 08DEC2023 3135G0V34 2.500 02/05/2024 1,000,000.00 1,028,090.00 1,025,403.28 1,030,936.64 5,533.36 0.00 2,152.78 10,138.89 1.31 FANNIE MAE 2.5% 05FEB2024 0.00 (516.68) (1,696.87} 3135G0V75 1.750 07/02/2024 2,000,000.00 2,007,920.00 2,007,447.10 2,002,280.10 (5,167.00) 0.00 3,013.88 16,819.44 2.55 FANNIE MAE 1.75% 02JUL2024 0.00 (137.73) (3,882.22} ifotal Government Agencies 42,750,000.00 43,084,048.16 43,100,213.55 43,318,054.17 217,840.62 106,800.00 76,658.78 248,045.96 54.75 (10,335.76) (5,885.22) (2,538.66) Government Bonds 9128283Y4 2.250 02/29/2020 1,500,000.00 1,492, 148.44 1,499, 140.34 1,501,376.12 2,235.78 0.00 2,874.31 11,311.81 1.90 USA TREASURY 2.25% 0.00 444.16 (498.88) 29FEB2020 12 February 4, 2020, Item #3SECURITIES HELD CITY OF POWAY As of December 31, 2019 -00 ~Cusip/ Coupon Maturity/ Par value or Historical cost/ Amortized cost/ Fair value/ Unrealized Interest Interest Total % wDescription Call date shares Accrued interest Accretion Change in fair gain received earned accrued Port 0 purchased (amortization) value (loss) interest cost Government Bonds 912828202 1.500 08/15/2020 2,000,000.00 1,990,156.25 1,997,799.63 1,998,437.50 637.87 0.00 2,527.17 11,250.00 2.53 USA TREASURY 1 .5% 0.00 299.17 781.26 15AUG2020 912828F21 2.125 09/30/2021 1,000,000.00 991,015.63 993,931.28 1,008,945.31 15,014.03 0.00 1,799.86 5,341.53 1.26 USA TREASURY 2.125% 0.00 294.42 546.87 30SEP2021 9128285F3 2.875 10/15/2021 1,500,000.00 1,515,878.91 1,510,908.41 1,533,632.82 22,724.41 0.00 3,652.67 9,072.75 1.93 USA TREASURY 2.875% 0.00 (517.07) 117.19 15OCT2021 912828XW5 1.750 06/30/2022 1,000,000.00 998,515.63 998,783.70 1,004, 140.62 5,356.92 8,750.00 1,474.18 0.00 1.27 USA TREASURY 1.75% 0.00 41.35 156.24 30JUN2022 912828L57 1.750 09/30/2022 1,000,000.00 999,417.41 999,507.23 1,004,023.44 4,516.21 0.00 1,482.24 4,398.91 1.27 USA TREASURY 1.75% 0.00 15.22 0.00 30SEP2022 9128282D1 1.375 08/31/2023 2,000,000.00 1,967,109.38 1,970,717.73 1,981,562.50 10,844.77 0.00 2,342.03 9,217.03 2.50 USA TREASURY 1 .375% 0.00 677.94 (1,562.50) 31AUG2023 912828U57 2.125 11/30/2023 1,900,000.00 1,925,679.69 1,923,023.17 1,933,843.75 10,820.58 20,187.50 3,419.74 3,419.74 2.45 USA TREASURY 2.125% 0.00 (499.10) (3,117.18) 30NOV2023 912828X70 2.000 04/30/2024 2,000,000.00 2,036,015.63 2,033,975.39 2,027,421.88 (6,553.51) 0.00 3,406.60 6,703.30 2.59 USA TREASURY 2% 30APR2024 0.00 (665.76) (3,984.36) ifotal Government Bonds 13,900,000.00 65,597.06 28,937.§0 22,978,80 60,715.07 17.68 13 February 4, 2020, Item #3GASB 40 -DEPOSIT AND INVESTMENT RISK DISCLOSURE CITY OF POWAY As of December 31, 2019 ...l \0 g_cusip Description Coupon Maturity Call date S&P Moody Par value or Historical % Portfolio Market % Portfolio Effective w date rating rating shares cost hist cost value mkt value dur (yrs) 0 Federal Farm Credit Banks Funding Corp 3133EGLA1 FEDERAL FARM CREDIT 1.170 01/13/2020 AA+ Aaa 2,000,000.00 1,999,780.00 2.54 1,999,664.20 2.53 0.04 3133EHYM9 FEDERAL FARM CREDIT 1.500 09/14/2020 AA+ Aaa 2,000,000.00 1,993,720.00 2.53 1,999,473.26 2.53 0.70 3133EGM51 FEDERAL FARM CREDIT 1.650 12/01/2020 AA+ Aaa 1,000,000.00 996,971.00 1.27 1,000,977.70 1.27 0.91 3133EKAJ5 FEDERAL FARM CREDIT 2.500 02/11/2021 AA+ Aaa 1,000,000.00 999,265.00 1.27 1,010,232.51 1.28 1.09 3133EJJD2 FEDERAL FARM CREDIT 2.540 04/05/2021 AA+ Aaa 1,000,000.00 1,004,390.00 1.28 1,012,150.10 1.28 1.23 3133EKCB0 FEDERAL FARM CREDIT 2.500 07/01/2021 AA+ Aaa 1,000,000.00 999,030.00 1.27 1,013,957.57 1.28 1.45 31331K3A6 FEDERAL FARM CREDIT 2.710 12/13/2022 AA+ Aaa 1,000,000.00 1,028,921.06 1.31 1,031,429.76 1.31 2.83 31331KAF7 FEDERAL FARM CREDIT 4.090 01/18/2023 AA+ Aaa 1,850,000.00 2,008,452.50 2.55 1,984,731.65 2.51 2.83 3133EKKT2 FEDERAL FARM CREDIT 2.250 02/08/2023 AA+ Aaa 1,000,000.00 1,017,480.00 1.29 1,018,695.63 1.29 2.97 3133EJFK0 FEDERAL FARM CREDIT 2.650 03/08/2023 AA+ Aaa 1,000,000.00 1,032,790.00 1.31 1,031,508.80 1.31 3.03 3133EKVB9 FEDERAL FARM CREDIT 1.860 10/17/2023 AA+ Aaa 2,000,000.00 1,997,646.00 2.54 2,016,253.56 2.55 3.64 Issuer total 14,850,000.00 15,078,445.56 19.16 15,119,074.74 19.14 1.87 United States Treasury Note/Bond 9128283Y4 USA TREASURY 2.25% 2.250 02/29/2020 AA+ Aaa 1,500,000.00 1 ,492, 148.44 1.90 1,501,376.12 1.90 0.16 9128282Q2 USA TREASURY 1.5% 1.500 08/15/2020 AA+ Aaa 2,000,000.00 1,990, 156.25 2.53 1,998,437.50 2.53 0.62 912828F21 USA TREASURY 2.125% 2.125 09/30/2021 AA+ Aaa 1,000,000.00 991,015.63 1.26 1,008,945.31 1.28 1.71 9128285F3 USA TREASURY 2.875% 2.875 10/15/2021 AA+ Aaa 1,500,000.00 1,515,878.91 1.93 1,533,632.82 1.94 1.73 912828XW5 USA TREASURY 1.75% 1.750 06/30/2022 AA+ Aaa 1,000,000.00 998,515.63 1.27 1,004,140.62 1.27 2.43 912828L57 USA TREASURY 1.75% 1.750 09/30/2022 AA+ Aaa 1,000,000.00 999,417.41 1.27 1,004,023.44 1.27 2.66 9128282D1 USA TREASURY 1.375% 1.375 08/31/2023 AA+ Aaa 2,000,000.00 1,967,109.38 2.50 1,981,562.50 2.51 3.54 912828U57 USA TREASURY 2.125% 2.125 11/30/2023 AA+ Aaa 1,900,000.00 1,925,679.69 2.45 1,933,843.75 2.45 3.74 912828X70 USA TREASURY 2% 2.000 04/30/2024 AA+ Aaa 2,000,000.00 2,036,015.63 2.59 2,027,421.88 2.57 4.13 Issuer total 13,900,000.00 13,915,936.97 17.68 13,993,383.94 17.72 2.40 14 February 4, 2020, Item #3GASB 40 -DEPOSIT AND INVESTMENT RISK DISCLOSURE CITY OF POWAY As of December 31, 2019 N 0 acusip Description Coupon Maturity Call date S&P Moody Par value or Historical % Portfolio Market % Portfolio Effective w date rating rating shares cost hist cost value mkt value dur (yrs) 0 Federal Home Loan Banks 3130AECJ7 FEDERAL HOME LOAN 2.625 05/28/2020 AA+ Aaa 1,500,000.00 1,497,100.50 1.90 1,505,862.66 1.91 0.40 3130ABY34 FEDERAL HOME LOAN 1.613 05/29/2020 AA+ Aaa 2,000,000.00 1,994,820.00 2.53 1,999,606.66 2.53 0.41 3130AEWA4 FEDERAL HOME LOAN 2.625 10/01/2020 AA+ Aaa 2,000,000.00 1,990,580.00 2.53 2,014,447.10 2.55 0.74 3130A3UQ5 FEDERAL HOME LOAN 1.875 12/11/2020 AA+ Aaa 1,000,000.00 997,820.00 1.27 1,002,125.27 1.27 0.94 313379RB7 FEDERAL HOME LOAN 1.875 06/11/2021 AA+ Aaa 1,000,000.00 985,600.00 1.25 1,003,211.99 1.27 1.42 3130AABG2 FEDERAL HOME LOAN 1.875 11/29/2021 AA+ Aaa 1,000,000.00 990,090.00 1.26 1,005,364.95 1.27 1.87 313378CRO FEDERAL HOME LOAN 2.250 03/11/2022 AA+ Aaa 2,000,000.00 2,004,000.00 2.55 2,026,041.80 2.57 2.12 3130A3VC5 FEDERAL HOME LOAN 2.250 12/08/2023 AA+ Aaa 1,000,000.00 1,014,600.00 1.29 1,023,347.82 1.30 3.76 Issuer total 11,500,000.00 11,474,610.50 14.58 11,580,008.25 14.66 1.32 Federal National Mortgage Association 3135GOU35 FANNIE MAE 2.75% 2.750 06/22/2021 AA+ Aaa 2,000,000.00 2,017,500.00 2.56 2,033,823.66 2.57 1.44 3135GOQ89 FANNIE MAE 1.375% 1.375 10/07/2021 AA+ Aaa 1,900,000.00 1,890,631.10 2.40 1,892,782.74 2.40 1.73 3135GOU92 FANNIE MAE 2.625% 2.625 01/11/2022 AA+ Aaa 1,500,000.00 1,513,185.00 1.92 1,530,351.56 1.94 1.95 3135GOU43 FANNIE MAE 2.875% 2.875 09/12/2023 AA+ Aaa 1,000,000.00 1,039,050.00 1.32 1,043,857.11 1.32 3.48 3135GOV34 FANNIE MAE 2.5% 2.500 02/05/2024 AA+ Aaa 1,000,000.00 1,028,090.00 1.31 1,030,936.64 1.31 3.85 3135GOV75 FANNIE MAE 1 .75% 1.750 07/02/2024 AA+ Aaa 2,000,000.00 2,007,920.00 2.55 2,002,280.10 2.53 4.28 Issuer total 9,400,000.00 9,496,376.10 12.07 9,534,031.81 12.07 2.66 Federal Home Loan Mortgage Corp 3137EAEE5 FREDDIE MAC 1.5% 1.500 01/17/2020 AA+ Aaa 3,000,000.00 2,957,514.00 3.76 2,999,704.86 3.80 0.05 3137EAEC9 FREDDIE MAC 1.125% 1.125 08/12/2021 AA+ Aaa 1,000,000.00 991,273.00 1.26 992,623.05 1.26 1.59 3137EADB2 FREDDIE MAC 2.375% 2.375 01/13/2022 AA+ Aaa 1,000,000.00 1,018,089.00 1.29 1,015,414.66 1.29 1.96 3137EAEN5 FREDDIE MAC 2.75% 2.750 06/19/2023 AA+ Aaa 2,000,000.00 2,067,740.00 2.63 2,077,196.80 2.63 3.30 Issuer total 7,000,000.00 7,034,616.00 8.94 7,084,939.37 8.97 1.50 15 February 4, 2020, Item #3GASB 40 -DEPOSIT AND INVESTMENT RISK DISCLOSURE CITY OF POWAY As of December 31, 2019 N -2,cusip Description Coupon Maturity Call date S&P Moody Par value or Historical % Portfolio Market % Portfolio Effective w date rating rating shares cost hist cost value mkt value dur (yrs) 0 PNC Bank NA 69353RE53 PNC BANK NA 2.6% 2.600 07/21/2020 06/21/2020 A A2 1,000,000.00 1,016,010.00 1.29 1,003,303.54 1.27 0.47 69353RFL7 PNC BANK NA 3.5% 3.500 06/08/2023 05/09/2023 A A2 1,900,000.00 1,995,436.00 2.54 1,993,228.88 2.52 3.17 Issuer total 2,900,000.00 3,011,446.00 3.83 2,996,532.42 3.79 2.26 Toyota Motor Credit Corp 89233P7F7 TOYOTA MOTOR CREDIT 2.625 01/10/2023 AA-Aa3 2,000,000.00 2,001,380.00 2.54 2,039,346.48 2.58 2.87 Issuer total 2,000,000.00 2,001 ,380.00 2.54 2,039,346.48 2.58 2.87 Coca-Cola Co/The 191216BT6 COCA-COLA CO/THE 1.875 10/27/2020 A+ A1 2,000,000.00 1,987,240.00 2.53 2,000,700.70 2.53 0.81 Issuer total 2,000,000.00 1,987,240.00 2.53 2,000,700.70 2.53 0.81 US Bancorp 91159HHV5 US BANCORP 3.375% 3.375 02/05/2024 01/05/2024 A+ A1 1,900,000.00 1,999,636.00 2.54 1,995,233.97 2.53 3.73 Issuer total 1,900,000.00 1,999,636.00 2.54 1,995,233.97 2.53 3.73 Microsoft Corp 59491 BAYO MICROSOFT CORP 1.85% 1.850 02/12/2020 01/12/2020 AAA Aaa 1,500,000.00 1,506, 140.00 1.91 1,500,010.95 1.90 0.11 Issuer total 1,500,000.00 1,506,140.00 1.91 1,500,010.95 1.90 0.11 TWDC Enterprises 18 Corp 25468PDP8 TWDC ENTERPRISES 18 1.950 03/04/2020 A A2 1,500,000.00 1,504,635.00 1.91 1,499,953.07 1.90 0.17 Issuer total 1,500,000.00 1,504,635.00 1.91 1,499,953.07 1.90 0.17 PepsiCo Inc 713448(55 PEPSICO INC 1 .85% 1.850 04/30/2020 03/30/2020 A+ A1 1,500,000.00 1,499,655.00 1.91 1,499,840.52 1.90 0.30 Issuer total 1,500,000.00 1,499,655.00 1.91 1,499,840.52 1.90 0.30 16 February 4, 2020, Item #3GASB 40 -DEPOSIT AND INVESTMENT RISK DISCLOSURE CITY OF POWAY As of December 31, 2019 N N ~Cusip Description Coupon Maturity Call date S&P Moody Par value or Historical % Portfolio Market % Portfolio Effective w date rating rating shares cost hist cost value mkt value dur (yrs) 0 Wells Fargo Bank NA 94988J5R4 WELLS FARGO BANK NA 3.550 08/14/2023 07/14/2023 A+ Aa2 1,000,000.00 1,050,350.00 1.33 1,048,072.98 1.33 3.29 Issuer total 1,000,000.00 1,050,350.00 1.33 1,048,072.98 1.33 3.29 Berkshire Hathaway Inc 084670BR8 BERKSHIRE HATHAWAY 2.750 03/15/2023 01/15/2023 AA Aa2 1,000,000.00 1,021,370.00 1.30 1,025,423.81 1.30 2.93 Issuer total 1,000,000.00 1,021,370.00 1.30 1,025,423.81 1.30 2.93 Walmart Inc 931142DH3 WALMART INC 2.55% 2.550 04/11/2023 01/11/2023 AA Aa2 1,000,000.00 1,015,270.00 1.29 1,021,734.86 1.29 2.97 Issuer total 1,000,000.00 1,015,270.00 1.29 1,021,734.86 1.29 2.97 Apple Inc 037833AK6 APPLE INC 2.4% 2.400 05/03/2023 AA+ Aa1 1,000,000.00 1,007,920.00 1.28 1,017,063.50 1.29 3.18 Issuer total 1,000,000.00 1,007,920.00 1.28 1,017,063.50 1.29 3.18 Oracle Corp 68389XBL8 ORACLE CORP 2.4% 2.400 09/15/2023 07/15/2023 A+ A1 1,000,000.00 1,008,750.00 1.28 1,016,699.90 1.29 3.42 Issuer total 1,000,000.00 1,008,750.00 1.28 1,016,699.90 1.29 3.42 American Honda Finance Corp 02665WCZ2 AMERICAN HONDA 2.400 06/27/2024 A A2 1,000,000.00 1,012,410.00 1.29 1,011,191.70 1.28 4.24 Issuer total 1,000,000.00 1 ,012,410.00 1.29 1,011 I 191 .70 1.28 4.24 Automatic Data Processing Inc 053015AD5 AUTOMATIC DATA 2.250 09/15/2020 08/15/2020 AA Aa3 1,000,000.00 1,002,630.00 1.27 1,002,643.69 1.27 0.63 Issuer total 1,000,000.00 1 ,002,630.00 1.27 1 ,002,643.69 1.27 0.63 17 February 4, 2020, Item #3GASB 40 -DEPOSIT AND INVESTMENT RISK DISCLOSURE CITY OF POWAY As of December 31, 2019 N w ~Cusip Description Coupon Maturity Call date S&P Moody Par value or Historical % Portfolio Market % Portfolio Effective w date rating rating shares cost hist cost value mkt value dur (yrs) 0 Cisco Systems Inc 17275RAH5 CISCO SYSTEMS INC 4.450 01/15/2020 AA-A1 1,000,000.00 1,070, 170.00 1.36 1,000,859.79 1.27 0.04 Issuer total 1,000,000.00 1,070,170.00 1.36 1,000,859.79 1.27 0.04 ~rardt~a,--~-----------n,9so,ooo.oo 1s,69s,9s1.13 100.00 1s,9s6,746.4s 100.00 -,:9s1 ~~ .. ·~--.o:1... . ~ . ~ 18 February 4, 2020, Item #3SECURITIES PURCHASED CITY OF POWAY For the period December 1, 2019 -December 31, 2019 N .,::a. a Cusip / Description I Broker Trade date Coupon Maturity/ Par value or Unit cost Principal Accrued w Settle date Call date shares cost interest purchased 0 Corporate Bonds 02665WCZ2 12/11/2019 2.400 06/27/2024 1,000,000.00 101.24 (1,012,410.00) (11,266.66) AMERICAN HONDA FINANCE 2.4% 27JUN2024 12/16/2019 BARCLAYS CAPITAL iTotal Corporate Bonds 1,000,000.00 (1,012,410.00) (11,266.66) Government Agencies 3137EAEC9 12/23/2019 1.125 08/12/2021 1,000,000.00 99.13 (991,273.00) (4,312.50) FREDDIE MAC 1.125% 12AUG2021 12/30/2019 MORGAN STANLEY AND CO., LLC 3135GOQ89 12/23/2019 1.375 10/07/2021 1,900,000.00 99.51 (1,890,631.1 O) (6,023.26) FANNIE MAE 1.375% 070CT2021 12/30/2019 MORGAN STANLEY AND CO., LLC Total Government Agencies 2,900,000.00 (2,881,904.10) (10,335.76) gral)d total 3,900,000.00 (3,894,314.10) (21,602.42) ~;..J,,:_~~ ~ _,. -. l ~~.-1 19 February 4, 2020, Item #3SECURITIES SOLD AND MATURED CITY OF POWAY For the period December 1, 2019 -December 31, 2019 N u, g,cusip/ Trade date Coupon Maturity/ Par value or Historical cost Amortized cost Price Fair value at Realized Accrued Interest Interest wDescription/ Settle date Call date shares at sale or maturity sale or maturity I gain interest received earned 0Broker /Acer (amort) Chg.in fair value (loss) sold Corporate Bonds 14912L6F3 12/02/2019 2.250 (1,000,000.00) 1,011,910.00 1,000,000.00 0.00 1,000,000.00 0.00 0.00 11,250.00 62.50 CATERPILLAR FINL S 2.25% 12/02/2019 (14.44) 0.00 SNR MTN 01 /12/19 USD 717081EB5 12/16/2019 1.700 (1,000,000.00) 999,940.00 1,000,000.00 0.00 1,000,000.00 0.00 0.00 8,500.00 708.33 PFIZER INC 1. 7% 12-15-2019 12/16/2019 0.95 50.60 Total (Corporate Bonds) (2,000,000.00) 2,011,850.00 2,000,000.00 2,000,000.00 0.00 0.00 19,750.00 770.83 (13.49) 50.60 Government Agencies 3136G4DA8 12/30/2019 1.200 (1,000,000.00) 998,250.00 1,000,000.00 0.00 1,000,000.00 0.00 0.00 6,000.00 1,000.00 FANNIE MAE 1.2% 12/30/2019 45.30 447.94 30DEC2019 CALLABLE #0001 3136G4KD4 12/30/2019 1.750 (1,900,000.00) 1,899,525.00 1,899,930.54 0.00 1,900,000.00 69.46 0.00 16,625.00 2,678.47 FANNIE MAE 1.75% 12/30/2019 03/29/2020 11.65 1,735.10 29JUN2020 CALLABLE if otal (Government Agencies) (2,900,000.00) 2,897,775.00 2,899,930.54 2,900,000.00 69.46 0.00 22,625.00 3,678.47 56.95 2,183.04 Government Bonds 912828G61 12/02/2019 1.500 (1,000,000.00) 1,002,968.75 1,000,000.00 0.00 1,000,000.00 0.00 0.00 7,500.00 0.00 UNITED STATES TREAS NTS 12/02/2019 0.00 0.00 DTD 11/30/2014 1.5% DUE 11-30-2019 REG Total (Government Bonds) (1 ,000,000.00) 1,002,968.75 1,000,000.00 1,000,000.00 0.00 0.00 7,500.00 0.00 0.00 0.00 Grand total (5,900,000.00) 5,912,593.75 5,899,930.54 5,900,000.00 69.46 o.oo 49,875.00 4,449.30 ' , 43.46 2,233.64 '.,, • .c L _ '" 20 February 4, 2020, Item #3TRANSACTION REPORT CITY OF POWAY For the period December 1, 2019 -December 31, 2019 N 0\ ~ Trade date Cusip Transaction Sec type Description Maturity Par value or Realized Principal Interest Transaction total wsettle date shares gain(loss) 0 11/30/2019 912828G61 Income Government Bonds UNITED ST A TES TREAS NTS 11/30/2019 1,000,000.00 0.00 0.00 7,500.00 7,500.00 11/30/2019 11/30/2019 912828U57 Income Government Bonds USA TREASURY 2.125% 11/30/2023 1,900,000.00 0.00 0.00 20,187.50 20,187.50 11/30/2019 12/01/2019 14912L6F3 Income Corporate Bonds CATERPILLAR FINL S 2.25% SNR 12/01/2019 1,000,000.00 0.00 0.00 11,250.00 11,250.00 12/01/2019 12/01/2019 3133EGM51 Income Government Agencies FEDERAL FARM CREDIT BANK 12/01/2020 1,000,000.00 0.00 0.00 8,250.00 8,250.00 12/01/2019 12/02/2019 14912L6F3 Capital Change Corporate Bonds CATERPILLAR FINL S 2.25% SNR 12/01/2019 (1,000,000.00) 0.00 1,000,000.00 0.00 1,000,000.00 12/02/2019 12/02/2019 912828G61 Capital Change Government Bonds UNITED ST A TES TREAS NTS 11/30/2019 (1,000,000.00) 0.00 1,000,000.00 0.00 1,000,000.00 12/02/2019 12/08/2019 3130A3VC5 Income Government Agencies FEDERAL HOME LOAN BANK 12/08/2023 1,000,000.00 0.00 0.00 11,250.00 11,250.00 12/08/2019 12/08/2019 69353RFL7 Income Corporate Bonds PNC BANK NA 3.5% 08JUN2023 06/08/2023 1,900,000.00 0.00 0.00 33,250.00 33,250.00 12/08/2019 12/11/2019 02665WCZ2 Bought Corporate Bonds AMERICAN HONDA FINANCE 06/27/2024 1,000,000.00 0.00 (1 ,012,410.00) (11,266.66) (1,023,676.66) 12/16/2019 12/11/2019 3130A3UQ5 Income Government Agencies FEDERAL HOME LOAN BANK 12/11/2020 1,000,000.00 0.00 0.00 9,375.00 9,375.00 12/11/2019 12/11/2019 313379RB7 Income Government Agencies FEDERAL HOME LOAN BANK 06/11/2021 1,000,000.00 0.00 0.00 9,375.00 9,375.00 12/11/2019 12/13/2019 31331K3A6 Income Government Agencies FEDERAL FARM CREDIT BANK 12/13/2022 1,000,000.00 0.00 0.00 13,550.00 13,550.00 12/13/2019 12/15/2019 717081EB5 Income Corporate Bonds PFIZER INC 1.7% 12-15-2019 12/15/2019 1,000,000.00 0.00 0.00 8,500.00 8,500.00 12/15/2019 12/16/2019 717081EB5 Capital Change Corporate Bonds PFIZER INC 1. 7% 12-15-2019 12/15/2019 (1,000,000.00) 0.00 1,000,000.00 0.00 1,000,000.00 12/16/2019 12/19/2019 3137EAEN5 Income Government Agencies FREDDIE MAC 2.75% 06/19/2023 2,000,000.00 0.00 0.00 27,500.00 27,500.00 12/19/2019 12/22/2019 3135G0U35 Income Government Agencies FANNIE MAE 2.75% 22JUN2021 06/22/2021 2,000,000.00 0.00 0.00 27,500.00 27,500.00 12/22/2019 12/23/2019 3135G0Q89 Bought Government Agencies FANNIE MAE 1.375% 10/07/2021 1,900,000.00 0.00 (1,890,631.10) (6,023.26) (1,896,654.36) 12/30/2019 21 February 4, 2020, Item #3TRANSACTION REPORT CITY OF POWAY For the period December 1, 2019 -December 31, 2019 N ..... ~Trade date Cusip Transaction Sec type Description Maturity Par value or Realized Principal Interest Transaction total wSettle date shares gain(loss) 0 12/23/2019 3137EAEC9 Bought Government Agencies FREDDIE MAC 1 .125% 08/12/2021 1,000,000.00 0.00 (991,273.00) (4,312.50) (995,585.50) 12/30/2019 12/27/2019 02665WCZ2 Income Corporate Bonds AMERICAN HONDA FINANCE 06/27/2024 1,000,000.00 0.00 0.00 12,000.00 12,000.00 12/27/2019 12/29/2019 3136G4KD4 Income Government Agencies FANNIE MAE 1.75% 29JUN2020 06/29/2020 1,900,000.00 0.00 0.00 16,625.00 16,625.00 12/29/2019 12/30/2019 3136G4DA8 Income Government Agencies FANNIE MAE 1.2% 30DEC2019 12/30/2019 1,000,000.00 0.00 0.00 6,000.00 6,000.00 12/30/2019 12/30/2019 3136G4DA8 Capital Change Government Agencies FANNIE MAE 1.2% 30DEC2019 12/30/2019 (1,000,000.00) 0.00 1,000,000.00 0.00 1,000,000.00 12/30/2019 12/30/2019 3136G4KD4 Capital Change Government Agencies FANNIE MAE 1.75% 29JUN2020 06/29/2020 (1,900,000.00) 69.46 1,900,000.00 0.00 1,900,000.00 12/30/2019 12/31/2019 912828XW5 Income Government Bonds USA TREASURY 1.75% 06/30/2022 1,000,000.00 0.00 0.00 8,750.00 8,750.00 12/31/2019 22 February 4, 2020, Item #3ADDITIONAL INFORMATION CITY OF POWAY As of December 31, 2019 ~Past performance is not a guide to future performance. The value of investments and any income from them will fluctuate and is not guaranteed (this may partly be due to exchange rate changes) and investors may not get o back the amount invested. Transactions in foreign securities may be executed and settled in local markets. Performance comparisons will be affected by changes in interest rates. Investment returns fluctuate due to changes ~in market conditions. Investment involves risk, including the possib!~ loss of principal. No assuran_ce can be given that t~e performan~e objectives of a given strateg~ wil_l be achieved. :he_ information contained herein is ~or oyour reference only and is being provided in response to your spec1f1c request and has been obtained from sources believed to be reliable; however, no representation Is made regarding its accuracy or completeness. This document must not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or otherwise not permitted. This document should not be duplicated, amended, or forwarded to a third party without consent from Insight. This is a marketing document intended for professional clients only and should not be made available to or relied upon by retail clients Investment advisory services in North America are provided through two different SEC-registered investment advisers using the brand Insight Investment: Insight North America LLC (INA) and Insight Investment International Limited (IIIL). The North American investment advisers are associated with a broader group of global investment managers that also (individually and collectively) use the corporate brand Insight Investment and may be referred to as Insight, Insight Group or Insight Investment. 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At the end of five years that account would have grown to $38,500,760 before the deduction of management fees. Assuming management fees of 0.25% per year are deducted monthly from the account, the value at the end of the five year period would be $38,022,447. Actual fees for new accounts are dependent on size and subject to negotiation. INA's investment advisory fees are discussed in Part 2A of its Form ADV. Unless otherwise stated, the source of information is Insight. Any forecasts or opinions are Insights own at the date of this document (or as otherwise specified) and may change. Material in this publication is for general information only and is not advice, investment advice, or the recommendation of any purchase or sale of any security. 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In addition, the strategys holdings may differ substantially from the securities that comprise the indices shown. The BofA Merrill Lynch 3 Mo UST-Bill index is an unmanaged market index of U.S. Treasury securities maturing in 90 days that assumes reinvestment of all income. The BofA Merrill Lynch 6 Mo UST-Bill index measures the performance of Treasury bills with time to maturity of less than 6 months. The BofA Merrill Lynch Current 1-Year US Treasury Index is a one-security index comprised of the most recently issued 1-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 1-year note must be auctioned on or before the third business day before the last business day of the month. The BofA Merrill Lynch Current 3-Year US Treasury Index is a one-security index comprised of the most recently issued 3-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 3-year note must be auctioned on or before the third business day before the last business day of the month. The BofA Merrill Lynch Current 5-Year US Treasury Index is a one-security index comprised of the most recently issued 5-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 5-year note must be auctioned on or before the third business day before the last business day of the month. The BofA Merrill Lynch 1-3 US Year Treasury Index is an unmanaged index that tracks the performance of the direct sovereign debt of the U.S. Government having a maturity of at least one year and less than three years. The BofA Merrill Lynch 1-5 US Year Treasury Index is an unmanaged index that tracks the performance of the direct sovereign debt of the U.S. Government having a maturity of at least one year and less than five years. 23 February 4, 2020, Item #3N \0 ADDITIONAL INFORMATION As of December 31, 2019 CITY OF POWAY ~Insight does not provide tax or legal advice to its clients and all investors are strongly urged to consult their tax and legal advisors regarding any potential strategy or investment. w Olnsight is a group of wholly owned subsidiaries ofThe Bank of New York Mellon Corporation. BNY Mellon is the corporate brand ofThe Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally. Products and services may be provided under various brand names and in various countries by subsidiaries, affiliates and joint ventures ofThe Bank of New York Mellon Corporation where authorized and regulated as required within each jurisdiction. Unless you are notified to the contrary, the products and services mentioned are not insured by the FDIC (or by any governmental entity) and are not guaranteed by or obligations of The Bank of New York Mellon Corporation or any of its affiliates. The Bank of New York Corporation assumes no responsibility for the accuracy or completeness of the above data and disclaims all expressed or implied warranties in connection therewith. © 2019 Insight Investment. All rights reserved. 24 February 4, 2020, Item #3w 0 0 ..... w 0 ~ ~ n ::c :s:: m z -I C City of Poway Investments & Cash with Fiscal Agent; Non-Managed Investments; General, Payroll & Petty Cash December 2019 Part I Investments & Cash with Fiscal A2ents I 1 l Settlement I Yield to 11 Days to 11 % of Total :I I I l Face Book Market Unrealized 11 INVESTMENT DESCRIPTION j Date Maturity Maturity Investment Value Value Value Gain(Loss) ! I 1st Am Gov't Obligations Money Mkt Fd i 12/31/19 I 1.06%1 I 111 100.00%1 $1,237,455.19 $1,237,455.19 I $1,237,455.19 $0.00 ! I ! I Ir Ii I I ! ~ ~ II 1 I I I ! i \ I II 11 I ! i 1.06%11. 111 100.00%1 i Average/Total ;; -$1,237,455.19 $1,237,455.19 $1,237,455.19 $0.00 ! ! I Paying Agent or Uninvested Cash & Dils 1 I $0.00 -i Total Investments and Cash with Fiscal Agent ~ ; --I $1,237,455.19 Part II Non-Manasred Investments ! I ! Settlement I Yield to 11 Days to 11 % of Total :I Face Book Market I Unrealized Ii INVESTMENT DESCRIPTION Date Maturity Maturity Investment Value Value Value Gain(Loss) County Pool 12/31/19 I 2.02%11 111 60.37%1 $76,171.40 $76,171.40 $76,527.00 I $355.60 I Wells-Fargo CD 08/05/19 I 0.05%1 I 2111 I 39.63%1 $50,000.00 $50,000.00 $50,000.00 I so.oo 1 Average/Total I -II 1.24%1 I NIA II 100.00%1 $126,171.40 $126,171.40 $126,527.00 I $355.601 Part Ill General. Pavroll & Pettv Cash ! Book ~ Value I General Cash (Union Bank) I ---I $3,167,972.31 l1 Payroll Cash (Union Bank) ' 11 $20,000.00 f -----Emergency Cash (Union Bank) ~ --11 $10,000.00 --Grant Cash (Union Bank) i --11 $0.00 -Flexible Benefits Cash (Union Bank) ! -II $20,000.00 -Petty Cash ~ ---11 $8,600.00 -! Total Cash -II $3,226,572.31 -l l ,._,,_,....,..._,_,_,.=,-.,,...,.:._>...•,;:J..._.~, .• .,, .... ~. ~.r.;c;u,o.L•-• ··- DATE: TO: FROM: CONTACT: SUBJECT: Summary: AGENDA REPORT CityofPoway February 4, 2020 Honorable Mayor and Members of the City Council Alan Fenstermacher, City Attorney Alan Fenstermacher, City Attorney afenstermacher@poway.org Aaron Beanan, Director of Finance� abeanan@poway.org CITY COUNCIL First Reading of Ordinance Amending Poway Municipal Code Section 5.02.080 of Chapter 5.02 (Business Certificates) Senate Bill 205 ("SB 205"), effective January 1, 2020, requires the City to obtain certain information from operators of regulated industries relating to stormwater when approving issuance or renewal of a business certificate. The proposed Ordinance (Attachment A) would amend section 5.02.080 of the Poway Municipal Code ("PMC") by adding subsection 5.02.080(A)(9) to reflect these requirements, to ensure that the City collects and reviews all information required by law. The proposed Resolution (Attachment B) would impose a fee of $28 to compensate the City for the costs incurred collecting and reviewing such information. Recommended Action: It is recommended that the City Council introduce the Ordinance for first reading by title only, waive further reading, and schedule the adoption of the Ordinance for February 18, 2020, and approve the Resolution. Discussion: In October 2019, SB 205 was approved by the California legislature. SB 205 adds new sections to the Business and Professions Code as well as the Water Code relating to requirements for business licenses, which are referred to in the City as business certificates. These sections require businesses operating in regulated industries (i.e., industrial businesses) to, when applying for a business certificate or business certificate renewal, demonstrate that the business is enrolled in the National Pollutant Discharge Elimination System (NPDES) by providing specific information within the application, including all primary Standard Industrial Classification Codes, along with several other certification identification numbers issued to the business by the State Water Resources Control Board. All applications are evaluated by staff to verify the primary activity of the business and subjectivity to the new state requirements, and therefore, if approved, all applications for business certificates will be subject to the proposed new fee. 1 of 6 February 4, 2020, Item #4 Staff has analyzed the increased costs that the City will incur as a result of this unfunded mandate, which it estimates to be $28 per application. The Resolution adds a new fee to the City's Master Fee Schedule, accordingly (Attachment B). The new fee will be increased each January by the annual change in the Consumer Price Index (CPI) for All Urban Consumers, San Diego-Carlsbad (2019 = 299.433). The year reference and related annual index number are provided to help individuals calculating the annual change in the index select the correct data series given the number and variations of CPI data series. Environmental Review: None. Fiscal Impact: Even though staff's work has increased while resources have not, the staff costs associated with processing this unfunded mandate will be offset by the proposed new fee. Public Notification: None. Attachments: A. Ordinance Amending Section 5.02.080 B. Resolution Amending Master Fee Schedule Reviewed/ Approved By: wend Kaserman Assistant City Manager Reviewed By: Alan Fenstermacher City Attorney Approved By: Ch� City Manager 2 of 6 February 4, 2020, Item #4 3 of 6 February 4, 2020, Item #4 ORDINANCE NO. XXXX AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, AMENDING CHAPTER 5.02 (BUSINESS CERTIFICATES) OF THE POWAY MUNICIPAL CODE WHEREAS, a new unfunded state mandate, Senate Bill 205 ("SB 205") amended the California Business and Professions Code to require a person applying to a city or a county for an initial business certificate or business certificate renewal, who conducts a business operation that is a regulated industry, to demonstrate enrollment with the National Pollutant Discharge Elimination System permit program by providing specified information, under penalty of perjury, on the application; WHEREAS, SB 205 would apply to all applications for initial business certificates and business certificate renewals submitted on and after January 1, 2020; WHEREAS, the Poway Municipal Code ("PMC") does not currently require all of the information required by SB 205; and WHEREAS, an amendment to section 5.02.080 of the PMC by adding subsection 5.02.080(A)(9) is necessary to reflect this requirement. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF POWAY DOES ORDAIN AS FOLLOWS: SECTION 1: The above recitals are true and correct, and are incorporated herein by reference. SECTION 2: The City Council hereby approves this Ordinance and amends section 5.02.080 of the PMC to add subsection 5.02.080(A)(9), which reads as follows: 9. The information required by Business and Professions Code section 16000.3, as may be amended from time to time, which includes: a. All primary Standard Industrial Classification Codes, as defined in Section 25244.14 of the Health and Safety Code, for the business. b. Any of the following for each facility operated by the person of that business: 1. The stormwater permit number, known as the Waste Discharger Identification number (WDID), issued for the facility by the State Water Resources Control Board. 2. The WDID application number issued for the facility by the State Water Resources Control Board. 3. The "notice of nonapplicability identification number" (NONA) issued for the facility by the State Water Resources Control Board. 4. The "no exposure" certification identification number (NEC) issued for the facility by the State Water Resources Control Board. ATTACHMENT A 4 of 6 February 4, 2020, Item #4 SECTION 3: This Ordinance shall be codified. Ordinance No. *** Page 2 EFFECTIVE DA TE: This Ordinance shall take effect and be in force thirty (30) days after its adoption. CERTIFICATION/PUBLICATION: The City Clerk shall certify the adoption of this Ordinance and cause it or a summary of it, to be published with the names of the City Council members voting for and against the same in the Poway News Chieftain, a newspaper of general circulation in the City of Poway within fifteen (15) days after its adoption and shall post a certified copy of this Ordinance in the Office of the City Clerk in accordance with Government Code § 36933. INTRODUCED AND FIRST READ at a Regular Meeting of the City Council of the City of Poway, California, held the 4th day of February, 2020 and thereafter PASSED AND ADOPTED at a Regular Meeting of said City Council held the 18th day of February, 2020 by the following vote, to wit: AYES: NOES: ABSENT: DISQUALIFIED: Steve Vaus, Mayor ATTEST: Faviola Medina, CMC, City Clerk 5 of 6 February 4, 2020, Item #4 RESOLUTION NO. 20-XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, AMENDING THE MASTER FEE SCHEDULE TO ESTABLISH AN ADMINISTRATIVE FEE FOR SB 205 PURSUANT TO CHAPTER 5.02 OF THE POWAY MUNICIPAL CODE WHEREAS, California Government Code section 66016 et seq. establishes procedures for the adoption of fees for services by local government; WHEREAS, on May 4, 2010, the City Council adopted Resolution No. 10-017, adopting a Master Schedule of Fees; WHEREAS, on February 4, 2020, the City introduced an Ordinance for first reading amending Poway Municipal Code (PMC) Chapter 5.02 (Business Certificates) to add a new subsection 5.02.080(A)(9) (Ordinance) adding to the requirements for the City's business certificates; WHEREAS, the Ordinance implements new state law requirements imposed by Senate Bill 205 ("SB 205") relating to the regulation of stormwater; and WHEREAS, the proposed fee does not exceed the reasonable costs that the City will incur as a result of collecting, reviewing and otherwise processing the information required by the Ordinance, and SB 205 did not provide any funding for local agencies like the City to comply with its requirements. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows: SECTION 1: The City Council finds that this amendment to the Master Fee Schedule is exempt from the requirements of CEQA pursuant to CEQA Guidelines Section 15273. SECTION 2: The City's Master Fee Schedule is hereby amended to establish the following fee: SB 205 Administrative Fee $28 SECTION 3: The SB 205 Administrative Fee will increase each January by the annual change in the Consumer Price Index for All Urban Consumers, San Diego-Carlsbad (2019 = 299.433). PASSED, ADOPTED AND APPROVED at a Regular Meeting of the City Council of the City of Poway, California on the 4th day of February, 2020, by the following vote, to wit: AYES: NOES: ABSENT: DISQUALIFIED: ATTACHMENT B 6 of 6 February 4, 2020, Item #4 Steve Vaus, Mayor ATTEST: Faviola Medina, CMC, City Clerk DATE: TO: FROM: CONTACT: SUBJECT: Summary: AGENDA REPORT CityofPoway February 4, 2020 Honorable Mayor and Members of the City Council Robert Manis, Director of Development Services fM Marie Sanders, Senior Management Analyst � (858) 668-4637 I msanders@poway.org CITY COUNCIL Conduit Financing for the Poway Commons Affordable Housing Project In March 2019, the Poway Housing Authority entered into an Affordable Housing and Property Disposition Agreement with Poway Commons, LLC to construct a senior affordable housing project (''The Project") that will be developed as part of the Poway Commons development project. The Project is expected to be financed in an amount not to exceed $12,000,000 of tax-exempt revenue bonds by the California Municipal Finance Authority (CMFA). Pursuant to the Tax and Equity Fiscal Responsibility Act (''TEFRA"), the City of Poway must approve the use of tax-exempt bonds for the financing of the project at a public hearing, providing members of the community an opportunity to speak in favor of or against the proposal. Recommended Action: It is recommended that the City Council take public input, close the public hearing and adopt the Resolution. Discussion: Poway Commons Affordable CIC, LP (the "Borrower'') and Chelsea Investment Corporation (the "Developer'') as the general partner, is seeking to acquire $12,000,000 in tax-exempt bonds issued by CMFA to finance the acquisition, construction, improvement and equipping of the Project located at the northwest corner of Civic Center Drive and Tarascan Drive, as part of the Poway Commons development project. The Project does not require any financial assistance from the City of Poway or the Poway Housing Authority. Additionally, the City will not accept liability or responsibility for the project or the repayment of the bonds. All financing documents will contain clear disclaimers that the bonds are not obligations of the City of Poway or the State of California. In order for all or a portion of the bonds to qualify as tax-exempt bonds, the City of Poway must conduct a public hearing providing an opportunity for the members of the community to speak in favor of or against the use of tax-exempt bonds for the financing of the Project. Prior to this TEFRA hearing, notice was provided to the communi ty via two postings in the Poway News Chieftain. 1 of 4 February 4, 2020, Item #5 CALIFORNIA MUNICIPAL FINANCE AUTHORITY: The CMFA was created on January 1, 2004 pursuant to a joint exercise of powers agreement to promote economic, cultural and community development, through the financing of economic development and charitable activities throughout California. To date, over 300 municipalities, including the City of Poway, have become members of CMFA. The CMFA was formed to assist local governments, non-profit organizations and businesses with the issuance of taxable and tax-exempt bonds aimed at improving the standard of living in California. The CMFA's representatives and its Board of Directors have considerable experience in bond financings. Environmental Review: This item is not subject to California Environmental Quality Act (CEQA) review. The Project entitlements have already been approved at a public hearing, where the appropriate CEQA findings were made. Fiscal Impact: The bonds to be issued by the CMFA for the Project will be the sole responsibility of the Borrower, and the City will have no financial, legal, moral obligation, liability or responsibility for the Project or the repayment of the bonds for the financing of the Project. All financing documents with respect to the issuance of the bonds will contain clear disclaimers that the bonds are not obligations of the City or the State of California but are to be paid for solely from funds provided by the Borrower. The Board of Directors of the California Foundation for Stronger Communities, a California non-profit public benefit corporation (the "Foundation"), acts as the Board of Directors for the CMFA. Through its conduit issuance activities, the CMFA shares a portion of the issuance fees it receives with its member communities and donates a portion of these issuance fees to the Foundation for the support of local charities. With respect to the City of Poway, it is expected that a portion of the issuance fee attributable to the City will be granted by the CMFA to the general fund of the City. Such grant, estimated to be approximately $5,000, may be used for any lawful purpose of the City. Public Notification: A Notice of Public Hearing was published in the Poway News Chieftain on January 23, and January 30, 2020. Attachments: A.City Council Resolution Reviewed/ Approved By: Assistant City Manager Reviewed By: Alan Fenstermacher City Attorney Approved By: City Manager 2 of 4 February 4, 2020, Item #5 RESOLUTION NO. 20-XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, APPROVING THE ISSUANCE OF THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY MULTIFAMILY HOUSING REVENUE BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $12,000,000 FOR THE PURPOSE OF FINANCING OR REFINANCING THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF POWAY COMMONS AND CERTAIN OTHER MATTERS RELATING THERETO WHEREAS, Poway Commons Affordable CIC, LP (the “Borrower”) a partnership of which Chelsea Investment Corporation (the “Developer”) or a related person to the Developer is the general partner, has requested that the California Municipal Finance Authority (the “Authority”) adopt a plan of financing providing for the issuance of exempt facility bonds for a qualified residential rental project pursuant to Section 142(a)(7) of the Internal Revenue Code of 1986 (the “Code”) in one or more series issued from time to time, including bonds issued to refund such exempt facility bonds in one or more series from time to time, and at no time to exceed $12,000,000 in aggregate principal amount (the “Bonds”), to finance or refinance the acquisition, construction, improvement and equipping of a senior multifamily rental housing project located at the northwest corner of Civic Center Drive and Tarascan Drive, Poway, California (the “Project”); WHEREAS, pursuant to Section 147(f) of the Code, the issuance of the bonds by the Authority must be approved by the City of Poway (the “City”) because the Project is located within the territorial limits of the City; WHEREAS, the City Council of the City of Poway (the “City Council”) is the elected legislative body of the City and is required to approve the issuance of the bonds under Section 147(f) of the Code; WHEREAS, the Authority has requested that the City Council approve the issuance of the bonds by the Authority in order to satisfy the public approval requirement of Section 147(f) of the Code and the requirements of Section 4 of the Joint Exercise of Powers Agreement Relating to the California Municipal Finance Authority, dated as of January 1, 2004 (the “Agreement”), among certain local agencies, including the City; and WHEREAS, pursuant to Section 147(f) of the Code, the City Council has, following notice duly given, held a public hearing regarding the issuance of the bonds, and now desires to approve the issuance of the bonds by the Authority. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows: SECTION 1: The foregoing recitals are true and correct. SECTION 2: The City Council hereby approves the issuance of the bonds by the Authority. It is the purpose and intent of the City Council that this Resolution constitute approval of the issuance of the bonds by the Authority, for the purposes of (a) Section 147(f) of the Code and (b) Section 4 of the Agreement. 3 of 4 February 4, 2020, Item #5ATTACHMENT A SECTION 3: The issuance of the bonds shall be subject to the approval of the Authority of all financing documents relating thereto to which the Authority is a party. The City shall have no responsibility or liability whatsoever with respect to the bonds. SECTION 4: The adoption of this Resolution shall not obligate the City or any department thereof to (i) provide any financing to acquire or construct the Project or any refinancing of the Project; (ii) approve any application or request for or take any other action in connection with any planning approval, permit or other action necessary for the acquisition, construction, rehabilitation, installation or operation of the Project; (iii) make any contribution or advance any funds whatsoever to the Authority; or (iv) take any further action with respect to the Authority or its membership therein. SECTION 5: The City Manager is hereby authorized and directed, jointly and severally, to do any and all things and to execute and deliver any and all documents which they deem necessary or advisable in order to carry out, give effect to and comply with the terms and intent of this resolution and the financing transaction approved hereby. SECTION 6: This resolution shall take effect immediately upon its adoption. PASSED, ADOPTED AND APPROVED at a Regular Meeting of the City Council of the City of Poway, California, on the 4th day of February, 2020 by the following vote, to wit: AYES: NOES: ABSENT: DISQUALIFIED: ______________________________ Steve Vaus, Mayor ATTEST: ________________________________ Faviola Medina, CMC, City Clerk 4 of 4 February 4, 2020, Item #5 February 4, 2020, Item #6 DATE: TO: FROM: CONTACT: SUBJECT: Summary: AGENDA REPORT CityofPoway February 4, 2020 Honorable Mayor and Members of the City Council Robert Manis, Director of Development Services µ Scott Nespor, Associate Planner S A-JJ 858-668-4656, snespor@poway.org CITY COUNCIL Pre-Development Conference 19-003, A request for review of a proposal for a commercial orchid nursery at the northwest corner of Poway Road and California State Route 67 Eric Ho, of Ho Enterprises, LLC (Proponent), is proposing to construct a commercial orchid nursery consisting of ten 23,000 square-foot greenhouses on a vacant 20-acre parcel at the northwest corner of Poway Road and California State Route 67 (SR-67). The property is zoned Rural Residential-A (RR- A). The Proponent is requesting review of the project before a Development Review (DR) application is submitted to consider the aesthetic impact of the large greenhouse complex. The review of the Pre-Development Conference (PDC) 19-003 is advisory only. The City Council will not render any decision. If the Proponent wishes to proceed with an application, it is with the understanding that the City Council has made no representation upon which the Proponent may rely. Recommended Action: It is recommended that the City Council provide input and direction regarding the request. Discussion: The Proponent is the owner of a vacant, 20-acre parcel at the northwest corner of Poway Road and SR-67 on land zoned RR-A (Attachment A). The Proponent is requesting to develop a commercial orchid nursery that will consist of ten 23,000 square-foot greenhouses. The orchids are proposed to be sold wholesale after harvest, which may add delivery truck traffic to Poway Road. Horticultural uses, such as orchid cultivation, are permitted by right in the RR-A zone. In addition to the greenhouses, the development will also include a single-family residence. The total area of the greenhouses will cover 230,000 square feet or 5.3 acres. Surrounding land uses include a commercial equestrian facility to the west. A vacant parcel borders the property to the north and the property across Poway Road to the south is also vacant. The parcel 1 of 11 February 4, 2020, Item #6 located across SR-67 to the east is the location of the Iron Mountain Trail head parking lot. All of the adjoining parcels are zoned RR-A and those that are vacant are expected to be developed with single family residences. Properties in the area generally have significant slopes and are covered by protected habitat areas including significant swaths of coastal sage scrub and chaparral vegetation communities. The surrounding area is predominately rural and characterized by scenic views that feature Mount Woodson and Iron Mountain to the north and east. Background The subject property is a gentle to steeply sloping property with a knoll (hill or mound) that straddles the property line shared with the equestrian facility. There is a Biological Conservation Easement (BCE) to the south of the knoll. A slope analysis will be required to determine average natural slope and the structures will not be allowed in areas where the average slope exceeds 25 percent. The subject property was originally proposed to be developed as an extension of the existing equestrian facility located directly to the west under Minor Conditional Use Permit (MCUP) 96-18 and DR96-23. Under this proposal, the parcel would have been developed with riding arenas. The owner/operator of the equestrian facility did not proceed with the development of the subject property and the MCUP and DR were modified to remove the subject property from the development plan of the existing equestrian facility. A grading permit was issued to grade the subject property, but the grading never occurred. The subject property is in the Mitigation Area of the Poway Subarea Habitat Conservation Plan (HCP) which was adopted after the approvals of MCUP96-18 and DR96-23. The MCUP and DR approval allowed habitat disturbance to exceed two acres on the subject property since the approval preceded the adoption of the HCP. Since a grading permit was issued for the subject property (although the site was never graded), the previous allowance to grade and disturb habitat on the subject property has been vested. Any new development would be restricted to the areas previously allowed to be developed, plus an additional two acres, as allowed under the HCP. Development Requirements The attached conceptual development package includes a conceptual site plan (Attachment B) and prospective elevation plans (Attachment C). The prospective elevation plans are not scaled, and the greenhouses may be required to be setback further from the street than what is depicted on the drawings, with a larger landscape area between the fence and street also being required. The proposed greenhouses will be 16 feet tall. The lot coverage in the RR-A zone is 35 percent and the greenhouse complex will cover approximately 26 percent of the subject property which will meet the lot coverage requirement. However, this is a significant amount of structures on the parcel when compared to other rural parcels in the SR-67 corridor area. The greenhouses include an exterior plastic film and sheeting material as the covering for the structure. The covering on sides of the structure can be rolled open, however, it is expected that the covering will be closed a significant portion of the time giving the appearance of a solid structure. It is expected that the plastic film and sheeting will deteriorate with exposure to weather, and the appearance of the greenhouses can downgrade if the covering is not regularly replaced. The Poway municipal water distribution system does not extend to this part of Poway. The orchid nursery will need to rely on a groundwater extraction well that does not exist on the parcel or have water delivered to an on-site storage tank by a tanker truck. The City of Poway does not regulate 2 of 11 February 4, 2020, Item #6 groundwater extraction which is under the County of San Diego's jurisdiction. Approval by the County of a water well permit would be a condition of approval for the project. Although the proposed project is located in the Very High Fire Hazard Severity Area of the City, the greenhouses will not be required to have an interior fire suppression system. Because the water system does not extend to the property, there is no reliable underground water supply for the purposes of providing fire protection. The proposed project will require above ground water storage tanks for fire protection in lieu of fire hydrants, water supply for a residential fire sprinkler system, fire department access roadways and turnarounds, structure setback from top of slope and fire fuel management (defensible space) around all buildings and structures. The Poway General Plan identifies both Poway Road and SR-67 as scenic corridors and, as such, a SO- foot open space easement will be required along the frontages of the property. The General Plan also requires a decorative block wall or earthen berms along residential development adjacent to scenic corridors. The open space easement shall be landscaped with materials that are compatible with the surrounding area. The Proponent is proposing vinyl fencing instead of a block wall or earthen berms. Finally, the General Plan requires that the structures be designed or orientated in a manner to prevent views from the street of long linear structures. The subject property has approximately 2,000 lineal feet of overhead utilities fronting along SR-67 and Poway Road and eleven utility poles are located on the property. At this time, staff anticipates that the project may qualify for an Underground waiver in-lieu of undergrounding the overhead utilities since the project is for the development of a residence or a permitted use in the RR-A zone. The adopted street cross-section for Poway Road between Espola Road and SR-67 does not include provisions for sidewalks or landscape parkways, only curbs with stormwater gutters which will be a condition of the project approval. The applicant has submitted the attached letter of explanation (Attachment D), describing the project. In conclusion, the development of the greenhouse complex, although permitted as a horticultural use, would contrast significantly with other horticultural uses such as an orchard or a vineyard. Although the greenhouses will be covered with plastic sheeting and the covering along the side can be rolled up, these structures will substantially appear like large buildings in an area of Poway that has a rural character with large open spaces. Finally, the proponent is considering vinyl fencing where the General Plan requires a block wall or earthern berms. If the Proponent decides to pursue this project, a DR would be required. These actions would be considered by the City Council at a noticed public hearing. If the City Council wishes to include enhanced landscape, an earthen berm, a decorative block wall and/or architectural restrictions on materials, these could be included as conditions of approval in the DR. The review of the PDC 19-003 is advisory only. The Proponent is seeking feedback on his concept. The City Council will not render any decision. If the Proponent wishes to proceed with an application, it is with the understanding that the City Council has made no representation upon which the Proponent may rely. The Agreement of Understanding is included as Attachment E. A neighborhood meeting, or notification of surrounding properties was not conducted for this item, but would be required if the Proponent pursues the project. 3 of 11 Environmental Review: Because no action can be taken, this item is not a "Project" pursuant to the California Environmental Quality Act (CEQA) and is therefore not subject to CEQA review. Fiscal Impact: None. Public Notification: None. Attachments: A.Land Use and Location Map B.Site Plan C.Greenhouse Perspective Drawings D.Project Description Reviewed/ Approved By: Wendyserman Assistant City Manager 4 of 11 Reviewed By: Alan Fenstermacher City Attorney Approved By: City Manager E. Agreement of Understanding February 4, 2020, Item #6 February 4, 2020, Item #6 0 480 960 --1,920 Feet --- 5 of 11 Proposed Orchid Nursery R-A CITY OF POWAY Zoning I Location Map Item: PDC19-003 ATTACHMENT A RR-A February 4, 2020, Item #6 _PROPOSED ORCHID.NU.RSERY _-_ - . • • . . .:.~_: :-__ .: •:': c-•~-.-~ ·:.f -_.~ . _ ... • ~ PARCEL SIZE: __ 20ACRES· ~---. I -.-.---. I - ZON,E \ ! J { --~ • BidL ~k \> . ENTS \Y· .. · .· r c.\"'1&,~•ccn.~G11.N/\0.01a'acua PtOTliC.ot/ta/11 ---·-.• -~:;·· ING~,,:::.· -- 6 of 11 ATTACHMENT B w -J u (/l 0 z ..;......---:- : · -·--·. PREPARED ~CR 1:Rl(.'110 WDRf5S \l>nRtSS ,.\l,!1_:~ • ..r,;•} 0 l"ll"1l~(-m1,111 FREPAREO B"f ~-. _ .... j. _. . ---•. -: WUW1 it:H, RCE .l.17JO Cl?, 6/J0/10lG February 4, 2020, Item #6 ....... 0 "'"" ..li,, ..li,, 32:9791608,-116.9747692 February 4, 2020, Item #632.9791608,-116.9747692 mJ Peppertree Farms February 4, 2020, Item #69 of 11 February 4, 2020, Item #6 PRE-DEVELOPMENT CONFERNCE LETTER OF EXPLANATION Earlier this year, Mr. Ho, the Proponent, purchased a 20-acre parcel located on the northwest corner of Poway Road and State Route 67. The parcel is generally flat and zoned Rural Residential-A (RR-A). The onsite vegetation has been historically grazed and mowed, and is exempt from the City's Habitat Conservation Plan two-acre clearing limit. Access to the parcel is from Poway Road via a shared driveway with the Peppertree Farms stables. Mr. Ho proposes the construction of an approximate 2, 700-square-foot single-family residence on the property. The home is a permitted use in the RR-A zone. As a supplemental use to the residence, Mr. Ho is proposing to construct an orchid nursery on the remainder of the property. Per the Poway Municipal Code, in the RR-A zone "All types of horticulture" are permitted. In addition, "The wholesaling of products raised on the premises, only when said property is two acres or greater in size" is a permitted use. When fully developed, the nursery could occupy approximately seven acres of the 20-acre site. Since orchids have a delicate structure, they must be grown in a controlled environment. This will require the construction of multiple groups or sections of greenhouses, or a larger greenhouse complex. Each greenhouse section is approximately 150 feet by 150 feet. Mr. Ho initially proposes to construct two rows or four greenhouse sections. Ultimately, there could be five rows or ten greenhouse sections. The number of greenhouse sections would proportionally increase with the growth of the business. The height of a greenhouse section is approximately 16 feet. While the uses proposed for the parcel are permitted, the greenhouse structure(s) will require City Council approval of a Development Review application. The Poway General Plan has designated the sections of State Route 67 and Poway Road in the area of the parcel as scenic roadways. In compliance with the General Plan guidelines for scenic roads, the project will include a six-foot-tall decorative fence and landscaping along the frontages of both roadways. The fence will be set back 50 feet from the road right-of-way. Since the property has never been developed, the public's general perception is that the parcel will remain vacant. The construction of up to ten greenhouse sections, 16 feet tall, will create a noticeably visible difference in this area of the City. Mr. Ho is seeking City Council direction on: [1] the appropriateness of the proposed nursery use, and [2] the scale and appearance of the greenhouse sections. Mr. Ho is open to City Council suggestions on how the building(s) could be designed to minimize their visual impact in the area. Consultant for Mr. Ho 10 of 11 ATTACHMENT D February 4, 2020, Item #6 City -Council for the .City of POWay1 her$.inafter tefarreq to a~ ~city"":a.nd tAr~ Eric HG-____ ......._ __________ _,_ hereinafter referred to as::"Proponent' enter into this J.\greetnent of Uoder$landing ~ upon the folJowtng rad$~ Pt-opon,e·nt owns or has an equitable interest ln land described by tax:. A~rs P.arpet-Numher{s} __ . ..,_._ __ 3_2_:2_+-0_· ___ · __ 11_:_·--09_/_: :, __ , ______ . Proponent desires ·ta develop this property '.in a:ccorctance with the wfH of the City ~nd withoyt-ttie expense..-·of ~ protracted oo.v~k.>pment .. City is -concerned. ~hat ProporlElnt ,wrn cr~a.t~ oeveiopment plans. uns.atisfrs1ctory to City (;lnd··co-n$ume·time and effott o.f Ci1;y-·etnployaes needlessly on unsatisractdty" d~-velopm~nt.p,lanij Pn~ss City assis"ts: in direc.tir19 Proponent. Based upon 'the above- mentioned facts, City will gram 'Proponent a hearing prior'to filing f.lhy' $pplioatiQn for d~v~topment Upt)n the following underatand1n~: a~ 'C,ify w.m rend~ no decision with re.garde to any development proposal or part· tilerfg()f,. . b-5 Cify.· wm receive no evidence_, s,pecificUn rra.tµr~,. in -stipport· a.f c:1. pc1rtl.c.t.1lar :devefopmentptan::~ · :e~ Qtty W-iJl m~e .110 repreS.entaf.iQO$ that -wJ.U Qbljgate ~-City tc render .~tdecision in. favor of.o.rt1gafo$.t ~my development prqpos.al or pftrtthereof Proponent ·may .subse-ctuently .submit ·· d. lf ·any tlevelopnte.nt proposal Js-·sub.sequently subtriittedr Prop:one.nt wiU proceed a;t it~-:.s·QJe anq exciu$iV.e. risk.with the WldetS.fandtng that City has made· no repr~ntatiotts ~n which F"r:qponent may rely. Dated: :Propo.nent:. $.ignature 11 of 11 ATTACHMENT E February 4, 2020, Item #7 DATE: TO: FROM: CONTACT: SUBJECT: Summary: AGENDA RE PO RT City of Poway February 4, 2020 Honorable Mayor and Members of the City Council Aaron Beanan, Director of Finance -fa::, Aaron Beanan, Director of Finance (858) 668-4411 or abeanan@poway.org Water Customer Bill Credit CITY COUNCIL On Friday Nov. 29, 2019, rainwater runoff entered the clearwell and discolored the water. As a result, the State issued a precautionary boil water advisory on Saturday Nov. 30, 2019. Even though all State certified lab tests showed there was no bacteria in the water and it met all health standards, residents were advised to boil water and businesses had to close per the San Diego County Department of Environmental Health. The precautionary boil water advisory was lifted on Friday Dec. 6, 2019. This advisory event had a significant impact on the City of Poway community. As such, City Council directed staff to calculate a one-time water fixed charge bill credit equal to 1 /8 of a customer's normal fixed charge and explore the feasibility of calculating a one-time water commodity charge credit during the period in which the precautionary boil water advisory was in effect. This report discusses the magnitude and process for issuing one-time bill credits. Recommended Action: It is recommended that the City Council issue one-time fixed charge credits and one-time variable charge credits , equal to 1 /8 of a water customer's applicable charges, to those customers who experienced the precautionary boil water advisory event ("Event") in a total amount not to exceed $420,000 using the General Fund's Extreme Events/Public Safety reserve per City Council direction at the Dec. 17, 2019 council meeting, Discussion: On Friday Nov. 29, 2019, rainwater runoff entered the clearwell and discolored the water. As a result, the State issued a precautionary boil water advisory on Saturday Nov. 30, 2019. Even though all State certified lab tests showed there was no bacteria in the water and it met all health standards, residents were advised to boil water and businesses had to close per the San Diego County Department of Environmental Health. The precautionary boil water advisory was lifted on Friday Dec. 6, 2019. This advisory had a significant impact on the City of Poway community. As such, City Council directed staff to calculate a one-time water fixed charge bill credit equal to 1 /8 of a customer's normal fixed charge and explore the feasibility of calculating a one-time water commodity charge credit during the 1 of 4 February 4, 2020, Item #7 period in wh ich the precautionary boil water adv isory was in effect. The credit is equal to 1 /8 of the app li cab le w ater charges because it represents the w ee k per iod customers were inconven ienced out of their normal bi-monthly, or 8-week, bill cycle during the Event. Bill Credit Analysi s Staff analyzed the estimated costs associated with providing the bill credits. The cost associated with providing a 1 /8 fixed charge bill credit based on each customer's meter size is estimated at just over $86,000. The average fixed charge bill credit is $6.26 with the most common fixed charge bill credit being $5.29, or 1 /8 of a ¾" meter's fixed charge of $42.28. This makes sense given residential customers with a ¾" meter are the most common water customer type. The estimated cost associated with providing a 1/8 commodity charge bill credit based on each customer's bi -monthly bill covering the Event is approximately $323,000. The average commodity charge bill credit is $23.43. There is a large range in the commodity charge bill credits because customer usage varies a lot from customer to customer. The minimum commodity charge bill credit is less than a dollar while the maximum is over $4,000. Customers receiving bill credits in excess of $100 are typically large residential or non-residential customers. The chart below shows the estimated distribution affixed plus commodity charge bill credits to water customers . Total Pr ecautionary Boil Water Adv i so r y Bi ll Cred it 7,000 6,189 6 ,000 ~ 5,000 (lJ 4 ,386 E 0 ~ 4,000 :::, u -0 .... 3,000 (lJ .0 E :::, 1,821 z 2,000 I 899 1,000 I 448 -27 8 1 0-10 10 -20 20-50 50 -100 100 -500 500 -1,000 - 2,000 -3,000 -4 ,000 - 1,000 2,000 3,000 4,000 5,000 Bill Cred it ($) As the chart shows, more than 10,500 water customers, or approximately 77%, will receive a bill credit between $10 and $50 . Slightly more than 13% of customers will receive a bill credit which is $10 or less . Approximately 7% of customers will receive a bill credit between $50 and $100. While the total estimated costs associated with a 1 /8 fixed charge and commodity charge credit are approximately $409,000, staff recommends giving authority for up to $420,000 in bill credits for the reasons described in the following sections of this report. 2 of4 February 4, 2020, Item #7 Bill Credit Eligibility Staff proposes that only single-family residential customers, multi-family residential customers and non -residential customers are eligible to receive a bill credit. Further, staff proposes only customers within those categories that were affected by the Event would be eligible for the bill credit. People who established water service after the precautionary boil water advisory was lifted on Friday Dec. 6, 2019, or people who experienced the Event but have since relocated would not be eligible for the bill credit. Lastly, staff proposes that landscape irrigation customers, recycled •water customers, and city accounts would not be eligible for the credits. These eligibility recommendations provide the credits to those impacted by the Event while trying to eliminate the credits provided to those that were not. Timeline The timeline becomes an important factor in determining eligibility if staff's recommendation that only customers affected by the Event, as described above, receive a bill credit. There are four bimonthly billing cycles for customers given the time it takes to read the meters and process the information for billing. In order to capture each customer's bill impacted by the Event, staff must have time to read the meters and pull the billing data from the billing cycles covering the Event. The approximate timeline below shows the four bimonthly billing cycles in relationship to the Event, tonight's Council meeting, and when customers could expect to receive the bill credits. Bill Cycle 4 Bill Cycle 1 Bill Cycle 3 Bill Cycle 2 OCTOBER Event NOVEMBER I ~ ~ /1 Bill Credits JANUARY FEBRUARY MARCH APRIL ~MBER □ I I □ I As the graphic shows, staff will not have all the information necessary to process credits for customers impacted by the Event until the first part of February. If the bill credits are approved by Council, customers will start seeing the credits on the March bills, with the last customers seeing the credits on those bills mailed at the end of April. Environmental Review: This action is not subject to review under the California Environmental Quality Act (CEQA). Fiscal Impact: Pursuant to the General Fund Reserve Policy (Policy), the General Fund Extreme Events/Public Safety reserve was established as a hedge against natural disasters, other public safety emergencies, and unexpected infrastructure repair and replacement. Pursuant to the Policy, in the event City Council authorizes use of the General Fund reserve, the City Manager shall propose a plan for the replenishment of the reserves to the City Council within 60 days or as soon as practicable. Further, the Policy states the City will strive to replenish the General Fund reserve within one year of use, but will fully replenish the reserve within five years of use. The total estimated fiscal impact associated with issuing 1 /8 fixed charge credit and a 1 /8 commodity charge credit is no more than $420,000. This amount is slightly higher than staff's current estimates because not all the billing cycle information for those customers impacted by the Event is available yet as described in the timeline section of this report. Even though staff is requesting authority for slightly more than current estimates to be conservative, staff anticipates the amount will be less than 3 of 4 this total once the last bill cycle is included in the analysis. Staff believes the actual amounts will be less because the time period covered by the final bill cycle covers cooler and wetter months, which typically leads to lower consumption. Based on the City Council direction at the Dec. 17, 2019 council meeting, staff recommends appropriating up to $420,000 from the General Fund Extreme Events/Public Safety reserve (Acct No. 1120-53300) and transferring the funds to the water fund (Acct No. 5100-52300) to cover the costs of the bill credits. The actual amounts appropriated and transferred will be based on the actual credits applied to water customers bills during the March and April timeframes pursuant to the recommended eligibility requirements. There are sufficient funds in the General Fund Extreme Events/Public Safety reserve for this appropriation. Staff will return to Council during the mid-year budget with a plan to replenish the General Fund reserve. Any plans proposed will not include the use of water funds and therefore not impact ratepayers. Public Notification: None. Attachments: None. Reviewed/ Approved By: Wendy aserman Assistant City Manager 4of4 Reviewed By: Alan Fenstermacher City Attorney Approved By: Chr� City Manager February 4, 2020, Item #71~ f \ DATE: TO: FROM: AGENDA R EPORT CityofPoway February 4, 2020 Honorable Mayor and Members of the City Council Alan Fenstermacher, City Attorney CITY COUNCIL CONTACT: Alan Fenstermacher, City Attorney (858)668 -4508 or afenstermacher@poway.org SUBJECT: Workshop Regarding New State Housing Laws Summary: The City Attorney's office will be providing a presentation summarizing recently enacted housing legislation, focusing on the Housing Crisis Act of 2019 (SB 330). Recommended Action: This presentation is for informational purposes only. Discussion: Following up on the fifteen bills enacted in late 2017 (effective January 1, 2018) aimed at promoting the development of housing, largely through limiting local discretion to disapprove housing projects, the state legislature enacted a number of additional bills that further limit the City's ability to (i) disapprove or reduce the density of "housing development projects" (defined as projects proposing residential or mixed use with 2/3 of the proposed square footage being residential), or (ii) rezone property that currently permits residential uses. A number of the new provisions also require expedited review of housing development projects, including strict time limits which will affect Development Services staff. The City Attorney will make a brief presentation to the City Council recapping selected measures enacted back in 2017, as well as the new bills. The most relevant bill enacted last year was Senate Bill ("SB") 330, effective January 1, 2020 -known as the Housing Crisis Act of 2019 -and requires the following (among other things): •The City may not reduce the density or otherwise take action that would reduce the number of units allowed on any property that currently permits residential uses (not just sites identified in the City's Housing element), unless the number of residential units on another piece of property in the City is increased accordingly (known as "no net loss" requirements). •The City may not approve a housing development project that demolishes more existing housing than it develops. 1 of 3 February 4, 2020, Item #8 •All City regulations that exist at the time a "preliminary application" is submitted for a housing development project are frozen (i.e., subsequent amendments do not apply to the project). No completeness determination is required to "vest" these existing regulations. o The statutorily mandated list of information required for a preliminary application must be posted on the City's website, which staff has done. •A housing development project can only be denied (or reduced in density) if it is (i) inconsistent with an "objective" General Plan or other zoning standard, or (ii) would result in a specific adverse health and safety impact that cannot be mitigated. o The term "objective" means "involving no personal or subjective judgment by a public official and being uniformly verifiable by reference to an external and uniform benchmark or criterion available and knowable by both the development applicant or proponent and the public official." o A determination that a project is not consistent with a General Plan or other zoning standard must be made, in writing, within 30 days of the application being deemed complete. •Maximum of five public hearings for housing development projects that comply with General Plan and zoning. •For a housing development project, the City must make a number of decisions within 30 days of application submittal, including an exhaustive list of all information needed to deem the application complete. Other bills enacted in 2019 (and effective this year) have resulted in following: •Increased ability for affordable housing projects to take advantage of density bonus law, with an emphasis on affordable projects near major transit stops. •Further restrictions on accessory dwelling units (with which the City already complied). Environmental Review: This item is not subject to CEQA review. Fiscal Impact: None. Public Notification: None. 2 of 3 February 4, 2020, Item #8 Attachments: None. Reviewed/ Approved By: Wendy aserman Assistant City Manager Reviewed By: Alan Fenstermacher City Attorney Approved By: (}J!AL /) cWs� City Manager 3 of 3 February 4, 2020, Item #8