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Santa Clara authorizes up to $100 million in Measure I bonds for initial projects; staff to market series in February
Summary
After a public hearing and questions about structure and oversight, the City Council authorized staff to proceed with issuing up to $100 million in the first Measure I bond series (2026A and 2026B). Staff highlighted AAA/AAA (S&P/Moody’s) credit ratings and a target pricing date of Feb. 10, 2026; council asked for continued transparency via project dashboards and oversight.
The Santa Clara City Council on Jan. 13 authorized staff to proceed with issuance of the first series of Measure I general obligation bonds in an amount not to exceed $100,000,000. The action permits the city manager and his designee to finalize financing documents and to sell tax‑exempt bonds in two series (2026A for general projects, 2026B targeted for projects used by eligible nonprofits).
Deputy City Manager Mark Freitas and Finance Director Ken Lee walked the council through the…
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