Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bond topic
No spam. Unsubscribe anytime.
Citizens Bond Oversight Committee reports $1.7M spent of $10.9M bond; potential additional funds noted
Summary
Jim Garcia, CBOC chair, presented the annual oversight report showing roughly $1.7 million spent from a $10.9 million bond and highlighted possible additional funding streams (FEMA, seismic retrofit, Prop 2) totaling about $3.2 million though not guaranteed.
The Citizens Bond Oversight Committee (CBOC) presented its annual report to the Sunol Glen board. Jim Garcia, the committee chair, said the committee had reviewed bond audits and expenditures and reported about $1,700,000 spent of the $10,900,000 total bond funds to date.
Garcia outlined committee activities, meeting frequency and priorities — notably oversight of spending to ensure bond dollars match voter-approved projects — and pointed to possible additional funding sources under consideration, including FEMA, seismic retrofit dollars and Proposition 2 opportunities that could total about $3,200,000 but are not guaranteed. "It's been about $1,700,000 spent of the $10,900,000 total bond," Garcia said while presenting an infographic summarizing expenditures.
Board members thanked the committee for transparency and suggested posting a concise infographic and summary at public locations for community access. The board approved the annual report and recognized the committee’s work.
