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Brea Olinda voters approved $160 million Measure H; board sets oversight process and schedules project roll‑out
Summary
Measure H, a $160 million general‑obligation bond, was certified by the board; district staff outlined a phased financing plan, a citizens’ oversight committee and a Feb. 6 study session to set project priorities.
The Brea Olinda Unified School District confirmed the passage of Measure H, a $160 million general‑obligation bond approved by voters last fall, and the board moved to formalize next steps for implementation.
Superintendent Brenda and facilities staff told the board the official canvass showed Measure H passed well above the 55% threshold (district staff cited roughly 65% in the presentation). The board reviewed a preliminary implementation timeline: a Feb. 6 study session to set facility priorities, phased bond draws (tranches) with an initial draw targeted in 2025 and later draws tentatively in 2027 and 2028, and planning that accounts for IRS spend‑down rules.
Blake Blum of K&N Finance described how the district will structure the bond series to preserve the tax rate commitment made to voters. The district noted a target tax rate of $39 per $100,000 of assessed value tied to the authorization. Because older district bond debt remains in place for several years, the district projected a layered tax rate of about $64.65 per $100,000 for approximately three years before settling to the committed $39 figure; staff estimated that equates to just under $400 per year based on median assessed values (rough estimate provided in presentation).
The board advanced two resolutions: one to enter the election results into the minutes and certify proceedings with the county registrar, and one to establish an independent Citizens' Bond Oversight Committee (COC) with bylaws. The board will appoint the COC within 60 days; staff said about 13 community members had expressed interest and that an application window will open the following day. The board also approved an authorization of signatures to enable the district to proceed with administrative steps needed for issuance and project work.
Board members emphasized transparency, regular reporting, and a commitment to hold community meetings as project planning proceeds. Trustees voted unanimously on the resolutions related to the election certification, formation of the COC and related bylaws (roll call 5‑0). The board noted multiple future public meetings, including the Feb. 6 study session, where staff will present project prioritization and estimated schedules.
