Measure H advisory committee reports bond spending on CIP; second tranche timing undecided

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 the first tranche of Measure H proceeds remains largely unspent (staff estimated about $5 million available and roughly $2 million in expenditures so far) and that there is currently no scheduled date to issue subsequent tranches. Warner said timing for a second tranche will depend on market interest rates and other conditions.

Why it matters: Measure H authorized approximately $19 million in general obligation bonds in 2022 to help fund water system and CIP needs. Warner told council members the committee is advisory and that the committee expects to continue monitoring compliance and project schedules. He urged the city to watch upcoming deadlines for obligating proceeds and to seek staff and legal advice if needed.

Council response: Vice Mayor Deasy and other council members asked staff to return with an update on remaining available proceeds and any deadlines for obligating funds. Staff said the courtyard pump station and other Measure H‑funded projects will draw on the first tranche as projects move from design to construction.

Next steps: the committee will continue to meet and brief council; staff will provide an update on bond obligation deadlines as the November 2025 dates approach.