Ad-Hoc Stadium Audit Committee - Regular Meeting

On compliance oversight committee meeting. Please be advised this meeting will be recorded. Zoom application will notify you that this meeting is being recorded. Please press continue on the Zoom application to stay in the If you would like to speak on an agenda item or during public presentation, you may raise your hand on the Zoom application or press 9 on your phone. Please only raise your hand while the item you would like to speak on is being presented and staff will enable speaking.

Thank you.

Please only raise your hand while the item you would like to speak on is being presented, and staff will enable speaking at the appropriate time. Thank you. This is the call to order for the May 14 meeting of the bond compliance oversight committee. Call to order and roll call. Will staff please call the roll?

Member Duta? Member Tickler? Member Rodriguez?

Present.

Member Palmerlow? Present. Member I apologize.

That's me.

Okay. Member Dixit vice chair Dixit? Present. Member Klop?

Present.

And member Zhang? Okay. You have quorum. You may proceed.

Good evening. My name is Anurag Dixit, and I'm the chair of the Bond Compliance Oversight Committee. On behalf of the committee, welcome to today's meeting. At this time, please turn off or mute all electronic devices, including cell phones that may interrupt the meeting. Maybe start item one.

Item number one, consent calendar. The next item on the agenda is approval of the consent calendar and changes to the committee agenda. Ask the committee if they have any questions, changes, or discussion. Ask staff if any members of the public wish to speak. Invite a motion second to approve the consent calendar. Restate the move mover, seconder. Ask staff to take a roll call vote.

Is there anyone from the public that would like to speak on this item? We have one person.

So you are not to speak on consent items unless you pull it from. So is there something you wanna comment on the item that's on consent, the minutes? No? Okay. So at this point, you would is there anybody that would like to make a motion to approve the consent calendar and second that motion? One of you. One.

I move to approve the consent calendar.

Second. Second it.

Oh, second.

I vote second.

Okay. We have a motion by member Rodriguez with a second by member Palmerlow. If I can do a roll call vote. Member Tickler? Sorry. Still not here. Member Rodriguez?

In favor.

Member Pommerlow? Favor. Member Ibragimov? Okay. I couldn't hear it.

You're looking

I can you please vote yes or no in in the mic, please?

Yes. Okay.

Vice chair Dixit? Yes. And member Klop? Yes. Okay. That passes unanimously. You may move on to the next item under general business.

Item number three, public presentations. This item is reserved for persons who wish to address the committee on any matter within the subject matter jurisdiction of the committee that is not on this agenda. The law does not permit committee action or extended discussion of any item not on the agenda except under special circumstances. The governing body or staff may briefly respond to statements made or questions posed, and appropriate body may request staff to report back at a subsequent meeting. Members of the public who wish to address the committee on a nonagendized item should request to speak at this time by giving a request to speak form to staff if you are in chambers or by using the raise hand icon if attending virtually.

You may come forward. If you'd wish to speak, if you could just state your name into the microphone, press the button so you it'll record you. That's it. Go ahead.

So Hee Sung Kang, alternate for District 1.

The time to over for the

He is actually present. He's yeah. Yeah. You can you can stay for the meeting. We just will not be able to vote. It's up to you if you'd like to stay.

General business. Read the entire agenda language for the item. Ask if staff has a present presentation.

Yes.

We have a presentation for the committee and the public this evening.

Okay. We are on general business. The first item is the 02/2526 Measure I program update. Mark, if you'd like to start the presentation, please.

Thank you.

Good evening, committee members, members of the public, and the community. Before tonight, we start the presentation. I do wanna just take a minute to thank the committee for making your time available to participate in this. My name is Mark Fredes. I'm a deputy city manager overseeing the Measure I bond program on behalf of our city manager, Jo Jovan Grogan.

I wanna sincerely thank this committee and the members and the alternates for making the time to come out and participate in this committee. Your time, experience, and energy to serve this community is appreciated. Thank you again for your service, your leadership, and helping make Santa Clara an even stronger community for all. With that, I'd like to go ahead and begin our presentation. Purpose of this report tonight Perfect.

Thank you, Amy. So the purpose of the report this evening, we'll cover a couple of things here. We're gonna update the bond compliance oversight committee on recent accomplishments and significant milestones. Phase one project list implementation, issuance of up to a 100,000,000 in Measure I bonds, first tranche that we had, and then Measure I program staffing.

Okay. It's not working. K.

On the it'll be coming up, but the next page, just to give the committee an overview before we get into the actual presentation of the of the projects themselves. Just going back on some of the timeline. So back in November 2024, the voters of the Santa Clara voted overwhelmingly to approve measure I. That total bond funding was authorized up to $400,000,000. This will address over 600 plus million in infrastructure needs that have been identified over the years.

And so the expenditure plan that was part of the measure I approval identified six different categories that we'll be working on. Those categories include streets and transportation, fire stations and emergency response, police facilities, parks, library, senior center, and aquatic facilities, storm drain system improvements, historic buildings, and beautification. Next slide, please. So, again, on the twenty November fifth of twenty twenty four, we the voters passed measure I. On the 06/24/2025, the city authorized the Ad Valorum tax levy for fiscal year 2526 for the repayment of the debt service on the initial proposed 2026 general obligation bonds.

And as you may recall, on August 26, we convened to review the first tranche project, the proposed project list for the 2026 general obligation bond was presented, reviewed, and acknowledged unanimously by the city's measure I on compliance committee meeting. Moving forward. Next slide, please. So what is the role of this committee? Well, some of the the high level things that the oversight committee is responsible is to inform the public on the expenditure of the bond proceeds.

How are those bond dollars being utilized, and are they in line with the expenditure plan that the voters approved? The second item is review and report on the annual audit. And so we will have an auditor come to the committee and present the results of their audit so that the committee is able to review and approve the acknowledgment of the annual audit, and then we'll subsequently go to City Council for next presentation. The third item is reviews proposed projects that are in alignment with the expenditure plan. And then finally, reviews and recommends to the city council on any proposed amendments to the expenditure plan, which we do not have at this time.

Next slide, please. This slide may look familiar to you as we had this slide back in August 2026. On one side there, you'll see the six categories and the original approved expenditure plan, the amount per each category that was approved by the voters. And then on the far right, you'll see the project list that was approved by this body as well as the city council for that first tranche of projects. Next slide.

Measure I program staffing. Implementation of a comprehensive and sustainable approach in balancing the project delivery schedules with staffing levels is a critical element of the program's overall objectives. Staff carefully evaluated multiple project delivery staffing models and determined the following staffing level. One deputy city manager, one management analyst position, one principal engineer, two senior engineers, and one associate engineer. Next slide.

This item here is is around the first tranche bond sale that we conducted this February. So in December '19 12/19/2025, staff conducted a presentation for two credit rating agencies to review and reevaluate the city of Santa Clara's credit rating status. This is particularly important because as we're going out for bonds, one of the key measurements that they utilize is our bond rating. And this helps to determine kind of what kind of pricing and marketing will be involved with that that particular bond sale. So our city manager really made it a a priority for us to do everything that we could possibly to help improve our credit rating before this first tranche bond sale.

And so on we had that presentation on the nineteenth. And then on 01/12/2026, the two credit rating agencies, Moody's and S and P Global, both elevated the city's credit rating. And then on January 13, city council approved RTC 26Dash171900 to authorize the city manager to issue no more than 100,000,000 in general obligation bonds. Next slide. On this slide here, you'll see it highlighted in green and yellow.

And those are the two investment credit rating agencies that we used, Moody's and S and P. Prior to the credit rating presentation, Santa Clara had a a a one rating and S and P had a double a plus rating for the city. Those are very good ratings, but shortly after that presentation, those credit ratings were elevated to the green level of triple a for S and P Global, and then triple a also on Moody's as well. So those are the highest credit levels that you can have. So a very successful.

And what that means is is it's a lower cost of borrowing, and that lower cost translates into a lower ad valorem tax that will be applied to the property taxes. So this this credit rating improvement really has the impact of saving over the thirty years millions of dollars to our to our community in terms of getting that better rating and a better interest rate. So I just want to highlight that a little bit because that was very important to our city manager and to the city as well that we wanted to do everything we could to get the best pricing. And as it turned out, the sale occurred several weeks before the Iran war that we had, and subsequently, many of those interest rates have gone up quite a bit since then. So timing was pretty good.

Next slide, please. So the project list first tranche will be used for the general obligations bonds will be issued in two series. We had a series twenty twenty six a tax exempt general obligation bond used to finance municipal cap capital projects, and we had a second bond series sale, series twenty twenty six b. And these are tax exempt five zero one c three general obligation bonds used to finance municipal capital projects that will be used by eligible nonprofit for charitable purposes, ensuring compliance with the IRS requirements. So we had a couple of projects that fell into that category that the city chose to have a second series of bonds with a much shorter time period because of the use the significant use by our nonprofits.

And that was at the International Swim Center. And the second one is going to be used at the Triton Museum. Thank you, Liz. Triton Museum roof project. So as you can see on the slide, the series twenty twenty six a was in the amount of approximately $71,000,000.

The series b for the first tranche came in at about $25,000,000. Combined for the projects, we're looking at a combined sale of 96,634,500, And that's the funding mechanism we'll use to pay for the first tranche projects that this committee had acknowledged and approved. Next slide. Again, this is another breakdown of the general obligation series a and series b bonds. You'll see a number of different numbers there.

We have premiums. We have par values. We you know, in the bond world, they use various types of mechanisms. I'm not an expert in that area, but based upon the sale, those are the results in terms of both the interest rates and the duration. And I'd like to highlight on the series b.

Please take notice that the series b bond term is a two year bond term as opposed to the thirty year bond term. And this, again, was in line because of the utilization by our nonprofits at those two sites. So we wanted to minimize that timeline that repaying that bond. So that's why you see a difference between the two. So just wanted to make note of that for the committee.

Next slide, Amy. So project phase one funding, the initial sale tranche one, the principal amount of approximately $997,000,000 was completed in the first quarter of the calendar year of 2026. We anticipate the next proposed project phase two funding tranche two sometime in early twenty twenty eight. The planned bond sale amount will be significantly higher than the amount that we took on tranche two. The funding will be utilized to cover several large scale projects that will transition from study and feasibility analysis or design and permitting to the actual construction stage in phase two.

And then finally, we anticipate a final round, tranche three. Some we're anticipating to be sometime in 2020 2033. That remaining amount of funds will be utilized to pay for the remaining projects that were not yet completed or initiated during phase two. Next slide. In this slide here, you'll see that we have all the projects that were identified in the expenditure plan.

What the original budget of the expenditure plan. And then in the middle column, that's our phase one project list derived from the expenditure plan. And then the remaining funds is on the third column of the remaining funds that are in the expenditure plan that will come on the other two tranches. Next slide. So at this time, I would like to hand over the next portion of this presentation to Matthew Nguyen.

Matthew Nguyen is our new principal engineer that will be overseeing many of the projects for Measure I through our public works department. So, Matthew?

Yeah. Thank you, Mark. And good evening, committee members and members of city of San Jose and the public. I'm Matthew Nguyen. I'm a principal engineer for Public Works, and I'm managing the bond program for Public Works and also some of the bond projects itself.

So tonight, I'm gonna provide a quick update on one of the bond projects that we are working on. But at first, I want to share with you how we typically deliver our project. As you can see on the screen, we usually start with the scoping phase. And, you know, basically, we we, you know, we can do it with in house staff, or we have consultant coming in to assist us and evaluate the existing condition of the buildings or facility. And then from there, they can determine the scope of work for the project.

And from there, we'll go out and get another consultant onboard to assist us with the design for the project. And during the design phase, staff from Citi will also work together with the designer to complete the design. And once it's done, we'll put it out for bid and then eventually go to a word phase. So city council will have to award the project. And then after that, once we have the contract in hand, then we can issue the NTP or the notice to proceed.

So contractor now can start their submittal process and also start the construction process. Once it get to a certain point where we can start using the facility or the the building, then we we can claim beneficial use. So, basically, it will be ready for use. And then we will wrap everything up, get all of the record drawings and everything, and then we declare. We we do final inspection, and then we call it completion.

So that's the end of the project life cycle. So because our bond program just started in earlier this year, so most of our projects are still in the scoping or assessment phase. You can see 14 projects are in scoping and assessment phase. We have five projects being you know, staff is working on issuing RFP, getting the consultant on board. Another five projects where we are working with the designer for the design.

We have two projects under construction right now and one project that we already reached completion. So that's the overall project status. And now I'm gonna go into each category a little bit in detail. Next slide, please. The first category we have there is streets and transportation, and let's start with the street resurfacing and rehabilitation program.

Under this program, we're gonna deliver two projects. One is being planned for summer twenty twenty seven construction, and the next one is summer twenty twenty eight construction. So right now, we are working on the first project with the plan to, you know, go through all of the design bid and get ready for construction in summer twenty twenty seven. Another two projects that I wanna highlight under this category is the ADA improvement project and the bicycle wayfinding project. As you can see, the way bicycle wayfinding project, the scope is small, and the price is also small.

So we decided to combine that project with the ADA improvement project so that we can work on both project at the same time with a plan to, you know, save some time and also, hopefully, we can see some cost saving at the end. Right now, well, we issued a request for proposal a few months ago, and we received the proposals earlier this week. So staff is gonna review the proposal. And in the next few months, we're gonna decide on the design consultant, and then we will go to city council for award after that. So it will be in fall twenty twenty six.

Slide, please. The next category is the fire stations and emergency response. And here, we have two big projects, the Fire Station 5 replacement and Fire Station 7 renovation or replacement project. So staff earlier this year, staff work on the RP, and we issued RP in February. We received the proposals for both projects.

Currently, we we are working on the council memo so that we can award the first project, the price station five to one of the consultant that we selected. So we plan to go to city council on June 23 for that. On the the other project, Price Station 7, we're still in the review and negotiation process, and we plan to go to council in August to award that design consultant contract. There's a couple more projects on this list, and currently, staff is working on the RP, We're gonna issue the RP in the next month or so. For that, we can start the scoping and evaluation process.

Next slide. The next category here is police facility. And in this category, the first three projects are in the scoping and assessment phase right now. Basically, the police department is working with purchasing to prepare the RRP. And once we have the RRP, we will go out and look for a consultant to support us to help police department to basically define the scope for these three projects.

And then the last project on the list is the emergency operation center fencing upgrade. And this project, we completed in November 2025. So this is one of the project that I mentioned earlier that's already complete. Next slide. The next category is park, library, senior center, and aquatics facilities.

And in in this category, we have a good list of projects that we are working on. And you can see the first project there is the International Swim Center phase one. This project, we just had the Golden Shovel ceremony this morning at the site. Basically, the project is under construction right now, And, you know, we we remove the diving tower, the the building there, and then also we getting ready for, you know, plastering and all of that. So project is underway, and we we are aiming at beneficial use in fall twenty twenty seven.

On this list, there's also two park play playground renovation projects. One of them is under design, the Warburton, and also the Henry Smith Park is also under construction right now.

Next slide.

The next four projects oops. Can you go back one slide? Yes. The four projects here are related to various improvements that's gonna take place in several libraries in the city. So right now, the staff from library department is working with purchasing to prepare the RFP.

We will similar to the PD projects we're gonna issue. We're gonna get the proposal from the consultant. And then after that, once we select the consultant, we'll go into the scoping and assessment base for those. Next, please. The next category is the storm drain system improvement, and it start with the storm drain system improvement program.

This is a large program that we have in in place. The total funding for this is about 16,400,000. Of phase for Trench 1, we have $5,000,000 to start the project. So the first project here is the Harrison Street flood protection project. And we issued a RFP during the spring. So we have the proposal. Staff is gonna review the proposal. And then after that, we can select the consultant. So we plan to go to city council for approval in August of this year to start the design. The next program there is the GSI of Greenstone Water Infrastructure.

And under this program, we have two projects being planned for. One is Hope Drive GSI improvement, and another one is Santo Santa Clara Bike Path and GSI. So both of these projects are under design right now. Next slide, please. And then part of the storm drain improvement program, we also have several smaller projects that we list here.

So right now, it's still in in early phase of the project. We're gonna work with the maintenance department and also going through some initial assessment to find out, you know, what's a good project for this category. And then we will define the scope, and then we'll start the design after that. Next slide. Last and not least is the historic buildings and beautification category.

Oh, here we have the Triton Museum improvement. Recently, work with facility, and we find out that we need to replace the roof at the Triton Museum. So that's our scope. We will be working with the purchasing department and also with facility to get a consultant on board. And then from there, they can do the design for us, and then we can take it out into construction after that.

Next slide, please. I have here some construction photos to share with you. The first one is the International Swim Center. As you can see, the diving tower there is partially removed. And, also, in the background, the building is already removed.

So construction is underway. The middle photo there is Henry Smith Park where you see they're working on the the play play area. And lastly is the emergency operation center. This is the complete photo showing the new gate and new fencing around the facility. So with that, I'd like to hand it back to Mark to continue with the presentation. Thank you.

Thank you, Matthew. Nice job. On this slide here, April 30, I wanted to share with the committee that we had a field trip tour. If you recall from August 2025, that some of the committee members had expressed a desire to be able to go out and and take a look at some of the projects that measure I is funding. And so we worked with a number of our internal staff to pull together a tour.

And on April 30, we conducted that tour with two of our committee members that are present here today. And it was an opportunity for them to to go out to four different sites that we went to. We went first started at the library at Central Library there, and then we walked over to the ISC, and they were able to see some of the construction activity that was taking place at that time. It was a lot of demo work going on. As Matthew had said, they were taking down the buildings, taking down the swimming the dive tower.

So it was very nice to have that opportunity to go out there. The next place we went to was at the Henry Schmidt Park, and the two members were able to see some of the progress that's going out there. And then we wrapped it up with site visit at the emergency operations center. Next slide, please. And so those are some of the photographs that we took of our committee members, and and a lot of the team there are our public works staff.

Public works came out in in large group, and our project managers, our leadership were out there with our committee members talking about the project scope, and it worked out very nice. And we got some really nice feedback from Finn and from our New Raj. Next slide. So next steps. Well, the next steps that we're talk we would like to discuss is we're proposing that the fall of twenty twenty six be the scheduled next meeting.

And this is certainly open for discussion for the committee, but we wanna give a little bit of time for a couple of things to happen. One, we wanna get further into the project scopes so that we can report on and have more information to provide the committee. And secondly, we're going to conduct our annual audit. And so it we haven't finished the fiscal year yet. The fiscal year ends 06/30/2026.

And so once we conduct the audit and pull all those numbers together, then we would like to reconvene with the committee and bring forth that that audit report for the committee to review and to acknowledge. Any questions around comments around the next planned meetings? No. Okay. The next item is what are we gonna discuss at the next meeting?

So I'm proposing that we review the expenditure reports. So we'll have another report and actual numbers that are associated with the projects, what they're costing. Secondly, we'll have a discussion with the committee on determining the appropriate future meeting schedules. Right? How often how frequent do we wanna meet?

Is it twice a year, three times a year, four times a year? Measure I calls for a minimum of once a year, but we'd like to do it a little more frequent than that to keep our committee updated and engaged as as to what's going on. But we'd like to hear from you guys on the panel to get your feedback so that we can be accommodating and kinda find what that number looks like. And then thirdly, we'd like to start having some training opportunities as well as part of this meeting. So one of the things that we'd like to do is a training process on the amending of potential category project and or funding changes within the expenditure plan.

And so that's a requirement of the expenditure plan that if there's any significant alterations, we need to come back to the committee and then also to city council. And there's a lot more to it. I'm really condensing it, but I think it's an opportunity for the committee to have a better understanding of that process just in case we ever encounter it and have to come to the committee with a change to the expenditure plan. And so with that, that concludes our presentation. Does the committee or the public have any comments or questions regarding the presentation?

Yes.

When we see city projects occurring so I just saw one that started fairly recently. Central Park is ripping up their parking lot. And so when I saw that happening, I went home and pulled up my list. I I didn't see it on the list. But I thought, well, that's kind of interesting. What what should we make of those kinds of situations when we don't see projects like that that are not on our list?

Great question. Thank you for the question. Couple of things. So there's projects. Our Department of Public Works conducts projects all over the city. One of the items of measure I is that we're supposed to put up field signage at some of these or at these sites. Right? And so if we just implemented it at the ISE and put this dispersed our signage around there. And so that's one indicator. Right?

Is is there a signage out there? Right? And secondly, if it's not in the expenditure plan, it's probably not a Measure I project. It's funded with a different capital improvement program. And we do have both our principal engineer and our director of public works, Craig Mopek here as well. So if you have more questions around that, they certainly can answer those. Thank you. Any other questions?

Yeah. I saw there that ISC is supposed ISC is supposed to be open by fall twenty seven for beneficial use. I'm wondering what is beneficial use.

What is beneficial use?

Right. Yeah. Is it a term, or is it just normal use?

Yeah. That's the term that we use very often in construction, and it refer to when the facility is open for actual uses. There may be a few items that we still have to work on, Like, the sinus might not be complete, but, basically, the facility now is open for users.

Could you please say what will be opened by that date? Is it, like, just a pool, maybe pool and this Yes. Pools, three pools and showers and changing rooms? What you you expect to be open at Right.

Part of phase one project would include renovation and renew renewal of the three pools, the dive tower, and the mechanical room that have all of the filter and and pump system in there. I will have to look into the changing room to make sure that it's part of phase one or phase two. It might very well be part of phase two. So there will be some some accommodation to be in place to to address that.

Thank you. Yeah. K.

Committee members, are there any I think I think you have one more.

Hi. I've got two questions.

First

one is the staff that's supporting the project. Are they already city employees, or are they being hired for project?

A good question. So combination of both. For the management analyst, we're actually in in in that recruitment process. And then I think we're also recruiting for some of the other engineer positions. I I think we have two or three of them. Principal engineer, we have. We have a senior engineer, and I'm not sure we have two funded senior engineer positions and one associate. So perhaps Matthew could give us an update on those.

Yes. We have in on the public works, we should have one principal engineer, two senior engineer, and one associate engineer. Right now, we still have one associate engineer and one senior engineer vacant. So just me and another senior is working on the projects right now. We we have plan to hire new staff to support us. You're part of the city city staff? Yes, sir. I'm part of city staff working solely on bond projects only.

I thought I heard earlier in the presentation that there was some work done, maybe fencing ahead of the bond sale. I guess I'm curious how that works with the bond sale.

Thank you for the question. Measure I, in its language, as part of the ordinance, allows for us to go back up to eighteen months prior to the sale of the bonds for projects that were initiated and were being funded with different buckets of money. So when the bond measure passed, the sale of the bonds occurred, we have an opportunity to reimburse those funds that were bridging that work until measure I went through the whole bond sale process. So at that time when we come back with our annual report, you will see a couple of projects that fell into that category, and that was one of them. Right?

And then the other one is the EOC and the ISC. Those are the two projects that were initiated prior to the bond sale. And so because the language is in the bonds in the bond measure that allows us to go back eighteen months, that's the mechanism we're using to reimburse. And we did this because you don't wanna wait for the project. Right?

This would have delayed another several months at least on the ISC. So our city manager wants to see that project completed as fast as possible, and so they authorized utilizing different funds during the bridge time to pay for that work until measure I funds are available. Great question, though. Thank you.

I just wanna follow-up. And and the the committee did see those projects last year before we even got the bond sale. So we knew that we had that eighteen month recapture kind of time period for that. And you're gonna be seeing that actually going through this whole bond process as we're spending dollars or getting ready for our next project. You might say, well, let's start design now and start, you know, planning for it and spending dollars knowing that we will get we'd be able to recoup that at during the next sale. So

I think you One

more question.

Are there any more questions for the community members?

About that leak leakage from pond to the swimming pool. Was the problem solved or not?

I'm not aware of a leak of a pond into the swimming pool. Yeah. I've heard that statement, but I personally am not aware of any pond water leaking into the pool. Matthew Craig, are you aware of I'm not aware of that either.

Alright. So you you you you think it's not a very important problem?

No. I don't I'm not saying it's not an important problem, but it's not a problem that I'm aware of. I'm I did talk with I think it her name is Tony. Yeah. And she heard it from a friend and another friend. I I just And but I haven't got your friend. Is ask around some of the leadership here, and no one could confirm any of that. Alright. So I just wanna make that clear.

If I may add something, I brought this up to one of the construction manager. And at one time, there was a mentioning of a potential leakage from the pond into the bar to the swim. But that was brought up, and the city asked the contractor to show us the evidence. And after that, we never heard anything back. So from our position, it's a nonissue.

Because if there was an issue, then they will have to prove it to us and show it, but we never hear anything back. So

First of all, congratulations on convincing Moody's and S and P for improving the credit rating for the city. That is pretty significant. Just kinda curious how was the city able to do that in your presentation.

I mean, it was a lot of work, especially on our finance department. Right? They've done a really good job budgeting and making sure that we have a balanced budget, that we had surplus coming, and then the ongoing revenues that are coming into the city. We've spent a lot of time ensuring that our general fund was gonna be funded through all the other measure fine tax measures that we've had in the past. And so I thought they they saw the strength in the city through that. And so but it it was a lot of work from, finance and the rest of the city and and showing, our, you know, financial stability for our city. So, yeah, they get a lot of kudos.

Are there any other questions to the staff from committee members? Are there any members of the publish public who wish to speak?

Yes. And we are opening the public hearing to hear them. We do have one in chambers and one online. If we can start with the individual in chambers, if you could state your name into the mic before speaking, please.

Hello, Hee Sung Kang. So for the project spending, do you have to stay within, like, the subcategories of the projects? Why I asked this question is the ADA and the bicycle wayfinding is gonna be done together. So how do you ensure that you're within, I guess, the dollar limits?

Thank thank you for the question. So one of the things that we're doing is we're really tracking a variety of different measures for each of our projects, and that is certainly one of them. We wanna make sure that when we're blending projects that we're accounting for those properly and separately in different ways so that measure I funds are being expended the way they were supposed to be. So even though we're combining projects or blending projects, the accounting and the budgeting of those will be maintained separately.

Okay. We will now go to those in the waiting room for Zoom. Mike, you are able to unmute yourself and speak.

Good evening. This is Mike Wachie. I'm the alternate for such change district. Just wanna ensure that these slides that were presented tonight will be sent out to all the bond compliance members. And then also today's little thing at the ISC was a wonderful event, and I look forward to doing more of those. And field trips, if I could be on the email distribution for the field trips, I'd greatly appreciate it. Thank you all for your great work.

Thank you. The slides will be in the minutes online, so you will also be able to receive the full packet that way as well. I have no more, hands raised in the online Zoom room. You can proceed.

For the presenting staff, are there any additional comments for the meeting?

Oh, I I

I know. And I'm I'm sorry. I came in late. I just came from another meeting. But I did want to say that we had a wonderful ISC event. I think they may have highlighted it earlier. But, you know, I I really encourage you to come out to our next ones. It was a great event to kinda see the project and be get really excited about these Measure I projects getting underway. So Thank you.

We

will now close the public hearing. So that moves you to finish with this particular report, which is to note and file. There is no action to take. There is no roll call to to proceed. You can move forward to the next item of staff report, commission report, all the way through to adjournment.

So it's a entire agenda language? So the next item

is additional staff reports, now would be the time for staff to present. None?

None.

Okay. I'll go ahead and finish. Next would be any commissioners who have anything they would like to report or share with your fellow committee members. No. Seeing none. Okay. Vice chair, if you wouldn't mind moving us forward to adjourning the meeting, please.

Can the meeting be adjourned? Committee members and the staff members. Okay. Meeting adjourned. And it's May 14, 06:34PM Pacific time. Thank

you.