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CC SR 20260602 H - Adoption of Salary Schedule CITY COUNCIL MEETING DATE: 06/02/2026 AGENDA REPORT AGENDA HEADING: Consent Calendar AGENDA TITLE: Consider amending the Salary Schedule for Fiscal Year 2026-27 to reflect a cost-of-living adjustment for certain affected employment classifications. RECOMMENDED COUNCIL ACTION: 1) Adopt Resolution No. 2026-__, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, AMENDING, RESTATING, AND SUPERSEDING RESOLUTION NO. 2026-27 THAT SETS THE SALARY SCHEDULE FOR THE RANCHO PALOS VERDES EMPLOYEES ASSOCIATION, UNREPRESENTED EMPLOYEES, AND THE CITY MANAGER TO REFLECT A THREE PERCENT COST OF LIVING ADJUSTMENT EFFECTIVE JULY 1, 2026 FISCAL IMPACT: The proposed three percent (3.0%) cost-of-living adjustment (COLA) would go into effect on July 1, 2026, increasing the salary ranges and corresponding employee compensation for classifications covered by the City Council-adopted Rancho Palos Verdes Employees’ Association (RPVEA) Memorandum of Understanding (MOU), Unrepresented Management and Confidential employees, and the City Manager, consistent with the terms of the ir applicable MOU or employment agreements. Total citywide salaries and benefits are estimated at $16.1 million (approximately 110 Full Time Equivalent ((FTE)) and are being reviewed tonight by the City Council under a separate item. Of this amount, the estimated fiscal impact associated with the 3% COLA is approximately $294,000 and is included in the Fiscal Year (FY) 2026–27 Preliminary Budget. VR Amount Budgeted: $16.1 million (ALL salaries and benefits) $294,000 estimated COLA in FY 2026-27 Additional Appropriation: N/A Account Number(s): Salaries & Benefits for all funds VR ORIGINATED BY: Vanessa Godinez, Human Resources and Risk Manager VG 1 REVIEWED BY: Catherine Jun, Deputy City Manager CJ APPROVED BY: Ara Mihranian, AICP, City Manager ATTACHED SUPPORTING DOCUMENTS: A. Resolution No. 2026-___ Proposed Salary Schedule eff. July 1, 2026 (page A-1) B. Successor MOU with RPVEA for July 1, 2025 through June 30, 2028 (Linked) C. Resolution No. 2025-33, Compensation and Benefits for Unrepresented Management and Confidential employees for July 1, 2026 through June 30, 2028 (Linked) D. Successor MOU with AFSCME for July 1, 2025 through June 30, 2028 (Linked) E. Amendment No. 6 to the City Manager’s Employment Agreement (page E-1) F. Amendment No. 7 to the City Manager’s Employment Agreement (page F-1) BACKGROUND: On June 3, 2025, the City Council adopted Resolution No. 2025 -36 (Attachment B) to adopt a successor MOU with RPVEA for the period of July 1, 2025 through June 30, 2028. The City Council adopted Resolution No. 2025 -33 (Attachment C), approving the compensation and benefits for Unrepresented Management and Confidential employees , and also approved Amendment No. 6 (Attachment E) and Amendment No. 7 (Attachment F) to the City Manager’s Employment Agreement to provide an annual cost-of-living adjustment (COLA) – each for the period of July 1, 2025 through June 30, 2028. All three agreements include a COLA effective the first full pay period in July of each year consistent with the terms of their applicable employment agreements. The COLA is based on the percentage increase in the Consumer Price Index for All Urban Consumers (CPI - U) for the Los Angeles–Long Beach–Anaheim area, measured over the prior twelve- month period from March to March. The adjustment is subject to a minimum of zero percent (0%) and a maximum of three percent (3.0%). DISCUSSION: According to data published by the U.S. Bureau of Labor Statistics, the CPI-U for the Los Angeles–Long Beach–Anaheim area increased by 3.4 percent for the twelve-month period ending in March 2026. Because the agreements cap the annual COLA at three percent (3.0%), the COLA that will be applied in FY 2026-27 to the current salary and the salary ranges for all affected classifications will be three percent (3.0%) effective July 1, 2026. The proposed salary schedule that reflects this 3% COLA adjustment is attached for the City Council’s consideration (Attachment A). Total citywide salaries and benefits are estimated at $16.1 million and are being reviewed tonight by the City Council under separate item. Of this amount, the estimated amount for COLA is approximately $294,000 and is included in the Fiscal Year (FY) 2026–27 Preliminary Budget for consideration. 2 ADDITIONAL INFORMATION: On April 7, 2026, the City Council adopted Resolution No. 2026-25 for the successor MOU between the City and the American Federation of State, County and Municipal Employees (AFSCME) (Attachment D). Pursuant to the terms of the AFSCME MOU, affected employees will not receive a COLA effective July 1, 2026. In lieu, the MOU provides for a one-time bonus payment of one hundred dollars ($100) to all AFSCME - represented employees who are active and on the City’s payroll at that time. The one - time bonus will be issued to affected employees on their July 17, 2026 payroll and is included in the FY 2026-27 Preliminary Budget. The estimated fiscal impact is approximately $6,600 and is included in the FY 2026-27 Preliminary Budget. CONCLUSION: The proposed salary schedule implements a 3% COLA, in accordance with the provisions contained in the applicable MOU and employment agreements for classifications covered by RPVEA, Unrepresented Management and Confidential employees, and the City Manager. The City Council is being asked to adopt the attached resolution (Attachment A) reflecting this salary adjustment. ALTERNATIVES: In addition to the staff recommendation, the following alternative actions are available for the City Council’s consideration: 1. Do not adopt the attached resolution approving the amended Fiscal Year 2026- 2027 Salary Schedule and direct staff accordingly. By not adopting the amended Salary Schedule, the City Council would not be in compliance with the employment agreements and would need to renegotiate with affected groups. 2. Take other action, as deemed appropriate. 3 RESOLUTION NO. 2026-__ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, AMENDING, RESTATING, AND SUPERSEDING RESOLUTION NO. 2026-27 THAT SETS THE SALARY SCHEDULE FOR THE RANCHO PALOS VERDES EMPLOYEES ASSOCIATION, UNREPRESENTED EMPLOYEES, AND THE CITY MANAGER TO REFLECT A THREE PERCENT COST OF LIVING ADJUSTMENT EFFECTIVE JULY 1, 2026 WHEREAS, the City Council adopted Resolution 2026-27 on April 7, 2026, that sets a new Salary Schedule for part-time employees; and, WHEREAS, the City Council now desires to amend the City’s Salary Schedule to reflect updated salary ranges for all full-time employees represented by the Rancho Palos Verdes Employee Association and Unrepresented (Management and Confidential) employees, including the City Manager, based on cost of living adjustment (COLA) wage increase of three percent (3%) effective July 1, 2026; and, WHEREAS, Section 36506 of the California Government Code requires that the City Council fix the compensation of all appointive officers and employees by resolution or ordinance; and, WHEREAS, Rule V of the Personnel Rules of the City provides that in order to amend the City’s Salary Schedule that updates must be made via Resolution. NOW, THEREFORE THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES DOES HEREBY FIND, DETERMINE, AND RESOLVE AS FOLLOWS: Section 1. The salary ranges for the City job classifications as set forth in Exhibit “A” which are attached hereto and incorporated herein by this reference, are adopted on June 2, 2026 and are effective as of July 1, 2026; and, Section 2. Resolution No. 2026-27 is hereby amended, restated, and superseded and replaced by this resolution to reflect updated salary ranges for all full- time employees represented by the Rancho Palos Verdes Employee Association and Unrepresented (Management and Confidential) employees, including the City Manager, based on a three percent (3%) COLA effective July 1, 2026; and, Section 3. This resolution shall be effective on July 1, 2026. The City Clerk shall certify the adoption of this Resolution. A-1 Resolution No. 2026-__ Page 2 of 2 PASSED, APPROVED AND ADOPTED on this 2nd day of June, 2026. ________________________________ Paul Seo, Mayor ATTEST: ________________________________ Teresa Takaoka, City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss CITY OF RANCHO PALOS VERDES ) I, Teresa Takaoka, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2026-__ was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on June 2, 2026. ________________________________ Teresa Takaoka, City Clerk A-2 COMPETITIVE POSITIONS (RPVEA)MINIMUM SALARY MAXIMUM SALARY Accountant $92,510 $120,264 Accounting Clerk $63,261 $82,240 Accounting Manager $120,025 $156,032 Accounting Technician $71,608 $93,090 Administrative Analyst $89,668 $116,569 Administrative Assistant $74,929 $97,408 Assistant Engineer $102,759 $133,587 Assistant Planner $88,017 $114,421 Associate Engineer $117,156 $152,303 Associate Planner $97,884 $127,250 Building Inspector $85,467 $111,101 Cable TV Station Manager $98,391 $127,463 Code Enforcement Officer $82,228 $107,279 Deputy City Clerk $83,518 $108,574 Engineering Technician $78,738 $102,252 Geographic Information Systems Coordinator $102,741 $133,563 Lead Worker $72,927 $94,725 Maintenance Superintendent $138,316 $179,812 Maintenance Supervisor $90,306 $116,967 Maintenance Worker $65,087 $84,613 Open Space & Trails Coordinator $76,407 $99,328 Open Space & Trails Manager $138,316 $179,812 Open Space & Trails Supervisor $91,687 $119,193 Park Ranger $61,586 $80,062 Permit Clerk $62,062 $80,680 Permit Technician $70,832 $92,081 Planning Technician $74,108 $96,207 Principal Planner $123,430 $160,292 Project Manager $114,189 $148,445 Recreation Program Coordinator $76,407 $99,328 Recreation Program Supervisor $91,687 $119,193 Recreation Services Manager $105,530 $137,007 Senior Accountant $100,959 $131,247 Senior Accounting Technician $84,330 $109,630 Senior Administrative Analyst $106,065 $137,883 Senior Administrative Analyst (Records Management)$92,024 $119,631 Senior Administrative Analyst/Emergency Management Coordinator $106,065 $137,883 Senior Building Inspector $95,763 $124,492 Senior Code Enforcement Officer $92,896 $120,647 Senior Engineer $127,889 $166,256 Senior Information Technician $110,271 $143,178 Senior Maintenance Worker $71,596 $93,074 Senior Park Ranger $67,745 $88,068 Senior Planner $112,620 $146,405 Senior Staff Assistant $61,563 $80,032 Staff Assistant $55,871 $72,632 Traffic Engineering Technician $78,329 $101,830 Salary Schedule for Competitive, Confidential and Management positions A-3 Resolution No. 2026-___ Exhibit A Effective July 1, 2026; Revised to reflect a 3.0% COLA for RPVEA, Unrepresented Confidential and Management, City Manager CONFIDENTIAL POSITIONS (UNREPRESENTED GROUP)MINIMUM SALARY MAXIMUM SALARY Accounting Supervisor $117,020 $152,127 Executive Assistant $83,426 $108,456 Human Resources Analyst $94,411 $122,733 MANAGEMENT POSITIONS (UNREPRESENTED GROUP)MINIMUM SALARY MAXIMUM SALARY Assistant to the City Manager $124,454 $161,790 Building Official $150,553 $195,719 City Clerk $150,553 $195,719 City Manager ^^$282,014 Deputy City Manager $201,487 $261,933 Deputy Director of Community Development $160,795 $209,033 Deputy Director of Finance $160,795 $209,033 Deputy Director of Public Works $160,795 $209,033 Deputy Director of Recreation & Parks $160,795 $209,033 Director of Community Development $183,796 $238,935 Director of Finance $183,796 $238,935 Director of Parks & Recreation $183,796 $238,935 Director of Public Works $183,796 $238,935 Information Technology Manager $150,553 $195,719 Human Resources Manager $160,795 $209,033 Principal Civil Engineer $150,553 $195,719 Public Safety Manager $150,553 $195,720 PART-TIME POSITIONS HOURLY RATE HOURLY RATE Code Enforcement Officer $37.39 $48.55 Intern ^^^$16.90 $19.50 IT Specialist $33.99 $44.19 Open Space & Trails Crew Lead $23.19 $30.14 Open Space & Trails Worker $20.16 $26.20 Permit Clerk $27.30 $35.45 Public Safety Liaison $23.81 $30.95 Recreation Leader $20.16 $26.20 Recreation Specialist $26.66 $34.66 Senior Recreation Leader $23.19 $30.14 Senior Staff Assistant $27.89 $36.21 Staff Assistant $24.53 $31.88 Television Producer $30.50 $39.66 Television Producer (On-Camera)$35.01 $45.53 PART-TIME CONFIDENTIAL (UNREPRESENTED) Human Resources Specialist (Part-time) ^$37.46 $48.70 ^ Not represented by AFSCME; position is at-will and considered Confidential/Unrepresented under Resolution No. 2026-26 ^^ Per a separate employment agreement between the City and the City Manager ^^^ Not represented by AFSCME; position is at-will and unrepresented Salary Schedule for Part-Time positions are not subject to 7/1/2026 COLA. Salary ranges will remain as-is. A-4 01203.0004 2008264.1 5/27/2025 1 AMENDMENT NO. 6 TO CITY MANAGER EMPLOYMENT AGREEMENT BETWEEN CITY OF RANCHO PALOS VERDES & ARA MICHAEL MIHRANIAN, AICP This AMENDMENT NO. 6 to CITY MANAGER EMPLOYMENT AGREEMENT BETWEEN CITY OF RANCHO PALOS VERDES & ARA MICHAEL MIHRANIAN, AICP (“Amendment No. 6”) is made and entered into June 3, 2025 by and between the CITY OF RANCHO PALOS VERDES, a general law city & municipal corporation (“City”) and Mr. ARA MICHAEL MIHRANIAN, AICP, an individual (hereinafter referred as the “City Manager”). RECITALS A. On February 19, 2020, City and City Manager entered into the CITY MANAGER EMPLOYMENT AGREEMENT BETWEEN CITY OF RANCHO PALOS VERDES & ARA MICHAEL MIHRANIAN, AICP (“Employment Agreement”) whereby City’s City Council employed City Manager to serve in the position of city manager as prescribed by state law and as codified in Title 2, Chapter 2.08, of City’s Municipal Code. B. City and City Manager have previously entered into Amendment No. 1 to the Employment Agreement (“Amendment No. 1”), the same being effective January 2, 2021. C. City and City Manager have previously entered into Amendment No. 2 to the Employment Agreement (“Amendment No. 2”), the same being effective February 1, 2022. D. City and City Manager have previously entered into Amendment No. 3 to the Employment Agreement (“Amendment No. 3”), the same being effective February 21, 2023. E. City and City Manager have previously entered into Amendment No. 4 to the Employment Agreement (“Amendment No. 4”), the same being effective February 6, 2024. F. City and City Manager have previously entered into Amendment No. 5 to the Employment Agreement (“Amendment No. 5”), the same being effective February 18, 2025. G. The City’s City Council and City Manager now desire to further amend the Employment Agreement, as amended, as follows: AGREEMENT 1. The above recitals are incorporated by reference as if set forth in full herein. 2. Section 5.1 of the Employment Agreement, as amended, is further amended to read as follows (deleted text is indicated in strikethrough & added text in bold & italics): “5.1 Annual Compensation. Effective for the pay period upon approval, City agrees to compensate City Manager for his services rendered hereunder at an annual salary of TWO HUNDRED SIXTY THOUSAND DOLLARS ($260,000.00) as may be adjusted, from time-to-time, in accordance with Section 5.3 hereinafter, or as this Agreement may be amended. Effective July 1, 2025 for Fiscal Year 2025-26, the City will apply a 3% CPI to the City Manager's annual salary, which will increase from $260,000 to $267,800. A CPI will continued to be applied annually thereafter in Docusign Envelope ID: 26B47435-1351-455D-B8D8-36CAD5FA4CC6 E-1 01203.0004 2008264.1 5/27/2025 2 accordance with Section 9.9. Such salary shall be payable in installments at the same time as other Department Head employees of City are paid. City Manager shall pay his contribution to MediCare and SDI.” “9.9. No Additional Benefits. City Manager shall not be entitled to any cost of living adjustments (“COLA”) to compensation, if any, as are afforded Department Head employees or as the same may be modified for all Department Head employees by resolution of City’s Council from time to time. Starting July 1, 2025 and effective with the first full pay period in July of each year, the City shall provide an annual cost of living adjustment (COLA) to the City Manager in the amount not less than zero percent (0%) nor higher than a maximum of three percent (3%) as measured by the Consumer Price Index for All Urban Consumers (“CPI- U”) reported by the U.S. Bureau of Labor Statistics for the Los Angeles- Long Beach-Anaheim, CA metropolitan area covering the prior twelve- month period from March to March each year. 3. Continuing Effect of Employment Agreement. Except as amended by this Amendment No. 6, all other provisions of the Employment Agreement, as amended, shall remain unchanged and in full force and effect. From and after the date of this Amendment No. 6, whenever the term “Employment Agreement” appears in the Employment Agreement, it shall mean the Employment Agreement, as amended by this Amendment No. 6, and previously amended by Amendment No. 5, Amendment No. 4, Amendment No. 3, Amendment No. 2, and Amendment No. 1. 4. Affirmation of Employment Agreement; Warranty Re Absence of Breaches or Defaults. City and City Manager each ratify and reaffirm each and every one of the respective rights and obligations arising under the Employment Agreement. Each party represents and warrants to the other that there have been no written or oral modifications to the Employment Agreement other than as provided herein or in Amendment No. 5, Amendment No. 4, Amendment No. 3, Amendment No. 2, and Amendment No. 1. Each party represents and warrants to the other that the Employment Agreement is currently an effective, valid, and binding obligation. City Manager represents and warrants to City that, as of the date of this Amendment No. 6, City is not in breach or default of any material term of the Employment Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material breach or default under the Employment Agreement. City represents and warrants to City Manager that, as of the date of this Amendment No. 6, City Manager is not in breach or default of any material term of the Employment Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material breach or default under the Employment Agreement. 5. Adequate Consideration. The parties hereto irrevocably stipulate and agree that they have each received adequate and independent consideration for the performance of the obligations they have undertaken pursuant to this Amendment No. 6 6. Authority. The persons executing this Amendment No. 6 on behalf of the parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Amendment No. 6 on behalf of said party, (iii) by so executing this Docusign Envelope ID: 26B47435-1351-455D-B8D8-36CAD5FA4CC6 E-2 01203.0004 2008264.1 5/27/2025 3 Amendment No. 6, such party is formally bound to the provisions of this amendment, and (iv) the entering into this Amendment No. 6 does not violate any provision of any other agreement to which said party is bound. IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 6 on the date and year written below. CITY OF RANCHO PALOS VERDES ______________________________ David Bradley, Mayor Dated: ________________________ ATTEST: Teresa Takaoka, City Clerk APPROVED AS TO FORM: William W. Wynder, City Attorney CITY MANAGER ______________________________ Ara Michael Mihranian, AICP Dated: ________________________ [END OF AMENDMENT & END OF SIGNATURES] Docusign Envelope ID: 26B47435-1351-455D-B8D8-36CAD5FA4CC6 6/6/2025 6/6/2025 E-3 01203.0004 2008264.1 5/27/2025 1 Resolution No. 2025-89 Exhibit A Page 1 of 3 AMENDMENT NO. 7 TO CITY MANAGER EMPLOYMENT AGREEMENT BETWEEN CITY OF RANCHO PALOS VERDES & ARA MICHAEL MIHRANIAN, AICP This AMENDMENT NO. 7 to CITY MANAGER EMPLOYMENT AGREEMENT BETWEEN CITY OF RANCHO PALOS VERDES & ARA MICHAEL MIHRANIAN, AICP Amendment No. 7”) is made and entered into December 16, 2025 by and between the CITY OF RANCHO PALOS VERDES, a general law city & municipal corporation (“City”) and Mr. ARA MICHAEL MIHRANIAN, AICP, an individual (hereinafter referred as the “City Manager”). RECITALS A. On February 19, 2020, City and City Manager entered into the CITY MANAGER EMPLOYMENT AGREEMENT BETWEEN CITY OF RANCHO PALOS VERDES & ARA MICHAEL MIHRANIAN, AICP (“Employment Agreement”) whereby City’s City Council employed City Manager to serve in the position of city manager as prescribed by state law and as codified in Title 2, Chapter 2.08, of City’s Municipal Code. B. City and City Manager have previously entered into Amendment No. 1 to the Employment Agreement (“Amendment No. 1”), the same being effective January 2, 2021. C. City and City Manager have previously entered into Amendment No. 2 to the Employment Agreement (“Amendment No. 2”), the same being effective February 1, 2022. D. City and City Manager have previously entered into Amendment No. 3 to the Employment Agreement (“Amendment No. 3”), the same being effective February 21, 2023. E. City and City Manager have previously entered into Amendment No. 4 to the Employment Agreement (“Amendment No. 4”), the same being effective February 6, 2024. F. City and City Manager have previously entered into Amendment No. 5 to the Employment Agreement (“Amendment No. 5”), the same being effective February 18, 2025. G. City and City Manager have previously entered into Amendment No. 6 to the Employment Agreement (“Amendment No. 6”), the same being effective June 3, 2025. H. The City’s City Council and City Manager now desire to further amend the Employment Agreement, as amended, as follows: AGREEMENT 1. The above recitals are incorporated by reference as if set forth in full herein. 2. Section 5.1 of the Employment Agreement, as amended, is replaced in its entirety to read as follows: 5.1 Annual Compensation. Effective January 1, 2026 and paid on the first pay period of that month, City agrees to compensate City Manager for his services rendered hereunder at an annual salary of TWO HUNDRED SEVENTY-THREE EIGHT-HUNDRED DOLLARS ($273, 800.00) as may be adjusted, from time-to-time, in accordance with Section 5.4 Docusign Envelope ID: DEA54ADE-819B-4175-9BC3-96EB420A33C8 F-1 01203.0004 2008264.1 5/27/2025 2 Resolution No. 2025-89 Exhibit A Page 2 of 3 hereinafter, or as this Agreement may be amended. Such salary shall be payable in installments at the same time as other Department Head employees of City are paid. City Manager shall pay his contribution to MediCare and SDI.” 3. Section 5.1.1 of the Employment Agreement, as amended, is replaced in its entirety to read as follows: 5.1.1 Retention Payment. Effective January 1, 2026 and paid on the first pay period of that month, City shall provide City Manager a one-time retention payment of FOURTEEN THOUSAND DOLLARS ($14,000.00) in recognition of his exemplary service to the City. Such retention payment shall be paid directly to City Manager.” 4. Continuing Effect of Employment Agreement. Except as amended by this Amendment No. 7, all other provisions of the Employment Agreement, as amended, shall remain unchanged and in full force and effect. From and after the date of this Amendment No. 7, whenever the term Employment Agreement” appears in the Employment Agreement, it shall mean the Employment Agreement, as amended by this Amendment No. 7, and previously amended by Amendment No. 6, Amendment No. 5, Amendment No. 4, Amendment No. 3, Amendment No. 2, and Amendment No. 1. 5. Affirmation of Employment Agreement; Warranty Re Absence of Breaches or Defaults. City and City Manager each ratify and reaffirm each and every one of the respective rights and obligations arising under the Employment Agreement. Each party represents and warrants to the other that there have been no written or oral modifications to the Employment Agreement other than as provided herein or in Amendment No. 6, Amendment No. 5, Amendment No. 4, Amendment No. 3, Amendment No. 2, and Amendment No. 1. Each party represents and warrants to the other that the Employment Agreement is currently an effective, valid, and binding obligation. City Manager represents and warrants to City that, as of the date of this Amendment No. 7, City is not in breach or default of any material term of the Employment Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material breach or default under the Employment Agreement. City represents and warrants to City Manager that, as of the date of this Amendment No. 7, City Manager is not in breach or default of any material term of the Employment Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material breach or default under the Employment Agreement. 6. Adequate Consideration. The parties hereto irrevocably stipulate and agree that they have each received adequate and independent consideration for the performance of the obligations they have undertaken pursuant to this Amendment No. 7. 7. Authority. The persons executing this Amendment No. 7 on behalf of the parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Amendment No. 7 on behalf of said party, (iii) by so executing this Amendment No. 7, such party is formally bound to the provisions of this amendment, and (iv) the entering into Docusign Envelope ID: DEA54ADE-819B-4175-9BC3-96EB420A33C8 F-2 01203.0004 2008264.1 5/27/2025 3 Resolution No. 2025-89 Exhibit A Page 3 of 3 this Amendment No. 7 does not violate any provision of any other agreement to which said party is bound. IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 7 on the date and year written below. CITY OF RANCHO PALOS VERDES Paul Seo, Mayor Dated: ________________________ ATTEST: Teresa Takaoka, City Clerk APPROVED AS TO FORM: William W. Wynder, City Attorney CITY MANAGER Ara Michael Mihranian, AICP Dated: ________________________ END OF AMENDMENT & END OF SIGNATURES] Docusign Envelope ID: DEA54ADE-819B-4175-9BC3-96EB420A33C8 12/17/2025 12/19/2025 F-3