REPORT
SUBJECT
Title
City Clerk Administration of Bond Compliance Oversight Committee Random Draw Selection
Report
BACKGROUND
On November 5, 2024, voters in the City of Santa Clara approved ballot Measure I, the Public Facilities and Infrastructure Bond Measure. This general obligation bond authorizes the issuance of $400 million 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 Expenditure Plan, and the bond funding will provide a clear path forward for making essential repairs and improvements across Santa Clara.
The plan includes the following specific projects and estimated delivery costs. The project areas are:
* Fire Stations and Emergency Response ($142,235,450)
* Parks, Libraries, Senior Center, and Aquatics Facilities ($115,258,750)
* Stormdrain System Improvements ($46,000,000)
* Police Facilities ($43,987,500)
* Streets and Transportation ($41,170,000)
* Historic Buildings and Beautification ($9,200,000)
Bond Compliance Oversight Committee
As required by Measure I, the City is establishing a Bond Compliance Oversight Committee (Committee) to ensure transparency and accountability in the implementation of Measure I projects. The role of the Committee 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.
Per the Measure I Ordinance, the Committee will consist of nine (9) members selected through a random lottery process and confirmed by the City Council. The Council's appointment serves as a ratification of the lottery process and confirmation that the selection aligns with the criteria outlined in the ordinance.
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