951 martin luther king boulevard, kissimmee, fl

951 Martin Luther King Boulevard, Kissimmee, FL

www.tohowater.com 407.944.5000

AGENDA WEDNESDAY, OCTOBER 25, 2017

BRUCE R. VAN METER BOARDROOM

1. Meeting called to order 2. A. Moment of Silent Reflection B. Pledge of Allegiance 3. Approval of the Agenda 4. Awards and Presentations

5. Public Hearing 6. Hear the Audience 7. Consent Agenda

The Consent Agenda is a technique designed to expedite handling of routine and miscellaneous business of the Board of Supervisors. The Board of Supervisors in one motion may adopt the entire Agenda. The motion for adoption is non-debatable and must receive unanimous approval. By request of any individual member, any item may be removed from the Consent Agenda and placed upon the Regular Agenda for debate.

7A. REQUEST APPROVAL OF THE TWA REGULAR BOARD MEETING

MINUTES OF SEPTEMBER 27, 2017 (DIAZ/WHEELER)

7B. REQUEST APPROVAL OF AMENDMENT #1 TO PBA-15-013, LABORATORY ANALYSIS AND SAMPLING (HOLMES)

7C. REQUEST APPROVAL OF THE AGREEMENTS WITH SUNBELT

RENTALS, INC. AND WITH XYLEM DEWATERING SOLUTIONS, INC., D/B/A GODWIN PUMPS OF AMERICA, FOR BYPASS PUMP RENTALS, EMERGENCY AND NON-EMERGENCY (PBA-18-007) (HOLMES)

7D. REQUEST APPROVAL TO RENEW AGREEMENTS FOR LAWN

MAINTENANCE SERVICES FOR THE WATER PLANTS AND OTHER FACILITIES (RFP-16-006) (HOLMES)

Thomas White Chair-Ex-officio Clarence L. Thacker Secretary LeRue “Skip” Stellfox Supervisor #6 Domingo Sanchez Supervisor #1 John A. Lambert Supervisor #4 Brian L. Wheeler Executive Director Michael W. Sweeney Deputy Executive Director Mark G. Lawson General Counsel Nilsa C. Díaz Executive Assistant

http://www.tohowater.com/

7E. REQUEST APPROVAL OF THE HOAGLAND BOULEVARD

REALIGNMENT AND WIDENING PHASE 2 AND 3 PROJECT INTERLOCAL AGREEMENT WITH OSCEOLA COUNTY (ZHOU)

7F. REQUEST APPROVAL OF ENGINEERING SCOPE OF SERVICES WITH

REISS ENGINEERING, INC. FOR THE POTABLE WATER HYDRAULIC MODEL UPDATE (NEWELL)

7G. REQUEST APPROVAL OF CONTRACT AWARD FOR THE PHASE 2 –

GRAVITY SEWER REHABILITATION AND REPLACEMENT, PROJECT 3: CURED-IN-PLACE PIPE (CIPP) LINING GRAVITY SEWERS AND MANHOLES REHABILITATION (IFB-17-120) (NEWELL)

7H. REQUEST APPROVAL OF OCTOBER ASSET DISPOSAL #2 (HOLMES) 7-I. REQUEST APPROVAL OF AMENDMENT #6 TO THE AGREEMENT

BETWEEN TOHO WATER AUTHORITY AND INTUITION SYSTEMS, LLC d/b/a BILL2PAY, LLC. (HOLMES)

7J. REQUEST APPROVAL OF THE TWA BOARD OF SUPERVISOR

REGULAR MEETING MINUTES OF OCTOBER 11, 2017 (DIAZ/WHEELER)

7K. REQUEST APPROVAL OF SCOPE OF ENGINEERING SERVICES FOR

NEO-CITY ONSITE UTILITY EXTENSION PHASE 1 (EVERSOLE) 8. Informational Presentations:

8A. QUARTERLY INVESTMENT REPORT BY PFM GROUP– QUARTER ENDING JUNE 30, 2017 (HENDERSON)

9. Unfinished Business

10. New Business

11. Staff Report:

11A. FIELD SERVICES KEY PERFORMANCE INDICATORS (KPI) REPORTS FOR THE THIRD FISCAL QUARTER 2017 (BASHAM)

11B. CUSTOMER SERVICE KEY PERFORMANCE INDICATORS

(KPI) REPORTS FOR THE THIRD QUARTER 2017 (HEWITT)

11C. PIO QUARTERLY REPORT (GRAYSON)

Board of Supervisors Regular Meeting Minutes

September 27, 2017

Present: Vice Chair Tom White Secretary Clarence Thacker Supervisor Wendell McKinnon Supervisor John Lambert Supervisor Skip Stellfox General Counsel Mark Lawson

Executive Director Brian L Wheeler Deputy Executive Director Mike Sweeney Executive Assistant Nilsa C Diaz

Absent: Kissimmee City Commissioner Wanda Rentas Osceola County Commissioner Peggy Choudhry, Polk County Commissioner Todd Dantzler

1. Meeting called to order by: Interim Chair Tom White

Time: 5:00 PM

2. After a moment of silent reflection, Supervisor Wendell McKinnon led the attendees in the Pledge of Allegiance.

3. Approval of Agenda: There being no changes to the Agenda, Supervisor John Lambert moved for approval of the Agenda as published and Supervisor Wendell McKinnon seconded the motion. Motion passed 5 to 0.

4. Awards and Presentations

5. Public Hearing: 5A. PUBLIC HEARING TO DISCUSS THE ADOPTION OF A $1.00 INCREASE TO THE RESIDENTIAL WATER BASE CHARGE TO TAKE EFFECT JANUARY 1, 2018 TO FUND A NEW CROSS CONNECTION CONTROL PROGRAM (HENDERSON) (RESOLUTION 2017-004) Mr. Ric Figueroa, Financial Manager, provided a PowerPoint presentation summarizing the proposed Residential Cross Connection Program to be implemented with the one dollar increase in the residential water service base charged. Mr. Figueroa advised the Board that both public rate hearings had been appropriately noticed in local newspapers and on the TWA website. Because the Authority has to maintain compliance with the Department of Environmental Protection (DEP) regulations for cross-connection control, the Authority is proposing to assume ownership of all residential backflow devices for potable and irrigation meters, to include responsibility for testing, repairing, and installing. Mr. Figueroa explained that the one dollar increase in the residential base charge for water service would be used to fund the program. The proposed cross connection control program was outlined in the presentation as previously presented to the Board of Supervisors at the Operating Budget workshop in August. The effective date of the rate adjustment would be January


September 27, 2017

1, 2018. Staff recommends approval of Resolution 2017-004. Interim Chairman White opened the discussion up to the audience. No one came forth. Mr. White asked for discussion from the Board. Supervisor Stellfox asked how the dollar amount was established. Executive Director Wheeler responded that staff utilized the average cost of services presently being provided and the number of backflow devices existing and estimated to be added to arrive at the funding amount needed. Supervisor Lambert asked whether condominiums would be included in the program or were classified as commercial accounts. Executive Director Wheeler responded that condominiums were classified as commercial customers. Supervisor Thacker moved for approval of Resolution 2017-004 and Supervisor Stellfox seconded the motion. Motion passed 5 to 0. 5B. NOTICE OF PUBLIC HEARING FOR RATE STRUCTURE MODIFICATION FOR 2 INCH OR LARGER RECLAIMED WATER METERS (HENDERSON) (RESOLUTION 2017-005) Ric Figueroa prepared and gave a PP presentation entitled,” Public Hearing for Rates & Fees Fiscal Year 2018 “. Mr. Figueroa showed slides that presented the existing rate tier structure for reclaimed water and the proposed rate tier structure for reclaimed water. The proposed rate structure establishes a monthly irrigation budget for each property based on the amount of water required to sustain its pervious area. The proposal is to consider landscaped areas (pervious areas), evapotranspiration, beneficial rainfall (incorporating soil type), crop type, and irrigation system efficiency. For each meter, this calculation will be done. The intent is to promote a more efficient use of water. The modification will take effect on October 1, 2017 and applicable credits for usage in 2017 for those commercial reclaimed water customers (with 2” and above meters) using the adopted allocation based structure will be given. The Board can adopt the advertised resolution on the tier structure; 2) amend the advertised resolution on the tier structure by choosing another option but cannot increase the amount without re-advertising; 3) reject the advertised resolution on the tier structure adjusting the budget accordingly; or 4) take no action. Mr. Ron Root, President of Mandalay at Bella Trae Condominium Association, 1403 Millers Lane in ChampionsGate addressed the Board and said that he understands the excellent approach the Authority is doing but feels it is a mystery how the Authority did the calculations. 1) Has some concerns as it has been imperative that the Board seek to smooth out the rate/price increase adopted last October. Would like to see the increase spread out. 2. Would like to see the Authority make more of an effort to correct price increase taking into consideration to provide additional information 3. Would like to see the Authority continue to refine the tiered rate schedule. 4. And would like to see more incentive programs encouraging water conservation. Mr. Root feels that our properties need to be more FL friendly and would like to have the Authority go to their community and educate their residents, change the culture of their community. He also feels that force should be put on the developers towards more FL friendly landscapes. (5:19 PM) Supervisor White opened up the discussion to the attendees.


September 27, 2017

Supervisor McKinnon asked if there was some way to reduce the rates. Mr. Wheeler responded that if you start separating the large irrigation customers or reducing for all reclaimed water customers, you could get caught in the discriminatory rate structure. We could go back and re-advertise. Supervisor McKinnon said that it was his understanding that we were going to work with the City and the County. Mr. Wheeler said that Staff can go back and change this so that it is more individualized by account but the consultant has already done this. Mr. Lawson added that the Authority has to still have a rational basis to adopt the rates. Mr. White asked if this is adopted can Staff still go back and look at individual accounts. Mr. Lawson said that this is a process and that Mr. Wheeler could probably address this better than he could. Mr. Wheeler said that the Budget rate looks at how much pervious area a customer has; under the old structure you could change meter size. Took GIS system with aerials to calculate irrigable area. If a customer says that we have it wrong, we are willing to look at it. What we have done is establish an allocation of water to a property. These customers will no longer have two days a week to irrigate; they can irrigate 7 days a week. A lot has to do with management of water. I concur that we should look at providing more assistance to the residents. The purpose of this change was not to generate revenue but rather encourage behavior modification; for people to be efficient in their use of water. Supervisor White asked if we pass this today does it keep us from addressing this in the future if there are special cases that we need to look at. Mr. Wheeler responded that it is not perfect and can be tweaked. Supervisor McKinnon moved for approval of Resolution 2017-005 and Supervisor Lambert seconded the motion. Mr. White said that he would like for Staff to come back and respond to Mr. Root’s concerns and any other concerns that might come up. Motion passed 5 to 0. 6. Hear the Audience 7. Consent Agenda: Supervisor Thacker removed Items 7E and 7L for discussion.

Supervisor McKinnon moved for approval of the Consent Agenda with the exception of Items 7E and 7L. Supervisor Stellfox seconded the motion. Motion passed 5 to 0.

7A. REQUEST APPROVAL OF THE MINUTES FROM THE REGULAR TWA MEETING OF AUGUST 9, 2017 (DIAZ/WHEELER) 7B. REQUEST APPROVAL OF CONTRACT AWARD TO ALLIED UNIVERSAL CORPORATION FOR THE SUPPLY AND DELIVERY OF LIQUID SODIUM HYPOCHLORITE (IFB-17-113) TO SMALL PLANTS (HOLMES) 7C. REQUEST APPROVAL OF THE AUSTIN TINDALL SPORTS COMPLEX REUSE WAIVER REQUEST (ANTHONY)


September 27, 2017

7D. REQUEST APPROVAL OF GARNEY’S TIME AND MATERIALS COST FOR THE GRAVITY SEWER MAIN REPAIR AT 7780 W. IRLO BRONSON MEMORIAL HIGHWAY (IFB-16-123) AND CHANGE ORDER NO. 1 (NEWELL) 7E. REQUEST APPROVAL TO AWARD CONSTRUCTION CONTRACT TO CARR AND COLLIER, INC. FOR LIFT STATION 4P EXPANSION AND PARADISE COVE LIFT STATION MODIFICATION PROJECT (IFB-17-111) (ZHOU/ROBINSON) Supervisor Thacker removed this item because he was under the impression that we had added a construction crew to rehabilitate lift stations. Mr. Pelham and Mr. Wheeler explained that the rehabilitations are being done in-house and will be doing this one as Phase 2 but Phase 1 will need to be done by a contractor because it is an expansion requiring the installation of a new wetwell. Supervisor Clarence Thacker moved for approval and Supervisor Wendell McKinnon seconded the motion. Motion passed 5 to 0 7F. REQUEST APPROVAL FOR AMENDMENT TO NON-EXCLUSIVE ACCESS EASEMENT AGREEMENT FOR FLAGLER CELEBRATION, LLC (PELHAM) 7G. REQUEST APPROVAL OF THE MINUTES FROM THE SPECIAL MEETING OF AUGUST 30, 2017 (DIAZ/WHEELER) 7H. APPROVAL OF AMENDMENT #5 TO EXTEND CONTRACT WITH INKTEL CONTACT CENTER SOLUTIONS, LLC FOR CALL CENTER SERVICES (BW-16-077) (HEWITT/HOLMES) 7-I. APPROVAL TO SOLE SOURCE PURCHASE ALLEN-BRADLEY PARTS FROM REXEL CONSOLIDATED (SS-17-127) (HOLMES) 7J. APPROVAL TO PURCHASE THE ANNUAL VEHICLE REQUIREMENTS FROM THE STATE CONTRACT, SHERIFF CONTRACT, OR TWA BID (HOLMES) 7K. APPROVAL OF AMENDMENT #2 TO AGREEMENT WITH CJ’S SALES AND SERVICE OF OCALA, INC. FOR GENERATOR MAINTENANCE AND REPAIR SERVICES (RFP-14-010) (HOLMES) 7L. APPROVAL OF AGREEMENT WITH PEEBLES AND SMITH, INC. FOR LOBBYING SERVICES (RFP-17-009) (HOLMES) – Supervisor Thacker removed this item because he was curious about what staff is thinking about staying with Bill Peebles. Mr. Wheeler explained that when we looked at the proposals, Mr. Peebles firm had more involvement in the public and water related issues which gave them an advantage over the two firms. Mr. Thacker asked what the term was and Mr. Wheeler responded that the original RFP would be for a three year


September 27, 2017

term. Supervisor White expressed that he is not in favor of the three year term. Mr. Wheeler advised that approving this agreement did not limit the Board; if we are not satisfied at the end of the first year, we can always go out and advertise again. Mr. Wheeler further advised the Board that when we do any type of RFP for consulting firms, these firms go through a very expensive process to prepare their RFPs. Supervisor Stellfox added that if they are not performing he would be the first one to move forward for removal. Supervisor Thacker asked if Ryan Matthews will be acting as our primary contact. Mr. Wheeler said that for the most part and Bill Peebles will do the cleanup, if required. Mr. White said that the dollar amount should not play a part in the decision as it was only a difference of $20K. Mr. Wheeler said that we are looking for a firm that will reap results. Mr. White asked how spread out Mr. Peebles is in the number of people they represent. Mr. Wheeler said that Mr. Peebles represents a number of water issues. Mr. Wheeler reminded the Board that the local bill is in play to make the change in the Chairmanship. The Osceola County delegation has already met; Orange County will meet on October 16th and Polk County still has not said when they will meet. Mr. Wheeler said that we needed to get things in front of the delegation and Mr. Rosa will be our representative. Supervisor McKinnon expressed that he felt Mr. Peebles will do a good job for the Authority. Supervisor McKinnon moved for approval and Supervisor Stellfox seconded the motion. Motion passed 5 to 0. 7M. ADDITIONAL FUNDING FOR SUNRAIL 36 IN PCCP RELOCATION (EVERSOLE) 7N. APPROVAL OF ADDENDUM #2 WITH WEBSTER ENVIRONMENTAL ASSOCIATES, INC. FOR THE DESIGN OF TWO ODOR CONTROL UNITS AT THE SANDHILL RD. WATER RECLAMATION FACILITY (NEWELL)

6. Informational Presentations:

7. Unfinished Business:

8. New Business: 10A. BUDGET APPROVAL RESOLUTION FOR FISCAL YEAR 2017 BEGINNING OCTOBER 1, 2017 (HENDERSON) – Ric Figueroa gave a PowerPoint presentation summarizing the 2018 Annual Budget. The budget will be adopted through approval of Resolution 2017-006. Supervisor McKinnon moved for approval of the 2018 Budget and Supervisor Stellfox seconded the motion. Motion passed 5 to 0.

9. Staff Reports:


September 27, 2017

11A. MONTHLY FINANCIAL REPORT FOR JULY 2017 (FIGUEROA) – Ric Figueroa gave a PP of the financial report for July 2017. Supervisor Thacker asked if Staff was expecting any unusual impacts from Hurricane Irma. Mr. Figueroa said that he thought our commercial side had to be affected and that Staff was expecting a lot of overtime and other unexpected expenses. When asked about FEMA or other Federal Aid, Mr. Figueroa said that he estimated it to be about $1M and we would be applying for it. Mr. Wheeler said that the Hurricane Staff did an outstanding job in preparing but we had 300 lift stations without power. Six 6 or 7 plants in Poinciana lost power. The only place where the water supply was affected was Bay Lake Estates where we lost water due to a failure in an emergency generator. With the great work of KUA and OUC we went from 24 to 48 hours before power was restored. Duke Energy drug it out for a full week to get full power back. The Authority provided help to Polk County in Frostproof and we had the Good Samaritan Retirement Village where we provided water. A number of employees worked 12 hr. shifts for the entire week. Supervisor Skip Stellfox asked how was the catering. Mr. Wheeler said that it had not materialized. We had Safe Harbor and we did not have enough food for the 2nd day. We provided food for three days.

10. Board Attorney: Mr. Lawson talked about a property where 5 years ago we had a forbearance agreement. We found out that they sold the property owing us money. Executive Director Wheeler has agreed to the action in small claims. November 7th is the statute of limitation. The Board asked how much money was owed and the response was about $3K. They have never paid a dime. We can request attorney fees. Mr. Wheeler recalled that this was when John Moody and Richard Hord were on the Board and they wanted to say let’s move forward. They were impact fees. They had gotten double credits and they took advantage and they put it on the tenants.

11. Board Officials:

Mr. Wheeler said that one of the questions asked by the delegation was why does our Board get a stipend. We can approve the bill and talk about this later. After the meeting, the lobbyist from OUC said that this was a hot button item with the Governor. The Governor vetoed it and Bill Peebles said let’s see what the other delegations do. Mr. Wheeler went on to say that this is the last meeting for one of our Board members and presented Mr. McKinnon with a token of gratitude.


September 27, 2017

Mr. McKinnon said that he and Brian have been together for over 20 years. Have enjoyed working with everyone on the Board. Toho will move on and Domingo will do a good job. Mr. White said that Mr. McKinnon has been a good public servant for a long time. Mr. McKinnon said that he had been approached by someone from Taylor County to see if he wanted to form part of their water board. Supervisor Stellfox expressed that he is going to miss Mr. McKinnon and presented him with a small gift for his sweet tooth.

12. Adjournment:

There being no further business to come before the Board, Vice Chairman White adjourned the meeting at 6:33 PM. Approved: _______________________________________ Tom E. White, Interim Chair Attest: _______________________________________ Clarence L. Thacker, Secretary ncd

Board Meeting Date: 10/25/2017

Category: Consent Agenda Agenda Item: 7B

Department: Procurement Services Attachments: Amendment #1 to Volusia County Agreement # 14-B-148AK Title: AMENDMENT #1 TO PBA-15-013, LABORATORY ANALYSIS AND SAMPLING Summary: Toho Water Authority’s Treatment Operations department plays a vital role in testing and analyzing TWA’s water and wastewater treatment systems. Accurate testing of drinking water is crucial to maintaining the health and safety of customers and the community who rely on this resource. To protect citizens and to detect any possible contamination of water at the earliest possible time, water sampling and testing must be conducted as recommended by the Department of Environmental Protection (DEP).

On December 10, 2014, the Board approved for TWA to enter into agreement with Pace Analytical Services Inc. by piggybacking off the Volusia County Agreement for provision of required testing services and equipment to cover analyses that are not performed in-house. Amendment #1 is hereby requested to extend the agreement for another year through October 15, 2018.

Total Costs: $ 90,000 annually

Recommended Action: Staff recommends approval of Amendment #1 to extend the piggyback agreement (PBA-15-013) with Pace Analytical Services Inc. for the provision of Laboratory Analysis and Sampling Services. Initials: FH/MM

PBA-15-013

Page 1 of 1

AMENDMENT #1 TO ACKNOWLEDGEMENT

This Amendment is made and entered between TOHOPEKALIGA WATER AUTHORITY (hereinafter referred to

as the “AUTHORITY”) and Pace Analytical Services, INC. (hereinafter referred to as the “CONTRACTOR”), 8

East Tower Circle, Ormond Beach, Florida 32174, for the provision of testing, reporting, field sampling, laboratory

analysis, and test kits.

TERMS AND CONDITIONS

I. ACCEPTANCE

This Amendment constitutes the CONTRACTOR’s acceptance of the AUTHORITY’s request to continue

to provide and perform the services described by the Volusia County Board of County Commissioners

Contract titled “Laboratory Analysis and Sampling,” with all of the same terms, conditions, and pricing

contained therein. The Contract, assigned PBA-15-013 for tracking purposes, is attached hereto as Exhibit

“A” and hereby incorporated into this Contract.

II. TERM CONTRACT

A. The term of the Contract is amended to extend through October 15, 2018. The estimated not-to-

exceed Contract award is $90,000 annually.

B. This Contract may be renewed upon mutual consent of the parties, provided Volusia County

Board of County Commissioners renews its contract, 14-B-148-AK, with the CONTRACTOR.

Renewal of this Contract shall be in the AUTHORITY’s sole discretion.

C. This Contract may be canceled or terminated as provided for in Exhibit “A.”

III. ORDERING AGAINST CONTRACT

The obligations under this Contract are subject to the Authority’s needs and availability of funds.

PACE ANALYTICAL SERVICES TOHOPEKALIGA WATER AUTHORITY

By: _________________________ By: ___________________________

Print Name: __________________ Print Name: Thomas E. White

Title: ________________________ Title: Board of Supervisors Interim Chairman

Date: ___________________________

Attest (Signature): ________________ Attest (Signature): _________________

Attest (Print Name): _______________ Attest (Print Name): Nilsa C. Diaz

Address: ________________________ Address: 951 Martin Luther King Blvd.

_________________________ Kissimmee, Florida 34741

STATE OF ___________________

COUNTY OF _________________

The foregoing instrument was executed before me this _____ day of ______________, 2017, by

____________________ as ____________________ of Pace Analytical Services., who personally swore

or affirmed that he is authorized to execute this contract and thereby bind the Company, and who is

personally known to me OR has produced identification.

_____________________________

(Stamp)

Notary Public, State of __________

Master Agreement NO. 780 3814A - 1

TERM: 2017-10-15 to 2018-10-15 Page 1 of 2

Date Issued: 10/06/2017

Vendor contact:Name: JEFF BAYLOR

Phone: 386-672-5668 Ext.:

E-mail:

County contact:Name: DOROTHY FOSTER

Phone: 386-822-6465 Ext.: 13636

E-mail: [email protected]

Bill To:County of VolusiaAS REQUIRED BYUSING DEPARTMENT VOLUSIA COUNTY, FL 32720

Vendor Name: Vendor No. 08081900020PACE ANALYTICAL SERVICES, INC. 8 EAST TOWER CIRCLE ORMOND BEACH, FL 32174

Ship To:AS REQUIRED BYUSING DEPARTMENT VOLUSIA COUNTY, FL 32720

Solicitation Number: 14-B-148AK

Award Date: 2017-09-21

Award Authorization: COUNCIL

Purchasing Analyst:

VICTORIA BERTLING

Phone: 386-626-6626 Ext:

E-mail: [email protected]

Payment Terms: Net 45 Days, FOB Dest, Freight allowed

Document Description:Lab Analysis and Sampling

Line Item

Commodity Code Unit Description

Unit Price or Contract Amount

2 96148 EA Lab Analysis and Sampling per attached price list. 0.000000

Jeaniene Jennings CPPBPurchasing & Contracts Director

County of VolusiaSales Tax Exemption Number

85-8012622393C-9Remainder of page is blank

A delivery order is required for the release of items / services from the referenced Master Agreement. If a solicitation number is referenced then the terms and conditions of said solicitation become part of the Master Agreement. Deviation from prices stated is not permitted without a signed corrected Change Order.

If vendor terms and conditions conflict with Count of Volusia Terms and Conditions, the County's Terms and Conditions prevail. See reverse side for terms and conditions.

Purchase Order (PO) or Master Agreement (MA) Terms and ConditionsProviding any good or service constitutes acceptance of this entire PO or MA without exception.

In the event this document is issued based on a solicitation or quote, the terms and conditions of thesolicitation or quote prevail.

Acceptance. Products/Services purchased as result of this PO or MA may be tested for compliance with specifications. Items delivered not in conformance with the specificationsmay be rejected and returned at the Provider's expense. Those items and items not delivered by the delivery date specified in the accepted offer and/or PO or MA may bepurchased on the open market.

Cancellation of Order. A request by either party to PO to cancel the order at no cost.

Delivery. Title and risk of loss shall pass when items have been received, inspected, and accepted by County of Volusia ("County"). All associated shipping, insurance, and otherrelated costs shall be borne by Provider.

Discontinued. Provider shall give County 30 (thirty) days advance notice of a discontinued item(s) so that County can purchase additional quantities of discontinued item(s).County must give written approval of replacement(s) if they exceed previous price or fail to meet quality, form, fit, or function of the discontinued item. Time is of the essenceregarding Performance of Services and this PO or MA can be terminated by the County for convenience, non-appropriation of funds, or non-performance.

Disputes. If such dispute arises under this PO or MA and is not resolved informally by the parties within five (5) business days, the party bringing a claim ("Disputing Party") shalldeliver to the first level representative of the other party a written statement ("Dispute Notice") describing the dispute. If the respective representatives cannot resolve the disputewithin ten (10) days, the dispute shall be escalated through two higher levels of management. If the dispute has not been resolved within 25 (twenty- five) calendar days afterdelivery of the Disputing Partyâ€™s notice, either party may give written notice to the other party declaring the resolution process terminated and pursue other legal recourse orinitiate formal non-binding mediation before a single mediator, which shall be completed within 30 (thirty) days of initiation, in accordance with rules of practice and procedureadopted by the Supreme Court of Florida for court-ordered mediation, Rule 1.700, et seq., of the Florida Rules of Civil Procedure, and Chapter 44, Florida Statutes. If the disputeremains unresolved after conducting such mediation, then either party may proceed to finalize such termination remedies and commence litigation in a court of competentjurisdiction.

Compliance with FEMA 2 CFR 200.318-326 and Appendix II Contract Provisions. This Agreement and the products/services provided may be utilized in the event of declaredState/Federal Emergency and Contractors shall be prepared to comply with the requirements of the FEMA Super Circular CFR 200.318-326 and Appendix II Contract Provisionsas amended. These documents can be found on the Internet at: https://www.gpo.gov/fdsys/granule/CFR-2014-title2-vol1/CFR-2014-title2-vol1-sec200-318

Governing Law/Jurisdiction/Venue. This PO or MA shall be governed by the laws of the State of Florida and venue for any litigation arising from this PO or MA shall be in theCounty of Volusia, Florida, and any trial shall be non-jury. Provider shall comply with all applicable laws and regulations.

Insurance. For goods and services delivered or performed by Provider on County premises, Provider certifies it maintains comprehensive general liability insurance and autoinsurance in the amounts identified in the solicitation and/or contract and any amendments thereto pertaining to this PO or MA, or from an A.M. Best "A -" or better rated insurancefirm authorized by the State of Florida Insurance Commissioner. The County reserves the right to require the "County of Volusia" be named as additional insured for projects whendeemed necessary. For services performed off County premises and goods delivered by third party carriers, the Provider shall use such carriers that maintain such insurancecoverage as set forth above.

Intellectual Property. Provider agrees to protect, defend, indemnify, and save the County, its agents, officials, including elected officials, and employees of the County harmlessfrom and against any and all claims, demands, actions, and causes of action which may arise asserting that a copyright, trademark, trade secret, or patent ("Intellectual Property"),as provided under this PO or MA, infringes or misappropriates any third party's Intellectual Property. If Provider must pay a third party any license, royalty, or other such usage feein order to deliver the item(s) under this PO or MA, such third party and usage fee must be specified in the Provider's offer to sell to the County.

Indemnification. The Contractor shall indemnify, defend and hold harmless the County and its employees, officers, elected and appointed officials, agents, attorneys,representatives, volunteers, divisions, departments, districts, authorities, and associated entities from and against all claims, damages, losses, and expenses, including, but notlimited to attorney's fees, arising out of or resulting from the performance of this Agreement to the extent that any such claim, damage, loss and expense is caused by anynegligent act or omission of the Contractor, anyone directly or indirectly employed by Contractor.

Modification & Assignment. County may unilaterally change, at no additional cost, the quantity and receiving point within the County for items not yet shipped. All other items mustbe mutually agreed upon in writing. County is not required to pay for defective items, back-orders, late deliveries, those quantities exceeding the PO or MA quantity, or itemsshipped at a higher price than stated on the PO or MA. Neither this PO or MA nor any interest herein shall be assigned, transferred, or encumbered by Provider except asauthorized in writing by the County.

Notices. All notices given by one party to the other party under this PO or MA shall be delivered to the receiving party's address set forth on this PO either by hand, qualifiedcourier, or e-mail and shall be deemed received the day after it is transmitted. For the County, it shall be addressed to the Purchasing and Contracts Department, 123 WestIndiana Avenue, 3rd Floor, DeLand, Florida, 32720 or [email protected].

No Waiver. Except as expressly set forth herein, no failure or delay on the part of County in exercising any right, power, or remedy hereunder shall operate as or be deemed awaiver thereof, nor shall any single or partial exercise of any right, power, or remedy preclude any other or further exercise thereof, or the exercise of any other right, power, orremedy.

Order of Precedence. In the event of conflict between this PO or a Master Agreement (MA), the originating Volusia County contract and amendments thereto shall be controlling.This control shall pertain to all specifications and scopes of work included in the originating Volusia County contract and any amendments thereto.

Payment. Except for construction services, which shall be paid pursuant to the Florida Prompt Payment Act, County shall pay Provider within 45 (forty-five) days after receipt of anaccurate and undisputed invoice, unless the County accepts a prompt payment discount from Provider and the goods or services are not defective. Invoice, packing slip, deliveryreceipt, order acknowledgement, and correspondence shall clearly indicate the PO or MA number. Any additional or different terms and conditions on Provider's documents shallbe considered null and void. The County may deduct amounts it is due from Provider's payment or not pay disputed invoices until such dispute is resolved. Nothing in this PO orMA shall create any obligation on the part of the County to pay directly to any subcontractor of Provider any monies due to such subcontractor or claims of such subcontractor foramounts owed by Provider to subcontractor for goods or services provided under this PO or MA.

Sovereign Immunity. The County expressly retains all rights, benefits and immunities of sovereign immunity in accordance with Section 768.28, Florida Statutes. Notwithstandinganything set forth in any section of the Agreement, Master Agreement, and/ or this Purchase Order to the contrary, nothing in any such documents shall be deemed as a waiver ofimmunity or the limitations of liability of the County beyond any statutory limited waiver of immunity or limits of liability which may have been or may be adopted by the FloridaLegislature, and the cap on the amount and liability of the County for damages regardless of the number or nature of claims in tort, equity, or contract shall not exceed the dollaramount set by the legislature for tort. Nothing in the Agreement, Master Agreement, or this Purchase Order shall inure to the benefit of any third party for the purpose of allowingany claim against the County, which would otherwise be barred under the doctrine of sovereign immunity or by operation of law.

Taxes. County is exempt from Manufacturers' Federal Excise Tax (Exemption# 49-6000-885) and Florida sales tax (Exemption# 85-8012622393C-9). Certificates are available atwww.volusia.org/purchasing. After accessing the foregoing website, select, "Doing Business with Volusia County" and "Consumer Certificate of Tax Exemption" from the availablemenu screens to see a copy of the certificates.

Termination for Convenience. The County may cancel the PO or MA in whole or part when it is in the best interest of the County with thirty (30) days notice.

UCC. In addition to any rights or remedies contained in this P.O., each party shall have rights, duties, and remedies available through the Uniform Commercial Code (UCC).

Warranty. Provider warrants that all Work or Services performed under this PO or MA shall be performed in a good and competent workmanlike manner to the satisfaction of theCounty, and materials shall be of good quality (unless otherwise stated on PO or MA), and free from defects and pursuant to specifications and requirements of the contractrelated to this PO or MA.

Volusia County Purchasing & Contracts Division, (rev. 09-19-17 apprvd CHJJ)

ITB 14-B-148AKPage 1 of 6 ATTACHMENT B-Pricing

LABORATORY ANALYSIS AND SAMPLING

DRINKING WATER: Price Per Test VOLATILE ORGANICS Price Per TestPrimary Inorganic Compounds without Asbestos 110.00 Volatile Organics Contaminants (VOCs) 60.00Nitrate 7.00 1,2,4-Tricholorobenzene (120-82-1) 30.00Nitrite 7.00 cis-1,2-Dichloroethylene (156-59-2) 30.00Arsenic 7.00 Total Xylenes 30.00Barium 5.00 Methylene chloride 30.00Cadmium 5.00 1,2-Dichlorobenzene 30.00Chromium 5.00 1,4-Dichlorobenzene 30.00Cyanide 20.00 Vinyl chloride (75-01-4) 30.00Fluoride 7.00 1,1-Dichlorethene 30.00Lead 5.00 trans-1,2-Dichloroethene 30.00Mercury 12.00 1,2-Dichloroethane 30.00Nickel 5.00 1,1,1-Trichlorethane 30.00Selenium 5.00 Carbon tetrachloride 30.00Sodium 5.00 1,2-Dichloropropone 30.00Antimony 5.00 Trichloroethene 30.00Beryllium 5.00 1,1,2-Trichloroethane 30.00Thallium 5.00 Tetrachlorethene 30.00Copper 5.00 Chlorobenzene 30.00Total coliform 10.00 Benzene 30.00Asbestos 110.00 Toulene 30.00

Ethylbenzene 30.00Styrene 30.00

Price Per Test Price Per TestSynthetic Organics Contaminants (SOCs) without Dioxin 450.00 Atazine 45.00Endrin 45.00 Alachlor 45.00gama-BHC(Lindane) 45.00 Heptachlor 45.00Methoxychlor 45.00 Heptachlor epoxide 45.00Toxaphene 45.00 2,4-D 45.00Dalapon 45.00 2,4,5-TP 45.00Diquat 45.00 Hexachlorobenzene 45.00Endothall 45.00 Benso(a)pyrene 45.00Glyphosate 45.00 Pentachlorophenol 45.00Di(2-ethylhexyl) adipate 45.00 PCB 45.00Oxamyl 45.00 1,2-Dibromo-3-chloropropane 45.00Simazine 45.00 1,2-Dibromoethane 45.00bis (2-ethylhexyl) phthalate 45.00 Chlordane 45.00Picloram 45.00 Dioxin 195.00Dinoseb 45.00Hexachlorocyclopentadiene (77-47-4) 45.00Carbofuran 45.00

UTILITIES DIVISION

PESTICIDES AND PCBs

Pace Analytical Services Inc.Company Name:



RADIOLOGICAL Price Per Test OTHER CONTAMINANTS Price Per TestGross Alpa (including Uranium) 35.00 Trihalomethane Analysis 28.00Radium 228 58.00 Total Haloacetic Acids 65.00Radium 226 58.00 Calcium 5.00SECONDARY Price Per Test Magnesium 5.00Secondary Drinking Water Standards 110.00 Potassium 5.00Aluminum 5.00 Total Iron 5.00Chloride 5.00 Total Hardness 10.00Copper 5.00 Calcium Hardness 6.00Fluoride 5.00 Specific Conductance 6.00Iron 5.00 pH 4.00Manganese 5.00 Silica 5.00Silver 5.00 Total Cyanide 20.00Sulfate 5.00 Free Cyanide 20.00Zinc 5.00 Total Alkalinity 8.00Color 5.00 Boron 5.00Odor 5.00 Turbidity 4.00pH 4.00 Ammonia 12.00Total Dissolved Solids 8.00 Unionized Ammonia 12.00Foaming Agents 15.00 Acrylamide & Epichlarohydrin 120.00

Total Nitrogen 24.00Total Phosphorus, as P 12.00Orthophosphate, as P 7.00

UNREGULATED CONTAMINANTS LIST I Price Per Test EXPLOSIVES Price Per TestUnregulated Contaminants LIST I 450.00 1,3-dinitrobenzene 100.00

Selected Pesticides & Flame Retardants: 2,4,6-trinitrotoluene 100.002,2',4,4',5,5'-hexabromobiphenyl 55.00 Hexahydro-1,3,5-trinitro-1,3,5-triazine 100.002,2',4,4',5,5'-hexabromobiphenyl ether 55.002,2',4,4',5-pentabromodiphenyl ether 55.002,2',4,4',6-pentabromodiphenyl ether 55.002,2',4,4-tetrabromodiphenyl ether 55.00Dimethoate 55.00Terbufos sulfone 55.00



WASTEWATER: Price Per Test RECLAIMED WATER ANALYSIS: Price Per TestCopper 5.00 Primary and Secondary Contaminants (Reclaimed Water) 550.00Zinc 5.00 Arsenic 5.00Total Cyanide 20.00 Barium 5.00CBOD 5 15.00 Cadmium 5.00TSS 8.00 Chromium 5.00Fecal Coliform 10.00 Fluoride 7.00Nitrate 7.00 Lead 5.00TDS 8.00 Mercury 12.00Chloride 7.00 Nitrate (as N) 7.00Sodium 5.00 Selenium 5.00Sulfate 7.00 Silver 5.00Giardia 200.00 Sodium 5.00Cryptosporidium 200.00 Ethylene dibromide 25.00Heavy Metals 49.00 Para-dichlorobenzene 25.00Bactericidal quality 225.00 Vinyl chloride 5.00% Solids 5.00 1,1-dichloroethane 5.00Ammonia 12.00 1,2-dichloroethane 5.00Fecal MPN 70.00 1,1,1-trichloroethane 5.00Fluoride 7.00 Carbon tetrachloride 5.00Manganese 5.00 Trichloroethene 5.00Org-N: Organic N (TKN minus NH3-N) 26.00 Tetrachloroethene 5.00TKN: Kjedahl N, Total 16.00 Benzene 5.00Sludge analysis, 503.18 125.00 Total THM 28.00Specific Conductivity 5.00 Endrin 25.00Total Phosphate 12.00 Lindane 25.00Total Phosphorus 12.00 Methoxychlor 25.00TRPH 12.00 Toxaphene 25.00pH 4.00 2.4-D 25.00Turbidity 4.00 2.4.5-TP (Silvex) 25.00OTHER COSTS: Price Per Visit Gross alpha excl. 35.00

Sample Pickup at County Facilities radon and uranium 50.00 Southwest Regional WWTP (DeBary) 12.00 Radium-226 and 58.00 Deltona North WWTP (Deltona) 12.00 Radium-228 58.00 Southeast Regional WWTP (OakHill) 12.00 Chloride 7.00 Halifax Planatation WWTP (Ormond Beach) 12.00 Copper 5.00Tomoka Landfill (Daytona Beach) 12.00 Iron 5.00West Volusia Transfer Station (Deland) 12.00 Manganese 5.00

Sulfate 7.00Zinc 5.00pH (units) 4.00TDS 8.00Foaming Agents 15.00

Emergency Sampling Price Per EventSample Collection within one (1) Hour 100.00Sample Collection within six (6) Hours 50.00Regulatory compliance meetings 25.00



Organics Price Per Test Metals Price Per TestEthane/Ethene 85.00 Aluminum 6.002- Butanone 45.00 Antimony 6.00Lindane 25.00 Arsenic 6.00Endrin 25.00 Barium 6.00Methoxychlor 25.00 Beryllium 6.00Toxaphene 25.00 Cadmium 6.002, 4-D 25.00 Calcium 6.002, 4, 5-TP (silvex) 25.00 Chromium 6.00Ethylene Dibromide (GCS EDB) 25.00 Copper 6.00Vinyl Chloride 5.00 Cobalt 6.001, 2-Dichloroethane 5.00 Iron 6.001, 1, 1-Trichloroethane 5.00 Lead 6.00Trichloroethene 5.00 Magnesium 6.00Tetrachloroethene 5.00 Manganese 6.00Benzene 5.00 Mercury 14.00Carbon Tetrachloride 5.00 Low Level Mercury 70.001,3-Dichlorobenzene 5.00 Molybdenum 6.00Tolune 5.00 Nickel 6.00Xylenes (total) 5.00 Potassium 6.001,2,4-Trichlorobenzene 5.00 Selenium 6.001,4-Dichlorobenzene 5.00 Silver 6.001,2-Dichlorobenzene 5.00 Sodium 6.00Chlorobenzene 5.00 Thallium 6.001,1-Dichloroethylene 5.00 Tin 6.00cis-1,2-Dichloroethylene 5.00 Vanadium 6.001,2-Dichloropropane 5.00 Zinc 6.00Ethylbenzene 5.00 Toxicity Characteristic Leaching Procedure (TCLP) 35.00Styrene 5.00 Arsenic 6.00Trans-1,2-Dichloroethylene 5.00 Barium 6.00Dichloromethane 5.00 Cadmium 6.001,1,2-Trichloroethane 5.00 Chromium 6.00Trihalomethane 5.00 Lead 6.00Chlorinated Phenols 130.00 Mercury 14.00Purgable Halocarbons 601/8260 45.00 Selenium 6.00Purgable Volitals 60.00 Silver 6.00Purgable Aromatics 602/8260 40.00 TCPL Organics – Price includes extraction plus methods

8260,8270,8151,8081 380.00Total Organic Halogens 100.00 Orangic & Demands Price Per TestTotal Recovery Hydrocarbon/FLPRO 60.00 Biochemical Oxygen Demand 15.00Polynuclear Aromatic Hydrocarbs 75.00 Chemical Oxygen Demand 12.00Organic Toxic Pollutants – VOC 60.00 Oil & Grease (1664 HEM & TPH) 32.00Organic Toxic Pollutants – BNA 125.00 Phenols, Total 20.00

SOLID WASTE DIVISION



Organic Toxic Pollutants – Pesticides 95.00 Total Organic Carbon 15.00Organic Toxic Pollutants – VOC 60.00 Total Inorganic Carbon 15.00Total Volatile Solids 12.00

Nutrients Price Per Test Groups Price Per TestAmmonia Nitrogen 12.00 Hazardous Waste CharacterizationAmmonium 12.00 Reactive Cyanide 50.00Kjeldahl Nitrogen, Total 16.00 Reactive Sulfide 50.00Nitrate Nitrogen (IC Anions) 7.00 Metals Price Per TestNitrite Nitrogen (IC Anions) 7.00 RCRA Metals (8) 49.00Nitrogen, Total 23.00 Priortiy Pollutant Metals (13) 79.00Organic Nitrogen 26.00 TAL Metals 110.00

Mircobiological Price Per Test Semi-Volatile OrganicsFecal Coliform 10.00 PAH's by EPA 625 or 8270C 75.00Total Coliform 10.00 Base/Neutrals by EPA 625 or 8270C, PP or TCL list 100.00

Residue/Solids Price Per TestBase/Neutrals and Acid Extractables by EPA 625 or 8270C, PP or TCL List (MSSV) 130.00

Total Dissolved Solids 8.00 BNA RCRA List with TCLP extraction (EPA 1311 & 8270C) 160.00

Total Suspended Solids 8.00 STARS PAH's by EPA 8270C 75.00Percent Solids 4.00 PCB's by EPA 8082 55.00

Field Test Price Per Test Pesticides by EPA 8081 90.00Total Well Depth 0.00 Pesticides & PCB's by EPA 8081/8082 130.00Water Elevation 0.00 Pesticides by EPA 8141 (Orhanophosphorus) 100.00Temperature 0.00 Herbicides-WATER by EPA 8151 or 515.1 105.00Specific Conductance 0.00 Herbicides-SOIL by EPA 8151 115.00Dissolved Oxygen 0.00 Toxicity Characteristic Leaching Procedure (TCLP) Price Per TestpH 0.00 TCLP Metals 79.00Turbidity 0.00 TCLP Volatile Organics 90.00

Miscellaneous Price Per Test TCLP Pesticides 120.00Alkalinity/Bicarbonates as HCO3 8.00 TCLP Herbicides 120.00Calcium Hardness as CaCO3 6.00 Full TCLP 450.00Chloride (IC Anions) 7.00 AHE Extraction 35.00Color 5.00 SPLP Extraction 35.00Cyanide 20.00 Volitile Organics Price Per TestCorrosivity 20.00 BTEX + MTBE by EPA 624 or 8260B 35.00Flouride 7.00 VOHs by EPA 624 or 8260B 60.00Sulfides 20.00 VOC's by EPA 624 or 8260B (chlorinated and aromatic

compounds), 8260 MSV 60.00Odor 5.00 VOC's by EPA 8021 (chlorinated and aromatic compounds) 80.00pH 4.00 VOC's by GC/MS EPA 624 or 8260B 60.00Sulfate 7.00 NYSDEC STARS List VOC's by EPA 8260B 60.00Total Alkalinity 8.00 Miscellaneous Price Per TestTotal Hardness as CaCO3 10.00 40 CFR Part 258 Appendix I 155.00Total Phosphorus 12.00 40 CFR Part 258 Appendix II 650.00Total Phosphate 12.00 Primary Metals 62-550.310(1)(a) 90.00Chlorophyll A 28.00 Primary VOC 62-550.310(2)(C) 60.00Surfactants (foaming agents) 15.00 Full Primary Drinking Water Scan 62-550.310 850.00

Secondary Drinking Water Scan 62-550.320(1) 110.00Field Parameters 0.00

40.0075.00Hourly Rate for time in field after regular working hours (nights, weekends and county recognized holidays

Hourly Rate for time in field during regular working hours (8:00 a.m. to 5:00 p.m. Monday through Friday

dchaffman

Typewritten Text

***

dchaffman

Typewritten Text

*** Field Test are included in Hourly Rates in the field



DefinitionsBNA = Base, Neutral, Acid extractable organicsBTEX = Benzene, Toluene, Ethylbenzene, XylenesCFR = Code of Federal RegulationsMTBE = Methyl Tert-Butyl EtherPAHs = Polynuclear Aromatic HydrocarbonsPCBs = Polychlorinated BiphenylsRCRA = Resource Conservation and Recovery ActSPLP = Synthetic Precipitation Leaching ProcedureTAL = Target Analyte ListTCLP = Toxicity Characteristic Leaching ProcedureTRPH = Total Recoverable Petroleum HydrocarbonsVOAs = Volatile Organic AromaticsVOCs = Volatile Organic CompundsVOHs - Volatile Organic Halogens


Category: Consent Agenda Agenda Item: 7C

Department: Procurement Services Attachments: Piggyback Acknowledgement forms and Sarasota County Contract #1765740200 for Xylem Dewatering Solutions, Inc. and Sunbelt Rentals, Inc. Title: APPROVAL OF THE AGREEMENTS WITH SUNBELT RENTALS, INC. AND WITH XYLEM DEWATERING SOLUTIONS, INC., D/B/A GODWIN PUMPS OF AMERICA, FOR BYPASS PUMP RENTALS, EMERGENCY, AND NON-EMERGENCY (PBA-18-007) Summary: Procurement Services has extensively researched contracts for Field Services and Treatment Operations to utilize for the daily, weekly, and monthly rental of various types of pumps and related equipment to be used on an as-needed basis. The intent is to piggyback the contract of a larger agency in order to obtain better pricing than by issuing our own solicitation.

In June of this year, Procurement located a Hillsborough County Bid #P-0150 that had been awarded to Xylem and to United Rentals. However, Xylem advised that this bid was for dewatering pumps and did not include extra hoses and accessories that are needed for storm water rentals and; therefore, recommended Hillsborough’s #P-0189 for TWA’s purposes. Unfortunately, this contract expires in November of this year and will need to be rebid as TWA has an immediate need for these services.

After further research, Procurement found that in December of 2016, Sarasota County Utilities competitively bid for “trash and bypass pump rentals, both emergency and non-emergency.” In May of 2017, the County awarded contracts to Xylem Dewatering Solutions, Inc., d/b/a Godwin Pumps of America, and to Sunbelt Rentals, Inc., for these services The County’s contracts are in effect through August 14, 2020, and may be renewed for up to two additional one-year periods.

TWA’s costs are estimated to be approximately $572,000 annually. Field Services staff estimated $500,000 and Operations estimated $72,000 for the year.

The Authority’s one-year Agreement term will commence on October 25, 2017, and continue through October 24, 2018, with the option to extend subject to written notice of agreement.


Category: Consent Agenda Agenda Item: 7C

Total Cost: Approximately $572,000

Recommended Action: Staff recommends approval to piggyback Sarasota County’s Utilities Contract #1765740200 with Xylem Dewatering Solutions, Inc., d/b/a Godwin Pumps of America, and with Sunbelt Rentals, Inc., for bypass pump rentals. Initials:tlp/fh

PBA-18-007

Page 1 of 1

ACKNOWLEDGEMENT

This Acknowledgement is to declare that the TOHOPEKALIGA WATER AUTHORITY (hereinafter referred to as

the “AUTHORITY”) hereby enters into an Agreement with SUNBELT RENTALS, INC., 2341 Deerfield Drive, Fort

Mill, South Carolina 29715 (hereinafter referred to as the “CONTRACTOR”) for the provision of Bypass Pump

Rentals, Emergency and Non-Emergency.


I. ACCEPTANCE

This Contract constitutes the CONTRACTOR’s acceptance of the AUTHORITY’s request to piggyback the

Sarasota County Contract No. 1765740200, titled “Trash and Bypass Pump Rentals - Emergency and Non-

Emergency,” with all of the same terms, conditions, and pricing contained therein. The Contract, assigned

PBA-18-007 by the AUTHORITY for tracking purposes, is attached hereto as Exhibit ‘A’ and hereby

incorporated into this Agreement.

II. TERM CONTRACT

A. This Contract shall be effective October 25, 2017, through October 24, 2018. Unit pricing shall be

in accordance with Sarasota County Contract No. 1765740200.

B. This contract may be renewed upon mutual consent of the parties, provided Sarasota County renews

its Contract No. 1765740200 with the CONTRACTOR. Renewal of this Contract shall be at the

AUTORITY’s sole discretion.

C. This Contract may be canceled or terminated as provided for in Exhibit ‘A.’



SUNBELT RENTALS, INC. TOHOPEKALIGA WATER AUTHORITY

By: _________________________ By: ___________________________

Print Name: __________________ Print Name: Tom E. White

Title: ________________________ Title: Chair Ex-Officio

Date: __________________________

Attest: ______________________ Attest: _________________________

Print Name: __________________ Print Name: Nilsa Diaz

Address: _____________________ Address: 951 Martin Luther King Blvd.

____________________________ Kissimmee, Florida 34741

STATE OF ___________________

COUNTY OF _________________

The foregoing instrument was executed before me this _______ day of __________________, 2017, by

____________________ as ____________________ of Sunbelt Rentals, Inc., who personally swore or affirmed that

he is authorized to execute this contract and thereby bind the Company, and who is personally known to me OR has

produced identification.

(Stamp) ___________________________________

Notary Public, State of ________________

PBA-18-007

Page 1 of 1

ACKNOWLEDGEMENT

This Acknowledgement is to declare that the TOHOPEKALIGA WATER AUTHORITY (hereinafter referred to as

the “AUTHORITY”) hereby enters into an Agreement with XYLEM DEWATERING SOLUTIONS, INC., d/b/a

Godwin Pumps of America, 84 Floodgate Road, Bridgeport, New Jersey 08014 (hereinafter referred to as the

“CONTRACTOR”) for the provision of Bypass Pump Rentals, Emergency and Non-Emergency.


I. ACCEPTANCE

This Contract constitutes the CONTRACTOR’s acceptance of the AUTHORITY’s request to piggyback the

Sarasota County Contract No. 1765740200, titled “Trash and Bypass Pump Rentals - Emergency and Non-

Emergency,” with all of the same terms, conditions, and pricing contained therein. The Contract, assigned

PBA-18-007 by the AUTHORITY for tracking purposes, is attached hereto as Exhibit ‘A’ and hereby

incorporated into this Agreement.

II. TERM CONTRACT

A. This Contract shall be effective October 25, 2017, through October 24, 2018. Unit pricing shall be

in accordance with Sarasota County Contract No. 1765740200.

B.

C. This contract may be renewed upon mutual consent of the parties, provided Sarasota County renews

its Contract No. 1765740200 with the CONTRACTOR. Renewal of this Contract shall be at the

AUTORITY’s sole discretion.

D. This Contract may be canceled or terminated as provided for in Exhibit ‘A.’



XYLEM DEWATERING SOLUTIONS, INC.,

D/B/A GODWIN PUMPS OF AMERICA TOHOPEKALIGA WATER AUTHORITY

By: _________________________ By: ___________________________

Print Name: __________________ Print Name: Tom E. White

Title: ________________________ Title: Chair Ex-Officio

Date: __________________________

Attest: ______________________ Attest: _________________________

Print Name: __________________ Print Name: Nilsa Diaz

Address: _____________________ Address: 951 Martin Luther King Blvd.

____________________________ Kissimmee, Florida 34741

STATE OF ___________________

COUNTY OF _________________

The foregoing instrument was executed before me this _______ day of __________________, 2017, by

____________________ as ____________________ of Xylem Dewatering Solutions, Inc., d/b/a Godwin Pumps of

America, who personally swore or affirmed that he is authorized to execute this contract and thereby bind the

Company, and who is personally known to me OR has produced identification.

(Stamp) ___________________________________

Notary Public, State of ________________


Category: Consent Agenda Agenda Item: 7D

Department: Procurement Services Attachments: Amendment #3 to the Agreement with Premier Lawn Maintenance, LLC, and Amendment #1 to the Agreement with Crew Labor Maintenance Management Group Title: APPROVAL TO RENEW AGREEMENTS FOR LAWN MAINTENANCE SERVICES FOR THE WATER PLANTS AND OTHER FACILITIES (RFP-16-006) Summary: In October of 2015, a Request for Proposals (RFP-16-006) was issued for lawn maintenance of water plants, water treatment plants, and facilities. Services inlcuded the mowing, trimming, and edging of grass and the application of weed killer to rock beds. These services were to be performed for 73 TWA sites, including water treatment plants, wastewater plants, and other facilities located throughout our service area. At the November 18, 2015 meeting, the Board approved award of RFP-16-006 to Premier Lawn Maintenance, LLC for the waste water plants, and to Crew Labor Maintenance Management Group, LLC for the water treatment plants. The initial Agreement was awarded for two years with the options to renew upon mutual agreement of the parties. The mowing services were awarded to two firms because TWA had difficulty finding a single firm that could service all the locations effectively. Within a period of less than two years, the mowing agreement had to be canceled twice for poor performance. Since award to Premier Lawn Maintenance, LLC and Crew Labor Maintenance Management Group, LLC, the number of complaints from the community has dropped dramatically. Both Contractors have discharged their responsibilities successfully. In addition, in the event one of the contractors is unable to perform, both contract allow for each contractor to provide mowing services for the other’s assigned locations so TWA is not placed in a bind. TWA staff requests to renew both Agreements for lawn maintenance services for an additional one-year period through November 18, 2018, at the same pricing, terms, and conditions. The two previous amendments for Premier Lawn Maintenance, LLC were for the addition or deletion of locations.

Total Costs: $300,000 annually


Category: Consent Agenda Agenda Item: 7D

Recommended Action: Staff recommends approval to extend the contracts with Premier Lawn Maintenance, LLC, and with Crew Labor Maintenance Management Group, LLC, for an additional one-year period. Initials: tp/fh

AMENDMENT #1

TO THE AGREEMENT BETWEEN

TOHO WATER AUTHORITY AND

CREW LABOR MAINTENANCE MANAGEMENT GROUP, LLC

THIS AMENDMENT is made and entered between TOHOPEKALIGA WATER

AUTHORITY, 951 Martin Luther King Boulevard, Kissimmee, Florida 34741 (hereinafter

referred to as the “AUTHORITY”) and CREW LABOR MAINTENANCE MANAGEMENT

GROUP, LLC, 1576 Stargazer Terrace Suite 14, Sanford, FL 32771 (hereinafter referred to as

the “CONTRACTOR”).

W I T N E S S E T H:

WHEREAS, the AUTHORITY desires to maintain the contractual services of the

CONTRACTOR to provide landscaping services as further described in the Agreement RFP-16-

006, approved by the Board of Supervisors on November 18, 2015, between the AUTHORITY

and the CONTRACTOR; and

WHEREAS, pursuant to Section 23, titled “Modifications,” the covenants, terms and

provisions of the Agreement may be modified by way of a written instrument, mutually accepted

by the parties; and

WHEREAS, the purpose of this Amendment is to extend the term of the Agreement;

NOW, THEREFORE, in consideration of the mutual covenants, terms, and provisions

contained herein, the parties agree as follows:

1. Section 3, titled “Term” is hereby amended to read as follows:

SECTION 3. TERM

The term of this Agreement is hereby amended to extend through November

18, 2018, and may be extended upon mutual agreement of both parties when

in the best interest of the AUTHORITY.

2. Section 4, titled “COMPENSATION,” is hereby amended to read as follows:

SECTION 4. COMPENSATION

The amount to be paid under this Agreement for services rendered shall

remain the same as quoted in the original bid submitted that is contained in

Exhibit “A” to the Agreement.

3. These changes shall be effective upon this Amendment being executed by

both parties.

4. The terms and conditions of the original Agreement and any subsequent

Amendment(s) shall remain in full force and effect. To the extent of any

conflict between this Amendment and the original Agreement or any prior

Amendment(s) thereto, the terms and conditions of this Amendment shall

prevail.

IN WITNESS WHEREOF, the parties hereto, by their duly authorized representatives,

have executed this Amendment effective the _____ day of _______________, 2017.

CREW LABOR MAINTENANCE

MANAGEMENT GROUP, LLC

By: ____________________________

Print Name: _____________________

Title: ___________________________

Attest: __________________________

Print Name: ______________________

Address: ________________________

_______________________________

TOHO WATER AUTHORITY

By: ____________________________

Print Name: Tom E. White

Title: Board of Supervisors Interim

Chairman

Attest: __________________________

Print Name: ______________________

Address: 951 Martin Luther King Blvd.

Kissimmee, Florida 34741

STATE OF ________________

COUNTY OF ______________

The foregoing instrument was executed before me this ___ day of __________, 2017, by

____________________ as ____________________ of Crew Labor Maintenance Management

Group, LLC, who personally swore or affirmed that he is authorized to execute this contract and

thereby bind the Company, and who is personally known to me OR has produced identification.

_____________________________


(Stamp)

AMENDMENT #3

TO THE AGREEMENT BETWEEN

TOHO WATER AUTHORITY AND

PREMIER LAWN MAINTENANCE, LLC


AUTHORITY, 951 Martin Luther King Boulevard, Kissimmee, Florida 34741 (hereinafter

referred to as the “AUTHORITY”) and PREMIER LAWN MAINTENANCE, LLC, 1012

Savage Court, Longwood, Florida 32750 (hereinafter referred to as the “CONTRACTOR”).


WHEREAS, the AUTHORITY desires to maintain the contractual services of the

CONTRACTOR to provide landscaping services as further described in the Agreement RFP-16-

006, approved by the Board of Supervisors on November 18, 2015, between the AUTHORITY

and the CONTRACTOR; and

WHEREAS, pursuant to Section 23, titled “Modifications,” the covenants, terms and

provisions of the Agreement may be modified by way of a written instrument, mutually accepted

by the parties; and

WHEREAS, the purpose of this Amendment is to extend the term of the Agreement;

NOW, THEREFORE, in consideration of the mutual covenants, terms, and provisions

contained herein, the parties agree as follows:

1. Section 3, titled “Term” is hereby amended to read as follows:

SECTION 3. TERM

The term of this Agreement is hereby amended to extend through November

18, 2018, and may be extended upon mutual agreement of both parties when

in the best interest of the AUTHORITY.

2. Section 4, titled “COMPENSATION,” is hereby amended to read as follows:

SECTION 4. COMPENSATION

The amount to be paid under this Agreement for services rendered shall

remain the same as quoted in the original bid submitted that is contained in

Exhibit “A” to the Agreement.

3. These changes shall be effective upon this Amendment being executed by

both parties.

4. The terms and conditions of the original Agreement and any subsequent

Amendment(s) shall remain in full force and effect. To the extent of any

conflict between this Amendment and the original Agreement or any prior

Amendment(s) thereto, the terms and conditions of this Amendment shall

prevail.

IN WITNESS WHEREOF, the parties hereto, by their duly authorized representatives,

have executed this Amendment effective the _____ day of _______________, 2017.

PREMIER LAWN MAINTENANCE,

LLC

By: ____________________________

Print Name: _____________________

Title: ___________________________

Attest: __________________________

Print Name: ______________________

Address: ________________________

_______________________________


By: ____________________________

Print Name: Tom E. White

Title: Board of Supervisors Interim

Chairman

Attest: __________________________

Print Name: ______________________

Address: 951 Martin Luther King Blvd.

Kissimmee, Florida 34741

STATE OF ________________

COUNTY OF ______________

The foregoing instrument was executed before me this ___ day of __________, 2017, by

____________________ as ____________________ of Premier Lawn Maintenance, LLC, who

personally swore or affirmed that he is authorized to execute this contract and thereby bind the

Company, and who is personally known to me OR has produced identification.

_____________________________


(Stamp)


Category: Consent Agenda Agenda Item: 7E

Department: Engineering Services Attachments: Location Map, Interlocal Agreement Title: HOAGLAND BOULEVARD REALIGNMENT AND WIDENING PHASE 2 AND 3 PROJECT INTERLOCAL AGREEMENT WITH OSCEOLA COUNTY Summary: The Board is requested to approve an Interlocal Agreement with Osceola County for the Hoagland Boulevard Realignment and Widening Phase 2 and 3 Project. The County is realigning and widening Hoagland Boulevard from 5th Street to Pleasant Hill Rd in two phases. Phase 2 extends the new alignment from 5th street south terminating approximately 600 feet from Pleasant Hill Road. Phase 3 extends from the Phase 2 termination to Pleasant Hill Road and also widens the existing Pleasant Hill Road from US17-92 to Old Tampa Highway. In conjunction with the roadway work, approximately 6,000 feet of 12 inch water main to provide services to future properties along the new alignment will be extended with Phase 2. Phase 3 includes relocation of an existing 12 inch water main and a 2 inch force main required by the roadway widening for Pleasant Hill Road. Additionally, a 36 inch reuse transmission main within the work limit of phase 2 will be relocated to accommodate the roadway realignment but this work is not included in this project. The 36 inch Pre-stressed Concrete Cylinder Pipe (PCCP) is a critical asset that provides reuse disposal from several Water Reclamation Facilities throughout TWA’s service area to the Rapid Infiltration Basins (RIB) located in western Osceola County. The relocation of this main will be constructed as a separate project by the Authority to ensure a qualified contractor familiar with specialized PCCP construction techniques will be awarded the contract. An Interlocal Agreement with the County for Phase 2 and 3 has been negotiated to bid and construct the roadway and utility work as one project except for the 36 inch reuse main. The Authority’s construction plans and technical specifications will govern the utility construction requirements for the project. The Authority’s staff will have approval authority for the utility construction including acceptance of the work, pay request approval, and change order negotiation. The Authority will be responsible for payment of construction work related to utility construction and a prorated cost for Construction


Category: Consent Agenda Agenda Item: 7E

Engineering Inspection (CEI) services to be retained by the County. Maintenance of Traffic and Clearing and Grubbing will be funded by the County at no cost to TWA.

The County is scheduled to bid Phase 2 in March 2018 and Phase 3 in September 2018. If the cost of the 12 inch water main extension for phase 2 is deemed not reasonable, it will be removed from the project. However, the existing water main relocation for Phase 3 will have to be constructed to accommodate the roadway widening. The construction low bid for each phase will be submitted to the Board for approval following the bid opening and evaluation.

The agreement has been reviewed and approved by the Authority’s Legal Department.

Total Costs: NA

Recommended Action: Staff requests approval of an Interlocal Agreement with the County for the Hoagland Blvd. Realignment Phase 2 and 3 project. Initials: LZ

lzhou

Polygonal Line

lzhou

Polygonal Line

lzhou

Polygonal Line

lzhou

Callout

Phase 2

lzhou

Callout

Phase 3

lzhou

Text Box

Hoagland Blvd Phase 2 and 3 Map

Return to: Office of General Counsel Tohopekaliga Water Authority 951 Martin Luther King Blvd. Kissimmee, FL 34741

INTERLOCAL AGREEMENT BETWEEN

OSCEOLA COUNTY, FLORIDA AND

TOHOPEKALIGA WATER AUTHORITY RELATING TO

UTILITY INSTALLATION FOR HOAGLAND BOULEVARD, PHASE 2 AND PHASE 3

THIS INTERLOCAL AGREEMENT is entered into by and between Osceola County, Florida, a political subdivision of the State of Florida, 1 Courthouse Square, Kissimmee, Florida 34741, hereinafter referred to as the “COUNTY”, and Tohopekaliga Water Authority, an independent special district established and created pursuant to Chapter 189, Florida Statutes, by special act of the Florida Legislature, 951 Martin Luther King Boulevard, Kissimmee, Florida 34741, hereinafter referred to as “TWA”. WHEREAS, Section 163.01, Florida Statutes, known and cited herein as the “Florida Interlocal Cooperation Act of 1969” or the “Act”, authorizes local governmental units to make the most efficient use of their powers by enabling them to cooperate with each other; and WHEREAS, under the Act, the COUNTY and TWA may exercise jointly with each other or another government any power, privilege, or authority which such governments share in common and which each might exercise separately; and WHEREAS, the objectives of this Interlocal Agreement achieve a public purpose, and each of the parties represents to the other that it has the power, privilege, and authority to undertake and enter into this Interlocal Agreement; and WHEREAS, the COUNTY will be widening and constructing improvements to Hoagland Boulevard as set forth on the Hoagland Boulevard Construction Plans, Phase 2, prepared by Infrastructure Engineers, Inc., and approved by the COUNTY, hereinafter referred to as the “Hoagland Phase 2 Improvements”; and WHEREAS, the COUNTY will be widening and constructing improvements to Hoagland Boulevard as set forth on the Hoagland Boulevard Construction Plans, Phase 3, prepared by Hanson, Walter & Associates, Inc., and approved by the COUNTY, hereinafter referred to as the “Hoagland Phase 3 Improvements”; and WHEREAS, the Hoagland Phase 2 Improvements and the Hoagland Phase 3

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Improvements are hereinafter collectively referred to as the “Hoagland Improvements”; and WHEREAS, TWA currently owns, operates, and maintains utility facilities within the existing Hoagland Boulevard right-of-way and desires to continue to own, operate, and maintain utility facilities within said right-of-way after completion of the Hoagland Improvements; and WHEREAS, the COUNTY agrees to construct new potable water utility facilities for Hoagland Boulevard Phase 2 and/or to relocate and/or adjust the existing TWA potable water and wastewater utility facilities for Hoagland Boulevard Phase 3 within the Hoagland Boulevard right-of-way in accordance with the TWA Utility Construction Plans for Hoagland Boulevard Phase 2 and Phase 3, respectively, prepared by Hanson, Walter & Associates, Inc., and approved by TWA and the COUNTY, hereinafter collectively referred to as the “Utility Improvements”; and WHEREAS, the Utility Improvements to be relocated and/or adjusted pursuant to this Interlocal Agreement shall not include any existing TWA reclaimed water utility facilities; and WHEREAS, the COUNTY and TWA agree that the Utility Improvements will be performed by the COUNTY on behalf of TWA according to the conditions described herein; and WHEREAS, the COUNTY and TWA agree to cooperate and coordinate in the construction of the Hoagland Improvements and the Utility Improvements, hereinafter collectively referred to as the “Project”, in an economic, timely, and efficient manner. NOW, THEREFORE, in consideration of the terms, conditions, promises, covenants, and payments hereinafter set forth, the parties hereby agree as follows: Section 1. The above recitals are true and correct and are incorporated into this Interlocal Agreement. Section 2. TWA shall prepare, at its own expense, the design and plans for the Utility Improvements, and shall furnish to the COUNTY a suitable copy of the plans on standard size sheets (11” X 17”), together with a complete set of technical specifications covering all construction requirements for the Utility Improvements. The specifications shall include a “Summary of Quantities” sheet. The plans shall be certified by an engineer licensed by the State of Florida. Section 3. The COUNTY shall, pursuant to its established purchasing policies and procedures, advertise for and receive bids for the Project. The plans and specifications for the Hoagland Improvements and the Utility Improvements shall be separately identified. Any person or firm desiring to bid shall be required to bid on the entire Project.

3

If TWA, in its sole discretion, determines that the bids for the Utility Improvements for Hoagland Boulevard Phase 2 are not acceptable, TWA shall have the right to exclude said Utility Improvements from the Project. In such case, TWA shall notify the COUNTY and the parties agree that the Project shall include only the Utility Improvements for Hoagland Boulevard Phase 3. TWA shall at all times have the right to inspect and approve or reject the work associated with the Utility Improvements and shall do so in a timely manner. The COUNTY shall invoice TWA monthly for all work associated with the Utility Improvements which has been completed and accepted by TWA during the previous thirty (30)-day period. TWA agrees to remit payment to the COUNTY for said services within thirty (30) days of TWA’s approval of same in accordance with Section 5 hereof. Section 4. In the event that conflicts arise between the Hoagland Improvements and the Utility Improvements, the COUNTY shall provide reasonable notice of Project meetings and TWA shall attend the Project meetings held by the COUNTY to promptly facilitate resolution of the conflict. In the event the conflict requires the COUNTY to conduct additional relocations and/or adjustments of TWA utility facilities as approved by TWA, the work associated therewith shall be processed by the COUNTY and TWA as set forth in Section 3 hereof. Section 5. TWA shall be responsible for all costs associated with the Utility Improvements, including construction costs, permitting, preparation of plans, construction administration, engineering certifications, and CEI services. The details of the costs are more particularly described on Exhibit A attached hereto. Section 6. TWA and the COUNTY agree to coordinate closely on the schedule for the Project. Should the COUNTY’s work be delayed due to an intentional or unreasonable delay by TWA, TWA shall be responsible for any and all costs associated with the resulting time delays to the extent that said delays relate to the COUNTY’s portion of the work being performed. Any delays caused by TWA’s rejection of non-conforming work shall not be construed as intentional or unreasonable delays. Time delay claims shall be limited to critical tasks as defined by the construction schedule in effect at the time of the delay. Likewise, should TWA’s utility work be delayed due to an intentional or unreasonable delay by the COUNTY, the COUNTY shall be responsible for any and all costs associated with the resulting time delays to the extent that said delays relate to TWA’s portion of the work being performed. The COUNTY shall be responsible for any and all costs associated with the resulting time delays to TWA’s portion of the work being performed by the COUNTY. Time delay claims shall be limited to critical tasks as defined by the construction schedule in effect at the time of the delay. If, during the course of construction, temporary planned or unplanned cessation of TWA’s utility services occurs due to construction activities, it shall not constitute a

4

breach of this Interlocal Agreement on the part of either party hereto and neither party shall be liable to the other for damage resulting from such cessation of services. This release of liability shall not be construed to release the COUNTY’s contractor or its subcontractors awarded the construction contract or any other third party from any liability for any damage from any cause whatsoever. Section 7. All clearing and grubbing and maintenance of traffic within the Hoagland Improvements construction limits shall be performed by the COUNTY at no cost to TWA. TWA will be responsible for clearing and grubbing and maintenance of traffic costs outside the Hoagland Improvements construction limits for construction of the TWA Utility Improvements. Section 8. The COUNTY will insure that all necessary construction and dewatering permits for the Hoagland Improvements also meet the needs of TWA’s proposed Utility Improvements; however, TWA is responsible for obtaining all permits that are specific to the relocations and/or adjustments of its existing utility lines only as they relate to FDEP potable water and wastewater permits. The COUNTY shall waive the right-of-way permit and all associated fees for TWA’s utility work for this Project. TWA will waive water and wastewater impact fees for temporary construction facilities for this Project. Section 9. At all times subsequent to completion of the Project, TWA shall obtain the necessary permits in order to maintain and/or repair the utility lines located in the relevant COUNTY right-of-way. In the event of an emergency, TWA shall notify the COUNTY of its need to work in the right-of-way, but, at the very least, will ensure proper maintenance of traffic during the repair work. TWA’s continued use of the subject right-of-way shall not unreasonably impede the use of the roadway or the COUNTY’s use and/or enjoyment of same. Section 10. TWA has the right to participate in any dispute resolution proceedings with the contractor related to TWA utility work so long as TWA pays its proportionate share of any associated costs. Proportionate share of the associated dispute resolution costs shall be determined by the proportionate contract value of the disputed item to the overall Project value. The COUNTY, to the extent provided by law, shall defend, save, and hold harmless TWA from any and all legal actions, claims, or demands by any person or legal entity against TWA arising out of any negligent act of the COUNTY’s officers, employees, servants, or agents during construction of the Project. TWA, to the extent provided by law, shall defend, save, and hold harmless the COUNTY from any and all legal actions, claims, or demands by any person or legal entity against the COUNTY arising out of any negligent act of TWA’s officers, employees, servants, or agents during construction of the Project. However, nothing contained herein shall constitute a waiver of either party’s sovereign immunity and the limitations set forth in Section 768.28, Florida Statutes, or be construed to extend such immunity and limitations to any person or entity other than the COUNTY or TWA. Section 11. This Interlocal Agreement, including referenced plans, exhibits, and

5

attachments hereto, constitutes the entire agreement between the parties and shall supersede, replace, and nullify any and all prior agreements or understandings, written or oral, relating to the matters set forth herein, and any such prior agreements or understandings shall have no force or effect whatsoever on this Interlocal Agreement. Section 12. The laws of the State of Florida shall govern all aspects of this Interlocal Agreement. In the event it is necessary for either party to initiate legal action regarding this Interlocal Agreement, venue shall lie in Osceola County, Florida. The parties hereby waive their right to trial by jury in any action, proceeding, or claim arising out of this Interlocal Agreement which may be brought by either of the parties hereto. Section 13. All clauses found herein shall act independently of each other. If a clause is found to be illegal or unenforceable, it shall have no effect on any other provision of this Interlocal Agreement. It is understood by the parties hereto that if any part, term, or provision of this Interlocal Agreement is by the courts held to be illegal or in conflict with any law of the State of Florida or the United States, the validity of the remaining portions or provisions shall not be affected, and the rights and obligations of the parties shall be construed and enforced as if the Interlocal Agreement did not contain the particular part, term, or provision held to be invalid. Section 14. Failure of the parties to insist upon strict performance of any of the covenants, terms, provisions, or conditions of this Interlocal Agreement, or to exercise any right of option herein contained, shall not be construed as a waiver or a relinquishment for the future of any such covenant, term, provision, or condition, or right of election, but same shall remain in full force and effect. Section 15. The parties hereto agree and understand that written notice, mailed or delivered to the last known mailing address, or address provided by the other party, shall constitute sufficient notice to the COUNTY and TWA. All notices required and/or made pursuant to this Interlocal Agreement to be given to the COUNTY and TWA shall be in writing and given by way of the United States Postal Service, first class mail, postage prepaid, addressed to the following addresses of record:

COUNTY: Osceola County Attn.: County Manager 1 Courthouse Square, Suite 4700 Kissimmee, Florida 34741

Copy to: Osceola County Public Works Department

Attn.: Public Works Administrator 1 Courthouse Square, Suite 3100 Kissimmee, Florida 34741

6

TWA: Tohopekaliga Water Authority Attn.: Executive Director 951 Martin Luther King Boulevard Kissimmee, Florida 34741

Copy to: Tohopekaliga Water Authority

Attn.: Director of Engineering 951 Martin Luther King Boulevard Kissimmee, Florida 34741

Section 16. The covenants, terms, and provisions of this Interlocal Agreement may be modified by way of a written instrument, mutually accepted by the parties hereto and executed with the same formality as this Interlocal Agreement. In the event of a conflict between the covenants, terms, and/or provisions of this Interlocal Agreement and any written amendments hereto, the provisions of the latest executed instrument shall take precedence. Section 17. This Interlocal Agreement shall be construed as resulting from joint negotiation and authorship. No part of this Interlocal Agreement shall be construed as the product of any one of the parties hereto. Section 18. Prior to its effectiveness, this Interlocal Agreement and any subsequent amendments hereto shall be filed with the Clerk of the Circuit Court for Osceola County as required by the Act. Section 19. The COUNTY’s Public Works Director or a designee shall, on behalf of the COUNTY, be responsible for the day-to-day administration of this Interlocal Agreement and for the administration of construction contracts entered into pursuant to this Interlocal Agreement. TWA’s Executive Director or a designee shall, on behalf of TWA, be responsible for the day-to-day administration of this Interlocal Agreement and for the administration of construction contracts entered into pursuant to this Interlocal Agreement. Section 20. This Interlocal Agreement shall remain in full force and effect until terminated by mutual written agreement of the parties.

[Remainder of page intentionally left blank.]

7

IN WITNESS WHEREOF, the parties have caused this Interlocal Agreement to be duly executed, by and through their authorized representatives, on the respective dates set forth below.

BOARD OF COUNTY COMMISSIONERS OSCEOLA COUNTY, FLORIDA, a political subdivision of the State of Florida

(SEAL)

By:________________________________ Chairman/Vice Chairman

Date:______________________________

ATTEST: ________________________________ Clerk/Deputy Clerk of the Board STATE OF FLORIDA COUNTY OF OSCEOLA The foregoing instrument was acknowledged before me this ____ day of ________________, 2017, by ________________________, as Chairman/Vice Chairman of the Board of County Commissioners of Osceola County, Florida, a political subdivision of the State of Florida, on behalf of the county. He/She [ ] is personally known to me or [ ] has produced ________________________ as identification.

___________________________________ Signature of Notary Public

(Notary Seal) ___________________________________ Name of Notary Typed, Printed or Stamped

8

IN WITNESS WHEREOF, the parties have caused this Interlocal Agreement to be duly executed, by and through their authorized representatives, on the respective dates set forth below.

TOHOPEKALIGA WATER AUTHORITY, an independent special district established and created pursuant to Chapter 189, Florida Statutes, by special act of the Florida Legislature

(SEAL)

By:________________________________ Tom White, Chair Ex-officio Board of Supervisors

Date:______________________________

ATTEST: ________________________________ Clarence L. Thacker, Secretary Board of Supervisors STATE OF FLORIDA COUNTY OF OSCEOLA The foregoing instrument was acknowledged before me this ____ day of ________________, 2017, by Tom White, as Chair Ex-officio of the Board of Supervisors of Tohopekaliga Water Authority, an independent special district established and created pursuant to Chapter 189, Florida Statutes, by special act of the Florida Legislature, on behalf of the district. He [ ] is personally known to me or [ ] has produced ________________________ as identification.

___________________________________ Signature of Notary Public

(Notary Seal) ___________________________________ Name of Notary Typed, Printed or Stamped

EXHIBIT A TWA will be responsible for all direct costs associated with the Utility Improvements including the following:

1. Permitting 2. Preparation of Plans and Specifications 3. Construction Administration

a. Daily documentation and verification of quantity of materials incorporated into the Project

b. Site inspections and testing (except for density testing and testing of materials incorporated into the backfill)

c. Daily recording of construction activities d. Review and approval of monthly invoices e. Conflict resolution f. Review and responses to requests for information g. Review and approval of shop drawings associated with the Utility

Improvements h. Plan revisions

4. Engineering Certifications TWA shall reimburse the COUNTY for costs associated with the Utility Improvements which include:

1. Construction Costs including: a. Contract bid items b. Authorized bid item overruns c. Authorized change orders

2. CEI Inspection Costs Density testing on all backfill operations


Category: Consent Agenda Agenda Item: 7F

Department: Engineering Services Attachments: N/A Title: APPROVAL OF ENGINEERING SCOPE OF SERVICES WITH REISS ENGINEERING, INC. FOR THE POTABLE WATER HYDRAULIC MODEL UPDATE Summary: TWA utilizes a potable water hydraulic model as a key tool for long term planning and capital budgeting. The hydraulic model is used to analyze and define capital improvement projects such as plant expansions and major/large diameter line extensions needed to meet service area growth. The hydraulic model is also used by TWA staff to verify service capability for private development projects and analyze pressure issues as they arise in the existing water distribution system. In 2013 Reiss Engineering, Inc. (REI) updated elements of TWA’s potable water hydraulic model to include information from other regional partners/utilities (City of St. Cloud, Reedy Creek Improvement District, Orange County Utilities and Polk Count Utilities) for the Cypress Lake Transmission Conceptual Design project and included a “water wheeling” analysis to ensure efficient and cost effective transmission of water among the partners/utilities. The TWA non-water wheeling portion of the model is out dated and requires updating to incorporate current customer meter demand information, existing new developments, and planned growth such as Sunbridge, Kindred, Neo City and other future developments. The model update will include a water quality component to address disinfection by-products that can develop in the distribution system as water ages and an energy optimization component to improve energy efficiency. Staff has negotiated an engineering scope of services with REI and is requesting Board approval in the amount of $148,328.88 for the Potable Water Hydraulic Model Update. REI will perform the following tasks:

• Update TWA’s hydraulic model to account for the significant development and construction that has occurred. REI will update the structure (pipes, pumps, tanks, etc.) for the potable water hydraulic model based on the most recent GIS system maps.

• Develop potable water demands using customer meter billing data to input into the model.


Category: Consent Agenda Agenda Item: 7F

• Update the control settings in the model for the water treatment plants, remote pump stations and storage tanks for current operating practices to facilitate more accurate model simulations of actual field conditions.

• Perform model simulations for hydraulics and water quality to provide recommendations for improvements. Hydraulic improvements will include pipe routing, sizing of pipe, booster pumping and water treatment plant output pressures to resolve and better distribute existing and future water. Water quality improvements will include pipe looping, treatment improvements, booster pumping, water treatment plant pressure adjustments and future pipe sizing and routing to maintain water quality in the water distribution system. The model simulations will also address specific issues such as movement of water between TWA and Poinciana, interconnection of the Sunbridge development (Northeast District), and recommendations for fire flow demands in the south Kings Highway area.

This work will be completed by REI as an Addendum to the Cypress Lake Potable Water Transmission, Optimization and Interconnection contract. REI’s scope of services will only update the potable water hydraulic model and not the wastewater or reclaimed water systems. Total Costs: Scope of Services proposal in the amount of $148,328.88. This project will be funded by Professional Services. Recommended Action: Staff recommends approval of the Reiss Engineering, Inc. Scope of Services for the Potable Water Hydraulic Model Update in the amount of $148,328.88. Initials: QN


Category: Consent Agenda Agenda Item: 7G

Department: Engineering Services Attachments: Tetra Tech Recommendation of Award Letter, Map Title: APPROVAL OF CONTRACT AWARD FOR THE PHASE 2 – GRAVITY SEWER REHABILITATION AND REPLACEMENT, PROJECT 3: CURED-IN-PLACE PIPE (CIPP) LINING GRAVITY SEWERS AND MANHOLES REHABILITATION (IFB-17-120) Summary: The Board is requested to approve award of the Phase 2 – Gravity Sewer Rehabilitation and Replacement, Project 3: Cured-In-Place Pipe (CIPP) Lining Gravity Sewers and Manholes Rehabilitation construction contract to Insituform Technologies, LLC in the amount of $6,183,354.70. Phase 1 evaluated approximately 542,000 feet of gravity sewer mains (59% in the City of Kissimmee, 41% in Poinciana) and 2,300 manholes based on condition assessment reports, closed-circuit television (CCTV) videos, photos, etc. to determine whether the gravity sewer mains and/or manholes require rehabilitation or replacement or are in good condition. The criteria for replacement versus rehabilitation was determined as follow: Replacement of pipe and/or manhole:

• Broken pipe with out of round deformation • Pipe sag greater than 50% • Major offset between two pipe connections • Laterals protruding too far into the gravity sewer main at the pipe connection or the

lateral is broken off at the pipe connection • Non-TWA utility bored through the pipe • Settlement of manhole • Missing bricks or blocks in the manhole • Undersized or non-standard manhole

Rehabilitation of pipe and/or manhole:

• Cracked or fractured pipe • Minor offset between two pipe connections • Corrosion of iron in metallic pipe • Excessive inflow/infiltration (rain water / groundwater entering the sewer system)



• Minor cracking on precast walls of the manhole • Sulfuric acid corrosion inside the walls of the manhole formed from the release of

hydrogen sulfide gas in the wastewater

Phase 2 developed the construction documents (design drawings and specifications) for the gravity sewer systems assessed in Phase 1. Phase 2 was divided into three projects. Projects 1 and 2 consist of 130 point repairs on existing gravity sewer mains or service laterals that have settled or are otherwise in disrepair. Point repairs replace only a section of the pipeline due to poor/failing conditions and require excavation. Projects 1 and 2 are currently in design and will bid in early 2018. This project, (Project 3) involves rehabilitation of gravity sewer mains, sanitary sewer laterals (a pipe that connects the property owner to the gravity sewer main), and manholes where excavation and pipe/manhole replacement is not required. The gravity sewer mains and sanitary sewer laterals utilize the CIPP process in which a liner is pulled through the existing pipe and is “cured” or treated using a liquid resin to provide a tight fit against the existing pipe and hardens the liner to form a new, seamless pipe within the deteriorated pipe. The existing manholes will be rehabilitated to eliminate groundwater infiltration by grouting any voids in the structures and then providing a coating on the interior surface which will provide added protection. Approximately 92,000 feet of 8-inch, 7,900 feet of 10-inch, 4,400 feet of 12-inch, 2,300 feet of 15-inch, 1,500 feet of 18-inch, 330 feet of 21-inch and 730 feet of 24-inch gravity sewer mains, totaling approximately 20.7 miles of pipe, will be rehabilitated using the CIPP process in this project. In addition, approximately 200 sanitary sewer laterals will be slip lined and approximately 400 manholes will be sealed and coated. Project 3 was publicly advertised. The bid opening was held on September 14th. Seven bids were received and are summarized below:

Bidder Total Base Bid VacVision Environmental, LLC $5,920,738.00 Lanzo Trenchless Technologies $6,126,658.00 Insituform Technologies, LLC $6,183,354.70 SAK Construction $6,994,208.00 Ric-Man Construction $8,182,463.00 Kenny Construction $8,288,221.00 Benchmark Construction $8,615,630.00



TWA’s Procurement Dept. reviewed and tabulated the bids. Tetra Tech, the design engineer, reviewed the bids, evaluated qualifications and references and recommends award of the project to Insituform Technologies, LLC. Attached is a Recommendation of Award letter from Tetra Tech that provides specific details of the bid evaluation. As discussed in Tetra Tech’s Recommendation of Award letter both VacVision Environmental, LLC and Lanzo Trenchless Technologies did not meet the specific project qualifications required in the bid documents and had poor references. VacVision did not submit the required number of relevant projects for gravity sewer main lining and did not provide a listing of any subcontractors nor any lateral lining project experience as required in the bid submittal. Lanzo Trenchless also did not provide a listing of any subcontractors and did not include any lateral lining project experience. Since the base bid contains lateral lining work that comprises approximately 20% of the total project costs the qualifications criteria required with the bid submittal for lateral lining is essential. TWA has not had a positive experience with VacVision as a continuing contractor. Currently, VacVision is the continuing contractor for sewer cleaning and/or assessment (CCTV inspection) services and is in default of the contract. TWA requested VacVision to perform only cleaning services for gravity sewer mains on a project, but VacVision refused to honor the contract pricing for cleaning services alone and required both cleaning and CCTV inspection. TWA staff have also encountered billing discrepancies submitted by VacVision, a subcontractor complaint for payment issues, and a lack of communication/responsiveness to TWA’s requests for coordination of the work activities with TWA’s Field Services. Due to the issues that TWA has experienced with VacVision, TWA has proceeded to re-advertise for cleaning and CCTV inspection services.

A reference check with the City of Tampa on Lanzo Trenchless revealed issues with their pay applications, meeting project timelines, subcontractors leaving the project due to lack of payment, inability to obtain release of liens, and failure to closeout a project initiated in 2014.

The difference between the low bidder and the recommended award is $262,617 equating to 4.2% of the recommended bid award. The project bid documents incorporated an Alternate Bid which will not be included with the award recommendation for the project. Total Costs: Construction cost award $6,183,354.70; a 10% contingency in the amount of $618,335 is requested for a total budget of $6,801,689.70. This project will be funded by 2016 bonds and budgeted capital improvement funds.



Recommended Action: Staff recommends approval of the contract award for the Phase 2 - Gravity Sewer Rehabilitation and Replacement Project 3: CIPP Lining Gravity Sewers and Manholes Rehabilitation (IFB-17-120) to Insituform Technologies, LLC in the amount of $6,183,354.70 and a construction contingency of $618,335. Initials: QN

W IRLO BRONSON MEMORIAL HWY

LAKE TOHOPEKALIGA

E NEPTUNE RD / 525FLORIDA TURNPIKE

MICH

IGAN

AVE

N JO

HN YO

UNG

PKW

Y

CLAY ST

Location Map for Gravity Sewer Rehabilitation (North) - Project 3

Bid Item VacVision

Environmental LLC

Lanzo Trenchless Technologies

Insituform Technologies LLC

Ric-Man Construction FL

LLC

Kenny Construction

Company

SAK Construction LLC

Benchmark Construction

Bid Form Proposal X X X X X X XBid Bond (5%) X X X X X XAffidavit of Non-Collusion and of Non-Interest of TWA Employees X X X X X XSworn Statement Under Section 287.133(3)(A),Florida Statutes, On Public Entity Crimes X X X X X X

Employee/Subcontractor List X X X X X XQuestionaire X X X X XFlorida Trench Safety Act X X X XAcknowledgement of Addendum #1 (Signed Addendum Form) (1) (1) X X X XAcknowledgement of Addendum #2 (Signed Addendum Form) (1) (1) X X (1) X XQualifications for Construction - Project Reference Forms

Project Reference Forms (Min. 5 projects) - Lining of a min. of 25,000 LF of 8-inch diameter or larger gravity sewer main with a min. of 10,000 LF of CIPP being in an existing residential neighborhood for which the Contractor completed a min. of 80% of the sewer lining.

Required reference forms not submitted

(4)


(2)


(2)

Form was provided, however only one

project met required elements.

Form was provided, however only one

project met required elements.

Project Reference Forms (Min. 5 projects) - Lining of a min. of 100 laterals within an existing residential neighborhood from the gravity sewer main to the cleanout (full lateral lining).


(3)


(3)X X X

Minimum Qualifications and Experience required for the Contractor’s staffGravity Sewer Lining QualificationsSuperintendent(s): Must have a min. of 3 years of CIPP lining supervisory field experience on projects totaling a min. of 150,000 LF of 8" or greater CIPP liner installation using the methods and materials proposed for this Work, as documented by a min. of 3 verifiable references.

X X

Installation Crew: At least 1 person other than the Superintendent from each of the CIPP installation crews shall have a min. of 2 years of CIPP experience totaling at least 20,000 LF of 8" or greater installed liner.

X X

Boiler Technician: The boiler technician must have a min. of at least 20,000 LF of CIPP lining in which a similar position was held. X X X

Lateral Lining QualificationsLateral Cutter Technician: The lateral cutter technician must have a min. of 5 projects totaling at least 20,000 LF of CIPP lining in which a similar position was held.

(3) (3) X X

Lateral Liner Crew: At least 1 person from each of the CIPP lateral liner crews shall have a min. of 2-years of CIPP lateral lining experience and a total of at least 1,000 installed lateral liners from the gravity sewer main to the cleanout.

(3) (3) X

Manhole Rehabilitation QualificationsManhole Rehabilitation Crew: At least 1 person from each of the manhole rehabilitation crews shall have a minimum of 1-year of manhole rehabilitation experience totaling at least 4,000 VF or greater of manhole rehabilitations.

X X X

Gravity Sewer CCTV Inspection QualificationsCCTV Inspection Crew: Lead CCTV inspectors shall be NASSCO PACP certified to report gravity main liner defects.

X X X

Lateral CCTV Inspection QualificationsCCTV Inspection Crew: Lead CCTV inspectors shall be NASSCO PACP/LACP certified to report lateral liner defects.

(3) (3) X

X = Provided

Notes:(1). Addendum not signed but acknowledged on 0300-1.

(3). No lateral projects identified.(4). Project reference listing provided, only 3 projects appeared to meet the requirements.

(2). Project reference listing provided, we identified 5 projects that complied with requirements and checked references.

BID ITEM CHECKLIST

TWA PHASE 2 – GRAVITY SEWER REHABILITATION AND REPLACEMENTPROJECT 3: CIPP LINING GRAVITY SEWERS AND

MANHOLES REHABILITATION

Bid Opening: September 14, 2017 at 2 PM

Unit Price (B) Amount (AxB) Unit Cost (B) Item Cost (AxB) Unit Cost (B) Item Cost (AxB) Unit Cost (B) Item Cost (AxB) Unit Cost (B) Item Cost (AxB) Unit Cost (B) Item Cost (AxB) Unit Cost (B) Item Cost (AxB)

1 Mobilization and Demobilization 1 LS 120,000.00$ 120,000.00$ 75,820.00$ 75,820.00$ 210,000.00$ 210,000.00$ 230,000.00$ 230,000.00$ 190,000.00$ 190,000.00$ 84,000.00$ 84,000.00$ 142,000.00$ 142,000.00$ 2 General Requirements 1 LS 50,000.00$ 50,000.00$ 5,000.00$ 5,000.00$ 85,000.00$ 85,000.00$ 203,000.00$ 203,000.00$ 460,000.00$ 460,000.00$ 25,000.00$ 25,000.00$ 1.00$ 1.00$ 3 Indemnification 1 LS 75,000.00$ 75,000.00$ $ 100.00 100.00$ 100.00$ 100.00$ $ 100.00 100.00$ $ 100.00 100.00$ $ 100.00 100.00$ $ 100.00 100.00$ 4 Mantenance of Traffic 1 LS 125,000.00$ 125,000.00$ 76,100.00$ 76,100.00$ 65,000.00$ 65,000.00$ 109,900.00$ 109,900.00$ 72,000.00$ 72,000.00$ 90,000.00$ 90,000.00$ 66,000.00$ 66,000.00$ 5 Pre-Construction Video 1 LS 25,000.00$ 25,000.00$ 17,795.00$ 17,795.00$ 26,750.00$ 26,750.00$ 10,000.00$ 10,000.00$ 10,000.00$ 10,000.00$ 7,500.00$ 7,500.00$ 1.00$ 1.00$ 6 Locate Utilities in Advance of Construction 1 LS 20,000.00$ 20,000.00$ 52,350.00$ 52,350.00$ 100,000.00$ 100,000.00$ 10,000.00$ 10,000.00$ 22,560.00$ 22,560.00$ 7,500.00$ 7,500.00$ 1.00$ 1.00$ 7 Clean and CCTV7a 8-inch through 12-inch Mains 104,122 LF 5.00$ 520,610.00$ 2.50$ 260,305.00$ 2.25$ 234,274.50$ 3.00$ 312,366.00$ 4.00$ 416,488.00$ 3.00$ 312,366.00$ 2.00$ 208,244.00$ 7b 15-inch through 24-inch Mains 4,905 LF 6.00$ 29,430.00$ 6.50$ 31,882.50$ 4.00$ 19,620.00$ 5.00$ 24,525.00$ 5.00$ 24,525.00$ 6.00$ 29,430.00$ 5.00$ 24,525.00$ 8 Furnish and Installed Cured In Place Pipe (CIPP) Liner8a 8-inch CIPP Liner 91,828 LF 38.00$ 3,489,464.00$ 27.20$ 2,497,721.60$ 43.50$ 3,994,518.00$ 26.00$ 2,387,528.00$ 37.00$ 3,397,636.00$ 34.00$ 3,122,152.00$ 33.00$ 3,030,324.00$ 8b 10-inch CIPP Liner 7,895 LF 45.00$ 355,275.00$ 37.10$ 292,904.50$ 45.00$ 355,275.00$ 32.00$ 252,640.00$ 43.00$ 339,485.00$ 35.00$ 276,325.00$ 39.00$ 307,905.00$ 8c 12-inch CIPP Liner 4,399 LF 50.00$ 219,950.00$ 48.20$ 212,031.80$ 53.00$ 233,147.00$ 38.00$ 167,162.00$ 57.00$ 250,743.00$ 36.00$ 158,364.00$ 44.00$ 193,556.00$ 8d 15-inch CIPP Liner 2,314 LF 60.00$ 138,840.00$ 61.00$ 141,154.00$ 62.00$ 143,468.00$ 46.00$ 106,444.00$ 88.00$ 203,632.00$ 40.00$ 92,560.00$ 65.00$ 150,410.00$ 8e 18-inch CIPP Liner 1,527 LF 75.00$ 114,525.00$ 71.60$ 109,333.20$ 72.00$ 109,944.00$ 64.00$ 97,728.00$ 102.00$ 155,754.00$ 75.00$ 114,525.00$ 88.00$ 134,376.00$ 8f 21-inch CIPP Liner 331 LF 100.00$ 33,100.00$ 95.00$ 31,445.00$ 105.00$ 34,755.00$ 100.00$ 33,100.00$ 113.00$ 37,403.00$ 150.00$ 49,650.00$ 99.00$ 32,769.00$ 8g 24-inch CIPP Liner 733 LF 130.00$ 95,290.00$ 155.00$ 113,615.00$ 113.00$ 82,829.00$ 110.00$ 80,630.00$ 137.00$ 100,421.00$ 200.00$ 146,600.00$ 124.00$ 90,892.00$ 9 Sanitary Sewer Laterals Lining9a Laterals on 8-inch through 10-inch Mains 192 EA 5,300.00$ 1,017,600.00$ 5,410.00$ 1,038,720.00$ 5,250.00$ 1,008,000.00$ 5,500.00$ 1,056,000.00$ 4,530.00$ 869,760.00$ 4,500.00$ 864,000.00$ 4,066.00$ 780,672.00$ 9b Laterals on 12-inch through 16-inch Mains 4 EA 5,350.00$ 21,400.00$ 5,440.00$ 21,760.00$ 5,275.00$ 21,100.00$ 5,500.00$ 22,000.00$ 5,425.00$ 21,700.00$ 5,000.00$ 20,000.00$ 4,815.00$ 19,260.00$ 9c Laterals on 18-inch through 24-inch Mains 4 EA 6,100.00$ 24,400.00$ 6,232.00$ 24,928.00$ 6,050.00$ 24,200.00$ 5,700.00$ 22,800.00$ 5,788.00$ 23,152.00$ 5,500.00$ 22,000.00$ 5,136.00$ 20,544.00$ 10 Seal and Coat Manholes 2,824 VF 350.00$ 988,400.00$ 204.00$ 576,096.00$ 310.00$ 875,440.00$ 200.00$ 564,800.00$ 273.00$ 770,952.00$ 225.00$ 635,400.00$ 100.00$ 282,400.00$ 11 Line Manholes 888 VF 675.00$ 599,400.00$ 304.00$ 269,952.00$ 285.00$ 253,080.00$ 220.00$ 195,360.00$ 400.00$ 355,200.00$ 310.00$ 275,280.00$ 110.00$ 97,680.00$ 12 Heavy Cleaning12a Cleaning 8-inch through 12-inch Mains 10,259 LF 14.00$ 143,626.00$ 4.90$ 50,269.10$ 9.50$ 97,460.50$ 5.00$ 51,295.00$ 8.00$ 82,072.00$ 4.00$ 41,036.00$ 2.00$ 20,518.00$ 12b Cleaning 15-inch through 24-inch Mains 1,680 LF 24.00$ 40,320.00$ 5.20$ 8,736.00$ 17.00$ 28,560.00$ 6.00$ 10,080.00$ 11.00$ 18,480.00$ 9.00$ 15,120.00$ 12.00$ 20,160.00$ 13 Re-bench Flow Channels 10 EA 500.00$ 5,000.00$ 1,310.00$ 13,100.00$ 490.00$ 4,900.00$ 500.00$ 5,000.00$ 680.00$ 6,800.00$ 1,250.00$ 12,500.00$ 1,500.00$ 15,000.00$ 14 Install New Sanitary Sewer Clean-out14a Sanitary Sewer Cleanout - Grass Area 208 EA 1,200.00$ 249,600.00$ 927.00$ 192,816.00$ 1,000.00$ 208,000.00$ 650.00$ 135,200.00$ 1,300.00$ 270,400.00$ 2,200.00$ 457,600.00$ 1,025.00$ 213,200.00$ 14b Sanitary Sewer Cleanout - Asphalt or Concrete 52 EA 2,200.00$ 114,400.00$ 1,335.00$ 69,420.00$ 1,400.00$ 72,800.00$ 750.00$ 39,000.00$ 1,600.00$ 83,200.00$ 2,600.00$ 135,200.00$ 1,350.00$ 70,200.00$ 15 Additional Sanitary Sewer Laterals Lining15a Laterals on 8-inch through 10-inch Mains 1,237 EA 5,000.00$ 6,185,000.00$ 4,975.00$ 6,154,075.00$ 4,850.00$ 5,999,450.00$ 5,200.00$ 6,432,400.00$ 3,920.00$ 4,849,040.00$ 4,500.00$ 5,566,500.00$ 3,745.00$ 4,632,565.00$ 15b Laterals on 12-inch through 16-inch Mains 35 EA 5,050.00$ 176,750.00$ 5,000.00$ 175,000.00$ 4,875.00$ 170,625.00$ 5,200.00$ 182,000.00$ 5,000.00$ 175,000.00$ 5,000.00$ 175,000.00$ 4,815.00$ 168,525.00$ 15c Laterals on 18-inch through 24-inch Mains 7 EA 6,100.00$ 42,700.00$ 6,235.00$ 43,645.00$ 6,050.00$ 42,350.00$ 6,000.00$ 42,000.00$ 5,400.00$ 37,800.00$ 5,500.00$ 38,500.00$ 5,136.00$ 35,952.00$ 16 Additional Install New Sanitary Sewer Clean-out16a Sanitary Sewer Cleanout - Grass Area 1,330 EA 1,200.00$ 1,596,000.00$ 1,275.00$ 1,695,750.00$ 1,000.00$ 1,330,000.00$ 650.00$ 864,500.00$ 1,300.00$ 1,729,000.00$ 2,200.00$ 2,926,000.00$ 1,025.00$ 1,363,250.00$ 16b Sanitary Sewer Cleanout - Asphalt or Concrete 333 EA 2,200.00$ 732,600.00$ 1,650.00$ 549,450.00$ 1,400.00$ 466,200.00$ 750.00$ 249,750.00$ 1,600.00$ 532,800.00$ 2,600.00$ 865,800.00$ 1,350.00$ 449,550.00$

8,615,630.00$ 6,183,354.70$ 8,288,221.00$ 6,126,658.00$ 8,182,463.00$ 6,994,208.00$ 5,920,738.00$

8,733,050.00$ 8,617,920.00$ 8,008,625.00$ 7,770,650.00$ 7,323,640.00$ 9,571,800.00$ 6,649,842.00$

17,348,680.00$ 14,801,274.70$ 16,296,846.00$ 13,897,308.00$ 15,506,103.00$ 16,566,008.00$ 12,570,580.00$

Ric-Man Construction FL LLC

TOTAL BASE BID (SUM OF ITEMS 1 THROUGH 14)

VacVision Environmental LLC

Bid Opening: September 14, 2017 at 2 PM

Tohopekaliga Water Authority Phase 2 Gravity Sewer Rehabilitation and Replacement / Project 3: CIPP Lining Gravity Sewers and Manholes Rehabilitation

TOTAL OF ALTERNATE BID (SUM OF ITEMS 15 THROUGH 16)

200-08466-17003

TOTAL BASE BID PLUS ALTERNATE BID (SUM OF ITEMS 1 THROUGH 16)

Lanzo Trenchless TechnologiesEstimated Quantity (A) Unit

BID TABULATION

Bid Item Bid Item Name & Category

Benchmark Construction Kenny Construction Company SAK Construction LLCInsituform Technologies LLC

Page 1 of 1

Contractor Reference Check

Project Name: Phase 2 – Gravity Sewer Rehabilitation And Replacement Project 3: CIPP Lining Gravity Sewers And Manholes Rehabilitation

Date: Contractor:

REFERENCES Organization: Name of Party Spoken To: Project for Reference:

How long have you used this Vendor? In what capacity?

Was the Contractor timely with Contract Schedules?

Were there any unfair or unsolicited Change Orders or Request for Contract Time Extension?

Were there any problems with Sub-Contractors?

Were the punch list items completed in a timely manner?

Was the project constructed as specified?

Was the contractor responsive to requests, phone calls, e-mails, etc.?

Did they demobilize and leave site in a timely manner?

Were the pay request/applications for payment correct and all outstanding liens finalized?

Would you recommend them to work on one of your projects again?

Additional Comments/Notes:

Tt Employee Contacting Reference

10-3-17

Lanzo Trenchless Technologies

Adrian Valdes, E.I.

City of TampaCity of Tampa Annual I&I Contract (2014) 35,730 LFJeff Taylor (813-690-7557)

15 to 20 years as primary.

No. Show up when available at their convinience.

Yes. Still trying to closeout old projects with them. They won't respond to request for correct paperwork to closeout.

Yes, they had problems with subs who walked out on them for issues about payment. Liens were not finalized.

Yes, mostly. This was a work order contract. They accepted work orders as is because they didn't want to issue more.

Mostly but deviations were not their fault.

Yes, other than closeout issues.

Yes, closeout issues refer to paperwork. They left the site immediately.

Applications for payment were finalized even though there were issues getting them correct, However liens were not finalized. due to unresponsiveness with paperwork issues.

Willing to work with them if they are to win a contract because it is his job, but would prefer not to.

No.


Category: Consent Agenda Agenda Item: 7H

Department: Procurement Services Attachments: N/A Title: APPROVAL OF OCTOBER ASSET DISPOSAL #2 Summary: Asset disposal is a requirement set forth in Chapter 274, Florida Statutes that is intended to maximize returns on excess and surplus property by transferring the property or disposing of it through a public auction, bid, posted prices, trade-in, or donation. A list has been compiled of the Authority’s inventory items examined and recommended for disposal. If approved, these inventory items will be disposed of and written-off the accounting ledgers.

Items marked for donation - Staff requests the Board’s approval to dispose of the computer items listed below through a donation and destruction. On June 11, 2008, the Board approved donating surplus computers to non-profit organizations on a first come first serve basis regardless of business location or where services are provided. A list of non-profit agencies is maintained by the Procurement Services Department. In order for an agency to be declared as non-profit, they must show documentation that they are certified as a 501 (c) (3) organization by the IRS. On April 25, 2012, the Board updated this policy to have items donated to organizations and schools who are system users located and provided services within the Authority service area, before donating same to other 501 (c) (3) organizations or schools.

Items marked for auction – Staff requests the Board’s approval to dispose of the items listed below through online auction. Disposal of the vehicles retires them from the Authority’s fleet and removes the related insurance carrying costs. Items marked for disposal – Staff requests approval from the Board to discard items marked for disposal. These items have been tested by Information Technology staff who determined these items are unable to be repaired. Items marked for recycling – Staff requests approval from the Board to sell metal materials for salvage value through recycling.



TAG# ITEM & DESCRIPTION SERIAL # / VIN #

Items marked for donation

N/A

Items marked for auction

17293 MOTOROLA MTS 1 RADIO 466ACA1634

18185 MOTOROLA PORTABLE RADIO 466CEE0760



18226 MOTOROLA XTS 1500 RADIO 687TEU0094






18564 MOTOROLA PORTABLE RADIO 687TGG2480












18589 MOTOROLA PORTABLE RADIO 1500 687TGY1244







18767 MOTOROLA PORTABLE RADIO 1500 687TGWD786

18768 MOTOROLA PORTABLE RADIO 1500 687TGWD789

18769 MOTOROLA RADIO XTS1500 687TGY1991

18770 MOTOROLA RADIO XTS1500 687TGY2002

18893 MOTOROLA PORTABLE RADIO 687THW0272






19178 RADIO ASTRO DIGITAL XTS1500 687CKT1335

19246 MOTOROLA PORTABLE RADIO 687CKX1006






Items marked for disposal




19333 RADIO MOTOROLA ASTRO DIGITAL XTS1500 687CLT0495








N/A MOTOROLA PORTABLE RADIO 687CLT0506

Items marked for disposal via recycling

18813 DELL POWEREDGE 1900 91JSDJ1

N/A DELL POWEREDGE 2800 FRWS081

N/A MARKET FORGE AUTOCLAVE 175552

N/A DELL MONITOR CN-OKW14V-74261-4A9-47TS

N/A APC/UPS 3B1142X28525

19517 GENERAL DYNAMICS GD8000 LAPTOP ZZSJC1103ZZ0091

Total Cost: N/A

Recommended Action: Staff recommends Board approval to dispose of the listed inventory items through donation, auction, disposal, or recycling. Initials:tlp/fh


Category: Consent Agenda Agenda Item: 7-I

Department: Procurement Services Attachments: Amendment #7 to Agreement with Intuition Systems, LLC d/b/a Bill2Pay, LLC for Bill Presentment Services Title: APPROVAL OF AMENDMENT #6 TO THE AGREEMENT BETWEEN TOHO WATER AUTHORITY AND INTUITION SYSTEMS, LLC d/b/a BILL2PAY, LLC. Summary: On April 11, 2012, the Authority awarded RFP-12-008, Bill Printing, Mailing, Electronic Bill Presentment and Payment, and Lockbox Services, to Intuition, LLC d/b/a Bill2Pay, LLC, a division of Intuition Systems, Inc. Bill2Pay provides paper and electronic payment processing and bill management services.

The contract was awarded to support the Board’s desire to bring customer service in-house and outsource selected processes. Staff worked with EMA to competitively bid, evaluate vendors, and negotiate a contract with the top ranked vendor, Bill2Pay to provide the outsourced services associated with the customer service system (“CIS”).

Bill2Pay processes more 30 million payments annually for more than 60 lockbox and electronic payment clients at two processing facilities in Clearwater and Jacksonville, Florida. Bill2Pay subcontracts the bill printing and mailing services to TC Delivers. TC Delivers is a local mailing solutions vendor that also provides bill printing and mailing services to Kissimmee Utility Authority (“KUA”).

Amendment #7 provides for the extension of the existing contract for through March 2018. Responses to a new Request for Proposals for Bill Presentment Services are now under evaluation. Eleven firms submitted proposals. Seven were shortlisted. Now three have made it to second shortlist. The extension of the current agreement is to allow time to award a new contract and perhaps begin the transition to a new contractor or contractor(s).

Total Costs: Approximately $625,000

Recommended Action: Staff recommends approval of Amendment #6 to the Agreement with Intuition Systems, LLC for RFP-12-008, Bill Printing, Mailing, Electronic Bill Presentment and Payment, and Lockbox Services from Bill2Pay. Initials: fh

AMENDMENT #7 TO THE AGREEMENT BETWEEN

TOHOPEKALIGA WATER AUTHORITY AND INTUITION SYSTEMS, INC., D/B/A BILL2PAY


AUTHORITY, 951 Martin Luther King Boulevard, Kissimmee, Florida 34741 (hereinafter referred to as the “AUTHORITY”) and INTUITION SYSTEMS, INC., D/B/A BILL2PAY, 9428 Baymeadows Road, Suite 500, Jacksonville, Florida 32256 (hereinafter referred to as the “CONTRACTOR”).


WHEREAS, the COUNTY desires to maintain the professional services of the CONTRACTOR to continue to provide paper and electronic payment processing and bill management services as further described in the Agreement RFP-12-008, approved by the Board on April 11, 2012, between the AUTHORITY and the CONTRACTOR; and

WHEREAS, pursuant to Section 23, Modifications, the covenants, terms and provisions of the Agreement may be modified by way of a written instrument, mutually accepted by the parties; and

WHEREAS, the purpose of this Amendment is to extend the term. NOW, THEREFORE, in consideration of the mutual covenants, terms, and provisions

contained herein, the parties agree as follows: 1. Section 3. Term is hereby amended to add the following:

SECTION 3. TERM The term of this Agreement is amended to extend through March 31, 2018, and may be extended when in the best interest of the Authority.

2. Section 4. COMPENSATION is hereby amended to read as follows: SECTION 4. COMPENSATION

The amount to be paid under this Agreement for services rendered shall remain the same as stated in Exhibit “C” to the Agreement.

3. These changes shall be effective upon this Amendment being executed by both

parties.

4. The terms and conditions of the original Agreement and any subsequent Amendment(s) shall remain in full force and effect. To the extent of any conflict between this Amendment and the original Agreement or any prior Amendment(s) thereto, the terms and conditions of this Amendment shall prevail.

IN WITNESS WHEREOF, the parties hereto, by their duly authorized representatives, have executed this Amendment effective the _____ day of _______________, 2017. INTUITION SYSTEMS, INC., D/B/A/BILL2PAY, LLC By: ____________________________ Print Name: _____________________ Title: ___________________________ Attest: __________________________ Address: ________________________ _______________________________

TOHOPEKALIGA WATER AUTHORITY By: ________________________ Print Name: Tom White Title: Chair Ex-Officio Attest: ______________________ Print Name: Nilsa C. Diaz Address: 951 Martin Luther King Blvd. Kissimmee, Florida 34741

STATE OF ________________ COUNTY OF ______________

The foregoing instrument was executed before me this ____ day of ______________, 2017, by ____________________ as ____________________ of Intuition Systems, Inc., d/b/a Bill2Pay, LLC who personally swore or affirmed that he/she is authorized to execute this contract and thereby bind the Company, and who is personally known to me OR has produced identification.

_____________________________


(Stamp)


October 11, 2017

Present: Vice Chair Tom White Secretary Clarence Thacker Supervisor John Lambert Supervisor Skip Stellfox General Counsel Mark Lawson

Executive Director Brian L Wheeler Deputy Executive Director Mike Sweeney Executive Assistant Nilsa C Diaz

Absent: Kissimmee City Commissioner Wanda Rentas Osceola County Commissioner Peggy Choudhry, Polk County Commissioner Todd Dantzler

13. Meeting called to order by: Vice Chair Tom White

Time: 5:00 PM

14. After a Moment of Silent Reflection, Supervisor Stellfox led the audience in the Pledge of Allegiance.

15. Swearing in of Domingo Sanchez to the TWA Board of Supervisor – Newly appointed Supervisor No. 1 Domingo Sanchez was sworn in by Ms. Nilsa C. Diaz, Notary for the State of Florida

16. Annual election of Officers of the TWA Board of Supervisors – Supervisor Skip Stellfox made a motion to continue the existing slate of officers, Vice Chair Tom White and Secretary Clarence Thacker. Supervisor John Lambert seconded the motion. Mr. Lawson advised the Board that Supervisor White could be the Acting Chairperson or Chair ex-officio. There was consensus that Supervisor White would be Chair ex-officio. Motion passed 5 to 0

17. Approval of Agenda: Three items were added to the agenda: 12A. REQUEST FOR WAIVER OF PAYMENT OF SYSTEM DEVELOPMENT CHARGES FOR PROPERTY AT 114 LILLY STREET IN KISSIMMEE (WHEELER); 12B. ADMINISTRATIVE SERVICES AGREEMENT BY AND BETWEEN THE CITY OF KISSIMMEE, FLORIDA AND TOHOPEKALIGA WATER AUTHORITY (WHEELER); and 12C. REQUEST FOR WAIVER OF PAYMENT OF SYSTEM DEVELOPMENT CHARGES FOR 159 MAPLE DRIVE, Supervisor Thacker moved for approval of the Agenda and Supervisor Lambert seconded the motion. Motion passed 5 to 0.

18. Awards and Presentations: None scheduled

19. Public Hearing: None scheduled

20. Hear the Audience: Ms. Marian Johnson of 2803 Boating Blvd, Kissimmee FL 34746 addressed the Board concerning the handling of her water bill by


October 11, 2017

Customer Service. She stated that she was 74 years old and experiences some health issues. Ms. Johnson stated that her water service was terminated without notification by TWA. She said she had been hospitalized due to stress over the hurricane. Ms. Johnson reported that her monthly water and wastewater bill of $36.22 had been increased to $101.22 as a result of her being charged the $50 reconnect fee and a $25 convenience fee to be reconnected the same day. She did not think these additional charges were customer friendly. She stated that when she was in the hospital she tried to have someone pay her bill but TWA staff would not allow the payment. Supervisor White asked whether there was communication with the customer about the pending service termination. Executive Director Wheeler responded that there may have been some failure in the normal communication, a letter of notification is usually sent followed later by a phone call. Customers receive two notifications informing them of the pending disconnection. Ms. Mary Hewitt, Customer Service Director, reported that the notification letter was sent but there was no record of the phone call. Executive Director Wheeler said that he would confer with Ms. Hewitt and get back to Ms. Johnson. There followed a discussion by some of the Board members with the Executive Director concerning the policies and charges associated with the termination of service for non-payment. Staff will research the specifics of Ms. Johnson’s situation and determine if an adjustment should be made to her charges and whether there should be adjustments to any of the Authority’s policies related to payment of bills and termination for non-payment.

21. Consent Agenda: Supervisor Thacker moved for approval of the Consent Agenda as published. Supervisor Stellfox seconded the motion. Motion passed 5 to 0.

9A. REQUEST APPROVAL OF AMENDMENT #2 FOR INVESTMENT ADVISORY SERVICES, RFP-14-016 WITH PFM ASSET MANAGEMENT LLC (HENDERSON) 9B. REQUEST APPROVAL TO RENEW AGREEMENTS FOR CATERING SERVICES FOR DISASTER RECOVERY (IFB-15-061) (HOLMES) 9C. REQUEST APPROVAL OF OCTOBER ASSET DISPOSAL (HOLMES)

22. Informational Presentations: 10A.PRESENTATION REGARDING BOARD MEMBER HANDBOOK (SIKORA) Asked that it be done after the citizens.

23. Unfinished Business: None


October 11, 2017

24. New Business:

12A. REQUEST FOR WAIVER OF PAYMENT OF SYSTEM DEVELOPMENT CHARGES FOR PROPERTY AT 114 LILLY STREET IN KISSIMMEE (WHEELER) Mr.Yon, owner of lot at 114 Lilly Street, and Anthony Cardone from All Pro Builders, 5155 Starline Drive, St. Cloud, FL 34771 addressed the Board to request that the Board waive the payment of system development charges for the house constructed at 114 Lilly Street in Kissimmee. There was a home previously located on the lot but the home burned in 2011 and the lot has been vacant since. In addition service to the previous home had ceased in 2007 so there had not been any water and wastewater service to the property since 2007. The Authority’s System Development Charge Resolution requires payment of the charges for any lot vacant or not served for more than five years. When the owner and contractor made inquiries at the City and applied for their building permit they were informed that no fees were due. However there was no inquiry made to TWA. Executive Director Wheeler reminded the Board that they had to deal with a similar request two or three months earlier. The previous instance involved circumstances similar to this request, a lot vacant for greater than five years as a result of a house that burned on the lot. The Board denied the earlier request to waive payment of the system development charges but approved payment in monthly installment payments over twenty years. . General Counsel Lawson explained the rationale for the policy requiring payment of the system development charges after a lot or building has not had utility service for greater than five years. Supervisor Lambert asked Executive Director Wheeler why the customer was being charged for a meter if there was an existing meter at the address. Executive Director Wheeler said that there should not be a charge for a meter if one existed and additionally the proposed $1,074 water connection fee would be dropped because a water service exists at the lot. Mr. Yon, the property owner, addressed the Board requesting that his situation be considered a special case. There was discussion by the Board and staff concerning the history and rationale of the policy requiring payment of system development charges for properties that had not had utility service for greater than five years. Discussion by the Board then focused on potential changes to the policy and improving communication of the policy. Executive Director Wheeler said that he would investigate and evaluate changes to the policy to recommend to the Board which could mitigate the impact of paying the full cost of system development charges for a lot that was previously served. Executive Director Wheeler recommended that Mr. Yon proceed with payment of the system development charges for his property through monthly installment payments amortized over 20 years. If the Board modifies its policy in manner that is favorable to Mr. Yon then he could take advantage of the


October 11, 2017

modified policy at that time. Supervisor Sanchez said that the Board recommends that Mr. Yon go on the 20 year financing offer. Mr. Wheeler said that someone is going to talk to the City about looking into these lots. The contractor thanked the Board and said that he appreciated their taking the time to discuss the issue. 12B. ADMINISTRATIVE SERVICES AGREEMENT BY AND BETWEEN THE CITY OF KISSIMMEE, FLORIDA AND TOHOPEKALIGA WATER AUTHORITY (WHEELER) – Executive Director Wheeler explained that the City of Kissimmee provides some administrative services to the Authority through an agreement that is renewed annually. The City provides administration of risk management claims, pension for employees enrolled in the City pension plan, and administers the employee clinic. Supervisor Thacker moved for approval and Supervisor Lambert seconded the motion. Motion passed 5 to 0. 12C. REQUEST FOR WAIVER OF PAYMENT OF SYSTEM DEVELOPMENT CHARGES FOR 159 MAPLE DRIVE (WHEELER) – Ms. Audreanna Poitier said that she purchased the house at 159 Maple Drive in 2015. Construction on the house had not been completed and the structure had been vandalized. She purchased the house at a discount and proceeded to attempt to complete it. She acknowledged the requirement to pay impact fees. Polk County was allowing her to pay the fees over time but TWA was requiring the fees be paid in lump sum informing her that she was not eligible for an installment payment plan. Executive Director Wheeler said that the System Development Charge policy does not cover a situation such as Ms. Poitier’s. He advised that this was a special circumstance under which the Board could authorize the installment payment of the fees. Supervisor Sanchez moved for approval of the 20 year payment plan and Supervisor Stellfox seconded the motion. Motion passed 5 to 0. 10A.PRESENTATION REGARDING BOARD MEMBER HANDBOOK (SIKORA) Ms. Maureen Sikora, Associate General Counsel, provided each member of the Board with an updated Board Member Handbook and generally reviewed the contents of the handbook. The handbook provided each board member with information on Government in the Sunshine, Public Records Law, Code of Ethics, Voting Conflicts, Financial Disclosure, the Gift Law, and a copy of the TWA Special Act. General Counsel Lawson and Associate General Counsel Sikora advised the board to contact either if they had any questions or concerns that arose from their service on the board.

25. Staff Reports:


October 11, 2017

13A. ENGINEERING SERVICES AND TREATMENT OPERATIONS KEY PERFORMANCE INDICATORS (KPI) REPORTS FOR THE THIRD FISCAL QUARTER 2017 (PELHAM) – Mr. Robert Pelham, Director of Engineering, provided a PowerPoint presentation summarizing the Engineering Services Key Performance Indicators (KPI) Report for the 3rd Quarter of FY2017. Mr. Rick Nipper, Director of Treatment, gave a PowerPoint presentation summarizing the Treatment Operations Key Performance Indicators Report for the 3rd Quarter of FY2017. 13B. FINANCIAL REPORT FOR THE MONTH OF AUGUST 2017 (FIGUEROA) – Mr. Ric Figueroa, Financial Manager, presented the Monthly Financial Report for August and fielded questions from the Board.

26. Board Attorney 27. Board Officials;

28. Adjournment:

There being no further business to come before the Board, Vice Chairman White adjourned the meeting at 6:57 PM. Approved: _______________________________________ Tom E. White, Interim Chair Attest: _______________________________________ Clarence L. Thacker, Secretary ncd


Category: Consent Agenda Agenda Item: 7K

Department: Engineering Services Attachments: Location Map Title: SCOPE OF ENGINEERING SERVICES FOR NEO-CITY ONSITE UTILITY EXTENSION PHASE 1 Summary: The Board of Supervisors is requested to approve a scope of engineering services in the amount of $320,000 with CM Arrington and Associates Inc. (CMA), a continuing design consultant for the Authority, for the design of the Neo-City Onsite Utility Extension Phase 1 project. This project will construct approximately 14,000 LF of 16” and 12” water main, 12” reuse main, and 16” force main from Neptune Road and US192 to the undeveloped Neo-City site. The mains are sized to support recruitment of high tech development that could have a high water demand and will serve as arterial mains for the remainder of the Neo-City property connecting to future utility extension projects as the site develops. These improvements and future offsite improvements will provide the site with up to 2,000,000 gpd of water and wastewater service. The Neo-City site is expected to be developed by high tech research and/or manufacturing users with potentially high water demand utility requirements. These prospective users establish extremely tight schedules between site selection and startup. For example: one prospective development would require utility service by July 2018. The Phase 1 engineering scope includes survey, subsurface utility engineering (SUE), preliminary design, final design, permitting, bidding assistance, and construction administration services. The Phase 1 project design will be funded by budgeted funds for NEO-City and excess funds from completed infrastructure projects. To meet the 2,000,000 gpd service level, future offsite improvements will be required. The construction cost of these improvements will exceed the Consultant Competitive Negotiation Act (CCNA) threshold of $2,000,000 for utilizing the Authority’s continuing consultants. Staff has advertised a Statement of Qualifications for interested


Category: Consent Agenda Agenda Item: 7K

consultants to respond. The selection process and scope negotiation for offsite improvements will be completed in the first quarter of 2018. The construction of the Phase 1 and Phase 2 projects is unfunded. Staff will develop and present to the Board a funding recommendation prior to awarding the Phase 1 construction project.

Total Costs: $320,000 for engineering services.

Recommended Action: Staff recommends approval of the engineering scope of services in the amount of $320,000. Initials: ghe

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Location MapNeoCity Onsite Utility Extension SOS Approval.10.25.17.ge


Category: Informational Presentations Agenda Item: 8A

Department: Business Services Attachments: Investment Report for the Quarter Ending June 30, 2017 Title: QUARTERLY INVESTMENT REPORT BY PFM GROUP – QUARTER ENDING JUNE 30, 2017 Summary: A representative from the PFM Group will present the investment report for the quarter ending June 30, 2017 and will be available to answer any questions.

Total Costs: N/A

Recommended Action: No action required.

Initials: rth

Investment Advisors

One Keystone Plaza, Suite 300North Front & Market Streets

Harrisburg, PA 17101-2044717.232.2723

717.233.6073 fax

PFM Asset Management LLC

300 South Orange AvenueSuite 1170

Orlando, FL 32801407.648.2208

407.648.1323 fax

Investment Performance Review For the Quarter Ended June 30, 2017

Steven Alexander, CTP, CGFO, CPPT, Managing DirectorRobert Cheddar, CFA, Chief Credit Officer, Managing DirectorRichard Pengelly, CFA, CTP, DirectorRebecca Geyer, CTP, Senior AnalystSean Gannon, Analyst

1 of 92


For the Quarter Ended June 30, 2017

Table of Contents


Tab I

Market Update

Tab II

Executive Summary

Impact Fee Portfolio

Operating Portfolio

Utility System Bonds - 2016 Project Fund

Tab III

Asset Allocation Chart

Important Disclosures

2 of 92

Tab I

PFM Asset Management LLC3 of 92

QUARTERLY MARKET SUMMARY

S U M M A R Y•

•

•

•

E C O N O M I C S N A P S H O T•

•

I N T E R E S T R A T E S•

•

•

S E C T O R P E R F O R M A N C E•

•

•

•

•



Fixed Income Management

4 of 92


Economic Snapshot

Labor Market Mar '17 Jun '16

Growth

Inflation / Prices

Latest

Unemployment Rate (left) vs. Change in Nonfarm Payrolls (right)

Real GDP (QoQ)

Consumer Price Index

1. Data as of First Quarter 2017.2. Data as of Second Quarter 2016.Note: YoY = year-over-year, QoQ = quarter over quarter, SAAR = seasonally adjusted annual rate, WTI = West Texas Intermediate crude oil.Source: Bloomberg.




5 of 92


Source: Bloomberg.

Interest Rate Overview

U.S. Treasury Note Yields U.S. Treasury Yield Curve

U.S. Treasury Yields Yield Curves as of 6/30/17

Yiel

d

Maturity

Maturity Jun '17 Mar '17Change

over Quarter

Jun '16 Change over Year

Yiel

d

Maturity

Yiel

d




6 of 92


Source: BofA Merrill Lynch Indices.

June 30, 2017 Duration Yield 3-month 1-year 3-years1-3 Year Indices

U.S. Treasury

Federal Agency

U.S. Corporates, A-AAA rated

Agency MBS (0 to 3 years)

Taxable Municipals

1-5 Year IndicesU.S. Treasury

Federal Agency



Taxable Municipals

Master Indices (Maturities 1 Year or Greater)U.S. Treasury

Federal Agency



Taxable Municipals

As of 6/30/17 Returns for Periods ended 6/30/17

Returns for periods greater than one year are annualized.


BofA Merrill Lynch Index Returns



7 of 92


D I S C L O S U R E S

Advisers Act of 1940. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.

contained in this report is not an offer to purchase or sell any securities.




8 of 92

Tab II




Executive Summary


The Portfolios are of high credit quality and invested in U.S. Treasury, federal agency/GSE, agency/CMO, agency mortgage-backed securities, municipal obligations, supranational, asset-backed securities, corporate notes and commercial papersecurities.

The Impact Fee Portfolio’s quarterly total return performance of 0.31% outperformed the benchmark performance of 0.17% by0.14%. Over the past year, the Portfolio earned 0.30%, versus -0.11% for the benchmark.

The Operating Portfolio’s quarterly total return performance of 0.31% outperformed the benchmark performance of 0.17% by0.14%. Over the past year, the Portfolio earned 0.29%, versus -0.11% for the benchmark.

Key drivers of market conditions in the 2nd quarter included:• An additional Federal Reserve (Fed) rate hike,• Mixed readings on key economic data in the U.S.,• Persistently subdued inflation readings, • Narrowing credit spreads, and• Stronger growth readings and higher yields in Europe and elsewhere.

Short-term and long-term Treasury yields diverged during the second quarter as short-term (three years and under) yields moved higher, pricing in the Fed’s June rate hike, while yields on longer-term maturities fell amid muted inflation and fading prospects for stimulative fiscal policy. As a result, the yield curve flattened, retracing all the steepening that took place following the U.S. presidential election.

Our duration strategy is to remain largely in line with benchmark durations unless we have a strong conviction that rates are not appropriately reflecting market risks and expectations. Since market conditions were consistent with moderate growth and a Fed on track to gradually raise rates, we positioned portfolios to be “neutral” – that is with durations equal to benchmark durations – to start the second quarter. During May and June, however, we allowed durations to drift shorter as we believed that rates were not adequately pricing in the likelihood of a near-term Fed rate increase. When the Fed did raise rates in June, shorter-term portfolios benefited as yields adjusted to reflect a higher Fed funds rate.

Our outlook for the third quarter is for continued modest growth in the U.S. economy. But, the future path of Fed tightening isless certain, as recent economic data has been disappointing, fiscal policy initiatives have stalled, and inflation remains below the Fed’s 2% target.

With rates priced for the current level of uncertainty, we are once again positioning portfolio durations to match that of benchmarks. We will continue to assess our duration positioning during the quarter as we gain more clarity surrounding Fed policy and trajectory of the U.S. and global economy.

10 of 92

TOHO WATER AUTHORITY IMPACT FEE PORTFOLI


Portfolio Snapshot

Portfolio Statistics

As of June 30, 2017

$72,402,647

$75,370,561

$72,239,545

$181,810

$2,949,206

Accrued Interest:

Cash:

Par Value:

Total Market Value:

Security Market Value:

$72,455,785

1.52%

1.34%

AAAverage Credit: **

Yield at Cost:

Amortized Cost:

Yield at Market:

Effective Duration: 1.82 Years

Duration to Worst: 1.90 Years

Average Maturity: 2.11 Years

Credit Quality (S&P Ratings)

5.7%

A

2.0%

A-

4.5%

A+

1.8%

AA

4.7%

AA-

60.7%

AA+

15.6%

AAA

1.0%

BBB+

4.0%

Not Rated

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

0 - 1 Year 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years > 5 Years

10.0%

40.3%

34.6%

10.9%

3.5%

0.8%

Maturity Distribution

Sector Allocation

11.5%

Asset-Backed

20.5%

Corporate

1.5%

Federal

Agency/CMO

28.6%

Federal

Agency/GSE

2.0%

Municipal

6.7%

Supra-Sov /

Supra-Natl

Agency

29.2%

U.S.

Treasury


* An average of each security’s credit rating assigned a numeric value and adjusted for its relative weighting in the portfolio.

Account 85790100

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Portfolio Performance

Portfolio Performance (Total Return)

Effective

DurationPortfolio/Benchmark

Annualized Return

10 Year1 Year 3 Year 5 YearSince Inception

(03/31/09) **

Current

Quarter

TOHO WATER AUTHORITY IMPACT FEE PORTFOLI 1.82 0.31% -0.30% 0.90% 0.78% 1.20%

BofA ML 1-3 Year U.S. Treasury Index 1.82 0.17% --0.11% 0.69% 0.63% 0.95%

Difference 0.41% 0.14% 0.21% 0.15% - 0.25%

-0.2%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

Current Quarter 1 Year 3 Year 5 Year 10 Year Since Inception

0.31% 0.30%

0.90%

0.78%

1.20%

0.17%

-0.11%

0.69%0.63%

0.95%

To

tal R

etu

rn

TOHO WATER AUTHORITY IMPACT FEE PORTFOLI BofA ML 1-3 Year U.S. Treasury Index


Portfolio performance is gross of fees unless otherwise indicated. **Since Inception performance is not shown for periods less than one year.

Account 85790100

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Effective


Annualized Return

03/31/17 09/30/1606/30/17 12/31/16

Quarter Ended

5 Year1 Year 3 Year

TOHO WATER AUTHORITY IMPACT FEE PORTFOLI 1.82 0.31% 0.30% 0.90% 0.78%0.36% -0.35% -0.02%

BofA ML 1-3 Year U.S. Treasury Index 1.82 0.17% -0.11% 0.69% 0.63%0.26% -0.43% -0.11%

Difference 0.41% 0.14% 0.21% 0.15%0.10% 0.08% 0.09%

-0.6%

-0.4%

-0.2%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

06/30/17 03/31/17 12/31/16 09/30/16 1 Year 3 Year 5 Year

0.31%0.36%

-0.35%

-0.02%

0.30%

0.90%

0.78%

0.17%0.26%

-0.43%

-0.11% -0.11%

0.69%0.63%

To

tal R

etu

rn



Portfolio performance is gross of fees unless otherwise indicated.

Account 85790100

13 of 92





03/31/17 09/30/1606/30/17 12/31/16

Quarter Ended Annualized Return

5 Year1 Year 3 YearPortfolio/Benchmark

Effective

Duration

0.30% 0.90% 0.78%0.36% -0.35% -0.02%TOHO WATER AUTHORITY IMPACT FEE PORTFOLI 0.31% 1.82

0.24% 0.84% 0.72%0.35% -0.36% -0.03% Net of Fees ** 0.29% 0.00

-0.11% 0.69% 0.63%0.26% -0.43% -0.11%BofA ML 1-3 Year U.S. Treasury Index 0.17% 1.82

0.41% 0.14% 0.21% 0.15%0.10% 0.08% 0.09%Difference (Gross)

Difference (Net) 0.12% 0.09% 0.07% 0.08% 0.35% 0.15% 0.09%

-0.6%

-0.4%

-0.2%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

06/30/17 03/31/17 12/31/16 09/30/16 1 Year 3 Year 5 Year

0.31%0.36%

-0.35%

-0.02%

0.30%

0.90%

0.78%

0.17%0.26%

-0.43%

-0.11% -0.11%

0.69%0.63%

To

tal

Re

turn



Portfolio performance is gross of fees unless otherwise indicated. ** Fees were calculated based on average assets during the period at the contractual rate.

Account 85790100

14 of 92




Portfolio Earnings

Quarter-Ended June 30, 2017

Market Value Basis Accrual (Amortized Cost) Basis

Net Purchases/Sales

Change in Value

Interest Earned

$60,962,994.79

$11,289,257.19

($12,706.83)

$201,123.27

$188,416.44

$72,239,545.15

$61,172,988.87

$11,289,257.19

($6,460.81)

$201,123.27

$194,662.46

$72,455,785.25

Portfolio Earnings

Beginning Value (03/30/2017)

Ending Value (06/30/2017)

PFM Asset Management LLC Account 85790100

15 of 92



Portfolio Composition

Sector Allocation

As of June 30, 2017

Market Value ($) % of PortfolioSector

U.S. Treasury 21,054,841 29.2%

Federal Agency/GSE 20,635,011 28.6%

Corporate 14,836,584 20.5%

Asset-Backed 8,303,295 11.5%

Supra-Sov / Supra-Natl Agency 4,831,903 6.7%

Municipal 1,470,348 2.0%

Federal Agency/CMO 1,089,964 1.5%

Mortgage-Backed 17,599 0.0%

Total $72,239,545 100.0%

11.5%

Asset-Backed

20.5%

Corporate

1.5%

Federal

Agency/CMO

28.6%

Federal

Agency/GSE

2.0%Municipal

6.7%

Supra-Sov /

Supra-Natl

Agency

29.2%

U.S. Treasury


Detail may not add to total due to rounding.

Account 85790100

16 of 92




Sector Allocation

As of June 30, 2017

Market Value ($)Sector % of Portfolio % of Benchmark

100.0% 29.2% 21,054,841 U.S. Treasury

- 28.6% 20,635,011 Federal Agency/GSE

- 20.5% 14,836,584 Corporate

- 11.5% 8,303,295 Asset-Backed

- 6.7% 4,831,903 Supra-Sov / Supra-Natl Agency

- 2.0% 1,470,348 Municipal

- 1.5% 1,089,964 Federal Agency/CMO

- - 17,599 Mortgage-Backed

$72,239,545 100.0% 100.0%Total

0%

20%

40%

60%

80%

100%

Asset-Backed Corporate Federal Agency/CMO Federal Agency/GSE Mortgage-Backed Municipal Supra-Sov /Supra-Natl Agency

U.S. Treasury

11.5%

20.5%

1.5%

28.6%

0.0% 2.0%6.7%

29.2%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

100.0%




Account 85790100

17 of 92




Sector Allocation

June 30, 2017 March 31, 2017 December 31, 2016 September 30, 2016

% of TotalMV ($MM)Sector % of Total% of Total% of Total MV ($MM)MV ($MM)MV ($MM)

U.S. Treasury 21.1 29.2% 10.0 16.5% 11.6 19.1% 11.3 18.5%

Federal Agency/GSE 20.6 28.6% 20.6 33.8% 21.7 35.6% 21.9 36.1%

Corporate 14.8 20.5% 15.6 25.6% 16.6 27.3% 16.7 27.4%

Asset-Backed 8.3 11.5% 7.7 12.6% 3.9 6.5% 3.4 5.5%

Supra-Sov / Supra-Natl Agency 4.8 6.7% 4.8 7.9% 3.5 5.8% 2.9 4.8%

Municipal 1.5 2.0% 1.5 2.4% 1.5 2.4% 1.5 2.4%

Federal Agency/CMO 1.1 1.5% 0.7 1.2% 0.7 1.2% 0.8 1.3%

Mortgage-Backed 0.0 0.0% 0.0 0.0% 0.0 0.1% 0.0 0.1%

Commercial Paper 0.0 0.0% 0.0 0.0% 1.2 2.0% 2.4 3.9%

$72.2 100.0% $61.0 100.0% $60.7 100.0% $60.9 100.0%Total

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

June 2017 March 2017 December 2016 September 2016

Commercial Paper

Mortgage-Backed

Federal Agency/CMO

Municipal

Supra-Sov / Supra-Natl

Agency

Asset-Backed

Corporate

Federal Agency/GSE

U.S. Treasury



Account 85790100

18 of 92





As of June 30, 2017

>5

Years

4-5

Years

3-4

Years

2-3

Years

1-2

Years

0-1

YearsYield

at MarketPortfolio/Benchmark

Average

Maturity

TOHO WATER AUTHORITY IMPACT FEE PORTFOLI 1.52% 10.0% 40.3% 34.6% 10.9% 3.5% 0.8%2.11 yrs

BofA ML 1-3 Year U.S. Treasury Index 1.40% 3.1% 53.5% 43.4% 0.0% 0.0% 0.0%1.94 yrs

0%

10%

20%

30%

40%

50%

60%

0-1 Years 1-2 Years 2-3 Years 3-4 Years 4-5 Years > 5 Years

10.0%

40.3%

34.6%

10.9%

3.5%0.8%

3.1%

53.5%

43.4%

0.0% 0.0% 0.0%



19 of 92




As of June 30, 2017

Duration Distribution

> 5 YEARS4-5 YEARS3-4 YEARS2-3 YEARS1-2 YEARS0-1 YEARSEffective

DurationPortfolio / Benchmark

TOHO WATER AUTHORITY IMPACT FEE PORTFOLI 1.82 13.2% 47.1% 39.3% 0.4% 0.0% 0.0%

BofA ML 1-3 Year U.S. Treasury Index 1.82 3.1% 54.2% 42.7% 0.0% 0.0% 0.0%

0%

10%

20%

30%

40%

50%

60%


13%

47%

39%

0% 0% 0%3%

54%

43%

0% 0% 0%

Distribution by Effective Duration


BofA ML 1-3 Year U.S. Treasury Index

0%

10%

20%

30%

40%

50%

60%


6%

42%

52%

1% 0% 0%2%

43%

55%

0% 0% 0%

Contribution to Portfolio Duration




20 of 92




Credit Quality

As of June 30, 2017

S&P Rating Market Value ($) % of Portfolio

60.7%$43,871,383AA+

15.6%$11,253,877AAA

5.7%$4,124,084A

4.7%$3,373,257AA-

4.5%$3,277,016A+

4.0%$2,867,140Not Rated

2.0%$1,422,986A-

1.8%$1,330,114AA

1.0%$719,688BBB+

Totals 100.0%$72,239,545

5.7%

A

2.0%

A-

4.5%

A+

1.8%

AA

4.7%

AA-

60.7%

AA+

15.6%

AAA

1.0%

BBB+

4.0%

Not Rated



Account 85790100

21 of 92




Issuer Distribution

As of June 30, 2017

Market Value ($) % of PortfolioIssuer

UNITED STATES TREASURY 21,054,841 29.2%

FEDERAL HOME LOAN BANKS 12,917,521 17.9%

FANNIE MAE 6,095,600 8.4%

FREDDIE MAC 2,729,453 3.8%

AFRICAN DEVELOPMENT BANK 2,477,116 3.4%

AMERICAN HONDA FINANCE 1,417,527 2.0%

THE BANK OF NEW YORK MELLON CORPORATION 1,400,735 1.9%

CISCO SYSTEMS INC 1,366,336 1.9%

CHEVRON CORPORATION 1,216,446 1.7%

CARMAX AUTO OWNER TRUST 1,118,329 1.6%

APPLE INC 1,073,969 1.5%

AMERICAN EXPRESS CO 990,649 1.4%

ALLY AUTO RECEIVABLES TRUST 979,556 1.4%

INTL BANK OF RECONSTRUCTION AND DEV 897,040 1.2%

INTER-AMERICAN DEVELOPMENT BANK 840,956 1.2%

CITIBANK CREDIT CARD ISSUANCE 836,014 1.2%

NISSAN AUTO RECEIVABLES 797,882 1.1%

TOYOTA MOTOR CORP 790,474 1.1%

To

p 5

= 6

2.7

%

To

p 1

0 =

71.7

%


22 of 92





TOYOTA AUTO RECEIVABLES 788,155 1.1%

DEERE & COMPANY 786,339 1.1%

FORD CREDIT AUTO OWNER TRUST 738,925 1.0%

AMERICAN EXPRESS CREDIT ACCOUN 733,986 1.0%

GOLDMAN SACHS GROUP INC 719,688 1.0%

HYUNDAI AUTO RECEIVABLES 692,604 1.0%

HONDA AUTO RECEIVABLES 658,111 0.9%

CNH EQUIPMENT TRUST 655,391 0.9%

ASIAN DEVELOPMENT BANK 616,791 0.9%

REGIONAL TRANS AUTH, IL 607,664 0.8%

THE WALT DISNEY CORPORATION 605,129 0.8%

WELLS FARGO & COMPANY 603,127 0.8%

MICROSOFT CORP 585,744 0.8%

HSBC HOLDINGS PLC 559,712 0.8%

INTEL CORPORATION 500,138 0.7%

BURLINGTON NORTHERN SANTA FE 489,041 0.7%

FLORIDA ST HURRICAN CAT FUND 462,608 0.6%

IBM CORP 449,325 0.6%

JP MORGAN CHASE & CO 432,337 0.6%

STATE OF OREGON 400,076 0.6%

PEPSICO INC 304,898 0.4%


23 of 92





JOHN DEERE OWNER TRUST 304,343 0.4%

HOME DEPOT INC 285,130 0.4%

BERKSHIRE HATHAWAY INC 259,842 0.4%

72,239,545 100.0%Grand Total:


24 of 92




Sector/Issuer Distribution

As of June 30, 2017

% of SectorSector / Issuer Market Value ($) % of Total Portfolio

Asset-Backed

ALLY AUTO RECEIVABLES TRUST 1.4% 11.8% 979,556

AMERICAN EXPRESS CREDIT ACCOUN 1.0% 8.8% 733,986

CARMAX AUTO OWNER TRUST 1.5% 13.5% 1,118,329

CITIBANK CREDIT CARD ISSUANCE 1.2% 10.1% 836,014

CNH EQUIPMENT TRUST 0.9% 7.9% 655,391

FORD CREDIT AUTO OWNER TRUST 1.0% 8.9% 738,925

HONDA AUTO RECEIVABLES 0.9% 7.9% 658,111

HYUNDAI AUTO RECEIVABLES 1.0% 8.3% 692,604

JOHN DEERE OWNER TRUST 0.4% 3.7% 304,343

NISSAN AUTO RECEIVABLES 1.1% 9.6% 797,882

TOYOTA AUTO RECEIVABLES 1.1% 9.5% 788,155

100.0% 11.5% 8,303,295 Sector Total

Corporate

AMERICAN EXPRESS CO 1.4% 6.7% 990,649

AMERICAN HONDA FINANCE 2.0% 9.6% 1,417,527

APPLE INC 1.5% 7.2% 1,073,969

BERKSHIRE HATHAWAY INC 0.4% 1.8% 259,842

BURLINGTON NORTHERN SANTA FE 0.7% 3.3% 489,041

CHEVRON CORPORATION 1.7% 8.2% 1,216,446


25 of 92





CISCO SYSTEMS INC 1.9% 9.2% 1,366,336

DEERE & COMPANY 1.1% 5.3% 786,339

GOLDMAN SACHS GROUP INC 1.0% 4.9% 719,688

HOME DEPOT INC 0.4% 1.9% 285,130

HSBC HOLDINGS PLC 0.8% 3.8% 559,712

IBM CORP 0.6% 3.0% 449,325

INTEL CORPORATION 0.7% 3.4% 500,138

JP MORGAN CHASE & CO 0.6% 2.9% 432,337

MICROSOFT CORP 0.8% 3.9% 585,744

PEPSICO INC 0.4% 2.1% 304,898

THE BANK OF NEW YORK MELLON CORPORATION 1.9% 9.4% 1,400,735

THE WALT DISNEY CORPORATION 0.8% 4.1% 605,129

TOYOTA MOTOR CORP 1.1% 5.3% 790,474

WELLS FARGO & COMPANY 0.8% 4.1% 603,127

100.0% 20.5% 14,836,584 Sector Total

Federal Agency/CMO

FANNIE MAE 0.5% 31.0% 338,228

FREDDIE MAC 1.0% 69.0% 751,736

100.0% 1.5% 1,089,964 Sector Total

Federal Agency/GSE

FANNIE MAE 7.9% 27.8% 5,739,773

FEDERAL HOME LOAN BANKS 17.9% 62.6% 12,917,521

FREDDIE MAC 2.7% 9.6% 1,977,717


26 of 92





100.0% 28.6% 20,635,011 Sector Total

Mortgage-Backed

FANNIE MAE - % 100.0% 17,599

100.0% 0.0% 17,599 Sector Total

Municipal

FLORIDA ST HURRICAN CAT FUND 0.6% 31.5% 462,608

REGIONAL TRANS AUTH, IL 0.8% 41.3% 607,664

STATE OF OREGON 0.6% 27.2% 400,076

100.0% 2.0% 1,470,348 Sector Total

Supra-Sov / Supra-Natl Agency

AFRICAN DEVELOPMENT BANK 3.4% 51.3% 2,477,116

ASIAN DEVELOPMENT BANK 0.9% 12.8% 616,791

INTER-AMERICAN DEVELOPMENT BANK 1.2% 17.4% 840,956

INTL BANK OF RECONSTRUCTION AND DEV 1.2% 18.6% 897,040

100.0% 6.7% 4,831,903 Sector Total

U.S. Treasury

UNITED STATES TREASURY 29.1% 100.0% 21,054,841

100.0% 29.1% 21,054,841 Sector Total


27 of 92




100.0% 72,239,545 Portfolio Total 100.0%


28 of 92



Portfolio Activity

Quarterly Portfolio Transactions

Trade

Date

Settle

Date

Maturity

DatePar ($) CUSIP Security Description

Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon

BUY

4/3/17 4/5/17 1,050,000 912828K58 US TREASURY NOTES 4/30/20 1,052,448.25 1.50%1.37%

4/4/17 4/11/17 300,000 17305EGB5 CCCIT 2017-A3 A3 4/7/22 299,913.57 1.93%1.92%

4/11/17 4/17/17 440,000 89236TDU6 TOYOTA MOTOR CREDIT CORP 4/17/20 439,797.60 1.97%1.95%

4/18/17 4/25/17 545,000 02582JHE3 AMXCA 2017-3 A 11/15/22 544,899.01 1.17%1.77%

4/27/17 5/2/17 305,000 713448DR6 PEPSICO INC 5/2/19 304,771.25 1.59%1.55%

4/27/17 5/3/17 420,000 0258M0EK1 AMERICAN EXPRESS CREDIT 5/3/19 419,827.80 1.90%1.87%

5/8/17 5/11/17 500,000 458140AZ3 INTEL CORP NOTES 5/11/20 499,810.00 1.86%1.85%

5/11/17 5/16/17 225,000 46625HKA7 JPMORGAN CHASE & CO (CALLABLE) 1/23/20 227,369.81 2.12%2.25%

5/22/17 5/30/17 190,000 02582JHG8 AMXCA 2017-4 A 12/15/21 189,969.56 1.65%1.64%

5/24/17 6/5/17 285,000 437076BQ4 HOME DEPOT INC CORP NOTES 6/5/20 284,834.70 1.82%1.80%

6/1/17 6/6/17 300,000 25468PDU7 WALT DISNEY COMPANY CORP NOTES 6/5/20 299,652.00 1.84%1.80%


6/19/17 6/22/17 150,000 24422ETS8 JOHN DEERE CAPITAL CORP NOTES 6/22/20 149,908.50 1.97%1.95%

6/23/17 6/28/17 738,030 3137AA4V2 FHLMC SERIES K013 A1 8/25/20 753,676.34 1.60%2.90%

6/26/17 6/28/17 4,000,000 912828XH8 US TREASURY NOTES 6/30/20 4,046,672.13 1.50%1.62%

6/26/17 6/28/17 2,000,000 912828WW6 US TREASURY NOTES 7/31/19 2,024,224.79 1.36%1.62%

6/29/17 6/30/17 5,000,000 912828XV7 US TREASURY N/B NOTES 6/30/19 4,988,085.94 1.37%1.25%

16,654,030 16,734,530.50Total BUY

INTEREST

4/1/17 4/1/17 460,000 12189TBC7 BURLINGTON NRTH CORP 10/1/19 10,810.00 4.70%

4/1/17 4/1/17 1,880,000 3130A9AE1 FHLB GLOBAL NOTE 10/1/18 8,225.00 0.87%

4/1/17 4/1/17 400,000 68607VJ63 OR ST DEPT ADMIN LOTTERY TXBL REV BONDS 4/1/18 2,880.00 1.44%

4/1/17 4/1/17 610,000 7599112M1 REGIONAL TRANS AUTH, IL TXBL REV BONDS 5/4/18 3,812.50 1.25%


29 of 92



Portfolio Activity

Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon

4/1/17 4/25/17 9,413 31371HAD0 FNMA POOL #252104 11/1/18 50.99 6.50%

4/1/17 4/25/17 247,622 3137BNMZ4 FHLMC SERIES KP03 A1 3/1/19 358.64 1.73%

4/1/17 4/25/17 470,000 3136ASPX8 FNMA SERIES 2016-M9 ASQ2 6/1/19 699.13 1.78%

4/1/17 4/25/17 12,256 31402QH61 FNMA POOL #734753 8/1/18 40.85 4.00%

4/2/17 4/2/17 620,000 00828EBB4 AFRICAN DEVELOPMENT BANK NOTE 10/2/18 5,040.60 1.62%

4/3/17 4/3/17 0 MONEY0002 MONEY MARKET FUND 88.79

4/9/17 4/9/17 795,000 3137EAEA3 FHLMC REFERENCE NOTE 4/9/18 2,981.25 0.75%

4/13/17 4/13/17 475,000 36962G7J7 GEN ELE CORP NOTES (CALLED OMD 05/15/17) 4/13/17 2,440.97 1.25%

4/15/17 4/15/17 280,000 65478VAD9 NISSAN ABS 2016-B A3 1/15/21 308.00 1.32%

4/15/17 4/15/17 410,000 34531EAD8 FORDO 2017-A A3 6/15/21 570.58 1.67%

4/15/17 4/15/17 575,000 14314JAB6 CARMX 2017-1 A2 2/15/20 737.92 1.54%

4/15/17 4/15/17 235,000 24422ETM1 JOHN DEERE CAPITAL CORP 10/15/18 1,066.31 1.65%

4/15/17 4/15/17 305,000 12636WAD8 CNH EQUIPMENT TRUST POOL 5/15/22 403.36 2.07%

4/15/17 4/15/17 490,000 02007HAC5 ALLYA 2017-2 A3 8/15/21 387.64 1.78%

4/15/17 4/15/17 210,000 02007PAC7 ALLYA 2017-1 A3 6/15/21 297.50 1.70%

4/15/17 4/15/17 600,000 14312QAB2 CARMX 2016-4 A2 11/15/19 605.00 1.21%

4/15/17 4/15/17 430,000 89237KAD5 TOYOTA ABS 2016-A A3 3/15/20 447.92 1.25%

4/15/17 4/15/17 180,000 47788NAC2 JOHN DEERE ABS 2016-B A3 6/15/20 187.50 1.25%

4/15/17 4/15/17 345,000 654747AD6 NAROT 2017-A A3 8/15/21 283.48 1.74%

4/15/17 4/15/17 290,000 44891EAC3 HYUNDAI AUTO RECEIVABLES TRUST 4/15/21 311.75 1.29%

4/15/17 4/15/17 150,000 34532EAD7 FORD ABS 2016-B A3 10/15/20 166.25 1.33%

4/15/17 4/15/17 125,000 12635YAD5 CNH ABS 2016-C A3 12/15/21 150.00 1.44%

4/15/17 4/15/17 225,000 12594DAD0 CNH ABS 2016-B A3 8/15/21 305.62 1.63%

4/15/17 4/15/17 265,000 44931PAD8 HART 2017-A A3 8/15/21 207.29 1.76%

4/15/17 4/15/17 175,000 89237WAD9 TOYOTA ABS 2016-C A3 8/15/20 166.25 1.14%

4/15/17 4/15/17 185,000 89238MAD0 TAOT 2017-A A3 2/15/21 266.71 1.73%

4/15/17 4/15/17 140,000 44930UAD8 HYUNDAI ABS 2016-A A3 9/15/20 182.00 1.56%

4/15/17 4/15/17 125,000 47787XAC1 JDOT 2017-A A3 4/15/21 265.76 1.78%

4/15/17 4/15/17 175,000 65478WAD7 NISSAN ABS 2016-C A3 1/15/21 172.08 1.18%

4/15/17 4/15/17 180,000 34531PAD3 FORD ABS 2016-A A3 7/15/20 208.50 1.39%


30 of 92



Portfolio Activity

Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon

4/15/17 4/15/17 280,000 02007LAC6 ALLY ABS 2016-3 A3 8/15/20 336.00 1.44%

4/18/17 4/18/17 350,000 43814NAC9 HONDA ABS 2016-1 A3 12/18/19 355.83 1.22%

4/18/17 4/18/17 370,000 438124AC3 HAROT 2016-3 A3 ABS 6/18/19 357.67 1.16%

4/21/17 4/21/17 290,000 43814TAC6 HAROT 2017-1 A3 7/21/21 318.68 1.72%

4/22/17 4/22/17 600,000 94974BFU9 WELLS FARGO & COMPANY 4/22/19 6,375.00 2.12%

4/25/17 4/25/17 600,000 38141GVT8 GOLDMAN SACHS GRP INC CORP NT (CALLABLE) 4/25/19 6,000.00 2.00%


4/30/17 4/30/17 1,050,000 912828K58 US TREASURY NOTES 4/30/20 7,218.75 1.37%

4/30/17 4/30/17 755,000 912828WD8 US TREASURY NOTES 10/31/18 4,718.75 1.25%


4/30/17 4/30/17 200,000 0258M0EC9 AMERICAN EXPRESS CREDIT CORP 10/30/19 1,700.00 1.70%


5/1/17 5/25/17 11,378 31402QH61 FNMA POOL #734753 8/1/18 37.93 4.00%


5/1/17 5/25/17 8,802 31371HAD0 FNMA POOL #252104 11/1/18 47.68 6.50%

5/13/17 5/13/17 850,000 458182DX7 INTER-AMERICAN DEVELOPMENT BANK 5/13/19 4,250.00 1.00%

5/13/17 5/13/17 560,000 40428HPL0 HSBC USA INC NOTES 11/13/17 4,223.33 1.50%



5/15/17 5/15/17 185,000 89238MAD0 TAOT 2017-A A3 2/15/21 266.71 1.73%

5/15/17 5/15/17 410,000 34531EAD8 FORDO 2017-A A3 6/15/21 570.58 1.67%

5/15/17 5/15/17 180,000 34531PAD3 FORD ABS 2016-A A3 7/15/20 208.50 1.39%

5/15/17 5/15/17 345,000 654747AD6 NAROT 2017-A A3 8/15/21 500.25 1.74%

5/15/17 5/15/17 280,000 65478VAD9 NISSAN ABS 2016-B A3 1/15/21 308.00 1.32%

5/15/17 5/15/17 125,000 47787XAC1 JDOT 2017-A A3 4/15/21 185.42 1.78%

5/15/17 5/15/17 150,000 34532EAD7 FORD ABS 2016-B A3 10/15/20 166.25 1.33%


5/15/17 5/15/17 280,000 02007LAC6 ALLY ABS 2016-3 A3 8/15/20 336.00 1.44%

5/15/17 5/15/17 210,000 02007PAC7 ALLYA 2017-1 A3 6/15/21 297.50 1.70%

5/15/17 5/15/17 175,000 65478WAD7 NISSAN ABS 2016-C A3 1/15/21 172.08 1.18%


31 of 92



Portfolio Activity

Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon

5/15/17 5/15/17 600,000 14312QAB2 CARMX 2016-4 A2 11/15/19 605.00 1.21%

5/15/17 5/15/17 490,000 02007HAC5 ALLYA 2017-2 A3 8/15/21 726.83 1.78%

5/15/17 5/15/17 430,000 89237KAD5 TOYOTA ABS 2016-A A3 3/15/20 447.92 1.25%

5/15/17 5/15/17 610,000 00828EBN8 AFRICAN DEVELOPMENT BANK NOTE 5/15/19 3,050.00 1.00%

5/15/17 5/15/17 575,000 14314JAB6 CARMX 2017-1 A2 2/15/20 737.92 1.54%

5/15/17 5/15/17 545,000 02582JHE3 AMXCA 2017-3 A 11/15/22 535.92 1.77%

5/15/17 5/15/17 225,000 12594DAD0 CNH ABS 2016-B A3 8/15/21 305.63 1.63%

5/15/17 5/15/17 125,000 12635YAD5 CNH ABS 2016-C A3 12/15/21 150.00 1.44%

5/15/17 5/15/17 265,000 44931PAD8 HART 2017-A A3 8/15/21 388.67 1.76%

5/15/17 5/15/17 175,000 89237WAD9 TOYOTA ABS 2016-C A3 8/15/20 166.25 1.14%


5/16/17 5/16/17 1,220,000 166764BH2 CHEVRON CORP NOTES 5/16/19 9,522.10 1.56%

5/18/17 5/18/17 370,000 438124AC3 HAROT 2016-3 A3 ABS 6/18/19 357.67 1.16%

5/21/17 5/21/17 290,000 43814TAC6 HAROT 2017-1 A3 7/21/21 415.67 1.72%

5/22/17 5/22/17 1,400,000 06406HDB2 BANK OF NEW YORK MELLON CORP (CALLABLE) 5/22/18 11,200.00 1.60%

5/31/17 5/31/17 3,700,000 912828G61 US TREASURY NOTES 11/30/19 27,750.00 1.50%

6/1/17 6/25/17 10,403 31402QH61 FNMA POOL #734753 8/1/18 34.68 4.00%

6/1/17 6/25/17 8,074 31371HAD0 FNMA POOL #252104 11/1/18 43.73 6.50%



6/5/17 6/5/17 565,000 0258M0DM8 AMERICAN EXPRESS CREDIT CORP NOTES 6/5/17 3,178.13 1.12%

6/15/17 6/15/17 280,000 02007LAC6 ALLY ABS 2016-3 A3 8/15/20 336.00 1.44%

6/15/17 6/15/17 591,114 14312QAB2 CARMX 2016-4 A2 11/15/19 596.04 1.21%

6/15/17 6/15/17 125,000 47787XAC1 JDOT 2017-A A3 4/15/21 185.42 1.78%

6/15/17 6/15/17 190,000 02582JHG8 AMXCA 2017-4 A 12/15/21 129.83 1.64%

6/15/17 6/15/17 225,000 12594DAD0 CNH ABS 2016-B A3 8/15/21 305.63 1.63%

6/15/17 6/15/17 175,000 65478WAD7 NISSAN ABS 2016-C A3 1/15/21 172.08 1.18%

6/15/17 6/15/17 430,000 89237KAD5 TOYOTA ABS 2016-A A3 3/15/20 447.92 1.25%

6/15/17 6/15/17 180,000 34531PAD3 FORD ABS 2016-A A3 7/15/20 208.50 1.39%

6/15/17 6/15/17 150,000 34532EAD7 FORD ABS 2016-B A3 10/15/20 166.25 1.33%


32 of 92



Portfolio Activity

Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon


6/15/17 6/15/17 185,000 89238MAD0 TAOT 2017-A A3 2/15/21 266.71 1.73%

6/15/17 6/15/17 125,000 12635YAD5 CNH ABS 2016-C A3 12/15/21 150.00 1.44%

6/15/17 6/15/17 210,000 02007PAC7 ALLYA 2017-1 A3 6/15/21 297.50 1.70%

6/15/17 6/15/17 545,000 02582JHE3 AMXCA 2017-3 A 11/15/22 803.88 1.77%

6/15/17 6/15/17 345,000 654747AD6 NAROT 2017-A A3 8/15/21 500.25 1.74%

6/15/17 6/15/17 280,000 65478VAD9 NISSAN ABS 2016-B A3 1/15/21 308.00 1.32%

6/15/17 6/15/17 175,000 89237WAD9 TOYOTA ABS 2016-C A3 8/15/20 166.25 1.14%


6/15/17 6/15/17 265,000 44931PAD8 HART 2017-A A3 8/15/21 388.67 1.76%



6/15/17 6/15/17 650,000 17275RAU6 CISCO SYSTEMS INC CORP NOTE 6/15/18 5,362.50 1.65%

6/15/17 6/15/17 410,000 34531EAD8 FORDO 2017-A A3 6/15/21 570.58 1.67%

6/15/17 6/15/17 490,000 02007HAC5 ALLYA 2017-2 A3 8/15/21 726.83 1.78%

6/15/17 6/15/17 575,000 14314JAB6 CARMX 2017-1 A2 2/15/20 737.92 1.54%

6/18/17 6/18/17 370,000 438124AC3 HAROT 2016-3 A3 ABS 6/18/19 357.67 1.16%

6/21/17 6/21/17 1,880,000 3130A8DB6 FHLB GLOBAL NOTE 6/21/19 10,575.00 1.12%

6/21/17 6/21/17 290,000 43814TAC6 HAROT 2017-1 A3 7/21/21 415.67 1.72%


6/29/17 6/29/17 1,600,000 3130A8BD4 FEDERAL HOME LOAN BANKS AGCY 6/29/18 7,000.00 0.87%

6/30/17 6/30/17 4,000,000 912828XH8 US TREASURY NOTES 6/30/20 32,500.00 1.62%

6/30/17 6/30/17 2,380,000 912828A75 US TREASURY NOTES 12/31/18 17,850.00 1.50%

53,710,298 241,330.64Total INTEREST

MATURITY

4/13/17 4/13/17 475,000 36962G7J7 GEN ELE CORP NOTES (CALLED OMD 05/15/17) 4/13/17 475,000.00 0.00 1.25%

6/5/17 6/5/17 565,000 0258M0DM8 AMERICAN EXPRESS CREDIT CORP NOTES 6/5/17 565,000.00 0.00 1.12%


33 of 92



Portfolio Activity

Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon

1,040,000 1,040,000.00 0.00Total MATURITY

PAYDOWNS

4/1/17 4/25/17 247,622 3137BNMZ4 FHLMC SERIES KP03 A1 3/1/19 247,621.84 0.00 1.73%

4/1/17 4/25/17 878 31402QH61 FNMA POOL #734753 8/1/18 878.16 0.00 4.00%

4/1/17 4/25/17 611 31371HAD0 FNMA POOL #252104 11/1/18 611.28 0.00 6.50%

5/1/17 5/25/17 975 31402QH61 FNMA POOL #734753 8/1/18 975.23 0.00 4.00%

5/1/17 5/25/17 123,763 3136ASPX8 FNMA SERIES 2016-M9 ASQ2 6/1/19 123,763.13 0.00 1.78%

5/1/17 5/25/17 728 31371HAD0 FNMA POOL #252104 11/1/18 728.46 0.00 6.50%

5/15/17 5/15/17 8,886 14312QAB2 CARMX 2016-4 A2 11/15/19 8,886.30 0.00 1.21%

6/1/17 6/25/17 1,208 31402QH61 FNMA POOL #734753 8/1/18 1,208.01 0.00 4.00%


6/1/17 6/25/17 768 31371HAD0 FNMA POOL #252104 11/1/18 768.24 0.00 6.50%

6/15/17 6/15/17 46,862 14312QAB2 CARMX 2016-4 A2 11/15/19 46,862.48 0.00 1.21%

440,674 440,674.48 0.00Total PAYDOWNS

SELL

4/3/17 4/5/17 710,000 097023BF1 BOEING COMPANY (FLOATING) NOTE 10/30/17 711,982.08 1.05% 489.90 1.29%

4/3/17 4/5/17 270,000 912828UZ1 US TREASURY NOTES 4/30/18 269,387.76 1.09% (554.81)0.62%

4/5/17 4/11/17 300,000 912828WD8 US TREASURY NOTES 10/31/18 301,830.52 1.22% (291.62)1.25%

4/11/17 4/17/17 270,000 89236TCP8 TOYOTA MOTOR CREDIT CORP 7/13/18 271,162.95 1.53% 166.25 1.55%

4/11/17 4/17/17 170,000 89236TCA1 TOYOTA MOTOR CREDIT CORP NOTE 1/12/18 170,813.69 1.32% 221.28 1.45%

4/20/17 4/25/17 350,000 43814NAC9 HONDA ABS 2016-1 A3 12/18/19 349,098.66 1.37% (952.20)1.22%


5/9/17 5/11/17 645,000 14912L6D8 CATERPILLAR FINANCIAL SE 8/18/17 646,800.80 1.28% (28.56)1.25%



34 of 92



Portfolio Activity

Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon


6/14/17 6/16/17 750,000 459200HZ7 IBM CORP NOTES 2/6/18 752,184.38 1.31% (368.51)1.12%

3,910,000 3,918,744.27 -1,705.87Total SELL


35 of 92



Portfolio Activity


Security DescriptionCUSIPPar ($) Settle

Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon

4/1/17 4/1/17 460,000.00 12189TBC7 BURLINGTON NRTH CORPINTEREST 10/1/19 10,810.00 4.70%

4/1/17 4/1/17 1,880,000.00 3130A9AE1 FHLB GLOBAL NOTEINTEREST 10/1/18 8,225.00 0.87%

4/1/17 4/1/17 400,000.00 68607VJ63 OR ST DEPT ADMIN LOTTERY TXBL REV BONDSINTEREST 4/1/18 2,880.00 1.44%

4/1/17 4/1/17 610,000.00 7599112M1 REGIONAL TRANS AUTH, IL TXBL REV BONDSINTEREST 5/4/18 3,812.50 1.25%

4/1/17 4/25/17 9,413.28 31371HAD0 FNMA POOL #252104INTEREST 11/1/18 50.99 6.50%

4/1/17 4/25/17 247,621.84 3137BNMZ4 FHLMC SERIES KP03 A1INTEREST 3/1/19 358.64 1.73%

4/1/17 4/25/17 470,000.00 3136ASPX8 FNMA SERIES 2016-M9 ASQ2INTEREST 6/1/19 699.13 1.78%

4/1/17 4/25/17 12,256.25 31402QH61 FNMA POOL #734753INTEREST 8/1/18 40.85 4.00%

4/1/17 4/25/17 247,621.84 3137BNMZ4 FHLMC SERIES KP03 A1PAYDOWNS 3/1/19 247,621.84 0.00 1.73%

4/1/17 4/25/17 878.16 31402QH61 FNMA POOL #734753PAYDOWNS 8/1/18 878.16 0.00 4.00%

4/1/17 4/25/17 611.28 31371HAD0 FNMA POOL #252104PAYDOWNS 11/1/18 611.28 0.00 6.50%

4/2/17 4/2/17 620,000.00 00828EBB4 AFRICAN DEVELOPMENT BANK NOTEINTEREST 10/2/18 5,040.60 1.62%

4/3/17 4/3/17 0.00 MONEY0002 MONEY MARKET FUNDINTEREST 88.79

4/3/17 4/5/17 1,050,000.00 912828K58 US TREASURY NOTESBUY 4/30/20 (1,052,448.25) 1.50%1.37%

4/3/17 4/5/17 710,000.00 097023BF1 BOEING COMPANY (FLOATING) NOTESELL 10/30/17 711,982.08 1.05% 489.90 1.29%

4/3/17 4/5/17 270,000.00 912828UZ1 US TREASURY NOTESSELL 4/30/18 269,387.76 1.09% (554.81)0.62%

4/4/17 4/11/17 300,000.00 17305EGB5 CCCIT 2017-A3 A3BUY 4/7/22 (299,913.57) 1.93%1.92%

4/5/17 4/11/17 300,000.00 912828WD8 US TREASURY NOTESSELL 10/31/18 301,830.52 1.22% (291.62)1.25%

4/9/17 4/9/17 795,000.00 3137EAEA3 FHLMC REFERENCE NOTEINTEREST 4/9/18 2,981.25 0.75%

4/11/17 4/17/17 440,000.00 89236TDU6 TOYOTA MOTOR CREDIT CORPBUY 4/17/20 (439,797.60) 1.97%1.95%


36 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon

4/11/17 4/17/17 270,000.00 89236TCP8 TOYOTA MOTOR CREDIT CORPSELL 7/13/18 271,162.95 1.53% 166.25 1.55%

4/11/17 4/17/17 170,000.00 89236TCA1 TOYOTA MOTOR CREDIT CORP NOTESELL 1/12/18 170,813.69 1.32% 221.28 1.45%

4/13/17 4/13/17 475,000.00 36962G7J7 GEN ELE CORP NOTES (CALLED OMD 05/15/17)INTEREST 4/13/17 2,440.97 1.25%

4/13/17 4/13/17 475,000.00 36962G7J7 GEN ELE CORP NOTES (CALLED OMD 05/15/17)MATURITY 4/13/17 475,000.00 0.00 1.25%

4/15/17 4/15/17 280,000.00 65478VAD9 NISSAN ABS 2016-B A3INTEREST 1/15/21 308.00 1.32%

4/15/17 4/15/17 410,000.00 34531EAD8 FORDO 2017-A A3INTEREST 6/15/21 570.58 1.67%

4/15/17 4/15/17 575,000.00 14314JAB6 CARMX 2017-1 A2INTEREST 2/15/20 737.92 1.54%

4/15/17 4/15/17 235,000.00 24422ETM1 JOHN DEERE CAPITAL CORPINTEREST 10/15/18 1,066.31 1.65%

4/15/17 4/15/17 305,000.00 12636WAD8 CNH EQUIPMENT TRUST POOLINTEREST 5/15/22 403.36 2.07%

4/15/17 4/15/17 490,000.00 02007HAC5 ALLYA 2017-2 A3INTEREST 8/15/21 387.64 1.78%

4/15/17 4/15/17 210,000.00 02007PAC7 ALLYA 2017-1 A3INTEREST 6/15/21 297.50 1.70%

4/15/17 4/15/17 600,000.00 14312QAB2 CARMX 2016-4 A2INTEREST 11/15/19 605.00 1.21%

4/15/17 4/15/17 430,000.00 89237KAD5 TOYOTA ABS 2016-A A3INTEREST 3/15/20 447.92 1.25%

4/15/17 4/15/17 180,000.00 47788NAC2 JOHN DEERE ABS 2016-B A3INTEREST 6/15/20 187.50 1.25%

4/15/17 4/15/17 345,000.00 654747AD6 NAROT 2017-A A3INTEREST 8/15/21 283.48 1.74%

4/15/17 4/15/17 290,000.00 44891EAC3 HYUNDAI AUTO RECEIVABLES TRUSTINTEREST 4/15/21 311.75 1.29%

4/15/17 4/15/17 150,000.00 34532EAD7 FORD ABS 2016-B A3INTEREST 10/15/20 166.25 1.33%

4/15/17 4/15/17 125,000.00 12635YAD5 CNH ABS 2016-C A3INTEREST 12/15/21 150.00 1.44%

4/15/17 4/15/17 225,000.00 12594DAD0 CNH ABS 2016-B A3INTEREST 8/15/21 305.62 1.63%

4/15/17 4/15/17 265,000.00 44931PAD8 HART 2017-A A3INTEREST 8/15/21 207.29 1.76%

4/15/17 4/15/17 175,000.00 89237WAD9 TOYOTA ABS 2016-C A3INTEREST 8/15/20 166.25 1.14%

4/15/17 4/15/17 185,000.00 89238MAD0 TAOT 2017-A A3INTEREST 2/15/21 266.71 1.73%


37 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon

4/15/17 4/15/17 140,000.00 44930UAD8 HYUNDAI ABS 2016-A A3INTEREST 9/15/20 182.00 1.56%

4/15/17 4/15/17 125,000.00 47787XAC1 JDOT 2017-A A3INTEREST 4/15/21 265.76 1.78%

4/15/17 4/15/17 175,000.00 65478WAD7 NISSAN ABS 2016-C A3INTEREST 1/15/21 172.08 1.18%

4/15/17 4/15/17 180,000.00 34531PAD3 FORD ABS 2016-A A3INTEREST 7/15/20 208.50 1.39%

4/15/17 4/15/17 280,000.00 02007LAC6 ALLY ABS 2016-3 A3INTEREST 8/15/20 336.00 1.44%

4/18/17 4/18/17 350,000.00 43814NAC9 HONDA ABS 2016-1 A3INTEREST 12/18/19 355.83 1.22%

4/18/17 4/18/17 370,000.00 438124AC3 HAROT 2016-3 A3 ABSINTEREST 6/18/19 357.67 1.16%

4/18/17 4/25/17 545,000.00 02582JHE3 AMXCA 2017-3 ABUY 11/15/22 (544,899.01) 1.17%1.77%

4/20/17 4/25/17 350,000.00 43814NAC9 HONDA ABS 2016-1 A3SELL 12/18/19 349,098.66 1.37% (952.20)1.22%

4/21/17 4/21/17 290,000.00 43814TAC6 HAROT 2017-1 A3INTEREST 7/21/21 318.68 1.72%

4/22/17 4/22/17 600,000.00 94974BFU9 WELLS FARGO & COMPANYINTEREST 4/22/19 6,375.00 2.12%

4/25/17 4/25/17 600,000.00 38141GVT8 GOLDMAN SACHS GRP INC CORP NT (CALLABLE)INTEREST 4/25/19 6,000.00 2.00%


4/27/17 5/2/17 305,000.00 713448DR6 PEPSICO INCBUY 5/2/19 (304,771.25) 1.59%1.55%

4/27/17 5/3/17 420,000.00 0258M0EK1 AMERICAN EXPRESS CREDITBUY 5/3/19 (419,827.80) 1.90%1.87%


4/30/17 4/30/17 1,050,000.00 912828K58 US TREASURY NOTESINTEREST 4/30/20 7,218.75 1.37%

4/30/17 4/30/17 755,000.00 912828WD8 US TREASURY NOTESINTEREST 10/31/18 4,718.75 1.25%


4/30/17 4/30/17 200,000.00 0258M0EC9 AMERICAN EXPRESS CREDIT CORPINTEREST 10/30/19 1,700.00 1.70%




38 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon



5/1/17 5/25/17 975.23 31402QH61 FNMA POOL #734753PAYDOWNS 8/1/18 975.23 0.00 4.00%

5/1/17 5/25/17 123,763.13 3136ASPX8 FNMA SERIES 2016-M9 ASQ2PAYDOWNS 6/1/19 123,763.13 0.00 1.78%


5/8/17 5/11/17 500,000.00 458140AZ3 INTEL CORP NOTESBUY 5/11/20 (499,810.00) 1.86%1.85%

5/9/17 5/11/17 645,000.00 14912L6D8 CATERPILLAR FINANCIAL SESELL 8/18/17 646,800.80 1.28% (28.56)1.25%

5/11/17 5/16/17 225,000.00 46625HKA7 JPMORGAN CHASE & CO (CALLABLE)BUY 1/23/20 (227,369.81) 2.12%2.25%

5/13/17 5/13/17 850,000.00 458182DX7 INTER-AMERICAN DEVELOPMENT BANKINTEREST 5/13/19 4,250.00 1.00%

5/13/17 5/13/17 560,000.00 40428HPL0 HSBC USA INC NOTESINTEREST 11/13/17 4,223.33 1.50%














39 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon





5/15/17 5/15/17 610,000.00 00828EBN8 AFRICAN DEVELOPMENT BANK NOTEINTEREST 5/15/19 3,050.00 1.00%


5/15/17 5/15/17 545,000.00 02582JHE3 AMXCA 2017-3 AINTEREST 11/15/22 535.92 1.77%






5/15/17 5/15/17 8,886.30 14312QAB2 CARMX 2016-4 A2PAYDOWNS 11/15/19 8,886.30 0.00 1.21%

5/16/17 5/16/17 1,220,000.00 166764BH2 CHEVRON CORP NOTESINTEREST 5/16/19 9,522.10 1.56%



5/22/17 5/22/17 1,400,000.00 06406HDB2 BANK OF NEW YORK MELLON CORP (CALLABLE)INTEREST 5/22/18 11,200.00 1.60%

5/22/17 5/30/17 190,000.00 02582JHG8 AMXCA 2017-4 ABUY 12/15/21 (189,969.56) 1.65%1.64%


5/24/17 6/5/17 285,000.00 437076BQ4 HOME DEPOT INC CORP NOTESBUY 6/5/20 (284,834.70) 1.82%1.80%

5/31/17 5/31/17 3,700,000.00 912828G61 US TREASURY NOTESINTEREST 11/30/19 27,750.00 1.50%



40 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon


6/1/17 6/6/17 300,000.00 25468PDU7 WALT DISNEY COMPANY CORP NOTESBUY 6/5/20 (299,652.00) 1.84%1.80%




6/1/17 6/25/17 1,208.01 31402QH61 FNMA POOL #734753PAYDOWNS 8/1/18 1,208.01 0.00 4.00%



6/5/17 6/5/17 565,000.00 0258M0DM8 AMERICAN EXPRESS CREDIT CORP NOTESINTEREST 6/5/17 3,178.13 1.12%

6/5/17 6/5/17 565,000.00 0258M0DM8 AMERICAN EXPRESS CREDIT CORP NOTESMATURITY 6/5/17 565,000.00 0.00 1.12%

6/14/17 6/16/17 750,000.00 459200HZ7 IBM CORP NOTESSELL 2/6/18 752,184.38 1.31% (368.51)1.12%




6/15/17 6/15/17 190,000.00 02582JHG8 AMXCA 2017-4 AINTEREST 12/15/21 129.83 1.64%









41 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon











6/15/17 6/15/17 650,000.00 17275RAU6 CISCO SYSTEMS INC CORP NOTEINTEREST 6/15/18 5,362.50 1.65%







6/19/17 6/22/17 150,000.00 24422ETS8 JOHN DEERE CAPITAL CORP NOTESBUY 6/22/20 (149,908.50) 1.97%1.95%

6/21/17 6/21/17 1,880,000.00 3130A8DB6 FHLB GLOBAL NOTEINTEREST 6/21/19 10,575.00 1.12%



6/23/17 6/28/17 738,030.15 3137AA4V2 FHLMC SERIES K013 A1BUY 8/25/20 (753,676.34) 1.60%2.90%


42 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon

6/26/17 6/28/17 4,000,000.00 912828XH8 US TREASURY NOTESBUY 6/30/20 (4,046,672.13) 1.50%1.62%

6/26/17 6/28/17 2,000,000.00 912828WW6 US TREASURY NOTESBUY 7/31/19 (2,024,224.79) 1.36%1.62%

6/29/17 6/29/17 1,600,000.00 3130A8BD4 FEDERAL HOME LOAN BANKS AGCYINTEREST 6/29/18 7,000.00 0.87%

6/29/17 6/30/17 5,000,000.00 912828XV7 US TREASURY N/B NOTESBUY 6/30/19 (4,988,085.94) 1.37%1.25%

6/30/17 6/30/17 4,000,000.00 912828XH8 US TREASURY NOTESINTEREST 6/30/20 32,500.00 1.62%

6/30/17 6/30/17 2,380,000.00 912828A75 US TREASURY NOTESINTEREST 12/31/18 17,850.00 1.50%

TOTALS (11,093,781.11) (1,705.87)


43 of 92

TOHO WATER AUTHORITY OPERATING PORTFOLIO


Portfolio Snapshot


As of June 30, 2017

$39,470,998

$41,051,735

$39,387,302

$106,601

$1,557,833

Accrued Interest:

Cash:

Par Value:

Total Market Value:


$39,511,520

1.52%

1.33%


Yield at Cost:

Amortized Cost:

Yield at Market:





5.9%

A

1.6%

A-

3.4%

A+

1.9%

AA

5.0%

AA-

60.7%

AA+

16.4%

AAA

1.2%

BBB+

4.1%

Not Rated

0%

5%

10%

15%

20%

25%

30%

35%

40%


8.5%

39.8%

36.4%

10.6%

4.0%

0.8%


Sector Allocation

12.3%

Asset-Backed

19.8%

Corporate

1.5%

Federal

Agency/CMO

28.3%

Federal

Agency/GSE

2.0%

Municipal

6.9%

Supra-Sov /

Supra-Natl

Agency

29.2%

U.S.

Treasury



Account 85790101

44 of 92





Effective


Annualized Return

10 Year1 Year 3 Year 5 YearSince Inception

(03/31/09) **

Current

Quarter

TOHO WATER AUTHORITY OPERATING PORTFOLIO 1.82 0.31% -0.29% 0.90% 0.78% 1.18%

BofA ML 1-3 Year U.S. Treasury Index 1.82 0.17% --0.11% 0.69% 0.63% 0.95%

Difference 0.40% 0.14% 0.21% 0.15% - 0.23%

-0.2%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

Current Quarter 1 Year 3 Year 5 Year 10 Year Since Inception

0.31% 0.29%

0.90%

0.78%

1.18%

0.17%

-0.11%

0.69%0.63%

0.95%

To

tal R

etu

rn

TOHO WATER AUTHORITY OPERATING PORTFOLIO BofA ML 1-3 Year U.S. Treasury Index


Portfolio performance is gross of fees unless otherwise indicated. **Since Inception performance is not shown for periods less than one year.

Account 85790101

45 of 92





Effective


Annualized Return

03/31/17 09/30/1606/30/17 12/31/16

Quarter Ended

5 Year1 Year 3 Year

TOHO WATER AUTHORITY OPERATING PORTFOLIO 1.82 0.31% 0.29% 0.90% 0.78%0.36% -0.36% -0.02%

BofA ML 1-3 Year U.S. Treasury Index 1.82 0.17% -0.11% 0.69% 0.63%0.26% -0.43% -0.11%

Difference 0.40% 0.14% 0.21% 0.15%0.10% 0.07% 0.09%

-0.6%

-0.4%

-0.2%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

06/30/17 03/31/17 12/31/16 09/30/16 1 Year 3 Year 5 Year

0.31%0.36%

-0.36%

-0.02%

0.29%

0.90%

0.78%

0.17%0.26%

-0.43%

-0.11% -0.11%

0.69%0.63%

To

tal R

etu

rn



Portfolio performance is gross of fees unless otherwise indicated.

Account 85790101

46 of 92





03/31/17 09/30/1606/30/17 12/31/16

Quarter Ended Annualized Return

5 Year1 Year 3 YearPortfolio/Benchmark

Effective

Duration

0.29% 0.90% 0.78%0.36% -0.36% -0.02%TOHO WATER AUTHORITY OPERATING PORTFOLIO 0.31% 1.82

0.23% 0.84% 0.72%0.35% -0.37% -0.03% Net of Fees ** 0.29% 0.00

-0.11% 0.69% 0.63%0.26% -0.43% -0.11%BofA ML 1-3 Year U.S. Treasury Index 0.17% 1.82

0.40% 0.14% 0.21% 0.15%0.10% 0.07% 0.09%Difference (Gross)

Difference (Net) 0.12% 0.09% 0.06% 0.08% 0.34% 0.15% 0.09%

-0.6%

-0.4%

-0.2%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

06/30/17 03/31/17 12/31/16 09/30/16 1 Year 3 Year 5 Year

0.31%0.36%

-0.36%

-0.02%

0.29%

0.90%

0.78%

0.17%0.26%

-0.43%

-0.11% -0.11%

0.69%0.63%

To

tal

Re

turn



Portfolio performance is gross of fees unless otherwise indicated. ** Fees were calculated based on average assets during the period at the contractual rate.

Account 85790101

47 of 92




Portfolio Earnings



Net Purchases/Sales

Change in Value

Interest Earned

$33,836,010.65

$5,560,096.84

($8,805.66)

$111,391.09

$102,585.43

$39,387,301.83

$33,955,320.80

$5,560,096.84

($3,897.86)

$111,391.09

$107,493.23

$39,511,519.78

Portfolio Earnings




48 of 92




Sector Allocation

As of June 30, 2017


U.S. Treasury 11,519,762 29.2%


Corporate 7,777,574 19.8%

Asset-Backed 4,826,136 12.3%

Supra-Sov / Supra-Natl Agency 2,699,204 6.9%

Municipal 790,153 2.0%

Federal Agency/CMO 596,177 1.5%

Total $39,387,302 100.0%

12.3%

Asset-Backed

19.8%

Corporate

1.5%

Federal

Agency/CMO

28.3%

Federal

Agency/GSE

2.0%Municipal

6.9%

Supra-Sov /

Supra-Natl

Agency

29.2%

U.S. Treasury



Account 85790101

49 of 92




Sector Allocation

As of June 30, 2017


100.0% 29.2% 11,519,762 U.S. Treasury


- 19.8% 7,777,574 Corporate

- 12.3% 4,826,136 Asset-Backed

- 6.9% 2,699,204 Supra-Sov / Supra-Natl Agency

- 2.0% 790,153 Municipal

- 1.5% 596,177 Federal Agency/CMO

$39,387,302 100.0% 100.0%Total

0%

20%

40%

60%

80%

100%

Asset-Backed Corporate Federal Agency/CMO Federal Agency/GSE Municipal Supra-Sov / Supra-NatlAgency

U.S. Treasury

12.3%

19.8%

1.5%

28.3%

2.0%6.9%

29.2%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

100.0%




Account 85790101

50 of 92




Sector Allocation



U.S. Treasury 11.5 29.2% 6.0 17.7% 6.6 19.5% 6.5 19.3%


Corporate 7.8 19.8% 8.4 25.0% 9.1 26.9% 9.1 26.8%

Asset-Backed 4.8 12.3% 4.3 12.9% 2.2 6.7% 1.9 5.6%

Supra-Sov / Supra-Natl Agency 2.7 6.9% 2.7 8.0% 2.0 5.8% 1.6 4.9%

Municipal 0.8 2.0% 0.8 2.3% 0.8 2.4% 0.8 2.4%

Federal Agency/CMO 0.6 1.5% 0.4 1.2% 0.4 1.2% 0.5 1.3%


$39.4 100.0% $33.8 100.0% $33.7 100.0% $33.8 100.0%Total

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%


Commercial Paper

Federal Agency/CMO

Municipal

Supra-Sov / Supra-Natl

Agency

Asset-Backed

Corporate

Federal Agency/GSE

U.S. Treasury



Account 85790101

51 of 92





As of June 30, 2017

>5

Years

4-5

Years

3-4

Years

2-3

Years

1-2

Years

0-1

YearsYield


Average

Maturity

TOHO WATER AUTHORITY OPERATING PORTFOLIO 1.52% 8.5% 39.8% 36.4% 10.6% 4.0% 0.8%2.13 yrs

BofA ML 1-3 Year U.S. Treasury Index 1.40% 3.1% 53.5% 43.4% 0.0% 0.0% 0.0%1.94 yrs

0%

10%

20%

30%

40%

50%

60%


8.5%

39.8%

36.4%

10.6%

4.0%

0.8%3.1%

53.5%

43.4%

0.0% 0.0% 0.0%



52 of 92




As of June 30, 2017




TOHO WATER AUTHORITY OPERATING PORTFOLIO 1.82 11.8% 46.9% 40.9% 0.4% 0.0% 0.0%

BofA ML 1-3 Year U.S. Treasury Index 1.82 3.1% 54.2% 42.7% 0.0% 0.0% 0.0%

0%

10%

20%

30%

40%

50%

60%


12%

47%

41%

0% 0% 0%3%

54%

43%

0% 0% 0%




0%

10%

20%

30%

40%

50%

60%


5%

41%

53%

1% 0% 0%2%

43%

55%

0% 0% 0%





53 of 92




Credit Quality

As of June 30, 2017


60.7%$23,900,941AA+

16.4%$6,439,628AAA

5.9%$2,308,592A

5.0%$1,970,467AA-

4.1%$1,623,449Not Rated

3.4%$1,323,061A+

1.9%$730,030AA

1.6%$621,337A-

1.2%$469,796BBB+

Totals 100.0%$39,387,302

5.9%

A

1.6%

A-

3.4%

A+

1.9%

AA

5.0%

AA-

60.7%

AA+

16.4%

AAA

1.2%

BBB+

4.1%

Not Rated



Account 85790101

54 of 92




Issuer Distribution

As of June 30, 2017


UNITED STATES TREASURY 11,519,762 29.3%


FANNIE MAE 3,124,963 7.9%

FREDDIE MAC 1,418,631 3.6%

AFRICAN DEVELOPMENT BANK 1,380,585 3.5%

THE BANK OF NEW YORK MELLON CORPORATION 800,420 2.0%

CISCO SYSTEMS INC 788,022 2.0%

ALLY AUTO RECEIVABLES TRUST 694,573 1.8%

CHEVRON CORPORATION 678,019 1.7%

CARMAX AUTO OWNER TRUST 636,944 1.6%

APPLE INC 606,707 1.5%

TOYOTA MOTOR CORP 504,426 1.3%

INTL BANK OF RECONSTRUCTION AND DEV 502,737 1.3%

INTER-AMERICAN DEVELOPMENT BANK 474,893 1.2%

GOLDMAN SACHS GROUP INC 469,796 1.2%

DEERE & COMPANY 460,917 1.2%

CITIBANK CREDIT CARD ISSUANCE 450,549 1.1%

TOYOTA AUTO RECEIVABLES 438,953 1.1%

To

p 5

= 6

2.7

%

To

p 1

0 =

71.8

%


55 of 92





NISSAN AUTO RECEIVABLES 438,826 1.1%

FORD CREDIT AUTO OWNER TRUST 409,412 1.0%

AMERICAN EXPRESS CREDIT ACCOUN 399,445 1.0%

CNH EQUIPMENT TRUST 395,135 1.0%

HYUNDAI AUTO RECEIVABLES 393,673 1.0%

AMERICAN HONDA FINANCE 378,290 1.0%

HONDA AUTO RECEIVABLES 368,956 0.9%

THE WALT DISNEY CORPORATION 350,067 0.9%

ASIAN DEVELOPMENT BANK 340,990 0.9%

REGIONAL TRANS AUTH, IL 338,698 0.9%

MICROSOFT CORP 337,698 0.9%

AMERICAN EXPRESS CO 320,406 0.8%

HSBC HOLDINGS PLC 319,836 0.8%

WELLS FARGO & COMPANY 301,563 0.8%

JP MORGAN CHASE & CO 300,931 0.8%

BURLINGTON NORTHERN SANTA FE 265,783 0.7%

FLORIDA ST HURRICAN CAT FUND 251,418 0.6%

INTEL CORPORATION 225,062 0.6%

STATE OF OREGON 200,038 0.5%

IBM CORP 199,700 0.5%

JOHN DEERE OWNER TRUST 199,670 0.5%


56 of 92





PEPSICO INC 169,943 0.4%

HOME DEPOT INC 160,073 0.4%

BERKSHIRE HATHAWAY INC 139,915 0.4%

39,387,302 100.0%Grand Total:


57 of 92





As of June 30, 2017


Asset-Backed

ALLY AUTO RECEIVABLES TRUST 1.8% 14.4% 694,573

AMERICAN EXPRESS CREDIT ACCOUN 1.0% 8.3% 399,445

CARMAX AUTO OWNER TRUST 1.6% 13.2% 636,944

CITIBANK CREDIT CARD ISSUANCE 1.1% 9.3% 450,549

CNH EQUIPMENT TRUST 1.0% 8.2% 395,135

FORD CREDIT AUTO OWNER TRUST 1.0% 8.5% 409,412

HONDA AUTO RECEIVABLES 0.9% 7.6% 368,956

HYUNDAI AUTO RECEIVABLES 1.0% 8.2% 393,673

JOHN DEERE OWNER TRUST 0.5% 4.1% 199,670

NISSAN AUTO RECEIVABLES 1.1% 9.1% 438,826

TOYOTA AUTO RECEIVABLES 1.1% 9.1% 438,953

100.0% 12.3% 4,826,136 Sector Total

Corporate

AMERICAN EXPRESS CO 0.8% 4.1% 320,406

AMERICAN HONDA FINANCE 1.0% 4.9% 378,290

APPLE INC 1.5% 7.8% 606,707

BERKSHIRE HATHAWAY INC 0.4% 1.8% 139,915

BURLINGTON NORTHERN SANTA FE 0.7% 3.4% 265,783

CHEVRON CORPORATION 1.7% 8.7% 678,019


58 of 92





CISCO SYSTEMS INC 2.0% 10.1% 788,022

DEERE & COMPANY 1.2% 5.9% 460,917

GOLDMAN SACHS GROUP INC 1.2% 6.0% 469,796

HOME DEPOT INC 0.4% 2.1% 160,073

HSBC HOLDINGS PLC 0.8% 4.1% 319,836

IBM CORP 0.5% 2.6% 199,700

INTEL CORPORATION 0.6% 2.9% 225,062

JP MORGAN CHASE & CO 0.8% 3.9% 300,931

MICROSOFT CORP 0.9% 4.3% 337,698

PEPSICO INC 0.4% 2.2% 169,943

THE BANK OF NEW YORK MELLON CORPORATION 2.0% 10.3% 800,420

THE WALT DISNEY CORPORATION 0.9% 4.5% 350,067

TOYOTA MOTOR CORP 1.3% 6.5% 504,426

WELLS FARGO & COMPANY 0.8% 3.9% 301,563

100.0% 19.7% 7,777,574 Sector Total

Federal Agency/CMO

FANNIE MAE 0.5% 31.4% 187,105

FREDDIE MAC 1.0% 68.6% 409,072

100.0% 1.5% 596,177 Sector Total

Federal Agency/GSE

FANNIE MAE 7.5% 26.3% 2,937,858


FREDDIE MAC 2.6% 9.0% 1,009,559


59 of 92





100.0% 28.4% 11,178,296 Sector Total

Municipal

FLORIDA ST HURRICAN CAT FUND 0.6% 31.8% 251,418

REGIONAL TRANS AUTH, IL 0.9% 42.9% 338,698

STATE OF OREGON 0.5% 25.3% 200,038

100.0% 2.0% 790,153 Sector Total

Supra-Sov / Supra-Natl Agency

AFRICAN DEVELOPMENT BANK 3.5% 51.1% 1,380,585

ASIAN DEVELOPMENT BANK 0.9% 12.6% 340,990

INTER-AMERICAN DEVELOPMENT BANK 1.2% 17.6% 474,893

INTL BANK OF RECONSTRUCTION AND DEV 1.3% 18.6% 502,737

100.0% 6.9% 2,699,204 Sector Total

U.S. Treasury

UNITED STATES TREASURY 29.2% 100.0% 11,519,762

100.0% 29.2% 11,519,762 Sector Total

100.0% 39,387,302 Portfolio Total 100.0%


60 of 92



Portfolio Activity


Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon

BUY

4/3/17 4/5/17 670,000 912828K58 US TREASURY NOTES 4/30/20 671,562.22 1.50%1.37%

4/4/17 4/11/17 150,000 17305EGB5 CCCIT 2017-A3 A3 4/7/22 149,956.79 1.93%1.92%

4/11/17 4/17/17 245,000 89236TDU6 TOYOTA MOTOR CREDIT CORP 4/17/20 244,887.30 1.97%1.95%

4/18/17 4/25/17 300,000 02582JHE3 AMXCA 2017-3 A 11/15/22 299,944.41 1.17%1.77%

4/27/17 5/2/17 170,000 713448DR6 PEPSICO INC 5/2/19 169,872.50 1.59%1.55%

5/8/17 5/11/17 225,000 458140AZ3 INTEL CORP NOTES 5/11/20 224,914.50 1.86%1.85%


5/16/17 5/24/17 150,000 02007EAE8 ALLYA 2017-3 A3 9/15/21 149,984.36 1.96%1.74%

5/22/17 5/30/17 100,000 02582JHG8 AMXCA 2017-4 A 12/15/21 99,983.98 1.65%1.64%

5/24/17 6/5/17 160,000 437076BQ4 HOME DEPOT INC CORP NOTES 6/5/20 159,907.20 1.82%1.80%

6/1/17 6/6/17 175,000 25468PDU7 WALT DISNEY COMPANY CORP NOTES 6/5/20 174,797.00 1.84%1.80%


6/19/17 6/22/17 100,000 24422ETS8 JOHN DEERE CAPITAL CORP NOTES 6/22/20 99,939.00 1.97%1.95%

6/23/17 6/28/17 401,614 3137AA4V2 FHLMC SERIES K013 A1 8/25/20 410,127.76 1.60%2.90%

6/26/17 6/28/17 2,000,000 912828XH8 US TREASURY NOTES 6/30/20 2,023,336.07 1.50%1.62%

6/26/17 6/28/17 2,000,000 912828WW6 US TREASURY NOTES 7/31/19 2,024,224.79 1.36%1.62%

6/29/17 6/30/17 1,500,000 912828XV7 US TREASURY N/B NOTES 6/30/19 1,496,425.78 1.37%1.25%

8,646,614 8,703,144.67Total BUY

INTEREST

4/1/17 4/1/17 960,000 3130A9AE1 FHLB GLOBAL NOTE 10/1/18 4,200.00 0.87%

4/1/17 4/1/17 340,000 7599112M1 REGIONAL TRANS AUTH, IL TXBL REV BONDS 5/4/18 2,125.00 1.25%

4/1/17 4/1/17 250,000 12189TBC7 BURLINGTON NRTH CORP 10/1/19 5,875.00 4.70%

4/1/17 4/1/17 200,000 68607VJ63 OR ST DEPT ADMIN LOTTERY TXBL REV BONDS 4/1/18 1,440.00 1.44%


61 of 92



Portfolio Activity

Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon

4/1/17 4/25/17 137,568 3137BNMZ4 FHLMC SERIES KP03 A1 3/1/19 199.24 1.73%


4/2/17 4/2/17 340,000 00828EBB4 AFRICAN DEVELOPMENT BANK NOTE 10/2/18 2,764.20 1.62%


4/9/17 4/9/17 210,000 3137EAEA3 FHLMC REFERENCE NOTE 4/9/18 787.50 0.75%

4/13/17 4/13/17 325,000 36962G7J7 GEN ELE CORP NOTES (CALLED OMD 05/15/17) 4/13/17 1,670.14 1.25%

4/15/17 4/15/17 160,000 02007LAC6 ALLY ABS 2016-3 A3 8/15/20 192.00 1.44%

4/15/17 4/15/17 100,000 34531PAD3 FORD ABS 2016-A A3 7/15/20 115.83 1.39%

4/15/17 4/15/17 190,000 654747AD6 NAROT 2017-A A3 8/15/21 156.12 1.74%

4/15/17 4/15/17 350,000 14312QAB2 CARMX 2016-4 A2 11/15/19 352.92 1.21%


4/15/17 4/15/17 320,000 14314JAB6 CARMX 2017-1 A2 2/15/20 410.67 1.54%


4/15/17 4/15/17 240,000 89237KAD5 TOYOTA ABS 2016-A A3 3/15/20 250.00 1.25%

4/15/17 4/15/17 60,000 24422ETM1 JOHN DEERE CAPITAL CORP 10/15/18 272.25 1.65%

4/15/17 4/15/17 115,000 02007PAC7 ALLYA 2017-1 A3 6/15/21 162.92 1.70%

4/15/17 4/15/17 100,000 65478WAD7 NISSAN ABS 2016-C A3 1/15/21 98.33 1.18%

4/15/17 4/15/17 150,000 12594DAD0 CNH ABS 2016-B A3 8/15/21 203.75 1.63%

4/15/17 4/15/17 75,000 12635YAD5 CNH ABS 2016-C A3 12/15/21 90.00 1.44%

4/15/17 4/15/17 100,000 89237WAD9 TOYOTA ABS 2016-C A3 8/15/20 95.00 1.14%

4/15/17 4/15/17 100,000 89238MAD0 TAOT 2017-A A3 2/15/21 144.17 1.73%


4/15/17 4/15/17 145,000 44931PAD8 HART 2017-A A3 8/15/21 113.42 1.76%

4/15/17 4/15/17 270,000 02007HAC5 ALLYA 2017-2 A3 8/15/21 213.60 1.78%

4/15/17 4/15/17 80,000 34532EAD7 FORD ABS 2016-B A3 10/15/20 88.67 1.33%


4/15/17 4/15/17 100,000 47787XAC1 JDOT 2017-A A3 4/15/21 212.61 1.78%

4/15/17 4/15/17 230,000 34531EAD8 FORDO 2017-A A3 6/15/21 320.08 1.67%

4/15/17 4/15/17 150,000 65478VAD9 NISSAN ABS 2016-B A3 1/15/21 165.00 1.32%

4/18/17 4/18/17 155,000 89236TDH5 TOYOTA MOTOR CORP NOTES 10/18/19 1,201.25 1.55%


62 of 92



Portfolio Activity

Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon

4/18/17 4/18/17 205,000 438124AC3 HAROT 2016-3 A3 ABS 6/18/19 198.17 1.16%

4/18/17 4/18/17 190,000 43814NAC9 HONDA ABS 2016-1 A3 12/18/19 193.17 1.22%

4/21/17 4/21/17 165,000 43814TAC6 HAROT 2017-1 A3 7/21/21 181.32 1.72%

4/22/17 4/22/17 300,000 94974BFU9 WELLS FARGO & COMPANY 4/22/19 3,187.50 2.12%

4/25/17 4/25/17 70,000 38141GVT8 GOLDMAN SACHS GRP INC CORP NT (CALLABLE) 4/25/19 700.00 2.00%


4/30/17 4/30/17 110,000 0258M0EC9 AMERICAN EXPRESS CREDIT CORP 10/30/19 935.00 1.70%


4/30/17 4/30/17 670,000 912828K58 US TREASURY NOTES 4/30/20 4,606.25 1.37%




5/13/17 5/13/17 320,000 40428HPL0 HSBC USA INC NOTES 11/13/17 2,413.33 1.50%

5/13/17 5/13/17 480,000 458182DX7 INTER-AMERICAN DEVELOPMENT BANK 5/13/19 2,400.00 1.00%


5/15/17 5/15/17 100,000 89238MAD0 TAOT 2017-A A3 2/15/21 144.17 1.73%

5/15/17 5/15/17 145,000 44931PAD8 HART 2017-A A3 8/15/21 212.67 1.76%

5/15/17 5/15/17 240,000 89237KAD5 TOYOTA ABS 2016-A A3 3/15/20 250.00 1.25%

5/15/17 5/15/17 75,000 12635YAD5 CNH ABS 2016-C A3 12/15/21 90.00 1.44%


5/15/17 5/15/17 350,000 14312QAB2 CARMX 2016-4 A2 11/15/19 352.92 1.21%

5/15/17 5/15/17 150,000 65478VAD9 NISSAN ABS 2016-B A3 1/15/21 165.00 1.32%

5/15/17 5/15/17 100,000 65478WAD7 NISSAN ABS 2016-C A3 1/15/21 98.33 1.18%

5/15/17 5/15/17 80,000 34532EAD7 FORD ABS 2016-B A3 10/15/20 88.67 1.33%

5/15/17 5/15/17 115,000 02007PAC7 ALLYA 2017-1 A3 6/15/21 162.92 1.70%

5/15/17 5/15/17 300,000 02582JHE3 AMXCA 2017-3 A 11/15/22 295.00 1.77%

5/15/17 5/15/17 100,000 34531PAD3 FORD ABS 2016-A A3 7/15/20 115.83 1.39%


5/15/17 5/15/17 100,000 47787XAC1 JDOT 2017-A A3 4/15/21 148.33 1.78%

5/15/17 5/15/17 320,000 14314JAB6 CARMX 2017-1 A2 2/15/20 410.67 1.54%


63 of 92



Portfolio Activity

Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon

5/15/17 5/15/17 230,000 34531EAD8 FORDO 2017-A A3 6/15/21 320.08 1.67%

5/15/17 5/15/17 190,000 654747AD6 NAROT 2017-A A3 8/15/21 275.50 1.74%

5/15/17 5/15/17 340,000 00828EBN8 AFRICAN DEVELOPMENT BANK NOTE 5/15/19 1,700.00 1.00%

5/15/17 5/15/17 270,000 02007HAC5 ALLYA 2017-2 A3 8/15/21 400.50 1.78%

5/15/17 5/15/17 160,000 02007LAC6 ALLY ABS 2016-3 A3 8/15/20 192.00 1.44%


5/15/17 5/15/17 100,000 89237WAD9 TOYOTA ABS 2016-C A3 8/15/20 95.00 1.14%

5/15/17 5/15/17 150,000 12594DAD0 CNH ABS 2016-B A3 8/15/21 203.75 1.63%

5/16/17 5/16/17 680,000 166764BH2 CHEVRON CORP NOTES 5/16/19 5,307.40 1.56%

5/18/17 5/18/17 205,000 438124AC3 HAROT 2016-3 A3 ABS 6/18/19 198.17 1.16%

5/21/17 5/21/17 165,000 43814TAC6 HAROT 2017-1 A3 7/21/21 236.50 1.72%

5/22/17 5/22/17 800,000 06406HDB2 BANK OF NEW YORK MELLON CORP (CALLABLE) 5/22/18 6,400.00 1.60%

5/31/17 5/31/17 1,925,000 912828G61 US TREASURY NOTES 11/30/19 14,437.50 1.50%



6/5/17 6/5/17 315,000 0258M0DM8 AMERICAN EXPRESS CREDIT CORP NOTES 6/5/17 1,771.88 1.12%

6/15/17 6/15/17 100,000 47787XAC1 JDOT 2017-A A3 4/15/21 148.33 1.78%

6/15/17 6/15/17 100,000 89238MAD0 TAOT 2017-A A3 2/15/21 144.17 1.73%

6/15/17 6/15/17 344,816 14312QAB2 CARMX 2016-4 A2 11/15/19 347.69 1.21%

6/15/17 6/15/17 150,000 02007EAE8 ALLYA 2017-3 A3 9/15/21 152.25 1.74%

6/15/17 6/15/17 240,000 89237KAD5 TOYOTA ABS 2016-A A3 3/15/20 250.00 1.25%

6/15/17 6/15/17 100,000 89237WAD9 TOYOTA ABS 2016-C A3 8/15/20 95.00 1.14%


6/15/17 6/15/17 75,000 12635YAD5 CNH ABS 2016-C A3 12/15/21 90.00 1.44%

6/15/17 6/15/17 390,000 17275RAU6 CISCO SYSTEMS INC CORP NOTE 6/15/18 3,217.50 1.65%

6/15/17 6/15/17 160,000 02007LAC6 ALLY ABS 2016-3 A3 8/15/20 192.00 1.44%

6/15/17 6/15/17 190,000 654747AD6 NAROT 2017-A A3 8/15/21 275.50 1.74%



6/15/17 6/15/17 230,000 34531EAD8 FORDO 2017-A A3 6/15/21 320.08 1.67%


64 of 92



Portfolio Activity

Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon

6/15/17 6/15/17 115,000 02007PAC7 ALLYA 2017-1 A3 6/15/21 162.92 1.70%

6/15/17 6/15/17 150,000 65478VAD9 NISSAN ABS 2016-B A3 1/15/21 165.00 1.32%

6/15/17 6/15/17 100,000 65478WAD7 NISSAN ABS 2016-C A3 1/15/21 98.33 1.18%

6/15/17 6/15/17 150,000 12594DAD0 CNH ABS 2016-B A3 8/15/21 203.75 1.63%

6/15/17 6/15/17 300,000 02582JHE3 AMXCA 2017-3 A 11/15/22 442.50 1.77%

6/15/17 6/15/17 100,000 02582JHG8 AMXCA 2017-4 A 12/15/21 68.33 1.64%

6/15/17 6/15/17 100,000 34531PAD3 FORD ABS 2016-A A3 7/15/20 115.83 1.39%

6/15/17 6/15/17 80,000 34532EAD7 FORD ABS 2016-B A3 10/15/20 88.67 1.33%


6/15/17 6/15/17 320,000 14314JAB6 CARMX 2017-1 A2 2/15/20 410.67 1.54%

6/15/17 6/15/17 145,000 44931PAD8 HART 2017-A A3 8/15/21 212.67 1.76%

6/15/17 6/15/17 270,000 02007HAC5 ALLYA 2017-2 A3 8/15/21 400.50 1.78%

6/18/17 6/18/17 205,000 438124AC3 HAROT 2016-3 A3 ABS 6/18/19 198.17 1.16%


6/21/17 6/21/17 165,000 43814TAC6 HAROT 2017-1 A3 7/21/21 236.50 1.72%

6/21/17 6/21/17 870,000 3130A8DB6 FHLB GLOBAL NOTE 6/21/19 4,893.75 1.12%

6/29/17 6/29/17 880,000 3130A8BD4 FEDERAL HOME LOAN BANKS AGCY 6/29/18 3,850.00 0.87%

6/30/17 6/30/17 1,190,000 912828A75 US TREASURY NOTES 12/31/18 8,925.00 1.50%

6/30/17 6/30/17 2,000,000 912828XH8 US TREASURY NOTES 6/30/20 16,250.00 1.62%

29,923,919 133,143.30Total INTEREST

MATURITY

4/13/17 4/13/17 325,000 36962G7J7 GEN ELE CORP NOTES (CALLED OMD 05/15/17) 4/13/17 325,000.00 0.00 1.25%

6/5/17 6/5/17 315,000 0258M0DM8 AMERICAN EXPRESS CREDIT CORP NOTES 6/5/17 315,000.00 0.00 1.12%

640,000 640,000.00 0.00Total MATURITY


65 of 92



Portfolio Activity

Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon

PAYDOWNS

4/1/17 4/25/17 137,568 3137BNMZ4 FHLMC SERIES KP03 A1 3/1/19 137,567.69 0.00 1.73%


5/15/17 5/15/17 5,184 14312QAB2 CARMX 2016-4 A2 11/15/19 5,183.67 0.00 1.21%


6/15/17 6/15/17 27,336 14312QAB2 CARMX 2016-4 A2 11/15/19 27,336.45 0.00 1.21%

243,183 243,183.48 0.00Total PAYDOWNS

SELL

4/3/17 4/5/17 415,000 097023BF1 BOEING COMPANY (FLOATING) NOTE 10/30/17 416,158.54 1.05% 286.35 1.29%

4/3/17 4/5/17 40,000 912828UU2 US TREASURY NOTES 3/31/18 39,882.22 1.06% (4.84)0.75%



4/11/17 4/17/17 245,000 89236TCP8 TOYOTA MOTOR CREDIT CORP 7/13/18 246,055.27 1.53% 150.86 1.55%

4/20/17 4/25/17 190,000 43814NAC9 HONDA ABS 2016-1 A3 12/18/19 189,510.70 1.37% (516.90)1.22%

5/9/17 5/11/17 350,000 14912L6D8 CATERPILLAR FINANCIAL SE 8/18/17 350,977.18 1.28% (15.50)1.25%




6/14/17 6/16/17 400,000 459200HZ7 IBM CORP NOTES 2/6/18 401,165.00 1.31% (196.54)1.12%

2,225,000 2,229,126.01 -811.15Total SELL


66 of 92



Portfolio Activity



Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon

4/1/17 4/1/17 960,000.00 3130A9AE1 FHLB GLOBAL NOTEINTEREST 10/1/18 4,200.00 0.87%

4/1/17 4/1/17 340,000.00 7599112M1 REGIONAL TRANS AUTH, IL TXBL REV BONDSINTEREST 5/4/18 2,125.00 1.25%

4/1/17 4/1/17 250,000.00 12189TBC7 BURLINGTON NRTH CORPINTEREST 10/1/19 5,875.00 4.70%

4/1/17 4/1/17 200,000.00 68607VJ63 OR ST DEPT ADMIN LOTTERY TXBL REV BONDSINTEREST 4/1/18 1,440.00 1.44%

4/1/17 4/25/17 137,567.69 3137BNMZ4 FHLMC SERIES KP03 A1INTEREST 3/1/19 199.24 1.73%


4/1/17 4/25/17 137,567.69 3137BNMZ4 FHLMC SERIES KP03 A1PAYDOWNS 3/1/19 137,567.69 0.00 1.73%

4/2/17 4/2/17 340,000.00 00828EBB4 AFRICAN DEVELOPMENT BANK NOTEINTEREST 10/2/18 2,764.20 1.62%


4/3/17 4/5/17 670,000.00 912828K58 US TREASURY NOTESBUY 4/30/20 (671,562.22) 1.50%1.37%

4/3/17 4/5/17 415,000.00 097023BF1 BOEING COMPANY (FLOATING) NOTESELL 10/30/17 416,158.54 1.05% 286.35 1.29%

4/3/17 4/5/17 40,000.00 912828UU2 US TREASURY NOTESSELL 3/31/18 39,882.22 1.06% (4.84)0.75%


4/4/17 4/11/17 150,000.00 17305EGB5 CCCIT 2017-A3 A3BUY 4/7/22 (149,956.79) 1.93%1.92%


4/9/17 4/9/17 210,000.00 3137EAEA3 FHLMC REFERENCE NOTEINTEREST 4/9/18 787.50 0.75%

4/11/17 4/17/17 245,000.00 89236TDU6 TOYOTA MOTOR CREDIT CORPBUY 4/17/20 (244,887.30) 1.97%1.95%

4/11/17 4/17/17 245,000.00 89236TCP8 TOYOTA MOTOR CREDIT CORPSELL 7/13/18 246,055.27 1.53% 150.86 1.55%

4/13/17 4/13/17 325,000.00 36962G7J7 GEN ELE CORP NOTES (CALLED OMD 05/15/17)INTEREST 4/13/17 1,670.14 1.25%

4/13/17 4/13/17 325,000.00 36962G7J7 GEN ELE CORP NOTES (CALLED OMD 05/15/17)MATURITY 4/13/17 325,000.00 0.00 1.25%


67 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon









4/15/17 4/15/17 60,000.00 24422ETM1 JOHN DEERE CAPITAL CORPINTEREST 10/15/18 272.25 1.65%















68 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon


4/18/17 4/18/17 155,000.00 89236TDH5 TOYOTA MOTOR CORP NOTESINTEREST 10/18/19 1,201.25 1.55%


4/18/17 4/18/17 190,000.00 43814NAC9 HONDA ABS 2016-1 A3INTEREST 12/18/19 193.17 1.22%

4/18/17 4/25/17 300,000.00 02582JHE3 AMXCA 2017-3 ABUY 11/15/22 (299,944.41) 1.17%1.77%

4/20/17 4/25/17 190,000.00 43814NAC9 HONDA ABS 2016-1 A3SELL 12/18/19 189,510.70 1.37% (516.90)1.22%


4/22/17 4/22/17 300,000.00 94974BFU9 WELLS FARGO & COMPANYINTEREST 4/22/19 3,187.50 2.12%

4/25/17 4/25/17 70,000.00 38141GVT8 GOLDMAN SACHS GRP INC CORP NT (CALLABLE)INTEREST 4/25/19 700.00 2.00%


4/27/17 5/2/17 170,000.00 713448DR6 PEPSICO INCBUY 5/2/19 (169,872.50) 1.59%1.55%

4/30/17 4/30/17 110,000.00 0258M0EC9 AMERICAN EXPRESS CREDIT CORPINTEREST 10/30/19 935.00 1.70%


4/30/17 4/30/17 670,000.00 912828K58 US TREASURY NOTESINTEREST 4/30/20 4,606.25 1.37%





5/8/17 5/11/17 225,000.00 458140AZ3 INTEL CORP NOTESBUY 5/11/20 (224,914.50) 1.86%1.85%

5/9/17 5/11/17 350,000.00 14912L6D8 CATERPILLAR FINANCIAL SESELL 8/18/17 350,977.18 1.28% (15.50)1.25%


5/13/17 5/13/17 320,000.00 40428HPL0 HSBC USA INC NOTESINTEREST 11/13/17 2,413.33 1.50%


69 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon

5/13/17 5/13/17 480,000.00 458182DX7 INTER-AMERICAN DEVELOPMENT BANKINTEREST 5/13/19 2,400.00 1.00%



















5/15/17 5/15/17 340,000.00 00828EBN8 AFRICAN DEVELOPMENT BANK NOTEINTEREST 5/15/19 1,700.00 1.00%




70 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon





5/16/17 5/16/17 680,000.00 166764BH2 CHEVRON CORP NOTESINTEREST 5/16/19 5,307.40 1.56%

5/16/17 5/24/17 150,000.00 02007EAE8 ALLYA 2017-3 A3BUY 9/15/21 (149,984.36) 1.96%1.74%




5/22/17 5/22/17 800,000.00 06406HDB2 BANK OF NEW YORK MELLON CORP (CALLABLE)INTEREST 5/22/18 6,400.00 1.60%

5/22/17 5/30/17 100,000.00 02582JHG8 AMXCA 2017-4 ABUY 12/15/21 (99,983.98) 1.65%1.64%


5/24/17 6/5/17 160,000.00 437076BQ4 HOME DEPOT INC CORP NOTESBUY 6/5/20 (159,907.20) 1.82%1.80%

5/31/17 5/31/17 1,925,000.00 912828G61 US TREASURY NOTESINTEREST 11/30/19 14,437.50 1.50%



6/1/17 6/6/17 175,000.00 25468PDU7 WALT DISNEY COMPANY CORP NOTESBUY 6/5/20 (174,797.00) 1.84%1.80%



6/5/17 6/5/17 315,000.00 0258M0DM8 AMERICAN EXPRESS CREDIT CORP NOTESINTEREST 6/5/17 1,771.88 1.12%

6/5/17 6/5/17 315,000.00 0258M0DM8 AMERICAN EXPRESS CREDIT CORP NOTESMATURITY 6/5/17 315,000.00 0.00 1.12%

6/14/17 6/16/17 400,000.00 459200HZ7 IBM CORP NOTESSELL 2/6/18 401,165.00 1.31% (196.54)1.12%


71 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon




6/15/17 6/15/17 150,000.00 02007EAE8 ALLYA 2017-3 A3INTEREST 9/15/21 152.25 1.74%





6/15/17 6/15/17 390,000.00 17275RAU6 CISCO SYSTEMS INC CORP NOTEINTEREST 6/15/18 3,217.50 1.65%











6/15/17 6/15/17 100,000.00 02582JHG8 AMXCA 2017-4 AINTEREST 12/15/21 68.33 1.64%




72 of 92



Portfolio Activity


Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon








6/19/17 6/22/17 100,000.00 24422ETS8 JOHN DEERE CAPITAL CORP NOTESBUY 6/22/20 (99,939.00) 1.97%1.95%



6/21/17 6/21/17 870,000.00 3130A8DB6 FHLB GLOBAL NOTEINTEREST 6/21/19 4,893.75 1.12%

6/23/17 6/28/17 401,613.58 3137AA4V2 FHLMC SERIES K013 A1BUY 8/25/20 (410,127.76) 1.60%2.90%

6/26/17 6/28/17 2,000,000.00 912828XH8 US TREASURY NOTESBUY 6/30/20 (2,023,336.07) 1.50%1.62%

6/26/17 6/28/17 2,000,000.00 912828WW6 US TREASURY NOTESBUY 7/31/19 (2,024,224.79) 1.36%1.62%

6/29/17 6/29/17 880,000.00 3130A8BD4 FEDERAL HOME LOAN BANKS AGCYINTEREST 6/29/18 3,850.00 0.87%

6/29/17 6/30/17 1,500,000.00 912828XV7 US TREASURY N/B NOTESBUY 6/30/19 (1,496,425.78) 1.37%1.25%

6/30/17 6/30/17 1,190,000.00 912828A75 US TREASURY NOTESINTEREST 12/31/18 8,925.00 1.50%

6/30/17 6/30/17 2,000,000.00 912828XH8 US TREASURY NOTESINTEREST 6/30/20 16,250.00 1.62%

TOTALS (5,457,691.88) (811.15)


73 of 92

TOHO UTILITY SYS BONDS - 2016 PROJ FUND


Portfolio Snapshot


As of June 30, 2017

$13,145,000

$23,529,618

$13,150,346

$47,504

$10,331,768

Accrued Interest:

Cash:

Par Value:

Total Market Value:


$13,202,071

1.39%

0.89%


Yield at Cost:

Amortized Cost:

Yield at Market:





9.5%

A

9.5%

A-

9.5%

AA

9.8%

AA-

61.7%

AA+

0%

20%

40%

60%

80%

100%


87.8%

12.2%

0.0% 0.0% 0.0% 0.0%


Sector Allocation

47.8%

Corporate

52.2%

Federal

Agency/GSE



Account 85790102

74 of 92




Portfolio Earnings



Net Purchases/Sales

Change in Value

Interest Earned

$23,158,343.07

($10,000,000.00)

($7,996.92)

$54,025.71

$46,028.79

$13,150,346.15

$23,210,471.64

($10,000,000.00)

($8,400.88)

$54,025.71

$45,624.83

$13,202,070.76

Portfolio Earnings




75 of 92




Sector Allocation

As of June 30, 2017



Corporate 6,282,165 47.8%

Total $13,150,346 100.0%

47.8%

Corporate

52.2%

Federal

Agency/GSE



Account 85790102

76 of 92




Sector Allocation

As of June 30, 2017



- 47.8% 6,282,165 Corporate

$13,150,346 100.0% 0.0%Total

0%

10%

20%

30%

40%

50%

60%

Corporate Federal Agency/GSE

47.8%

52.2%

0.0% 0.0%

TOHO UTILITY SYS BONDS - 2016 PROJ FUND No Benchmark



Account 85790102

77 of 92




Sector Allocation




Corporate 6.3 47.8% 6.3 27.2% 8.5 27.7% 8.5 27.8%


$13.2 100.0% $23.2 100.0% $30.5 100.0% $30.6 100.0%Total

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%


Commercial Paper

Corporate

Federal Agency/GSE



Account 85790102

78 of 92





As of June 30, 2017

>5

Years

4-5

Years

3-4

Years

2-3

Years

1-2

Years

0-1

YearsYield


Average

Maturity

TOHO UTILITY SYS BONDS - 2016 PROJ FUND 1.39% 87.8% 12.2% 0.0% 0.0% 0.0% 0.0%0.78 yrs

No Benchmark

0%

20%

40%

60%

80%

100%


87.8%

12.2%

0.0% 0.0% 0.0% 0.0%

TOHO UTILITY SYS BONDS - 2016 PROJ FUND No Benchmark


79 of 92




As of June 30, 2017




TOHO UTILITY SYS BONDS - 2016 PROJ FUND 0.77 87.8% 12.2% 0.0% 0.0% 0.0% 0.0%

0%

20%

40%

60%

80%

100%


88%

12%

0% 0% 0% 0%


0%

20%

40%

60%

80%

100%


83%

17%

0% 0% 0% 0%



80 of 92




Credit Quality

As of June 30, 2017


61.7%$8,113,650AA+

9.8%$1,289,683AA-

9.5%$1,249,753A-

9.5%$1,249,599A

9.5%$1,247,663AA

Totals 100.0%$13,150,346

9.5%

A

9.5%

A-

9.5%

AA

9.8%

AA-

61.7%

AA+



Account 85790102

81 of 92




Issuer Distribution

As of June 30, 2017



FREDDIE MAC 2,813,460 21.4%

ORACLE CORP 1,289,683 9.8%

JP MORGAN CHASE & CO 1,249,753 9.5%

WELLS FARGO & COMPANY 1,249,599 9.5%

PFIZER INC 1,247,663 9.5%

APPLE INC 1,245,469 9.5%

13,150,346 100.0%Grand Total:


82 of 92





As of June 30, 2017


Corporate

APPLE INC 9.5% 19.8% 1,245,469

JP MORGAN CHASE & CO 9.5% 19.9% 1,249,753

ORACLE CORP 9.8% 20.5% 1,289,683

PFIZER INC 9.5% 19.9% 1,247,663

WELLS FARGO & COMPANY 9.5% 19.9% 1,249,599

100.0% 47.8% 6,282,165 Sector Total

Federal Agency/GSE


FREDDIE MAC 21.4% 41.0% 2,813,460

100.0% 52.2% 6,868,181 Sector Total

100.0% 13,150,346 Portfolio Total 100.0%


83 of 92



Portfolio Activity


Trade

Date

Settle

Date

Maturity


Transact

Amt ($)

Yield

at Market

Realized

G/L (BV)Coupon

INTEREST

4/3/17 4/3/17 0 MONEY0002 MONEY MARKET FUND 1,699.97

4/15/17 4/15/17 1,250,000 68389XAC9 ORACLE CORP NOTES 4/15/18 35,937.50 5.75%


5/3/17 5/3/17 1,250,000 037833AJ9 APPLE INC GLOBAL NOTES 5/3/18 6,250.00 1.00%

5/15/17 5/15/17 1,250,000 46625HJL5 JPMORGAN CHASE & CO GLOBAL NOTES 5/15/18 10,156.25 1.62%


6/1/17 6/1/17 1,250,000 717081DW0 PFIZER INC CORP NOTES 6/1/18 7,500.00 1.20%

6/29/17 6/29/17 900,000 3130A8BD4 FEDERAL HOME LOAN BANKS AGCY 6/29/18 3,937.50 0.87%

5,900,000 70,008.52Total INTEREST

MATURITY

4/28/17 4/28/17 2,500,000 89233GRU2 TOYOTA MOTOR CREDIT CORP COMM PAPER 4/28/17 2,500,000.00 0.00 0.00%

5/1/17 5/1/17 2,500,000 06366GS18 BANK OF MONTREAL CHICAGO COMM PAPER 5/1/17 2,500,000.00 0.00 0.00%

5/2/17 5/2/17 2,500,000 21687AS20 COOPERATIEVE RABOBANK U.A. COMM PAPER 5/2/17 2,500,000.00 0.00 0.00%

5/2/17 5/2/17 2,500,000 09659BS27 BNP PARIBAS NY BRANCH COMM PAPER 5/2/17 2,500,000.00 0.00 0.00%

10,000,000 10,000,000.00 0.00Total MATURITY


84 of 92



Portfolio Activity



Date

Trade

Date

Tran.

Type

Maturity

Date Transact

Amt ($)Yield

Realized

G/L (BV)Coupon

4/3/17 4/3/17 0.00 MONEY0002 MONEY MARKET FUNDINTEREST 1,699.97

4/15/17 4/15/17 1,250,000.00 68389XAC9 ORACLE CORP NOTESINTEREST 4/15/18 35,937.50 5.75%

4/28/17 4/28/17 2,500,000.00 89233GRU2 TOYOTA MOTOR CREDIT CORP COMM PAPERMATURITY 4/28/17 2,500,000.00 0.00 0.00%


5/1/17 5/1/17 2,500,000.00 06366GS18 BANK OF MONTREAL CHICAGO COMM PAPERMATURITY 5/1/17 2,500,000.00 0.00 0.00%

5/2/17 5/2/17 2,500,000.00 21687AS20 COOPERATIEVE RABOBANK U.A. COMM PAPERMATURITY 5/2/17 2,500,000.00 0.00 0.00%

5/2/17 5/2/17 2,500,000.00 09659BS27 BNP PARIBAS NY BRANCH COMM PAPERMATURITY 5/2/17 2,500,000.00 0.00 0.00%

5/3/17 5/3/17 1,250,000.00 037833AJ9 APPLE INC GLOBAL NOTESINTEREST 5/3/18 6,250.00 1.00%

5/15/17 5/15/17 1,250,000.00 46625HJL5 JPMORGAN CHASE & CO GLOBAL NOTESINTEREST 5/15/18 10,156.25 1.62%


6/1/17 6/1/17 1,250,000.00 717081DW0 PFIZER INC CORP NOTESINTEREST 6/1/18 7,500.00 1.20%

6/29/17 6/29/17 900,000.00 3130A8BD4 FEDERAL HOME LOAN BANKS AGCYINTEREST 6/29/18 3,937.50 0.87%

TOTALS 10,070,008.52 0.00


85 of 92

Tab III


For the Quarter Ended June 30, 2017*

TOHOPEKALIGA WATER AUTHORITY Asset Allocation

Security Type1Amortized Cost

(Includes Interest)Allocation

Percentage NotesPermitted by Policy

In Compliance

Florida Prime (SBA) - 0.00% 25% YESU.S. Treasury, GNMA, and Other U.S. Gov't 32,664,897.29 24.54% 100% YESFederal Agency 32,107,244.67 24.12% 75% YESSupranationals 7,601,730.42 5.71% 25% YESCorporate Notes 22,730,695.16 17.08% 2 35% YESMunicipals 2,282,796.07 1.72% 25% YESAgency Mortgage-Backed Securities (MBS) 1,706,629.24 1.28% 25% YESAsset-Backed Securities 13,161,722.90 9.89% 25% YESNon-Negotiable Interest Bearing Time CDs - 0.00% 10% YESCommercial Paper - 0.00% 2 35% YESBankers’ Acceptances - 0.00% 2 10% YESRepurchase Agreements - 0.00% 25% YESMoney Market Funds 4,507,038.51 3.39% 50% YESIntergovernmental Pools 16,329,867.50 12.27% 25% YESNotes:1. End of month trade-date amortized cost of portfolio holdings, including accrued interest. 2. The maximum allocation to all corporate and bank credit instruments is 50% combined. The combined total as of June 30, 2017 is 17.08%.*Does not include bond proceeds


U.S. Treasury, GNMA, and Other U.S. Gov't

24.54%

Federal Agency 24.12%

Supranationals5.71%

Corporate Notes17.08%

Municipals1.72%

Agency Mortgage‐Backed Securities

(MBS)1.28%

Asset‐Backed Securities9.89%

Money Market Funds 3.39%

Intergovernmental Pools 12.27%

87 of 92



Individual Issuer BreakdownAmortized Cost



In Compliance

Government National Mortgage Association (GNMA) - 0.00% 40% YESFederal Farm Credit Bank (FFCB) - 0.00% 40% YESFederal Home Loan Bank (FHLB) 20,316,729.97 15.27% 40% YESFederal National Mortgage Association (FNMA) 9,315,141.34 7.00% 40% YESFederal Home Loan Mortgage Corporation (FHLMC) 4,182,002.60 3.14% 40% YESFlorida State Hurricane Cat Fund Municipal Bonds 729,186.18 0.55% 5% YESRegional Transportation Authority Municipal Bonds 951,449.89 0.71% 5% YESState of Oregon Municipal Bonds 602,160.00 0.45% 5% YESAmerican Express Company Corporate Notes 1,315,358.34 0.99% 5% YESAmerican Honda Finance Corporate Notes 1,808,850.75 1.36% 5% YESApple, Inc. Corporate Notes 1,697,810.97 1.28% 5% YESBank of New York Company Inc. Corporate Notes 2,203,752.35 1.66% 5% YESBerkshire Hathaway, Inc. Corporate Notes 401,769.12 0.30% 5% YESBurlington Northern Corporate Notes 768,818.87 0.58% 5% YESChevron Corporation Corporate Notes 1,903,707.38 1.43% 5% YESCisco Systems, Inc. Corporate Notes 2,164,179.61 1.63% 5% YESDeere & Company Corporate Notes 1,250,388.01 0.94% 5% YESGoldman Sachs Group, Inc. Corporate Notes 1,193,647.44 0.90% 5% YESHome Depot Capital Corporate Notes 445,326.47 0.33% 5% YESHSBC Holdings plc Corporate Notes 881,740.28 0.66% 5% YESIBM Corporation Corporate Notes 652,544.98 0.49% 5% YESIntel Corporate Notes 726,599.82 0.55% 5% YESJP Morgan Chase & Company Corporate Notes 740,748.41 0.56% 5% YESMicrosoft Corporation Corporate Notes 934,388.70 0.70% 5% YESPepsi Inc. Corporate Notes 475,879.22 0.36% 5% YESThe Walt Disney Corporation Corporate Notes 958,307.10 0.72% 5% YESToyota Motor Corporation Corporate Notes 1,301,035.09 0.98% 5% YESWells Fargo & Company Corporate Notes 905,842.25 0.68% 5% YESAlly Auto Receivables Trust ABS 1,676,087.39 1.26% 5% YESAmerican Express Credit Card ABS 1,135,678.09 0.85% 5% YES*Does not include bond proceeds


88 of 92



Individual Issuer BreakdownAmortized Cost



In Compliance

Carmax Auto Owner Trust ABS 1,757,771.25 1.32% 5% YESCiti Bank Credit Card ABS 1,293,051.14 0.97% 5% YESCNH Equipment Trust ABS 1,050,717.08 0.79% 5% YESFord Credit Auto Owner Trust ABS 1,150,762.91 0.86% 5% YESHonda Auto Receivables ABS 1,030,380.45 0.77% 5% YESHyundai Auto Receivables ABS 1,090,626.68 0.82% 5% YESJohn Deere ABS 505,288.27 0.38% 5% YESNissan Auto Receivables ABS 1,240,689.08 0.93% 5% YESToyota Auto Receivables ABS 1,230,670.56 0.92% 5% YESInternational Bank of Recon and Development Notes 1,424,486.79 1.07% 5% YESInter-American Bank Note 1,329,342.59 1.00% 5% YESAfrican Development Bank Note 3,885,524.74 2.92% 5% YESAsian Development Bank Note 962,376.30 0.72% 5% YESMoney Market Fund - Sweep Account 4,507,038.51 3.39% 25% YESFlorida Education Investment Trust Fund 16,329,867.50 12.27% 25% YES

*Does not include bond proceeds




Portfolio Activity

IMPORTANT DISCLOSURES

This material is based on information obtained from sources generally believed to be reliable and available to the public; however, PFM Asset Management LLC cannot guarantee its

accuracy, completeness or suitability. This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation. All statements as

to what will or may happen under certain circumstances are based on assumptions, some, but not all of which, are noted in the presentation. Assumptions may or may not be proven

correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Past performance does

not necessarily reflect and is not a guaranty of future results.The information contained in this presentation is not an offer to purchase or sell any securities.

Dime

Ã Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Interactive Data, Bloomberg, or Telerate.

Where prices are not available from generally recognized sources, the securities are priced using a yield based matrix system to arrive at an estimated market value.

Ã In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and

forward settling sales are excluded.

Ã Performance is presented in accordance with the CFA Institute ’s Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is shown gross of fees.

Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis.Past performance is not indicative of

future returns.

Ã Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets.

Ã Money market fund/cash balances are included in performance and duration computations.

Ã Standard & Poorʼs is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.

Ã Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.

Ã MBS maturities are represented by expected average life.


90 of 92



Appendix

GLOSSARY

Ã ACCRUED INTEREST: Interest that is due on a bond or other fixed income security since the last interest payment was made.

Ã AGENCIES: Federal agency securities and/or Government-sponsored enterprises.

Ã 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.

Ã 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.

Ã COMMERCIAL PAPER: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.

Ã 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.

Ã 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.

Ã EFFECTIVE DURATION: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.

Ã 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.

Ã FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.

Ã INTEREST RATE: Interest per year divided by principal amount and expressed as a percentage.

Ã MARKET VALUE: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.

Ã MATURITY: The date upon which the principal or stated value of an investment becomes due and payable.

Ã NEGOTIABLE CERTIFICATES OF DEPOSIT: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.

Ã PAR VALUE: The nominal dollar face amount of a security.


91 of 92



Appendix

GLOSSARY

Ã 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.

Ã 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.

Ã 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.

Ã TRADE DATE: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.

Ã UNSETTLED TRADE: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place.

Ã U.S. TREASURY: The department of the U.S. government that issues Treasury securities.

Ã 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.

Ã 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.

Ã 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.


92 of 92


Category: Staff Reports Agenda Item: 11A

Department: Field Services Attachments: Field Services 3Q2017 KPI Presentation Title: FIELD SERVICES KEY PERFORMANCE INDICATORS (KPI) REPORTS FOR THE THIRD FISCAL QUARTER 2017 Summary: The Director of Field Services will present the 3rd Fiscal Quarter of 2017 Key Performance Indicator results for their respective divisions.

Total Costs: Click here to enter text.

Recommended Action: Click here to enter text.

Initials: GLB

Level of ServicesQuarterly Presentation

3FQ17Field Services

2

Table of Contents

Performance Measures Details Page Number

Infrastructure Reliability 3

Organizational Responsiveness 4

KPI: Repair out-of-service fire hydrants within 14 days of notification 5

KPI: Restoration of Service – Restore potable service lines (4 hours) 6

KPI: Restoration of Service – Restore distribution lines (8 hours) 7

KPI: Restoration of Service – Restore sewer service within 8 hours 8

KPI: Average time to respond for water breaks and leaks to be less than 8 hours 9

KPI: Restoration of Service – Restore reclaim service within 8 hours 10

KPI: Average time to respond for reclaim breaks and leaks to be less than 24 hours 11

KPI: Average time to respond to wastewater backups to be less than 2 hours 12

3

Infrastructure Reliability - 2FQ17 Quarterly Report

WORST BEST79%Level of Service: Provide reliable service to TWA Customers.

Target met/exceeded - GOODTarget not met -

IMPROVEMENT REQ'D

Low bound not met -

IMPROVEMENT REQ'D

KPIs KPI Target Field Services

Potable Water # of LDPEs > 30 psi and < 40psi

# of LDPEs < 30 psi

Distribution Pressure Low Distribution Pressure Events (LDPE)

>= 40 psi 100% of the time

158 3

Potable WaterActual

Performance# of Work Orders

addressed

Repair out-of-service fire hydrants 14 days 8.38 days 8

Restore service: service lines 4 hours 0.64 hrs 262

Restore service: distribution lines 8 hours 2.4 hrs 5

Reclaimed WaterActual


addressed

Restore service: service lines 8 hours0.64 hrs 11

Restore service: distribution lines 8 hours

Waste WaterActual


addressed

Restore service 8 hours 1.13 hrs 24

Reduce # of SSO’s over previous year by 1% 73 18% more SSOs

4

Organizational Responsiveness - 2FQ17 Quarterly Report

WORST BESTLevel of Service: To provide prompt response times to minimize impacts to TWA customers and the environment.

KPIs KPI Target Field Services

Potable Water ActualPerformance

# of Work Orders addressed

Response time for leaks and breaks 8 hours 0.5 hrs 1106

Response time for Water Quality Complaints

within 24 hours of notification

2.59 hrs 74

Reclaimed WaterActual

Performance


Response time for leaks and breaks 24 hours 1.04 hrs 83

Waste WaterActual

Performance


Response time for wastewater backups and other sewer collection system failures

2 hours 0.4 hrs 318

94%

Target met/exceeded - GOODTarget not met -

IMPROVEMENT REQ'D

Low bound not met -

IMPROVEMENT REQ'D

5

KPI: Repair out-of-service fire hydrants within 14 days of notification

Description: This metric looks at the average time it takes to close out tickets written against out-of-service (OOS) hydrants.

Data includes work orders with OUT-SERV as the problem code and the word HYDRANT in the description

MM-YY

OOS Hydrants Avg Days

# of hydrant work orders

Jul-16 0.57 4

Aug-16 5.85 6

Sep-16 12.83 10

Oct-16 33.72 4

Nov-16 15.63 7

Dec-16 62.43 2

Jan-17 41.78 4

Feb-17 41.97 5

Mar-17 54.17 4

Apr-17 9.71 2

May-17 9.83 4

Jun-17 4.17 2

6

KPI: Restoration of Service – Restore potable service lines within 4 hours

Description: The following information pertains to any service interruptions that cause customers to experience the complete cessation of water service or water delivered at a pressure lower than 20psi.

Data includes potable water work orders with LEAKING as the problem code and/or work orders with the word WATER and LEAK, BREAK, CUT, or HIT in the description and a SERVICE INTERRUPTION indicated. Data shown uses the recorded service interruption time.

SERVICE

MM-YY Avg Hours# of Work

Orders

Jul-16 0.44 67

Aug-16 0.49 48

Sep-16 0.56 81

Oct-16 0.55 74

Nov-16 0.44 58

Dec-16 0.64 40

Jan-17 0.57 57

Feb-17 0.67 60

Mar-17 0.63 72

Apr-17 0.81 87

May-17 0.66 102

Jun-17 0.56 81

7

KPI: Restoration of Service – Restore potable distribution lines within 8 hours

Description: The following information pertains to any service interruptions that cause customers to experience the complete cessation of water service or water delivered at a pressure lower than 20psi.

Data includes potable water work orders with LEAKING as the problem code and/or work orders with the word WATER and LEAK, BREAK, CUT, or HIT in the description and a SERVICE INTERRUPTION indicated. Data shown uses the recorded service interruption time.

MAIN

MM-YY Avg Hours# of Work

Orders

Jul-16 3.00 2

Aug-16 0.25 1

Sep-16 0.00 0

Oct-16 0.00 0

Nov-16 0.00 0

Dec-16 0.00 0

Jan-17 7.00 1

Feb-17 0.00 0

Mar-17 0.00 0

Apr-17 2.50 1

May-17 2.83 3

Jun-17 1.00 1

8

KPI: Restoration of Service – Restore sewer service within 8 hours

Description: Sewer Service interruption is defined as either a sewage backup onto customer property or the inability to evacuate waste water from the customer’s property due to a blockage or other failure in the sewer collection system.

The only work orders counted below are ones where a service interruption was indicated on the work order.

MM-YY Avg Hours# of work

orders

Jul-16 2.16 8

Aug-16 3.05 5

Sep-16 1.56 17

Oct-16 1.75 22

Nov-16 1.78 16

Dec-16 2.00 8

Jan-17 2.15 10

Feb-17 1.05 14

Mar-17 1.43 11

Apr-17 0.54 6

May-17 0.89 9

Jun-17 1.65 12

9

KPI: Average time to respond for water breaks and leaks to be less than 8 hours

Description: This metric attempts to capture the average time it takes to respond to a customer’s call reporting a water leak. It includes the elapsed time from when a call comes in to when a technician is on location to assess the reported issue. This does not reflect the time necessary to resolve the reported issue. The type of work orders included are leaks and breaks from pipe or any equipment connected in the distribution system (valves, hydrants, meters, etc).

Average Hrs

# of work orders

Jul-16 0.84 423

Aug-16 0.52 368

Sep-16 0.72 396

Oct-16 0.52 369

Nov-16 0.67 398

Dec-16 0.49 352

Jan-17 0.67 316

Feb-17 1.91 278

Mar-17 0.56 296

Apr-17 0.46 335

May-17 0.47 396

Jun-17 0.56 375

10

KPI: Restoration of Service – Restore reclaim service within 8 hours

Description: The following information pertains to any service interruptions that cause customers to experience an interruption in reclaim service.

The type of work orders included below are reclaim work orders with LEAKING as the problem code and/or work orders with the word RECLAIM and LEAK, BREAK, CUT, or HIT in the description and a SERVICE INTERRUPTION indicated. Data shown uses the recorded service interruption time.

MM-YY Avg Hours# of work

orders

Jul-16 0.63 2

Aug-16 12.50 2

Sep-16 0.56 4

Oct-16 0.58 3

Nov-16 36.50 2

Dec-16 0.63 2

Jan-17 7.43 7

Feb-17 0.75 2

Mar-17 0.55 5

Apr-17 0.75 4

May-17 0.50 4

Jun-17 0.80 5

11

KPI: Average time to respond for reclaim breaks and leaks to be less than 24 hours

Description: This metric attempts to capture the average time it takes to respond to a customer’s call reporting a reclaim leak. It includes the elapsed time from when a call comes in to when a technician is on location to assess the reported issue. This does not reflect the time necessary to resolve the reported issue.

The type of work orders included are those with LEAKING as the problem code and/or with the word RECLAIM and LEAK, BREAK, CUT, or HIT in the description

Average Hrs

# of work orders

Jul-16 0.86 23

Aug-16 0.74 22

Sep-16 0.45 25

Oct-16 0.61 24

Nov-16 0.41 16

Dec-16 0.26 7

Jan-17 0.92 27

Feb-17 0.65 19

Mar-17 0.54 28

Apr-17 1.58 28

May-17 0.67 25

Jun-17 0.86 30

12

KPI: Average time to respond to wastewater backups to be less than 2 hours

Description: This metric attempts to capture the average time it takes to respond to a customer’s call reporting a sewer related problem. It includes the elapsed time from when a call comes in to when a technician is on location to assess the reported issue. This does not reflect the time necessary to resolve the reported issue.Data includes work orders with BLOCKAGE, SSO, LEAKING, DAMAGED, or DEPRESSION as the problem code and Service Categories of Sewer Lateral, Gravity Main, Manhole, Cleanout, Force Main, or Lift Station.

Average Hrs

# of work orders

Jul-16 0.76 117

Aug-16 0.46 103

Sep-16 0.59 107

Oct-16 0.50 101

Nov-16 0.44 103

Dec-16 0.40 98

Jan-17 0.54 99

Feb-17 0.31 93

Mar-17 0.60 120

Apr-17 0.36 86

May-17 0.34 104

Jun-17 0.48 126

Level of ServicesQuarterly Presentation

Customer Service3FQ17

Customer Service Division

Billing Collections

Call Center Dispatch

Customer Service Field Technicians

Customer Pays for

Meter/Ticket Generated

Dispatch sends out and Field

Sets Meter w/ AMR

Bill is Generated

Collections Process Begins

Cash is Collected

Customer Account is ServicedResponsible for

Meter to Cash

Lifecycle

3

Organizational Responsiveness and Customer Service Performance - 3FQ17 Quarterly Report

Level of Service: To provide prompt response times to minimize impacts to TWA customers and the environment.

KPIs KPI Target Customer Service



New meter installation 15 business days(21 calendar days) 12.8 days 991

Response time for Water Quality Complaints

within 24 hours of notification .93 hrs. 4

Reclaimed Water ActualPerformance


New meter installation 15 business days(21 calendar days) 12.08 days 545

KPIs KPI Target Customer Service

Call Center ActualPerformance

Avg # of calls/day

% of calls answered within 30 seconds.

75% of presented calls 33% 1143 presented

Average call handle time between 180 and 400 seconds 336 secs 902 handled

Abandoned Calls < 5% abandoned calls per month 21.33% 1143 presented



Complete revenue related service orders 20 business days(28 calendar days)

8.34 calendar days 407

Complete safety related service orders 5 business days(7 calendar days)

0.23 calendar days 101

4

KPI: New Potable Water meters shall be installed within 15 business days (21 calendar days)

Description: This indicator identifies the average number of days that it takes to complete work orders to install water meters. The elapsed time period identified as the site not ready to receive a meter is not included.Data includes all CIS service orders that have been assigned the ‘Toho Water Meter Set’ service order type.

CS

Avg # of Days to Install

Avg Days to 1st visit

# of work orders

Jul-16 8.42 7.76 300

Aug-16 8.98 7.86 399

Sep-16 11.42 9.55 374

Oct-16 18.16 14.97 294

Nov-16 15.65 13.75 348

Dec-16 14.51 12.82 382

Jan-17 13.25 11.84 392

Feb-17 14.77 13.00 375

Mar-17 14.94 13.13 524

Apr-17 11.06 10.03 305

May-17 9.11 7.97 533

Jun-17 14.74 13.04 537

5

KPI: New Irrigation/Reclaim meters shall be installed within 15 business days (21 calendar days)

Description: This indicator identifies the average number of days that it takes to complete work orders to install irrigation and reclaim meters. The elapsed time period identified as the site not ready to receive a meter is not included.Data includes all CIS service orders that have been assigned the ‘Toho Reclaim Meter Set’ or ‘Toho Irrigation Meter Set’ service order type.

CS

Avg # of DaysAvg Days to 1st

Visit# of work

orders

Jul-16 10.53 9.96 164

Aug-16 9.32 8.23 247

Sep-16 12.52 10.23 203

Oct-16 19.86 16.05 170

Nov-16 16.95 14.62 190

Dec-16 15.32 12.77 181

Jan-17 13.30 11.49 216

Feb-17 15.25 12.38 196

Mar-17 14.52 12.48 318

Apr-17 12.27 10.58 164

May-17 7.57 6.80 277

Jun-17 14.46 12.89 265

6

KPI: Average time to respond to Water Quality Complaints (taste, odor, color) to be less than 24 hours

Description: This metric attempts to capture the average time it takes to respond to a customer’s call registering a water quality complaint. It includes the elapsed time from when a call comes in to when a technician is on location to assess the reported issue. This does not reflect the time necessary to resolve the reported issue.Data includes Infor work orders with QUALITY as the problem code and/or with the word WATER and FLUSH, ODOR WATER, DIRTY WATER, WATER QUALITY in the description and CIS service orders that have been assigned the ‘Water Quality’ service order type.

Overall CS

Average Hrs# of Work

Orders Average Hrs# of Work

Orders

Jul-16 3.85 48 4.13 44

Aug-16 1.75 51 2.04 43

Sep-16 4.39 39 4.50 38

Oct-16 2.57 21 3.12 17

Nov-16 3.51 32 3.51 32

Dec-16 3.29 20 3.29 20

Jan-17 11.74 23 11.74 23

Feb-17 6.11 28 6.33 27

Mar-17 5.69 14 5.69 14

Apr-17 2.84 20 2.84 20

May-17 2.94 19 2.94 19

Jun-17 2.11 39 2.25 35

7

KPI: Complete Revenue related service orders within 20 business days (28 calendar days)

Description: This indicator identifies the average number of days that it takes to close out revenue related work orders. The data shown below includes CIS service orders that have been assigned the ‘Meter Stop \ Damage’ service order type.

Avg Days Open # of work orders

Jul-16 7.78 312

Aug-16 8.81 202

Sep-16 8.01 231

Oct-16 19.74 232

Nov-16 7.70 158

Dec-16 8.44 152

Jan-17 8.98 189

Feb-17 10.81 186

Mar-17 11.65 224

Apr-17 4.71 152

May-17 7.68 163

Jun-17 12.48 194

8

KPI: Complete Safety related service orders within 5 business days

Description: This indicator identifies the average number of days that it takes to close out safety related work orders. The data shown below includes CIS service orders that have been assigned the ‘Safety Box / Lid’ service order type.

Avg Days to Complete # of work orders

Jul-16 0.19 29

Aug-16 0.16 44

Sep-16 0.23 45

Oct-16 0.70 40

Nov-16 1.01 43

Dec-16 1.98 27

Jan-17 0.39 30

Feb-17 0.16 27

Mar-17 0.22 45

Apr-17 0.20 23

May-17 0.38 33

Jun-17 0.18 46

9

KPI: 75% of presented calls must be answered within 30 seconds

Description: This metric includes all calls received by Toho’s Call Center and represents the number of calls that were answered within 30 seconds.Monthly statistical reports are generated from the phone switch. This report provides statistics on the calls presented, handled and abandoned by the Call Center located at the Administration Building on MLK.

Total # of Calls

Presented

# of Calls Presented

Per Day

# of Calls Handled by Call Center

# of calls not handled by call center

Actual Service Level

Expected Phone Coverage Staff

Level (FTE)

Actual Phone Coverage Staffing

Average (FTE)

Staffing % for Phone

Coverage

Avg # of Calls Handled per

person per day

Jul-16 28407 1420 15535 9045 14.2% 13.47 9.56 71.0% 58Aug-16 30551 1328 19900 6628 20.3% 13.47 11.18 83.0% 64Sep-16 34701 1652 19363 9690 11.7% 13.47 12.00 89.1% 68Oct-16 26158 1308 14896 7055 15.2% 20.47 10.67 52.1% 36Nov-16 24097 1268 14657 5875 16.1% 20.47 10.38 50.7% 74Dec-16 27630 1382 14733 8400 13.3% 20.47 11.04 53.9% 67

Total # of Calls

Presented

# of Calls Presented

Per Day

# of Calls Handled by Call Center

# of calls not handled by call center

Actual Service Level

Expected Phone Coverage Staff

Level (FTE)

Actual Phone Coverage Staffing

Average (FTE)

Staffing % for Phone

Coverage

Avg # of Calls Handled per

person per day

Jan-17 28956 1448 15567 5825 13.8% 20.47 10.90 53.2% 71Feb-17 25267 1263 16678 54 15.6% 20.47 10.66 52.1% 78Mar-17 23688 1030 19068 0 33.9% 20.47 9.13 44.6% 91Apr-17 22633 1132 16393 0 22.7% 20.47 10.38 50.7% 79

May-17 25330 1151 20497 0 36.3% 20.47 11.25 54.9% 83Jun-17 25210 1146 20842 0 40.1% 20.47 11.22 54.8% 84

10

KPI: Less than 5% of presented calls are abandoned

Description: This metric includes all calls received by Toho’s call center that were placed on hold by the phone switch, but were not handled because the caller disconnected prior to being served.Monthly statistical reports are generated from the phone switch. This report provides statistics on the calls presented, handled and abandoned. Average and maximum statistics are provided for the reporting period (monthly).

# of Calls Presented Per

Day% of calls

abandoned

Jul-16 1420 13.5%

Aug-16 1328 13.2%

Sep-16 1652 16.3%

Oct-16 1308 16.1%

Nov-16 1268 14.8%

Dec-16 1382 16.3%

Jan-17 1448 26.1%

Feb-17 1263 33.8%

Mar-17 1030 19.5%

Apr-17 1132 27.6%

May-17 1151 19.1%

Jun-17 1146 17.3%

11

KPI: Average handle time to fall between 180 and 400 seconds

Description: This metric includes all calls received by Toho’s Call Center and represents the average duration of the calls for the month. Duration time corresponds to the time that phone call is accepted until the termination of the call. If a customer is put on hold during a call, that time is included as part of the handle time.Monthly statistical reports are generated from the phone switch. This report provides statistics on the calls presented, handled and abandoned by the Call Center located at the Administration Building on MLK.

# of Calls Handled Per Day

Average Handle Time (secs)

Jul-16 777 307

Aug-16 865 306

Sep-16 922 333

Oct-16 745 315

Nov-16 771 292

Dec-16 737 317

Jan-17 778 310

Feb-17 834 328

Mar-17 829 333

Apr-17 820 337

May-17 932 343

Jun-17 947 328

*Note that the Call Handle time limits changed in April.

Questions?

12

Toho Water Authority Public Information Office Quarterly Update

UPCOMING COMMUNITY EVENTS/SPONSORSHIPSOctober - December 2017Guardian Ad Litem Gala 10/7

Viva Osceola 10/14

PAC Festival 10/28

Toho Anniversary Luncheon 10/31

FSAWWA Model Water Tower Competition 11/4

Help Now Lobsterfest 11/4

Education Foundation Golf Outing 11/10

Pioneer Days 11/11

Farm City Days 11/17

SPONSORSHIPS JULY - SEPTEMBERFSAWWA Water for People 7/27

COA Benevolent Breakfast 8/10

Osceola Arts Lip Sync Battle 8/11

ANNUAL SPONSORSHIPSMcCormick Research Institute, aka Heavenly Hooves

Osceola Council on Aging

Education Foundation

Historical Society

Chamber of Commerce

Help Now of Osceola, Inc.

Osceola Arts Public

STEM Alliance of Central Florida

Osceola County YMCA

Kissimmee Main Street

Public Information Office (PIO)

BOTTLED WATER (CASE) DONATIONSCOK 4th of July event - 50 casesCOK Commission Meetings - 6 casesGirl Scouts - 6 casesToho Hurricane Irma Safe Harbor - 20 casesCOA Hurricane Irma - 1 pallet Park Place Behavioral Health Care - 20 casesKissimmee Fire Department - 12 casesSaint Cloud PD - 20 casesCOK Hispanic Heritage Month - 5 cases

ONGOING PROJECTSA Day Without Water CampaignCOA Customer Education ProgramRate Change NotificationLab’s customer water kitsOnline customer formsIntercession City Engineering ProjectReclaimed Tier Structure Rates Taylor Creek Reservoir ProjectCustomer Service Week

Q4 - Stats

Q4 - Photo Album

(1) WaterWorks Summer Camp (2) Great Outdoors Day (3) Employee Summer Splash (4) Hurricane Irma (5) Top 100 Companies (6) Water For People (7) Employee Awards

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5

7

4

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Quarterly Report: July - September 2017

EVENT DETAILS ON 2ND PAGE

WaterWorks Summer Camp

WaterWorks Summer Camp just celebrated its fifth year offering a week of activities to 6-8 graders. The focus of the camp is to show how water is ever present in our lives and the careers associated with it. Campers visited our facilities to see where their water comes from and how wastewater is recycled into reclaimed water. Campers enjoyed canoeing and an airboat ride while appreciating the need to preserve our natural resources. At the Lakefront campers learned about water sheds and how pollution makes its way into them and how this affects everything.

Great Outdoors Day

Want to learn about your environment, science and sustainability? Then Great Outdoors Day is for you. The annual event invites area agencies and organizations set up around the park to show attendees what we can do to preserve our natural resources along with outdoor activities and competitions. Being a sponsor, the PIO Office had a booth. Attendees got tips on how to save water around the house and the importance of not putting oils, grease or food items down the drain or flushing wipes, diapers, medicine and many other items down the toilet.

Employee Summer SplashThe employee pool party is organized by the Events Committee which the PIO Office is a part of. Held at the YMCA, employees and their family enjoy an afternoon poolside with some delicious food. Everyone had fun swimming in the pool and playing different games.

Hurricane Irma

The PIO Office spent some time at the County EOC and was stationed at the Toho EOC during the actual hurricane. As it approached information relating to water was shared with the media outlets and social media informing the public how to prepare and what to expect. During and after the storm the public was kept informed about its water services. The PIO Office also coordinated in delivering bottled water to Heritage Park and the Council on Aging for hurricane evacuees.

Top 100

This makes 11 years in a row that Toho Water Authority is selected as one of the top 100 companies in Central Florida. This award program is designed to identify, recognize and honor the best places of employment in Orlando, benefiting the city’s economy, its work force and businesses. To be considered for participation, companies have to fulfill certain eligibility requirements. The PIO Office assists with the marketing and represents Toho at the awards ceremony.

Water For People

Did you know that 633 million people do not have access to clean water? This is where organizations like Water for People step in to develop sustainable access to clean water and sanitation in developing countries. And people like the American Water Works Association (AWWA) step in and organize fundraisers like Wine for Us Water For People to help raise funds and awareness. Toho is a sponsor of this annual and the PIO Office attended the event.

Employee AwardsThe PIO encourages employees to send in their nominations through email campaigns and helps organize the award presentation and festivity. On the day of the award ceremony the PIO Office takes pictures of the winners and posts them on social media and The Gazette.

Reclaimed Water Tier Structure Change

At the last board meeting in September the board approved the proposed tier structure change for meters 2” and larger. The PIO Office assisted the Legal, Environmental and Finance Departments in notifying and educating the 300 customers who would be affected by this change. Public notices were placed in area papers letting the public now about the proposed change. Letters were created and sent. Customers received an email inviting them to sign up for a workshop. A webpage was created for customers to get more information. The PIO Office assisted with the workshop presentation.

News ReleasesDuring the first quarter the PIO issued nine precautionary boil water notices for planned and emergency repairs. Three road closures and improvement notifications were also issued during this period.

EVENT DETAILS

On a monthly basis1) Publishing the employee Pipeline newsletter 2) Creating bill inserts for customers. 3) Reviewing bottled water requests and sponsorships. 4) Social Media

951 martin luther king boulevard, kissimmee, fl

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