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Campbell City Council

Campbell City • 2025-08-04 • 7:00 PM
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Date
Monday, August 4
Time
7:00 PM
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Meeting summary
What Happened
  • Campbell City Council - Regular Meeting met on 2025-08-04. This summary uses official minutes text and focuses on substantive outcomes rather than routine meeting procedure.
  • Public comment: There were no public comments.
Key Decisions
  • Approval of Parcel Map Including Acceptance of Street Dedication and Public Service Easements Shown on Said Map – 251 Curtner Avenue (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a resolution approving the Parcel Map and accept the street dedication and public service easements as shown on the map for the property located at...
  • 10641 Including Acceptance of Street Dedication and Public Service Easements Shown on Minutes of August 4, 2025 City Council Meeting Page 4 Said Map – 57-101 Gilman Avenue & 60 Dillon Avenue (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a resolution approving the Tract Map for Tract No.
  • 10653 Including Acceptance of Street Dedication and Public Service Easements Shown on Said Map – 320 Virginia Avenue (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a resolution approving the Tract Map for Tract No.
  • Accept the City Facilities Roof Replacement Project – FY 2024 (24-TT) and File the Notice of Completion (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a resolution accepting the City Facilities Roof Replacement Project for FY 2024 (CIP No.
  • Resolution Approving the New Classification Specifications for Crime Analyst, Environmental Programs Coordinator, and Executive Assistant to the Police Chief (Resolution/Roll Call Vote) Recommended Action: Adopt a resolution approving the new classification specifications for Crime Analyst, Environmental Programs Coordinator, and Executive Assistant to...
  • Acceptance of the 2025 Cannabis Tax Fund Grant Program - Department of California Highway Patrol Grant (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a resolution approving an agreement setting forth terms under which the City of Campbell accepts the 2025 Cannabis Tax Fund Grant Program - Department of California Highway...
  • 1 informational item is noted separately below.
Why It Matters
  • This summary is based on approved minutes text, so action language is treated as outcome evidence rather than agenda-only planned action.
  • The recorded actions may affect city services, public spending, implementation timelines, or future council oversight.
Topics Discussed
  • Councilmembers received the report and provided general feedback to staff consideration.
What Happens Next
  • No specific follow-up step was clearly detected beyond implementation of the recorded actions.
  • Mayor Lopez adjourned the meeting at 8:32 PM.
Agenda
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Reconstructed agenda items • Rebuilt from agenda text because source-provided agenda items were unavailable.
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Par 20,546,644.97 20,627,127.74 Book Value 20,463,560.86 20,540,867.11 Cost Value 20,464,615.32 20,540,653.98 Government of The United States 35.91% FHLMC 10.16% Farm Credit System 9.65% Federal Home Loan Banks 6.00% International Bank for
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BACKGROUND: Recon and Dev 2.31% BMW Vehicle Owner Trust 1.96% Toyota Motor Corporation 1.94% Bank of America Corporation 1.48% **Periods over 1 year are annualized. Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Secondary Benchmark: *Th...
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Fiscal Year to Date (6,000,000.00) Principal Paydowns Month to Date (8,001.76) Fiscal Year to Date (56,982.91) Purchases Month to Date 1,141,219.66 Fiscal Year to Date 35,462,586.08 Sales Month to Date (1,047,550.57) Fiscal Year to Date
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BACKGROUND: (25,834,461.14) Interest Received Month to Date 78,270.85 Fiscal Year to Date 688,100.23 Purchased / Sold Interest Month to Date 7,396.48 Fiscal Year to Date (40,508.20) 6.b Packet Pg. 28 Attachment: Chandler BNY Investment statement- 6.30.25 (Mont...
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Aaa/AAA AAA 0.00 0.00 6.b Packet Pg. 30 Attachment: Chandler BNY Investment statement- 6.30.25 (Monthly Investment Transactions Report June
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BACKGROUND: CONFIDENTIAL | 6 City of Campbell | Account #11214 | As of June 30, 2025 Execution Time: 07/01/2025 04:47:44 PM Chandler Asset Management | info@chandlerasset.com | www.chandlerasset.com | 800.317.4747 HOLDINGS REPORT Cusip Security Description Par...
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Aaa/ AAAm NA 0.00
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MUNICIPAL BONDS 13063EGT7 CALIFORNIA STATE 4.5 08/01/2029 205,000.00 10/30/2024 4.38% 206,080.35 205,931.72 101.77 4.02% 208,637.73 3,843.75 1.01% 2,706.00 Aa2/AA- AA 4.09 3.64 6.b Packet Pg. 32 Attachment: Chandler BNY Investment
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BACKGROUND: statement- 6.30.25 (Monthly Investment Transactions Report June CONFIDENTIAL | 8 City of Campbell | Account #11214 | As of June 30, 2025 Execution Time: 07/01/2025 04:47:44 PM Chandler Asset Management | info@chandlerasset.com | www.chandlerasset.c...
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Purchase 06/06/2025 X9USDDGCM 382,483.75 DREYFUS GVT CM INST 1.000 4.16% (382,483.75) 0.00 (382,483.75)
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Purchase 06/10/2025 91282CNG2 350,000.00 UNITED STATES TREASURY 4.0 05/31/2030 99.641 4.08% (348,742.19) (382.51) (349,124.70)
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Purchase 06/13/2025 X9USDDGCM 9,458.02 DREYFUS GVT CM INST 1.000 4.17% (9,458.02) 0.00 (9,458.02)
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Purchase 06/13/2025 X9USDDGCM 4,491.00 DREYFUS GVT CM INST 1.000 4.17% (4,491.00) 0.00 (4,491.00)
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Purchase 06/16/2025 X9USDDGCM 5,289.69 DREYFUS GVT CM INST 1.000 4.17% (5,289.69) 0.00 (5,289.69)
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Purchase 06/23/2025 X9USDDGCM 20,600.00 DREYFUS GVT CM INST 1.000 4.16% (20,600.00) 0.00 (20,600.00)
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Purchase 06/25/2025 X9USDDGCM 12,018.07 DREYFUS GVT CM INST 1.000 (12,018.07) 0.00 (12,018.07)
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Purchase 06/30/2025 X9USDDGCM 21,437.50 DREYFUS GVT CM INST 1.000 4.21% (21,437.50) 0.00 (21,437.50)
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Total Purchase 1,145,492.50 (1,141,219.66) (709.18) (1,141,928.84)
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TOTAL ACQUISITIONS 1,145,492.50 (1,141,219.66) (709.18) (1,141,928.84)
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DISPOSITIONS Sale 06/06/2025 91282CHH7 (375,000.00) UNITED STATES TREASURY 4.125 06/15/2026 100.035 4.10% 375,131.84 (7,351.91) 382,483.75
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Sale 06/11/2025 X9USDDGCM (29,794.42) DREYFUS GVT CM INST 1.000 4.17% 29,794.42 0.00 29,794.42
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Sale 06/11/2025 X9USDDGCM (44,742.11) DREYFUS GVT CM INST 1.000 4.17% 44,742.11 0.00 44,742.11
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Sale 06/13/2025 3130APFH3 (250,000.00) FEDERAL HOME LOAN BANKS 0.81 07/29/2025 99.503 0.81% 248,757.50 (753.75) 249,511.25 (1,242.50) Total Sale (1,048,661.23) 1,047,550.57 (8,105.66) 1,055,656.23 (1,208.06) 6.b Packet Pg. 35 Attachment:
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BACKGROUND: Chandler BNY Investment statement- 6.30.25 (Monthly Investment Transactions Report June CONFIDENTIAL | 11 City of Campbell | Account #11214 | As of June 30, 2025 Execution Time: 07/01/2025 04:47:44 PM Chandler Asset Management | info@chandlerasset....
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JOHN DEERE CAPITAL CORP 4.85 06/11/2029 4.40% 5,456.25 0.00 5,456.25
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BANK OF NEW YORK MELLON CORP 3.992 06/13/2028 4.31% 4,491.00 0.00 4,491.00
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TAOT 2025-B A3 4.34 11/15/2029 4.82% 235.08 0.00 235.08 0.00 6.b Packet Pg. 36 Attachment: Chandler BNY Investment statement- 6.30.25 (Monthly Investment Transactions Report June
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BACKGROUND: CONFIDENTIAL | 12 City of Campbell | Account #11214 | As of June 30, 2025 Execution Time: 07/01/2025 04:47:44 PM Chandler Asset Management | info@chandlerasset.com | www.chandlerasset.com | 800.317.4747 TRANSACTION LEDGER Transaction Type Settlemen...
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0.00
FEDERAL FARM CREDIT BANKS FUNDING CORP 4.12 06/22/2026 4.12% 20,600.00 0.00 20,600.00
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UNITED STATES TREASURY 4.375 12/31/2029 4.45% 3,281.25 0.00 3,281.25
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UNITED STATES TREASURY 4.375 12/31/2029 4.45% 5,468.75 0.00 5,468.75
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UNITED STATES TREASURY 3.25 06/30/2029 4.31% 5,687.50 0.00 5,687.50 0.00 6.b Packet Pg. 37 Attachment: Chandler BNY Investment statement- 6.30.25 (Monthly Investment Transactions Report June
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BACKGROUND: CONFIDENTIAL | 13 City of Campbell | Account #11214 | As of June 30, 2025 Execution Time: 07/01/2025 04:47:44 PM Chandler Asset Management | info@chandlerasset.com | www.chandlerasset.com | 800.317.4747 TRANSACTION LEDGER Transaction Type Settlemen...
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0.00
UNITED STATES TREASURY 4.0 06/30/2028 3.76% 7,000.00 0.00 7,000.00
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Total Coupon 0.00 69,546.32 0.00 69,546.32
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Principal Paydown 06/01/2025 3137FMCR1
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0.00
Total Principal Paydown 8,001.76 8,001.76 -- 8,001.76 (0.00) TOTAL OTHER TRANSACTIONS 8,001.76 77,548.08 0.00 77,548.08 (0.00) 6.b Packet Pg. 38 Attachment: Chandler BNY Investment statement- 6.30.25 (Monthly Investment Transactions Report
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BACKGROUND: June CONFIDENTIAL | 14 City of Campbell | Account #11214 | As of June 30, 2025 Execution Time: 07/01/2025 04:47:44 PM Chandler Asset Management | info@chandlerasset.com | www.chandlerasset.com | 800.317.4747 INCOME EARNED Cusip Security Description...
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1
Minutes of City Council Executive Session Meeting of July 1, 2025 Recommended Action: Approve the executive session meeting minutes of July 1, 2025.
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1
Proclamation Declaring July 2025 as Park and Recreation Month Recommended Action: Issue a proclamation declaring the month of July 2025 as National Parks and Recreation Month for the City of Campbell.
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NEW BUSINESS: Mayor Lopez recognized Park and Recreation Month in the City of Campbell and presented a proclamation to staff thanking them for their efforts. 2 Packet Pg. 7 Minutes Acceptance: Minutes of Jul 1, 2025 7:00 PM (CONSENT CALENDAR) Minutes of July 1...
1.63
AGENCY 6.b Packet Pg. 29 Attachment: Chandler BNY Investment statement- 6.30.25 (Monthly Investment Transactions Report June
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BACKGROUND: CONFIDENTIAL | 5 City of Campbell | Account #11214 | As of June 30, 2025 Execution Time: 07/01/2025 04:47:44 PM Chandler Asset Management | info@chandlerasset.com | www.chandlerasset.com | 800.317.4747 HOLDINGS REPORT Cusip Security Description Par...
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10
Approval of Tract Map No. 10653 Including Acceptance of Street Dedication and Public Service Easements Shown on Said Map – 320 Virginia Avenue (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a resolution
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approving the Tract Map for Tract No. 10653 and accept the street dedication and public service easements offered for dedication as shown on the map for the property located at 320 Virginia Avenue.
10
Public Hearing to Consider an Interim Ordinance Adopting Urgency Measures to Implement Senate Bill No. 1123 (2024), Regarding Ministerial Approval of Small-Scale Housing Subdivisions (File No.
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NEW BUSINESS: PLN-2025-62) (Ordinance / Roll Call Vote) Recommended Action: It is recommended that City Council adopt an Interim Ordinance to implement Senate Bill No.
11
Accept the City Facilities Roof Replacement Project – FY 2024 (24-TT) and File the Notice of Completion (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a resolution accepting the City Facilities Roof Replacement
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Project for FY 2024 (CIP No. 24-TT) and directing the Public Works Director or designee to file the Notice of Completion; and authorizing the Finance Director to retain the remaining project balance under CIP No. 24-TT for upcoming roofing projects in FY 2026.
11
Public Hearing to Consider the Adoption of an Interim Ordinance Amending Chapter 21.34 – Wireless Communication Facilities to Establish Urgency Measures in Response to Changes in Federal Law.
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NEW BUSINESS: (Ordinance/Roll Call Vote) 2 Packet Pg. 11 Minutes Acceptance: Minutes of Jul 1, 2025 7:00 PM (CONSENT CALENDAR) Minutes of July 1, 2025 City Council Meeting Page 6 Recommended Action: That the City Council take the following action: Adopt an Int...
12
Resolution Approving the New Classification Specifications for Crime Analyst, Environmental Programs Coordinator, and Executive Assistant to the Police Chief (Resolution/Roll Call Vote) Recommended Action: Adopt a resolution approving the
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new classification specifications for Crime Analyst, Environmental Programs Coordinator, and Executive Assistant to the Police Chief.
12
Axon Ten Year Technology Contract Recommended Action: That the City Council adopt a Resolution approving a ten year contract with Axon, authorizing the City Manager to sign the contract, dispensing with bidding requirements as specified in
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NEW BUSINESS: Campbell Municipal Code Section 3.20.030(7), and approving associated budget adjustments. Police Chief Berg introduced the item. Police Captain White presented a staff report dated July 1,
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13
Acceptance of the 2025 Cannabis Tax Fund Grant Program - Department of California Highway Patrol Grant (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a resolution approving an agreement setting forth terms
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under which the City of Campbell accepts the 2025 Cannabis Tax Fund Grant Program - Department of California Highway Patrol, authorizing the City Manager to execute the agreement, and approving a budget adjustment to recognize the grant revenue and correspondi...
13
City offices will be closed for business on Friday, July 4 in observance of Independence Day.
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NEW BUSINESS: Police and emergency services will remain open. CONSENT CALENDAR Mayor Lopez asked if anyone wished to remove an item from the Consent Calendar. The Consent Calendar was considered as follows: 2 Packet Pg. 8 Minutes Acceptance: Minutes of Jul 1,...
13
Approval of Purchase Agreement with Sorinex Exercise Equipment, Inc., in the Amount of $163,000 for the Procurement of Exercise Equipment as Programmed in the CIP for the Measure O – Police FF&E Project (CIP No. 22-JJ), (Resolution/Roll
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NEW BUSINESS: Call Vote) Recommended Action: That the City Council adopt a resolution authorizing: 1) City Council approval of a purchase agreement with Sorinex Exercise Equipment, Inc., in the amount of $163,000, for the procurement of Furniture, Fixtures, an...
14
Placing the Cost of Abating Hazardous Vegetation on the Property Tax Assessment Roll (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a resolution placing the cost of abating hazardous vegetation on the property
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tax assessment roll.
14
Resolution Authorizing an Ad Valorem Tax Levy Based on a Debt Service Estimate to be Provided to Santa Clara County Regarding General Obligation Bonds for Fiscal Year 2025-26 (Resolution/Roll Call Vote) Recommended Action: That the City
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NEW BUSINESS: Council adopt a resolution authorizing an ad valorem tax levy based on a debt service estimate to be provided to Santa Clara County regarding general obligation bonds for Fiscal Year 2025-26. Administrative Analyst Brangan presented a staff repor...
15
Public Hearing to Consider Adoption of an Ordinance to Extend Interim Ordinance No. 2331 Which Established Urgency Measures in Response to the 2018 Small Cell Order (FCC 18-133) by the Federal Communications Commission (File No.
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PLN-2025-50) (Ordinance / Roll Call Vote) Recommended Action: That the City Council adopt an ordinance to extend Interim Ordinance No. 2331, which established urgency measures in response to the 2018 Small Cell Order (FCC 18-133) by the Federal Communications...
15
Council Committee Reports Recommended Action: That the City Council report on activities from their committee assignments.
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NEW BUSINESS: In place of Vice Mayor Furtado, Councilmember Hines attended the 2025 Service Academy Reception hosted by Representatives Sam Liccardo and Ro Khanna at Moffet Field; attended the Police Department Swearing-In Ceremony at the Home Church; and reco...
16
Public Hearing to Consider an Interim Ordinance Adopting Urgency Measures to Implement Senate Bill No. 1123 (2024), as Amended by
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Assembly Bill No. 130 (2025), Regarding Ministerial Approval of Starter Home Projects. (File No. PLN-2025-62) (Ordinance / Roll Call Vote) Recommended Action: It is recommended that City Council adopt an Interim Ordinance to implement Senate Bill No. 1123, as...
160.60
DREYFUS GVT CM INST 1.000 (160.60) 0.00 (160.60)
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BACKGROUND
18
Hamilton Avenue Public Improvement Plan - Kickoff Meeting Recommended Action: That the City Council provide early input on the following: 1) the proposed outreach strategy, including whether additional stakeholder groups or engagement
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NEW BUSINESS: formats should be included; 2) the preliminary project schedule and proposed meeting frequency; and 3) any initial priorities or guiding principles for staff and the consultant team to consider as the project begins.
19
Resolution Amending the First Amended Agreement for City Clerk Services (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a Resolution amending the First Amended Agreement for City Clerk Services to provide for a
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NEW BUSINESS: merit increase. UNFINISHED BUSINESS COUNCIL COMMITTEE REPORTS
2
Minutes of City Council Regular Meeting of July 1, 2025 Recommended Action: Approve the regular meeting minutes of July 1, 2025.
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2
Minutes of City Council Executive Session Meeting of June 17, 2025 Recommended Action: Approve the executive session meeting minutes of June 17,
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NEW BUSINESS
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2.58
Average Coupon 3.99% Average Purchase YTM 4.06% Average Market YTM 4.04% Average Credit Quality* AA+ Average Final Maturity
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2.58
Total Market Value + Accrued 20,854,972.50 6.b Packet Pg. 34 Attachment: Chandler BNY Investment statement- 6.30.25 (Monthly Investment Transactions Report June
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BACKGROUND: CONFIDENTIAL | 10 City of Campbell | Account #11214 | As of June 30, 2025 Execution Time: 07/01/2025 04:47:44 PM Chandler Asset Management | info@chandlerasset.com | www.chandlerasset.com | 800.317.4747 TRANSACTION LEDGER Transaction Type Settlemen...
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2.66
End Values as of 05/31/2025 End Values as of 06/30/2025 Market Value 20,503,050.24 20,681,866.80 Accrued Interest 182,980.50 173,105.70 Total Market Value 20,686,030.74 20,854,972.50 Income Earned 60,507.77 76,986.25 Cont/WD 0.00
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2.86
MONEY MARKET FUND X9USDDGCM DREYFUS GVT CM INST 98,732.84 -- 4.21% 98,732.84 98,732.84 1.00 4.21% 98,732.84 0.00 0.48%
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20
Council Committee Reports Recommended Action: That the City Council report on activities from their committee assignments.
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NEW BUSINESS: ADJOURN IMPORTANT NOTICE: Materials related to an item on this agenda submitted to the City Council after distribution of the agenda packet are available for public inspection with the agenda packet in the lobby of City Clerk’s Office, 70 N. Firs...
20
Doors open at 6:00 pm with the event beginning promptly at 6:30pm.
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NEW BUSINESS: Please RSVP to MayorStateOfTheCity@campbellca.gov by Wednesday, August
2025.06
Fund Balance Report 5 Packet Pg. 21
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BACKGROUND
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2025.06
Fund Balance Report (Monthly Treasurer's Report (June 2025))
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BACKGROUND: City Council Report TITLE: Monthly Investment Transactions Report (June 2025) RECOMMENDED ACTION That the City Council review and accept the Monthly Investment Transactions Report for June
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253.81
DREYFUS GVT CM INST 1.000 4.18% (253.81) 0.00 (253.81)
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BACKGROUND
3
Minutes of City Council Executive Session Meeting of July 7, 2025 Recommended Action: Approve the executive session meeting minutes of July 7, 2025.
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3
Minutes of City Council Regular Meeting of June 17, 2025 Recommended Action: Approve the regular meeting minutes of June 17,
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NEW BUSINESS
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3.15
CASH CCYUSD Receivable 377.79 -- 377.79 377.79 1.00 0.00% 377.79 0.00 0.00%
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3.64
SUPRANATIONAL 459058LN1 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 350,000.00 12/13/2024 4.29% 343,689.50 344,393.84 100.24 3.81% 350,822.70 2,825.52 1.70% 6,428.86 Aaa/AAA NA 4.30 3.89 459058LR2 INTERNATIONAL BANK
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BACKGROUND: FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 125,000.00 03/14/2025 4.20% 124,553.75 124,578.92 101.23 3.84% 126,531.37 1,446.61 0.61% 1,952.45 Aaa/AAA NA 4.72
34.44
Sale 06/10/2025 X9USDDGCM (349,124.70) DREYFUS GVT CM INST 1.000 4.17% 349,124.70 0.00 349,124.70
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345.85
Environmental Services 1,095,260.10 1,498.99 36,944.94 - 1,133,704.03 Supplemental Law Enforcement 75,726.37 (29,055.85) - (5,102.64) 41,567.88 State & Other Grants (766,876.48) - - - (766,876.48) TDA Grant 379,000.72 - - - 379,000.72
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BACKGROUND: Federal Grants 691,145.03 (5,118.62) - - 686,026.41 ARPA Fund 185,956.58 - - - 185,956.58 Housing Assistance 7,975,191.19 (44,653.79) - (8,838.44) 7,921,698.96 Community Restitution Fund 189,339.47 4,339.00 - - 193,678.47 Community Facilities Distr...
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4
Approving Bills and Claims Recommended Action: Approve the bills and claims in the amount of $8,668,476.59.
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4
Approving Bills and Claims Recommended Action: Approve the bills and claims in the amount of $2,927,062.56.
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NEW BUSINESS: This action approves the bills and claims in the amount of $2,927,062.56 as follows: bills and claims checks dated June 2, 2025, in the amount of $2,427,289.78; payroll checks dated June 5, 2025, in the amount of $94,706.12; and bills and claims...
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429.00
August 2025 Total 7,896.08 47,462.72 55,358.80 SEPTEMBER 2025 09/02/2025 Coupon 91282CGP0 375,000.00 UNITED STATES TREASURY 4.0 02/29/2028 7,500.00 7,500.00 09/02/2025 Coupon 91282CKD2 375,000.00 UNITED STATES TREASURY 4.25 02/28/2029
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BACKGROUND: 7,968.75 7,968.75 09/02/2025 Coupon 91282CLK5 400,000.00 UNITED STATES TREASURY 3.625 08/31/2029 7,250.00 7,250.00 09/15/2025 Coupon 00287YDY2 125,000.00 ABBVIE INC 4.65 03/15/2028 3,213.02 3,213.02 09/15/2025 Coupon 02582JKP4 170,000.00 AMXCA 2025...
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429.00
November 2025 Total 7,539.41 24,225.43 31,764.84 DECEMBER 2025 12/01/2025 Coupon 91282CMA6 400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 8,250.00 8,250.00 12/01/2025 Coupon 91282CNG2 350,000.00 UNITED STATES TREASURY 4.0 05/31/2030
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BACKGROUND: 7,000.00 7,000.00 12/11/2025 Coupon 24422EXT1 225,000.00 JOHN DEERE CAPITAL CORP 4.85 06/11/2029 5,456.25 5,456.25 12/15/2025 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 12/15/2025 Coupon 02589BAE0 200,000.00 AMXCA 2024...
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444.59
Aa1/AA+ AA+ 1.71 1.61 91282CKZ3 UNITED STATES TREASURY 4.375 07/15/2027 375,000.00 08/08/2024 3.91% 379,804.69 378,340.83 101.25 3.73% 379,672.85 7,568.63 1.84% 1,332.02 Aa1/AA+ AA+ 2.04 1.90 91282CFM8 UNITED STATES TREASURY 4.125
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BACKGROUND: 09/30/2027 350,000.00 10/31/2024 4.17% 349,521.48 349,630.42 100.91 3.70% 353,185.55 3,629.10 1.71% 3,555.13 Aa1/AA+ AA+ 2.25 2.11 91282CGP0 UNITED STATES TREASURY 4.0 02/29/2028 375,000.00 08/08/2024 3.87% 376,552.73 376,163.05 100.76 3.70% 377,84...
449.00
A3/A A 3.59 2.37 06051GLG2 BANK OF AMERICA CORP 5.202 04/25/2029 150,000.00 08/12/2024 4.69% 152,550.00 151,942.23 102.20 4.77% 153,294.30 1,430.55 0.74% 1,352.07 A1/A- AA- 3.82 2.58 24422EXT1 JOHN DEERE CAPITAL CORP 4.85 06/11/2029
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BACKGROUND: 225,000.00 08/12/2024 4.40% 229,338.00 228,545.69 102.46 4.17% 230,531.60 606.25 1.11% 1,985.90 A1/A A+ 3.95 3.56 6.b Packet Pg. 31 Attachment: Chandler BNY Investment statement- 6.30.25 (Monthly Investment Transactions Report June CONFIDENTIAL | 7...
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474.53
DREYFUS GVT CM INST 1.000 4.19% (474.53) 0.00 (474.53)
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BACKGROUND
5
Monthly Treasurer's Report (June 2025) Recommended Action: That the City Council review and accept the Monthly Treasurer’s Report for the month ended June 30, 2025.
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5
Monthly Investment Transactions Report (May 2025) Recommended Action: That the City Council review and accept the Monthly Investment Transactions Report for May
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NEW BUSINESS
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575.53
DREYFUS GVT CM INST 1.000 4.17% (575.53) 0.00 (575.53)
Reconstructed
BACKGROUND
597.76
Realized Gain (Loss) (1,208.06) (31,205.08) Ending Book Value 20,540,867.11 20,540,867.11 Month to Date Fiscal Year to Date (07/01/2024) Beginning Market Value 20,503,050.24 16,694,837.18 Maturities/Calls 0.00 (6,000,000.00) Principal
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BACKGROUND: Paydowns (8,001.76) (56,982.91) Purchases 1,141,219.66 35,462,586.08 Sales (1,047,550.57) (25,834,461.14) Change in Cash, Payables, Receivables (8,346.74)
597.76
Change in Net Unrealized Gain (Loss) 101,510.31 446,117.13 Realized Gain (Loss) (1,208.06) (31,205.08) Ending Market Value 20,681,866.80 20,681,866.80 Maturities / Calls Month to Date
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BACKGROUND
6
Monthly Investment Transactions Report (June 2025) Recommended Action: That the City Council review and accept the Monthly Investment Transactions Report for June 2025.
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6
Monthly Treasurer's Report (May 2025) Recommended Action: That the City Council review and accept the Monthly Treasurer’s Report for the month ended May 31,
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NEW BUSINESS
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670.30
Aa1/AA+ AA+ 3.00 2.80 91282CJF9 UNITED STATES TREASURY 4.875 10/31/2028 375,000.00 08/08/2024 3.85% 389,765.63 386,648.02 103.59 3.72% 388,476.75 3,079.99 1.88% 1,828.73 Aa1/AA+ AA+ 3.34 3.04 91282CKD2 UNITED STATES TREASURY 4.25
Reconstructed
BACKGROUND: 02/28/2029 375,000.00 11/26/2024 4.21% 375,585.94 375,504.50 101.76 3.73% 381,606.45 5,326.94 1.85% 6,101.95 Aa1/AA+ AA+ 3.67 3.33 91282CKG5 UNITED STATES TREASURY 4.125 03/31/2029 350,000.00 11/18/2024 4.31% 347,498.05 347,849.86 101.35 3.73% 354,...
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7
Investment Report - Quarter Ending June 2025 Recommended Action: That the City Council approve the Investment Report for the quarter ending June 2025 and the report be noted and filed.
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7
Adopt the Fiscal Year 2026 Classification and Salary Schedule (Resolution/Roll Call Vote) Recommended Action: Adopt a resolution adopting the classification and salary schedule for Fiscal Year 2025-2026.
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NEW BUSINESS: Resolution 13315 adopts the classification and salary schedule for Fiscal Year 2025-2026.
8
Approval of Parcel Map Including Acceptance of Street Dedication and Public Service Easements Shown on Said Map – 251 Curtner Avenue (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a resolution approving the
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Parcel Map and accept the street dedication and public service easements as shown on the map for the property located at 251 Curtner Avenue.
8
Approval to Grant a Utility Distribution Easement to PG&E Within Lot 12 as Shown on a Certain Map Entitled “Map of Campbells Western Add’n to the Town of Campbell,” Filed for Record on May 18Th, 1894, in Book H of Maps at Page 69 to Serve
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NEW BUSINESS: the Measure O – Police Operations Building Project (CIP No. 23-RR), (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a resolution to grant a utility distribution easement to PG&E within Lot 12 as shown on a certain Map...
89.33
Aa1/AA+ AA+ 0.71 0.68 91282CJC6 UNITED STATES TREASURY 4.625 10/15/2026 375,000.00 08/30/2024 3.90% 380,507.81 378,343.01 100.89 3.91% 378,339.84 3,648.82 1.83% (3.17) Aa1/AA+ AA+ 1.29 1.23 91282CKE0 UNITED STATES TREASURY 4.25 03/15/2027
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BACKGROUND: 350,000.00 08/20/2024 3.86% 353,322.27 352,207.75 100.76 3.78% 352,652.34 4,365.49 1.71%
9
Approval of Tract Map Approval of Tract Map No. 10641 Including Acceptance of Street Dedication and Public Service Easements Shown on Said Map – 57-101 Gilman Avenue & 60 Dillon Avenue (Resolution/Roll Call Vote) Recommended Action: That
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the City Council adopt a resolution approving the Tract Map for Tract No. 10641 and accept the street dedication and public service easements offered for dedication as shown on the map for the property located at 57-101 Gilman Avenue and 60 Dillon Avenue.
9
Lighting and Landscaping District LLA-1, Fiscal Year 2025-26 - Confirming Assessments (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a resolution overruling protests, if any, approving the Engineer's Report,
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NEW BUSINESS: ordering the improvements, and confirming the diagram and assessments. This is the time and place set for hearing public comments on the Engineer's Report for the City of Campbell’s Lighting and Landscaping Assessment District and on the levy and...
2025.a
Monthly Investment Activity Report- 6.30.25
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BACKGROUND
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2025.b
Chandler BNY Investment statement- 6.30.25 6 Packet Pg. 24
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BACKGROUND: MONTHLY ACCOUNT STATEMENT City of Campbell | Account #11214 | As of June 30, 2025 CHANDLER ASSET MANAGEMENT | chandlerasset.com Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qua...
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D
Labor Negotiations – Pursuant to G.C.
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NEW BUSINESS: Section 54957.6: Conference with Labor Negotiator - Agency Designated Representatives: City Council and City Manager Performance/Compensation Subcommittee Members: Sergio Lopez and Dan Furtado Unrepresented Employee: City Manager The City Council...
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D
City Manager Loventhal was in attendance.
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NEW BUSINESS: ADJOURN 1 Packet Pg. 5 Minutes Acceptance: Minutes of Jul 1, 2025 6:00 PM (CONSENT CALENDAR) Minutes of July 1, 2025 City Council Meeting Page 2 Mayor Lopez adjourned the meeting at 6:55 PM. APPROVED: ATTEST: Sergio Lopez, Mayor Andrea Sanders, C...
D
Labor Negotiations The City Council met in Executive Session to discuss Item B.
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NEW BUSINESS: City Manager Loventhal, City Attorney Seligmann, Finance Director Fuentes, and outside counsel from Clapp Moroney were in attendance. ADJOURN 3 Packet Pg. 16 Minutes Acceptance: Minutes of Jul 7, 2025 6:30 PM (CONSENT CALENDAR) Minutes of July 7,...
V
County of Santa Clara et. al.; Santa Clara County Superior Court Case No. 24CV454427
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NEW BUSINESS
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