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HomeMy WebLinkAbout11.13.2024@630 Regular CCWednesday, November 13, 2024 6:30 PM City of South San Francisco P.O. Box 711 South San Francisco, CA Library Parks & Recreation Building, Council Chambers 901 Civic Campus Way, South San Francisco, CA City Council JAMES COLEMAN, Mayor (District 4) EDDIE FLORES, Vice Mayor (District 5) MARK ADDIEGO, Councilmember (District 1) MARK NAGALES, Councilmember (District 2) BUENAFLOR NICOLAS, Councilmember (District 3) ROSA GOVEA ACOSTA, City Clerk FRANK RISSO, City Treasurer SHARON RANALS, City Manager SKY WOODRUFF, City Attorney Regular Meeting Agenda Teleconference Location: Hilton Tampa Downtown, Lobby 211 North Tampa St. Tampa, FL 33602 1 November 13, 2024City Council Regular Meeting Agenda How to observe the Meeting (no public comment, including via Zoom): 1) Local cable channel: Astound, Channel 26, Comcast, Channel 27, or AT&T, Channel 99 2) https://www.ssf.net/Government/Video-Streaming-City-and-Council-Meetings/City-Council 3) https://www.youtube.com/@CityofSouthSanFrancisco/streams 4) Zoom meeting (streaming only): https://ssf-net.zoom.us/j/88636346631 Webinar ID: 886 3634 6631 Join by Telephone: +1 669 900 6833 How to submit written Public Comment before the City Council Meeting: Members of the public are encouraged to submit public comments in writing in advance of the meeting via the eComment tab by 4:30 p.m. on the meeting date. Use the eComment portal by clicking on the following link : https://ci-ssf-ca.granicusideas.com/meetings or by visiting the City Council meeting's agenda page. eComments are also directly sent to the iLegislate application used by City Council and staff. How to provide Public Comment during the City Council Meeting: COMMENTS ARE LIMITED TO THREE (3) MINUTES PER SPEAKER During a meeting, comments can only be made in person: Complete a Digital Speaker Card located at the entrance to the Council Chambers. Be sure to indicate the Agenda Item # you wish to address or the topic of your public comment. When your name is called, please come to the podium, state your name and address (optional) for the Minutes. American Disability Act: The City Clerk will provide materials in appropriate alternative formats to comply with the Americans with Disabilities Act. Please send a written request to Office of the City Clerk at 400 Grand Avenue, South San Francisco, CA 94080, or email at [email protected]. Include your name, address, phone number, a brief description of the requested materials, and preferred alternative format service at least 72-hours before the meeting. Accommodations: Individuals who require special assistance of a disability -related modification or accommodation to participate in the meeting, including Interpretation Services, should contact the Office of the City Clerk by email at [email protected], 72-hours before the meeting. Page 2 City of South San Francisco Printed on 11/14/2024 2 November 13, 2024City Council Regular Meeting Agenda CALL TO ORDER ROLL CALL PLEDGE OF ALLEGIANCE AGENDA REVIEW LEVINE ACT DISCLOSURES (SB 1181) If you have donated $250 or more to the campaign of a South San Francisco elected official in the past twelve (12) months, please read the following paragraphs carefully: • The Levine Act (Gov. Code § 84308) requires any Party, Agent, or Participant, as defined in §84308(a), of a proceeding involving any grants, denials, renewals, restrictions, or modifications to any licenses and permits, entitlements for use, contracts, or franchises (“Proceeding”), to disclose on the record any contributions they have made to any elected, appointed, or candidate for City Officer totaling more than $250 within the preceding 12 months. • The Levine Act also requires any elected, appointed, alternate, or candidate for City Officer who has received a contribution totaling $250 within the past 12 months from a Party, Agent, or Participant of a Proceeding to (1) disclose that fact on the record involving the Proceeding and (2) to recuse themselves from, and in no way attempt to use their official position to influence any decision involving, the Proceeding. • Elected, appointed, alternates, or candidates for City Officer are prohibited from accepting, soliciting, and directing, and Parties, Participants, and Agents are prohibited from making, campaign contributions of more than $250 while the Proceeding is pending and for 12 months after the date a final decision is rendered for the Proceeding. Violations of the Levine Act may result in a civil action brought by the Fair Political Practice Commission (FPPC) for an amount up to five thousand dollars ($5,000) per violation. Any person who knowingly or willfully violates any provision of the Political Reform Act is guilty of a misdemeanor and subject to a fine of up to the greater of ten thousand dollars ($10,000) or three times the amount the person unlawfully contributed upon conviction for each violation. ANNOUNCEMENTS FROM STAFF PRESENTATIONS Proclamation recognizing November 14, 2024, as Ruby Bridges Walk to School Day. (James Coleman, Mayor) 1. Proclamation recognizing Shop Small Business Saturday, November 30, 2024. (James Coleman, Mayor) 2. Page 3 City of South San Francisco Printed on 11/14/2024 3 November 13, 2024City Council Regular Meeting Agenda Proclamation celebrating November as Native American Heritage Month. (James Coleman, Mayor) 3. Certificate congratulating Assistant City Clerk Miranda for achieving her Certified Municipal Clerk designation (CMC) from the International Institute of Municipal Clerks. (James Coleman, Mayor) 4. Planning Commission Presentation regarding the role of the Commission and recent work 5. COUNCIL COMMENTS/REQUESTS PUBLIC COMMENTS Under the Public Comment section of the agenda, members of the public may speak on any item not listed on the Agenda and on items listed under the Consent Calendar. Individuals may not share or offer time to another speaker. Pursuant to provisions of the Brown Act, no action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The City Council may direct staff to investigate and/or schedule certain matters for consideration at a future Council meeting . Written comments on agenda items received prior to 4:30 p.m. on the day of the meeting will be included as part of the meeting record but will not be read aloud. If there appears to be a large number of speakers, the Mayor may reduce speaking time to limit the total amount of time for public comments (Gov. Code sec. 54954.3(b)(1).). Speakers that are not in compliance with the City Council's rules of decorum will be muted. CONSENT CALENDAR Matters under the Consent Calendar are considered to be routine and noncontroversial. These items will be enacted by one motion and without discussion. If, however, any Council member (s) wishes to comment on an item, they may do so before action is taken on the Consent Calendar. Following comments, if a Council member wishes to discuss an item, it will be removed from the Consent Calendar and taken up in order after adoption of the Consent Calendar. Motion to approve the Minutes for October 23, 2024. (Rosa Govea Acosta, City Clerk) 6. Informational report regarding update on the City of South San Francisco’s investment portfolio as of September 30, 2024 (Frank Risso, Treasurer, Karen Chang, Director of Finance, Carlos Oblites, Chandler Asset Management) 7. Report regarding a resolution accepting $5,073.37 from the South San Francisco Friends of the Library to support Library collections, programs and services, amending the Library Department’s Fiscal Year 2024-25 Operating Budget and approving Budget Amendment Number 25.026. (Valerie Sommer, Library Director) 8. Page 4 City of South San Francisco Printed on 11/14/2024 4 November 13, 2024City Council Regular Meeting Agenda Resolution accepting $5,073.37 from the South San Francisco Friends of the Library to support Library collections, programs and services, amending the Library Department’s Fiscal Year 2024-25 Operating Budget and approving Budget Amendment Number 25.026. 8a. Report regarding a resolution authorizing the City Manager to execute an agreement with Metro Mobile Communications for the purchase of 145 public safety portable radios and 65 mobile radios in an amount not to exceed $500,842.62 (Scott Campbell, Chief of Police) 9. Resolution approving an agreement with Metro Mobile Communications for the purchase of 145 public safety portable radios and 65 mobile radios in an amount not to exceed $500,842.62 and authorizing the City Manager to execute the agreement. 9a. Report regarding a resolution authorizing the acceptance of a donation of 125 boxes of chocolates from See’s Candies, valued at $3,750, for the League of California Cities annual conference held on October 15 - 18, 2024 (Rich Lee, Assistant City Manager) 10. Resolution authorizing the acceptance of a donation of 125 boxes of chocolates from See’s Candies, valued at $3,750, for the League of California Cities annual conference held on October 15 - 18, 2024 10a. ADMINISTRATIVE BUSINESS Report regarding introduction of an ordinance amending Chapter 2.85 of the South San Francisco Municipal Code to clarify the protocol for filling vacancies on the Equity and Public Safety Commission. (Schuyler Schwartz, Assistant City Attorney) 11. Ordinance amending Chapter 2.85 of the South San Francisco Municipal Code for vacancy appointments for the Equity and Public Safety Commission. 11a. ITEMS FROM COUNCIL – COMMITTEE REPORTS AND ANNOUNCEMENTS CLOSED SESSION Conference with Legal Counsel-Existing Litigation (Pursuant to Government Code Section 54956.9(d)(1)) Name of case: Marisol Arrez Cabrera v. Krishna Maharaj, et al. (San Mateo County Superior Case No. 23-CIV-04871) 12. ADJOURNMENT Page 5 City of South San Francisco Printed on 11/14/2024 5 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1085 Agenda Date:11/13/2024 Version:1 Item #:1. Proclamation recognizing November 14, 2024, as Ruby Bridges Walk to School Day. (James Coleman, Mayor) City of South San Francisco Printed on 11/8/2024Page 1 of 1 powered by Legistar™6 Dated: November 13, 2024 RECOGNIZING NOVEMBER 14, 2024, AS RUBY BRIDGES WALK TO SCHOOL DAY IN SOUTH SAN FRANCISCO WHEREAS, Ruby Bridges is an American civil rights activist who, at the age of six, was the first black child to desegregate an all-white William Frantz Elementary School in Louisiana during the New Orleans school desegregation crisis in 1960; and WHEREAS, Ruby Bridges, walked to school almost every day, and on her first day at William Frantz Elementary School was escorted by four federal marshals and spent the entire day in the principal’s office as angry parents marched into the school to remove their children; and WHEREAS, Ruby Bridges’ first day of school experience, as a result of the court order of Judge J. Skelly Wright, U.S. Circuit Judge of the U.S. Court of Appeals for the District of Columbia Circuit, was commemorated by Norman Rockwell in his painting, “The Problem We all Live With”; and WHEREAS, Ruby Bridges persevered, attending integrated schools through high school graduation and becoming an advocate for equal rights for all students; and WHEREAS, Ruby Bridges founded the Ruby Bridges Foundation in 1999 to promote, “the values of tolerance, respect, and appreciation of all differences”; and WHEREAS, the scholars of Deborah Carlino’s fifth-grade class in 2017-2018, from Martin Elementary School in the South San Francisco Unified School District learned about the life of Ruby Bridges, and as a way to honor the Civil Rights Activist, proudly founded “Ruby Bridges Walk to School Day’; and WHEREAS, at the request of Martin Elementary School of the South San Francisco Unified School District, the San Mateo County Board of Education and Superintendent of Schools adopted a Resolution No. 18-52 on October 17, 2018, creating Ruby Bridges Walk to School Day in San Mateo County to be honored annually on November 14. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San Francisco do hereby proclaim November 14, 2024, as “Ruby Bridges Walk to School Day” in South San Francisco and commend all students, families, and educators for participating in this significant day to honor the Civil Rights Activist. ________________________________ James Coleman, Mayor ________________________________ Eddie Flores, Vice Mayor ________________________________ Mark Addiego, Councilmember ________________________________ Mark Nagales, Councilmember ________________________________ Buenaflor Nicolas, Councilmember 7 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1087 Agenda Date:11/13/2024 Version:1 Item #:2. Proclamation recognizing Shop Small Business Saturday, November 30, 2024.(James Coleman, Mayor) City of South San Francisco Printed on 11/8/2024Page 1 of 1 powered by Legistar™8 Dated: November 13, 2024 RECOGNIZING NOVEMBER 30, 2024, AS SMALL BUSINESS SATURDAY WHEREAS, the City of South San Francisco celebrates our local small businesses and the contributions they make to our local economy and community; and WHEREAS, according to the U.S. Small Business Administration, there are 34.7 million small businesses in the United States: small businesses represent 99.7% of firms with paid employees, small businesses are responsible for 61.1% of net new jobs created since 1995, and small businesses employ 45.9% of the employees in the private sector in the United States; and WHEREAS, 68 cents of every dollar spent at a small business in the United States stays in the local community and every dollar spent at small businesses creates an additional 48 cents in local business activity as a result of employees and local businesses purchasing local goods and services; and WHEREAS, 59% of U.S. consumers aware of Small Business Saturday shopped or ate at a small, independently owned retailer or restaurant on Small Business Saturday 2023; and WHEREAS, the City of South San Francisco supports our local businesses that create jobs, boost our local economy, and preserve our communities; and WHEREAS, South San Francisco Chamber of Commerce, advocacy groups, as well as public and private organizations, across the country have endorsed the Saturday after Thanksgiving as Small Business Saturday. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San Francisco does hereby proclaim November 30, 2024, as Small Business Saturday and encourages our community to support small businesses and merchants on Small Business Saturday – celebrating its 15th year in 2024 – and Shop Small throughout the year. ________________________________ James Coleman, Mayor ________________________________ Eddie Flores, Vice Mayor ________________________________ Mark Addiego, Councilmember ________________________________ Mark Nagales, Councilmember ________________________________ Buenaflor Nicolas, Councilmember 9 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1086 Agenda Date:11/13/2024 Version:1 Item #:3. Proclamation celebrating November as Native American Heritage Month.(James Coleman, Mayor) City of South San Francisco Printed on 11/8/2024Page 1 of 1 powered by Legistar™10 Dated: November 13, 2024 RECOGNIZING NOVEMBER AS NATIONAL NATIVE AMERICAN HERITAGE MONTH WHEREAS, long before European explorers set foot on the North American continent, this great land was cultivated and cherished by generations of Native Americans; and WHEREAS, the first American Indian Day was celebrated in May 1916 in New York, culminating an effort by Red Fox James, a member of the Blackfeet Nation, who rode across the nation on horseback seeking approval from 24 state governments to have a day to honor “American Indians”; and WHEREAS, Native American Awareness Week began in 1976 and recognition was expanded by Congress and approved by President George Bush in August 1990, designating the month of November as National Native American Heritage Month; and WHEREAS, we celebrate the 574 federally recognized tribes in the United States and the 9.7 million Native American and Alaska Natives for their contributions to the rich cultural tapestry of the United States; and WHEREAS, this month, we especially recognize the valuable contribution of the hundreds of thousands of American Indians and Alaska Natives who serve in the Armed Forces at five times the national average, greater than any group in the United States; and WHEREAS, in honor of National Native American Heritage Month, we encourage our community to celebrate the rich history, the generosity, and the extensive contributions, both historical and current, of our indigenous people and we recognize their stories as inextricably woven into the history of this county and city. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San Francisco remain committed to preserving and protecting Native American cultures, languages, and history, while ensuring prosperity and opportunity for all Native Americans. ________________________________ James Coleman, Mayor ________________________________ Eddie Flores, Vice Mayor ________________________________ Mark Addiego, Councilmember ________________________________ Mark Nagales, Councilmember ________________________________ Buenaflor Nicolas, Councilmember 11 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1083 Agenda Date:11/13/2024 Version:1 Item #:4. Certificate congratulating Assistant City Clerk Miranda for achieving her Certified Municipal Clerk designation (CMC) from the International Institute of Municipal Clerks.(James Coleman, Mayor) City of South San Francisco Printed on 11/8/2024Page 1 of 1 powered by Legistar™12 Jazmine Miranda, CMC October 21, 2024 13 CITY OF SOUTH SAN FRANCISCO Certificate of Recognition JAZMINE MIRANDA Certified Municipal Clerk (CMC) The City Council of South San Francisco does hereby thank and congratulate you for earning your prestigious CMC designation from the International Institute of Municipal Clerks. You are an inspiration! Presented on this 13th day of November 2024 by the City Council of South San Francisco James Coleman, Mayor District 4 Eddie Flores, Vice Mayor District 5 Mark Addiego, Councilmember District 1 Buenaflor Nicolas, Councilmember District 3 Mark Nagales, Councilmember District 2 14 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-970 Agenda Date:11/13/2024 Version:1 Item #:5. City of South San Francisco Printed on 11/8/2024Page 1 of 1 powered by Legistar™15 Planning Commission Presentation City Council Meeting November 13, 2024 16 Introduction •Purpose: •Review and act on matters related to land use planning and development •Ensure that projects and policies implement the General Plan •Provide an opportunity for public input on projects •Seven members appointed by City Council •Meets the 1st & 3rd Thursday of every month at 7:00 PM 17 Committee Members & Staff Commissioners •Norm Faria, Chair •Sarah Funes-Ozturk, Vice- Chair •Alex Tzang •Sam Shihadeh •Michele Evans •Aysha Pamucku •John Baker City Staff •Adena Friedman, Secretary to the Planning Commission •Cynthia Fregoso, Clerk 18 Responsibilities •General Plan and Zoning Code Implementation •Recommendations to the City Council on policy changes to General Plan / Zoning / Specific Plan applications •General Plan consistency findings •Review / approve Conditional Use Permit applications •Review / approve Design Review applications for new, large-scale development •CEQA Review and certification •Certificates of Alteration for Historic resources 19 Recent Project Examples •R&D Projects: •573 Forbes •101 Terminal •Vantage Master Plan (recommendation to CC) •Residential Projects •7 S Linden •1477 Huntington •Bertoluccis 20 Recent Project Examples •Use Permits •Indoor recreation (soccer & padel) •O’Reilly Auto Par ts Expansion •Amazon Parcel Hubs •PayMore Retail •Master Sign Programs 21 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1108 Agenda Date:11/13/2024 Version:1 Item #:6. Motion to approve the Minutes for October 23, 2024. (Rosa Govea Acosta, City Clerk) City of South San Francisco Printed on 11/14/2024Page 1 of 1 powered by Legistar™22 CALL TO ORDER Mayor Coleman called the meeting to order at 6:30 p.m. ROLL CALL Councilmember Addiego, present Councilmember Nagales, present Councilmember Nicolas, present Vice Mayor Flores, present Mayor Coleman, present PLEDGE OF ALLEGIANCE Executive Assistant to the City Manager Patea led the pledge. AGENDA REVIEW No changes. LEVINE ACT DISCLOSURES (SB 1181) Following an inquiry, the Council reported no disclosures. ANNOUNCEMENTS FROM STAFF • Parks and Recreation Director Mediati informed the community of the Sizzle and Sigsig Cooking Event on Thursday, October 24, 2024, at the LPR Social Hall. • Executive Assistant Patea announced City offices will be closed on November 11, 2024, in observance of Veteran’s Day. She announced the Ruby Bridges Walk to School Day will occur on Thursday, November 14, 2024, starting at City Hall. She also shared there would be a Trivia Challenge Fundraiser for project READ at the South San Francisco Conference Center on Friday, November 15, 2024. • Deputy City Manager Fernandez announced the local minimum wage increase to $17.70 per hour will take effect on January 1, 2025. MINUTES REGULAR MEETING CITY COUNCIL CITY OF SOUTH SAN FRANCISCO WEDNESDAY, OCTOBER 23, 2024 6:30 p.m. Library Parks and Recreation Building Council Chambers 901 Civic Campus Way, South San Francisco, CA 23 REGULAR CITY COUNCIL MEETING OCTOBER 23, 2024 MINUTES PAGE 2 PRESENTATIONS 1. Proclamation celebrating Extra Mile Day November 1, 2024. (James Coleman, Mayor) Mayor Coleman presented the proclamation to CERT volunteer, Christina Hong. Chrstina thanked the Council for the recognition and encouraged the community to engage in volunteer services. COUNCIL COMMENTS/REQUESTS Councilmember Nicolas expressed her appreciation to the Parks and Recreation staff for their assistance with the tree planting event in Brentwood Park. She apprised the Council and community of the events attended. She also thanked Deputy City Manager Fernandez, Public Works staff, CERT volunteers, the Philippine Nurses Association from Kaiser Permanente, and the Francis Drake Lodge for their hard work on the annual flu clinic held on October 19th. She requested the meeting be adjourned in memory of George Komis. Councilmember Nagales shared he attended the South San Francisco Chamber Installation Awards Dinner. He recognized Chamber Executive Mary Prem and congratulated all the honorees. He proposed that the City Council participate in the upcoming Trivia Challenge Fundraiser for project READ. Councilmember Addiego highlighted the Council’s support for Senate Bill 272 regarding funding for adaptation planning for sea level rise. He attended a presentation by the Bay Conservation Development Commission. He recommended residents in District 1 contact him to apply to be district representatives. Vice Mayor Flores expressed gratitude to the Council for appointing him as the City Council representative for the California League of Cities 2024 Conference. He highlighted the opportunity of engaging with leaders and experts on various issues along with effective community engagement. He shared that he was voted as President of the Legue of California Peninsula Division. Mayor Coleman shared the tree planting event in Brentwood Park was a success. He also highlighted the Senior Showcase held at the LPR hosted by the San Mateo Daily Journal. He noted that he attended the Chamber Awards for the Chamber of Commerce and presented the Mayor’s Award to the South San Francisco Education Foundation. PUBLIC COMMENTS – NON-AGENDA ITEMS The following individuals addressed the City Council: • Michael Harris • Edith Arias • Denni Harp • Cory David • Cynthia Marcopulos • Tom Carney • Paula Maruri • Dolores Piper • Fionnola Villamejor 24 REGULAR CITY COUNCIL MEETING OCTOBER 23, 2024 MINUTES PAGE 3 • Mary Prem • Cesar Dominguez CONSENT CALENDAR The Deputy City Clerk duly read the Consent Calendar, after which the Council voted and engaged in a discussion of specific items as follows. Item No. 3 was pulled by Councilmember Addiego for further discussion. 2. Motion to approve the Minutes of October 9, 2024. (Rosa Govea Acosta, City Clerk) 3. Report regarding Resolution No. 162-2024 accepting a FY 2024 Port Security Grant Program grant in the amount of $29,867.10 to purchase and install a fire suppression pump and fixed monitor for the department’s fire boat; authorizing the use of Public Safety Impact Fees in an amount not to exceed $9,955.70 to be applied as the required grant match; approving Budget Amendment Number 25.023 to the Fire Department operating budget in the amount of $39,822.80; and authorizing the City Manager to execute the purchase agreement on behalf of the City of South San Francisco with North River Boats in an amount not to exceed $39,822.80. (Matt Samson, Fire Chief) 4. Report regarding a second reading and adoption of Ordinance No. 1662-2024 amending Title 8 of the South San Francisco Municipal Code to add Chapter 8.78 to regulate certain private development projects by withholding the certificate of occupancy or building permit final when an owner or contractor has unpaid final wage theft judgments. (Tony Rozzi, Deputy Economic and Community Development Director) 5. Report regarding Resolution No. 163-2024 approving a license agreement and fee with SYNOOR LLC for tiebacks installation within the Noor Avenue Public Right-of-Way and approving Budget Amendment Number 25.020. (Matthew Ruble, Principal Engineer) 6. Report regarding Resolution No. 164-2024 approving the acceptance of grant funds from the California Department of Education’s After School Education and Safety Program for a three-year term in the amount of $283,858.56 per year (total grant amount of $851,575.68) and amending the Parks and Recreation Department and Library Department fiscal year 2024-25, 2025-26, and 2026-27 operating budgets pursuant to Budget Amendment Number 25.005. (Greg Mediati, Parks and Recreation Director) Item No. 3: Fire Chief Samson provided an update on the Fire Department’s rescue boat. Councilmember Addiego expressed support for the rescue boat being updated with fire suppression equipment. Motion – Councilmember Addiego /Second – Councilmember Nicolas: To approve Consent Calendar items 2-6 by roll call vote: AYES: Mayor Coleman, Councilmembers Addiego, Nicolas, Nagales, and Vice Mayor Flores; NAYS: None; ABSENT: None; ABSTAIN: None ADMINISTRATIVE BUSINESS 7. Report providing an update on the Linden Avenue Park project (project no. pk2305). (Philip Vitale, Deputy Director of Capital Projects) 25 REGULAR CITY COUNCIL MEETING OCTOBER 23, 2024 MINUTES PAGE 4 Deputy Director of Capital Projects Vitale presented the report and provided an overview of the project. The Council engaged in questions and discussion and noted the importance of ensuring health and safety for residents. The following individuals addressed the City Council: • Hermes Monzon • Anna Kramer • Tom Carney • Fionnola Villamejor 8. Report presenting preliminary Fiscal Year (FY) 2023-24 Year End results and FY 2024- 25 First Quarter Financial Report as of September 30, 2024 (Karen Chang, Director of Finance) Director of Finance Chang presented the report. The Council engaged in questions and discussions. The following individuals addressed the City Council: • Vivian Ramos • Tom Carney • Denni Harp 9. Report on Intersection Daylighting Plan, including a guide for enhancing new parking restrictions established by Assembly Bill No. 413. (John Wilson, Associate Civil Engineer) Associate Civil Engineer Wilson presented the report and Police Chief Campbell provided an overview of citations and collisions in the proposed areas. The Council provided feedback and highlighted the significance of community engagement and focus on high traffic areas. The following individuals addressed the City Council: • Denni Harp Meeting recessed at 10:02 p.m. Meeting resumed at 10:12 p.m. 10. Report regarding Resolution No. 165-2024 approving Budget Amendment Number 25.024 and authorizing the City’s acquisition of the Below Market Rate (BMR) unit at 2230 Gellert Boulevard, Unit 3209 (APN 104540190). (Elia Moreno, Housing Management Analyst I). Housing Management Analyst Moreno presented the report. The Council engaged in questions and discussion and expressed their support for the item. Motion – Councilmember Nicolas /Second – Councilmember Nagales: to approve Resolution No. 165-2024 approving Budget Amendment Number 25.024 and authorizing the City’s acquisition of the Below Market Rate (BMR) unit at 2230 Gellert Boulevard, Unit 3209 (APN 104540190) by 26 REGULAR CITY COUNCIL MEETING OCTOBER 23, 2024 MINUTES PAGE 5 roll call vote: AYES: Mayor Coleman, Vice Mayor Flores, Councilmembers Nicolas, Addiego, Nagales; NAYS: None; ABSENT: None; ABSTAIN: None. 11. Report regarding Resolution No. 166-2024 approving the purchase of an advanced life support ambulance, authorizing the City Manager to enter into a purchase agreement with Braun Northwest for the construction and purchase in the amount of $423,403.18, approving the purchase of tools and equipment in the amount of $55,000 and approving the use of $478,403.18 of Vehicle Replacement Funds, for a total not to exceed amount of $478,403.18. (Richard Walls, EMS Battalion Chief) Emergency Management Services Battalion Chief Walls presented the report. The Council engaged in questions and discussion and expressed their support for the item. Motion – Councilmember Nicolas /Second – Vice Mayor Flores: to approve Resolution No. 166- 2024 approving the purchase of an advanced life support ambulance, authorizing the City Manager to enter into a purchase agreement with Braun Northwest for the construction and purchase in the amount of $423,403.18, approving the purchase of tools and equipment in the amount of $55,000 and approving the use of $478,403.18 of Vehicle Replacement Funds, for a total not to exceed amount of $478,403.18 by roll call vote: AYES: Mayor Coleman, Vice Mayor Flores, Councilmembers Addiego, Nicolas, and Nagales; NAYS: None; ABSENT: None; ABSTAIN: None. 12. Report regarding Resolution No. 167-2024 approving Budget Amendment Number 25.025 appropriating $600,000 from the Park Land Acquisition Fee Fund (Fund 805) to acquire and maintain a portion of 701 Spruce Avenue (APN 012-131-040) to preserve a public access trail and authorizing the City Manager to enter into a Purchase and Sale Agreement for the acquisition. (Tony Rozzi, Deputy Economic and Community Development Director) Deputy Economic and Community Development Director Rozzi presented the report. The Council engaged in questions and discussion surrounding the appraisal price and benefit of acquiring the space. Motion – Councilmember Addiego /Second – Councilmember Nicolas: to approve Resolution No. 167-2024 approving Budget Amendment Number 25.025 appropriating $600,000 from the Park Land Acquisition Fee Fund (Fund 805) to acquire and maintain a portion of 701 Spruce Avenue (APN 012-131-040) to preserve a public access trail and authorizing the City Manager to enter into a Purchase and Sale Agreement for the acquisition by roll call vote: AYES: Mayor Coleman, Vice Mayor Flores, Councilmembers Nagales, Nicolas, and Addiego; NAYS: None; ABSENT: None; ABSTAIN: None. ITEMS FROM COUNCIL – COMMITTEE REPORTS AND ANNOUNCEMENTS 13. Council discussion on Delegate for National League of Cities Annual Business Meeting on November 16, 2024, in Tampa, FL. (Eddie Flores, Vice Mayor) 27 REGULAR CITY COUNCIL MEETING OCTOBER 23, 2024 MINUTES PAGE 6 After Council review and discussion, Vice Mayor Flores was appointed to serve as a voting delegate with Councilmember Nicolas attending as an alternate. CLOSED SESSION Entered into Closed Session: 10:48 p.m. 14. Closed Session: Conference with Legal Counsel - Anticipated Litigation (Pursuant to Government Code Section 54956.9(d)(2)) Significant Exposure to Litigation: One potential case (Sky Woodruff, City Attorney, Lindsay D’Andrea, Assistant City Attorney, Angel Torres, Senior Civil Engineer) 15. Conference with Real Property Negotiators (Pursuant to Government Code Section 54956.8) Property: DNA Way, Point San Bruno Blvd, and a portion of Cabot Road Agency negotiators: Nell Selander, Director of Economic and Community Development, and Sky Woodruff, City Attorney Negotiating parties: Genentech, Inc. Under negotiation: Price and terms 16. Closed Session: Conference with Legal Counsel - Anticipated Litigation (Pursuant to Government Code Section 54956.9(d)(2)) Significant Exposure to Litigation: Two potential cases (Sky Woodruff, City Attorney and Christina Fernandez, Deputy City Manager) 17. Conference with Real Property Negotiators (Pursuant to Government Code Section 54956.8) Property: 400 Miller Avenue (APN 012-303-110) City Negotiators: Nell Selander, Economic and Community Development Director, and Sky Woodruff, City Attorney Negotiating Party: Nisar M Shaikh Trust Under Negotiations: Price and terms Resumed from Closed Session: 12:00 a.m. ADJOURNMENT Being no further business, Mayor Coleman adjourned the City Council meeting at 12:01 a.m. 28 REGULAR CITY COUNCIL MEETING OCTOBER 23, 2024 MINUTES PAGE 7 *** Adjourned in Memory of George Komis *** Submitted by: Approved by: Sarah Harper James Coleman Deputy City Clerk Mayor Approved by the City Council: / / NOTE: The Meeting Minutes represent actions taken during the meeting of the City Council. Complete Council members discussions of meeting items can be viewed in archived video/audio recordings on the City’s website at https://www.ssf.net/Government/Video-Streaming-City-and-Council-Meetings/City- Council Public comments submitted via the eComment portal can be viewed in the City Clerk’s repository at https://ci-ssf-ca.granicusideas.com/meetings?scope=past 29 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1076 Agenda Date:11/13/2024 Version:1 Item #:7. Informational report regarding update on the City of South San Francisco’s investment portfolio as of September 30,2024 (Frank Risso,Treasurer,Karen Chang,Director of Finance,Carlos Oblites,Chandler Asset Management) RECOMMENDATION Staff recommends that the City Council receive an information report on the investment portfolio for the quarter ended September 30, 2024. BACKGROUND/DISCUSSION California Government Code Section 53600 et seq.,strictly governs the investment activities related to public funds.Code provides guidance and restrictions related to permitted investment sectors,concentration limits, minimum credit quality,and maximum maturities permitted.Public agencies may only invest in fixed income securities.The purchase of stock is prohibited.Therefore,the City primarily invests in highly rated debt securities,such as U.S.Treasury obligations,federal agency,and government-sponsored enterprise debt,as well as obligations issued by high credit quality,and non-governmental entities such as corporations,issuers of passthrough securities, and supranational issuers. California Government Code also specifies that the investment objectives of public agency investment programs shall be safety,liquidity,and return,in that order.As such,the safety of principal is the foremost objective of the City’s investment program.The investment program must remain sufficiently liquid to enable the City to meet all cash requirements.The City collaborates with its registered investment advisor,Chandler Asset Management,in managing the City’s funds.The City’s investment program totals nearly $335 million,of which Chandler Asset Management (Chandler)currently manages $280 million.The Chandler-managed portion is comprised of the City’s Mid-Term Portfolio targeting a duration of 2.76 years ($207,645,629), Limited Maturity Portfolio which is structured to achieve competitive yields for a portion of the City’s most liquid funds ($66,705,773),and a smaller Pension Reserve Portfolio ($6,052,977).The remainder comprises cash and investments held in the Local Agency Investment Fund (LAIF),the State Treasurer’s investment pool for California local governments. The City’s investment program remained safe and liquid during the past year.The portfolio’s large allocation to US Treasury and Agency securities continues to provide a buffer to other markets with their strong liquidity characteristics. Chandler will continue to evaluate and monitor all portfolio holdings. FISCAL IMPACT There is no fiscal impact in receiving this informational report. RELATIONSHIP TO STRATEGIC PLAN The investment portfolio is consistent with the City’s Priority Area 3, Financial Stability. CONCLUSION The Investment portfolio is in compliance with the California Government Code and the City’s Investment City of South San Francisco Printed on 11/14/2024Page 1 of 2 powered by Legistar™30 File #:24-1076 Agenda Date:11/13/2024 Version:1 Item #:7. The Investment portfolio is in compliance with the California Government Code and the City’s Investment Policy. The City has sufficient cash and investments to meet its obligations over the next six months. Attachments: Attachment 1 - Investment Report for period ending September 30, 2024 City of South San Francisco Printed on 11/14/2024Page 2 of 2 powered by Legistar™31 INVESTMENT REPORT City of South San Francisco | As of September 30, 2024 CHANDLER ASSET MANAGEMENT | chandlerasset.com Chandler Team: For questions about your account, please call (800) 317-4747, or contact [email protected] Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.32    Recent economic data suggests positive but slower growth this year fueled by consumer spending.While the consumer has been resilient, declining savings rates,growing credit card debt, higher delinquencies, and a moderating labor market pose potential headwinds to future economic growth.Inflationary trends are subsiding, but core levels remain above the Fed’s target.The labor market is showing signs of cooling,reflecting an improved balance between supply and demand for workers.Given the cumulative effects of restrictive monetary policy and tighter financial conditions,we believe the economy will gradually soften and the Fed will continue to lower rates at a measured pace through this year with the ability to move more aggressively should the employment data warrant. The Federal Open Market Committee (FOMC)delivered the first rate cut of the easing cycle with a 50 basis point cut at the September meeting.Although a reduction in the Fed Funds Rate was widely anticipated,the magnitude was somewhat of a surprise,as market participants were split between whether the FOMC would cut by 25 basis points or 50 basis points.Chair Jerome Powell reiterated previous statements acknowledging that monetary policy has shifted into a more balanced approach addressing price stability and full employment in tandem. The Fed released the quarterly Summary of Economic Projections (SEP)which now forecasts a substantially lower median Fed Funds Rate expectation among Fed Governors in 2025 due to lower inflation expectations and a higher projected unemployment rate.We believe the Fed will continue to lower rates at a measured pace through this year with the ability to move more aggressively should the employment data warrant. The US Treasury yield curve shifted lower in September following the 50 basis points rate cut by the FOMC mid-month. The 2-year Treasury yield fell 28 basis points to 3.64%,the 5-year Treasury dropped 15 basis points to 3.56%,and the 10-year Treasury yield declined 12 basis points to 3.78%.The 2-year and 10-year Treasury yield points on the curve began to normalize to +14 basis points at September month-end versus -2 basis points at August month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -47 basis points. The inversion between 3-month and 10-year Treasuries ended the month of September at -85 basis points. ECONOMIC UPDATE 1 33 Source: Federal Reserve Source: Bloomberg 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 Federal Reserve Balance Sheet Assets Recession In $ m i l l i o n s The Federal Open Market Committee (FOMC) delivered the first rate cut of the easing cycle at the September meeting. Although a reduction in the Fed Funds Rate was widely anticipated, the magnitude was somewhat of a surprise, as market participants were split between whether the FOMC would cut by 25 basis points or 50 basis points. Chair Jerome Powell reiterated previous statements acknowledging that monetary policy has shifted into a more balanced approach addressing price stability and full employment in tandem. The Fed released the quarterly Summary of Economic Projections (SEP) which now forecasts a substantially lower median Fed Funds Rate expectation among Fed Governors in 2025 to 3.1 – 3.6%. The Fed continues to reduce its holdings of U.S. Treasury securities and agency mortgage-backed securities as per its predefined schedule of $25 billion and $35 billion per month. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by approximately $1.8T to approximately $7.1T. 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Effective Federal Funds Rate Recession Yi e l d ( % ) FEDERAL RESERVE 2 34 Source: Bloomberg Source: Bloomberg 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% US Treasury Note Yields 2-Year 5-Year 10-Year Y i e l d ( % ) 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% US Treasury Yield Curve Sep-24 Jun-24 Sep-23 Yi e l d ( % ) At the end of September,the 2-year Treasury yield was 140 basis points lower,and the 10-Year Treasury yield was 79 basis points lower, year-over-year.The 2-year and 10-year Treasury yield points on the curve began to normalize to +14 basis points at September month-end versus -2 basis points at August month-end. The yield curve inversion which began in July 2022 was historically long.The average historical spread (since 2003)is about +110 basis points. The inversion between 3-month and 10-year Treasuries tightened to -85 basis points in September from -121 basis points in August. BOND YIELDS 3 35 ACCOUNT PROFILE 4 36 OBJECTIVES So San Francisco | As of September 30, 2024 Investment Objectives The City of South San Francisco's investment objectives, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program. Chandler Asset Management Performance Objective The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index. Strategy In order to achieve these objectives, the portfolio invests in high quality fixed income securities consistent with the investment policy and California Government Code. 5 37 CITY INVESTMENT PROGRAM COMPONENTS AS OF SEPTEMBER 30, 2024 Inception Market Value as of September 30, 2024 Mid-Term Portfolio March 31, 2009 $207,645,629 Limited Maturity Portfolio January 31, 2023 $66,705,773 Pension Reserve Portfolio December 31, 2022 $6,052,977 Liquidity (Investment Pools and Cash)N/A $54,636,637 Total Investment Program 335,041,016 Source:Chandler Asset Management. 6 38 CITY INVESTMENT PROGRAM EARNINGS AS OF JUNE 30, 2024 FY 2023-24 Interest Income FY 2022-23 Interest Income Mid-Term Portfolio $3,989,531 $3,386,338 Limited Maturity Portfolio $2,979,563 $1,229,567 Pension Reserve Portfolio $245,255 $153,259 Total Investment Program Managed by Chandler $7,214,349 $4,769,164 Source:Chandler Asset Management.Does not include changes in fair value. 7 39 CITY INVESTMENT PROGRAM EARNINGS FYTD 2024-25 First Three Months FY 2024-25 Interest Income First Three Months FY 2023-24 Interest Income Mid-Term Portfolio $1,463,427 $ 798,313 Limited Maturity Portfolio $ 845,259 $ 850,498 Pension Reserve Portfolio $ 70,669 $ 62,402 Total Investment Program Managed by Chandler $ 2,379,355 $ 1,711,213 Source:Chandler Asset Management.Does not include changes in fair value. 8 40 PORTFOLIO CHARACTERISTICS So San Francisco Cons Portfolio | Account #10061 | As of September 30, 2024 9/30/2024 Portfolio 6/30/2024 Portfolio Average Maturity (yrs)1.96 1.77 Average Modified Duration 1.71 1.54 Average Purchase Yield 3.71%3.83% Average Market Yield 3.96%4.75% Average Quality**AA+AA+ Total Market Value 335,041,016 351,695,482 *Benchmark: NO BENCHMARK REQUIRED **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 9 41 SECTOR DISTRIBUTION So San Francisco Cons Portfolio | Account #10061 | As of September 30, 2024 Sector as a Percentage of Market Value Sector 09/30/2024 06/30/2024 US Treasury 39.90%35.73% Corporate 16.60%14.47% Agency 12.37%15.38% LAIF 11.83%20.46% ABS 5.92%5.43% Agency CMBS 5.62%3.68% Cash 4.37%2.23% Supras 2.72%2.52% Money Mkt Fd 0.66%0.10% 10 42 DURATION DISTRIBUTION So San Francisco Cons Portfolio | Account #10061 | As of September 30, 2024 Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+ 09/30/2024 36.8%0.3%5.0%16.7%13.0%19.3%9.0%0.0%0.0% 06/30/2024 40.6%3.1%2.9%17.6%15.8%17.9%6.9%0.0%0.0% 11 43 HISTORICAL AVERAGE PURCHASE YIELD So San Francisco Cons Portfolio | Account #10061 | As of September 30, 2024 Purchase Yield as of 09/30/24 = 3.71% 12 44 PORTFOLIO CHARACTERISTICS So San Francisco Mid-Term (Chandler) | Account #10059 | As of September 30, 2024 Benchmark*9/30/2024 Portfolio 6/30/2024 Portfolio Average Maturity (yrs)2.76 3.05 2.97 Average Modified Duration 2.58 2.64 2.58 Average Purchase Yield 3.40%3.19% Average Market Yield 3.65%3.89%4.84% Average Quality**AA+AA+AA+ Total Market Value 207,645,629 200,593,548 *Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 13 45 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception TOTAL RATE OF RETURN So San Francisco MidTerm (CAM)3.52%7.88%5.17%1.20%1.62%1.78%1.79% Benchmark 3.37%7.44%4.75%0.76%1.28%1.49%1.54% *Periods over 1 year are annualized. Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio. INVESTMENT PERFORMANCE So San Francisco Mid-Term (Chandler) | Account #10059 | As of September 30, 2024 Total Rate of Return : Inception |04/01/2009 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 12 months 2 years 3 years 5 years 10 years Since Inception So San Francisco Mid-Term (Chandler) Portfolio ICE BofA 1-5 Yr US Treasury & Agency Index 14 46 PORTFOLIO CHARACTERISTICS So San Francisco Limited Maturity | Account #10590 | As of September 30, 2024 Benchmark*9/30/2024 Portfolio 6/30/2024 Portfolio Average Maturity (yrs)1.92 0.13 0.18 Average Modified Duration 1.82 0.12 0.18 Average Purchase Yield 4.93%5.39% Average Market Yield 3.71%4.72%5.23% Average Quality**AA+AAA AAA Total Market Value 66,705,773 65,818,779 *Benchmark: ICE BofA 1-3 Year US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 15 47 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception TOTAL RATE OF RETURN So San Francisco Limited Mat 1.35%5.37%4.35%2.89%2.25%2.33% *Periods over 1 year are annualized. Benchmark: ICE BofA 1-3 Year US Treasury & Agency Index Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio. INVESTMENT PERFORMANCE So San Francisco Limited Maturity | Account #10590 | As of September 30, 2024 Total Rate of Return : Inception |05/01/2018 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 12 months 2 years 3 years 5 years 10 years Since Inception So San Francisco Limited Maturity 16 48 PORTFOLIO CHARACTERISTICS City of South San Fran Pen Res | Account #11042 | As of September 30, 2024 Benchmark*9/30/2024 Portfolio 6/30/2024 Portfolio Average Maturity (yrs)2.76 2.99 2.95 Average Modified Duration 2.58 2.63 2.59 Average Purchase Yield 4.37%4.41% Average Market Yield 3.65%3.86%4.83% Average Quality**AA+AA AA Total Market Value 6,052,977 5,847,635 *Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 17 49 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception TOTAL RATE OF RETURN City of South San Fran Pen Res 3.51%7.86%5.62% Benchmark 3.37%7.44%4.89% *Periods over 1 year are annualized. Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio. INVESTMENT PERFORMANCE City of South San Fran Pen Res | Account #11042 | As of September 30, 2024 Total Rate of Return : Inception |01/01/2023 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 12 months 2 years 3 years 5 years 10 years Since Inception City of South San Fran Pen Res ICE BofA 1-5 Yr US Treasury & Agency Index 18 50 PORTFOLIO CHARACTERISTICS So San Francisco Liquidity Portfolio | Account #10060 | As of September 30, 2024 Benchmark*9/30/2024 Portfolio 6/30/2024 Portfolio Average Maturity (yrs)0.49 0.00 0.00 Average Modified Duration 0.47 0.00 0.00 Average Purchase Yield 3.31%4.12% Average Market Yield 4.41%3.31%4.12% Average Quality**AA+AAA AAA Total Market Value 54,636,637 79,435,520 *Benchmark: ICE BofA US 6-Month Treasury Bill Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 19 51 IMPORTANT DISCLOSURES So San Francisco | As of September 30, 2024 2024 Chandler Asset Management, Inc, An Independent Registered Investment Adviser. Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A. Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio. Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index. Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services. This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment. Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates. Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy. Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively. 20 52 BENCHMARK DISCLOSURES So San Francisco | As of September 30, 2024 Benchmark Disclosure ICE BofA 1-5 Yr US Treasury & Agency Index The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. ICE BofA 1-3 Yr US Treasury & Agency Index The ICE BofA 1-3 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. 21 53 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1080 Agenda Date:11/13/2024 Version:1 Item #:8. Report regarding a resolution accepting $5,073.37 from the South San Francisco Friends of the Library to support Library collections,programs and services,amending the Library Department’s Fiscal Year 2024-25 Operating Budget and approving Budget Amendment Number 25.026.(Valerie Sommer, Library Director) RECOMMENDATION It is recommended that the City Council adopt a resolution accepting $5,073.37 from the South San Francisco Friends of the Library to support Library collections,programs,and services,amending the Library Department’s Fiscal Year 2024-25 (FY 2024-25)Operating Budget,and approving Budget Amendment Number 25.026. BACKGROUND/DISCUSSION The South San Francisco Friends of the Library (FOL)do most of their fundraising through book sales in the Main Library.In addition to a daily sale in the lobby,the FOL schedule at least one larger book sale each year. Their upcoming larger book sale is scheduled for Saturday,November 16,2024,in the Community Room, Library I Parks and Recreation Center.The FOL directs funds to support special library programs,collections, supplies,and staff and volunteer appreciation.At their quarterly general membership meeting,the FOL typically approves funding requests from Library staff.At the FOL meeting of October 8,2024,members in attendance approved $4,773.37 in funding for library programs and supplies at Main and Grand Libraries.An additional $300 was donated to the Library via the FOL to purchase e-Books. The $5,073.37 in FOL donations includes: ·$ 53.84 for KEVA Contraptions Reaction Kit - STEM programming ·$ 82.40 for Squishy Circuits Deluxe Kit - STEM programming ·$ 150.00 for Adult Crafternoon activities (3-month supply) ·$ 207.67 for MakeDo Invent Kit Cardboard Construction System for Engineering skills ·$ 300.00 for eBook collection purchases ·$ 445.01 for Stick Together Sticker Puzzle ·$ 450.00 for Children’s Story time supplies for Toddler, Baby, Cantonese story times ·$ 500.00 for Children’s Programming - Lunar New Year ·$ 515.34 for Rigaig Junior Builder wooden engineering set for Discovery Center and class visits ·$ 769.11 for MakeyMakey STEM Kit ·$800.00 for Adult Programming -Winter Events (Asian Art Museum programs,Black History Month ·$ 800.00 for Grand Programming - Fall/Winter Events City of South San Francisco Printed on 11/14/2024Page 1 of 2 powered by Legistar™54 File #:24-1080 Agenda Date:11/13/2024 Version:1 Item #:8. FISCAL IMPACT Funds will be used to amend the Library Department’s current FY 2024-25 Operating Budget.Receipt of these funds does not commit the City to ongoing funding. RELATIONSHIP TO STRATEGIC PLAN Acceptance of this funding will contribute to the City’s Strategic Plan under Priority #2,Quality of Life and Priority #6 Community Connections by supporting community engagement and learning opportunities. CONCLUSION Acceptance of this resolution will support Library collections,programs,and services.It is recommended that the City Council accept $5,073.37 from the FOL,amend the Library Department’s FY 2024-25 Operating Budget, and approve Budget Amendment Number 25.026. City of South San Francisco Printed on 11/14/2024Page 2 of 2 powered by Legistar™55 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1081 Agenda Date:11/13/2024 Version:1 Item #:8a. Resolution accepting $5,073.37 from the South San Francisco Friends of the Library to support Library collections,programs and services,amending the Library Department’s Fiscal Year 2024-25 Operating Budget and approving Budget Amendment Number 25.026. WHEREAS,the South San Francisco Friends of the Library (FOL)advocates for and supports the diversity of library services, programs, and collections; and WHEREAS,the FOL is a 501(c)(3)nonprofit organization dedicated to supporting the South San Francisco Public Library; and WHEREAS,the FOL has donated $5,073.37 to the South San Francisco Public Library to be used to support library collections, programs, and services; and WHEREAS,staff recommends the acceptance of the donation in the amount of $5,073.37 from the FOL to support library collections, programs, and services; and WHEREAS,acceptance of this funding will contribute to the City’s Strategic Plan under Priority #2 Life,and Priority #6 Community Connections by supporting community engagement and learning opportunities; and WHEREAS,the donation funds will be used to amend Fiscal Year (FY)2024-25 Operating Budget of the Library Department via Budget Amendment Number 25.026. NOW,THEREFORE,BE IT RESOLVED,that the City Council of the City of South San Francisco does hereby accept $5,073.37 in donations from the FOL to support library programs and supplies. BE IT FURTHER RESOLVED,that the City Council approves Budget Amendment Number 25.026 to amend the Library Department’s FY 2024-25 Operating Budget. ***** City of South San Francisco Printed on 11/14/2024Page 1 of 1 powered by Legistar™56 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1047 Agenda Date:11/13/2024 Version:1 Item #:9. Report regarding a resolution authorizing the City Manager to execute an agreement with Metro Mobile Communications for the purchase of 145 public safety portable radios and 65 mobile radios in an amount not to exceed $500,842.62 (Scott Campbell, Chief of Police) RECOMMENDATION Staff recommends that the City Council adopt a resolution authorizing the City Manager to execute an agreement with Metro Mobile Communications for the purchase of 145 public safety portable radios and 65 mobile radios in an amount not to exceed $500,842.62. BACKGROUND/DISCUSSION Our public safety personnel and professional staff rely on hand-held portable radios and mobile radios to communicate with each other,with our dispatchers,and with public safety personnel throughout the bay area. This equipment is critical for effective communication and to ensure the safest possible working conditions. The existing portable and mobile radios are nearly 10 years old and have exceeded their maximum recommended service of life. Section 4.04.040 of the South San Francisco Municipal Code (“SSFMC”)expressly authorizes the City to take advantage of valid contract terms that have been negotiated by another governmental agency,where that agency had used a quote or bid process substantially conforming with SSFMC Chapter 4.04 and State law.The National Association of State Procurement Purchasing Cooperative (“NASPO”)conducted a formal bid process for portable and mobile radios, which resulted in awards to multiple vendors, including the Kenwood company. A local firm known as Metro Mobile Communications has provided a quote for Kenwood radios.Staff have verified that the NASPO’s bid process and Metro Mobile Communications’pricing agreement substantially conforms to SSFMC Chapter 4.04 and State law.Metro Mobile Communications has been providing Kenwood radio products to local government accounts-police,fire,water,education-for many years using the NASPO Valuepoint cooperative purchasing agreement.In short,purchasing Kenwood radios using the NASPO contract allows us to procure the radios and accessories at a 30% discount. FISCAL IMPACT Funding for this Project is included in the City of South San Francisco’s Fiscal Year 2024-25 adopted budget through Public Safety Impact Fees and the Police Department’s asset forfeiture account.There is no fiscal impact to the City's General Fund. RELATIONSHIP TO STRATEGIC PLAN Acceptance of this meets the Strategic Goals #3:Public Safety by rendering skilled police,fire,and emergency service management. CONCLUSION Staff recommends that the City Council adopt a resolution authorizing the City Manager to execute an agreement with Metro Mobile Communications for the purchase of 145 public safety portable radios and 65 mobile radios in an amount not to exceed $500,842.62.Awarding the purchase agreement to Metro Mobile City of South San Francisco Printed on 11/8/2024Page 1 of 2 powered by Legistar™57 File #:24-1047 Agenda Date:11/13/2024 Version:1 Item #:9. mobile radios in an amount not to exceed $500,842.62.Awarding the purchase agreement to Metro Mobile Communications allows for the timely replacement and upgrade of the Police Department’s radios. City of South San Francisco Printed on 11/8/2024Page 2 of 2 powered by Legistar™58 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1048 Agenda Date:11/13/2024 Version:1 Item #:9a. Resolution approving an agreement with Metro Mobile Communications for the purchase of 145 public safety portable radios and 65 mobile radios in an amount not to exceed $500,842.62 and authorizing the City Manager to execute the agreement. WHEREAS, the City of South San Francisco (“City”) staff recommends that the City Council adopt a resolution authorizing the Police Department to purchase 145 public safety portable radios and 65 mobile radios; and WHEREAS, the equipment is critical for effective communication and to ensure the safest possible working conditions; and WHEREAS, the purchase of 145 Kenwood public safety portable radios and 65 Kenwood mobile radios will allow the South San Francisco Police Department sworn and civilian employees to continue to effectively communicate with each other and with other law enforcement agencies in San Mateo County; and WHEREAS, the existing portable and mobile radios are nearly 10 years old and have exceeded their maximum recommended service of life; and WHEREAS, Section 4.04.040 of the South San Francisco Municipal Code (“SSFMC”) expressly authorizes the City to take advantage of valid contract terms that have been negotiated by another governmental agency, where that agency had used a quote or bid process substantially conforming with SSFMC Chapter 4.04 and State law; and WHEREAS, the National Association of State Procurement Purchasing Cooperative (“NASPO”) conducted a formal bid process for portable and mobile radios, which resulted in awards to multiple vendors, including the Kenwood company; and WHEREAS, Metro Mobile Communications has been providing Kenwood radio products to local government accounts - police, fire, water, and education for many years using the NASPO Valuepoint cooperative purchasing agreement; and WHEREAS, purchasing Kenwood radios using NASPO contract allows the City to procure the radios and accessories at a 30% discount; and WHEREAS, staff has verified that the NASPO’s bid process and Metro Mobile Communications’ pricing agreement substantially conforms to SSFMC Chapter 4.04 and State law. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that the City Council hereby finds that all of the recitals set forth above are true and correct to the best of its knowledge, and based on said findings, determines that the City Manager is authorized to execute an agreement for the purchase of 145 Kenwood public safety portable radios and 65 Kenwood mobile radios and related accessories in an amount not to exceed $500,842.62. City of South San Francisco Printed on 11/14/2024Page 1 of 2 powered by Legistar™59 File #:24-1048 Agenda Date:11/13/2024 Version:1 Item #:9a. BE IT FURTHER RESOLVED that the City Council of the City of South San Francisco hereby affirms funding already included in the Fiscal Year 2024-25 adopted budget through Public Safety Impact Fees and the Police Department asset forfeiture account. There is no fiscal impact to the City’s General Fund. BE IT FURTHER RESOLVED that the City Council of the City of South San Francisco hereby authorizes the City Manager to execute the purchase and any other documents on behalf of the City to carry out the intent of this resolution, subject to approval as to form from the City Attorney. ***** City of South San Francisco Printed on 11/14/2024Page 2 of 2 powered by Legistar™60 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1102 Agenda Date:11/13/2024 Version:1 Item #:10. Report regarding a resolution authorizing the acceptance of a donation of 125 boxes of chocolates from See’s Candies, valued at $3,750,for the League of California Cities annual conference held on October 15 -18,2024 (Rich Lee, Assistant City Manager) RECOMMENDATION It is recommended that the City Council adopt a resolution authorizing the acceptance of a donation of 125 boxes of chocolates from See’s Candies,valued at $3,750,for the League of California Cities annual conference held on October 15 - 18, 2024. BACKGROUND/DISCUSSION In October 2024,staff from the City Manager’s Office reached out to See’s Candies to support the City’s outreach efforts at the League of California Cities (CalCities)annual conference and promote South San Francisco and the CalCities Peninsula Division,which is comprised of the cities located within the counties of San Francisco,San Mateo,and Santa Clara. Each box of chocolates is valued at $30, so the total value of the 125 boxes is $3,750. FISCAL IMPACT Acceptance of the donation has no fiscal impact. RELATIONSHIP TO STRATEGIC PLAN Acceptance of this donation will support the City’s Strategic Plan under Priority #6:Community Connections,as the City’s engagement with the League of California Cities provides opportunities for South San Francisco elected and appointed leaders to network with other local government leaders across the State of California. CONCLUSION Acceptance of this donation from See’s Candies empowered the City to highlight its local business community at the League of California Cities annual conference. City of South San Francisco Printed on 11/8/2024Page 1 of 1 powered by Legistar™61 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1103 Agenda Date:11/13/2024 Version:1 Item #:10a. Resolution authorizing the acceptance of a donation of 125 boxes of chocolates from See’s Candies, valued at $3,750, for the League of California Cities annual conference held on October 15 - 18, 2024 WHEREAS, City Manager’s office staff reached out to See’s Candies to support the City’s outreach efforts at the League of California Cities (Cal Cities) annual conference in October 2024; and WHEREAS, See’s Candies donated 125 boxes of assorted chocolates valued at $30 each for a total value of $3,750; and WHEREAS, the donation from See’s Candies provided an opportunity for City representatives to highlight the South San Francisco business community at Cal Cities’ annual conference. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San Francisco does hereby authorize acceptance of a donation of 125 boxes of chocolates from See’s Candies, valued at $3,750, for the League of California Cities annual conference held on October 15-18, 2024. ***** City of South San Francisco Printed on 11/14/2024Page 1 of 1 powered by Legistar™62 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1101 Agenda Date:11/13/2024 Version:1 Item #:11. Report regarding introduction of an ordinance amending Chapter 2.85 of the South San Francisco Municipal Code to clarify the protocol for filling vacancies on the Equity and Public Safety Commission. (Schuyler Schwartz, Assistant City Attorney) RECOMMENDATION Waive first reading and introduce an ordinance amending Chapter 2.85 of the South San Francisco Municipal Code to clarify the protocol for filling vacancies on the Equity and Public Safety Commission. BACKGROUND/DISCUSSION The current City Municipal Code Chapter 2.85 created the Commission on Equity and Public Safety. Each member of the City Council appoints one member of the Commission, not necessarily from their District. There are also two at-large members and one alternate appointed by the Council as a whole. Vacancies on the Equity and Public Safety Commission could be filled either by the alternate or by appointment by a City Council member. The structure of the vacancy protocol may not reflect City Council’s intent for filling vacancies. This amendment would address the ambiguity by clarifying that a member of Council who appointed a member of the Commission would fill a vacancy in that position, and the alternate would automatically fill a vacancy in one of the at-large positions on the Commission. In the case of the latter, there would then be a recruitment to fill the alternate position. FISCAL IMPACT There is no fiscal impact associated with this recommendation. CONCLUSION It is recommended that City Council consider waiving first reading and introducing an ordinance amending Chapter 2.85 of the Municipal Code on the vacancy appointment protocol for the Equity and Public Safety Commission. City of South San Francisco Printed on 11/8/2024Page 1 of 1 powered by Legistar™63 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1100 Agenda Date:11/13/2024 Version:1 Item #:11a. Ordinance amending Chapter 2.85 of the South San Francisco Municipal Code for vacancy appointments for the Equity and Public Safety Commission. WHEREAS, Chapter 2.85.020 established that vacancies on the Equity and Public Safety Commission could be filled either by the alternate or by appointment by a City Council member; and WHEREAS, this amendment clarifies the vacancy protocol to reflect City Council’s intent for the appointment structure of the Commission on Equity and Public Safety. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SOUTH SAN FRANCISCO DOES HEREBY ORDAIN AS FOLLOWS. SECTION 1.Findings The foregoing recitals are true and correct and are incorporated into the Ordinance by this reference. SECTION 2.Amendment of Chapters 2.85 of the South San Francisco Municipal Code The specified section of Chapter 2.85 of the South San Francisco Municipal Code is hereby amended as set forth below (with text in strikeout indicating deletion and underlined text indicating addition): 2.85.030 Limitation of Terms- Vacancies. Commission members shall be limited to three consecutive terms. For purposes of calculating consecutive terms, service of at least two years plus one day during a term shall be counted as a complete term; all prior continuous service of existing commission member shall be counted. Upon serving the maximum number of consecutive terms, a commission member shall not be eligible for re- appointment to the commission for a period of two years. If a vacancy occurs on the commission in one of the seats held by a member appointed by a majority of the city council, the alternate shall serve the remaining unexpired term of the former incumbent. If an additional vacancy occurs in a seat held by a member appointed by an individual member of the city council,the that member of the city council shall appoint an individual to serve the remaining unexpired term. SECTION 3.Compliance with the California Environmental Quality Act. The approval of this Ordinance is exempt from the California Environmental Quality Act (Public Resources Code §§ 21000 et seq., “CEQA,” and 14 Cal. Code Reg. §§ 15000 et seq., “CEQA Guidelines”). Therefore, pursuant to CEQA Guidelines section 15060, CEQA analysis is not required. SECTION 4.Severability. City of South San Francisco Printed on 11/14/2024Page 1 of 2 powered by Legistar™64 File #:24-1100 Agenda Date:11/13/2024 Version:1 Item #:11a. If any section, subsection, sentence, clause, or phrase of this Ordinance is for any reason held to be invalid or unconstitutional by a decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have passed the Ordinance, and each and every section, subsection, sentence, clause, or phrase not declared invalid or unconstitutional without regard to whether any portion of this Ordinance would be subsequently declared invalid or unconstitutional. SECTION 5. Publication and Effective Date Pursuant to the provisions of Government Code Section 36933, the City Attorney shall prepare a summary of this Ordinance. At least five (5) days prior to the Council meeting at which this Ordinance is scheduled to be adopted, the City Clerk shall (1) publish the Summary, and (2) post in the City Clerk’s Office a certified copy of this Ordinance. Within fifteen (15) days after the adoption of this Ordinance, the City Clerk shall (1) publish the summary, and (2) post in the City Clerk’s Office a certified copy of the full text of this Ordinance. ***** City of South San Francisco Printed on 11/14/2024Page 2 of 2 powered by Legistar™65 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:24-1110 Agenda Date:11/13/2024 Version:1 Item #:12. Conference with Legal Counsel-Existing Litigation (Pursuant to Government Code Section 54956.9(d)(1)) Name of case: Marisol Arrez Cabrera v. Krishna Maharaj, et al. (San Mateo County Superior Case No. 23-CIV-04871) City of South San Francisco Printed on 11/8/2024Page 1 of 1 powered by Legistar™66 ID Start time Name / Nombre Would you like to speak during Public Comment on a matter NOT on the agenda? Desea hablar de un tema que no esta en la agenda de el concilio? If you would like to speak on an agenda item(s), Enter the Agenda Item Number(s) below. If adding more than one item, please add a comma between each number. Por favor ingrese el número de artíc... 1 11/13/24 16:44:12 Norm Torello Yes / Si N/A 2 11/13/24 18:24:32 Cory David Yes / Si Na 3 11/13/24 18:24:56 Cynthia Marcopulos Yes / Si Na 4 11/13/24 18:30:09 Jennifer Garstang Yes / Si General comment on trash management 5 11/13/24 18:37:01 Amanda Parker Yes / Si Na