Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bond Financing topic
No spam. Unsubscribe anytime.
Sunol Glen board authorizes bond sale process and BAN to accelerate Measure J projects
Summary
The board authorized staff to initiate the Measure J 2025 bond sale and include a bond anticipation note (BAN) to provide interim funding so modernization and seismic projects can proceed without delay amid rising construction costs.
Trustees discussed financing options for Measure J projects and the board authorized staff to begin the 2025 bond series sale and include issuance of a bond anticipation note (BAN) to speed project work. One trustee said the BAN was the lowest‑cost borrowing option and would prevent delays from rising construction prices.
Board members also accepted the multipurpose building reroofing project as complete and authorized filing a notice of completion. Public comment from a former trustee affirmed community support for the bond and noted the districtbond rate is relatively low compared with some neighboring areas.
