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HomeMy WebLinkAboutAgenda - January 5, 2015 - CC- This page is part of your document - DO NOT DISCARD 20150075090 I�III ILII ILII III�I II I II VIII VIII VIII II II VIII IIII �IIIII Recorded/Filed in Official Records Recorder's Office, Los Angeles County, California 01/22/15 AT 09:50AM P0008� FEES: 0.00 TAXES: 0.00 OTHER: 0.00 PAID: 0.00 IViIIIIIIIfVBtiIII�AIIViIIIIIN0111111111YIII��IVili161�iliPVilllill�lillll LEADSHEET 11111111111111111111111111111111111111111111111111 _11- --I- -III 201501222950011 00010073051 mim��nmmunW 006601586 SEQ: 02 imimuARMaoiN�iHardmiiwuiiiu - IVNI�mWVII�AI�YIIIYIN�'fl�IWUlII� - RECORDED AT THE REQUEST OF AND WHEN RECORDED RETURN TO: *20150075090* City of Azusa 213 East Foothill Boulevard Azusa, California 91702 Attention: City Manager Exempt from filing fees - Gov't Code §6103 \Sp-:,� a�:0ve f"dr ; ;:..ol��c-r'�-crse� on y�' SECOND AMENDMENT TO THE DEVELOPMENT AGREEMENT THIS SECOND AMENDMENT TO THE DEVELOPMENT AGREEMENT (the "Second Amendment") is dated as of January 5, 2015, and is being entered into by and among the City of Azusa, a California municipal corporation ("City"), and the City of Azusa Light and Water Department ("ALW") (jointly referred to as the "City") and Rosedale Land Partners II, LLC, a Delaware limited liability company ("Owner"), with reference to the following facts: __ A--- a - ° .= ►: - ; `� = F, � k, : a- Calife-rai8 'Corporation, entered into that certain Development Agreement between City and Owner's predecessor in interest dated as of May 27, 2004, and recorded on July 29, 2004, in the Official Records of Los Angeles County as Document No. 04-1952514, ("Development Agreement"), covering that certain property more particularly described in the Development Agreement. B. The Development Agreement provides for the development of a master planned community project consisting of 1,250 residential units, commercial space and various public and infrastructure improvements. C. On August 27, 2004, Monrovia Nursery Company assigned all of its rights, obligations, title and interest under the Development Agreement to Azusa Land Partners, LLC, a Delaware limited liability company, in accordance with Section 3.6 of the Development Agreement; and D. Azusa Land Partners, LLC surrendered all of its rights, obligations, title and interest under the Development Agreement due to foreclosure; and E. On October 10, 2010, Rosedale Land Partners II, LLC, a Delaware limited liability company, obtained all rights, obligations, title and interest of the Development Agreement by acquiring the subject property pursuant to a Trustee's Deed dated October 1, 2010, pursuant to Section 3.6 of the Development Agreement; and 45635.01000\8357311.2 F. The First Amendment to Development Agreement was approved and entered into by the City and Owner on April 7, 2014 and is set to expire on February 27, 2015. G. Owner has requested that the term of the Development Agreement be extended pursuant to Section 3.5 of the Development Agreement. City and Owner are currently negotiating a long-term extension of the Development Agreement as well as substantive amendments to adjust the rights and responsibilities of the parties. H. The parties desire to amend the Development Agreement to extend the term by nine (9) months in order to allow sufficient time to conclude negotiations and bring those negotiated amendments to the City Council for approval. Nothing set forth herein shall amend or affect the additional five year extension of the Development Agreement pursuant to the last paragraph of Section 3.5. I. All capitalized but undefined terms used herein shall have the same meaning as set forth in the Development Agreement. J. On November 19, 2014, the City Planning Commission held a duly noticed public hearing on this Second Amendment and by Resolution No. 2014-22 recommended to the City Council approval of this Amendment. K. On December 15, 2014, the City Council held a duly noticed public hearing on this Second Amendment. On January 5, 2015, the City Council adopted Ordinance No. 14-06, approving this Second Amendment and affirming the findings required under Government Code Section 65867.5 for approval of this Second Amendment. NOW, THEREFORE, in consideration of the mutual terms and conditions contained herein, the parties agree to amend the Development Agreement as follows: 1. Effective Date. This Second Amendment shall become effective on the date on which all of the following are true: (i) this Second Amendment has been executed by Owner's duly authorized officers and officials and delivered to the City; (ii) this Second Amendment has been approved by ordinance of the City Council of the City of Azusa and such ordinance has become effective; and (iii) this Second Amendment has been duly executed by the Mayor and delivered to Owner. Notwithstanding the above, the "Effective Date", for purposes of the Development Agreement, shall remain as defined in Section 3.1.9 of the Development Agreement. 2. Recordation. The City and Owner hereby consent to the recordation of this Second Amendment in the Official Records of Los Angeles County, California at any time following the effective date of this Second Amendment. 3. Amendment to Section 3.5. The first and second paragraphs of Section 3.5 of the Development Agreement are hereby amended to read as follows: 45635.01000\8357311 2 "3.5. Term. The term ("Term") of this Agreement shall commence on the Effective Date and shall continue until November 27, 2015, unless terminated sooner pursuant to a specific provision of this Agreement. The Term of this Agreement shall be extended for one (1) additional five (5) year period following the expiration of the initial +o„ (10) „oar period provided above upon the occurrence of all of the following: (i) The Owner shall give written notice to the City no later than one hundred twenty (120) days before the expiration of the initial +o„ (10)_„oar period that the Owner desires to extend this Agreement for the additional five (5) -year period; 4. This Second Amendment may be executed in any number of identical counterparts, each of which shall be deemed to be an original, and all of which together shall be deemed to be one and the same instrument when each party has signed one such counterpart. 5. Not later than ten (10) days following the Effective Date of this Second Amendment, the City Clerk shall record this Second Amendment with the Los Angeles County Recorder's Office. 6. Other than as set forth herein, all of the terms and conditions of the Development Agreement shall remain in full force and effect. To the extent of any inconsistency between the terms and conditions of this Second Amendment and the Development Agreement, the terms and conditions of this Second Amendment shall control. [Signatures on following pages] 45635,01 000\83 57311.2 IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the date and year first written above. CITY City of Azusa By: c ►d �e ,�„ -meati City Manager Date: I >Y_ ATTEST: ce Cor0ejo City Clerk APPROVED AS TO FORM: By: Best Best & Kri ger LL City Attorney Date: 45635.01 000\83 57311.2 OWNER ROSEDALE LAND PARTNERS II, LLC a Delaware limited liability company By: CDG ROSEDALE INVESTMENT, LLC, a Delaware limited liability company its Administrative Member Im Its: Date: CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of Calfornia ) County of Q 4 -5 - On before me,� Date Here Insert Name and Title of the Offi er personally appeared •..�'i�._A, Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(' whose name(K is/are subscribed to the within instrument and acknowledged to me that he/ehe4liey executed the same in his/herr authorized capacity(ies), and that by his/herA4eir signature(§] on the instrument the persono, or the entity upon behalf of which the personA acted, executed the instrument. J. V. HERNANDEZ q Commission # 1998874 Z Notary Public - California Los Angeles County My Comm. Expires Noy 22. 2016 f I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature Signature of Notary Public Place Notary Seal Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: Number of Pages: Document Date: Signer(s) Other Than Named Above: .......... Capacity(ies) Claimed by Signer(s) Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: 02014 National Notary Association • www. National Notary. org • 1 -800 -US NOTARY (1-800-876-6827) Item #5907 IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the date and year first written above. CITY City of Azusa By: City Manager Date: ATTEST: y rence Co ej Jr City Clerk APPROVED AS TO FORM: By. Best Best & Krieger LLP City Attorney Date: 45635 01000\83573]] 2 OWNER ROSEDALE LAND PARTNERS II, LLC a Delaware limited liability company By: CDG ROSEDALE INVESTMENT, LLC, a Delaware limited liability company its Administrative Member Its. CSO Date: i%7 /(-�' CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of On . fiNtad,+�`�v�DrS�� before me, r�r�.i�af y ,it;cTr�� V I I)L_, —, Date 7� Here Insert Name and Title of the Officer personally appeared D :a � xlr.,. Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the personw/whose name(s)' islare- subscribed to the within instrument and acknowledged to me that helsheAhey executed the same in hislheOtheir authorized capacity(ies)-, and that b his/lieMbeir signaturp(s) on the instrument the person(, or the entity upon behalf of which the personacted, executed the instrument, PATRICIA ALEXIS HANSON Commission # 2063319 Z ,'+ Notary Public - California v Z ' Orange County My Comm. Expires Ma X2, 2018 Place Notary Seal Above I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature Signature of Notary Public OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: - _ Document Date: Number of Pages: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: ❑ Corporate Officer — Title(s): — Partner — - Limited - General Individual - Attorney in Fact - Trustee ❑ Guardian or Conservator Other: Signer Is Representing: Signer's Name: Corporate Officer — Title(s): ❑ Partner — - Limited r General Individual Attorney in Fact Trustee Guardian or Conservator Other: Signer Is Representing: eiXa:{:'4it:`�3C`«7�4'S'rGYi{.+y7C7SeiC?�X"4�FSCir'�Iv�iCi'Sr4'.SSC'SC`S�4iG'Si4`�+�iR5?Ci'S.e<i�SirC>^C�"S,:{r^�:iCJS:if.`�dC)4i:`�:e(7Sti�rP`ii�."� epi'Sir"SC."Se�v'�et75iSySet7�"SieC9�a6'� 02014 National Notary Association • www.NationalNotary.org • 1 -800 -US NOTARY (1-800-876-6827) Item #5907 - This page is partof your document - DO NOT DISCARD 20150075090 Illll IIIIIIIIII IIIII IIIII IIIII IIIII IIIII II II II II IIIII IIII III Recorded/Filed in Official Records Recorder's Office, Los Angeles County, California 01/22/15 AT 09:50AM 1 Pages: 004$ FEES: 0.00 TAXES: 0.00 OTHER: 0.00 PAID: 0,00 Iliillillili9liliIII�IIIlililiilliilililillliilgAiIIII��IlliliP�lliilillliillill LEADSHEET 111111111111111111111111111111111111111111111111111111 201501222950011 00010073051 006601586 SEQ: 02 DAR Mail (Hard Copy) IIVIIaIIIBIIINII�IIiIIIIINIIIII�1111B11 - II�IIAIIWII�d�lll�rlIIIIIbIVnlllll� - RECORDED AT THE REQUEST OF AND WHEN RECORDED RETURN TO, City of Azusa 213 East Foothill Boulevard Azusa, California 91702 Attention: City Manager '201500 75090N�IIR'W�� Exempt from filing fees — Gov't Code §6103 SECOND AMENDMENT TO THE DEVELOPMENT AGREEMENT THIS SECOND AMENDMENT TO THE DEVELOPMENT AGREEMENT (the "Second Amendment") is dated as of January 5, 2015, and is being entered into by and among the City of Azusa, a California municipal corporation ("City"), and the City of Azusa Light and Water Department ("ALW") (jointly referred to as the "City") and Rosedale Land Partners II, LLC, a Delaware limited liability company ("Owner"), with reference to the following facts: _ Ca.- rcorporation, ente-red into that certain Development Agreement between City and Owner's predecessor in interest dated as of May 27, 2004, and recorded on July 29, 2004, in the Official Records of Los Angeles County as Document No. 04-1952514, ("Development Agreement"), covering that certain property more particularly described in the Development Agreement. B. The Development Agreement provides for the development of a master planned community project consisting of 1,250 residential units, commercial space and various public and infrastructure improvements. C. On August 27, 2004, Monrovia Nursery Company assigned all of its rights, obligations, title and interest under the Development Agreement to Azusa Land Partners, LLC, a Delaware limited liability company, in accordance with Section 3.6 of the Development Agreement; and D. Azusa Land Partners, LLC surrendered all of its rights, obligations, title and interest under the Development Agreement due to foreclosure; and E. On October 10, 2010, Rosedale Land Partners II, LLC, a Delaware limited liability company, obtained all rights, obligations, title and interest of the Development Agreement by acquiring the subject property pursuant to a Trustee's Deed dated October 1, 2010, pursuant to Section 3.6 of the Development Agreement; and 45635.01 000\83 57311.2 F. The First Amendment to Development Agreement was approved and entered into by the City and Owner on April 7, 2014 and is set to expire on February 27, 2015. G. Owner has requested that the term of the Development Agreement be extended pursuant to Section 3.5 of the Development Agreement. City and Owner are currently negotiating a long-term extension of the Development Agreement as well as substantive amendments to adjust the rights and responsibilities of the parties. H. The parties desire to amend the Development Agreement to extend the term by nine (9) months in order to allow sufficient time to conclude negotiations and bring those negotiated amendments to the City Council for approval. Nothing set forth herein shall amend or affect the additional five year extension of the Development Agreement pursuant to the last paragraph of Section 3.5. I. All capitalized but undefined terms used herein shall have the same meaning as set forth in the Development Agreement. J. On November 19, 2014, the City Planning Commission held a duly noticed public hearing on this Second Amendment and by Resolution No. 2014-22 recommended to the City Council approval of this Amendment. K. On December 15, 2014, the City Council held a duly noticed public hearing on this Second Amendment. On January 5, 2015, the City Council adopted Ordinance No. 14-06, approving this Second Amendment and affirming the findings required under Government Code Section 65867.5 for approval of this Second Amendment. NOW, THEREFORE, in consideration of the mutual terms and conditions contained herein, the parties agree to amend the Development Agreement as follows: 1. Effective Date. This Second Amendment shall become effective on the date on which all of the following are true: (i) this Second Amendment has been executed by Owner's duly authorized officers and officials and delivered to the City; (ii) this Second Amendment has been approved by ordinance of the City Council of the City of Azusa and such ordinance has become effective; and (iii) this Second Amendment has been duly executed by the Mayor and delivered to Owner. Notwithstanding the above, the "Effective Date", for purposes of the Development Agreement, shall remain as defined in Section 3.1.9 of the Development Agreement. 2. Recordation. The City and Owner hereby consent to the recordation of this Second Amendment in the Official Records of Los Angeles County, California at any time following the effective date of this Second Amendment. 3. Amendment to Section 3.5. The first and second paragraphs of Section 3.5 of the Development Agreement are hereby amended to read as follows: 45635.01000\8357311.2 "3.5. Term. The term ("Term") of this Agreement shall commence on the Effective Date and shall continue until November 27, 2015, unless terminated sooner pursuant to a specific provision of this Agreement. The Term of this Agreement shall be extended for one (1) additional five (5) year period following the expiration of the initial teR (10)_„oar period provided above upon the occurrence of all of the following; (i) The Owner shall give written notice to the City no later than one hundred twenty (120) days before the expiration of the initial ten (10) ye period that the Owner desires to extend this Agreement for the additional five (5) -year period; 4. This Second Amendment may be executed in any number of identical counterparts, each of which shall be deemed to be an original, and all of which together shall be deemed to be one and the same instrument when each party has signed one such counterpart. 5. Not later than ten (10) days following the Effective Date of this Second Amendment, the City Clerk shall record this Second Amendment with the Los Angeles County Recorder's Office. 6. Other than as set forth herein, all of the terms and conditions of the Development Agreement shall remain in full force and effect. To the extent of any inconsistency between the terms and conditions of this Second Amendment and the Development Agreement, the terms and conditions of this Second Amendment shall control. [Signatures on following pages] 45635.01000\8357311 2 IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the date and year first written above. CITY City of Azusa City Manager Date: ATTEST: nce CorrAeio City Clerk APPROVED AS TO FORM: By: - Be s Best & Kri ger LL City Attorney Date: 45635.01 000\8357311.2 OWNER ROSEDALE LAND PARTNERS II, LLC a Delaware limited liability company By: CDG ROSEDALE INVESTMENT, LLC, a Delaware limited liability company its Administrative Member Im Its: Date: CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 i 6N.4 - — V'. A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of On, I C� L dQ/ (' before me, _ r U t46? -1 ACL PL A f- 0-r Date Here Insert Name and Title of the Officer personally appeared 1v n cJ -A e n yvtcL- Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(o whose nameo is/axe subscribed to the within instrument and acknowledged to me that he/24eA4iey executed the same in his/he6their authorized capacity(ies), and that by his/l a eir signature( on the instrument the person('), or the entity upon behalf of which the person(,) acted, executed the instrument. J. V. HERNANDEZ Commission # 1998874 +� Notary Public - California Los Angeles County n My Comm. Expires Nov 22, 2016 Place Notary Seal Above I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature Signature of Notary Public OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: Number of Pages: Document Date: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: 02014 National Notary Association • www.NationalNotary.org • 1 -800 -US NOTARY (1-800-876-6827) Item #5907 IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the date and year first written above. CITY OWNER City of Azusa ROSEDALE LAND PARTNERS II, LLC a Delaware limited liability company 0 City Manager Date: By: CDG ROSEDALE INVESTMENT, LLC, a Delaware limited liability company its Administrative Member ATTEST: Its: C-ro l Date: (/-7 ce Co,,{neiorJJr City Clerk APPROVED AS TO FORM: By: Best Best & Krieger LLP City Attorney Date: 45635.01000\83573]] 2 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 - - ----- ........ ..... -..._. -. A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of &)C7 On JI�Ny %,: ,:before me, Zx• tiv,Ll �' ;�a .r Date Here Insert Name and Title of the Officer personally appeared Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s)' whose nameW is/are subscribed to the within instrument and acknowledged to me that he/she/1-hey executed the same in hislherA-heir authorized capacity(i4 and that b hisMerytheir signaturp(s} on the instrument the persor�, or the entity upon behaff of which the person,(a`�acted, executed the instrument. PATRICIA ALEXIS HANSON Commission # 2063319 z �+ Notary Public - California Orange County My Comm. Expires May 2.2018 I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature n .K Z -A 14-/ C1 X114*� - Signature of Notary Public Place Notary Seal Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: Number of Pages: Signer(s) Other Than Capacity(ies) Claimed by Signer(s) Signer's Name: Corporate Officer — Title(s): _... Partner — '` Limited - General Individual Attorney in Fact Trustee Guardian or Conservator Other: Signer Is Representing: . Document Date: Named Above: Signer's Name: Corporate Officer — Title(s): ..... Partner — —Limited —General Individual Attorney in Fact Trustee Guardian or Conservator Other: _ Signer Is Representing: .Uu?u.�;c.^u^!�[.^r�i>'4G�`�i:^�vc;'ki7ii.'t�xJ4'�7L.`S C`S�^sc.�i'�4^�c9S�aS�c.�usc,Yccx:�..�c:�:ca•�s.�x.�:�c,�^�C..tie`�esatxaS.�LiFr x7r:<?�i.� ©2014 National Notary Association • www.NationaiNotary.org • 1 -800 -US NOTARY (1-800-876-6827) Item #5907 ©ferr _ T 6 Y f s= yf ¢ x`,h'"� - r ., 'K a ` •^ a *� * 'r'£ USAP AGENDA REGULAR MEETING OF THE CITY COUNCIL, THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF AZUSA AZUSA AUDITORIUM MONDAY,JANUARY 5, 2015 213 EAST FOOTHILL BOULEVARD 6:30 P.M. Ceremonial/Closed Session 7:30 P.M. Regular Meeting AZUSA CITY COUNCIL JOSEPH R.ROCHA MAYOR EDWARD J. ALVAREZ ANGEL CARRILLO COUNCILMEMBER COUNCILMEMBER URIEL E. MACIAS ROBERT GONZALES COUNCILMEMBER MAYOR PRO-TEM 6:30 P.M. 1. Call to Order 2. Roll Call CEREMONIAL 1. Presentation of Certificates to Slauson Middle School Leadership, AID and Cheer, for their volunteer services to the Recreation Department's Community Events. 2. Presentation of Certificates to the businesses who assisted with Project Elliott. 3. Presentation of Certificates to the 2014 SCMAF Boys "B"Division Flag Football Champions. 01/05/2015 - 1 - CLOSED SESSION NOTICE TO THE PUBLIC FOR CLOSED SESSION Prior to going into closed session the City Council will convene in the Auditorium serving as Council Chambers to take public comment on the closed session items only. General public comment will be provided for during the regular portion of the meeting beginning at 7:30 P.M 1. PUBLIC EMPLOYEE APPOINTMENT Pursuant to California Government Code, Section 54957. Title: City Manager. 2. CONFERENCE WITH LABOR NEGOTIATOR Pursuant to California Government Code, Section 54957.6. City Negotiators: Donald Penman, Interim City Manager and Marco A. Martinez, City Attorney. Unrepresented Employee: City Manager. 3. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION - Pursuant to California Government Code Section 54956.9(d)(1). Case Name: City of Azusa vs. David Martinez, et al. Court/Case No.: Los Angeles Superior Court-Pomona Division No. KC066721J. 4. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION - Pursuant to California Government Code, Section 54956.9(d)(2). Claim from Azusa Unified School District(Claim Number: 14-35) Regarding School Impact Fees 1 Potential Case. NOTICE TO THE PUBLIC FOR REGULAR MEETING In compliance with Government code Section 54957.5, copies of staff reports or other written documentation relating to each item of business referred to on the Agenda are in file on the Office of the City Clerk- 213 E. Foothill Blvd.; copies for public view are in the Azusa City Library- 729 N. Dalton Ave., Azusa Police Department Lobby - 725 N. Alameda Ave., and the City of Azusa Web Page www.ci.azusa.ca.us. Persons who wish to speak during the Public Participation portion of the Agenda or on a Public Hearing item, shall fill out a card requesting to speak and shall submit it to the City Clerk prior to the start of the City Council meeting. Cards submitted after 7:30 P.M. will not be accepted. 7:30 P.M. - REGULAR MEETING OF THE CITY COUNCIL THE SUCCESSOR AGENCY AND THE PUBLIC FINANCING AUTHORITY. 1. Call to Order 2. Roll Call 3. Pledge to the Flag 4. Invocation—Representative from the Dhammakaya Center A. PUBLIC PARTICIPATION 01/05/2015 -2 - This time has been set aside for persons in the audience to make public comments on items within the subject matter jurisdiction of the council/agency' board that are not listed on this agenda or are listed on this agenda as an item other than a public hearing item. Members of the audience will have the opportunity to address the city council/agency board about public hearing items at the time the public hearing is held. Under the provisions of the Brown Act, the council/agency board is prohibited from taking action on oral requests, but may refer the matter to staff or to a subsequent meeting. The council/agency board will respond after public comment has been received. Each person or representative of a group shall be allowed to speak without interruption for up to five (5) continuous minutes, subject to compliance with applicable meeting rules. Questions to the speaker or responses to the speaker's questions or comments shall be handled after the speaker has completed his/her comments. Public Participation will be limited to sixty (60) minutes. B. REPORTS, UPDATES,AND ANNOUNCEMENTS FROM STAFF/COUNCIL C. SCHEDULED ITEMS 1. PUBLIC HEARING - CONSIDERATION BY THE CITY COUNCIL OF A DEVELOPMENT CODE AMENDMENT (ZCA-236), A CITY-INITIATED REQUEST TO AMEND VARIOUS SECTIONS OF CHAPTER 88 OF THE "DEVELOPMENT CODE, MARCH 2005" (2005 CODE) OF THE CITY OF AZUSA MUNICIPAL CODE. The proposed Code Amendments are not subject to the California Environmental Quality Act ("CEQA") pursuant to Sections 15060(c)(2) because the activity, which involves clarifying and recodifying Sections of Chapter 88 of the City of Azusa Municipal Code, will not result in a direct or reasonably foreseeable indirect physical change in the environment; and 15060(c)(3) because the activity is not a project as defined in Section 15378 of the CEQA Guidelines, California Code of regulations, Title 14, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly. RECOMMENDED ACTION: Open the Public Hearing, receive testimony, close the Public Hearing, waive further reading, read by title only and introduce the Ordinance No. 2015-01, adopting ZCA-236, amending various sections of Chapter 88 of the Development Code March 2005 (2005 Code) of the City of Azusa Municipal Code. 2. PUBLIC HEARING - DESIGN REVIEW (DR-2014-31) AND WORLD GYM DEVELOPMENT AGREEMENT APPLICATION TO ALLOW A NON-RETAIL FITNESS CENTER (WORLD GYM) TO OCCUPY APPROXIMATELY 35,000 SQUARE FEET OF THE EXISTING EDGEWOOD SHOPPING CENTER AND EXTERIOR MODIFICATIONS ON THE SOUTH AND EAST FACADE LOCATED WITHIN THE CITY'S DE (EDGEWOOD DISTRICT) ZONE. This project is categorically exempt from environmental review per Section 15301 —Existing Facilities of CEQA(California Environmental Quality Act). RECOMMENDED ACTION: Open the Public Hearing, receive testimony, close the Public Hearing, adopt Resolution No. 2015-C1 upholding Design Review No. DR 2014-31 of the World Gym located at 485 E. Gladstone Street, and waive further reading, read by title only and introduce Ordinance No. 2015-02, approving the World Gym Development Agreement based on the findings of fact and subject to the conditions of approval. 01/05/2015 - 3 - D. CONSENT CALENDAR The Consent Calendar adopting the printed recommended actions will be enacted with one vote. If Councilmembers or Staff wishes to address any item on the Consent Calendar individually. it will be considered under SPECIAL CALL ITEMS. 1. MINUTES OF THE REGULAR MEETING OF DECEMBER 15. 2014, AND THE SPECIAL MEETINGS OF DECEMBER 15, AND DECEMBER 19, 2014. RECOMMENDED ACTION: Approve minutes as written. 2. RESOLUTION AUTHORIZING PAYMENT OF WARRANTS BY THE CITY. RECOMMENDED ACTION: Adopt Resolution No. 2015-C2 allowing certain claims and demands and specifying the funds out of which the same are to be paid. 3. HUMAN RESOURCES ACTION ITEMS. RECOMMENDED ACTION: Approve Personnel Action Requests in accordance with the City of Azusa Civil Service Rules and applicable Memorandum of Understanding(s). 4. BRIDGE PREVENTIVE MAINTENANCE PROGRAM COOPERATIVE AGREEMENT WITH THE COUNTY OF LOS ANGELES. RECOMMENDED ACTION: Approve a cooperative agreement with the County of Los Angeles for the Bridge Preventive Maintenance Program. 5. CITY TREASURER'S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF NOVEMBER 2014. RECOMMENDED ACTION: Receive,review, and file the City Treasurer's Report for the month of November 2014. 6. REQUEST TO PURCHASE ONE (1) SPECTRACOM NETCLOCK. RECOMMENDED ACTION: Approve the sole source purchase of one (1) Spectracom NetClock, GPS Command Center Package (GP934m-94 — Two Networks), from Communications Center, located at 719 Arrow Grand Circle, Covina, CA 91722, for an amount not to exceed $10,250. 01/05/2015 -4 - E. SUCCESSOR AGENCY RELATED BUSINESS. 1. No Business. F. ORDINANCE/SPECIAL RESOLUTIONS 1. SECOND READING AND ADOPTION OF AN ORDINANCE APPROVING AND AUTHORIZING EXECUTION OF AN AMENDMENT TO THE DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF AZUSA AND ROSEDALE LAND PARTNERS II, LLC. RECOMMENDED ACTION: Waive further reading, and adopt Ordinance No. 14-06. H. ADJOURNMENT UPCOMING MEETINGS: January 20, 2015, (Tuesday) 6:30 p.m. Ceremonial/Closed Session, 7:30 p.m. Regular Meeting. February 2, 2015, 6:30 p.m. Ceremonial/Closed Session, 7:30 p.m. Regular Meeting. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in a city meeting,please contact the City Clerk at 626-812-5229. Notification three (3) working days prior to the meeting when special services are needed will assist staff in assuring that reasonable arrangements can be made to provide access to the meeting. 01/05/2015 - 5 - Of _ , „VP •'* fwd T �dr �t+ ra ' y tf p`3'' �,+, a$v eft,- ? Afros'-` ._�- _E <,, .... _� a ., � _ ., .. �... ._ AZUSA DECLARATION OF POSTING CITY COUNCIL, SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY, AND PUBLIC FINANCING AUTHORITY AGENDA c6I, atfAC - Y 1"60- declare that: I am an employee of the City of Azusa. On a 9)1 L d-01! I posted copies of the Agenda, as stated above for the meeting of Ot I D5 C g-Gt5 , in the City Clerk's Office, 213 E. Foothill Blvd.; the lobby of the Police Department, 725 N. Alameda Ave.; the Civic Auditorium, 213 E. Foothill Blvd.; the City Library, 729 N. Dalton Ave.; and the and the City's Web Page www.ci.azusa.ca.us. A true, correct and complete copy of the agenda which I posted is attached hereto. I completed posting of the agendas as described in Paragraph two, at e,, on the date of posting. Access to the agenda posted in the lobby of the Police Department and the Azusa City Library reference desk is available to members of the public during their normal business hours. The foregoing is within my personal knowledge and if called as a witness in a court of law, I could testify competently thereto. I declare under penalty of perjury that the forgoing is true and correct. EXECUTED l a 19,1 , at Azusa, California. STAFF MEMBER dip CITY CLERK'S OFFI - CITY OF AZUSA City of Azusa Rosedale Neighborhood Parking Ordinance Overview Rosedale Neighborhood Parking Ordinance Overview Intent • To mitigate impacts from Garcia Trail usage Overview • Restricted to permit parking 24/7 • Administered by HOA • Enforced by Azusa Police Department • Up to 2 permits per residence • Up to 5 guest permits annually per residence • Proposed Location llama . *ow •1►ira )11°7"- woes ♦ ��r r� lir&111111t1. � rrr ;,1111 'k *1.� I Y. '"/ #1* 74i 111111111.14,** ,. 11.1111111 in ., �M�� ♦ 411111111 . ROSEDALE PREFFERENTIAL PARKING DISTRICT 1 •RESIDENT PERMIT REQUIRED Rosedale Neighborhood Parking Ordinance Overview Overview cont. • Re-evaluate 6 months after implementation • Violations/Fees go to Police Department to pay for enforcement • Parking will be available in areas immediately adjacent to public parks • Garcia Trail closed indefinitely due to fire damage • Upon Garcia Trail being found safe for public use — Ordinance will be considered ' 'i /yi +°dau ae Fi t+ s+ h, `� { Y } tikkp� � Ar w f .k. 4. .,.�v' .�.� ,.&,r iG• .i'l,s..2 ��.. . e. ._:_}"itd D` ;::!:,,,..4,,!;•;4,-.;?;4,:.,1%. , ,.'4, 4� r . t ''' ,f% ° , MIN 'i. '...:::::....:,.....:i...i:......,:ii,:clsr G .,,,,,,..„ .......... ..............,„ .. .... .....,........,. .. ...... r; ::..,.:::::;,,:,::::,.:.,:..;: ,.,.,.,,,.....,„„,:,.„,,,, „,.:.,.,..,.,......,„.,„,:„.. „,:„,:::::.:.....,:„,:,,:,...,:,:, `,,$.. ;iii ..................„..... ....•... ................._ :i•fir.}r.+ ..„,„..f.,„.„,..,:. _ .„,,.„,,,„ ,...„...,.........., to y °lfr +. O F E- �jll�l. f t�4,a4k :::$ +. }3I,l ,10,4, '.,..'.r.4tfr•i,..;JA.?...1.! .. , R P• i i liFoc ' h {r ,� ---- .-,-,......:.5.,..-:•$...-.4 im 3 i r ii i ga r r b ie 1. :.�:.% c ray+^s +��.� a ;1vr 4jr i{!ice i4Y .. qty # +}}141 ,,,,,,:j,....:1,.. li,:,!.,..4,:l.i. • .. ....„...:::. • Emphasis on Maintaining Service levels .iii:iii. „:„..„....... „--.,:....: .• :„..it.,:;„ .1 Ri#Ye Y IM1 .. .:_,:1,- ,y • Increasing• Personnel Costs �l . 11.,., E= �40.1 4- 'x• Economy - Impact on Revenues ; ;0 $ a, Historic Low Interest Ratesw ttL t ......::;:::,.:::::::::::z::::::„.1. s......::_:::::..::.„:=E:.;,5..;::: T E : ,tt ..,,....:,:: April April:-..„-i.::::-.,..-...:-_-;:53:-.E tit ., .....i.,.:...i.„.:r • 1 .4% CPI 2013 to 2014 : t: ;5y �4 ........::::i.,:::::i_:„...:::::,..:-_, ,,......... .. :,:::,:::::/:::::;-------ii-:::-. • State Budget Crisis- Dissolution of RDA .. . ..-:,..:..:.::::_.:_..--...ii::-., , .... r, , .. ..::.i.,-.4....,,,,....i.„),..,; oil, 1:.::.. ~4rr +c (...,r 110) ,, fion r a J ) +w w1,.:-.1...t•-,...!,,,,,+tis wa aa :r. ,,wt a 4' k+t+,} �t k+Ft ++ttt qtty 4•< t• T ' }i k,:'. �.r General Fund Revenues . ... .,..• •.. ............::„.::.....:...,:.:: ......,,, ...: „............, •x ,ii • ....... :,..,:::,...,: ..: .. .::.:,.,:,. ..:„:„.:„...::......,,: ... .:•::,:_,:,_ ... ......,:,,,,,:.::: .. .. :::...,,, , .:„....: ..::: „,:,...E.,:,.. • MRF Revenue Increase 355k : : 4 • Full Year Estimate ,,,.. ;L,if • Property Tax Revenue Increase ($477k) : i. ,„,„ • Building Permit Increase ($73k) �� r . i3 = Franchise Fees Increase($ 174k) . • .5 • Successor Agency Housing Admin AIIoc f; (.F q -4 .(3., u.,D 4.,,, ;J ' 1"1:' y v; L WHAT S IN " cont. „.„.* 0-,...,, •+ M . „.: y „ 11•: ?h t4 f,...: . . General Fund Expenditures -s` + , .,f„.. ..:„..„ .. ,., ..„. . :',....4 ': ir ElectionCosts + F+� •ry' #.,.4$44:...,.....::, v" r,�$ i� • COLAs 160k . 1„°�,i,`t ��,,t • PERS Cost Increase ($ 155k) t . I. ,iF ,,1l .,,. .„,/,;..... ‘‘.,...,...„:::::..,:s..s: . Fire Service Contract Increase ($209k) i ria ,.x� . �� ft , , Liability Claim Increase $ 160k i ()f 12 4 r U ii'-.NO D ;..t yi/ft 4 5 ro 4 Iii ;i',1, ` � • r.+�ia r L +rr*i WHAT S IN " (cont. r¢ .� rr+ �e .. :...,........„,,,,:„. ...„:.,„..„:,,,,, . .. .......„..+.„, :+:.,........„ ++.:,....,...„„:„ ..........„,,,,.: : .._ .__. :..rrr rr ,.., ,,, ... GeneralFund Expenditures 1 Full -Time Position (Net Cost Reduction= -$ 16k) } �. .$' � ` :.(Comm. Imp. Officer-PIT Position Eliminated) } r ,....,,:,,,.: :+3411:1,i,ii z Salary Adjustments (5% Increase--$ 1 1k). ` .Records Specialist III-Lead fi; PIT Police Officer Reserve :t ;rix; c>F < iii A ` ` V'im` ('F i1 A. ua IV ,,III 4`r‘ v..' , OT IN ..4".„.4:,24,o) • .. H „,....,...,,,..,, qty. ; :.,: ...... ..„. 4. ,...i:.,,..,w • Employee Reclassification 1.,{(�. : ` sy • Support Positions fi ,, : �`�{} `fi Y? pb: } • Capital OutlayEquipment - Unf nded ! *,t14 ,a044 Oil y �t}1 11'• tL ;y¢}}� Y.. • Capital Improvement Projects - Unfunded ` fil ,....,,..„„v„.. ., Si Equipment Replacement Fund for Future Yyi { i { Vehi3:1:Replacements cle Re lacements yT i OF1 - h l �*c :i J 1 Ir(4' F__ .....:... ............ .. ........_ ..... . .. 1'f. t +a :!.4,,,,,„...,„,„, „,„„,..,..„.:,,:,r.. ...„,..„.„,..„,.,,,..„,:,,.„ ............... itif,....4.-,,,,,, .:.:::::,:,...,..„.„..,..,,,,,,:,.. :„,,....44„:„.„,.. WHAT S NOT INcont ,,,„„ . III4it, ,rte „.....,,, ,...,,,...,,:,„:„.: :,.,....:.:„.„,...::.,,,,,, .,„,:pto,,,„„:„ .:-...,!...1:::,,....f1::.:1:figi.i: • Potential Impacts Related to Current Employee Contract Negotiations . . a � . or"pW�..y Additional Vulcan Revenue ki ��r;. s,f f'" • One-time Successor Agency 2003 COPS Reimb. _, : ��,_. s { • Funding of Self Insurance Fund Deficit • Replenishment of Fund Reserves hf J„,,,l A. r -{flit Vus� +r t :9_ r5 4 Ya •.- T U RE ISSUES C.,.:VA -:'ir. Y"iP PERS Rate Increases - Effective FY 2015 - 16 :. . :: ,...,v. ..„..,..:. :....::::.... ... ... ..... ,...........:. • Smoothing, Longevity, Risk Pool Rates :. :.... .. . �}• Negotiations with 1 . :4:w .,. ...„,•.. „.,. .,,,... „, . ,-:,-,--1.?: unitsl'...-, ,;i::;-,0 ......„ iF ,oh w • PERS1:,,4111 illi. Contributions . ,. ,1 • Employee COLAs : '` • s' *art ' r •Anticipated Retirements - Payouts �< ;`..Waste Management (MRFFull Ca acitt.+ ..` 54.,.......... .,.;.,..;-1.$1,....,, ,,....,..::: Successor Agency „.....4„,:.::.:.... tt .-‘,..zs,".” ti,....,...:.... .. , - • Reserve Buildup +{ ,. t>Fq� ,1/4-,....-4.e, ,..-v,.. ... . ,..f , : , 11W(',h� ___:, , , ... _ __ ,:___ .,. , :aa � + yF 1i1I ...,:-it: C + +++74,5 .,,,,z,N.,:,.., ,.tiraaN >* 4"rta n5E4. tT ..':::;;::+44+:...;.;"�« ).'. ,'�s+ +fes++u - ' OvERVIEW ......+.,. ., ............„, . .4.4, ....., '..• • ..:......t.xr,„....,i +h t4+ :.0 ++'++.'lir Budget ummar +f+ .,......,. Total FY 2014 - 15 Budget $ 82,670, 629 :...: ,_. ,+ 13.41:4°":1:14:414:11114.1 Fund Summary: a. '' l[ t'ir• General Fund 35,449,915 ° r 3 ji14 • Special Revenue Funds 26,704,969} 3,I,,' �.if ;,/e.',';,/e.',' f'f, • Capital Projects Funds 1 099,750 f. / • Debt Service Funds 7500,035 v; % , •/�' ff, , ,=7, • Enterprise Funds 2,729,950 • Successor A g y ,enc Fund 4977,810 • Internal Service Funds 4,208,200 �tVW., f fi i x Sc .., . ....„...................................x.„..„,„:„ .:::..... . ,.,.. :.:.i,i...:„.„........,.. .. .„,:....... . . Yt'5 �17 .. , f J ,N .•....--v"....... 0 11 4 - 15 GENERAL FUND .,,,, ,..,,......,, h :.:;:'.:;.::::.'55.:. BUDGE U M T S M ARY ...,..., ,..,..„.,,„......„ „„.„„z...,....,:,,,., , _.,....,‘ .,, ,,, y. • 0.86% Increase in Budgeted Revenues.:::..:.:...:...,.:::,...,,,:,: „...,..„......,:,,,......,,,,,,,,,,... „,,:,,,,,,,. .. + n,` .JrtiIncreases ,, -: MRF Addition - Full Year, 2/3 of Full Capacity :{{ i. • Price Club Agreement - 2/3 of Payment 3 <in �Ir • Franchise Fees �, - // 4S<� ik • Decreases ty Plan Check Revenues •_.---. . ., jji :,'_ -,...,::.z.,,...--,:,,,'.,.....,..„:::',.. iv • One-time Successor Agency Reimbursement { .,,u ; • Sales Taxk J,F.,' i l'lr(:V 0 Jl j/,�% itg\\\,.,+\\\\`\\\,\\\,',,, 411:,,,r;r•,,yAy 1:•,•:.;:1: ,:::;:,;:•,.•:, t�" Rt j 2014 - 15 GF BUDGET S M AR Y (cont.) '. . ,.,. ,,,,./..„ ,,;, • 1 . 21 % Increase in Budgeted Expenditures .:++:t.,,,, si,n4:.,..,„ ..._. ++,,...s. ,,,, ....,..., ,,,../. , } • Increases ``* " tx COLAs h fl4 1• PERS Rates f„= 11, l, � I f4 } "x • Fire Service Contract ,• IIS s • Election t , ;,,i} f, • Decreases `�F • Personnel Costs - Redistribution { • Price Club Payment • Capital Outlay O1ills Va 7,7 ,,,,,,,,,,x ;.f.,4., .•-... Summaryen raun .. k4u.v ,,,,,,„ FY 2014-15 17Projected Revenues & Transfers In Projected 4.:::: $ 35,600,455 .,,` Less: Operating Expenses & Transfers Out ::..,:t+:4,:\ iii..,,,i,:i j ( 35,437,915) y,4: . . lt�p, . 4 lip 114 Preliminary Projected FY 2014-15 Balance $ 162,540 .a:NI . 1 ' ,.. b C Z Less: Discretionary & One Time Expenses- $, } Capital Outlay/Equipment ( 12,000) _ .:.: • 1.,N. Initial Proposed FY 2014-15 Balance $ 150,540 #, ;; y k JpFiiAii.l U, `• , 1/11(V'''.-V'''.- ✓ y f __ / i ....... 3r4:vk•. - p Aix F• S. A i ;...4,j i General Fund Summary (cont.) I : :Ls: ::: FY 2014- 15 ` Y� � ' ' 150 540 •r: Initial Proposed FY 2013- 14 Balance $ `. Add. Rental Inspection Revenue 50,000 ;�,, } 'i. Less' ,,• , ,, ,,,, F/T Comm. Improv. Officer ( 33,635) '`f �I{r�E. Salary Adjustments. '`' '104 '''4 Records Spec III-Lead ( 3,210) `%; P/T Police Officer-Reserves ( 7,885) PARS Contribution Rate Adjustment ( 26,600) ;,; 1:,,,,,, Adjusted Proposed FY 2014- 15 Balance $ 129,210 ' • E;P-1 UA D ' ''6.. EXPENDITURES BY FUNCTION - General Fund 2014-15 Proposed Budget *JI ay :. � �1at�zn,rc°ar"ar� era l '.{. �'�+�R�+ �Community Development '*fi• 4,,..4:4,4 ,..:::g:.:::......"ii-ici-Esi- ,'''''.,',:''.' ::::::'''''',.'',"'Cr''`..-..',';';,..::.:;,'"iii;','' flir,i1;:''',,, :;''''';':";61.'1 • . + !;.5.5%�' culture at ,l 4i .., }" i �` +,.,r` " d Recreation ,ra q 12.0% '1i ', I 111 1. I. • ji 'rCPublic Safety � ' t60.3% , , , jt /' '74-4'i•••••/.4.4.::. .// . • p. • f0t/ . ia5 y �;, -,,"yrr� . Rt , z ti4,t , ) Government t' za 3wti16.90/0$ u '---,:1';',;',4.''''_:''',.:n p ....::::::&4-,:,::',.�W C.r'ie. {Highways& {{ { '^o v � �Streets %,1.6% :',' ✓t .... --_,7...:-:- ..: .�.y I .Y.- f+"' v��a'a EXPENDITURES BY fU NCTION - All Funds ++++' ++++ 2014- 15 Proposed Budget }+t +++ ++ 1 w+• Debt Service 6.2% Community M Development ;E 1. Utilities t+ '� << o ! 59.4/o Y."Ili0;1111p iso/1,1' 'ii 'i it t,k ,-,.:,.- 18.8% r� ! ,-.,' 1,A,',''' � W.. Public Safety i Vii � :�,: 18.8% // //f'. ,,.1i,,,i',,' Highways 6c Streets 5.1% f General/ Culture & A. ;; ; Government Recreation C �' 40 3.7% , .8/o J +aV\ >i • ': o-1;%%;%/`,i%/;;%%:ckR:;\\;\\i\\;.\\;\\;\\\\;\\;.\\\\ GENERAL FUND ++ hilk r' REVENUE vs. EXPENDITURE ?,... , 4,t„...., .:„.:,.,. ..... , ,„.,...,,,,,..,,,,,,,,,,,. ..„, ,,:,,..,„ „....::..:.......,..,,,....._,., - , 1/4,,I.i3O 37,000,000 , , ,t 36,500,000 - :::::: Altiti. ./ :.:::,,,s,..t.:,.,„,, .,:i:,,,:,....--:..".?,..,E5.?: Mir&35,000,000 ' x,; itii,::.isr34,500,000 , s • .” 34,000,000 -+ — — ��3;' ,, 5,'+r, 33,500,000 — fxpenditu re i ?:2« iil 33,000,000 — itilt ii �. ter 32,500,000 —RPVPnuP � �',,!� /�/ 32,000,000 �/ •tt 31,500,000 ,,t 31,000,000 ,; , / 30,500,000 {�°�>;�:.... 30,000,000 . 29,500,000 • 29,000,000 ', , — , , , ,— ''' C>F.I,... >i FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17 FY 17-18 her`'+ r< u« <, �r i -_. f-I, l,v t ++1 St s'i. .. ::.................• S J+iSIYir:�h:.,: :;:....; ERNAL FACTOR - EXT .:..,.. ..:..... #li } i+4 #i#ii Y f l is 4.4.4,fi+:.::?: ';;iii4,4.';,v:. CaIPERS Rate Increases ; *. til%.a..,,...,. ;, iii-.j :,'1 • Projected Increase ,,4.,* ;;;: • $3 OM Increase: FY 2014- 15 vs FY 2017- 18 -# • $8 1M Increase: FY 2014- 15 vs FY 2020-21 ;i ,,;s1"„ - � ;;Ili) i1,1; i i;IF --- -il:1:-ill:-!Ell . ��II Fire Safety Contract = 3,1ai # # iii, ___ • $824k Increase from FY 2009- 10 to FY 2014- 15 .....-,0-:••4,,,,,:, ....,•••-:,--_-,1-_-!:- f, f� f • Successor Agency - Admin Allocation wr d Y f%{ ( ., `..:.."?::'•!-` +St} 3'7C ia i ,d,4:44i "ay h {? }rs • c \ _ yam,;¢. :_. _:;4.,,..++,.... _. set.4...0 .. •-:--- „,,,,., CaIPERS .. t } : 50.000% •x�fi ' 44.300% *}.,4 r.p 45.000% 40.000% Y �'•. _ 40.000% o — }>+!: `� - 42.000% .•: Vit: 35.000% '— 34.000% +t*,: -.:..,- • „ , moi♦,-,..e.:1:1 36.040% ;t* _= 30.281% ' /';+ 28.183% ; ,ty eft ' t: 30.000% i �,l"_'a ' 31.925% —+—MISC �'t ;� I-":11,1-. 28.785% (SAFETY j��' ,- 25.000% ��' 3� � r;a f {� '' 20.000% ;4 t z i,L.r;..t 15.820% 's.... o •-,{ � x 13.420% � ,... • 15.000% 12.G55% — — :,:-...„,,f7-4<,'.`,;::'.; fx 9.900% 14.620% 5'<.+�< : .,o 8.072% 8.686% ,0a” 5.000% — sf,, . c'Fq! 0.000% i¢ 44.l FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 a i . 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'cs :ii ::::f.::::::::::::::: ::A:::',.i-,.:XV ,P,>;:g,sX•i:i:n.,::',Z0?,,,:U.ftze.„,',..-"47,,-- -,_'4,--"..:-.--'•'*- iNMilfai.F.ff..W,„%r.,:.,t44.$11:;:44::.1'.4)+:,,%:.14-+: ;WN.:: :;!,;;';'+;!+,X41-4- ?:i.i: ' ' vs' i'.f.::i,',:i.i.i'.:•i*:',154,?.:.-;:-...',,i,i',:,,i,)„.,N, e.i..i.,:,:,:•Zi.Z.1..f.e:iNg'::4•i'...:';',':',rV4-="" - -'-',v,- -'co- ."- k.ft.4.1..Kkisa.0.exy...:,Y1,ku. 04,.7.a,+4.4.,.v1,41%«.0:;14±,fr.,.+,."*.t.t;.+.++4 .4,..t.t....:•.,-,..4.:+.4,:-..t.rt•??...; .*::.:*'. ... ....................................................."..:',i?....g..11....?;:::Z!Zi0..'Xi....:f,;*'. , .'"'"----... --'':"..W.4.ce*Z.,014.,SW:x-XWO' .*:+"++•:*+"'t.t:t+4.4•fl*At.,..:+.4,.**'.4 ,-..9'*t+.':r++:''.•** ' '.' .• . . ''':'?:-:.:'.."..'v.. ..: ,' . ' • -. . . '':, .1--;_,:-.:=---.*:-Z-EE-a---17-='•:"--,1"--l'I:: :::: .,---E.::-i'::::::"."...... .:1*:i::-Rif.:::,-,...;:.i..i±..?:.., ;0:,'.i-,*; ;;P;ee;:, ... _ .. ..... S� y;...._. . ni h ... ....., A} .,„, .i.,.......„,...„.„.........,.,,......„.,...,......:::„ '"'"3.1:1'..i.'"""-'"1 ,,,,,, y* 5}iteService ees :, .....,......„.._.... ,. „..„ ,. .,,,....„, ,,,,.. ,...::„................„,„:::: :,:4„ ., . ...„.. ., ,............„............,....:.„.„:.... 4,500,000 - ... n't. 4,400,000 4,342,195 Z' 4,300,000 -.- '.5 r, } 4,200,000 : . A, ...... ::::.. ?s 4,100,000 - 3,970,523 f ,.F 4,000,000 4,133,175 i ' ,� 3,900,000 ?),W•,. 3,738,592 s �i 3,800,000 lif +- ° 3,700,000 3,912,092 ti= '! * , j> wR 3,600,000 ``4 35000 /� 3,518,079t's�ti 3,400 000 - r �/ �/ 3,300,0001 /.; 3,200,000 3,100,000 .` x d C.,Fgl ' 3,000,000 -- -, I I ! i ti r+ • .z FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 u f 4:',.::+1::;--1--N-4+ rNY $iii+ ...:.:''''...'..'..:,, S CONS ! DE RED 1,,i,f,...,...,11.,.!+.i'..,:i.,:rh,::,•, ,,„...„,..„..„,„.,,. .... .... ,,,,,,,,,.„.„.„,,,„„,, ...„,„:„.„..•...,.....,.„....:::....,::.:.,::..: :i.::!...::::::::::Agi: a � ' .,„,,,,,,, • Increase User Fees and Charges ' : ti' ':• Recreation Program Fees : : ...✓ : .. . .a..rt::,y. fi+ • Reduce Services �' 4.. • LibraryHours .' ` Recreation Pro rams `Y`' '``{'r' i ` 1 • Ne otiations with Employee Bargaining Units ,.,,0, ii.e. : • PERS Contributionsf .g New Hire Benefit Reductions /!moi 'v;s? .« /// f iii,: • Successor Agency Bond Refundings ; . ` • Explore Other Revenue Sources ` WHAT N T I s • . : • Employee Reclassification ++moo. • Support Positions F�.+ ilh"i'l.;,,.. : "0 '':iiiti:51::J"'XV;046;MAMAAAN A •:-. -:::f...' ,. ' a,<++#eft • ` ..E •. : Capital OutlayEquipment - Unfunded ` 't} .v • Capital Improvement Projects - Unfunded• M ,f F Equipment Re lacement Fund for Future }L � ''� S 1 Vehicle Replacements -. 411, • Potential Impacts Related to Current Employee Contract Negotiations { `{ { { f Funding of Self Insurance Fund Deficit • Negotiations with Employee Bargaining Units <isy3 Employee COLAs " 3{v • Successor Agency g y ,0F1� _= r • 1 A m f S (,) V '''' ', C iti$0, „, \�.,: ,,, ' . n ,.............. mil . ... .. . .. . .. .n . .. .. • .. . . .. ...:.....::.::::.,..:... , ima n m . . ....... . mugi oa 0__. N4.,,,,,...,...„.... 73 O ....,.............„................... .. O fh mil ; U M 0 >a _,I (C) K.)Co O (ID C .....k M Cl. .1:i C, (.1:::1 .N.,) ....... 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Iiiiii.:1:11,:,;',,;:iti,.4.:f.illgi,,,,,,,,,,,t:',:i..Lirti„:-:`: t ,''":0,':-."yYf t .......................... i.i.,/,:-'kw. / •/ t ....... y' ........... ....... ....... .,...T„....:,.•:.::::,:::::!...1:-Iiill.................,:: Successor Agency....... ....... :..........:......,..•......:....:.,:iz.i.i. , „,,, ,. . s ,.i,;:ei„ii _n h / + My Estimated FY 2014- 15 Revenues $4,977,810 '..' �1 5'} i}f{ni s ;�i00.iii!I Estimated FY 2014- 15 Expenditures $4 977 810 \} ```'`` { A}i{i1��4;. i`r ii(i'41.1. r lb 'f yl 1:11 d i ,4 I i:;. r Net Balance 0 /. .:: ;f t r / 0 ,;f j �Y;r r r/i OFq r s r ..'d .1/lfC,4r''P .< .... , - ' /,`• • it * + s :,,,,f1-...e.at }+ y f :•}yE w , • Housing Administrative Allocation `) ::::• 4!+k: :+4'4 : • • Bond Refundings ` + .Qjiiz: li+ls,{ t t. 111''1 • Loans Between City and Former RDA €;t a, i4 ,. 1, • Transferred Properties t✓ { r, ;.... rr ,,' ,moi{ J��' ,a('F l l r*f. ,Int.4_'r * • • • '11 •, •••••••••••••••• • . . . • "• .•• rn 0• (/) 1)-4, •1?-%‘• :4,•tX,t4tele:f4t4•StANVIV4%•%.,,.".4:••k9n1,9;:5:I.N4,\I'7•;PM41* *:: W.,,+4*:?•44 .444•P'....P4.+4,•'+'!"+;' .1.4,4.•• ' 4414,4t4:•, •- ''''f':;••••••• APPROVED COUNCIL MEETING rr , Date' OF -r . + a "` s r i,"�5 `�r a - '� ' I .t o{ ^� CONSENT ITEM D-5 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: JANUARY 5, 2015 SUBJECT: CITY TREASURER'S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF NOVEMBER 2014. RECOMMENDATION: It is recommended that the Council Members receive, review, and file the City Treasurer's Report for the City of Azusa for the month of November 2014. BACKGROUND: Transmitted herewith is the City Treasurer's Statement of Cash Balances for the City of Azusa for the month of November 2014. City investments are made in accordance with the City's Investment Policy adopted and approved with Resolution No. 05-C16 dated, February 22, 2005, and Government Code Section 53600 et seq. FISCAL IMPACT: The balances of cash, investments, and projected revenues for the next six months are expected to be sufficient to meet cash disbursement requirements of the City for at least the next six months. The change in total cash in bank and investments (at cost) from October 31, 2014 to November 30, 2014 is a net decrease of$833,083.85. The change in total cash in bank and investments (at market) from October Ji, 2014 to November 30, 2014 is a net decrease of$796,451.26. CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez,Treasurer Treasury Checking Accounts and Certificates of Deposit November 30,2014 Held in Wells Fargo Bank Face Maturity Interest or Balance Coupon Description Account Number or Amount Date Rate or CUSIP Market Value Checking Accounts General Checking Account XXX-XXX1244 230,377.00 Stagecoach Sweep Account DDA XXX-XXX1244 2,920,296.22 Worker's Compensation Checking(ZBA account) XXXX-XX3279 0.00 Payroll Checking(ZBA account) XXXX-XX 1393 0.00 Police Detective Petty Cash Fund XXX-XXX2231 3,109.06 Section 108 0.020% Choice IV-Public Fund Account XXX-XXX2239 30,634.34 Covington Endowment WFB Advantage Heritage Money Market Fund(rated AAAm/Aaa) WFB XXXX7554 1,472.97 100,000 05/30/17 1.100% Certificate of Deposit Goldman Sachs Bank Matures 5/30/17 CUSIP 38147JC75 99,923.10 Sewer Bond Fund WFB Advantage Heritage Money Market Fund(rated AAAm/Aaa) WFB XXXXI829 19,579.79 250,000 03/28/17 0.750% Certificate of Deposit Georgia B&T Matures 3/28/17 CUSIP 373128EC7 247,718.75 Philleo TR FBO Azusa WFB Money Market Fund WFB XXXX8700 7,484.83 Investments In Fixed Income.Equities,Real Asset Funds&Other 165,863.09 TOTALS WELLS FARGO BANK ACCOUNTS 3,726,459.15 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez,Treasurer November 30,2014 9/30/2014 Market Price Coupon Maturity Settlement Market Interest Received Fiscal Broker Face Amount Description Rate Date Acct/Cusip No. Date Principal** (Changes Value*** Year to Date* Monthly) City of Azusa Investments - Certificates of Deposit-FDIC Insured CERTIFICATES OF DEPOSIT SOLD OR MATURED DURING FISCAL YEAR 3,380.55 Wachovia Sec 100,000.00 Ally Bank UT 0.950% 02/08/15 02005QYS6 02/08/12 100,000.00 100.093 100,093.00 471.10 245,000.00 American Express Bank,FSB 2.050% 07/31/19 02587CAM2 07/31/14 245,000.00 99.549 243,895.05 RBC Dam Rauscher 245,000.00 American Expr Centurion 2.000% 11/28/18 02587DWJ3 11/28/14 245,000.00 99.582 243,975.90 Higgins/RBC 245,000.00 Bank Baroda New York 1.100% 12/27/16 06062ACV9 12/26/13 245,000.00 100.195 245,477.75 Wachovia Sec 200,000.00 Bank Hapoalim NY 1.000% 07/24/15 06251AYD6 07/24/12 200,000.00 100.445 200,890.00 991.78 Wachovia Sec 200,000.00 Barclays Bank of Delaware 1.600% 01/11/16 06740KFS1 01/11/12 200,000.00 101.270 202,540.00 1,569.32 Multi Bank Securitie; 245,000.00 Capital One Bank 2.000% 11/05/19 140420QN3 11/05/14 245,000.00 99.389 243,503.05 Multi Bank Securitie; 245,000.00 CIT Bank SLC 2.150% 11/19/19 17284C3Q5 11/19/14 245,000.00 99.354 243,417.30 Multi Bank Securitie; 245,000.00 Comenity Cap Bank 1.850% 10/09/18 20033AHA7 10/16/14 244,265.00 99.315 243,321.75 273.19 Wachovia Sec 200,000.00 Compass Bank Birmingham AL 1.000% 12/29/14 2045 IPACO 06/29/12 200,000.00 100.046 200,092.00 Multi Bank Securitie! 245,000.00 First Bank of Highland Park 2.000% 11/05/19 319141CY1 11/050/14 245,000.00 99.352 243,412.40 Gillford/Stern Agee 245,000.00 GE Capital retail Bank 1.000% 12/20/16 36157QTX5 12/20/13 245,000.00 99.862 244,661.90 Wachovia Sec 200,000.00 Goldman Sachs Group,Inc. 1.200% 03/07/16 38143ALTO 03/07/12 200,000.00 100.550 201,100.00 1,209.86 Wachovia Sec 200,000.00 Huntington National Bank 0.750% 12/08/14 446438QL0 06/08/12 200,000.00 100.009 200,018.00 WFB 200,000.00 JP Morgan Chase 0.500% 02/16/16 48124JSS8 02/15/13 200,000.00 99.716 199,432.00 487.67 First Clearing Corp 245,000.00 Key Bank National Association 0.450% 03/13/15 49306SR1-11 03/13/13 245,000.00 100.060 245,147.00 555.78 Wachovia Sec 200,000.00 Merrick Bank South Jordan UT 0.900% 01/25/16 59012YU96 07/25/12 200,000.00 100.727 201,454.00 754.54 Wachovia Sec 200,000.00 Safra National Bank 0.800% 06/29/15 786580T83 07/28/12 200,000.00 100.405 200,810.00 Wachovia Sec 200,000.00 Sallie Mae Bank Murray UT 1.100% 08/10/15 795450NT8 08/08/12 200,000.00 100.466 200,932.00 1,090.96 Wachovia Sec 200,000.00 State Bank of India NY 1.250% 06/22/15 856284F74 06/22/12 200,000.00 100.413 200,826.00 Gillford/Stem Agee 248,000.00 Third Federal Sav&Loan 2.000% 11/25/19 88413QAW8 11/24/14 248,000.00 99.268 246,184.64 Wachovia Sec 245,000.00 Webster Bank NA 1.000% 12/12/17 94768NJD7 12/12/12 245,000.00 100.699 246,712.55 Wachovia Sec 245,000.00 Wells Fargo Bank WFCO 0.950% 02/28/18 94986TMB0 02/27/13 245,000.00 100.236 245,578.20 1,173.32 TOTALS 5,543,000.00 5,042,265.00 5,043,474.49 11,958.07 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez,Treasurer November 30,2014 Market Price Coupon Maturity Settlement Market Interest Received Fiscal `. Broker Face Amount Description Rate Date Acct/Cusip No.' Date Principal.. (Changes. Value"' Year to Date* Monthly) City of Azusa Investments - AAA Rated Federal Agency Bonds BONDS CALLED OR MATURED DURING FISCAL YEAR 27 875.00 Gilford/Sterne Agee 1,000,000 FHLB 1.000 STEP 06/26/19 1.000% 06/26/19 3130A2EC6 06/26/14 1,000,00000 100.066 1,000,660.00 Gilford Sec 1,000,000 FFCB 0.770 6/15/17 0.770% 06/15/17 3133EC5L4 12/05/12 999,300.00 99.762 997,620.00 Gilford Sec 1,000,000 FFCB 0.900 12/26/17 0.900% 12/26/17 3133ECB45 12/26/12 999,500.00 99.686 996,860.00 Gilford Sec 1.000,000 FFCB 0.980 09/18/17 0.980% 09/18/17 3133EAX29 09/20/12 1,000,000.00 99.928 999,280.00 4,900.00 Gilford Sec 1,000,000 FFCB 1.0303/12/18 1.030% 03/12/18 3133ECHS6 03/12/13 1,000,000.00 99.874 998,740.00 5,150.00 RBC Dain Rauscher 1,000,000 FFCB 1.050 3/14/18 1.050% 03/14/18 3I33ECJ39 03/14/13 999,500.00 99.813 998,130.00 5,250.00 Higgins 1,000,000 FFCB 1.100 06/20/17 1.100% 06/20/17 3133EAVA3 06/20/12 1,000,000.00 99.946 999,460.00 Gilford Sec 1,000,000 FHLB 085 07/24/17 0.850% 07/24/17 313380WR4 10/24/12 1,000,000.00 99.449 994,490.00 4,250.00 Gilford Sec 1,500,000 FHLB 0.800 05/23/17 0.800% 05/23/17 313381AN5 11/23/12 1,500,000.00 99.558 1,493,370.00 6,000.00 Gilford Sec 1,000,000 FHLB 0.85008/15/17 0.850% 08/15/17 313381Z24 02/15/13 1,000,000.00 99.616 996,160.00 4,250.00 Gilford/Sterne Agee 1,000,000 FFCB 1.180 09/26/17 1.180% 09/26/17 3133EDCJ9 12/26/13 1,000,000.00 100.006 1,000,060.00 5,900,00 Gilford Sec 1,000,000 FHLB 0.980 11/15/17 0.980% 11/15/17 3133817D1 II/15/12 1,000,000.00 99.367 993,670.00 4,900.00 WFB 1,000,000 FHLB 1.00001/30/18 1.000% 01/03/18 313381TW5 01/30/13 ,000,000 00 99.422 994,220.00 5,000.00 Gilford/Sterne Agee 1,000,000 FHLB 1.325 01/16/18 1.325% 01/16/18 3130A2GP5 07/16/14 1,000,000.00 100.137 1,001,370.00 Higgins 1,000,000 FHLB 1.375 6/27/18 1.375% 06/27/18 3I3383JP7 6/27/2013 1 000,000.00 99.998 999,980.00 Higgins 1,000,000 FNMA 1.05005/25/18 1.050% 05/25/18 3135G0XK4 05/30/13 1,000,000.00 98.464 984,640.00 5,250.00 Gilford/Sterne Agee 1,000,000 FFCB 1.60010/23/18 1.600% 10/23/18 3133EDZ96 10/24/14 999,000.00 99.788 997,880.00 (177.78) Gilford/Sterne Agee 1,000,000 FHLB 2.07004/15/19 2.070% 04/15/19 3130A1GQ5 04/15/14 1,000,000.00 100.010 1,000,100.00 10,350.00 Gilford/Sterne Agee 1,000,000 FHLB 125001/09/18 1.250% 01/09/18 3130A0GC8 01/08/14 994,180.00 100.006 1,000,060.00 6,250.00 Gilford/Sterne Agee 1,000,000 FHLB 1.000 STEP 06/19/2019 1.000% 06/19/19 3130A25W2 06/19/14 999,500.00 100.038 1,000,380.00 Gilford/Sterne Agee 1,000,000 FHLB 1.75010/23/18 1.750% 10/23/18 3130A3BE3 10/02/14 1,000,000.00 100.141 1,001,410.00 Gilford/Sterne Agee 1,000,000 FNMA 2.00 08/28/19 2.000% 08/28/19 3136623X3 08/28/14 1,000,000.00 100.834 1,008,340.00 Multi-Bank Sec 700,000 FNMA 200 11/26/19 2.000% 11/26/19 3136G2A31 11/26/14 700,000.00 100.313 702,191.00 TOTALS 29,200,000 23,190,980.00 23,159,071.001 95,147.22 WFB-CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.070% N/A N/A N/A 2,173,911.10 100.000 2,173,911.101 218.47 LAIF-CITY LOCAL AGENCY INVESTMENT FUND 0.261% N/A N/A N/A 16,345,194.47 100.000 16,345,194.47 9,697.42 Page 3 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez,Treasurer November 30,2014 Market Price Coupon Maturity Settlement Market Interest Received Fiscal Broker Face Amount Description Rate Date Acct/Cusip No. Date Principal** (Changes Value*** Year to Date* Monthly) Light& Water Fund Investments - Certificates of Deposit-FDIC Insured CERTIFICATES OF DEPOSIT SOLD OR MATURED DURING FISCAL YEAR 302.47 Higgins/RBC 245,000.00 Bank Baroda New York 1.100% 12/27/16 06062ACV9 12/24/13 245,000.00 100.195 245,477.75 Wachovia Sec 40,000.00 Bank Hapoalim NY 1.000% 07/24/15 0625IAYD6 07/24/12 40,000.00 100.445 40,178.00 198.36 Wachovia Sec 40,000.00 BMW Bank of NA 1.350% 04/27/16 05568PW45 04/27/12 40,000.00 100.895 40,358.00 270.74 Wachovia Sec 200,000.00 Discover Bank Greenwood DE 1.050% 05/11/15 254671AR1 05/09/12 200,000.00 100.317 200,634.00 1,058.63 Wachovia Sec 200,000.00 GE Capital Financial Inc. 1.250% 05/18/16 36160XD87 05/18/12 200,000.00 100.594 201,188.00 1,260.27 Wachovia Sec 235,000.00 GE Capital Retail Bank 1.050% 04/27/15 36157PCW7 04/27/12 235,000.00 100.230 235,540.50 1,237.13 Wachovia Sec 40,000.00 Huntington National Bank 0.750% 12/08/14 446438QL0 06/08/12 40,000.00 100.009 40,003.60 Wachovia Sec 40,000.00 Safra National Bank 0.800% 06/29/15 786580T83 07/28/12 40,000.00 100.405 40,162.00 Wachovia Sec 40,000.00 State Bank of India NY 1.250% 06/22/15 856284F74 06/22/12 40,000.00 100.413 40,165.20 TOTALS 835,000.00 1,080,000.00 1,083,707.05 4,327.60 Page 4 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer November 30,2014 Market Price Coupon Maturity Settlement Market Interest Received Fiscal Broker Face Amount Description Rate Date Acct/Cusip No. Date Principal** (Changes Value*** Year to Date* Monthly) Light&Water Fund Investments - AAA Rated Federal Agency Bonds BONDS CALLED OR MATURED DURING FISCAL YEAR 3,354 48 Gilford Sec 1,000,000.00 FFCB 0.730 03/13/17 0.730% 03/13/17 3133ECHG2 03/13/13 1,000,000.00 99.921 999,210.00 3,650.00 WFB 1,000,000.00 FFCB 0.690 09/26/16 0.690% 09/26/16 3133EAZ76 09/26/12 1,000,000.00 99.938 999,380.00 3,450.00 WFB 1,000,000.00 FFCB 0.62010/24/16 0.620% 10/24/16 3133EA5V6 10/24/12 1,000,000.00 99.538 995,380.00 3,100.00 Gilford Sec 1,000,000.00 FFCB 0.820 07/11/17 0.820% 07/11/17 3133EA4H8 10/12/12 999,000.00 99.723 997,230 00 4,100.00 Gilford Sec 1,000,000.00 FFCB 0.980 09/18/17 0.980% 09/18/17 3133EAX29 09/18/12 1,000,000.00 99.928 999,280.00 4,900.00 ilford Sec/Sterne Ag( 1,000,000.00 FHLB 2.10 09/30/19 2.100% 09/30/19 3130A32T0 09/30/14 1,000,000.00 100.156 1,001,560.00 Gilford Sec 1,000,000.00 FHLB 1.000 02/27/18 1.000% 02/27/18 3133823D3 02/27/13 1,000,000.00 99.449 994 490.00 5,000.00 Higgins Capital 1,000,000.00 FHLB 0.900 06/20/18 0.900% 06/20/18 313383EM9 06/20/13 994,500.00 99.515 995,150.00 TOTALS 8,000,000.00 7,993,500.00 7,981,680.00 27,554.48 WFB-L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.070% N/A N/A N/A 927,602.37 100.000 927,602.37 245.23 Market Price Market Interest Received Fiscal CITY OF AZUSA and LIGHT&WATER RATE STABLIZATION Principal** (Changes Value*** Year to Date* Monthly) TOTAL INVESTMENTS IN FEDERAL AGENCIES,CD's,WFB INSTITUTIONAL TRUSTS,and LAIF 56,753,452.94 56,714,640.48 149,148.49 *The Interest reflects earnings received from July 1,2013. **The"Principal"column reflects the balance on the last day of the month or the"historical cost"spent to purchase a security. ***The"Market Value" is the current price at which a security can be traded or sold. Page 5 APPROVED COUNCIL MEETING Date, \ G ,, r Azus CONSENT ITEM D-6 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: SAMUEL G. GONZALEZ, CHIEF OF POLICE VIA: DONALD PENMAN, INTERIM CITY MANAGER DATE: JANUARY 5, 2015 SUBJECT: REQUEST TO PURCHASE ONE (1) SPECTRACOM NETCLOCK FROM COMMUNICATIONS CENTER, LOCATED IN GLENDORA, CA RECOMMENDATIONS It is recommended that the City Council approve the sole source purchase of one (1) Spectracom NetClock, GPS Command Center Package (GP934m-94 — Two Networks), from Communications Center, located at 719 Arrow Grand Circle, Covina, CA 91722, for an amount not to exceed $10,250. BACKGROUND With the implementation of a new Computer Aided Dispatching / Records Management System (CAD/RMS), it is critical that we obtain an automated timekeeping system that will synchronize the different system clocks, so that they all display the same time. Computers' internal clocks degrade at a slight rate, however over time this can lead to discrepancies in time stamps. A NetClock is an independent server designed to keep attached and directed devices times, accurate to millisecond or microsecond. NetClocks in turn receive their time from GPS satellites and atomic clocks. Netlocks ensure the correct time between computers, servers, phone systems, radio systems and the like. The purchase of a NetClock will allow the automatic synchronization between system computers. It is essential that all computers and digitally recorded information associated with CAD/RMS, reflect the same time. Discrepancies in response and arrival times, and time stamps between events during critical incidents, can erode public trust. Moreover, time stamp discrepancies can negatively influence jury opinions during litigation. FISCAL IMPACT Funds for purchasing the NetClock were obtained as a result of a FY 2014 Edward Byrne Memorial Justice Assistance Grant Program award (CITY OF AZUSA 2014-DJ-BX-0277 $18,716.00 CA 2014). This purchase will not impact the General Fund. Prepared by: Captain Frank Chavez APPROVED COUNCIL MEETING Data, Ir_ a �G ' _ - - %.„ CONSENT ITEM D-3 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: THERESA ST. PETER, INTERIM DIRECTOR OF HUMAN RESOURCES &RISK MANAGEMENT VIA: DON PENMAN, INTERIM CITY MANAGER DATE: JANUARY 5, 2015 SUBJECT: HUMAN RESOURCES ACTION ITEMS RECOMMENDATION It is recommended that the City Council approve the following Personnel Action Requests in accordance with the City of Azusa Civil Service Rules and applicable Memorandum of Understanding(s). BACKGROUND On December 23, 2014, the Personnel Board confirmed the following Department Head's recommendation regarding the following Personnel Action requests. A. MERIT INCREASE AND/OR REGULAR APPOINTMENT: DEPARTMENT NAME CLASSIFICATION TYPE OF ACTION/ RANGE/STEP EFFECTIVE DATE BASE MO. SALARY PD Felipe Munoz Police Officer Reg. Appt 6184/5 12/2/2014 $7,030.77 PD Felix Zarate Water Distribution Worker 1 Merit Increase/3 5167/3 12/15/2014 $4,346.51 LB Reed Strege City Librarian Merit Increase/5 3348/5 12/31/2014 $7,165.22 B. NEW APPOINTMENT: The following appointments have been requested by department heads pursuant to the Rules of The Civil Service System. DEPARTMENT NAME CLASSIFICATION EFFECTIVE DATE RANGE/STEP BASE MO. SALARY Public Works Oscar Morales Street Maintenance Worker I 01-06-2015 8153/3 $3,854.89 Public Works Robert Espinosa Street Maintenance Worker I 01-06-2015 8153/5 $4,250.01 Police Kathleen Soliven Police Records Specialist I Pending successful 9140/1 completion of background& $3,011.72 medical exam C. SEPARATION: The following separations are submitted for informational purposes. DEPARTMENT NAME CLASSIFICATION EFFECTIVE DATE Human Resources Debbie Mortensen Human Resources Technician 12/30/2014 Police Eric Sanchez Police Officer 12/30/2014 FISCAL IMPACT There is no fiscal impact, as positions listed are funded in approved department budgets. This page is part of your document - DO NOT DISCARD 20 150075090 Illllll�llllllllfll[IIIII�III��IIII�I�IIIIII III�IIII�I �I Recorded/Filed in Official Records Recorder's Office, Los Angeles County, California 01/22/15 AT 09:50AM FEES: TAXES: OTHER: PAID: IIII�IIIiIIIIEIIIIiIIIIIiIIIII�iIIII�II�iIIRIIIIIIiIIII�IIII�iIIIiIIVilllill LEADSHEET 1111111111111111111111111111111111111111111111111111111 201501222950011 00010073051 IV�I�SIIII�A�IIIAIIII 006601586 SEQ: 02 miuiuiiiiiiiiiinid imiiiiiTHIS FORM IS NOT TO BE DUPLICATED iiiimi E700399 Pages: 0008 0,00 0.00 0.00 0,00 RECORDED AT THE REQUEST OF AND WHEN RECORDED RETURN TO: City of Azusa 213 East Foothill Boulevard Azusa, California 91702 Attention: City Manager 0112212015 -20150075090* Exempt from filing fees — Gov't Code §6103 \SNM�.Yc..Mt ove f<:r r-!: ccrdar&-usc oi�ryr SECOND AMENDMENT TO THE DEVELOPMENT AGREEMENT THIS SECOND AMENDMENT TO THE DEVELOPMENT AGREEMENT (the "Second Amendment") is dated as of January 5, 2015, and is being entered into by and among the City of Azusa, a California municipal corporation ("City"), and the City of Azusa Light and Water Department ("ALW") (jointly referred to as the "City") and Rosedale Land Partners II, LLC, a Delaware limited liability company ("Owner"), with reference to the following facts: __ A-__ ,__ a-"Califo-retia- corporation, entered into that certain Development Agreement between City and Owner's predecessor in interest dated as of May 27, 2004, and recorded on July 29, 2004, in the Official Records of Los Angeles County as Document No. 04-1952514, ("Development Agreement"), covering that certain property more particularly described in the Development Agreement. B. The Development Agreement provides for the development of a master planned community project consisting of 1,250 residential units, commercial space and various public and infrastructure improvements. C. On August 27, 2004, Monrovia Nursery Company assigned all of its rights, obligations, title and interest under the Development Agreement to Azusa Land Partners, LLC, a Delaware limited liability company, in accordance with Section 3.6 of the Development Agreement; and D. Azusa Land Partners, LLC surrendered all of its rights, obligations, title and interest under the Development Agreement due to foreclosure; and E. On October 10, 2010, Rosedale Land Partners II, LLC, a Delaware limited liability company, obtained all rights, obligations, title and interest of the Development Agreement by acquiring the subject property pursuant to a Trustee's Deed dated October 1, 2010, pursuant to Section 3.6 of the Development Agreement; and 45635 01000\8357311.2 F. The First Amendment to Development Agreement was approved and entered into by the City and Owner on April 7, 2014 and is set to expire on February 27, 2015. G. Owner has requested that the term of the Development Agreement be extended pursuant to Section 3.5 of the Development Agreement. City and Owner are currently negotiating a long-term extension of the Development Agreement as well as substantive amendments to adjust the rights and responsibilities of the parties. H. The parties desire to amend the Development Agreement to extend the term by nine (9) months in order to allow sufficient time to conclude negotiations and bring those negotiated amendments to the City Council for approval. Nothing set forth herein shall amend or affect the additional five year extension of the Development Agreement pursuant to the last paragraph of Section 3.5. I. All capitalized but undefined terms used herein shall have the same meaning as set forth in the Development Agreement. J. On November 19, 2014, the City Planning Commission held a duly noticed public hearing on this Second Amendment and by Resolution No. 2014-22 recommended to the City Council approval of this Amendment. K. On December 15, 2014, the City Council held a duly noticed public hearing on this Second Amendment. On January 5, 2015, the City Council adopted Ordinance No. 14-06, approving this Second Amendment and affirming the findings required under Government Code Section 65867.5 for approval of this Second Amendment. NOW, THEREFORE, in consideration of the mutual terms and conditions contained herein, the parties agree to amend the Development Agreement as follows: 1. Effective Date. This Second Amendment shall become effective on the date on which all of the following are true: (i) this Second Amendment has been executed by Owner's duly authorized officers and officials and delivered to the City; (ii) this Second Amendment has been approved by ordinance of the City Council of the City of Azusa and such ordinance has become effective; and (iii) this Second Amendment has been duly executed by the Mayor and delivered to Owner. Notwithstanding the above, the "Effective Date", for purposes of the Development Agreement, shall remain as defined in Section 3.1.9 of the Development Agreement. 2. Recordation. The City and Owner hereby consent to the recordation of this Second Amendment in the Official Records of Los Angeles County, California at any time following the effective date of this Second Amendment. 3. Amendment to Section 3.5. The first and second paragraphs of Section 3.5 of the Development Agreement are hereby amended to read as follows: 45635.01000\8357311.2 "3.5. Term. The term ("Term") of this Agreement shall commence on the Effective Date and shall continue until November 27, 2015, unless terminated sooner pursuant to a specific provision of this Agreement. The Term of this Agreement shall be extended for one (1) additional five (5) year period following the expiration of the initial tori (10) year period provided above upon the occurrence of all of the following: (i) The Owner shall give written notice to the City no later than one hundred twenty (120) days before the expiration of the initial teR (10) year period that the Owner desires to extend this Agreement for the additional five (5) -year period; 4. This Second Amendment may be executed in any number of identical counterparts, each of which shall be deemed to be an original, and all of which together shall be deemed to be one and the same instrument when each party has signed one such counterpart. 5. Not later than ten (10) days following the Effective Date of this Second Amendment, the City Clerk shall record this Second Amendment with the Los Angeles County Recorder's Office. 6. Other than as set forth herein, all of the terms and conditions of the Development Agreement shall remain in full force and effect. To the extent of any inconsistency between the terms and conditions of this Second Amendment and the Development Agreement, the terms and conditions of this Second Amendment shall control. [Signatures on following pages] 45635. 01 000\8357311.2 IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the date and year first written above. CITY City of Azusa By: J*_�uC Pe City Manager Date: 1 /r-/ s ATTEST: ce Corrki City Clerk APPROVED AS TO FORM: By: Bes Best & Kriger LL City Attorney Date: 45635.01000\83 57311.2 OWNER ROSEDALE LAND PARTNERS II, LLC a Delaware limited liability company By: CDG ROSEDALE INVESTMENT, LLC, a Delaware limited liability company its Administrative Member 10 Its: Date: CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of 44DI 0— *2 ) 0J6L)lI�a.�P. before me, nate Here Insert Name and Title of the Offi er personally appeared �t2 �. E' n WLa-,vl Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person($'] whose nameo is/are subscribed to the within instrument and acknowledged to me that he/eheA4iey executed the same in his/herftheir authorized capacity(ie3), and that by his/herAheir signature(§ j on the instrument the personJ,s'J, or the entity upon behalf of which the personA acted, executed the instrument. J. V. HERNANOI»z Commission # 1998874 a2 '+ Notary Public - 065fornia zZ x` Z Los Angeles County v My Comm. Expires Nov 22, 2016 I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature Signature of Notary Public Place Notary Seal Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: Number of Pages: Document Date: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: 02014 National Notary Association - www.NationalNotary.org - 1 -800 -US NOTARY (1-800-876-6827) Item #5907 IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the date and year first written above. CITY OWNER 7 City of Azusa ROSEDALE LAND PARTNERS II, LLC a Delaware limited liability company M City Manager By: CDG ROSEDALE INVESTMENT, LLC, a Delaware limited liability company its Administrative Member Date: By: t� Its: CSO ATTEST: Date: rence c;o,Cneio;Ar City Clerk APPROVED AS TO FORM: By: Best Best & Krieger LLP City Attorney Date: 45635.01000\8357311 2 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of nl -� ) On .1 I before me,lL� y�_.., e--, DateTT Here Insert Name and Title of the Officer D personally appeared d c,_ 0�6.Avd Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the personWwhose name(s)' is/aree- subscribed to the within instrument and acknowledged to me that helsheAhay executed the same in his/he#their authorized capacity(fesy, and thatb hisfherAh- eir signaturj(s) on the instrument the persorp(a), or the entity upon behalf of which the persongacted, executed the instrument. PATRICIA ALEXIS HANS0N Commission # 2063319 z �+ Notary Public - California i Orange County a My Comm. Expires M g 2, 2418 Place Notary Seal Above I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. j Signature ��' �E11411u2'c�J Signature of Notary Public OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: _ Number of Pages: Signer(s) Document Date: Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: D Corporate Officer — Title(s): Partner — E Limited E: General C Individual D Attorney in Fact ❑ Trustee ❑ Guardian or Conservator Other: Signer Is Representing: Signer's Name: Corporate Officer — Title(s): Partner — n Limited 7 General Individual C Attorney in Fact Trustee Guardian or Conservator D Other: Signer Is Representing: 02014 National Notary Association - www.NationalNotary.org - 1 -800 -US NOTARY (1-800-876-6827) Item #5907