Brea

City Council

August 18, 2026 Order of Business 3 #G

Agenda Item G

3.G. Statement of Investment Policy for the City/Brea Successor Agency to the Brea Redevelopment Agency Investment Policy. Pension Plan through Public Agency Retirement Services (PARS). — 1. Review and approve the Investment Guidelines for the City's Other Post Employment Benefits (OPEB) Trust Fund through Public Agency Retirement Services (PARS). The Unintended Reshaping of Orange County Neighborhoods” — 1. Authorize the Mayor, on behalf of the Brea City Council, to respond to the Orange County Grand Jury Report, “California Housing Mandates: The Unintended Reshaping of Orange County Neighborhoods”; and — 2. Authorize the City Manager, or their or designee, to make non-substantive edits to the City's response and submit the response to the Orange County Grand Jury. Regional Housing Needs Assessment Allocations Progress Credits for the Mercury Senior Apartments Project — 1. Find the Memorandum of Agreement with the County of Orange Regarding Receiving Regional Housing Needs Assessment Allocations Progress Credits for the Mercury Senior Apartments Project ("Memorandum of Agreement") exempt from the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines Section 15061(b)(3); — 2. Approve the Memorandum of Agreement; and — 3. Authorize the City Manager, or their designee, to make non-substantive changes and execute the Memorandum of Agreement.