REPORT TO COUNCIL
SUBJECT
Title
Action to Appoint the Bond Compliance Oversight Committee Members (Chosen by Lottery), Approve the Committee Bylaws, and Determine the Role of the Alternate Committee Members
Report
BACKGROUND
On November 5, 2024, voters in the City of Santa Clara approved ballot Measure I, the Public Facilities and Infrastructure Bond Measure. Measure I authorizes the issuance of up to $400 million in general obligation infrastructure bonds to help address over $600 million in unfunded infrastructure needs, including aging fire stations, storm drain systems, and aquatic facilities. City staff have identified priority projects within the Measure I approved Expenditure Plan, and the bond funding will provide a clear path forward for making essential repairs and improvements across Santa Clara.
As required by Measure I, the City must establish a Bond Compliance Oversight Committee (COC) to ensure transparency and accountability in the implementation of Measure I projects. The role of the COC is to:
1. Ensure that project implementation aligns with all bond measure requirements, including the terms of the Expenditure Plan.
2. Review and report on annual audits.
3. Review and provide recommendations to the City Council on any proposed amendments to the Expenditure Plan.
4. Inform the public about the expenditure of bond proceeds.
The Committee is to be comprised of:
* (1) One large business representative (50+ employees) (4-year term)
* (1) One small business representative (2-year term)
* (7) seven total residents of the city of Santa Clara, representing the following with the initial term limits*
o District 1 (2-year term)
o District 2 (4-year term)
o District 3 (2-year term)
o District 4 (4-year term)
o District 5 (2-year term)
o District 6 (4-year term)
o At-Large Member (4-year term)
*All members are eligible to serve up to two full 4-year terms.
The application period for the COC opened on March 18, 2025 and closed on April 2...
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