BOARD OF DIRECTORS http://www.ebparks.org/activities/fis Board MeetinghingD OF Packet DIRECTORS
September 18, 2018 Clerk of the Board YOLANDE BARIAL KNIGHT (510) 544-2020 PH MEMO to the BOARD OF DIRECTORS (510) 569-1417 FAX EAST BAY REGIONAL PARK DISTRICT
East Bay Regional Park District Board of Directors
DENNIS WAESPI Amended - Closed Session President - Ward 3 The Regular Session of the SEPTEMBER 18, 2018 Board Meeting is scheduled to commence at AYN WIESKAMP 1:00 p.m. at the EBRPD Administration Building, Vice President - Ward 5 2950 Peralta Oaks Court, Oakland ELLEN CORBETT Treasurer - Ward 4 DEE ROSARIO Secretary - Ward 2 Respectfully submitted, WHITNEY DOTSON Ward 1 COLIN COFFEY Ward 7 BEVERLY LANE Ward 6 ROBERT E. DOYLE General Manager ROBERT E. DOYLE General Manager
P.O. Box 5381 2950 Peralta Oaks Court Oakland, CA 94605-0381 (888) 327-2757 MAIN (510) 633-0460 TDD (510) 569-1417 FAX www.ebparks.org Amended AGENDA
REGULAR MEETING OF SEPTEMBER 18, 2018 BOARD OF DIRECTORS The Board of Directors of EAST BAY REGIONAL PARK DISTRICT the East Bay Regional Park District will hold a regular meeting at District’s 11:00 a.m. ROLL CALL (Board Conference Room) Administration Building, 2950 Peralta Oaks Court, Oakland, CA, commencing at 11:00 a.m. PUBLIC COMMENTS for Closed Session and 1:00 p.m. for Open Session on Tuesday, CLOSED SESSION September 18, 2018.
Agenda for the meeting is listed adjacent. Times for agenda A. Conference with Labor Negotiator: Government Code Section 54957.6 items are approximate only and are subject to change during the 1. Agency Negotiator: Robert E. Doyle, Ana M. Alvarez, meeting. If you wish to speak on Kip Walsh, Eddie Kreisberg matters not on the agenda, you may do so under Public Employee Organizations: AFSCME Local 2428, Comments at the beginning of Police Association the agenda. If you wish to testify Unrepresented Employees: Managers and Confidentials on an item on the agenda, please complete a speaker’s form and B. Conference with Legal Counsel: submit it to the Clerk of the Board.
1. Existing Litigation – Government Code Section 54956.9 (d)(1): A copy of the background materials concerning these a) EBRPD v Golden Gate Land Holdings et al. agenda items, including any Alameda County Superior Court material that may have been submitted less than 72 hours Case No. RG 11586821 before the meeting, is available for inspection on the District’s b) Golden Gate Fields Land Holding LLC v EBRPD et al. website (www.ebparks.org), Alameda Superior Court the Administrative Building Case No. RG 18915438 reception desk, and at the meeting.
2. Initiation of Litigation – Government Code Section 54956.9(d)(4): Agendas for Board Committee (2 cases) Meetings are available to the public upon request. If you wish to be placed on the mailing list to receive future agendas for a specific Board Committee, 1:00 p.m. OPEN SESSION (Board Room) please call the Clerk of the Board’s Office at (510) 544- PLEDGE OF ALLEGIANCE 2020. District facilities and meetings A. APPROVAL OF AGENDA comply with the Americans with Disabilities Act. If special B. PUBLIC COMMENTS accommodations are needed for you to participate, please contact the Clerk of the Board as soon as possible, but preferably at least three working days prior to the 3 meeting. 1:30 p.m. C. BUSINESS BEFORE THE BOARD
1. CONSENT CALENDAR
a. Approval of District Check Listing for the Period of July 30, 2018 to August 19, 2018 (Auker/Doyle) (Resolution) (No Cost) b. Approval of the Minutes for the Board Meeting of September 4, 2018 (Barial Knight/Auker) (Resolution) (No Cost) c. Authorization to Execute a Professional Services Contract with Weldon Exhibits for the Install Exhibit at Visitor Center Project: Black Diamond Mines Regional Preserve (Goorjian/Nisbet) (Resolution) (Budgeted Funds) d. Authorization to Appropriate Measure WW Funds for the Dredge Ponds and Repair Levees Project: Hayward Regional Shoreline (Goorjian/Nisbet) (Resolution) (WW Funds) Budget Change) e. Approval of Out-of-State Travel for Board Member Dennis Waespi and General Manager Robert E. Doyle to Attend the 2018 National Recreation and Park Association Conference in Indianapolis, Indiana on September 25-27, 2018 (Barial Knight/Auker) (Resolution) (Budgeted Funds) f. Authorization to Adjust and Appropriate Measure WW Funds and Award a Contract to CLE/Foth Engineering Inc. for Bay Water Trail Access Improvements: Point Pinole Regional Shoreline (Rasmussen/Auker) (Resolution) (WW Funds/ Budget Change) g. Acceptance of the East Bay Regional Park District Investment Report for the Quarter Ended June 30, 2018 (Spaulding/Auker) (Resolution) (No Cost)
1:45 p.m. 2. ACQUISITION, STEWARDSHIP & DEVELOPMENT DIVISION
a. Authorization to Enter into an Option, Purchase and Sale Agreement and Transfer and Appropriate Funds for the Acquisition of 160± Acres of Real Property from Jerauld A. Grove, Trustee of the Jerauld A. Grove Revocable Trust dated September 1, 2011: Doolan Canyon Regional Preserve (Reeves/Nisbet) (Resolution) (WW Funds/ Budget Change)
b. Authorization to Enter into an Option, Purchase and Sale Agreement and Transfer and Appropriate Funds for the Acquisition of 9.24± Acres of Real Property from Penelope I. Heiser, Sole Trustee of the Annette Purviance Family Trust: Round Valley Regional Preserve (Reeves/Nisbet) (Resolution) (WW Funds/ Budget Change)
4 2:15 p.m. 3. BOARD AND STAFF REPORTS
a. Actions Taken by Other Jurisdictions Affecting the Park District (Doyle)
2:30 p.m. 4. GENERAL MANAGER’S COMMENTS
a. Finance Department Update
3:00 p.m. 5. ANNOUNCEMENTS FROM CLOSED SESSION
3:15 p.m. 6. PUBLIC COMMENTS
3:45 p.m. 7. BOARD COMMENTS
4:00 p.m. D. ADJOURNMENT
5 CONSENT CALENDAR AGENDA REGULAR MEETING BOARD OF DIRECTORS
EAST BAY REGIONAL PARK DISTRICT
Tuesday, September 18, 2018
C. BUSINESS BEFORE THE BOARD
1. CONSENT CALENDAR
a. Approval of District Check Listing for the Period July 30, 2018 Through August 19, 2018 (Auker/Doyle)
RECOMMENDATION
It is recommended that the Board of Directors approve the Check Listing for the period of July 30, 2018 through August 19, 2018.
Per Resolution No. 1992-1-40, adopted by the Board on January 21, 1992, a copy of the Check Listing has been provided to the Board Treasurer for review. A copy of the Check Listing has also been provided to the Clerk of the Board, and will become a part of the Official District Records.
6 EAST BAY REGIONAL PARK DISTRICT
RESOLUTION NO.: 2018 – 09 -
September 18, 2018
APPROVAL OF DISTRICT CHECK LISTING FOR THE PERIOD OF JULY 30, 2018 THROUGH AUGUST 19, 2018
WHEREAS, District Resolution No. 1992 - 1 - 40, adopted by the Board of Directors on January 21, 1992, requires that a listing of District checks be provided to the Board Treasurer for review;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the East Bay Regional Park District hereby approves the check listing for the period of July 30, 2018 through August 19, 2018;
Moved by Director , seconded by Director , and adopted this 8th day of September 18, 2018 by the following vote:
FOR:
AGAINST: ABSTAIN: ABSENT:
7 AGENDA REGULAR MEETING BOARD OF DIRECTORS
EAST BAY REGIONAL PARK DISTRICT
Tuesday, September 18, 2018
C. BUSINESS BEFORE THE BOARD
1. CONSENT CALENDAR
b. Approval of the Minutes for the Board Meeting September 18, 2018 (Barial Knight/Auker)
8 Page Left Blank Intentionally
9 Unapproved Minutes Board Meeting of August 14, 2018
The Board Meeting, which was held on September 4, 2018 at the East Bay Regional Park District, 2950 Peralta Oaks Court, Oakland, CA 94605 was called to order at 11:10 a.m. by Board President Dennis Waespi.
ROLL CALL
Directors Present: Dennis Waespi, President Ayn Wieskamp, Vice President Dee Rosario, Secretary Ellen Corbett, Treasurer Whitney Dotson Colin Coffey Beverly Lane
Directors Absent: None.
The Open Session of the Board Meeting was called to order at 1:00 p.m. by President Waespi.
All Board members present for the Open Session.
Staff Present: Robert Doyle, Ana Alvarez, Carol Victor, Debra Auker, Bob Nisbet, Carol Johnson, Lisa Goorjian, Tiffany Margulici, Glenn Gilchrist, Steve Castile, Anthony Ciaburro, Anne Kassebaum, Brian Holt, Kelly Barrington, Jeff Rasmussen, Ruby Tumber, Mona Koh, Deborah Spaulding, Alan Love, Kip Walsh, Dave Mason, James LeBow, Lance Brede, Jim O’Connor, Mimi Waluch, Anna Fong, Neoma Lavalle, Chris Newey, Suzanne Lusk, Dave Zuckermann, Jonathan Hobbs
Guests: ESA Project Manager Scott Stroller
A. APPROVAL OF AGENDA
By motion of Director Wieskamp, and seconded by Director Dotson, the Board voted unanimously to approve the Agenda.
Directors For: Colin Coffey, Ellen Corbett, Whitney Dotson, Beverly Lane, Dee Rosario, Dennis Waespi, Ayn Wieskamp. Directors Against: None. Directors Absent: None.
B. PUBLIC COMMENTS
David Nebemfuhr requested an extended stay at the Anthony Chabot Campground. Steve Castile, Chief of Operations highlighted that there is a 15-day limit District-wide for a campground stay. Mr. Castile and Mr. Nebemfuhr continued the conversation outside of the Board room.
Jonathan Goodwin talked about the Restore McCosker Creek Project. He commented that the EIR lacks large areas of specificity, 65% overrun, and all funding hasn’t been raised yet for this project. Goodwin asked for the action to be postponed allowing them time to read the information. Director Coffey requested this item be taken off the consent calendar for discussion. 10 Unapproved Minutes Board Meeting of August 14, 2018
C. BUSINESS BEFORE THE BOARD
1. CONSENT CALENDAR
By motion of Director Corbett, and seconded by Director Lane, the Board voted unanimously to approve the Consent Calendar without Item C.
Directors For: Colin Coffey, Ellen Corbett, Whitney Dotson, Beverly Lane, Dee Rosario, Dennis Waespi, Ayn Wieskamp. Directors Against: None. Directors Absent: None. Directors Abstain: None.
a. Approval of District Check Listing for the Period of July 9, 2018 to July 29, 2018 Resolution No. 2018 – 08 – 213 (attached)
b. Approval of the Minutes for the Board Meeting of August 14, 2018
d. Authorization to Grant Storm Drain and Slope Protection Easements to the City of Berkeley: Tilden Regional Park Resolution No. 2018 – 08 – 215 (attached)
Director Rosario asked who is responsible if damage occurs below where the outlet comes out. Suzanne Lusk, Senior Land Acquisition Agent replied that the easement is the sole responsibility of the city of Berkeley and includes any damage below that mitigation area.
e. Acceptance of Second Quarter 2018 General Fund and Other Governmental Funds Financial Report Resolution No. 2018 – 08 – 216 (attached)
f. Authorization to Purchase Park Model Cabin from Atlas Performance Industries, Inc. to Replace Kayak Concession Building: Del Valle Regional Park Resolution No. 2018 – 08 – 217 (attached)
g. Authorization to File an Application for Grant Funds under the Habitat Conservation Fund, California Wildlife Protection Act of 1990: Sibley Volcanic Regional Preserve Resolution No. 2018 – 08 – 218 (attached)
Director Rosario asked how much funding is allotted for the stream restoration project. Tiffany Margulici, Grants Manager, replied that this application falls in the trails category and will be for trails that connect urban populations to nature.
h. Authorization to Enter into a Special Use Agreement with California Rowing Club: Martin Luther King Jr. Regional Shoreline Resolution No. 2018 – 08 – 219 (attached)
11 Unapproved Minutes Board Meeting of August 14, 2018
i. Authorization to Purchase a Replacement CNC Router from Laguna Tools for Custom Handcrafted Wood Signage: Public Affairs Division Resolution No. 2018 – 08 –220 (attached)
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By motion of Director Rosario, and seconded by Director Coffey, the Board voted unanimously to approve Item C.
Directors For: Colin Coffey, Ellen Corbett, Whitney Dotson, Beverly Lane, Dee Rosario, Dennis Waespi, Ayn Wieskamp. Directors Against: None. Directors Absent: None. Directors Abstain: None.
c. Authorization to Amend a Contract for Services with Environmental Science Associates for the Restore McCosker Creek Project: Robert Sibley Volcanic Regional Preserve Resolution No. 2018 – 08 – 214 (attached)
Bob Nisbet, AGM ASD, responded to public comment. Nisbet explained that this project is a feasibility study and as the project has progressed, the project’s scope has increased. Nisbet said the Park District is not experiencing cost overrun. Nisbet highlighted the summary of this project as outlined in the staff report, and stated that there were over 124 public comments. Nisbet clarified that the total project is not fully funded, as the speaker states, and staff will phase the project as appropriate over time. The first phase is creek restoration with funding already received. Julie Bondurant, Principle Planner was present to respond to Board questions.
GM Doyle said that the District does not have 100% funding which is not uncommon when completing environmental documentation and planning documents. This project is a very ambitious urban creek restoration. GM Doyle commented that there has been extensive engineering and biological review. The main source of project work will be the correction of the filling of the canyon, and staff is cautiously optimistic that funding will be received. There are grant deadlines to complete the environmental documentation which will affect project timing.
Director Corbett asked for more information on the cost overrun, why there are additional costs, and requested additional information on the incomplete funding. GM Doyle replied that some grant agencies require all environmental work to be done by a deadline, some applications must be complete before you even apply, so finishing the environmental work allows the District to be more competitive, and potentially fund more of the project. Bondurant agreed, and added that several of the grant applications require CEQA, and have strict timelines. As for the expanded scope, when ESA was initially contracted they were not to be involved in the CEQA analysis. Bondurant said that as the project progressed, it was decided that it would be prudent to do a full EIR and Environmental Science Associates (ESA) was brought on for more technical studies. ESA has been helpful in securing the grant funds that required a lot of technical information, and as the project moves into the permitting phase it will help inform the Environmental Impact Report (EIR). Staff has progressed substantially in the construction documents, much detail is required, and up to 65% is necessary to complete the permit application which added to the scope. Because ESA has become involved in the development of the EIR, they are also assisting with a response to comments. The District has received over 142 comments and several are multiple pages. All comments must be given due consideration under CEQA. Bondurant added that the scope has also expanded from 12 Unapproved Minutes Board Meeting of August 14, 2018
1,600 to 2,900 linear feet. Doyle said that the scope is greater than originally thought, and the entire project area was once an industrial quarry with a haul road. It is required that the District holds permits pertaining to the wetland, habitat, fish and wildlife. Director Rosario asked what the consequences would be if this decision is postponed until the next Board meeting. Doyle replied that the District is already pushing the envelope on two extensions of one of the grants, and October is the deadline. Bondurant added that ESA needs this amendment to help with responses to comments on the EIR.
Director Coffey asked what the remaining public process is with ultimately presenting the EIR to the Board for approval. Bondurant replied that the EIR will come to the Board as a public hearing, and the Board will receive responses to every comment that was made as part of the EIR. Corbett inquired if it will include all the documentation that was asked for within the public comments. Bondurant answered yes. Corbett asked if people can ask to review the scope of work as a public information request. District Counsel Victor said that the contract is public record, and once the amendment is executed, the prior agreement with ESA can be provided.
Public Comment: Jonathan Goodwin thanked Director Corbett for how she handled this discussion and the General Manger for getting the studies done. The engineering part is complete, but. Goodwin stated he doesn’t think the Board has been well served. Goodwin commented that none of the documents reference an environmental planner.
Eric Olaffsson, resident of Canyon, discussed the findings on consideration of a group campsite on the McCosker site from 2014. Olaffsson said the District has recreational planners doing environmental planning. He commented that half the funding has been obtained and more is needed. Olaffsson asked if additional funding isn’t received, how will the project move forward. He commented that the additional cost is extremely high, and he would like to get a copy of the contracts with ESA once available.
GM Doyle stated the District has an outstanding Stewardship department full of biologists and experts not in recreational planning, but in biology and endangered species. The District has received numerous awards for restoration of habitat throughout the district, including funding for the work. GM Doyle stated Matt Graul, Chief of Stewardship has been involved from the beginning, and the District cares deeply for the environment as it is a part of the mission statement. Regarding funding, the District doesn’t want to lose funding that they have worked so hard to get, and GM Doyle expressed confidence that the remainder of the funding will be obtained. GM Doyle commented that he respects the concerns of people to protect the environment, and the people living next to District parks. GM Doyle stated he is proud of the Stewardship department.
Director Wieskamp asked if all the creek work can’t be completed at once, could it be done in phases? Bondurant replied that the project is scheduled to be phased due to sensitive species, and the construction window is limited. Staff are already planning it as a multi-year project and will begin work downstream and work upward. Director Wieskamp asked staff if they can inform the public about this, as it would be helpful for them to know. Director Rosario stated that he is comfortable with the work District staff has done. Director Rosario commented that the Park District has successfully completed a lot of mitigation work in the past. Director Rosario stated he didn’t think the Board was being misled. Director Rosario announced that Matt Graul and Julie Bondurant have done a wonderful job and the District is on track with the EIR.
2. ACQUISITION, STEWARDSHIP & DEVELOPMENT DIVISION
a. Authorization to Accept the Dedication of Fee Interest in 96+ Acres of Real Property and a Trail Easement; Transfer and Appropriate Funds for Acquisition Related Expenses; Execute a Funding Unapproved Minutes Board Meeting of August 14, 2018
Agreement; Accept and Appropriate Funding from Ponderosa Homes II, Inc.; and Create a New Endowment Fund: Las Trampas Wilderness Regional Preserve Resolution No. 2018 – 08 – 222 (attached)
By motion of Director Lane, and seconded by Director Rosario, the Board voted unanimously to approve Item 2a.
Directors For: Colin Coffey, Ellen Corbett, Whitney Dotson, Beverly Lane, Dee Rosario, Dennis Waespi, Ayn Wieskamp. Directors Against: None. Directors Absent: None.
Brian Holt Chief of Planning & GIS introduced presenter, Neoma Lavalle, Senior Planner. Lavalle’s PowerPoint presentation oriented the Board to the location of the trails. Lavalle acknowledged working with Kim Thai, Planner, and Suzanne Lusk, Senior Land Acquisition Specialist. Lavalle explained that the PODVA property has 20 homes on 10+/- acres and will expand the eastern property of the Las Trampas Wilderness Preserve. It will provide new trail access, serve to protect surrounding habitat and open space values. It will incorporate 756 +/- acres to the existing Las Trampas Wilderness, and open access to both Chen and Peter’s Ranch which are land banked properties. Condition of approval includes offer of dedication of open space land, and public trail easement to the Park District. The property has public trail access. The Conservation Easement Holder is Wildlife Heritage Foundation. GM Doyle gave context about this property and recounted that the Peterson’s Ranch was dedicated and then sat land banked for 25 years. GM Doyle noted that the only property that the District purchased was the Chen Property, the rest has been dedicated. As far as regulatory approval, there are different kinds of endowments, easements, regulatory biological analysis, and Geologic Hazard Abatement District (GHAD).
Director Coffey asked if the term ‘wasting funds’ can be changed to another name. GM explained that wasting funds is a financial term which means that it is a permanent endowment that cannot be spent down. Director Coffey asked about the Wildlife Heritage Foundation. Lavalle explained that it is an organization that holds many different conservation easements, however it does not hold properties in fee, often as requirement for mitigation and to provide oversight. GM Doyle said that since the District is the fee title holder, we cannot merge with the easement title holder, and the District is trying to separate them. Director Corbett asked how many parking spaces are along the area, and has there been noticing to inform the neighbors about the adjacent trails. GM Doyle replied that as part of the condition of approval, the Town of Danville stipulated and it is recorded on their deed, that public parking and trail access is allowed. They are public streets, not private streets. Because of that, the District will be installing new signage to inform trail users that public parking is allowed on this street, and it will also serve as a reminder to the neighborhood. GM Doyle commented that staff have provided proper notification. Director Lane asked who is managing the GHAD. Lavalle said that the Weidermann Ranch GHAD and the Faria property will be part of that. Lane talked about the access points on the map, and gave history from 1978 on this property. Director Lane commented the District has been successful and can use Las Trampas as an example of how to get smaller accesses into the property. Director Lane commented that this trail will be gorgeous.
b. Authorization to Enter Into a Memorandum of Understanding with the United States Department of the Navy and the United States Department of the Interior: Concord Hills Regional Park Resolution No. 2018 – 08 – 223 (attached)
By motion of Director Lane, and seconded by Director Coffey, the Board voted unanimously to approve Item 2b.
Directors For: Colin Coffey, Ellen Corbett, Whitney Dotson, Beverly Lane, Dennis Waespi, Unapproved Minutes Board Meeting of August 14, 2018
Ayn Wieskamp. Directors Against: None. Directors Absent: None.
Brian Holt, Chief of Planning/GIS, gave a detailed background and history of the Concord Naval Weapons Station (CNWS) which was established in 1942. The LUP was initiated in 2015. An LUP is a conservation easement and provides public access. Holt explained that staff will be managing the projects with National Environmental Policy Act (NEPA), Endangered Species Act Section 7, National Historical Preservation Act Section 106 and the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). The District will enter into a lease with the Navy until the Navy can get the property to a level that is clean and suitable for transfer. The District will manage the vegetation for the Navy, but will not be responsible for clean- up. National Historic Preservation Act Section 106 found no historic properties identified, one archaeologic site was identified and is designated as a Resource Protection Area with no public access.
Director Rosario asked if grazing will be allowed. Holt replied yes because of the requirement for fire protection, but there is also species protection. The Navy will assign the property to the District at the end of Fall/Winter 2018 and Spring 2019. Director Corbett said this is a wonderful park with an opportunity for the community to draw history to the site. She asked about the native plant nursery. Holt said there is a historic orchard on the property. GM Doyle stated the Navy took out most of the trees near the creek for security site differences. Doyle commented on the need for trees and a tree nursery along with the native plant nursery. Director Lane said she is pleased with this and there are a lot of things to be discussed, and the Board has just received a preview. Director Lane commented on the complexity of this property. She thanked and acknowledged the work of Kristina Kelchner and Brian Holt. Director Lane asked about the public benefit conveyance. Holt explained the District sees open space and conservation as park and recreation values. GM Doyle acknowledged our legislative advocacy. GM Doyle said that the District gave Concord $20 million of mitigation credit. GM Doyle talked about a lawsuit filed against the city and the District needs to know if it affects us. Director Wieskamp congratulated everyone on this project which is good for the citizens and for the District. President Waespi had questions on the order of steps of when government gives land. Holt explained the steps. GM Doyle explained the history of this land and how he and former GM Pat O’Brien advocated for a national park benefit conveyance.
3. BOARD AND STAFF REPORTS
a. Actions Taken by Other Jurisdictions Affecting the Park District
GM Doyle discussed the one item in this report.
4. GENERAL MANAGER’S COMMENTS
GM Doyle introduced the staff presentation. Brian Holt, Chief of Planning/GIS gave his PowerPoint entitled, The Strategic Actions by Governmental Entities (SAGE). SAGE works with Project Developers and State, Local, and Regional Agencies to Ensure Land Use Decisions don’t impact District Lands, minimizes impacts to East Bay Resources, and advances the Master Plan were possible. SAGE monitors and review agendas, blog posts. etc. in the 2 counties and cities and generates a weekly SAGE summary to District staff. Holt discussed the collaborative working relationship between the Board and the cities. Director Corbett asked if there was any discussion on the Brooklyn Basin projects. GM Doyle responded.
Director Wieskamp said this is important to monitor what other agencies are doing and how it affects the District. Director Lane asked how much staff time it takes and the guidelines SAGE provides, and do you contact the Board. Holt says as with anything, when you do it the first time it takes a lot of effort, but the longer you do it the easier it is to make a decision about what is pertinent information. Holt said he will reach 15 Unapproved Minutes Board Meeting of August 14, 2018
out and alert Board members. GM Doyle said that as far as staff time it is the relationship with the stakeholders, field staff, the Board, there is also impact on staff time by attending night meetings. President Waespi had questions about the agricultural board.
District Counsel Victor updated the Board. District Counsel Victor commented that there is a microbrewery ordinance to allow a small microbrewery in an agricultural zone. The District submitted a letter asking that it be subject to a conditional use. The County took a number of comments, and it has been revised that it has to be 20 ft of roadway. District us sending a comment letter to make sure it is 20 ft. of roadway and not including bike lanes and shoulders and subject to a conditional use permit. The Board will receive copies of the letter. Waespi brought up Llama Lane in Hayward. District Counsel Victor said staff will look into this.
GM Doyle commented on the water drops and fires that District staff have responded to at the request of Director Lane. There have been 100 water drops in 13 incidents, and 24 fires have been responded to.
Director Lane talked about the article on fuel abatement and wondered if the District should do something to reflect how much activity there has been. Carol Johnson, AGM Public Affairs said she already has a meeting with a beat reporter this week. Director Waespi asked how many fires have been District fires? GM Doyle said not that many, however staff work with CalFire. Director Waespi asked if the state reimburses the District. GM Doyle replied for state requested, but not local fires, District staff respond on our own.
5. ANNOUNCEMENTS FROM CLOSED SESSION
District Counsel Victor announced that by a vote of 7-0, the Board denied the City of Oakland claim.
6. BOARD COMMITTEE REPORTS
a. Executive Committee (8-02-18) (Waespi) b. Operations Committee (7-19-18) (Wieskamp) c. Operations Committee (6-21-18) (Wieskamp) d. Natural and Cultural Resources (6-20-18) (Lane) Committee
7. PUBLIC COMMENTS
8. BOARD COMMENTS
Director Waespi reported on meetings attended. Director Waespi • Attended a ‘walkers’ picnic at Lake Chabot; • Attended the Fremont Liaison Committee meeting; • Attended the Ardenwood Rail Fair
Waespi commented on putting the video on the website, met with John Sullivan Regarding Lake Chabot on the 10 Hills Trail, visited Garin and Lake Chabot, parks.
Director Wieskamp reported on meetings attended. Director Wieskamp • Attended the Chamber of Commerce meeting in Livermore on agribusiness; • Met with Erich Pfuehler and Lisa Baldinger to discuss her priorities in Ward 5; • Attended Taylor Family Foundation’s Day in the Park; • Attended Fremont Liaison meeting; • Visited Castleridge parking. 16 Unapproved Minutes Board Meeting of August 14, 2018
Wieskamp visited Tesla, Niles Canyon, trails in Doolan Canyon, she hopes staff can work with people who have been putting on the Habitat for Home poster contest; asked that we add a waste can near the front of Castleridge.
Director Rosario reported on meetings attended. Director Rosario • Visited an Oak Knoll site with a constituent; • Attended Finance Committee meeting; • Attended Supervisor Larry Reid’s District 7 breakfast; • Attended a ribbon cutting for Oakland’s Fairylands entrance – WW funds; • Attended a meeting to look at the trail on School Street in Moraga; • Bay Area ridge trail walks – Redwood and Anthony Chabot Rosario had planted some trees with Helen Foster when she was 80 years old. Her caregivers reached out to him because she is in the onset of Alzheimer’s and they asked if she could come and see her trees one more time. Rosario worked with Redwood staff and arranged the visit. It was very touching and thanks to the Redwood crew.
Director Corbett reported on meetings attended. Director Corbett • Attended swearing in of District Attorney of Nancy O’Malley; • Met with Chris Newey and AFSCME; • Attended Finance Committee meeting; • Attended a meeting of the master gardener meeting who are working on the Garin Apple Festival; • Attended a ribbon cutting for Oakland’s Fairylands entrance – WW funds; • Attended the Crab Cove Fish Extravaganza;
Director Lane reported on meetings attended. Director Lane • Attended Tri Valley Mayors Summit • Attended Concord city council; • Attended the CC County Elected Women’s lunch in Concord; • Hike and ride at Tilden; • Attended the Real Estate Marketing Assoc. for San Ramon Valley with Carol Johnson; • Attended Taylor Family Foundation’s Day in the Park; • Visited Camp Arroyo; Director Lane worked at the museum. O’Connor showed her the new native peoples map. She would like information on the dedication of the Radke Martinez sign. Director Lane commented on the access at La Morinda.
Director Dotson reported on meetings attended. Director Dotson • Attending Board Field trip this Friday; • Attending Miller Knox LUP public meeting. Director Dotson said he will rekindle contacts with the City of Richmond and TRAC.
Director Coffey reported on meetings attended. Director Coffey • Toured Hazel Atlas Mines with the Mayor of Antioch and sister city members from Japan • Attended an event honoring Mayor of Martinez; • Attended the Annual John Muir Land Trust Star Gazing party; 17 Unapproved Minutes Board Meeting of August 14, 2018
• Attended a Contra Loma evening walk; • Attended the Finance Committee meeting; • Attended a hike led by Sierra Club.
9. PUBLIC COMMENTS None.
D. ADJOURNMENT
President Waespi adjourned the meeting at 4:07 pm.
Director Lane acknowledged the passing of her friend and former coworker Randy Parent. Parent was a retired Helicopter pilot, worked for the District from 1973-2003 and he was a proud Vietnam vet.
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19 AGENDA REGULAR MEETING BOARD OF DIRECTORS
EAST BAY REGIONAL PARK DISTRICT
Tuesday, September 18, 2018
C. BUSINESS BEFORE THE BOARD
1. CONSENT CALENDAR
c. Authorization to Execute a Professional Services Contract with Weldon Exhibits for the Install Exhibit at Visitor Center Project: Black Diamond Mines Regional Preserve (Goorjian/Nisbet)
RECOMMENDATION
The General Manager recommends that the Board of Directors authorize a professional services contract with Weldon Exhibits of Novato, California, in the amount of $417,120 for visitor center exhibit fabrication and installation services at Black Diamond Mines Regional Preserve.
REVENUE/COST
The costs associated with the proposed professional services contract with Weldon Exhibits are $417,120. Sufficient funds are available to execute this contract and complete the project as indicated below. The total cost estimate for the Install Exhibit at Visitor Center Project is $1,142,200.
SOURCE OF FUNDS Install Exhibit at Visitor Center Project (#133300) $ 1,142,200 Encumbrances and Expenditures to Date (198,526) AVAILABLE BALANCE $ 943,674
USE OF FUNDS Consulting services contract with Weldon Exhibits $ 417,120 Other project costs, including mine work in preparation of the exhibit, inspection, and construction administration 526,554 BALANCE REMAINING $ 0
BACKGROUND
Improvements to the Black Diamond Mines Regional Preserve underground trails and mining museum was identified in the Measure WW project list approved by voters in 2008. In early 2016, the Park District’s Exhibit Design Team developed a concept for an immersive late 1800s
20 mining exhibit and visitor experience for the Black Diamond Mine tour. The exhibit will include an artificial coal mine rock wall, coal mining mannequins, a coal cart and track, and replica tools. In the fall of 2017, the Park District solicited proposals from three exhibit design firms to create a "design intent” package. Based on those submittals, the Exhibit Design Team selected Weldon Exhibits to prepare the “design intent” package. The Park District received the package on January 31, 2018.
Weldon Exhibits is well positioned to fabricate and install this project, as they have been developing unique educational experiences nationally and internationally across a number of topics for decades, including art museums, science museums, zoos, aquariums, history museums, and visitor centers for state and national parks.
The consultant’s proposed scope of work includes historical object replication, scenic environment fabrication, accurate artificial rockwork, realistic and durable mannequin fabrication, soundscape media development, and lighting design and implementation, and installation of the exhibit.
In advance of exhibit installation, a separate contract with Condor Earth Technologies was approved by the Board on July 24, 2018 (Resolution 2018-07-194) to complete design drawings related to public safety and other construction improvements required prior to the installation of the exhibit. These improvements include excavation of the mine tunnel, reinforcement of the tunnel walls, rockfall protection, a cast-in-place concrete box for exhibit display, anchors for exhibit panels, on-grade floor slab, an entrance door, mechanical ventilation, and electrical connections. Once the design work has been completed, a construction contract for the mine work will be brought to the Board for approval. After construction is complete, Weldon Exhibits can install the mine exhibit.
CALIFORNIA ENVIRONMENTAL QUALITY ACT
The Park District previously reviewed the project and determined it to be categorically exempt from the California Environmental Quality Act under Section 15301 Existing Facilities, as the project will only include minor alterations to existing public facilities resulting from installation of new exhibits and interpretive displays. No expansion of its existing use will result from this project. A Notice of Exemption was filed on February 17, 2017, in Contra Costa County.
ALTERNATIVES
No alternatives are recommended.
21 EAST BAY REGIONAL PARK DISTRICT
RESOLUTION NO.: 2018 – 09 -
September 18, 2018
AUTHORIZATION TO EXECUTE A PROFESSIONAL SERVICES CONTRACT WITH WELDON EXHIBITS FOR THE INSTALL EXHIBIT AT VISITOR CENTER PROJECT: BLACK DIAMOND MINES REGIONAL PRESERVE
WHEREAS, improvements to the East Bay Regional Park District’s (Park District) Black Diamond Mines Regional Preserve underground trails and mining museum was identified in the Measure WW project list approved by voters in 2008; and
WHEREAS, the Park District desires to install a coal mine exhibit at the visitor center at Black Diamond Mines Regional Preserve; and
WHEREAS, pursuant to the California Environmental Quality Act (CEQA), a Notice of Exemption for the project was filed on February 17, 2017, in Contra Costa County, under CEQA Guidelines Section 15301-Existing Facilities, as the project includes minor alterations to existing public facilities resulting from installation of new exhibits and interpretive displays, and no expansion of its existing use will result from this project; and
WHEREAS, the Park District’s Exhibit Design Team developed a mine exhibit concept and selected Weldon Exhibits of Novato, California, from three qualified bids to prepare the “design intent” package; and
WHEREAS, Weldon Exhibits of Novato, California, has completed the “design intent” package and is well positioned to fabricate and install this project; and
WHEREAS, a consulting services contract for the project has been successfully negotiated by staff with Weldon Exhibits, with a fee of $417,120;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the East Bay Regional Park District hereby authorizes a contract for professional services with Weldon Exhibits of Novato, California, for fabrication and installation of a coal mine exhibit to be funded out of the Install Exhibit at Visitor Center Project (#133300) in the amount of $417,120; and
BE IT FURTHER RESOLVED that the General Manager is hereby authorized and directed, on behalf of the Park District and in its name, to execute and deliver such documents and to do such acts as may be deemed necessary or appropriate to accomplish the intentions of this resolution.
Moved by Director , seconded by Director , and adopted this 18th day of September, 2018, by the following vote:
FOR: AGAINST: ABSTAIN: ABSENT:
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23 Install Exhibit at Visitor Center Black Diamond Mines Regional Preserve
Black Diamond Mines Regional Preserve
Sydney Flat Visitor Center and Park Office Contra Loma Regional Park
Somersville Staging Area
LOCATION MAP Install Exhibit at Visitor Center
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25 AGENDA REGULAR MEETING BOARD OF DIRECTORS
EAST BAY REGIONAL PARK DISTRICT
Tuesday, September 18, 2018
C. BUSINESS BEFORE THE BOARD
1. CONSENT CALENDAR
d. Authorization to Appropriate Measure WW Funds for the Dredge Ponds and Repair Levees Project: Hayward Regional Shoreline (Goorjian/Nisbet)
RECOMMENDATION
The General Manager recommends that the Board of Directors authorize the appropriation of $325,000 for immediate levee repairs into the Dredge Ponds and Repair Levees Project (#147900) from available Measure WW Development funds allocated for the Hayward Shoreline.
REVENUE/COST
This action will appropriate $325,000 in Measure WW Development funds from the Hayward Shoreline allocation area to the Dredge Ponds and Repair Levees Project.
SOURCE OF FUNDS Dredge Ponds and Repair Levees Project (#147900) $ 142,073 Encumbrances and Expenditures to Date (145,668) To be Appropriated from Measure WW Development Funds – Hayward Shoreline Allocation Area (WP33) 325,000 ($2,550,000 currently unappropriated in WP33) TOTAL FUNDS AVAILABLE $ 321,405 USE OF FUNDS Levee repair construction $ 275,000 Inspection, project administration, other project costs 46,405 TOTAL USE OF FUNDS $ 321,405
BACKGROUND
The Dredge Ponds and Repair Levees Project was approved on December 19, 2017 (Resolution No. 2017-12-366) by the Park District Board of Directors as part of the annual project budget approval process. The network of levees at Hayward Regional Shoreline protect marsh habitat and provide shoreline access, including sections of the San Francisco Bay Trail. The levees
26 require regular maintenance to protect them from erosion caused by constant wave action. It is urgent that some of the levees be repaired this fall before the next storm season, as further erosion may prevent vehicle access essential for managing the marsh areas and maintaining the levee system.
This project only addresses immediate concerns to maintain access and prevent complete levee failure at specific locations. Future work will be needed to address other erosion areas, enhance marsh habitats and to elevate levees in anticipation of sea level rise. The scope of this extensive work has not yet been defined and will be brought to the Board at a future date.
The current proposed levee repair work will be performed by Park District staff when available, or through the Job Order Contracting program when staff are unavailable.
CALIFORNIA ENVIRONMENTAL QUALITY ACT
The Park District reviewed the project and determined it to be exempt from the California Environmental Quality Act (CEQA) under CEQA Guidelines Section 15301–Existing Facilities.
ALTERNATIVES
No alternatives are recommended.
27 EAST BAY REGIONAL PARK DISTRICT
RESOLUTION NO.: 2018 – 09 -
September 18, 2018
AUTHORIZATION TO APPROPRIATE MEASURE WW FUNDS FOR THE DREDGE PONDS AND REPAIR LEVEES PROJECT: HAYWARD REGIONAL SHORELINE
WHEREAS, the East Bay Regional Park District (Park District) owns levees at the Hayward Regional Shoreline; and
WHEREAS, the levees protect marsh habitat and provide shoreline access; and
WHEREAS, the levees require regular maintenance to protect them from erosion caused by constant wave action; and
WHEREAS, it is urgent that some of the levees be repaired before further erosion this storm season prevents vehicle access essential for managing the marsh and levee system; and
WHEREAS, Measure WW Development Funds from the Hayward Shoreline Allocation Area are available for appropriation to the Dredge Ponds and Repair Levees Project (#147900) for this purpose; and
WHEREAS, pursuant to the California Environmental Quality Act (CEQA), the Park District reviewed the project and determined it to be exempt under CEQA Guidelines Section 15301–Existing Facilities;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the Park District authorizes the appropriation of $325,000 into the Dredge Ponds and Repair Levees Project (#147900) from Measure WW Development Funds – Hayward Shoreline Allocation Area (WP33) as noted in the Budget Change Form attached hereto; and
BE IT FURTHER RESOLVED that the General Manager is hereby authorized and directed, on behalf of the Park District and in its name, to execute and deliver such documents and such acts as may be deemed necessary or appropriate to accomplish the intentions of this resolution.
Moved by Director , seconded by Director , and adopted this 18th day of September, 2018 by the following vote:
FOR:
AGAINST: ABSTAIN: ABSENT:
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29 HAYWARD MARSH LEVEES Hayward Regional Shoreline East Bay Alameda County, CA Feet Regional Park District [ 0 500 1,000
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Hayward Regional Shoreline }92 O:\GIS\CMcKaskey\Projects_2018\ASD\DesignConstruction\HS_HaywardMarshLevee\HS_levee.mxd 8/20/2018 Date: 30 Page Left Blank Intentionally
31 EAST BAY REGIONAL PARK DISTRICT BUDGET CHANGE FORM
NEW APPROPRIATIONS BUDGET TRANSFERS Appropriate from General Fund Between Funds X From New Revenues Between Projects
DECREASE BUDGET ACCOUNT AMOUNT INCREASE BUDGET ACCOUNT AMOUNT Account Name: Expense: Capital- Design & Construction-Hayward Shoreline-Dredge Ponds and Repair Levees-Measure WW Hayward Shoreline- Environmental
Account: 333-7120-468-7020 / 147900 WP33-001 $10,000 Account Name: Expense: Capital- Design & Construction-Hayward Shoreline-Dredge Ponds and Repair Levees-Measure WW Hayward Shoreline- Consultants
Account: 333-7120-468-7020 / 147900 WP33-004 $10,000 Account Name: Expense: Capital- Design & Construction-Hayward Shoreline-Dredge Ponds and Repair Levees-Measure WW Hayward Shoreline- Construction Contract Admin
Account: 333-7120-468-7020 / 147900 WP33-008 $30,000 Account Name: Expense: Capital- Design & Construction-Hayward Shoreline-Dredge Ponds and Repair Levees-Measure WW Hayward Shoreline- Construction Contract
Account: 333-7120-468-7020 / 147900 WP33-009 $275,000
REASON FOR BUDGET CHANGE ENTRY: As being presented at the Board of Directors meeting on Sept.18, 2018 the General Manager recommends that the Board of Directors authorize the transfer and appropriation of $325,000 Measure WW Bond funds from the Hayward Shoreline development allocation area as indicated above for the project to dredge ponds and repair levees at the shoreline.
As approved at the Board of Directors Meeting on: Date: 9/18/2018 Board of Directors Resolution Number: 2018-09 Posted By: Date: Signature
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33 AGENDA REGULAR MEETING BOARD OF DIRECTORS
EAST BAY REGIONAL PARK DISTRICT
Tuesday, September 18, 2018
C. BUSINESS BEFORE THE BOARD
1. CONSENT CALENDAR
e. Approval of Out-of-State Travel for Board Member Dennis Waespi and General Manager Robert E. Doyle to Attend the 2018 National Recreation and Park Association Conference in Indianapolis, Indiana on September 25-27, 2018 (Barial Knight/Auker)
RECOMMENDATION
It is recommended that the Board of Directors approve out-of-state travel for Board Member Dennis Waespi, and General Manager Robert E. Doyle to attend the 2018 National Recreation and Park Association (NRPA) Conference in Indianapolis, Indiana on September 25-27, 2018.
REVENUE/COST
Funding is available in existing departmental budgets.
BACKGROUND
The 2018 NRPA Conference is scheduled for September 25-27, 2018 in Indianapolis, Indiana. It is the premier annual event of the park and recreational community that brings together more than 7,000 park and recreation professionals and citizen advocates. East Bay Regional Park District representatives will be attending various on-site institutes, tours and informational sessions.
ALTERNATIVE
No alternatives are recommended.
34 EAST BAY REGIONAL PARK DISTRICT
RESOLUTION NO.: 2018 - 09 -
September 18, 2018
APPROVAL OF OUT-OF-STATE TRAVEL FOR BOARD MEMBER DENNIS WAESPI AND GENERAL MANAGER ROBERT E. DOYLE TO ATTEND THE 2018 NATIONAL RECREATION AND PARK ASSOCIATION ANNUAL CONFERENCE IN INDIANAPOLIS, INDIANA ON SEPTEMBER 25-27, 2018
WHEREAS, the National Recreation and Park Association (NRPA) Conference is scheduled for September 25-27, 2018 in Indianapolis, Indiana; and
WHEREAS, information obtained at this conference directly relates to and will benefit current and future East Bay Regional Park District projects;
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the East Bay Regional Park District hereby authorize Board Member Dennis Waespi and General Manager Robert Doyle to attend the 2018 NRPA Conference, September 25-27, 2018 in Indianapolis, Indiana; and
BE IT FURTHER RESOLVED that the General Manager is hereby authorized and directed, on behalf of the District and in its name, to execute and deliver such documents and to do such acts as may be deemed necessary to accomplish the intentions of this resolution.
Moved by Director , seconded by Director , and adopted this 18th day of September, 2018 by the following vote:
FOR:
AGAINST: ABSTAIN: ABSENT:
35 AGENDA REGULAR MEETING BOARD OF DIRECTORS
EAST BAY REGIONAL PARK DISTRICT
Tuesday, September 18, 2018
C. BUSINESS BEFORE THE BOARD
1. CONSENT CALENDAR
f. Authorization to Adjust and Appropriate Measure WW Funds and Award a Contract to CLE/Foth Engineering Inc. for Bay Water Trail Access Improvements: Point Pinole Regional Shoreline (Rasmussen/Auker)
RECOMMENDATION
The General Manager recommends that the Board of Directors adjust and appropriate Bay Water Trail Measure WW funds, and award a contract to CLE/Foth Engineering Inc. for engineering and permitting services to develop the bay water trail at Point Pinole Regional Shoreline.
REVENUE/COST
This action will adjust $500,000 in Measure WW Bay Water Trail Acquisition funds (WP07) to Development, appropriate these Measure WW funds, and award $142,000 contract to CLE/Foth Engineering for community outreach, survey, permits, engineering documents and engineering support during construction for water access and shoreline improvement project.
SOURCE OF FUNDS Adjusting Bay Water Trail Acquisition Funds to Development Appropriation to Improve Water Trail Access (527500) $500,000
BALANCE AVAILABLE $500,000
USE OF FUNDS Award to CLE/Foth Engineering for Permitting and Design $142,000 BALANCE REMAINING (for Construction) $358,000
The original Measure WW allocation for the SF Bay Water Trail was $5,890,000. $2,548,057 has been appropriated or planned for use on other SF Bay Water Trail projects. The development allocation has been exhausted. This action will adjust $500,000 from the $ $1,173,057 in available acquisition funds to development for this project.
36 BACKGROUND
Development of the San Francisco Bay Water Trail is a key initiative for the East Bay Regional Park District (Park District). In January 2016, the Board of Directors directed staff to complete an assessment of the Park District’s Bay Water Trail sites. In October 2016, the report was complete. The report evaluated 24 potential sites and recommended 20 Bay Water Trail sites throughout the Park District for development. On February 1, 2018, staff presented an update to the Executive Committee of the Board of Directors. At the meeting, Committee members expressed interest in developing the Bay Water Trail site at Point Pinole and making it more accessible to the public.
A formal Request for Proposal (RFP) for consultant services was issued on February 13, 2018 on the Park District bid website. The RFP requested services from environmental and/or engineer firms to provide environmental design, planning, and engineering services for the Point Pinole Water Trail Access Project. The Park District was looking for firms with expertise and experience in environmental design, coastal engineering, planning and permitting for construction of an Americans with Disabilities Act (ADA) access ramp to the water, wash down site, path of travel, and a kayak storage area for existing overnight camp (Exhibit 1).
Proposals were received on February 21, 2018, with responses from three firms CLE/Foth Engineering Inc., Groundworks Office Inc., and Vallier Design Associates, Inc. CLE/Foth Engineering Inc. is recommended as the best and lowest cost firm.
CLE/Foth Inc. $142,000 Groundworks Office Inc. $144,000 Vallier Design Associates, Inc. $192,000
ALTERNATIVES
No alternatives are recommended.
37 EXHIBIT #1
Point Pinole Regional Shoreline Bay Water Trail Access and Shoreline Improvement
ADA Ramp & Storage Area
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39 EAST BAY REGIONAL PARK DISTRICT
RESOLUTION NO.: 2018 - 09 -
September 18, 2018
AUTHORIZATION TO ADJUST AND APPROPRIATE WW FUNDS AND TO AWARD CONTRACT TO CLE/FOTH ENGINEERING INC. FOR BAY WATER TRAIL ACCESS IMPROVEMENTS: POINT PINOLE REGIONAL SHORELINE
WHEREAS, development of the San Francisco Bay Water Trail is a key initiative for the East Bay Regional Park District (Park District) and on February 1, 2018, the Executive Committee of the Board of Directors expressed interest in developing the Bay Water Trail site at Point Pinole and making it more accessible to the public; and
WHEREAS, a formal Request for Proposal (RFP) for consultant services was issued on February 13, 2018 on the Park District bid website for engineering and permitting services for an Americans with Disabilities Act (ADA) access ramp to the water, wash down site, path of travel, and a kayak storage area for existing overnight camp at Point Pinole; and
WHEREAS, proposals were received on February 21, 2018, with responses from three firms CLE/Foth Engineering, Inc., Groundworks Office, Inc., and Vallier Design Associates, Inc. with CLE/Foth Engineering Inc. recommended as the best and lowest cost firm; and
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the East Bay Regional Park District authorizes the adjustment of Measure WW funds for the SF Bay Water Trail (WP07) from acquisition to development and appropriates $500,000 to the Improve Water Trail Access project (#527500), per the Budget Change Form attached hereto; and
BE IT FURTHER RESOLVED, that the Board of Directors of the East Bay Regional Park District hereby awards a $142,000 contract to CLE/Foth Engineering Inc. for engineering and permitting services related to the Improve Water Trail Access project; and
BE IT FURTHER RESOLVED, that the General Manager is hereby authorized and directed, on behalf of the Park District and in its name, to execute and deliver such documents and such acts as may be deemed necessary or appropriate to accomplish the intentions of this resolution.
Moved by Director , seconded by Director , and approved this 18th day of September, 2018, by the following vote:
FOR:
AGAINST: ABSTAIN: ABSENT:
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41 EAST BAY REGIONAL PARK DISTRICT BUDGET CHANGE FORM
NEW APPROPRIATIONS BUDGET TRANSFERS X From New Appropriation Between Funds DECREASE BUDGET ACCOUNT AMOUNT INCREASE BUDGET ACCOUNT AMOUNT Account Name: Expense: OTA Fund- Grants-Pt Isabel-Services/Improve Access and Protection - Measure WW Bay Water Trail Reallocated Acquisition Allocation Area-Consultants
Account: 336-4130-496-6191 / 527500 WP07-009 $ 143,000 Account Name: Expense: OTA Fund- Grants-Pt Isabel-Services/Improve Access and Protection - Measure WW Bay Water Trail Reallocated Acquisition Allocation Area-Construction Contract
Account: 336-4130-496-6191 / 527500 WP07-009 $ 357,000 REASON FOR BUDGET CHANGE ENTRY As being presented at the Board of Directors meeting on September 18, 2018 the General Manager recommends that the Board of Directors authorize the appropriation of $500,000 from the Bay Water Trail principal funds for a new project at Pt Pinole hat will improve water access and protection of the shoreline. The acquisition allocation area funds are proposed to be moved to the development allocation area of the Bay Water Trail (WP07), with the same Board action. As approved at the Board of Directors Meeting on date: 9/18/2018 Board of Directors Resolution Number: 2018-09- Posted By: Posted date: Signature:
T:\BOARDCLK\BOARD MATERIAL\2018\16- September 18, 2018\S DRIVE\C-1-f ASD 527500 Improve Water Trail Access Pt Pinole-revised
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43 AGENDA REGULAR MEETING BOARD OF DIRECTORS
EAST BAY REGIONAL PARK DISTRICT
Tuesday, September 18, 2018
C. BUSINESS BEFORE THE BOARD
1. CONSENT CALENDAR
g. Acceptance of the East Bay Regional Park District Investment Report for the Quarter Ended June 30, 2018 (Spaulding/Auker)
RECOMMENDATION
The General Manager and the Board Finance Committee (by unanimous vote) recommend that the Board of Directors accept the East Bay Regional Park District (Park District) Investment Report for the quarter ended June 30, 2018.
REVENUE/COST
There is no revenue/cost impact associated with the acceptance of the report.
BACKGROUND
In accordance with Board Operating Guidelines and the Park District’s Investment Policy, the attached report has been prepared on the Park District’s cash and investments. The total market value of the Park District’s pooled cash and investments as of June 30, 2018 was $253,390,649. The market value of the Park District’s pension trust fund, project bond funds and debt service funds held by trustees were an additional $124,931,881. Attachment A provides additional detail regarding these funds.
Liquidity Portfolio The Park District’s “liquid portfolio” (funds readily usable, convertible to cash with minimal impact to price) was $136.9 million as of June 30, 2018. This amount is slightly higher than the end of the last quarter, $130.2 million, and this increase is primarily related to receipt of property taxes. In the second quarter of 2018, the Park District completed its banking transition from Wells Fargo Bank to Bank of the West. For this reason, the balance in the Wells Fargo Sweep account for the second quarter is zero.
Short & Mid-Term Securities As of June 30th, the total value of the Park District’s short-term and mid-term securities was $18.8 million higher than at March 31, 2018. Attachment B, the PFM Investment Performance Report, provides an overview of the Park District’s strategy for the short-term and mid-term
44 investment portfolio. Investments in US Treasuries increased by almost $9 million when compared to the first quarter. Another notable difference from the first quarter is the increase in Asset Backed Securities investments, which were added as approved investments in 2018. When compared to the prior year, a change in the Park District’s overall investment positioning can also be observed: the Park District has increased its investment in short-term and mid-term securities – from $76.3 million in 2017 to $116.5 million in 2018. This strategy was implemented to safely increase investment returns in the Park District’s portfolio.
Bond Funds At the end of the second quarter, funds for projects totaled $107.3 million, or $3.6 million less than funds held as of March 30, 2018, primarily related to spending of the 2017 Measure WW bond funds. Debt service funds held by trustees were essentially unchanged from March 31, 2018. The next debt service payments for Measure AA and WW bonds are due September 1, 2018.
The following is a description of the information provided in the report Attachments:
• Attachment B, page 13 provides information on the managed portfolio maturity and credit quality. The Park District’s cash management program provides sufficient liquidity to meet expenditure requirements for the next six months.
• Attachment B, page 14 shows that the Park District’s invested funds at the end of the second quarter were in compliance with the Board approved 2018 Investment Policy.
• Attachment B, beginning on page 34 provides detailed information on all securities held and managed by PFM.
• Attachment C shows all Park District cash and investments by type (including funds not managed by PFM).
The Park District’s invested funds as of June 30, 2018 are in compliance with the Board approved 2018 Investment Policy. The Park District’s cash management program provides sufficient liquidity to meet expenditure requirements for the next six months.
ALTERNATIVES
None are recommended.
ATTACHMENTS
June 30, 2018 Investment Report, Attachments A, B & C.
45 EAST BAY REGIONAL PARK DISTRICT
RESOLUTION NO. 2018 – 09 -_
September 18, 2018
ACCEPTANCE OF EAST BAY REGIONAL PARK DISTRICT INVESTMENT REPORT FOR THE QUARTER ENDED JUNE 30, 2018
WHEREAS, the Board of Directors has adopted the 2018 Investment Policy to provide guidance and direction for the prudent investment of East Bay Regional Park District (Park District) funds, and to foster the creation of a systematic and controlled investment process; and
WHEREAS, the Investment Policy calls for the Park District to invest Park District funds in a prudent manner, providing the highest yield with the maximum security of principal invested, while also meeting the daily cash flow requirements of the Park District; and
WHEREAS, the Investment Policy and Board Operating Guidelines require the Chief Financial Officer to prepare a quarterly report on investment activity for review by the Board Finance Committee and acceptance by the Board of Directors; and
WHEREAS, the Board Finance Committee reviewed this item at their meeting on August 22, 2018, and recommended favorable consideration of this item by the Board of Directors,
NOW, THEREFORE BE IT RESOLVED, that the Board of Directors of the East Bay Regional Park District hereby accepts the East Bay Regional Park District Investment Report for the quarter ended June 30, 2018; and
BE IT FURTHER RESOLVED, that the General Manager and Chief Financial Officer are hereby authorized and directed, on behalf of the Park District and in its name, to execute and deliver such documents and to do such acts as may be deemed necessary or appropriate to accomplish the intentions of this resolution.
Moved by Director , seconded by Director and approved on this 18th day of September 2018, by the following vote:
FOR:
AGAINST: ABSENT: ABSTAIN:
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47 Attachment A EAST BAY REGIONAL PARK DISTRICT INVESTMENT BALANCES
For Period Ending June 30, 2018
District Cash and Investment Balances current quarter prior quarter prior year Market Value Amortized Cost Basis Market Value Market Value June 30, 2018 June 30, 2018 March 31, 2018 June 30, 2017 Pooled Investments Held by District Liquidity Portfolio Demand Deposit Accounts (948,130) $ (948,130) (1,279,562) $ 1,813,867 Wells Fargo Sweep - - 4,311,537 13,418,545 Bank of the West Sweep 8,432,306 8,432,306 22,813,991 - LAIF (Local Agency Investment Fund) 63,761,834 63,881,493 47,547,995 57,120,437 CAMP (California Asset Management Program) 65,635,880 65,635,880 48,311,623 99,592,479 First American Government Fund US Bank 30,723 30,723 8,450,606 78,226 Sub-total 136,912,615 137,032,273 130,156,190 172,023,553 Short- and Mid-term Securities US Treasuries 40,724,671 41,128,030 31,973,428 21,978,932 Federal Agencies/Instrumentalities 17,179,011 17,456,802 19,075,285 23,117,154 State/Local Agencies 1,619,311 1,630,353 373,403 2,973,783 Supra-National Agency Bonds/Notes 5,278,042 5,346,286 4,077,096 1,177,905 Asset Backed Securities 7,241,639 7,242,673 823,646 - Corporate Bonds / Notes 28,125,862 28,507,751 26,436,999 16,753,190 Certificate of Deposit/ Participation 16,309,499 16,369,244 14,965,966 10,316,291 Sub-total 116,478,035 117,681,139 97,725,824 76,317,255 Total Cash/Investments Held by District 253,390,649 254,713,412 227,882,014 248,340,808
Irrevocable Pension Trust Fund Cash, Equities & Fixed Income 4,485,742 4,534,089 3,478,125 -
Project Bond Funds Short-term Investments Measure AA Project Funds 13,308,901 13,308,901 13,366,591 14,272,649 Promissory Note Project Funds 731,159 731,159 646,434 1,066,055 Measure WW 2013 Project Fund - - 21 4,282,096 Measure WW 2017 Project Fund 2,668,090 2,668,090 6,068,686 - Mid-term Securities Promissory Note Project Funds 21,133,847 21,161,553 21,249,646 20,774,701 Measure WW 2017 Project Funds 69,442,765 65,229,845 69,632,279 - Total Project Bond Funds 107,284,762 103,099,547 110,963,658 40,395,501
Debt Service Funds Measure AA Debt Service Fund 536,288 536,288 533,694 3,038,266 Promissory Note Debt Service 497 497 140 - Measure WW Debt Service Fund 12,624,591 12,624,591 12,564,160 10,443,758 Total Debt Service Funds 13,161,377 13,161,377 13,097,993 13,482,023
Total District funds held in trust 124,931,881 120,795,013 127,539,776 53,877,524
Grand Total District Cash/Investments 378,322,530 375,508,425 355,421,790 302,218,332
Investment Earnings (accrual basis): quarter ended year-to-date at year-to-date at June 30, 2018 June 30, 2018 June 30, 2017 Short-term Investments $ 714,935 $ 1,329,447 $ 751,488 Mid-term Investments 495,089 876,391 554,529 Long-term Investments - - - Pension Trust investments 21,519 30,290 - Total Investment Earnings $ 1,231,543 $ 2,236,127 $ 1,306,017
Investment Fees: quarterly ytd fees Bank of the West account fees $ 12,575 $ 20,657 US Bank Measure AA custodial fees $ 1,885 $ 3,770 Pension Trust fees - US Bank and PARS $ 5,530 $ 6,959 PFM invest mgt fees & US Bank custodial fees $ 35,189 64,447 Total $ 55,180 $ 95,834
I verify that this report contains the total amounts of cash and investments at June 30, 2018 The investments are in conformity with the Investment Policy as stated in Resolution # 2018-02-016, dated February 6, 2018. The District's cash management program provides sufficient liquidity to meet expenditure requirement for the next six months, in conformity with the Investment Policy. Debra Auker 48 Debra Auker, CFO Page Left Blank Intentionally
49 Attachment B
EAST BAY REGIONAL PARK DISTRICT 50
Investment Performance Review For the Quarter Ended June 30, 2018
Client Management Team PFM Asset Management LLC
Monique Spyke, Managing Director 50 California Street, Suite 2300 213 Market Street Allison Kaune, Senior Managing Consultant San Francisco, CA 94111 Harrisburg, PA 17101-2141 415-982-5544 717-232-2723 51 Investment Performance Review For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Review
Portfolio Recap
In what we viewed as a well-choreographed interest rate environment, we continued to strategically position the portfolio with a modestly defensive duration bias relative to the benchmark.
Most investment-grade sectors contributed positive excess returns (returns in excess of similar-duration Treasuries) to fixed income portfolios for the quarter: • Federal agency yield spreads remained very narrow throughout the quarter. Limited incremental yield, in combination with light issuance and diminishing supply, influenced our continued preference to reduce the portfolio’s allocation to agencies. • Although supply fell in the second quarter, we found an opportunity to add to the portfolio’s supranational allocation. The expected decline in supply resulted in modest spread tightening, benefiting the portfolio. • In the corporate sector, our fundamental outlook remained favorable as corporate profits surged in the first half of the year, in part due to the 2017 tax cuts. When yield spreads widened in the first quarter, a result of global issues rather than any fundamental
52 credit concerns, we viewed the wider spreads as an opportunity to increase allocations to credit sectors. Corporate allocations contributed to incremental performance for the quarter. • Similarly, asset-backed securities (ABS) generated attractive excess returns for the quarter, while simultaneously providing a level of downside protection given the sector’s strong structural protections and AAA ratings. During the second quarter, we continued to purchase ABS for the portfolio as we viewed the sector as providing a high-quality tactical diversifier to credit allocations. • Short-term, high-quality commercial paper and negotiable certificates of deposit continued to offer considerable value relative to not only similar-maturity government securities but also somewhat longer Treasury maturities. The combination of incremental income and the interest rate risk protection offered by these sectors’ shorter durations continue to benefit the portfolio. • The mortgage-backed security (MBS) sector rebounded in the second quarter, following significant underperformance in the first quarter. Although we are cognizant of looming headwinds facing the MBS sector, we carefully sought opportunities to add attractive issues to the portfolio at increased yield spreads. Preferred structures included those with limited interest rate and extension risk.
PFM Asset Management LLC Account ****0480 9 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Performance
Portfolio Performance (Total Return)
Annualized Return Effective Current Since Inception Portfolio/Benchmark Duration Quarter 1 Year 3 Year 5 Year 10 Year (06/30/09)
EAST BAY REGIONAL PARK DISTRICT 1.75 0.41% 0.40% 0.91% 0.91% - 0.94%
Performance Benchmark* 1.80 0.22% 0.08% 0.42% 0.58% - 0.70%
Difference 0.19% 0.32% 0.49% 0.33% - 0.24%
1.0% 0.94% 0.91% 0.91%
53 0.8% 0.70%
0.6% 0.58%
0.41% 0.40% 0.42% 0.4% Total Return
0.22% 0.2% 0.08%
0.0% Current Quarter 1 Year 3 Year 5 Year 10 Year Since Inception
EAST BAY REGIONAL PARK DISTRICT Performance Benchmark*
*The District's Index was the Merrill Lynch 1 Year UST Index from 6/30/09 to 3/31/11 and is the Merrill Lynch 1-3 Year UST Index beginning 3/31/11. Portfolio performance is gross of fees unless otherwise indicated.
PFM Asset Management LLC Account ****0480 10 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Review
Portfolio Yield Continues to Move Higher
Portfolio Yield at Cost 2.25%
2.00%
1.75%
1.50% 54 1.25%
1.00%
0.75%
0.50%
0.25%
0.00% Jun 13 Jun 14 Jun 15 Jun 16 Jun 17 Jun 18 Jun Mar14 Mar15 Mar16 Mar17 Mar18 Sep13 Dec13 Sep14 Dec14 Sep15 Dec15 Sep16 Dec16 Sep17 Dec17
Yield is gross of fees and excludes overnight investments.
PFM Asset Management LLC Account ****0480 11 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Performance
Portfolio Earnings
Quarter-Ended June 30, 2018
Market Value Basis Accrual (Amortized Cost) Basis
Beginning Value (03/31/2018) $146,037,446.17 $147,257,078.37
Net Purchases/Sales $36,154,523.49 $36,154,523.49
Change in Value ($78,054.66) ($94,582.70)
55 Ending Value (06/30/2018) $182,113,915.00 $183,317,019.16
Interest Earned $848,694.92 $848,694.92
Portfolio Earnings $770,640.26 $754,112.22
PFM Asset Management LLC Account ****0480 12 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Snapshot
Credit Quality (S&P Ratings) Sector Allocation
A Asset-Backed Not Rated 6.1% U.S. 4.0% 1.5% A- Treasury Certificate Portfolio Statistics BBB+ 3.3% 22.4% of Deposit A+ Supra-Sov / 9.0% As of June 30, 2018 1.8% AAAm 6.4% Supra-Natl Corporate 36.0% A-1 Agency 15.4% 1.4% 2.9% $183,540,245 Par Value: A-1+ Total Market Value: $182,712,409 0.8% Federal AA Agency/CMO Security Market Value: $116,478,035 0.2% Municipal 0.5% Accrued Interest: $496,990 AA- 0.9% Federal 4.5% Mny Mkt Agency/GSE $101,505 Cash: AA+ Fund / Pool 8.9% CAMP $65,635,880 AAA 32.3% 36.0% 56 5.7% Amortized Cost: $183,317,019
Yield at Market: 2.67%
Yield at Cost: 2.05% Maturity Distribution 45% Effective Duration: 1.75 Years 42.6% 40% Duration to Worst: 1.78 Years 35% Average Maturity: 1.98 Years 30.6% 30% Average Credit: * AA 25% 21.5% 20%
15%
10%
5% 2.4% 2.9% 0.0% 0% 0 - 1 Year 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years > 5 Years
* An average of each security’s credit rating assigned a numeric value and adjusted for its relative weighting in the portfolio.
PFM Asset Management LLC Account ****0480 13 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Review
The portfolio is in compliance with the District’s Investment Policy and the California Government Code.
% of Permitted by In Security Type Market Value Portfolio Policy Compliance U.S. Treasury $40,724,671 22.3% 100% Federal Agency $16,227,985 8.9% 100% Federal Agency CMOs $951,026 0.5% 20% Municipal Obligations $1,619,311 0.9% 30%
57 Supranationals $5,278,042 2.9% 30% Negotiable CDs $16,309,499 9.0% 30% Corporate Notes $28,125,862 15.4% 30% Asset-Backed Securities $7,241,639 4.0% 20% Securities Sub-Total $116,478,035 63.9% Accrued Interest $496,990 Securities Total $116,975,024 Money Market Fund $101,505 0.1% 20% CAMP Cash Reserve Portfolio $65,635,880 36.0% 100% Total Investments $182,712,409 100.0%
PFM Asset Management LLC Account ****0480 14 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Review
Summary of Trade Activity
Portfolio Trade Activity June 30, 2017 – June 30, 2018 Net Trade Buy Sell/Maturity Activity
U.S. Treasuries +$19.4
Federal Agencies -$6.0
58 Agency MBS +$0.7
Supranationals +$4.2
Municipal Obligations -$1.3
Negotiable CDs +$6.1
Corporate Notes +$11.8
Asset-Backed Securities +$7.3
-$40.0 -$20.0 $0.0 $20.0 $40.0 Millions
Chart based on par value of buys, sells, and maturities. During the year ended June 30, 2018, approximately $40 million was add to the portfolio.
PFM Asset Management LLC Account ****0480 15 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Review
Dynamic Sector Allocation
Historical Sector Allocation 100%
90% Asset-Backed Securities
80% Certificates of Deposit
70% Commercial Paper
60% Corporate Notes 59
50% Federal Agencies
40% Agency MBS
30% Municipal Obligations
20% Supranationals 10% U.S. Treasuries 0%
Excludes overnight investments.
PFM Asset Management LLC Account ****0480 16 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Composition
Sector Allocation
June 30, 2018 March 31, 2018 December 31, 2017 September 30, 2017
Sector MV ($MM) % of Total MV ($MM) % of Total MV ($MM) % of Total MV ($MM) % of Total
Mny Mkt Fund / Pool 65.6 36.0% 48.3 33.0% 57.1 37.3% 47.8 38.4% U.S. Treasury 40.7 22.4% 32.0 21.8% 39.3 25.6% 22.9 18.4% Corporate 28.1 15.4% 26.4 18.1% 19.3 12.6% 16.9 13.6% Certificate of Deposit 16.3 9.0% 15.0 10.3% 12.8 8.4% 12.7 10.2% Federal Agency/GSE 16.2 8.9% 18.8 12.9% 19.9 13.0% 19.9 16.0% Asset-Backed 7.2 4.0% 0.8 0.6% 0.0 0.0% 0.0 0.0% Supra-Sov / Supra-Natl Agency 5.3 2.9% 4.1 2.8% 3.1 2.0% 2.4 1.9% Municipal 1.6 0.9% 0.4 0.3% 1.4 0.9% 1.4 1.1% Federal Agency/CMO 1.0 0.5% 0.2 0.2% 0.4 0.2% 0.5 0.4%
Total $182.1 100.0% $146.0 100.0% $153.3 100.0% $124.4 100.0% 60
100% Federal Agency/CMO 90% Municipal 80% Supra-Sov / Supra-Natl 70% Agency Asset-Backed 60% 50% Federal Agency/GSE 40% Certificate of Deposit 30% Corporate 20%
U.S. Treasury 10%
Mny Mkt Fund / Pool 0% June 2018 March 2018 December 2017 September 2017
Detail may not add to total due to rounding.
PFM Asset Management LLC Account ****0480 17 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Composition
Maturity Distribution
As of June 30, 2018
Yield Average 0-1 1-2 2-3 3-4 4-5 >5 Portfolio/Benchmark at Market Maturity Years Years Years Years Years Years
EAST BAY REGIONAL PARK DISTRICT 2.67% 1.98 yrs 42.6% 30.6% 21.5% 2.4% 2.9% 0.0%
Performance Benchmark* 2.53% 1.94 yrs 2.9% 54.0% 43.1% 0.0% 0.0% 0.0%
60% 54.0%
50% 61 42.6% 43.1% 40%
30.6% 30%
21.5% 20%
10%
2.9% 2.4% 2.9% 0.0% 0.0% 0.0% 0.0% 0% 0-1 Years 1-2 Years 2-3 Years 3-4 Years 4-5 Years > 5 Years
EAST BAY REGIONAL PARK DISTRICT Performance Benchmark*
*The District's Index was the Merrill Lynch 1 Year UST Index from 6/30/09 to 3/31/11 and is the Merrill Lynch 1-3 Year UST Index beginning 3/31/11.
PFM Asset Management LLC Account ****0480 18 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Outlook
Investment Outlook
In light of continued economic growth, inflation near the Fed’s 2% target, and strong labor market conditions, the Fed appears poised to raise rates further. As a result of the expectation for one or two additional hikes in 2018 and three to four more in 2019, our view remains that the general trend of interest rates will be to increase gradually over the near term. Therefore, we plan to maintain a defensive duration posture to mitigate a portion of interest rate risk relative to the benchmark.
Our outlook for each of the major investment-grade fixed income sectors is as follows: • Federal agency securities remain expensive as most maturities offer less than five basis points (0.05%) of incremental yield relative to U.S. Treasuries. We will continue to reduce exposure to agencies in maturities where spreads are tight, seeking better value in Treasuries or other sectors. • Given an expected light supply of supranationals over the coming months, additional purchases may be limited. However, current allocations are expected to be maintained as the portfolio benefits from decent incremental income relative to traditional
62 agencies. • While fundamentals remain generally healthy and incremental income is still modestly attractive, potential headwinds in the corporate sector are beginning to temper our overall constructive guidance. As a result, our view on the sector has shifted to a more market-neutral and selectively opportunistic stance. In addition, we have a preference for financials and selective industrial issuers with stronger balance sheets, which we think can better navigate the current phase of the credit cycle. • In conjunction with our somewhat more defensive posture, negotiable certificates of deposit (CD) and asset-backed securities (ABS) offer attractive incremental income compared to government security alternatives. • As the Fed balance sheet is set to reduce its mortgage-backed securities (MBS) exposure more significantly over the next six months, the sector may experience spread pressures through the second half of the year. As a result, we will maintain allocations to the sector, with new purchases focused on specific structures that limit interest rate sensitivity and provide more stable cash flows. • Short-term money market investors continue to reap the rewards of current monetary policy tightening and higher overnight target rates. Further, the yield curve for high-quality commercial paper and negotiable certificates of deposit (CP/CD) is quite steep and attractive, offering opportunities to extend maturities and add to allocations in this space.
PFM Asset Management LLC Account ****0480 19 63 Portfolio Transactions and Holdings For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized Date Date Par ($) CUSIP Security Description Coupon Date Amt ($) at Market G/L (BV)
BUY
4/2/18 4/4/18 525,000 857477AV5 STATE STREET CORP NOTES 1.95% 5/19/21 513,745.31 2.92% 4/4/18 4/6/18 200,000 69371RN93 PACCAR FINANCIAL CORP NOTES 2.80% 3/1/21 200,176.67 2.88% 4/5/18 4/5/18 2,500,000 912828VV9 US TREASURY NOTES 2.12% 8/31/20 2,488,986.07 2.40% 4/5/18 4/9/18 250,000 437076BL5 HOME DEPOT INC CORP NOTES 2.00% 4/1/21 244,161.11 2.84% 4/6/18 4/10/18 1,075,000 22532XHT8 CREDIT AGRICOLE CIB NY FLT CERT DEPOS 2.80% 4/10/20 1,075,000.00 2.85% 4/6/18 4/10/18 1,075,000 13606BVF0 CANADIAN IMP BK COMM NY FLT CERT DEPOS 2.73% 4/10/20 1,075,000.00 2.78% 4/10/18 4/13/18 275,000 89236TEU5 TOYOTA MOTOR CREDIT CORP CORP NOTES 2.95% 4/13/21 274,890.00 2.96% 4/10/18 4/18/18 345,000 44891KAD7 HART 2018-A A3 2.79% 7/15/22 344,948.04 2.80% 4/11/18 4/30/18 745,000 3136B1XP4 FNA 2018-M5 A2 3.56% 9/25/21 761,955.29 2.27% 4/12/18 4/13/18 775,000 3135G0U27 FANNIE MAE NOTES 2.50% 4/13/21 773,845.25 2.55% 4/12/18 4/19/18 1,215,000 4581X0DB1 INTER-AMERICAN DEVELOPMENT BANK NOTE 2.62% 4/19/21 1,212,327.00 2.70% 4/16/18 4/16/18 1,250,000 912828VV9 US TREASURY NOTES 2.12% 8/31/20 1,243,236.24 2.48% 4/18/18 4/25/18 1,250,000 13063DGA0 CA ST TXBL GO BONDS 2.80% 4/1/21 1,250,050.00 2.80% 4/24/18 4/30/18 770,000 02004VAC7 ALLYA 2018-2 A3 2.92% 11/15/22 769,860.17 2.93% 5/3/18 5/10/18 405,000 427866BA5 HERSHEY COMPANY CORP NOTES 3.10% 5/15/21 404,720.55 3.12% 5/8/18 5/11/18 645,000 369550BA5 GENERAL DYNAMICS CORP 2.87% 5/11/20 642,716.70 3.06% 5/9/18 5/16/18 910,000 89238TAD5 TAOT 2018-B A3 2.96% 9/15/22 909,986.44 2.96% 5/15/18 5/22/18 1,075,000 34528FAD0 FORDO 2018-A A3 3.03% 11/15/22 1,074,826.17 3.04% 5/17/18 5/22/18 510,000 808513AW5 CHARLES SCHWAB CORP CORP NOTES 3.25% 5/21/21 509,984.70 3.25% 5/22/18 5/30/18 370,000 43814UAG4 HAROT 2018-2 A3 3.01% 5/18/22 369,991.93 3.01% 5/23/18 5/24/18 275,000 34531HAD1 FORD ABS 2017-B A3 1.69% 11/15/21 270,002.91 2.77% 5/31/18 6/4/18 200,000 14314XAB5 CARMX 2018-2 A2 2.73% 8/15/21 200,311.61 2.72% 5/31/18 6/4/18 178,000 44931PAE6 HYUNDAI AUTO RECEIVABLES TRUST 2.09% 4/15/23 174,907.51 2.87% 5/31/18 6/5/18 185,000 05531FBD4 BRANCH BANKING & TRUST CORP NOTES 3.20% 9/3/21 184,779.85 3.24% 6/1/18 6/1/18 3,000,000 912828VF4 US TREASURY NOTES 1.37% 5/31/20 2,935,425.20 2.49% 6/1/18 6/1/18 5,000,000 912828WN6 US TREASURY NOTES 2.00% 5/31/21 4,911,015.41 2.62%
PFM Asset Management LLC Account ****0480 21 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Activity
Trade Settle Maturity Transact Yield Realized Date Date Par ($) CUSIP Security Description Coupon Date Amt ($) at Market G/L (BV)
6/5/18 6/7/18 1,175,000 06417GU22 BANK OF NOVA SCOTIA HOUSTON CD 3.08% 6/5/20 1,174,553.50 3.10% 6/6/18 6/8/18 575,000 43814UAC3 HAROT 2018-1 A3 2.64% 2/15/22 572,892.68 2.94% 6/7/18 6/8/18 1,475,000 78012UEE1 ROYAL BANK OF CANADA NY CD 3.24% 6/7/21 1,475,000.00 3.24% 6/11/18 6/13/18 575,000 05522RCW6 BANK OF AMERICA ABS 2017-A1 A1 1.95% 8/15/22 566,752.94 2.73% 6/11/18 6/18/18 500,000 46647PAS5 JPMORGAN CHASE & CO CORP NOTES 3.51% 6/18/22 500,000.00 3.51% 6/19/18 6/27/18 600,000 02007JAC1 ALLYA 2018-3 A3 3.00% 1/15/23 599,958.96 3.09% 6/22/18 6/26/18 575,000 65478GAD2 NISSAN ABS 2017-B A3 1.75% 10/15/21 565,918.80 2.74%
Total BUY 30,478,000 30,271,927.01
INTEREST
4/1/18 4/25/18 47,965 3136AQSW1 FNMA SERIES 2015-M15 ASQ2 1.89% 1/1/19 101.43 4/1/18 4/25/18 70,764 3136ASPX8 FNMA SERIES 2016-M9 ASQ2 1.78% 6/1/19 112.03 4/1/18 4/25/18 122,827 3136AQDQ0 FANNIE MAE SERIES 2015-M13 ASQ2 1.64% 9/1/19 181.92 4/1/18 4/25/18 951 3136ANJY4 FNMA SERIES 2015-M7 ASQ2 1.55% 4/1/18 1.23 4/1/18 4/1/18 100,000 06051GGS2 BANK OF AMERICA CORP (CALLABLE) 2.32% 10/1/21 1,248.07 4/1/18 4/1/18 295,000 06051GGS2 BANK OF AMERICA CORP (CALLABLE) 2.32% 10/1/21 3,681.79 4/1/18 4/1/18 480,000 06051GGS2 BANK OF AMERICA CORP (CALLABLE) 2.32% 10/1/21 5,990.72 4/1/18 4/1/18 100,000 06051GGS2 BANK OF AMERICA CORP (CALLABLE) 2.32% 10/1/21 1,248.07 4/1/18 4/1/18 520,000 911312BP0 UNITED PARCEL SERVICE CORPORATE BOND 2.05% 4/1/21 4,056.72 4/3/18 4/3/18 0 MONEY0002 MONEY MARKET FUND 1,573.90 4/4/18 4/4/18 125,000 713448DJ4 PEPSICO, INC CORP NOTES 1.35% 10/4/19 843.75 4/5/18 4/5/18 1,500,000 06417GUE6 BANK OF NOVA SCOTIA HOUSTON LT CD 1.91% 4/5/19 14,484.17 4/8/18 4/8/18 1,000,000 68389XAX3 ORACLE CORP NOTE 2.25% 10/8/19 11,250.00 4/9/18 4/9/18 405,000 931142DY6 WAL-MART STORES INC CORP NOTE 1.75% 10/9/19 3,327.19 4/15/18 4/15/18 800,000 3137EADZ9 FREDDIE MAC NOTES 1.12% 4/15/19 4,500.00 4/15/18 4/15/18 825,000 02582JHQ6 AMXCA 2018-1 A 2.67% 10/17/22 1,468.50 4/15/18 4/15/18 500,000 06406FAA1 BANK OF NEW YORK MELLON CORP (CALLABLE) 2.50% 4/15/21 6,250.00 4/15/18 4/15/18 75,000 3137EADZ9 FREDDIE MAC NOTES 1.12% 4/15/19 421.88
PFM Asset Management LLC Account ****0480 22 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Activity
Trade Settle Maturity Transact Yield Realized Date Date Par ($) CUSIP Security Description Coupon Date Amt ($) at Market G/L (BV)
4/21/18 4/21/18 600,000 61746BEA0 MORGAN STANLEY CORP NOTES 2.50% 4/21/21 7,500.00 4/21/18 4/21/18 1,750,000 3130ACM92 FEDERAL HOME LOAN BANK NOTES 1.50% 10/21/19 13,708.33 4/22/18 4/22/18 350,000 94974BFU9 WELLS FARGO & COMPANY CORP NOTE 2.12% 4/22/19 3,718.75 4/23/18 4/23/18 130,000 38148LAA4 GOLDMAN SACHS GROUP INC CORP NOTES 2.60% 4/23/20 1,690.00 4/23/18 4/23/18 100,000 38148LAA4 GOLDMAN SACHS GROUP INC CORP NOTES 2.60% 4/23/20 1,300.00 4/25/18 4/25/18 45,000 38141GVT8 GOLDMAN SACHS GRP INC CORP NT (CALLABLE) 2.00% 4/25/19 450.00 4/25/18 4/25/18 300,000 38141GVT8 GOLDMAN SACHS GRP INC CORP NT (CALLABLE) 2.00% 4/25/19 3,000.00 4/26/18 4/26/18 250,000 172967KB6 CITIGROUP INC CORP NOTES 2.65% 10/26/20 3,312.50 4/26/18 4/26/18 225,000 172967KB6 CITIGROUP INC CORP NOTES 2.65% 10/26/20 2,981.25 4/26/18 4/26/18 115,000 172967KB6 CITIGROUP INC CORP NOTES 2.65% 10/26/20 1,523.75 4/28/18 4/28/18 1,300,000 3133EFKY2 FFCB NOTES (CALLABLE) 1.36% 10/28/19 8,840.00 4/30/18 4/30/18 3,750,000 912828K58 US TREASURY NOTES 1.37% 4/30/20 25,781.25 4/30/18 4/30/18 400,000 0258M0EC9 AMERICAN EXPRESS CREDIT (CALLABLE) CORP 1.70% 10/30/19 3,400.00 4/30/18 4/30/18 375,000 912828K58 US TREASURY NOTES 1.37% 4/30/20 2,578.13 4/30/18 4/30/18 300,000 438516BQ8 HONEYWELL INTERNATIONAL CORP NOTES 1.80% 10/30/19 2,700.00 4/30/18 4/30/18 2,000,000 912828D23 US TREASURY NOTES 1.62% 4/30/19 16,250.00 4/30/18 4/30/18 795,000 912828D23 US TREASURY NOTES 1.62% 4/30/19 6,459.38 4/30/18 4/30/18 855,000 912828D23 US TREASURY NOTES 1.62% 4/30/19 6,946.88 4/30/18 4/30/18 300,000 025816BP3 AMERICAN EXPRESS CO CORP (CALLABLE) NOTE 2.20% 10/30/20 3,300.00 4/30/18 4/30/18 240,000 438516BQ8 HONEYWELL INTERNATIONAL CORP NOTES 1.80% 10/30/19 2,160.00 4/30/18 4/30/18 1,700,000 912828F62 US TREASURY NOTES 1.50% 10/31/19 12,750.00 4/30/18 4/30/18 900,000 912828K58 US TREASURY NOTES 1.37% 4/30/20 6,187.50 4/30/18 4/30/18 2,150,000 912828ST8 US TREASURY NOTES 1.25% 4/30/19 13,437.50 5/1/18 5/1/18 0 MONEY0002 MONEY MARKET FUND 3,482.08 5/1/18 5/25/18 62,266 3136ASPX8 FNMA SERIES 2016-M9 ASQ2 1.78% 6/1/19 92.62 5/1/18 5/25/18 121,023 3136AQDQ0 FANNIE MAE SERIES 2015-M13 ASQ2 1.64% 9/1/19 166.00 5/1/18 5/25/18 745,000 3136B1XP4 FNA 2018-M5 A2 3.56% 9/25/21 2,210.17 5/1/18 5/25/18 37,910 3136AQSW1 FNMA SERIES 2015-M15 ASQ2 1.89% 1/1/19 64.65 5/2/18 5/2/18 375,000 713448DR6 PEPSICO INC CORP NOTE 1.55% 5/2/19 2,906.25 5/3/18 5/3/18 1,500,000 86563YVN0 SUMITOMO MITSUI BANK NY CD 2.05% 5/3/19 15,460.42
PFM Asset Management LLC Account ****0480 23 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Activity
Trade Settle Maturity Transact Yield Realized Date Date Par ($) CUSIP Security Description Coupon Date Amt ($) at Market G/L (BV)
5/5/18 5/5/18 175,000 904764AV9 UNILEVER CAPITAL CORP BONDS 1.80% 5/5/20 1,575.00 5/9/18 5/9/18 770,000 4581X0CD8 INTER-AMERICAN DEVELOPMENT BANK 2.12% 11/9/20 8,181.25 5/10/18 5/10/18 185,000 478160CH5 JOHNSON & JOHNSON CORP NOTE 1.95% 11/10/20 1,803.75 5/11/18 5/11/18 400,000 037833CS7 APPLE INC BONDS 1.80% 5/11/20 3,600.00 5/11/18 5/11/18 250,000 458140AZ3 INTEL CORP NOTES 1.85% 5/11/20 2,312.50 5/11/18 5/11/18 400,000 458140AZ3 INTEL CORP NOTES 1.85% 5/11/20 3,700.00 5/13/18 5/13/18 350,000 02665WBZ3 AMERICAN HONDA FINANCE 2.00% 11/13/19 3,441.67 5/13/18 5/13/18 490,000 458182DX7 INTER-AMERICAN DEVELOPMENT BANK 1.00% 5/13/19 2,450.00 5/13/18 5/13/18 125,000 037833DJ6 APPLE INC 2.00% 11/13/20 1,250.00 5/13/18 5/13/18 245,000 69371RN85 PACCAR FINANCIAL CORP NOTES 2.05% 11/13/20 2,511.25 5/15/18 5/15/18 770,000 02004VAC7 ALLYA 2018-2 A3 2.92% 11/15/22 936.83 5/15/18 5/15/18 345,000 44891KAD7 HART 2018-A A3 2.79% 7/15/22 721.91 5/15/18 5/15/18 825,000 02582JHQ6 AMXCA 2018-1 A 2.67% 10/17/22 1,835.63 5/16/18 5/16/18 875,000 87019U6D6 SWEDBANK (NEW YORK) CERT DEPOS 2.27% 11/16/20 9,931.25 5/19/18 5/19/18 525,000 857477AV5 STATE STREET CORP NOTES 1.95% 5/19/21 5,118.75 5/24/18 5/24/18 1,150,000 3134G9LD7 FHLMC NOTES (CALLABLE) 1.25% 5/24/19 7,187.50 5/27/18 5/27/18 375,000 459058FS7 INTL BANK OF RECON AND DEV GLOBAL NOTES 1.12% 11/27/19 2,111.25 5/27/18 5/27/18 400,000 459058FS7 INTL BANK OF RECON AND DEV GLOBAL NOTES 1.12% 11/27/19 2,252.00 5/30/18 5/30/18 1,000,000 3135G0F73 FNMA BENCHMARK NOTE 1.50% 11/30/20 7,500.00 5/31/18 5/31/18 1,800,000 912828G61 US TREASURY NOTES 1.50% 11/30/19 13,500.00 6/1/18 6/25/18 33,670 3136AQSW1 FNMA SERIES 2015-M15 ASQ2 1.89% 1/1/19 53.26 6/1/18 6/25/18 745,000 3136B1XP4 FNA 2018-M5 A2 3.56% 9/25/21 2,210.17 6/1/18 6/25/18 62,155 3136ASPX8 FNMA SERIES 2016-M9 ASQ2 1.78% 6/1/19 92.46 6/1/18 6/25/18 110,541 3136AQDQ0 FANNIE MAE SERIES 2015-M13 ASQ2 1.64% 9/1/19 157.04 6/1/18 6/1/18 0 MONEY0002 MONEY MARKET FUND 873.35 6/3/18 6/3/18 350,000 717081DU4 PFIZER INC CORP NOTES 1.45% 6/3/19 2,537.50 6/5/18 6/5/18 750,000 25468PDU7 WALT DISNEY COMPANY CORP NOTES 1.80% 6/5/20 6,750.00 6/5/18 6/5/18 355,000 437076BQ4 HOME DEPOT INC CORP NOTES 1.80% 6/5/20 3,195.00 6/7/18 6/7/18 135,000 172967KS9 CITIGROUP INC CORP NOTES 2.05% 6/7/19 1,383.75 6/11/18 6/11/18 800,000 36962G6P4 GENERAL ELEC CAP CORP GLOBAL NOTES 2.10% 12/11/19 8,400.00
PFM Asset Management LLC Account ****0480 24 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Activity
Trade Settle Maturity Transact Yield Realized Date Date Par ($) CUSIP Security Description Coupon Date Amt ($) at Market G/L (BV)
6/13/18 6/13/18 400,000 38145GAJ9 GOLDMAN SACHS GROUP (CALLABLE) INC BONDS 2.30% 12/13/19 4,600.00 6/14/18 6/14/18 200,000 92826CAB8 VISA INC (CALLABLE) CORP NOTES 2.20% 12/14/20 2,200.00 6/15/18 6/15/18 910,000 89238TAD5 TAOT 2018-B A3 2.96% 9/15/22 2,169.84 6/15/18 6/15/18 770,000 02004VAC7 ALLYA 2018-2 A3 2.92% 11/15/22 1,873.67 6/15/18 6/15/18 345,000 44891KAD7 HART 2018-A A3 2.79% 7/15/22 802.13 6/15/18 6/15/18 200,000 14314XAB5 CARMX 2018-2 A2 2.73% 8/15/21 455.00 6/15/18 6/15/18 1,075,000 34528FAD0 FORDO 2018-A A3 3.03% 11/15/22 2,081.02 6/15/18 6/15/18 825,000 02582JHQ6 AMXCA 2018-1 A 2.67% 10/17/22 1,835.63 6/15/18 6/15/18 575,000 43814UAC3 HAROT 2018-1 A3 2.64% 2/15/22 1,265.00 6/15/18 6/15/18 178,000 44931PAE6 HYUNDAI AUTO RECEIVABLES TRUST 2.09% 4/15/23 310.02 6/15/18 6/15/18 575,000 05522RCW6 BANK OF AMERICA ABS 2017-A1 A1 1.95% 8/15/22 934.38 6/15/18 6/15/18 275,000 34531HAD1 FORD ABS 2017-B A3 1.69% 11/15/21 387.29 6/18/18 6/18/18 370,000 43814UAG4 HAROT 2018-2 A3 3.01% 5/18/22 556.85 6 6/22/18 6/22/18 150,000 24422ETS8 JOHN DEERE CAPITAL CORP NOTES 1.95% 6/22/20 1,462.50 6/30/18 6/30/18 250,000 912828N48 US TREASURY NOTES 1.75% 12/31/20 2,187.50 6/30/18 6/30/18 2,500,000 912828N48 US TREASURY NOTES 1.75% 12/31/20 21,875.00 6/30/18 6/30/18 2,000,000 912828XH8 US TREASURY NOTES 1.62% 6/30/20 16,250.00 6/30/18 6/30/18 3,750,000 912828G95 US TREASURY NOTES 1.62% 12/31/19 30,468.75
Total INTEREST 58,883,072 434,386.43
MATURITY
4/1/18 4/1/18 951 3136ANJY4 FNMA SERIES 2015-M7 ASQ2 1.55% 4/1/18 950.98 0.00
Total MATURITY 951 950.98 0.00
PAYDOWNS
4/1/18 4/25/18 8,497 3136ASPX8 FNMA SERIES 2016-M9 ASQ2 1.78% 6/1/19 8,497.49 0.00
PFM Asset Management LLC Account ****0480 25 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Activity
Trade Settle Maturity Transact Yield Realized Date Date Par ($) CUSIP Security Description Coupon Date Amt ($) at Market G/L (BV)
4/1/18 4/25/18 1,804 3136AQDQ0 FANNIE MAE SERIES 2015-M13 ASQ2 1.64% 9/1/19 1,803.55 0.00 4/1/18 4/25/18 10,055 3136AQSW1 FNMA SERIES 2015-M15 ASQ2 1.89% 1/1/19 10,055.33 0.00 5/1/18 5/25/18 10,482 3136AQDQ0 FANNIE MAE SERIES 2015-M13 ASQ2 1.64% 9/1/19 10,481.89 0.00 5/1/18 5/25/18 4,240 3136AQSW1 FNMA SERIES 2015-M15 ASQ2 1.89% 1/1/19 4,239.66 0.00 5/1/18 5/25/18 111 3136ASPX8 FNMA SERIES 2016-M9 ASQ2 1.78% 6/1/19 111.05 0.00 6/1/18 6/25/18 3,939 3136AQDQ0 FANNIE MAE SERIES 2015-M13 ASQ2 1.64% 9/1/19 3,939.39 0.00 6/1/18 6/25/18 3,353 3136AQSW1 FNMA SERIES 2015-M15 ASQ2 1.89% 1/1/19 3,353.12 0.00 6/1/18 6/25/18 2,710 3136ASPX8 FNMA SERIES 2016-M9 ASQ2 1.78% 6/1/19 2,709.68 0.00
Total PAYDOWNS 45,191 45,191.16 0.00
SELL
4/6/18 4/10/18 800,000 13606A5Z7 CANADIAN IMPERIAL BANK NY CD 1.76% 11/30/18 800,591.64 2.59% (4,900.31) 4/6/18 4/10/18 700,000 13606A5Z7 CANADIAN IMPERIAL BANK NY CD 1.76% 11/30/18 700,517.69 2.59% (3,754.98) 4/10/18 4/13/18 275,000 89236TCU7 TOYOTA MOTOR CREDIT CORP NOTES 1.70% 2/19/19 273,960.50 2.46% (1,731.24) 4/18/18 4/25/18 700,000 912828B33 US TREASURY NOTES 1.50% 1/31/19 698,854.43 2.17% (4,880.57) 4/18/18 4/25/18 400,000 3135G0J53 FNMA BENCHMARK NOTE 1.00% 2/26/19 396,703.56 2.20% (3,686.62) 4/24/18 4/30/18 600,000 912828XH8 US TREASURY NOTES 1.62% 6/30/20 591,888.29 2.53% (12,909.06) 4/24/18 4/26/18 170,000 89236TCU7 TOYOTA MOTOR CREDIT CORP NOTES 1.70% 2/19/19 169,483.86 2.47% (1,048.37) 5/3/18 5/7/18 375,000 713448DR6 PEPSICO INC CORP NOTE 1.55% 5/2/19 371,698.23 2.48% (3,242.72) 5/9/18 5/11/18 25,000 3135G0J53 FNMA BENCHMARK NOTE 1.00% 2/26/19 24,802.83 2.28% (234.88) 5/9/18 5/11/18 475,000 3135G0J53 FNMA BENCHMARK NOTE 1.00% 2/26/19 471,253.84 2.28% (4,437.32) 5/9/18 5/11/18 100,000 25468PDH6 THE WALT DISNEY CORPORATION 1.65% 1/8/19 100,081.75 2.39% (452.03) 5/9/18 5/11/18 50,000 084664CG4 BERKSHIRE HATHAWAY INC NOTES 1.70% 3/15/19 49,859.22 2.36% (262.11) 5/15/18 5/22/18 1,050,000 3130AAXX1 FHLB NOTES 1.37% 3/18/19 1,044,555.17 2.32% (7,031.70) 5/15/18 5/16/18 275,000 912828C65 US TREASURY NOTES 1.62% 3/31/19 274,014.78 2.28% (2,919.02) 5/15/18 5/16/18 575,000 3135G0J53 FNMA BENCHMARK NOTE 1.00% 2/26/19 570,654.28 2.27% (5,298.81) 5/17/18 5/22/18 500,000 3137EADZ9 FREDDIE MAC NOTES 1.12% 4/15/19 495,288.13 2.32% (5,412.00) 5/23/18 5/24/18 230,000 594918BN3 MICROSOFT CORP NOTES 1.10% 8/8/19 227,202.94 2.40% (3,445.86)
PFM Asset Management LLC Account ****0480 26 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Activity
Trade Settle Maturity Transact Yield Realized Date Date Par ($) CUSIP Security Description Coupon Date Amt ($) at Market G/L (BV)
5/23/18 5/30/18 325,000 912828C65 US TREASURY NOTES 1.62% 3/31/19 324,050.35 2.30% (3,366.33) 5/29/18 5/30/18 25,000 912828C65 US TREASURY NOTES 1.62% 3/31/19 24,946.48 2.21% (239.42) 6/5/18 6/7/18 1,500,000 06417GUE6 BANK OF NOVA SCOTIA HOUSTON LT CD 1.91% 4/5/19 1,496,208.75 2.56% (8,805.00) 6/7/18 6/8/18 500,000 06427KRC3 BANK OF MONTREAL CHICAGO CERT DEPOS 1.88% 2/7/19 500,704.44 2.56% (2,455.00) 6/11/18 6/13/18 200,000 912828C65 US TREASURY NOTES 1.62% 3/31/19 199,610.23 2.29% (1,957.74) 6/11/18 6/13/18 350,000 717081DU4 PFIZER INC CORP NOTES 1.45% 6/3/19 346,462.47 2.55% (3,547.26) 6/11/18 6/18/18 225,000 46625HQJ2 JP MORGAN CHASE & CO CORP NT (CALLABLE) 2.55% 3/1/21 222,164.81 3.34% (1,878.70) 6/20/18 6/27/18 120,000 912828C65 US TREASURY NOTES 1.62% 3/31/19 119,873.54 2.29% (1,115.72) 6/20/18 6/27/18 75,000 3137EADZ9 FREDDIE MAC NOTES 1.12% 4/15/19 74,445.75 2.35% (863.22) 6/20/18 6/27/18 300,000 3137EADZ9 FREDDIE MAC NOTES 1.12% 4/15/19 297,783.00 2.35% (2,957.29) 6/22/18 6/26/18 225,000 912828C65 US TREASURY NOTES 1.62% 3/31/19 224,752.90 2.28% (2,095.47) 6/22/18 6/26/18 325,000 912828D23 US TREASURY NOTES 1.62% 4/30/19 323,939.11 2.32% (4,407.30)
Total SELL 11,470,000 11,416,352.97 -99,336.05 70
PFM Asset Management LLC Account ****0480 27 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
CAMP Pool Transactions
Trade Settle Dollar Share or Share Transaction Description Date Date Amount Unit Price Amount
04/19/18 04/19/18 Purchase - ACH Purchase $27,000,000.00 1.00 27,000,000.000
04/30/18 05/01/18 Accrual Income Div Reinvestment - Distributions $90,010.29 1.00 90,010.290
05/30/18 05/30/18 Redemption - Outgoing Wires $(10,000,000.00) 1.00 (10,000,000.000)
05/31/18 06/01/18 Accrual Income Div Reinvestment - Distributions $124,068.79 1.00 124,068.790
06/29/18 07/02/18 Accrual Income Div Reinvestment - Distributions $110,178.62 1.00 110,178.620
TOTALS $17,324,257.70 17,324,257.700 71
PFM Asset Management LLC Account ****0480 28 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Composition
Sector/Issuer Distribution
As of June 30, 2018
Sector / Issuer Market Value ($) % of Sector % of Total Portfolio
Asset-Backed
ALLY AUTO RECEIVABLES TRUST 1,369,447 18.9% 0.8%
AMERICAN EXPRESS CO 822,817 11.4% 0.5%
BANK OF AMERICA CO 566,202 7.8% 0.3%
CARMAX AUTO OWNER TRUST 199,812 2.8% 0.1%
FORD CREDIT AUTO OWNER TRUST 1,346,696 18.6% 0.7%
HONDA AUTO RECEIVABLES 942,457 13.0% 0.5%
HYUNDAI AUTO RECEIVABLES 518,223 7.2% 0.3% 72 NISSAN AUTO RECEIVABLES 565,835 7.8% 0.3%
TOYOTA MOTOR CORP 910,152 12.6% 0.5%
Sector Total 7,241,639 100.0% 4.0%
Certificate of Deposit
BANK OF MONTREAL 998,137 6.1% 0.5%
BANK OF NOVA SCOTIA 1,181,520 7.2% 0.6%
CANADIAN IMPERIAL BANK OF COMMERCE 1,074,998 6.6% 0.6%
CREDIT AGRICOLE SA 1,076,188 6.6% 0.6%
CREDIT SUISSE GROUP 974,964 6.0% 0.5%
MITSUBISHI UFJ FINANCIAL GROUP INC 866,251 5.3% 0.5%
NORDEA BANK AB 969,857 5.9% 0.5%
ROYAL BANK OF CANADA 1,485,381 9.1% 0.8%
PFM Asset Management LLC Account ****0480 29 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Composition
Sector / Issuer Market Value ($) % of Sector % of Total Portfolio
SKANDINAVISKA ENSKILDA BANKEN AB 1,511,844 9.3% 0.8%
SUMITOMO MITSUI FINANCIAL GROUP INC 1,493,622 9.2% 0.8%
SVENSKA HANDELSBANKEN AB 1,493,486 9.2% 0.8%
SWEDBANK AB 856,728 5.3% 0.5%
UBS AG 978,206 6.0% 0.5%
WESTPAC BANKING CORP 1,348,318 8.3% 0.7%
Sector Total 16,309,499 100.0% 9.0%
Corporate
AMERICAN EXPRESS CO 1,096,573 3.9% 0.6%
AMERICAN HONDA FINANCE 1,327,853 4.7% 0.7% 73 APPLE INC 860,972 3.1% 0.5%
BANK OF AMERICA CO 953,167 3.4% 0.5%
BB&T CORPORATION 1,122,879 4.0% 0.6%
CATERPILLAR INC 962,471 3.4% 0.5%
CHARLES SCHWAB 512,038 1.8% 0.3%
CITIGROUP INC 1,086,707 3.9% 0.6%
DEERE & COMPANY 1,496,721 5.3% 0.8%
GENERAL DYNAMICS CORP 644,299 2.3% 0.4%
GENERAL ELECTRIC CO 791,208 2.8% 0.4%
GOLDMAN SACHS GROUP INC 966,272 3.4% 0.5%
HERSHEY COMPANY 405,454 1.4% 0.2%
HOME DEPOT INC 592,564 2.1% 0.3%
HONEYWELL INTERNATIONAL 533,273 1.9% 0.3%
HSBC HOLDINGS PLC 484,277 1.7% 0.3%
PFM Asset Management LLC Account ****0480 30 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Composition
Sector / Issuer Market Value ($) % of Sector % of Total Portfolio
IBM CORP 958,691 3.4% 0.5%
INTEL CORPORATION 639,832 2.3% 0.4%
JOHNSON & JOHNSON 181,959 0.6% 0.1%
JP MORGAN CHASE & CO 1,240,738 4.4% 0.7%
MICROSOFT CORP 355,400 1.3% 0.2%
MORGAN STANLEY 958,290 3.4% 0.5%
NATIONAL RURAL UTILITIES CO FINANCE CORP 550,871 2.0% 0.3%
ORACLE CORP 994,774 3.5% 0.5%
PACCAR FINANCIAL CORP 729,818 2.6% 0.4%
PEPSICO INC 122,927 0.4% 0.1%
STATE STREET CORPORATION 508,610 1.8% 0.3%
74 THE BANK OF NEW YORK MELLON CORPORATION 911,560 3.2% 0.5%
THE WALT DISNEY CORPORATION 875,846 3.1% 0.5%
TOYOTA MOTOR CORP 1,261,543 4.5% 0.7%
UNILEVER PLC 965,733 3.4% 0.5%
UNITED PARCEL SERVICE INC 507,232 1.8% 0.3%
VISA INC 196,752 0.7% 0.1%
WAL-MART STORES INC 400,848 1.4% 0.2%
WELLS FARGO & COMPANY 1,927,710 6.9% 1.1%
Sector Total 28,125,862 100.0% 15.4%
Federal Agency/CMO
FANNIE MAE 951,026 100.0% 0.5%
Sector Total 951,026 100.0% 0.5%
PFM Asset Management LLC Account ****0480 31 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Composition
Sector / Issuer Market Value ($) % of Sector % of Total Portfolio
Federal Agency/GSE
FANNIE MAE 5,509,517 34.0% 3.0%
FEDERAL FARM CREDIT BANKS 4,328,000 26.7% 2.4%
FEDERAL HOME LOAN BANKS 3,257,133 20.1% 1.8%
FREDDIE MAC 3,133,335 19.3% 1.7%
Sector Total 16,227,985 100.0% 8.9%
Mny Mkt Fund / Pool
CAMP POOL 65,635,880 100.0% 36.0%
Sector Total 65,635,880 100.0% 36.0% 75
Municipal
CALIFORNIA ST 1,247,025 77.0% 0.7%
STATE OF CONNECTICUT 372,286 23.0% 0.2%
Sector Total 1,619,311 100.0% 0.9%
Supra-Sov / Supra-Natl Agency
INTER-AMERICAN DEVELOPMENT BANK 2,452,453 46.5% 1.3%
INTERNATIONAL FINANCE CORPORATION 966,541 18.3% 0.5%
INTL BANK OF RECONSTRUCTION AND DEV 1,859,048 35.2% 1.0%
Sector Total 5,278,042 100.0% 2.9%
U.S. Treasury
UNITED STATES TREASURY 40,724,671 100.0% 22.4%
PFM Asset Management LLC Account ****0480 32 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Composition
Sector / Issuer Market Value ($) % of Sector % of Total Portfolio
Sector Total 40,724,671 100.0% 22.4%
Portfolio Total 182,113,915 100.0% 100.0% 76
PFM Asset Management LLC Account ****0480 33 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
U.S. Treasury Bond / Note
US TREASURY NOTES 912828ST8 2,150,000.00 AA+ Aaa 10/4/2017 10/5/2017 2,143,869.14 1.43 4,527.85 2,146,741.78 2,131,103.65 DTD 04/30/2012 1.250% 04/30/2019 US TREASURY NOTES 912828D23 2,000,000.00 AA+ Aaa 12/19/2016 12/22/2016 2,010,937.50 1.39 5,475.54 2,003,902.74 1,988,516.00 DTD 04/30/2014 1.625% 04/30/2019 US TREASURY NOTES 912828D23 855,000.00 AA+ Aaa 11/10/2016 11/14/2016 866,689.45 1.06 2,340.79 858,982.23 850,090.59 DTD 04/30/2014 1.625% 04/30/2019 US TREASURY NOTES 912828D23 470,000.00 AA+ Aaa 6/27/2016 6/29/2016 482,190.62 0.70 1,286.75 473,597.77 467,301.26 DTD 04/30/2014 1.625% 04/30/2019 US TREASURY NOTES 912828WW6 1,300,000.00 AA+ Aaa 1/3/2017 1/5/2017 1,308,125.00 1.38 8,811.81 1,303,458.69 1,289,336.10 DTD 07/31/2014 1.625% 07/31/2019 US TREASURY NOTES 912828F62 1,700,000.00 AA+ Aaa 10/3/2017 10/3/2017 1,700,000.00 1.50 4,296.20 1,700,000.00 1,678,882.60 DTD 10/31/2014 1.500% 10/31/2019 US TREASURY NOTES 912828G61 1,800,000.00 AA+ Aaa 12/1/2016 12/5/2016 1,802,812.50 1.45 2,286.89 1,801,348.42 1,775,741.40 DTD 12/01/2014 1.500% 11/30/2019 US TREASURY NOTES 912828G95 3,750,000.00 AA+ Aaa 12/14/2017 12/15/2017 3,734,472.66 1.83 165.59 3,738,574.65 3,703,417.50 DTD 12/31/2014 1.625% 12/31/2019 US TREASURY NOTES 912828J50 1,725,000.00 AA+ Aaa 8/31/2017 9/1/2017 1,724,932.62 1.38 7,927.73 1,724,954.96 1,693,127.18 DTD 03/02/2015 1.375% 02/29/2020 US TREASURY NOTES 912828J50 575,000.00 AA+ Aaa 2/1/2017 2/3/2017 571,518.55 1.58 2,642.58 573,091.10 564,375.73 DTD 03/02/2015 1.375% 02/29/2020 US TREASURY NOTES 912828J50 275,000.00 AA+ Aaa 3/8/2017 3/13/2017 272,690.43 1.67 1,263.84 273,689.00 269,918.83 DTD 03/02/2015 1.375% 02/29/2020 US TREASURY NOTES 912828J84 2,500,000.00 AA+ Aaa 10/2/2017 10/2/2017 2,487,890.63 1.57 8,640.71 2,491,464.78 2,451,367.50 DTD 03/31/2015 1.375% 03/31/2020 US TREASURY NOTES 912828K58 3,750,000.00 AA+ Aaa 12/14/2017 12/15/2017 3,707,666.02 1.86 8,687.16 3,717,225.34 3,673,241.25 DTD 04/30/2015 1.375% 04/30/2020 US TREASURY NOTES 912828K58 375,000.00 AA+ Aaa 4/3/2017 4/5/2017 373,315.43 1.53 868.72 373,986.20 367,324.13 DTD 04/30/2015 1.375% 04/30/2020 US TREASURY NOTES 912828K58 900,000.00 AA+ Aaa 4/7/2017 4/10/2017 895,359.38 1.55 2,084.92 897,193.95 881,577.90 DTD 04/30/2015 1.375% 04/30/2020
PFM Asset Management LLC Account ****0480 34 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
U.S. Treasury Bond / Note
US TREASURY NOTES 912828VF4 3,000,000.00 AA+ Aaa 6/1/2018 6/1/2018 2,935,312.50 2.49 3,493.85 2,937,918.30 2,935,194.00 DTD 05/31/2013 1.375% 05/31/2020 US TREASURY NOTES 912828XH8 2,000,000.00 AA+ Aaa 6/26/2017 6/28/2017 2,007,187.50 1.50 88.32 2,004,812.72 1,964,454.00 DTD 06/30/2015 1.625% 06/30/2020 US TREASURY NOTES 912828XM7 730,000.00 AA+ Aaa 7/5/2017 7/7/2017 730,456.25 1.60 4,948.17 730,314.18 716,255.56 DTD 07/31/2015 1.625% 07/31/2020 US TREASURY NOTES 912828VV9 1,250,000.00 AA+ Aaa 4/16/2018 4/16/2018 1,239,843.75 2.48 8,878.23 1,240,713.58 1,238,573.75 DTD 09/03/2013 2.125% 08/31/2020 US TREASURY NOTES 912828VV9 2,500,000.00 AA+ Aaa 4/5/2018 4/5/2018 2,483,789.06 2.40 17,756.45 2,485,358.88 2,477,147.50 DTD 09/03/2013 2.125% 08/31/2020 US TREASURY NOTES 912828N48 2,500,000.00 AA+ Aaa 12/14/2017 12/15/2017 2,486,132.81 1.94 118.89 2,488,568.88 2,449,317.50 DTD 12/31/2015 1.750% 12/31/2020 US TREASURY NOTES 912828N48 250,000.00 AA+ Aaa 12/1/2017 12/5/2017 248,808.60 1.91 11.89 249,026.85 244,931.75 DTD 12/31/2015 1.750% 12/31/2020 US TREASURY NOTES 912828WN6 5,000,000.00 AA+ Aaa 6/1/2018 6/1/2018 4,910,742.19 2.62 8,469.95 4,913,104.55 4,913,475.00 DTD 06/02/2014 2.000% 05/31/2021
Security Type Sub-Total 41,355,000.00 41,124,742.59 1.85 105,072.83 41,128,029.55 40,724,670.68
Supra-National Agency Bond / Note
INTER-AMERICAN DEVELOPMENT 458182DX7 490,000.00 AAA Aaa 4/5/2016 4/12/2016 488,530.00 1.10 653.33 489,582.01 483,642.25 BANK DTD 04/12/2016 1.000% 05/13/2019 INTL BANK OF RECON AND DEV SN 459058FK4 350,000.00 AAA Aaa 7/6/2016 7/13/2016 349,926.50 0.88 1,156.94 349,972.89 343,714.00 NOTE DTD 07/13/2016 0.875% 08/15/2019 INTL BANK OF RECON AND DEV 459058FS7 400,000.00 AAA Aaa 8/28/2017 8/30/2017 396,588.00 1.51 425.00 397,848.94 392,048.00 GLOBAL NOTES DTD 10/27/2016 1.125% 11/27/2019
PFM Asset Management LLC Account ****0480 35 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
Supra-National Agency Bond / Note
INTL BANK OF RECON AND DEV 459058FS7 375,000.00 AAA Aaa 8/28/2017 8/30/2017 371,718.75 1.52 398.44 372,931.26 367,545.00 GLOBAL NOTES DTD 10/27/2016 1.125% 11/27/2019 INTL BANK OF RECONSTRUCTION 45905UP32 775,000.00 AAA Aaa 9/12/2017 9/19/2017 773,140.00 1.64 3,662.93 773,619.69 755,741.25 AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 INTER-AMERICAN DEVELOPMENT 4581X0CD8 770,000.00 AAA Aaa 10/2/2017 10/10/2017 777,137.21 1.81 2,363.47 775,495.82 759,643.50 BANK DTD 11/08/2013 2.125% 11/09/2020 INTERNATIONAL FINANCE 45950VLQ7 975,000.00 AAA Aaa 3/9/2018 3/16/2018 974,268.75 2.66 7,493.28 974,336.36 966,540.90 CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 INTER-AMERICAN DEVELOPMENT 4581X0DB1 1,215,000.00 AAA Aaa 4/12/2018 4/19/2018 1,212,327.00 2.70 6,378.75 1,212,499.27 1,209,166.79 BANK NOTE DTD 04/19/2018 2.625% 04/19/2021
Security Type Sub-Total 5,350,000.00 5,343,636.21 1.98 22,532.14 5,346,286.24 5,278,041.69
Municipal Bond / Note
CT ST TXBL GO BONDS 20772J3D2 380,000.00 A A1 8/3/2016 8/17/2016 380,820.80 1.23 1,866.22 380,311.03 372,286.00 DTD 08/17/2016 1.300% 08/15/2019 CA ST TXBL GO BONDS 13063DGA0 1,250,000.00 AA- Aa3 4/18/2018 4/25/2018 1,250,050.00 2.80 6,416.67 1,250,041.94 1,247,025.00 DTD 04/25/2018 2.800% 04/01/2021
Security Type Sub-Total 1,630,000.00 1,630,870.80 2.44 8,282.89 1,630,352.97 1,619,311.00
Federal Agency Collateralized Mortgage Obligation
FNMA SERIES 2015-M15 ASQ2 3136AQSW1 30,316.96 AA+ Aaa 11/6/2015 11/30/2015 30,620.13 1.20 47.95 30,329.64 30,224.17 DTD 11/01/2015 1.898% 01/01/2019 FNMA SERIES 2016-M9 ASQ2 3136ASPX8 59,445.64 AA+ Aaa 6/9/2016 6/30/2016 60,040.06 1.05 88.43 59,567.38 59,211.75 DTD 06/01/2016 1.785% 06/01/2019
PFM Asset Management LLC Account ****0480 36 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
Federal Agency Collateralized Mortgage Obligation
FANNIE MAE SERIES 2015-M13 ASQ2 3136AQDQ0 106,601.84 AA+ Aaa 10/7/2015 10/30/2015 107,669.34 1.08 146.22 106,819.94 106,055.54 DTD 10/01/2015 1.646% 09/01/2019 FNA 2018-M5 A2 3136B1XP4 745,000.00 AA+ Aaa 4/11/2018 4/30/2018 759,818.80 2.27 2,210.17 759,380.51 755,534.37 DTD 04/01/2018 3.560% 09/25/2021
Security Type Sub-Total 941,364.44 958,148.33 2.03 2,492.77 956,097.47 951,025.83
Federal Agency Bond / Note
FHLMC NOTES (CALLABLE) 3134G9LD7 1,150,000.00 AA+ Aaa 5/13/2016 5/24/2016 1,150,000.00 1.25 1,477.43 1,150,000.00 1,138,106.70 DTD 05/24/2016 1.250% 05/24/2019 FFCB NOTES 3133ECUV4 1,000,000.00 AA+ Aaa 5/14/2015 5/15/2015 1,027,570.00 1.47 9,794.44 1,007,061.42 997,482.00 DTD 07/17/2013 2.150% 07/17/2019 FHLMC REFERENCE NOTE 3137EAEB1 875,000.00 AA+ Aaa 7/19/2016 7/20/2016 872,882.50 0.96 3,445.31 874,251.34 861,177.63 DTD 07/20/2016 0.875% 07/19/2019 FNMA NOTES (CALLABLE) 3136G3K87 1,000,000.00 AA+ Aaa 7/19/2016 7/25/2016 999,330.00 1.20 5,113.33 999,759.05 986,903.00 DTD 07/25/2016 1.180% 07/25/2019 FNMA BENCHMARK NOTE 3135G0N33 575,000.00 AA+ Aaa 7/29/2016 8/2/2016 574,034.00 0.93 2,082.38 574,647.21 565,442.93 DTD 08/02/2016 0.875% 08/02/2019 FNMA NOTES 3135G0P49 275,000.00 AA+ Aaa 8/31/2016 9/2/2016 274,571.00 1.05 939.58 274,832.15 270,502.38 DTD 09/02/2016 1.000% 08/28/2019 FNMA NOTES 3135G0P49 600,000.00 AA+ Aaa 10/3/2016 10/5/2016 599,640.00 1.02 2,050.00 599,855.22 590,187.00 DTD 09/02/2016 1.000% 08/28/2019 FHLB GLOBAL NOTES 3130A9EP2 550,000.00 AA+ Aaa 10/3/2016 10/5/2016 549,807.50 1.01 1,451.39 549,919.47 540,477.30 DTD 09/09/2016 1.000% 09/26/2019 FHLMC NOTES (EX-CALLABLE) 3134G8PD5 1,150,000.00 AA+ Aaa 3/21/2016 3/30/2016 1,150,000.00 1.35 3,924.38 1,150,000.00 1,134,050.65 DTD 03/30/2016 1.350% 09/30/2019 FEDERAL HOME LOAN BANK NOTES 3130ACM92 1,750,000.00 AA+ Aaa 10/12/2017 10/13/2017 1,746,902.50 1.59 5,104.17 1,747,988.20 1,727,904.50 DTD 10/13/2017 1.500% 10/21/2019 FFCB NOTES (CALLABLE) 3133EFKY2 1,300,000.00 AA+ Aaa 10/19/2015 10/28/2015 1,297,959.00 1.40 3,094.00 1,299,311.47 1,281,070.70 DTD 10/28/2015 1.360% 10/28/2019
PFM Asset Management LLC Account ****0480 37 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
Federal Agency Bond / Note
FFCB NOTES (CALLABLE) 3133EFZT7 1,000,000.00 AA+ Aaa 2/11/2016 2/24/2016 1,000,000.00 1.40 4,938.89 1,000,000.00 979,616.00 DTD 02/24/2016 1.400% 02/24/2020 FNMA NOTES 3135G0T29 630,000.00 AA+ Aaa 2/24/2017 2/28/2017 629,596.80 1.52 3,228.75 629,774.91 619,353.00 DTD 02/28/2017 1.500% 02/28/2020 FHLB NOTES 313378J77 1,000,000.00 AA+ Aaa 5/9/2016 5/10/2016 1,027,970.00 1.13 5,625.00 1,012,526.58 988,751.00 DTD 03/02/2012 1.875% 03/13/2020 FNMA NOTES 3135G0T60 750,000.00 AA+ Aaa 8/31/2017 9/1/2017 750,195.00 1.49 4,718.75 750,142.07 732,963.00 DTD 08/01/2017 1.500% 07/30/2020 FFCB NOTES (CALLABLE) 3133EGPP4 1,100,000.00 AA+ Aaa 8/4/2016 8/5/2016 1,100,055.00 1.36 6,150.22 1,100,000.00 1,069,831.40 DTD 08/03/2016 1.360% 08/03/2020 FNMA BENCHMARK NOTE 3135G0F73 1,000,000.00 AA+ Aaa 9/15/2016 9/16/2016 1,011,560.00 1.22 1,291.67 1,006,709.80 973,267.00
DTD1 10/19/2015 1.500% 11/30/2020 FANNIE MAE NOTES 3135G0U27 775,000.00 AA+ Aaa 4/12/2018 4/13/2018 773,845.25 2.55 4,197.92 773,926.03 770,898.70 DTD 04/13/2018 2.500% 04/13/2021
Security Type Sub-Total 16,480,000.00 16,535,918.55 1.36 68,627.61 16,500,704.92 16,227,984.89
Corporate Note
WELLS FARGO & COMPANY CORP 94974BFU9 350,000.00 A- A2 3/10/2016 3/15/2016 351,431.50 1.99 1,425.52 350,381.97 348,026.35 NOTE DTD 04/22/2014 2.125% 04/22/2019 GOLDMAN SACHS GRP INC CORP NT 38141GVT8 300,000.00 BBB+ A3 4/21/2016 4/26/2016 299,808.00 2.02 1,100.00 299,946.59 297,924.90 (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 GOLDMAN SACHS GRP INC CORP NT 38141GVT8 45,000.00 BBB+ A3 4/20/2016 4/25/2016 44,874.90 2.10 165.00 44,965.19 44,688.74 (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 CITIGROUP INC CORP NOTES 172967KS9 135,000.00 BBB+ Baa1 6/2/2016 6/9/2016 134,929.80 2.07 184.50 134,977.64 133,918.38 DTD 06/09/2016 2.050% 06/07/2019 APPLE INC CORP NOTES 037833CB4 350,000.00 AA+ Aa1 7/28/2016 8/4/2016 349,650.00 1.13 1,572.08 349,871.74 345,048.20 DTD 08/04/2016 1.100% 08/02/2019
PFM Asset Management LLC Account ****0480 38 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
Corporate Note
IBM CREDIT CORP NOTE 44932HAA1 670,000.00 A+ A1 9/5/2017 9/8/2017 669,490.80 1.66 3,477.95 669,696.54 661,534.55 DTD 09/08/2017 1.625% 09/06/2019 PEPSICO, INC CORP NOTES 713448DJ4 125,000.00 A+ A1 10/3/2016 10/6/2016 124,981.25 1.36 407.81 124,992.02 122,926.75 DTD 10/06/2016 1.350% 10/04/2019 ORACLE CORP NOTE 68389XAX3 1,000,000.00 AA- A1 4/14/2016 4/15/2016 1,031,570.00 1.32 5,187.50 1,011,678.83 994,774.00 DTD 07/08/2014 2.250% 10/08/2019 WAL-MART STORES INC CORP NOTE 931142DY6 405,000.00 AA Aa2 10/11/2017 10/20/2017 404,991.90 1.75 1,614.38 404,994.17 400,847.54 DTD 10/20/2017 1.750% 10/09/2019 HONEYWELL INTERNATIONAL CORP 438516BQ8 240,000.00 A A2 10/23/2017 10/30/2017 239,812.80 1.84 732.00 239,874.75 237,010.32 NOTES DTD 10/30/2017 1.800% 10/30/2019 HONEYWELL INTERNATIONAL CORP 438516BQ8 300,000.00 A A2 3/28/2018 3/29/2018 296,187.00 2.62 915.00 296,794.60 296,262.90 NOTES DTD 10/30/2017 1.800% 10/30/2019 AMERICAN EXPRESS CREDIT 0258M0EC9 400,000.00 A- A2 1/31/2017 2/3/2017 396,960.00 1.99 1,152.22 398,506.76 393,797.20 (CALLABLE) CORP DTD 10/31/2016 1.700% 10/30/2019 AMERICAN HONDA FINANCE 02665WBZ3 350,000.00 A+ A2 11/13/2017 11/16/2017 349,804.00 2.03 933.33 349,864.51 345,978.85 DTD 11/16/2017 2.000% 11/13/2019 GENERAL ELEC CAP CORP GLOBAL 36962G6P4 800,000.00 A A1 8/23/2016 8/26/2016 825,288.00 1.12 933.33 811,212.76 791,208.00 NOTES DTD 12/12/2012 2.100% 12/11/2019 GOLDMAN SACHS GROUP 38145GAJ9 400,000.00 BBB+ A3 12/19/2016 12/22/2016 398,448.00 2.44 460.00 399,230.39 395,828.80 (CALLABLE) INC BONDS DTD 12/13/2016 2.300% 12/13/2019 CITIGROUP INC (CALLABLE) CORP 172967LF6 375,000.00 BBB+ Baa1 1/4/2017 1/10/2017 374,850.00 2.46 4,364.06 374,922.38 370,788.38 NOTE DTD 01/10/2017 2.450% 01/10/2020 JPMORGAN CHASE & CO (CALLABLE) 46625HKA7 750,000.00 A- A3 6/15/2017 6/20/2017 752,827.50 2.10 7,406.25 751,689.76 740,352.75 DTD 01/23/2015 2.250% 01/23/2020
PFM Asset Management LLC Account ****0480 39 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
Corporate Note
MORGAN STANLEY CORP BONDS 61747YDW2 375,000.00 BBB+ A3 1/31/2017 2/3/2017 378,243.75 2.35 4,251.04 376,737.71 372,276.75 DTD 01/27/2015 2.650% 01/27/2020 MICROSOFT CORP NOTES 594918BV5 360,000.00 AAA Aaa 1/30/2017 2/6/2017 359,758.80 1.87 2,682.50 359,869.94 355,399.92 DTD 02/06/2017 1.850% 02/06/2020 AMERICAN HONDA FINANCE 02665WBM2 350,000.00 A+ A2 2/13/2017 2/16/2017 349,503.00 2.05 2,663.89 349,727.42 345,317.00 DTD 02/16/2017 2.000% 02/14/2020 AMERICAN EXPRESS CREDIT 0258M0EE5 215,000.00 A- A2 2/28/2017 3/3/2017 214,776.40 2.24 1,550.39 214,873.57 212,179.20 (CALLABLE) NOTE DTD 03/03/2017 2.200% 03/03/2020 WALT DISNEY COMPANY CORP 25468PDP8 145,000.00 A+ A2 3/1/2017 3/6/2017 144,962.30 1.96 918.94 144,978.61 142,597.50 NOTES DTD 03/06/2017 1.950% 03/04/2020 HSBC USA INC NOTES 40428HPR7 490,000.00 A A2 3/27/2018 3/29/2018 483,757.40 3.03 3,710.39 484,566.35 484,277.29 DTD 03/05/2015 2.350% 03/05/2020 TOYOTA MOTOR CORP NOTES 89236TCF0 1,000,000.00 AA- Aa3 7/8/2016 7/13/2016 1,031,540.00 1.27 6,509.72 1,014,791.94 987,960.00 DTD 03/12/2015 2.150% 03/12/2020 JOHN DEERE CAPITAL CORP NOTES 24422ETQ2 315,000.00 A A2 3/10/2017 3/15/2017 314,754.30 2.23 2,079.00 314,858.45 311,238.90 DTD 03/15/2017 2.200% 03/13/2020 GOLDMAN SACHS GROUP INC CORP 38148LAA4 100,000.00 BBB+ A3 3/5/2018 3/7/2018 99,312.00 2.94 491.11 99,413.52 99,056.40 NOTES DTD 01/23/2015 2.600% 04/23/2020 GOLDMAN SACHS GROUP INC CORP 38148LAA4 130,000.00 BBB+ A3 11/1/2017 11/3/2017 130,980.20 2.28 638.44 130,723.56 128,773.32 NOTES DTD 01/23/2015 2.600% 04/23/2020 UNILEVER CAPITAL CORP BONDS 904764AV9 175,000.00 A+ A1 5/2/2017 5/5/2017 174,441.75 1.91 490.00 174,653.11 172,026.23 DTD 05/05/2017 1.800% 05/05/2020 INTEL CORP NOTES 458140AZ3 400,000.00 A+ A1 5/8/2017 5/11/2017 399,848.00 1.86 1,027.78 399,904.73 393,742.80 DTD 05/11/2017 1.850% 05/11/2020 INTEL CORP NOTES 458140AZ3 250,000.00 A+ A1 3/28/2018 3/29/2018 246,075.00 2.62 642.36 246,541.06 246,089.25 DTD 05/11/2017 1.850% 05/11/2020
PFM Asset Management LLC Account ****0480 40 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
Corporate Note
GENERAL DYNAMICS CORP 369550BA5 645,000.00 A+ A2 5/8/2018 5/11/2018 642,716.70 3.06 2,575.52 642,871.67 644,298.89 DTD 05/11/2018 2.875% 05/11/2020 APPLE INC BONDS 037833CS7 400,000.00 AA+ Aa1 5/4/2017 5/11/2017 399,592.00 1.84 1,000.00 399,744.32 393,222.40 DTD 05/11/2017 1.800% 05/11/2020 HOME DEPOT INC CORP NOTES 437076BQ4 355,000.00 A A2 5/24/2017 6/5/2017 354,794.10 1.82 461.50 354,866.43 348,614.62 DTD 06/05/2017 1.800% 06/05/2020 WALT DISNEY COMPANY CORP 25468PDU7 750,000.00 A+ A2 6/1/2017 6/6/2017 749,130.00 1.84 975.00 749,434.94 733,248.75 NOTES DTD 06/06/2017 1.800% 06/05/2020 JOHN DEERE CAPITAL CORP NOTES 24422ETS8 150,000.00 A A2 6/19/2017 6/22/2017 149,908.50 1.97 73.13 149,939.16 146,755.65 DTD 06/22/2017 1.950% 06/22/2020 AMERICAN HONDA FINANCE CORP 02665WBT7 170,000.00 A+ A2 7/17/2017 7/20/2017 169,828.30 1.98 1,482.54 169,881.43 166,473.18 NOTES DTD 07/20/2017 1.950% 07/20/2020 WELLS FARGO & COMPANY NOTES 94974BGM6 1,600,000.00 A- A2 7/8/2016 7/13/2016 1,660,096.00 1.63 18,373.33 1,631,222.32 1,579,683.20 DTD 07/22/2015 2.600% 07/22/2020 BNY MELLON CORP NOTE 06406HDD8 425,000.00 A A1 2/16/2018 2/21/2018 422,913.25 2.81 4,113.06 423,208.14 420,761.48 (CALLABLE) DTD 08/17/2015 2.600% 08/17/2020 CATERPILLAR FINL SERVICE NOTE 14913Q2A6 580,000.00 A A3 9/5/2017 9/7/2017 579,512.80 1.88 3,487.25 579,642.89 564,809.80 DTD 09/07/2017 1.850% 09/04/2020 AMERICAN EXP (CALLABLE) CREDIT 0258M0DX4 200,000.00 A- A2 3/28/2018 3/29/2018 197,718.00 3.09 1,545.56 197,948.71 197,501.20 CORP NOTE DTD 09/14/2015 2.600% 09/14/2020 CITIGROUP INC CORP NOTES 172967KB6 250,000.00 BBB+ Baa1 9/22/2017 9/26/2017 252,780.00 2.27 1,196.18 252,110.62 246,610.25 DTD 10/26/2015 2.650% 10/26/2020 CITIGROUP INC CORP NOTES 172967KB6 225,000.00 BBB+ Baa1 3/28/2018 3/29/2018 222,536.25 3.10 1,076.56 222,775.61 221,949.23 DTD 10/26/2015 2.650% 10/26/2020 CITIGROUP INC CORP NOTES 172967KB6 115,000.00 BBB+ Baa1 10/31/2017 10/31/2017 116,154.60 2.30 550.24 115,903.56 113,440.72 DTD 10/26/2015 2.650% 10/26/2020
PFM Asset Management LLC Account ****0480 41 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
Corporate Note
AMERICAN EXPRESS CO CORP 025816BP3 300,000.00 BBB+ A3 10/23/2017 10/30/2017 299,610.00 2.25 1,118.33 299,694.86 293,095.50 (CALLABLE) NOTE DTD 10/30/2017 2.200% 10/30/2020 JOHNSON & JOHNSON CORP NOTE 478160CH5 185,000.00 AAA Aaa 11/8/2017 11/10/2017 184,802.05 1.99 511.06 184,843.44 181,959.16 DTD 11/10/2017 1.950% 11/10/2020 APPLE INC 037833DJ6 125,000.00 AA+ Aa1 11/6/2017 11/13/2017 124,895.00 2.03 333.33 124,916.66 122,701.75 DTD 11/13/2017 2.000% 11/13/2020 PACCAR FINANCIAL CORP NOTES 69371RN85 245,000.00 A+ A1 11/6/2017 11/13/2017 244,977.95 2.05 669.67 244,982.50 239,102.61 DTD 11/13/2017 2.050% 11/13/2020 VISA INC (CALLABLE) CORP NOTES 92826CAB8 200,000.00 A+ A1 8/25/2017 8/30/2017 202,200.00 1.85 207.78 201,640.65 196,751.60 DTD 12/14/2015 2.200% 12/14/2020 JOHN DEERE CAPITAL CORP NOTES 24422ETZ2 350,000.00 A A2 1/3/2018 1/8/2018 349,818.00 2.37 3,952.57 349,846.30 343,864.50 DTD 01/08/2018 2.350% 01/08/2021 BRANCH BANKING & TRUST 05531FAZ6 100,000.00 A- A2 3/5/2018 3/7/2018 97,968.00 2.89 895.83 98,182.87 97,250.10 (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 BRANCH BANKING & TRUST 05531FAZ6 380,000.00 A- A2 11/16/2017 11/20/2017 378,024.00 2.32 3,404.17 378,389.89 369,550.38 (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 BRANCH BANKING & TRUST 05531FAZ6 485,000.00 A- A2 10/23/2017 10/26/2017 484,776.90 2.17 4,344.79 484,816.61 471,662.99 (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 IBM CORP CORP NOTES 44932HAG8 300,000.00 A+ A1 2/1/2018 2/6/2018 299,853.00 2.67 3,202.08 299,872.01 297,156.90 DTD 02/06/2018 2.650% 02/05/2021 AMERICAN HONDA FINANCE 02665WCD1 475,000.00 A+ A2 2/12/2018 2/15/2018 474,335.00 2.70 4,755.28 474,415.75 470,084.23 DTD 02/15/2018 2.650% 02/12/2021 PACCAR FINANCIAL CORP NOTES 69371RN93 200,000.00 A+ A1 4/4/2018 4/6/2018 199,570.00 2.88 1,928.89 199,605.69 198,268.80 DTD 02/27/2018 2.800% 03/01/2021 PACCAR FINANCIAL CORP NOTES 69371RN93 295,000.00 A+ A1 2/22/2018 2/27/2018 294,855.45 2.82 2,845.11 294,871.78 292,446.48 DTD 02/27/2018 2.800% 03/01/2021
PFM Asset Management LLC Account ****0480 42 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
Corporate Note
JOHN DEERE CAPITAL CORP NOTES 24422EUD9 700,000.00 A A2 3/8/2018 3/13/2018 699,524.00 2.90 6,037.50 699,569.75 694,862.00 DTD 03/13/2018 2.875% 03/12/2021 CATERPILLAR FINANCIAL SERVICES 14913Q2G3 400,000.00 A A3 3/12/2018 3/15/2018 399,784.00 2.92 3,415.56 399,804.44 397,661.20 CORP NOTE DTD 03/15/2018 2.900% 03/15/2021 NATIONAL RURAL UTIL COOP 63743HER9 150,000.00 A A2 3/28/2018 3/29/2018 149,730.00 2.96 1,510.42 149,754.45 148,884.15 DTD 02/26/2018 2.900% 03/15/2021 NATIONAL RURAL UTIL COOP 63743HER9 405,000.00 A A2 2/21/2018 2/26/2018 404,550.45 2.94 4,078.13 404,602.29 401,987.21 DTD 02/26/2018 2.900% 03/15/2021 UNILEVER CAPITAL CORP NOTES 904764AZ0 800,000.00 A+ A1 3/19/2018 3/22/2018 795,912.00 2.93 6,050.00 796,273.25 793,706.40 DTD 03/22/2018 2.750% 03/22/2021 HOME DEPOT INC CORP NOTES 437076BL5 250,000.00 A A2 4/5/2018 4/9/2018 244,050.00 2.84 1,250.00 244,489.55 243,949.25 DTD 02/12/2016 2.000% 04/01/2021 UNITED PARCEL SERVICE 911312BP0 520,000.00 A+ A1 11/9/2017 11/14/2017 519,178.40 2.10 2,665.00 519,323.32 507,232.44 CORPORATE BOND DTD 11/14/2017 2.050% 04/01/2021 TOYOTA MOTOR CREDIT CORP CORP 89236TEU5 275,000.00 AA- Aa3 4/10/2018 4/13/2018 274,890.00 2.96 1,757.71 274,897.66 273,582.93 NOTES DTD 04/13/2018 2.950% 04/13/2021 BANK OF NEW YORK MELLON CORP 06406FAA1 500,000.00 A A1 2/16/2018 2/21/2018 493,505.00 2.93 2,638.89 494,229.98 490,798.50 (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 MORGAN STANLEY CORP NOTES 61746BEA0 600,000.00 BBB+ A3 2/13/2018 2/15/2018 589,920.00 3.06 2,916.67 591,080.41 586,012.80 DTD 04/21/2016 2.500% 04/21/2021 HERSHEY COMPANY CORP NOTES 427866BA5 405,000.00 A A1 5/3/2018 5/10/2018 404,720.55 3.12 1,778.63 404,733.50 405,454.41 DTD 05/10/2018 3.100% 05/15/2021 STATE STREET CORP NOTES 857477AV5 525,000.00 A A1 4/2/2018 4/4/2018 509,906.25 2.92 1,194.38 511,034.83 508,610.03 DTD 05/19/2016 1.950% 05/19/2021 CHARLES SCHWAB CORP CORP 808513AW5 510,000.00 A A2 5/17/2018 5/22/2018 509,984.70 3.25 1,795.63 509,985.16 512,037.96 NOTES DTD 05/22/2018 3.250% 05/21/2021
PFM Asset Management LLC Account ****0480 43 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
Corporate Note
BRANCH BANKING & TRUST CORP 05531FBD4 185,000.00 A- A2 5/31/2018 6/5/2018 184,779.85 3.24 427.56 184,785.84 184,415.22 NOTES DTD 06/05/2018 3.200% 09/03/2021 BANK OF AMERICA CORP (CALLABLE) 06051GGS2 295,000.00 A- A3 9/22/2017 9/26/2017 294,528.00 2.37 1,716.90 294,614.10 288,394.07 DTD 09/18/2017 2.328% 10/01/2021 BANK OF AMERICA CORP (CALLABLE) 06051GGS2 480,000.00 A- A3 9/13/2017 9/18/2017 480,000.00 2.33 2,793.60 480,000.00 469,251.36 DTD 09/18/2017 2.328% 10/01/2021 BANK OF AMERICA CORP (CALLABLE) 06051GGS2 100,000.00 A- A3 3/5/2018 3/7/2018 97,669.00 3.02 582.00 97,867.53 97,760.70 DTD 09/18/2017 2.328% 10/01/2021 BANK OF AMERICA CORP (CALLABLE) 06051GGS2 100,000.00 A- A3 10/31/2017 10/31/2017 99,802.00 2.38 582.00 99,835.25 97,760.70 DTD 09/18/2017 2.328% 10/01/2021 JPMORGAN CHASE & CO CORP 46647PAS5 500,000.00 A- A3 6/11/2018 6/18/2018 500,000.00 3.51 634.47 500,000.00 500,385.00 NOTES DTD 06/18/2018 3.514% 06/18/2022
Security Type Sub-Total 28,505,000.00 28,579,658.40 2.27 168,590.30 28,507,750.69 28,125,861.87
Certificate of Deposit
SVENSKA HANDELSBANKEN NY LT 86958JHB8 1,500,000.00 A-1+ P-1 1/10/2017 1/12/2017 1,500,000.00 1.91 13,545.00 1,500,000.00 1,493,485.50 CD DTD 01/12/2017 1.890% 01/10/2019 BANK OF MONTREAL CHICAGO CERT 06427KRC3 1,000,000.00 A-1 P-1 2/8/2017 2/9/2017 1,000,000.00 1.90 7,520.00 1,000,000.00 998,137.00 DEPOS DTD 02/09/2017 1.880% 02/07/2019 SUMITOMO MITSUI BANK NY CD 86563YVN0 1,500,000.00 A-1 P-1 5/3/2017 5/4/2017 1,500,000.00 2.05 5,039.58 1,500,000.00 1,493,622.00 DTD 05/04/2017 2.050% 05/03/2019 SKANDINAV ENSKILDA BANKEN NY 83050FXT3 1,525,000.00 A+ Aa2 8/3/2017 8/4/2017 1,524,405.25 1.85 11,613.72 1,524,675.66 1,511,843.83 CD DTD 08/04/2017 1.840% 08/02/2019 MUFG BANK LTD/NY CERT DEPOS 06539RGM3 875,000.00 A A1 9/25/2017 9/27/2017 875,000.00 2.07 13,936.56 875,000.00 866,250.88 DTD 09/27/2017 2.070% 09/25/2019
PFM Asset Management LLC Account ****0480 44 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
Certificate of Deposit
CREDIT SUISSE NEW YORK CERT 22549LFR1 975,000.00 A A1 2/7/2018 2/8/2018 975,000.00 2.67 10,340.69 975,000.00 974,963.93 DEPOS DTD 02/08/2018 2.670% 02/07/2020 NORDEA BANK AB NY CD 65590ASN7 975,000.00 AA- Aa3 2/20/2018 2/22/2018 975,000.00 2.72 9,503.00 975,000.00 969,856.88 DTD 02/22/2018 2.720% 02/20/2020 UBS AG STAMFORD CT LT CD 90275DHG8 975,000.00 A+ Aa2 3/2/2018 3/6/2018 975,000.00 2.93 9,189.38 975,000.00 978,205.80 DTD 03/06/2018 2.900% 03/02/2020 CANADIAN IMP BK COMM NY FLT 13606BVF0 1,075,000.00 A+ A1 4/6/2018 4/10/2018 1,075,000.00 2.78 6,702.98 1,075,000.00 1,074,997.85 CERT DEPOS DTD 04/10/2018 2.737% 04/10/2020 CREDIT AGRICOLE CIB NY FLT CERT 22532XHT8 1,075,000.00 A A1 4/6/2018 4/10/2018 1,075,000.00 2.85 6,874.38 1,075,000.00 1,076,187.88 DEPOS DTD 04/10/2018 2.807% 04/10/2020 BANK OF NOVA SCOTIA HOUSTON CD 06417GU22 1,175,000.00 A+ A1 6/5/2018 6/7/2018 1,174,553.50 3.10 2,412.67 1,174,567.93 1,181,520.08 DTD 06/07/2018 3.080% 06/05/2020 WESTPAC BANKING CORP NY CD 96121T4A3 1,370,000.00 AA- Aa3 8/3/2017 8/7/2017 1,370,000.00 2.05 11,234.00 1,370,000.00 1,348,318.38 DTD 08/07/2017 2.050% 08/03/2020 SWEDBANK (NEW YORK) CERT 87019U6D6 875,000.00 AA- Aa2 11/16/2017 11/17/2017 875,000.00 2.30 2,537.99 875,000.00 856,728.25 DEPOS DTD 11/17/2017 2.270% 11/16/2020 ROYAL BANK OF CANADA NY CD 78012UEE1 1,475,000.00 AA- A1 6/7/2018 6/8/2018 1,475,000.00 3.24 3,053.25 1,475,000.00 1,485,381.05 DTD 06/08/2018 3.240% 06/07/2021
Security Type Sub-Total 16,370,000.00 16,368,958.75 2.44 113,503.20 16,369,243.59 16,309,499.31
Asset-Backed Security / Collateralized Mortgage Obligation
CARMX 2018-2 A2 14314XAB5 200,000.00 AAA NR 5/31/2018 6/4/2018 200,023.44 2.72 242.67 200,023.39 199,811.94 DTD 04/25/2018 2.730% 08/15/2021 NISSAN ABS 2017-B A3 65478GAD2 575,000.00 NR Aaa 6/22/2018 6/26/2018 565,611.33 2.74 447.22 565,627.59 565,834.62 DTD 08/23/2017 1.750% 10/15/2021
PFM Asset Management LLC Account ****0480 45 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
Asset-Backed Security / Collateralized Mortgage Obligation
FORD ABS 2017-B A3 34531HAD1 275,000.00 AAA Aaa 5/23/2018 5/24/2018 269,886.72 2.77 206.56 269,997.15 270,521.46 DTD 06/27/2017 1.690% 11/15/2021 HAROT 2018-1 A3 43814UAC3 575,000.00 AAA Aaa 6/6/2018 6/8/2018 571,922.85 2.94 674.67 571,924.61 572,001.55 DTD 02/28/2018 2.640% 02/15/2022 HAROT 2018-2 A3 43814UAG4 370,000.00 AAA NR 5/22/2018 5/30/2018 369,991.93 3.01 402.17 369,992.32 370,455.25 DTD 05/30/2018 3.010% 05/18/2022 HART 2018-A A3 44891KAD7 345,000.00 AAA Aaa 4/10/2018 4/18/2018 344,948.04 2.80 427.80 344,950.42 343,857.05 DTD 04/18/2018 2.790% 07/15/2022 BANK OF AMERICA ABS 2017-A1 A1 05522RCW6 575,000.00 NR Aaa 6/11/2018 6/13/2018 565,880.86 2.73 498.33 565,880.86 566,202.21 DTD 03/30/2017 1.950% 08/15/2022 TAOT 2018-B A3 89238TAD5 910,000.00 AAA Aaa 5/9/2018 5/16/2018 909,986.44 2.96 1,197.16 909,986.90 910,151.70 DTD 05/16/2018 2.960% 09/15/2022 AMXCA 2018-1 A 02582JHQ6 825,000.00 NR Aaa 3/14/2018 3/21/2018 824,904.22 2.68 979.00 824,909.84 822,816.56 DTD 03/21/2018 2.670% 10/17/2022 FORDO 2018-A A3 34528FAD0 1,075,000.00 AAA NR 5/15/2018 5/22/2018 1,074,826.17 3.04 1,447.67 1,074,830.13 1,076,174.44 DTD 05/22/2018 3.030% 11/15/2022 ALLYA 2018-2 A3 02004VAC7 770,000.00 NR Aaa 4/24/2018 4/30/2018 769,860.17 2.93 999.29 769,864.59 769,488.03 DTD 04/30/2018 2.920% 11/15/2022 ALLYA 2018-3 A3 02007JAC1 600,000.00 AAA Aaa 6/19/2018 6/27/2018 599,958.96 3.09 200.00 599,959.09 599,958.96 DTD 06/27/2018 3.000% 01/15/2023 HYUNDAI AUTO RECEIVABLES TRUST 44931PAE6 178,000.00 AAA NR 5/31/2018 6/4/2018 174,711.17 2.87 165.34 174,726.48 174,365.60 DTD 03/29/2017 2.090% 04/15/2023
Security Type Sub-Total 7,273,000.00 7,242,512.30 2.89 7,887.88 7,242,673.37 7,241,639.37
Managed Account Sub Total 117,904,364.44 117,784,445.93 2.05 496,989.62 117,681,138.80 116,478,034.64
Money Market Mutual Fund
CAMP Pool 65,635,880.36 AAAm NR 65,635,880.36 0.00 65,635,880.36 65,635,880.36
Money Market Sub Total 65,635,880.36 65,635,880.36 0.00 65,635,880.36 65,635,880.36
PFM Asset Management LLC Account ****0480 46 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Portfolio Holdings
Securities Sub-Total $183,540,244.80 $183,420,326.29 2.05% $496,989.62 $183,317,019.16 $182,113,915.00
Accrued Interest $496,989.62
Total Investments $182,610,904.62 Bolded items are forward settling trades. 90
PFM Asset Management LLC Account ****0480 47 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Appendix
GLOSSARY
à ACCRUED INTEREST: Interest that is due on a bond or other fixed income security since the last interest payment was made.
à AGENCIES: Federal agency securities and/or Government-sponsored enterprises.
à AMORTIZED COST: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.
à BANKERS’ ACCEPTANCE: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.
à COMMERCIAL PAPER: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.
à CONTRIBUTION TO DURATION: Represents each sector or maturity range’s relative contribution to the overall duration of the portfolio measured as a percentage weighting. Since duration is a key measure of interest rate sensitivity, the contribution to duration measures the relative amount or contribution of that sector or maturity range to the total rate sensitivity of the portfolio. 91
à DURATION TO WORST: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years, computed from cash flows to the maturity date or to the put date, whichever results in the highest yield to the investor.
à EFFECTIVE DURATION: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.
à EFFECTIVE YIELD: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compounding on investment returns, while ominal yield does not.
à FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.
à INTEREST RATE: Interest per year divided by principal amount and expressed as a percentage.
à MARKET VALUE: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.
à MATURITY: The date upon which the principal or stated value of an investment becomes due and payable.
à NEGOTIABLE CERTIFICATES OF DEPOSIT: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.
à PAR VALUE: The nominal dollar face amount of a security.
PFM Asset Management LLC Account ****0480 49 For the Quarter Ended June 30, 2018 EAST BAY REGIONAL PARK DISTRICT Appendix
GLOSSARY
à PASS THROUGH SECURITY: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is the mortgage-backed security.
à REPURCHASE AGREEMENTS: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.
à SETTLE DATE: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments and maturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.
à TRADE DATE: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.
à UNSETTLED TRADE: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place.
à U.S. TREASURY: The department of the U.S. government that issues Treasury securities.
à YIELD: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis. 92
à YTM AT COST: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time period from purchase date to maturity, stated as a percentage on an annualized basis.
à YTM AT MARKET: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis.
PFM Asset Management LLC Account ****0480 50 Page Left Blank Intentionally
93 Attachment C
EAST BAY REGIONAL PARK DISTRICT INVESTMENT REPORT For Period Ending 6/30/2018
Total Cash/Investments by Type $378,322,530
Checking/Sweep 7,484,176.47 Money Market Funds 2% $30,723 0% CAMP $65,635,880 District funds held in 17% Trust $124,931,881 33%
Local Agency Investment Fund (LAIF) $63,761,834 17%
Mid-term Investments $116,478,035 31%
94 ACQUISITION STEWARDSHIP DEVELOPMENT AGENDA REGULAR MEETING BOARD OF DIRECTORS
EAST BAY REGIONAL PARK DISTRICT
Tuesday, September 18, 2018
C. BUSINESS BEFORE THE BOARD
2. ACQUISITION, STEWARDSHIP AND DEVELOPMENT DIVISION
a. Authorization to Enter into an Option, Purchase and Sale Agreement and Transfer and Appropriate Funds for the Acquisition of 160± Acres of Real Property from Jerauld A. Grove, Trustee of the Jerauld A. Grove Revocable Trust dated September 1, 2011: Doolan Canyon Regional Preserve (Reeves/Nisbet)
RECOMMENDATION
The General Manager recommends that the Board of Directors authorize staff to enter into an Option, Purchase and Sale Agreement (Agreement) with Jerauld A. Grove (Seller), for acquisition of his 160± acre property, and to transfer and appropriate funds for an option payment and related acquisition costs. The subject property is located adjacent to Doolan Canyon Regional Preserve approximately three miles northwest of Livermore.
REVENUE/COST
This property may be acquired for $1,020,000, its appraised fair market value, plus acquisition costs as described below. An option payment of $10,000 will be deposited into escrow upon full execution of the Agreement and credited toward the purchase price. On or before October 3, 2018, the Park District will complete its due diligence to determine its ability to satisfy specified conditions precedent set forth in the Agreement. Upon satisfaction of these conditions precedent, $5,000 of the option payment will be released from escrow to Seller and be non- refundable to the Park District but will be applicable to the purchase price. The Park District will have until November 8, 2018 to exercise the purchase option. Thereafter, the Park District will have until November 30, 2018 to close escrow.
Funding to cover preliminary acquisition costs is proposed to be provided by Park District Measure WW acquisition funds for the Doolan Canyon allocation area.
This Board action authorizes the transfer and appropriation of Measure WW acquisition funds for the option payment and associated acquisition expenses as follows:
95 SOURCE OF FUNDS: Designated Acquisitions – Measure WW Undesignated (CIP 229900WW00) $32,300 Total Current Appropriation $32,300
USE OF FUNDS: Grove/Doolan Canyon Acquisition (CIP 249200) Option Payment $10,000 Appraisal 6,800 Phase I Environmental Site Assessment 5,500 Staff Time 10,000 Total Current Project Costs $32,300
BACKGROUND
On June 19, 2018, by Resolution No. 2018-06-136, the Board of Directors authorized staff to begin negotiations with the Seller for the purchase of the subject property. The 160± acre property is located on the northern boundary of Doolan Canyon Regional Preserve in an unincorporated area of Contra Costa County, approximately three miles northwest of Livermore and approximately one mile from the northern terminus of Doolan Road.
The property is situated in the upper reaches of Doolan Canyon. Topography varies from a moderately level valley floor that traverses the central portion of the property from east to west, to steeply sloping hills that frame the valley floor. The elevation rises from 780 feet to an 1165- foot high hilltop on the southern portion of the property. Access to the property is along ranch roads that cross through two adjacent properties including Doolan Canyon Regional Preserve to connect with the northern terminus of the County-maintained portion of Doolan Road at the Preserve’s southern entrance.
The property includes the headwaters of Cottonwood Creek, a seasonal creek that feeds the large manmade lake located within Doolan Canyon Regional Preserve. Cottonwood Creek flows from east to west across the property into a series of three stock ponds. Several trees grow along the creek, while grasslands predominate over the balance of the property. Access through the property is provided by an unimproved ranch road running along the valley floor.
The only existing structures on the property are two large metal storage sheds. There are no public utilities to the property, but water is available from two on-site wells. The property has historically been used for grazing, and it is currently grazed by a third party under a grazing lease. Continued grazing of the property under Park District ownership would be consistent with the Park District’s wildland vegetation management policies.
The property has a zoning classification of A-80 (Exclusive Agricultural District) with a General Plan designation of AL (Agricultural Lands). An independent appraisal commissioned by the Park District to determine market value concluded that the highest and best use of the property is an agricultural use with potential for one residential home site.
Staff will conduct an Acquisition Evaluation to determine the consistency of the proposed
96 acquisition with the Park District’s Master Plan and the suitability of the property as an addition to the park system for resource conservation and public recreational purposes. Pending the completion of its due diligence investigations, staff will return to the Board to present the Acquisition Evaluation and seek authorization to exercise the purchase option and acquire the property.
ALTERNATIVES
No alternatives are recommended.
97 Page Left Blank Intentionally
98 EAST BAY REGIONAL PARK DISTRICT
RESOLUTION NO.: 2018 – 09 -
September 18, 2018
AUTHORIZATION TO ENTER INTO AN OPTION, PURCHASE AND SALE AGREEMENT AND TRANSFER AND APPROPRIATE FUNDS FOR THE ACQUISITION OF 160± ACRES OF REAL PROPERTY FROM JERAULD A. GROVE, TRUSTEE OF THE JERAULD A. GROVE REVOCABLE TRUST DATED SEPTEMBER 1, 2011: DOOLAN CANYON REGIONAL PRESERVE
WHEREAS, the Board of Directors of the East Bay Regional Park District authorized negotiations with Jerauld A. Grove, Trustee of the Jerauld A. Grove Revocable Trust dated September 1, 2011 by Resolution No. 2018-06-136 adopted on June 19, 2018; and
WHEREAS, the 160± acre property may be acquired for $1,020,000, which is its appraised fair market value as supported by an independently prepared appraisal; and
WHEREAS, funds for preliminary acquisition expenses will be provided by the Park District’s Measure WW; and
WHEREAS, acquisition of the property aids in important resource protection goals by maintaining open space and protecting sensitive species habitat; and
WHEREAS, acquisition of the property may also provide future public recreational opportunities as part of Doolan Canyon Regional Preserve; and
WHEREAS, the Option, Purchase and Sale Agreement calls for a deposit of $10,000 into escrow, said deposit being applicable toward the purchase price; and
WHEREAS, under the California Environmental Quality Act (CEQA) and the Park District’s Environmental Review Manual, this action by the Board is Categorically Exempt and therefore not subject to preparation and processing of environmental documentation;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the East Bay Regional Park District hereby authorizes the General Manager to enter into the Option, Purchase and Sale Agreement with Jerauld A. Grove, Trustee of the Jerauld A. Grove Revocable Trust, dated September 1, 2011 for the purchase of the 160± acre subject property; and
BE IT FURTHER RESOLVED, that the Board hereby authorizes the transfer and appropriation of $32,300 from Measure WW Undesignated (CIP 229900WW00), utilizing acquisition funds for the Doolan Canyon allocation area, to Grove/Doolan Canyon Acquisition (CIP 249200), as shown on the attached Budget Change Form, to fund acquisition related expenses; and
99 BE IT FURTHER RESOLVED, that the General Manager is hereby authorized and directed, on behalf of the District and in its name, to execute and deliver such documents and to do such acts as may be deemed necessary or appropriate to accomplish the intentions of this resolution.
Moved by Director , seconded by Director , and adopted this 18th day of September 2018 by the following vote:
FOR:
AGAINST: ABSTAIN: ABSENT:
100 East Bay DOOLAN CANYON REGIONAL PRESERVE Vicinity Regional Park District Property: Grove [ 0 2,000 4,000 Feet APN: 006-230-002
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102 EAST BAY REGIONAL PARK DISTRICT BUDGET CHANGE FORM
NEW APPROPRIATIONS BUDGET TRANSFERS Appropriate from General Fund Between Funds X From New Revenues X Between Projects
DECREASE BUDGET ACCOUNT AMOUNT INCREASE BUDGET ACCOUNT AMOUNT Account Name: Expense: Capital Project- Account Name: Expense: Capital-Land- Land Acquisition-District Wide-Land & Doolan Canyon-Grove Property-Land- Trails-Designated Acquisitions Measure WW Bond Funds, Doolan Canyon/Tassajara Hills Acquisiton Allocation Area-Administrative costs
Account: 333-6330-000-7010/ Account: 333-7330-152-7010 / 233900 229900WW00-100 $ 22,300 WP24-100 $12,300 Account Name: Expense: Capital-Land- Doolan Canyon-Grove Property-Land- Measure WW Bond Funds, Doolan Canyon/Tassajara Hills Acquisiton Allocation Area-Option Payment
Account: 333-7330-152-7010 / 233900 WP24-110 $10,000
REASON FOR BUDGET CHANGE ENTRY: As being presented at the Board of Directors meeting on Sept.18, 2018 the General Manager recommends that the Board of Directors authorize the transfer and appropriation of $22,300 Measure WW Bond funds from the Doolan Canyon/Tassajara Hills acquisition allocation area as indicated above for an option payment on the Grove Property, project 233900. These funds augment the $10,000 Measure WW budget already appropriated by staff.
As approved at the Board of Directors Meeting on: Date: 9/18/2018 Board of Directors Resolution Number: 2018-09 Posted By: Date: Signature
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104 AGENDA REGULAR MEETING BOARD OF DIRECTORS
EAST BAY REGIONAL PARK DISTRICT
Tuesday, September 18, 2018
C. BUSINESS BEFORE THE BOARD
2. ACQUISITION, STEWARDSHIP AND DEVELOPMENT DIVISION
b. Authorization to Enter into an Option, Purchase and Sale Agreement and Transfer and Appropriate Funds for the Acquisition of 9.24± Acres of Real Property from Penelope I. Heiser, Sole Trustee of the Annette Purviance Family Trust: Round Valley Regional Preserve (Reeves/Nisbet)
RECOMMENDATION
The General Manager recommends that the Board of Directors authorize staff to enter into an Option, Purchase and Sale Agreement (Agreement) with Penelope I. Heiser (Seller) for acquisition of the 9.24± acre Purviance Family Trust property, and to transfer and appropriate funds for an option payment and related acquisition costs. The subject property is located adjacent to Round Valley Regional Preserve at 302 Lydia Lane off Marsh Creek Road near Brentwood.
REVENUE/COST
This property may be acquired for $1,000,000, its appraised fair market value, plus acquisition costs as described below. An option payment of $10,000 will be deposited into escrow upon full execution of the Agreement and credited toward the purchase price. On or before October 3, 2018, the Park District will complete its due diligence to determine its ability to satisfy specified conditions precedent set forth in the Agreement. Upon satisfaction of these conditions precedent, $5,000 of the option payment will be released from escrow to the Seller and be non- refundable to the Park District, but will be applicable to the purchase price. The Park District will have until November 9, 2018 to exercise the purchase option. Thereafter, the Park District will have until December 7, 2018 to close escrow.
Funding to cover preliminary acquisition costs is proposed to be provided by Park District Measure WW funds for the Round Valley allocation area. This Board action authorizes the transfer and appropriation of Measure WW acquisition funds for the option payment and associated preliminary acquisition costs as follows:
SOURCE OF FUNDS: Designated Acquisitions – Measure WW Undesignated (CIP 229900WW00) $31,470 Total Current Appropriation $31,470
105 USE OF FUNDS: Heiser/Round Valley Acquisition (CIP 249300WP56) Option Payment $10,000 Appraisal 4,500 Phase I Environmental Site Assessment 5,300 Property Inspection 1,160 Termite Inspection 510 Staff Time 10,000 Total Current Project Cost $31,470
BACKGROUND
The 9.24± acre Purviance Family Trust property is located adjacent to the Round Valley Regional Preserve a short distance off Marsh Creek Road in an unincorporated area of Contra Costa County, approximately two miles south of Brentwood. The property is bordered to the north by State Park lands, and to the south and west by Park District lands. The main entrance and staging area for Round Valley is located about 500 feet west of the property on Marsh Creek Road.
Over a series of purchases beginning in 1988, the Park District acquired most of the Purviance- Murphy family ranchlands to assemble the Round Valley Regional Preserve as it exists today. As part of the negotiations for the last purchase in 2000, the Park District was granted a “right of first refusal” to purchase the remaining 9.24± acre family residential property in the event the family elected to sell the property in the future. In June of this year, the trustee of the Purviance Family Trust alerted the Park District that the Trust’s beneficiaries had reached a settlement agreement to sell this remaining parcel, thereby triggering the Park District’s window of opportunity to acquire the property. On July 3, 2018, by Resolution No. 2018-07-164, the Board of Directors authorized staff to begin purchase negotiations with the Seller. With this proposed acquisition, the Park District will be exercising its right of first refusal.
The property is improved with two single-family residences and several agricultural outbuildings, and is served by rural utilities as well as two septic systems and a well. Marsh Creek runs along the southern boundary of the property for approximately ¼ mile. An old orchard with several walnut trees is located near the creek, a remnant of the past agricultural use of this land. The creek itself is lined with oaks, buckeyes, and riparian vegetation common to the region. Access to the property from Marsh Creek Road is provided by Lydia Lane, a private road that runs approximately ¼ mile before intersecting the property boundary.
The property has a zoning classification of A-3 (Heavy Agricultural) with a General Plan designation of AL (Agricultural Lands). An independent appraisal commissioned by the Park District to determine market value concluded that the highest and best use of the property is its continued use as two residential home sites.
Staff will conduct an Acquisition Evaluation to determine the consistency of the proposed acquisition with the Park District’s Master Plan and the suitability of the property as an addition
106 to the park system for resource conservation and public recreational purposes. Pending the completion of its due diligence investigations, staff will return to the Board to present the Acquisition Evaluation and seek authorization to exercise the purchase option and acquire the property.
ALTERNATIVES
No alternatives are recommended.
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108 EAST BAY REGIONAL PARK DISTRICT
RESOLUTION NO.: 2018 – 09 -
September 18, 2018
AUTHORIZATION TO ENTER INTO AN OPTION, PURCHASE AND SALE AGREEMENT AND TRANSFER AND APPROPRIATE FUNDS FOR THE ACQUISITION OF 9.24± ACRES OF REAL PROPERTY FROM PENELOPE I. HEISER, SOLE TRUSTEE OF THE ANNETTE PURVIANCE FAMILY TRUST: ROUND VALLEY REGIONAL PRESERVE
WHEREAS, the Board of Directors of the East Bay Regional Park District authorized negotiations with Penelope I. Heiser, Sole Trustee of the Annette Purviance Trust, by Resolution No. 2018-07-164 adopted on July 3, 2018; and
WHEREAS, the 9.24± acre property may be acquired for $1,000,000, which is its appraised fair market value as supported by an independently prepared appraisal; and
WHEREAS, funds for preliminary acquisition expenses will be provided by the Park District’s Measure WW for the Round Valley allocation area; and
WHEREAS, acquisition of the property will serve to preserve an approximately ¼ mile of the Marsh Creek riparian corridor, remove a private inholding, and provide a more logical northern boundary to Round Valley Regional Preserve; and
WHEREAS, the Option, Purchase and Sale Agreement calls for a deposit of $10,000 into escrow, said deposit being applicable toward the purchase price; and
WHEREAS, under the California Environmental Quality Act (CEQA) and the Park District’s Environmental Review Manual, this action by the Board is Categorically Exempt and therefore not subject to preparation and processing of environmental documentation;
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the East Bay Regional Park District hereby authorizes the General Manager to enter into the Option, Purchase and Sale Agreement with Penelope I. Heiser, Sole Trustee of the Annette Purviance Trust, for the purchase of the 9.24± acre subject property; and
BE IT FURTHER RESOLVED, that the Board hereby authorizes the transfer and appropriation of $31,470 from Measure WW Undesignated (CIP 229900WW00), utilizing acquisition funds for the Round Valley allocation area, to Heiser/Round Valley Acquisition (CIP 249300WP56), as shown on the attached Budget Change Form, to fund acquisition related expenses; and
109 BE IT FURTHER RESOLVED, that the General Manager is hereby authorized and directed, on behalf of the Park District and in its name, to execute and deliver such documents and to do such acts as may be deemed necessary or appropriate to accomplish the intentions of this resolution.
Moved by Director , seconded by Director , and adopted this 18th day of September 2018 by the following vote:
FOR:
AGAINST: ABSTAIN: ABSENT:
110 CCWD East Bay ROUND VALLEY REGIONAL PRESERVE [ Vicinity Regional Park District Property: Penelope I. Heiser, Trustee (9.24 +/- acre) Feet 0 1,000 2,000 APN: 007-060-020
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112 EAST BAY REGIONAL PARK DISTRICT BUDGET CHANGE FORM
NEW APPROPRIATIONS BUDGET TRANSFERS Appropriate from General Fund Between Funds X From New Revenues X Between Projects
DECREASE BUDGET ACCOUNT AMOUNT INCREASE BUDGET ACCOUNT AMOUNT Account Name: Expense: Capital Project- Account Name: Expense: Capital-Land- Land Acquisition-District Wide-Land & Round Valley-Heiser Property-Measure Trails-Designated Acquisitions WW Round Valley Acquisiton Allocation Area-Administrative costs
Account: 333-6330-000-7010/ Account: 333-7330-117-7010 / 249300 229900WW00-100 $ 23,470 WP56-100 $13,470 Account Name: Expense: Capital-Land- Round Valley-Heiser Property-Measure WW Round Valley Acquisiton Allocation Area-Option Payment
Account: 333-7330-117-7010 / 249300 WP56-110 $10,000
REASON FOR BUDGET CHANGE ENTRY: As being presented at the Board of Directors meeting on Sept.18, 2018 the General Manager recommends that the Board of Directors authorize the transfer and appropriation of $22,300 Measure WW Bond funds from the Doolan Canyon/Tassajara Hills acquisition allocation area as indicated above for an option payment on the Grove Property, project 233900. These funds augment the $10,000 Measure WW budget already appropriated by staff.
As approved at the Board of Directors Meeting on: Date: 9/18/2018 Board of Directors Resolution Number: 2018-09 Posted By: Date: Signature
T:\BOARDCLK\BOARD MATERIAL\2018\16- September 18, 2018\S DRIVE\C-2-b ASD 249300 Heiser Property 113 BOARD AND STAFF REPORTS AGENDA REGULAR MEETING BOARD OF DIRECTORS
EAST BAY REGIONAL PARK DISTRICT
Tuesday, September 18, 2018
C. BUSINESS BEFORE THE BOARD
3. BOARD AND STAFF REPORTS
a. Actions Taken by Other Jurisdictions Affecting the Park District (Doyle)
City of Antioch –Sand Creek Focus Area Initiative and Voter Approval of Urban Limit Line
On August 28, 2018, the Antioch City Council voted to adopt the Initiative to Change General Plan Designations within the Sand Creek Focus Area and Permanently Require Voter Approval of Amendments to Urban Limit Line. The City Council adopted another West Sand Creek Open Space Protection initiative that amended the Antioch General Plan to establish two overlay land use designations west of Deer Valley Road on July 27, 2018. Both initiatives preserve open space between Black Diamond Mines Regional Preserve and Deer Valley Road. The most recent initiative will reduce the number of units allowed by the General Plan in the 2,712-acre Sand Creek Focus Area to 2,100 dwelling units from 4,000 units, and require that General Plan designations of land within a defined “Initiative Area,” composed of all land within the focus area, be changed to “Rural Residential, Agriculture, Open Space.” More than 80 percent of land within the Initiative Area will be preserved as open space. Structures and roads on properties will also need to be located in ways that limit visibility from roads, parks, and public places. Finally, the initiative amends the Antioch General Plan to permanently extend the requirement that Antioch voters approve any amendment to the Urban Limit Line.
California State Coastal Conservancy – Bay Restoration Regulatory Integration Team
On September 6, 2018, the California State Coastal Conservancy Board of Directors authorized funding up to $1,250,000 to the U.S. Army Corps of Engineers, U.S. Fish and Wildlife Service, National Marine Fisheries Service, California Department of Fish and Wildlife, San Francisco Bay Conservation and Development Commission, and San Francisco Bay Regional Water Control Board to operate the Bay Restoration Regulatory Integration Team (BRRIT) for five years. The BRRIT consists of an interagency team of dedicated staff working together to coordinate agency processing of permit applications to make the process more efficient. The objective of BRRIT is to accelerate the pace of wetland restoration in the San Francisco Bay by improving the permitting process for multiple benefit wetland restoration projects and associated flood management and public access projects in the Bay. On June 1, 2018, the San Francisco Bay Restoration Authority authorized expenditure of $650,000 annually for the next five years to support BRRIT operation.
114 The conservancy’s contribution, along with funding from two to three other public agencies, such as the Park District, will enable the BRRT to start operating in a timely manner. Additionally, Proposition 68 includes $20 million allocated to the conservancy to match projects funded by the San Francisco Bay Restoration Authority, and Proposition 68 is expected to be the source of the conservancy funding for BRRIT. The Park District has not yet made any final recommendation regarding the level of contribution vs. benefit, however will bring forward a recommendation to the Board in the near future as part of the budget process.
115 Event Calendar September 2018 Board Meeting Date: September 18, 2018
Date Day Time Event Location Sponsoring Organization
9/21/18 Friday 9 a.m. – 12 p.m. Equinox Walk Briones EBRPD Who Built the Sibley 9/23/18 Sunday 10 a.m. – 1 p.m. Labyrinth Sibley EBRPD
116 9/29/18 Saturday 12 – 3p.m. All Abilities Day Shadow Cliffs EBRPD
9/29/18 Saturday 10 a.m. – 12 p.m. All Abilities Birding MLK, Jr Shoreline EBRPD Nature Party – Bay 9/30/18 Sunday 10:30 a.m. – 11:30 a.m. Critters Crab Cove EBRPD
9/30/18 Sunday 3:30 – 4:30 p.m. Jewel Lake Goat Walk Tilden Nature Area EBRPD GM COMMENTS AGENDA REGULAR MEETING BOARD OF DIRECTORS
EAST BAY REGIONAL PARK DISTRICT
Tuesday, September 18, 2018
C. BUSINESS BEFORE THE BOARD
4. GENERAL MANAGER’S COMMENTS
STAFF PRESENTATION Assistant Finance Officer Michelle Strawson O’Hara will present an overview of the District- wide services provided by the Finance Department, highlighting innovations, and accomplishments achieved over the past few years.
GM COMMENTS Operations Division Interpretive and Recreation Services Department Community Outreach: On July 10, the Community Outreach Intern presented Community Needs Assessment findings to Southeast Interpretive Sector residents. The Needs Assessment identified interpretive and recreational programming interests, and barriers to accessing parks.
Cultural Services: On August 15, staff conducted a historical review of the Casey property (Byron Vernal Pools) and salvaged key historic artifacts in the lead-up to demolition of unsafe structures.
Northwest Region Coyote Hills: On July 19, over 300 people attended the What’s Brewin’ in the Parks event, sponsored by the Regional Park Foundation. Guests attended from neighboring businesses and enjoyed self-guided and naturalist-led activities, as well as beer from Drakes Brewery.
Crab Cove: On July 13, in collaboration with the Save the Redwoods League, approximately 22 docents from throughout the Park District received training in Climate Change and Phenology in the Redwoods at Roberts Regional Park. As part of the July Board of Directors field trip, Directors Waespi, Wieskamp, Corbett, Dotson, and Coffey observed the program in session.
Mobile Education: On August 11, the Mobile Fish Exhibit, the Mobile Visitor Center, and Park District Ambassadors participated in the Richmond Homefront Festival and Rosie Rally at the Craneway Pavilion in Richmond, serving over 480 visitors.
Outdoor Recreation: On August 3-5, staff led community partner YES/Nature to Neighborhoods on an annual overnight camping trip in Tilden Regional Park. Over 50 family members from the city of Richmond attended.
117 Tilden Nature Area: On August 4, over 300 people enjoyed the Regional Park Foundation- sponsored What’s Brewin’ in the Parks event at Point Pinole Regional Shoreline. The event featured naturalist-led activities, games, and beer from Drakes Brewery.
Southeast Region Ardenwood Historic Farm: On August 10 and 11, Interpretive and Outdoor Recreation staff led a Family Campout event, an example of the department’s successful joint program model. Approximately 42 attendees, and many first-time campers, enjoyed learning camping skills, hiking at night, and touring the farm.
Big Break Visitor Center: On July 11, staff led a tour of the visitor center for Congressman Jerry McNerney and Oakley City Councilwoman Sue Higgins.
Black Diamond: On August 3, staff hosted delegates from Antioch’s sister city, Chichibu, Japan. A group of 31 people, including delegates, host families, Antioch Mayor Sean Wright, and Director Colin Coffey, participated in a walking tour of the Somersville townsite and enjoyed an extended mine tour.
Community Services & Volunteers: On July 21, Volunteer Program staff and the AWP Supervisor hosted 24 Outward Bound students for a group volunteer project at Anthony Chabot Regional Park.
Sunol: On July 14, staff hosted 28 participants for the Night Out at Sunol event. This evening event featured bat monitoring, night hikes, and activities to discover phosphorescent animals.
Park Operations Department Recreation Unit Diablo Foothills: On July 13, two female Peregrine Falcons fledged their nest. During July, staff monitored the area and educated the public about the importance of the site closure.
Kennedy Grove: During late July, staff enhanced the entrance of rental facility Fern Cottage by planting 20 native ginger plants, and shrubs, adjacent to the new ADA railing.
YEP (Youth Employment Program): During the month of July, staff at Coyote Hills led a YEP crew on a walk, and spoke about the indigenous people of California.
Parkland Unit Regional Parks Botanic Garden: On July 9, staff were trained to use Physan, a disinfectant used for cleaning and controlling the spread of Phytophthora water molds. This is part of an ongoing effort to upgrade facilities to protect the garden's collection from infection.
Shoreline Unit Martinez: On July 10, park staff attended the statewide Committee for Oil Spills event at the Shell Clubhouse in Martinez. Staff presented on Oil Spill Prevention and Response (OSPR), and provided information regarding prevention of oil spills and protection of fish and wildlife.
118 Interpretive Parklands Black Diamond: On July 11 and 25, staff supervised six volunteers from Contra Costa Advocacy Respect Commitment (ARC) to remove invasive plants. Contra Costa ARC enhances the lives of children with special needs and adults with intellectual and developmental disabilities.
Deer Valley: On July 12, staff led nine volunteers from the Orinda Hiking Club to remove 200 feet of old fencing.
Delta Unit East County Trails: In mid-July, staff completed the Measure J Pavement Project at the Big Break and Marsh Creek trails within Oakley and Brentwood. The public response has been positive since completing project.
Lakes Unit Shadow Cliffs: On July 18, a group of 26 children between the ages of one and seven attended the program How Does Our Garden Grow. The children left with a small amount of soil and some seeds to start their own garden at home.
Maintenance and Skilled Trades Department North County Trades District-wide: Replacement of the service main backflow preventers were installed at Crown Beach, Miller Knox, and Temescal.
Tilden: Staff built a new fence around the cow barn at the Tilden Little Farm, and a concrete entrance path.
To eliminate a barrier which interfered with wheel chair access in the exhibit tunnel, the Environmental Education Center (EEC) Watershed Exhibit ramp was repaired, textured, and painted.
South County Trades Ardenwood: Staff completed repairs to the irrigation well-head system, which serves Conrad’s Field.
Del Valle: Emergency repairs were completed on a 4” potable waterline break that serves the visitor center.
Mission Peak: The Pine Avenue Trailhead at Ohlone College was equipped with a new hi-low ADA drinking fountain. The fountain provides a water source to hikers choosing to use the Ohlone entrance as an alternative to Stanford Avenue.
Water Utilities Maintenance Del Valle: The Sodium Hypochlorite (Liquid Chlorine) generator at the water treatment plant was rebuilt. The replacement of the senator cells used to convert salt water to chlorine has improved production and efficiency.
119 District-wide: Staff technicians continue to focus on seasonal operation and maintenance of swim complex recirculation/filtration systems to keep Park District pools and swim lagoons open and safe for public use.
Staff continues the process of rebuilding pumps that have been rotated out of service from wastewater pump stations and pool systems. This is part of the regular preventive maintenance cycle developed by the department to ensure reliable operations, and to have back-up pumps ready in case of system failures or breakdowns.
Roads and Trails Tilden: Staff worked with Sanitation staff to complete the installation of a new CXT flush restroom at Tilden Lone Oak Picnic Area. This work included sewer tie-in and ADA compliant parking, and concrete flat-work that serves and surrounds the new unit.
Staff improved access to the Gillespie Group Camp by rocking and grading the access road. This work will provide all-weather access for staff and the public.
Sanitation and Recycling District-wide: Staff coordinated a Recycling Task force made up of Operations Supervisors and chaired by the Shoreline Unit Manager. The task force considered ways to improve the Park District’s waste reduction programs and will be coordinating the installation of 5 new 3-stream waste bins at multiple Park District locations.
Staff met with a District Management Analyst to discuss new District-wide waste tracking procedures and the possibility of using a waste tracking software.
Las Trampas: Staff completed emergency repairs to and serviced the septic system at the stables residence.
120 NEWSCLIPS With California fires raging, agency takes action to prevent a blaze in the East Bay hills
Thu. September 6, 2018, 1:15pm by Cirrus Wood Photo: East Bay Regional Parks District/Facebook
With fires still burning statewide after a record- breaking summer, many Oaklanders are wondering what is being done to reduce the risk of fires starting in — and spreading from — the East Bay hills, where deadly blazes have cropped up in the past.
The East Bay Regional Park District (EBRPD) first adopted its fuel management plan in 2010, with the intention of keeping fires from starting and spreading in the hills.
The plan identifies several key areas where a fire could make the jump from public lands to neighborhoods, most notably Claremont Canyon, Leona Canyon, and Sibley Volcanic Regional Preserve. It aims to reduce the amount of tinder in those locations that could feed a blaze.
“We know that there will be fires," said Brad Gallup, acting assistant fire chief with EBRPD. "But [this plan is] doing something to help mitigate the effects of those fires ... Some of that is eucalyptus removal, some is brush removal, some is general fuel reduction."
Gallup describes fuel reduction in the East Bay hills as a three-pronged approach. The first stage is thinning, or increasing the distance between trees. The second is 'ladder fuel reduction,' which involves removing low-hanging branches and underbrush that make it easy for fire to climb from the ground to the canopy.
Finally, there's 'surface fuel reduction,' which aims to reduce the risk of grass fires through mowing, controlled burns, and grazing by cattle and goats.
Photo: East Bay Regional Park District/Facebook
Both the 1991 Oakland firestorm, which killed 25 people, and last fall's North Bay fires, which killed 44, began in fuel-dense wildlands, then quickly spread to densely populated urban areas. Last year, some homes and a school in the Oakland hills had to be evacuated due to a grass fire, which was quickly extinguished.
According to Gallup, local residents are critical to the success of EBRPD’s own efforts. He recommends residents practice fire management at home by removing debris, cleaning gutters of collected leaf litter, removing flammable materials from under decks, and clearing
121 vegetation from where it comes in contact with the house. He especially advises clearing access points for fire crews.
“This is probably the most important thing homeowners can do to minimize the chance of fire, and to maximize the chance for firefighters to get access to their homes and put fires out,” he said.
Visitors to the parks also have a role to play. Gallup encourages parkgoers to pay attention to signage regarding fire danger and to not have barbecues during high-danger days. He also advises visitors to call 911 without delay at the first sign of smoke.
Photo: California State Parks
With more than 120,000 acres of open space in the East Bay Regional Park District, there’s a lot of land to oversee, and only a crew of around 40 to do it.
The EBRPD's fire prevention work is funded by the agency's own general funds, by grants, by Oakland Measure CC funding, and by the Federal Emergency Management Agency (FEMA).
“We do have several projects funded by FEMA scheduled to happen over the next five to ten years, some of which is eucalyptus thinning and some of which is brush work,” said Gallup.
Gallup acknowledges that not everyone is on board with how the EBRPD practices fuel reduction. Both the Hills Conservation Network and the Sierra Club have opposed some fuel reduction efforts in the past, on the grounds of the agency's work being either insufficient or overbearing.
“We understand that some people might not like to see the work done, but most people do,” said Gallup. “It’s important to help people understand why we’re doing it. It’s to protect people’s lives and property."
"We’re trying to prevent disastrous fires from occurring."
122 Danville: Museum to highlight 'Native Californians and the Anza Expedition' Fall exhibit explores lives of Native Americans and Spanish settlers Uploaded: Tue, Sep 4, 2018, 3:26 pm by Ryan J. Degan
The Museum of the San Ramon Valley's fall exhibit explores the lives of the Native Americans who called California home, and the Spanish settlers who interacted with them. (Photo courtesy the Museum of the San Ramon Valley)
Officials from the Museum of the San Ramon Valley have announced that their fall exhibit “Native Californians and the Anza Expedition" will feature displays on the Indigenous people native to California, as well as the colonization efforts of the Spanish Empire in the Bay Area.
Now open, the Anza Expedition display tells the story of the journey taken by Spanish colonials from Culiacan, Mexico to San Francisco -- a distance of approximately 1,800 miles. In 1776 approximately 240 settlers, many of them children, and 1,000 livestock took the journey by foot and covered wagon, through the untamed west.
Using existing trade trails the settlers traveled through at least 23 identified Native American territories, interacting and trading with the peoples along the way. These interactions would have unintended consequences as these meetings ultimately meant diseases would decimate the native peoples and the region would change forever as more and more colonists settle the area, according to museum officials.
Museum staff say the expedition -- the first major overland Spanish colonizing effort of its kind -- was a pivotal achievement in the European settlement of early California and spelled disaster for the native population.
Today the National Park Service manages the Juan Bautista de Anza National Historic Trail, recognizing it from Nogales, Ariz., to the San Francisco Bay.
A map provided by the National Park Service, will show this route as well as the tribes the expedition encountered along the way. Attendees will also have the opportunity to identify the Native Americans who populated the East Bay, with material provided by the East Bay Regional Park District.
123 Various displays date back over 5,000 years and showcase the diverse lives and cultures that developed among North America’s native peoples, in addition to the cultural similarities that came about through trade and periodic gatherings. The exhibit also includes realistic replicas of tools and weapons made from stone, shell and fiber as well as the foods, games, hunting and gathering practices that were common for the time.
Additionally, Sacramento’s California Indian Heritage Center Foundation has loaned four original paintings by artists of Native American descent, which visitors will be able to see hung prominently in the museums waiting room.
The exhibit is replacing the museum's previous display “Totally Trains,” which featured a large selection of model trains from the early to mid-1900s to today.
Native Californians and the Anza Expedition opened Tuesday, and while it closes Oct. 28, exhibits detailing the lives of Indigenous Americans will be open until Nov. 11. The museum is located in the restored Southern Pacific depot, 205 Railroad Ave. in Danville, hours are Tuesdays through Fridays 1 to 4 p.m. and Sundays noon to 3 p.m.
124 Park It: Hayward apple fest fun way to start harvest season By NED MACKAY | East Bay Regional Park District PUBLISHED: September 2, 2018 at 5:00 am | UPDATED: September 3, 2018 at 5:23 am Jane Tyska/staff archives Lynn James, left, of Hayward, and her mom Shirley Jewell, seated to James’ right, attend a previous Garin Apple Festival at Garin Regional Park in Hayward. The festival will return to the park on Sept. 8 this year and include sampling of rare apple varieties, live music, dancing, old- fashioned games and lots of family-friendly fun.
Summer is coming to a close, but there’s still plenty to see and do in the East Bay Regional Park District. For example, sampling of rare apple varieties, live music, dancing, old- fashioned games and lots of family- friendly fun are all on tap at the Garin Apple Festival from noon to 4 p.m. Sept. 8 at Garin Regional Park in Hayward.
The park has an orchard of apple varieties no longer generally available, tended by a group of dedicated volunteers. Festival activities are centered at the park’s Red Barn Visitor Center, which has displays and activities evoking the area’s farming and ranching history. Garin Regional Park is at the end of Garin Avenue off Mission Boulevard. Parking costs $5 per vehicle, but the festival is free. For information, call 510-544-3220.
Fremont: At Coyote Hills Regional Park in Fremont, naturalist Dino Labiste plans a series of five “skills of the past” programs, involving techniques used for millennia by the Ohlone culture. The first is a two-session basket-making program. From 10 a.m. to noon Sept. 9, the group will gather tule reeds, a basic component of Native American baskets.
Then from 9 a.m. to 4:30 p.m. Sept. 16, the group will use the material to create a twined basket. There’s a fee of $15 for the program ($17 for nondistrict residents). Registration is required. To register, call 888-327-2757. Select option 2 and refer to program number 22600.
Other programs will cover fire making on Sept. 30, cordage on Oct. 6, acorn processing on Oct. 13 and shell necklaces on Oct. 27. Coyote Hills is at the end of Patterson Ranch Road in Fremont. For more information, call 510-544-3220.
Oakland: The only known surviving “old growth” redwood tree in the East Bay is on an inaccessible slope in the Oakland hills. You can get a view of it during a 5-mile hike through Leona Canyon and beyond from 9:30 a.m. to 12:30 p.m. Sept. 9, led by naturalist Michael Charnofsky. A bonus is the view of five bridges that cross San Francisco Bay. The hike is for ages 9 and older. No bathrooms are available. Meet at the Canyon Oaks parking area. It’s off Keller Drive near the corner of Canyon Oaks and Campus Drives. For information, call 510- 544-3187.
125 Alameda: Crab Cove Visitor Center in Alameda offers Family Nature Fun programs from 2 to 3 p.m. every Saturday and Sunday. There’s a different topic each time, including nature exploration and hands-on activities. The center is at 1252 McKay Ave. off Alameda’s Central Avenue. For information, call 510-544-3187.
Berkeley: A nature ramble led by naturalist “Trail Gail” Broesder is on the agenda from 2 to 3 p.m. Sept. 8 at Tilden Nature Area near Berkeley. It’s an easy walk to Jewel Lake in search of signs of wildlife. Meet Gail at Tilden’s Environmental Education Center, which is at the north end of Central Park Drive.
Gail also has scheduled a series of “Welcome to Autumn Walks” to look for signs of fall. The first is from 9 a.m. to noon Sept. 8 at Briones Regional Park. Meet Gail at the Alhambra Staging Area. It’s on Reliez Valley Road between Martinez and Pleasant Hill. For information on either program, call 510-544-2233.
Oakley: Two great programs are on the calendar at Big Break Regional Shoreline in Oakley. Watercolor artists can gain skills in a painting session from 2 to 3 p.m. Sept. 8. And “Stories of the Night Sky” is the topic of naturalist Cat Taylor’s family campfire program from 6:30 to 8 p.m. Sept. 9. Bring a picnic dinner, join in nature exploration and save room for s’mores, that gooey, delicious campfire standard. Big Break is at 69 Big Break Road off Oakley’s Main Street. For information, call 888-327-2757, ext. 3050.
Online: This is just a sample of what’s upcoming in the regional parks. For the full story, check out the district website at www.ebparks.org.
Ned MacKay writes a regular column about East Bay Regional Park District sites and activities. Email him at [email protected].
126 Grazing in the Regional Parks for Vegetation Management
Aug 31, 2018 | By Carol Benfell
Regional Parks contracts with Aaron Gilliam of Sweetgrass Grazing
There may be drought and wildfires and political despair, but decades after people thought they were gone forever, wildflowers are blossoming again in a corner of Petaluma’s Helen Putnam Park. Sheep grazing tasty morsels
It’s been a sheep solution: Carefully controlled grazing has eliminated many of the non-native, invasive plants that were choking out flowers and native grasses.
Not only that, the sheep have created a significant fire break because the same invasive plants that choke out wildflowers are fast-burning fuel for wildfires.
“A lot of California native grasslands species are choked out by the very same European grasses that provide flash fuels for wildfires,” said Melanie Parker, deputy director and natural resources manager for Sonoma County Regional Parks.
“Restoring grazing controls these invasive grasses, allowing the native plants to express themselves again. Grazing also rebuilds the soil, so it holds moisture and recharges the aquifer,” Parker said. “We are restoring a whole ecological system, and that’s what’s exciting about this project.”
The park system oversees more than 11,000 acres, 56 parks and open spaces, and 150 miles of trails. Sheep grazing has been so successful at Helen Putnam Regional Park that officials want to extend it to other parks as well.
“You can go to Helen Putnam and see native grasses and wildflowers we haven’t seen in decades,” Parker said. “We would definitely like to expand the program, and we would add goats to the mix.”
Other parks have had equally good results: The National Park Service used goats to chomp down overgrown ivy and blackberry at Fort Mason in San Francisco. The U.S. Fish and Wildlife Service is permitting grazing on the Santa Rosa plains to protect endangered plant and animal species. The East Bay Regional Park District in Oakland grazes cattle, sheep and
127 goats on about 80,000 of its 120,000 acres to reduce fire risk and improve habitat for native plants and wildlife.
Sebastopol Foam
“Grazing is our primary tool for management of vegetation,” said Denise Defreese, wildland vegetation program manager for the East Bay Regional Park District. “It’s the most economical way to manage vegetation for fuel reduction and maintain habitat for federally and state listed (endangered) species.”
Grazing works well because it mimics the ancient landscape in which native plants evolved, a time when prehistoric grass grazers—mammoths, camels, antelopes and elk—nibbled down grasses and broke up the soil with their hooves as they moved.
Lupine
So Regional Parks is reintroducing grazing—highly controlled and tightly managed. Animals graze for a short time, then are moved away, giving the land time to recover. During times of rest, new plants take root, perennial plants sprout, nutrients are absorbed, and roots loosen compacted soils. Grazing is cost-effective because it reduces the need for both herbicides and mowing.
“It costs too much to do the mowing that’s needed, and equipment itself can cause sparks and is a potential ignition source for a fire. We’d like to replace the mowing equipment and expand the number of acres we graze,” Parker said.
Sonoma County Regional Parks already allows cattle grazing by private ranchers at Tolay Lake, Taylor Mountain, Crane Creek and North Sonoma Mountain regional parks.
Three years ago, parks officials introduced sheep at Helen Putnam Park, a 216-acre wilderness park southwest of Petaluma. This year, grazing was added on 34 acres along the Laguna de Santa Rosa Trail.
“The project has to balance the need to reduce fuels and fires with managing to increase biological diversity,” Parker said. “We’re monitoring closely to make sure we’re achieving both those ends.”
At Putnam park, the results of careful grazing are becoming clear, and officials have high hopes for the Laguna trail as well.
“We’re seeing some really lovely Lupinei n the firebreaks we’ve grazed at Putnam and lots of tall perennial grasses,” Parker said. “We are planning annual monitoring of endangered Sebastopol Meadowfoam and hope to see more plants in the spring.”
128 Regional Parks contracts with Sweetgrass Grazing in Petaluma for the work. Aaron Gilliam, who has a degree in Environmental Studies from UC Santa Barbara, is the company owner – and its entire staff. Aaron Gilliam of Sweetgrass Grazing
Gilliam rents the sheep from nearby ranchers and keeps them in an electric netting paddock while they graze. He and his two herding dogs, Isha and Ulli, stay with the sheep as much as 24 hours a day, and move the flock from place to place almost daily. Each of Gilliam’s 280 sheep will eat five to seven pounds of grass a day, as well as weeds and other broad-leaf plants.
He usually works 12 hours a day, 10 days at a stretch, making sure the sheep are safe and have plenty of water. He also monitors what they eat: If the grass is too dry and lacks nutrition, he must supplement their diet.
It’s not a job for the faint of heart. Gilliam gets poison oak regularly, and battles ticks, wasps and spiders while watching out for rattlesnakes and gopher holes.
“What makes it worthwhile to me is that I can go to bed at night believing that my niece and nephew will inherit a slightly better world than the one I inherited. At least that’s the hope,” Gilliam said.
A measure on the November ballot, if approved by voters, would allow Regional Parks to more quickly expand sheep grazing to other parks, including Gualala Point, Carrington Ranch, Foothill, Shiloh Ranch, Sonoma Valley and Cloverdale River regional parks.
The Sonoma County Parks Improvement, Water Quality, and Fire Safety Measure would impose a one-eighth-cent tax on sales countywide for a 10-year period, the equivalent of 12 cents on $100. The measure is expected to generate $11.5 million annually, $7.6 million a year going to Regional Parks and $3.8 million a year going to the county’s nine cities.
129 PG&E, Lafayette tree-removal opponents gear up for meeting
By JON KAWAMOTO | [email protected] | Bay Area News Group August 31, 2018 at 6:01 am
Hundreds of trees in Lafayette, including some along the Lafayette-Moraga Trail, are slated to be cut down as part of PG&E’s Community Pipeline Safety Initiative. A special community meeting is set Sept. 10 in Lafayette to address safety concerns with the project. (Jennifer Modenessi/Staff archives)
LAFAYETTE — PG&E and the grassroots organization devoted to saving trees from being uprooted for the utility’s pipeline project are preparing to present their cases before a special Lafayette City Council meeting on Sept. 10.
Pacific Gas & Electric has plans to remove 113 trees on public property in Lafayette and 245 trees in Briones Regional Park as part of its $500 million Community Pipeline Safety Initiative. The utility says the statewide project is intended to clear trees, brush and structures that could pose hazards for first responders to get to natural gas transmission lines in an emergency or disaster.
PG&E spokesman Jeff Smith said he hopes that after the Sept. 10 meeting, “We will have a better idea on when this important safety work will begin.”
However, Michael Dawson, who founded Save Lafayette Trees with wife Gina Dawson, is looking at the meeting “as one step in a much larger engagement moving forward,” and said PG&E needs to work on rebuilding trust in Lafayette.
He said Save Lafayette Trees and residents will be at the meeting “to remind the City Council that enacting real gas pipeline safety is the No. 1 priority, and that tree removal is destructive, unnecessary and distracting from many safety improvements.”
Dawson noted that there are more than 150 separate concerns submitted by residents for the Sept. 10 meeting. Topics include: safety risk, tree roots, first-responder access, pipeline testing and patrolling, exposed pipelines, valves and other infrastructure.
PG&E has been working on the pipeline project in Contra Costa County since 2014 and has completed work in more than 26 communities, according to Smith, who could not say how many trees that have been cut down in the county. Lafayette is the last city in the county where tree-cutting is planned.
130 Smith said that since May 2017, the utility has held various outreach efforts with the community, including information booths at the Lafayette Reservoir and along the Lafayette-Moraga Regional Trail, public meetings, open houses and going door-to-door to meet with residents. Smith said the utility has heard from more than 200 residents, and has provided hundreds of written responses to concerns.
In March 2017, the Lafayette City Council approved an agreement with PG&E to remove the trees, including those along the Lafayette-Moraga Regional Trail and the Lafayette Reservoir Rim Trail. In June 2017, Save Lafayette Trees sued and sought to rescind the approval.
Save Lafayette Trees contended that cutting down the trees would not improve public safety and argued that the city did not evaluate the environmental impacts of uprooting the trees.
In December 2017, Contra Costa County Superior Court Judge Steven Austin dismissed the lawsuit. The ruling was appealed, and in June, Save Lafayette Trees won a judgment that it is not responsible for the city’s costs stemming from the original lawsuit.
Save Lafayette Trees has also sued the East Bay Regional Park District over the tree-cutting agreement in Briones Regional Park.
Tree removal meeting
What: Special meeting of Lafayette City Council to discussing PG&E’s tree removal plan When: 4-7 p.m. Sept. 10 Where: Lafayette Library and Learning Center, Community Hall, 3491 Mount Diablo Blvd., Lafayette Details: California Public Utilities Commission members and senior Pacific Gas & Electric management officials will attend the meeting. The regular council meeting will begin at 7 p.m. Information: Lafayette city spokesman Jeff Heyman at [email protected]
131 In brief: Albany Beach restoration, public access project underway
By COMPILED BY EAST BAY TIMES | August 30, 2018 at 5:00 am
ALBANY
Areas of the Albany waterfront will be closed to the public from now through November 2019 for a beach restoration project and bay trail extension managed by the East Bay Regional Park District. Access to the Albany Bulb and Neck will remain open.
Albany Beach will be fenced and closed to the public for about five months for beach and dune restoration and expansion, which started in August. Other work areas will remain fenced and closed for the duration of construction, which is expected to take about 15 months until November 2019. In addition to the beach expansion, other project improvements include the construction of a segment of the Bay Trail between Buchanan and Gilman streets, parking, park furnishings and green infrastructure features. For updated construction information, please visit the East Bay Regional Park District website at www.ebparks.org. — city of Albany BERKELEY Legislature OKs Skinner’s affordable student housing bill The California Legislature has passed Senate Bill 1227 from state Sen. Nancy Skinner, D- Berkeley, that is aimed at making it easier to build much needed student housing. Dubbed “Housing Our Students,” SB 1227 would change state housing law to enable a builder of student housing to benefit from California’s density bonus law and comply with local inclusionary housing policies. Skinner’s bill now goes to Gov. Jerry Brown for his signature.
“Too many California students are having to couch-surf, commute for hours or even live in their cars,” said Skinner. “SB 1227 eases the process to build the housing our students desperately need.”
Under current state law, builders who opt to include affordable units in their residential projects are allowed to increase the total number of housing units in the project to cover the costs of the affordable units. Known as the state density bonus, this incentive allows housing developments to potentially include up to 35 percent more housing units. Many local government inclusionary ordinances also offer a density bonus to projects that include affordable housing units.
Under existing state law, it is nearly impossible to apply the density bonus to new housing that caters exclusively to students even if it includes affordable units. SB 1227 fixes these obstacles by making two changes: allowing 100 percent student serving housing projects to apply the density bonus based on the number of bedrooms or beds instead of the number
132 of housing units and allowing students to submit financial aid documents as the documentation to qualify for affordable units.
With these changes, SB 1227 creates a path to constructing new housing for students enrolled in higher education facilities throughout California and ensures that affordable student units can be included in that housing. Senate Bill 1085 retains leave time for union leaders
Skinner’s SB 1085, which would ensure that officers and stewards of public employee unions are allowed leaves of absence to perform their duties, has passed the state Legislature. The bill now awaits Gov. Brown’s for his signature.
“Workers enjoy better pay and working conditions when they are represented by a union,” said Skinner. “SB 1085 makes sure union officers can take the leave time needed to represent their fellow workers,” Skinner said.
A 2018 review by UC Berkeley found that California workers employed under a union contract earned 12.9 percent more than demographically similar workers in the same industry who did not enjoy the benefit of a union contract. The same review found that being represented by a union increased the likelihood that a worker would have employer - covered health insurance by 37 percent. — Eric Panzer, state Sen. Nancy Skinner’s office
133 August 21, 2018 News & Opinion » Feature The Social Costs of Living in Wildfire-Prone Areas
With dangerous fires becoming the norm in California, the price to pay for living in and near wooded areas can no longer be ignored.
By Alastair Bland Photo by Lance Yamamoto
According to a recent analysis, Alameda County has one of the largest numbers of housing units at risk of wildfire damage in California.
The evening sky over Oakland was beginning to turn a dusty brown as Susan Piper returned to her home in the hills after a children's birthday party with her four-and- a-half-year-old twins. It was Oct. 19, 1991, and one of the most destructive urban wildfires was just beginning.
Firefighters, in fact, contained the blaze that Saturday. The next day, though, embers reignited. By late morning, an ominous ceiling of smoke had formed over the city. The fall wind was gusty and hot. Neighbors began stirring — some standing on rooftops for a better view, others milling about in the street, many calling one another and the fire department from their landlines, hoping to learn if there was any cause for concern.
Panic erupted as a raging fire appeared over a ridge and plowed through the wooded neighborhood at the north edge of Oakland. The Piper family clambered into their two vehicles and drove down Hiller Drive and onto Tunnel Road, where bumper-to-bumper traffic stalled their escape. Flames burned on both sides of the road. Piper turned onto a side street and wound her way down the hill. A grove of eucalyptus trees above the Chabot Elementary School exploded into flames, and Piper said she could feel the melting heat from inside the car.
"I was afraid the street would take us right into the flames, but I didn't tell my daughter that," she recalled. "I said, 'We're almost out.'"
In fact, they were. The Piper family escaped, although they lost their house and most of their belongings in the Tunnel Fire, aka the Oakland firestorm, cited for years afterward as one of the most destructive wildfires in history. Nearly 3,000 homes burned and 25 people lost their lives.
Nearly three decades later, climate change and drought are hot topics in California, where wildfires have become a year-round phenomenon and a serious existential threat to millions of people — especially those who live in what is termed the wildland-urban
134 interface, or WUI, suburban zones where homes are essentially nesting in semi-wild, flammable vegetation.
Last year was the most destructive fire year in California history, following a 30-year trend of increasingly large and uncontrollable blazes. This summer, flames have been roaring statewide for months, prompting mass evacuations. And wildfires are becoming more and more expensive. Firefighting costs in July alone ate up more than a quarter of the state's fiscal year emergency budget of $442 million.
With the 2018 summer sky stained brown by smoke, it is increasingly clear that the East Bay will probably burn again. However, most fire experts and community leaders say not enough is being done to prevent the next catastrophic blaze. They want more prescribed burning to reduce fuel loads, increased funding for firefighting and wildfire research, and stricter controls on development in wooded areas.
"But that's so politically contentious — it's a line politicians walk up to but turn away from," said William Stewart, a UC Berkeley forestry and wildfire specialist.
He and others have put forth a question: As homes continue to be built in the WUI, to what extent should public resources be used to protect private properties built in known hazardous areas?
"No state spends as much as California on protecting homes in the WUI," Stewart said. He noted that firefighters must prioritize the safety of humans, "even if it means the forest has to burn."
According to a recent analysis, more than 2 million homes in California are at high or extreme risk of wildfire damage, and Alameda County has one of the largest numbers of units at risk.
Meanwhile, debate has been raging in Sacramento about how liable investor-owned utility companies such as PG&E should be for wildfires caused by their equipment. PG&E may be on the hook for as much as $15 billion after last year's wildfires, and is now undergoing an extensive retrofit of its power supply system. The utility district is replacing or upgrading thousands of miles of lines, replacing wooden power poles and trimming back vegetation around high-voltage hardware. While PG&E has an obligation to provide power for any residents who have built their homes and managed their properties to the company's fire-safety standards, the utility may also be more proactive about preemptively cutting off power when the weather creates risky wildfire conditions.
At the same time, lessening the utilities' liability could shift the burden to homeowners' insurance companies, leading to higher insurance premiums and less coverage in some areas, and to homeowners themselves in the form of higher energy bills. Although state lawmakers recently killed a proposal to lessen PG&E's liability for the time being, the issue likely won't go away.
Like many high-profile fires, the Tunnel Fire prompted local and state agencies to undertake wildfire mitigation efforts, but they didn't get very far. Thinning of eucalyptus trees — known to be highly flammable — has been slowed or halted by litigation from a local homeowners group, and a local Wildfire Prevention Assessment District — basically a vegetation clearing task force funded by city taxes — has struggled to receive voter support. Critics argue that clearing all vegetation could present its own fire risk. As
135 for building in hazardous areas, the California Department of Forestry and Fire Protection, or Cal Fire, has mapped out the state by wildfire risk for the purpose of informing county agencies in granting building permits, though this hasn't slowed development in even the highest-risk parts of the state.
"People seem to have short memories," said Sabrina Drill, a natural resources advisor for the UC Cooperative Extension, a statewide off-campus division of the university system that focuses on agriculture and natural resources. "I think people might think twice about building a home where there had just been a fire, but people seem to forget after about three years."
"I think people might think twice about building a home where there had just been a fire, but people seem to forget after about three years."
The City of Oakland recently released a draft vegetation management plan that outlines risk areas and generally describes actions that could mitigate fire hazards.
Piper, who chairs the Oakland Firesafe Council, a fire prevention advocacy group, doesn't think the long-awaited plan amounts to much. "It provides almost no detail on actual projects — just guidelines and recommendations," Piper said. "It's hot air."
She said dense groves of eucalyptus and thickets of flammable French broom are overgrown to dangerous levels throughout the hills, and that Oakland officials are essentially ignoring a looming threat.
Piper lives in a rebuilt home on the same property she occupied in 1991, and she, perhaps more than most Californians, has cause for concern. "Where fires happen once, they happen again," she said. "Just look at Lake County — they've had three fires in five years. It's been almost 30 years in the East Bay. We are overdue."
In 2017, two wildfire events in California — the North Bay fires and the Thomas Fire near Ventura — burned almost 600,000 acres of land and killed 46 people. It was California's deadliest and all-around most destructive year of wildfires, with flames consuming a total of 1.3 million acres.
The summer of 2018 has already seen some enormous blazes in Mendocino, Lake, and Napa counties, another near Yosemite, where a firefighter was killed in the line of duty, and a large and aggressive fire that threatened much of Redding in late July and killed at least seven people.
"If what we're seeing this summer is the new normal, it's imperative we act now and try and mitigate the fire risks and not just wait until the next fire happens," said Senator Bill Dodd, a Democrat from Napa who has proposed two bills that would hold utility companies — whose power lines are a frequent ignition source — to higher levels of accountability in fire prevention and damage.
A variety of factors are making fires larger and more frequent. For decades, flawed forest management policies mandated that firefighters extinguish virtually every wildfire they could. This allowed immense volumes of fuel which would have been eliminated by small semi-annual fires to build up in the state's forests. Tens of millions of trees died during and after the drought of water stress and bark beetle infestations, adding to the accumulating fuel load. Now, the long era of fire suppression is backfiring as large fires
136 consume the enormous aggregations of woody debris in blazes so large that firefighters can often only watch them burn.
The warming planet, with higher average temperatures accompanied by more extreme droughts and winters, is worsening the wildfire trend. The exceptionally wet winter of 2016-17, for example, prompted tremendous vegetation growth. Then came the hottest summer on record, with a record-setting heatwave on Labor Day weekend that dried much of California to a crisp and primed the state to explode into flames weeks later.
The fires have sparked discussion over residential development in California's woodlands. The devastating Tubbs fire, which burned through Santa Rosa last fall, came as a near repeat of the Hanly fire of 1964, which mapping analyses show occurred in almost the exact same footprint as the later disaster.
"But in 1964, almost nobody lived out there, and they lost 150 homes," said Jerry Kent, a Lafayette resident who, when he was the assistant general manager of the East Bay Regional Park District, helped local firefighters contain one section of the Tunnel Fire. "This time, they lost almost 6,000."
That's because development in the wildland-urban interface has skyrocketed — often in spite of known fire hazards. One in seven homes in California — about 2 million all told — have been built in areas deemed to be at high or extreme risk of wildfire, according to Verisk Analytics, an insurance data provider. Van Butsic, a UC Berkeley researcher who studies forestry and land use, has closely studied this. In a paper now under review for publication, he and scientist Anu Kramer, from the University of Wisconsin, describe an alarming trend of building homes in known fire-risk areas.
"We studied 30 of the largest fires since 1970," he said. On average, they found that 20 years after an inhabited area burns, not only were most of the destroyed homes rebuilt but many new homes were added — about twice as many homes in total as there were at the time of the burn.
Not only were most of the destroyed homes rebuilt but many new homes were added — about twice as many homes in total as there were at the time of the burn.
"It shows there isn't a lot of adaptation based on fire history," Butsic said. "California is in a housing crunch, and also there are tax benefits that communities see from allowing development."
For instance, the upscale Fountaingrove neighborhood in Santa Rosa that burnt to ashes in the Tubbs fire had also burnt in the 1964 Hanley fire, before it was developed. It is now being rebuilt.
When people choose to live in a known fire risk area, it seems they don't think much about it — or they're willing to take chances.
"Even in the highest-risk parts of the state, like in San Diego County, there's the chance that fire engines might be parked in front of your house once in 80 years, and people tend to think, 'I'll just roll the dice,'" Stewart said.
137 Most wildfires in California are started by human activity, said Butsic, and as the number of homes in the WUI has increased, so has the number of wildfires.
Research has shown that firefighting costs are dramatically higher if there is just a single inhabited structure in a burning area.
"The cost of firefighting skyrockets as soon as there is just one house," Butsic said. "It's not proportional, either. It's goes way up if there's one house to protect or if there are 100 houses."
He said the costs associated with protecting an area from fire plunge when there's much more housing density.
"Like where I live on the flats of Oakland, there's almost nothing to burn," he said.
The effect of this development-to-cost relationship is an inverted U-curve that illustrates the high price of allowing scattered homes in the WUI. When fires burn there, firefighting crews become obligated to guard the properties from flames.
"If there are too many homes at risk, they bring in firefighters from the Bay Area and all these other urban areas where salaries are high, and it gets very, very expensive," said Mike Kirkley, formerly a Cal Fire chief who retired nine years ago, just before the West's wildfires seemed to jump noticeably in magnitude and severity.
Costs have ballooned, too. From 2000 to midway through 2007, the state spent an average of $166 million per year on fire suppression, according to Cal Fire records. An equal length of time one decade later, ending in June 2017, saw a doubling of costs — $310 million per year. In the 2017-18 fiscal year, California spent $773 million fighting fires. In July alone, the first month of the new fiscal year, the state spent $114 million fighting wildfires.
In July alone, the first month of the new fiscal year, the state spent $114 million fighting wildfires.
Who should be covering these costs is a question many have asked. For a time, California had an effective system in place of taxing homeowners living in high-risk fire hazard zones to recoup the costs of protecting their properties. The State Responsibility Area Fire Prevention Fee was initiated in 2011 and required residents in the carefully mapped risk zone to pay the state an annual fee of $156 per habitable structure. Over the next five fiscal years, this system generated $112 million for Cal Fire for wildfire prevention and protection.
"But Republicans hated it because it was basically a tax on their constituents," Butsic said. Last July — just three months before the apocalyptic North Bay fires — Gov. Jerry Brown discontinued the program, which effectively loaded firefighting costs back onto California taxpayers.
Community-level fire prevention programs have also struggled to garner sufficient funding. For instance, only a few cities have been willing to pay for their own wildfire prevention assessment districts, as Oakland did from 1992 to 1997 and 2003 to 2013.
138 "Even fairly affluent cities in high-risk areas haven't been willing to fund these assessment districts," Stewart said.
Oakland's wildfire assessment district drew $65 per year per single-family dwelling and generated about $1.8 million annually for fire prevention measures. In 2013, voters chose to terminate the tax that funded the district, leaving the small agency to live feebly off its coffer savings before they ran out in 2016.
"I live in a relatively low-income county where these fees are controversial, but in the affluent East Bay, people really can't argue that they can't afford to support such a program," Kirkley said.
Just as Oakland did after the 1991 disaster, the City of Berkeley initiated a program to support firefighters burdened with the chore of protecting homes in highly vegetated, high-risk areas. It was started in 1997 and discontinued after several years. The city's fire department remains busy with inspections, said Keith May, the assistant chief of special operations with the Berkeley Fire Department. He said three department inspectors make about 1,300 neighborhood inspections each year of dangerous vegetation on and around private properties. Many of them result in enforcement actions, though May notes that the process of forcing a landowner to, say, trim or remove a tree is a long one.
"It can take six or eight months, and by then you're into the next fire season," he said.
Some feel California and its 58 counties, 40 million people, and countless small fire districts have been hamstrung by disorganization as agencies and leaders debate fire prevention strategies.
"It's very confusing," Kent said. "No one's in charge, not even Cal Fire, so it's a mess out here. Twenty-seven years after the Oakland fire and we still don't have a plan." He said the East Bay "is in significant trouble."
Twenty-seven years after the Oakland fire and we still don't have a plan." He said the East Bay "is in significant trouble."
To mitigate this risk, the City of Oakland, along with the Oakland Fire Department, just released a draft vegetation management plan to address vegetation-related fire hazards. The 214-page document cites overgrown problem areas and generally aims "to evaluate the specific wildfire hazard factors in the Plan Area and provide a framework for managing vegetative fuel loads."
Piper thinks Oakland officials should be providing specific, detailed plans for trimming vegetation and removing trees where needed.
"We want a vision for what a managed wildland-urban interface should look like, but the city hasn't provided one," she said.
The Oakland Fire Department declined to comment, and the city did not respond to an email request.
Andrea Pook, a spokesperson with the East Bay Municipal Utility District, said her agency uses grazing animals — cows, horses, and goats — to trim vegetation, specifically
139 for the purpose of controlling potentially dangerous fuel loads. She said the district's rangers are trained in wildfire response protocol, including "live fire training," and that they consult routinely with Cal Fire, surrounding county governments, and the Moraga- Orinda Fire District on wildfire prevention and firefighting measures. Hillsides burned by wildfire may be vulnerable to rapid erosion, which can impact water quality in streams and lakes.
"Our main focus with these measures is to protect the East Bay's water supply," Pook said.
While Gov. Brown signed an executive order accompanied by $96 million in May to ramp up forest management and restoration projects, including more prescribed burns, Stewart said he isn't impressed by the state's actions in the wake of last year's fires. The 2018 budget was finalized just weeks after the record-sized Thomas Fire, which killed one person, was extinguished.
"The new budget gave Cal Fire 60 new firefighters and a fire and fuel specialist," Stewart said. "That's all they got after last year."
He said society tends to be concerned about wildfires during and immediately after high-profile catastrophic events. However, the attention is often short-lived and doesn't generate change before the next fire strikes.
"It's surprisingly hard to get investments in fire prevention strategies, even after the scale of the fires we just had," Stewart said.
PG&E, however, is spending about $1 million per mile of power line to replace or upgrade infrastructure that passes through high-fire risk areas. The utility company maintains about 81,000 overhead circuit miles of lines in California, with about 7,100 miles passing through what Cal Fire classifies as "Tier 3" — extreme fire risk areas. Much of the East Bay hills, the Santa Cruz Mountains, and the North Bay are deemed Tier 3.
A longtime employee in the company's electric department who spoke to the Express on the condition of anonymity said the upgrade work will take about 15 years to complete at a target pace of some 400 miles per year. Overhead power lines, which are generally bare copper, are either being moved underground or replaced with coated wires that resist sparking when struck by tree limbs. Because protected lines are heavier, this will require the replacement of hundreds of thousands of utility poles.
"In my 33 years with the company I have never seen such an organized effort to install so much insulated covered tree wire, heavy-duty poles, and protective equipment for the electric system," the PG&E employee said. "The infrastructure being installed is unprecedented. We are now installing multiple times the amount of infrastructure a year from previous years, and we have never been at such a rapid pace of tree removal and trimming."
Arborists are helping direct the tree trimming and removal work, the source said. Just recently, a beekeeper was called to remove a colony of honeybees that had built a hive on a power pole.
140 "That's just one example of the effort we're taking to minimize environmental impacts," the employee said.
Scores of weather stations are being installed throughout the company's service area. These will measure such conditions as temperature, relative humidity, and wind speed and allow the company's system managers to determine if and when to shut off power as a protective measure against wildfires. The utility company recently announced a new protocol for turning off a region's electricity when weather conditions develop — especially strong winds — that could start a wildfire along a powerline.
The source noted that PG&E is "in a delicate situation" of trying to deliver power to customers, many of whom live deep in the woods, "while being good stewards to the forest."
While the average size and severity of wildfires grows, there is little serious talk in California of restricting building in the wildland-urban interface.
"Local governments aren't very excited about telling people how or where to build their homes," Stewart said. "These are elected officials, and they would be telling their constituents what to do on private property."
But this hands-off approach to governing private land doesn't apply everywhere. In 2016, researcher Susan Kocher spent nine months on sabbatical in Provence, the arid region of southern France that resembles much of inland California. Here, Kocher — the Central Sierra Natural Resources Advisor for the UC Cooperative Extension — compared building patterns in high-fire risk parts of California and France.
"In California we often say, 'We should be able to tell people they can't build here,'" said Kocher, whose research, coauthored with Butsic, was published in March of 2017 in the journal Land. "In France, they just tell people they can't build somewhere."
"In California we often say, 'We should be able to tell people they can't build here,'" said Kocher. "In France, they just tell people they can't build somewhere."
Kocher and Butsic observed that the French government tends to be more involved in building regulations. Building in very high-risk areas has been prohibited, and in exceptional cases properties can be expropriated "if displacing people whose life is threatened by a risk proves to be the only solution at an acceptable cost," they wrote in their report.
By contrast, many local officials in California have ignored fire hazards and allowed risky development, said Kocher and Butsic. For example, after the Oakland hills firestorm, a state law was passed requiring mapping of high-risk fire areas. Although the City of Oakland strengthened its building and fire-prevention codes by placing more regulations on the separation of buildings, ventilation criteria, and other fire-mitigation measures, they also permitted rebuilding of nearly all the destroyed homes, allowing many of them to increase in size. "Such disregard for fire hazard by local authorities is more difficult in France," the authors wrote. In general, California seems to lag in government oversight of fire-safe building, and it's
141 likely there are too many at-risk homes for public agencies to reliably inspect for safety codes and protect from fires. This puts the onus on homeowners to manage their own properties — something millions of the state's homeowners probably don't do adequately.
Photo by Lance Y amamoto
Susan Piper, who chairs the Oakland Firesafe Council, doesn’t think the city is doing enough to prevent another catastrophic wildfire.
While destructive wildfires, in theory, help illustrate problems with standard building codes, Stewart noted that they don't necessarily lead to improvements in the regulation systems that govern homebuilding.
"After a fire, there tends to be very little interest in making new regulations or doing anything that makes it harder for people to rebuild," he explained.
Gov. Brown did at least mention the issue at a recent press conference in Redding, as the Carr Fire burned close by.
"We've got to reexamine how we manage our forests, build our houses, how we build them and where we build them, and how much we invest in fire protection services," he said.
However, county agencies are reportedly expediting permitting processes for rebuilding after last year's North Bay fires, especially if submitted plans replicate what was there before. Stewart said lawsuits against PG&E — widely blamed for starting the Wine Country firestorm — are likely to produce cash rewards for fire victims, but not soon enough to protect communities with higher-standard structures.
"By the time the lawsuits are finished, the homes will be rebuilt, and it'll look like 1990 again," he said.
"By the time the lawsuits are finished, the homes will be rebuilt, and it'll look like 1990 again," he said.
Many housing developments in the WUI were built decades ago and do not meet current fire safety standards. Many have roads too narrow for fire engines.
"Up in the East Bay hills, some of those roads are so narrow and winding that I do think evacuation would still be a problem," Butsic said.
Some communities have just one road in and no second escape route. Some older subdivisions have no public water, which means firefighting vehicles must haul it in. The explosion in WUI development has come with stricter property codes — like the defensible space rule that, since 2005, has required that homeowners keep 100 feet of space surrounding their properties relatively clear of vegetation fuels, especially in the first 30 feet. Many modern homes are built of fire-resistant materials.
But even WUI developments built in compliance are not safe from the most destructive, hottest fires. Not so long ago, Stewart visited a housing development in a rural area that
142 had been built following the highest fire safety standards. Vegetation had been cleared as required, and the homes were built of fire-resistant materials.
"They even had a second road system just for firefighters," Stewart said. "I had never seen that before."
But it didn't matter. That development was the upscale Fountaingrove neighborhood in Santa Rosa, and it had just been reduced to ashes by the Tubbs fire. It was the second time the area had been overwhelmed by flames in 53 years.
Drill, with the UC Cooperative Extension, believes government should eventually, if not now, step in and impose some level of restriction on new development in areas known to be at risk of burning.
"New developments really need to be looked at more carefully, and when new areas are being proposed for development, maybe we should have to look back at 100 years of fire history first," she said.
Pook, at East Bay MUD, said she lives in a house abutting the property of the East Bay Regional Park District. She noted that somebody needs to live in the WUI.
"There's always going to be an interface — you can't prevent that," she said. In other words, somebody will be living at the edge of a city, no matter where the boundary against the wilderness is established.
Her nearby neighbor, Martin Hevezi, also lives at the boundary of East Bay MUD property. He said he recently spent $1,000 to remove dangerous brush and trees on the property surrounding his house, which was built in the 1970s. He said he sees "half- assed" efforts from the city to do the same on its own land.
"The amount of taxes we pay to live here is pretty high, and we do expect there to be a little more effort by the city" to address dangerous vegetation, he said.
But nearby roadways are lined with overgrown trees, he said, and a recent grass-cutting endeavor along the Skyline Boulevard median left the cut vegetation in place.
"The point of cutting the grass is to get the fuel out of there and away from the houses, but they just leave it," he said.
Pook pointed out that other natural phenomena, like storms, earthquakes, and floods, threaten very particular and well understood geographic and geologic zones, and that people can choose to live there or not. Pook said when she was in the market to buy a home, she opted against areas likely to be inundated by the rising ocean.
"I chose not to buy a house in Alameda because the sea level is rising, and now it turns out I'm in an area where I have to worry about wildfires," she said.
California's climate is growing warmer, and while this could eventually mean more rain, many climate scientists predict the change will result in a drier landscape. Some scientists expect the scrubby semi-desert landscape of Southern California to advance northward year by year. This might lead to less fuel on the land, though the warmer,
143 drier climate could mean a greater likelihood of vegetation catching fire. Overall, scientists predict that global warming will lead to more severe wildfires throughout California.
Demographic trends are not helping, and as more people move into semi-rural, suburban areas — especially as they seek more affordable housing away from urban centers — the odds of wildfires breaking out increase. May, with the Berkeley Fire Department, said the pressures to provide housing for the Bay Area's growing population continue to generate construction in areas at high risk of burning. A bill passed in 2016, SB 1069, removed a variety of legal barriers against property owners building second "granny" units on their properties.
Demographic trends are not helping, and as more people move into semi- rural, suburban areas — especially as they seek more affordable housing away from urban centers — the odds of wildfires breaking out increase.
"It seems to have led to more housing units, and that definitely puts a burden on firefighters and our inspectors," he said.
In their Land article, Butsic and Kocher suggest that, in California, "local governments could try to develop their own restrictions on building in fire prone areas within their jurisdictions."
"Currently, general plans [in California] must address threats from wildfire, but do not prohibit homes being built in fire prone areas," the authors wrote. "The state could strengthen the language to require local jurisdictions to limit construction in hazardous areas and mandate design criteria."
Stewart believes California's government should support more research into fire-safe building patterns and more effective vegetation management. Perhaps most importantly of all, he said, Californians must turn wildfire history into a learning experience.
"If we don't make significant investments in new ways of managing vegetation and building these housing developments in the WUI," Stewart said, "we're going to be on this hamster wheel forever."
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