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Measure H advisory committee reports bond spending on CIP; second tranche timing undecided
Summary
Chair Chris Warner told the council that Measure H expenditures to date comply with bond terms and that issuance of later tranches will depend on market conditions; committee asked council to monitor upcoming bond obligation deadlines.
Chris Warner, chair of the Measure H advisory committee, told the City Council the citizen committee reviewed bond compliance and project schedules and found expenditures consistent with the terms of the general obligation bond offering.
Warner said the committee has met several times and receives regular support from staff, naming Manny Kellogg and Joe Leach for their assistance. He reported that…
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