Bond Compliance Oversight Committee - May 15, 2026

The City of Santa Clara's Bond Compliance Oversight Committee convened on May 15, 2026, to review updates on the Measure I bond program, which funds various municipal capital projects across six categories including streets and transportation, fire stations, police facilities, parks, storm drain improvements, and historic building renovations. The committee received a detailed presentation on the issuance of approximately $97 million in Measure I bonds in early 2026, including two series of tax-exempt general obligation bonds. Staff provided updates on project statuses, consultant procurements, and upcoming requests for proposals, notably for fire station design contracts and library renovations. The committee discussed project budgeting, expenditure plan compliance, and staffing for program management. No formal votes on contract awards were taken, but the committee approved the consent calendar unanimously. Future meetings will focus on expenditure reports, audit reviews, and potential amendments to the expenditure plan. Public comments addressed project signage, project definitions such as "beneficial use," and assurances on budget adherence when combining projects.