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Board moves ahead with Series C bond issuance and approves prioritized project list
Summary
Trustees approved moving forward with the third issuance (Series C) under Measure R (authorization up to $3,000,000) and approved a prioritized project list — the list emphasizes safety/security, playground ADA surfacing, parking and EV infrastructure, and North Campus upgrades, with solar panels likely deferred.
The board discussed Resolution 25‑8 and the committee-recommended project list for the third issuance of Measure R general obligation bonds. Staff explained the financing timetable (rating-agency meetings in January, pricing in mid-February, proceeds in late February) and the requirement to spend proceeds within statutory timelines. The resolution authorizes issuance in a principal amount not to exceed $3,000,000, with proceeds slated for approved projects including community center upgrades.
Paul Hartle and staff presented the prioritized project list developed by a 16-person committee. Key priorities included playground resurfacing and ADA-compliant surfacing, bells and clocks/notifications, parking-lot repairs at North Campus (with EV charging stations and potential DSA triggers), and other deferred maintenance. The board moved to approve the third issuance project list and proceeded with the motion and recorded affirmative votes to authorize the program to move forward. Staff noted cost estimates are preliminary and the final scope will be refined to fit proceeds and regulatory requirements.
