The Bond Spending Plan (BSP) is a high-level summary of how Measure Q bond funds are being distributed over the various projects and expenses in delivering the bond program. The BSP will always total the current amount of the bond program funds, which includes any interest earned. Over the life of the bond program, adjustments to the BSP are needed. The BSP includes the complete list of Measure Q bond program projects and currently proposed project budgets. The project list and budgets will evolve based upon the needs of the institution and its programs, market factors (including changes to bid conditions and escalation, for example) and project-specific needs and challenges. Changes to the BSP require the approval of the Board. Once the BSP is approved, individual projects that are newly begun will be “initiated” by the Board.

Below you will find the original Bond Spending Plan and all of the Board-approved Updates since the approval of the original Measure Q BSP in August 2014. The first/original version of the Measure Q BSP includes the project list and spending plan and a second document that includes historic data related to the development of the plan since the first draft, which was developed in January 2013. The data includes input from the Board from two (2) study sessions, one in July 2014 and one in August 2014. You will also find the Measure Q Bond Program Board Resolution Language.

Bond Resolution Language