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<br />TABLE 18 CITY OF SAN LEANDRO
<br />INVESTMENT PORTFOLIO As of June 30, 2018 (1)
<br />
<br /> Market Value Cost % of Portfolio (2)
<br />Federal Agency Securities $18,225,358 $18,438,667 12.4%
<br />Money Market Fund 14,930,760 14,930,760 10.1
<br />U.S. Treasury Notes 23,835,115 24,012,489 16.2
<br />Local Agency Investment Fund 61,435,899 61,435,899 41.7
<br />Medium-Term Notes 17,094,432 17,338,832 11.6
<br />Supranationals 5,712,042 5,797,006 3.9
<br />Held by fiscal agent:
<br />U.S. Treasury Money Market Funds 5,993,542 5,993,542 4.1
<br />TOTAL 147,227,148 147,947,195 100.0 (1) Most recent report available.
<br />(2) Market value of assets used. Source: City of San Leandro. City Economic and Demographic Information
<br /> Employment and Industry. The City has a diverse economy, with its business
<br />community comprised of a varied collection of businesses ranging from neighborhood coffee houses and fine restaurants, large food processing centers, and regional shopping
<br />opportunities, to cutting edge technology companies. While the economic base has dramatically
<br />changed from its agricultural early years, the City continues to expand on its sound business base with the ongoing development of such projects.
<br /> The unemployment rate in the Oakland–Hayward–Berkeley Metropolitan Division, of which the City is a part, was 3.1 percent in August 2018, down from a revised 3.2 percent in
<br />July 2018, and below the year–ago estimate of 4.0 percent. This compares with an unadjusted
<br />unemployment rate of 4.3 percent for California and 3.9 percent for the nation during the same period. The unemployment rate was 3.1 percent in the County, and 3.2 percent in Contra Costa
<br />County in August 2018. The City has also placed a strong priority on maintaining its industrial base – over 20% of the City’s land area is zoned industrial – to take advantage of its close proximity to the Port of Oakland, Oakland Airport and two major highways.
<br /> San Leandro is also a net importer of sales tax revenue, due to the presence of its
<br />thriving regional shopping centers and the San Leandro Marina Auto Mall. In order to increase
<br />the local tax base, the Former Agency and a large number of local and regional car dealerships created the Marina Auto Mall, taking advantage of a convenient location and access to
<br />Interstate 880. The Marina Auto Mall consists of approximately 12 dealerships, and it has
<br />benefitted from industry consolidation and remained almost completely occupied with a Mazda dealership anticipated to open in 2019. Efforts to revitalize the downtown area of the City have
<br />also begun to bear fruit, as major infrastructure upgrades and a branding and marketing program are bringing new retail activity to the City’s historic core.
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