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Board advances Measure R projects: bond update, fence contract approved and CFD repayment resolutions passed
Summary
Staff updated trustees on Measure R construction and finances, the board approved a $2.4 million fence contract for Vanden and Golden West, accepted a clean bond performance audit, and passed resolutions authorizing repayment of 2016 COPs and 2017 CREBs using CFD revenues with temporary interfund borrowing.
District staff reported progress on Measure R capital projects and presented related fiscal actions to trustees. Gabe summarized completed work — field and blacktop resurfacing, exterior painting and boiler replacements — and said the district has about $44 million in remaining bond authority.
The nut graf: The board received a clean performance audit for the bond program, approved a fencing contract to secure two campuses, and approved a package of debt‑repayment resolutions to terminate certain COP and CREB obligations using CFD revenues and short interfund borrowing to bridge timing differences.
Gabe described the fencing plan and said the lowest responsible bidder priced the full project for Vanden and Golden West at $2,400,000. He said the fence is an 8‑foot ornamental, non‑climb perimeter and that contractors who will be unsupervised on campus must be fingerprinted. A trustee asked whether the price included personnel and vehicle gates and whether the fencing aligns with future single‑point entry plans; Gabe confirmed it does. The board moved, seconded and approved the contract.
On debt management, Gabe explained a three‑step process: (1) board resolutions authorizing repayment, (2) termination agreements with debt holders, and (3) short interfund borrowing to cover timing differences until CFD tax receipts arrive. Trustees voted to approve resolution 2025‑26‑07 (COP repayment) and the related termination agreement, then resolution 2025‑26‑06 (CREB repayment) and its termination agreement. Board members emphasized that the CFD revenues being used to pay down the debt are generated by the CFD itself and not the general fund beyond a brief interfund loan.
Ending: Trustees asked staff to continue communicating with the Citizens Oversight Committee, monitor spend rate for sustainability and report back on project schedules; the board approved the listed actions by roll call.
