General Obligation Bond Expenditure Plan
$400 Million Bond Measure
Project Areas Total
Streets and Transportation 41,170,000
Street Resurfacing and Rehabilitation 23,000,000
ADA Improvements 10,000,000
Creek Trail Rehabilitation 2,500,000
Bicycle Wayfinding 300,000
Contingency/Escalation/Administration 5,370,000
Fire Stations and Emergency Response 142,235,450
Fire Stations 5 Replacement 27,000,000
Fire Stations 7 Replacement 27,000,000
Fire Stations 9 Replacement/Renovations 9,000,000
Fire Station 1 Replacement/Renovations 58,000,000
Fire Training Tower Renovation 783,000
Various Fire Station Infrastructure Upgrades 1,900,000
Contingency/Escalation/Administration 18,552,450
Police Facilities 43,987,500
Police Department Drone First Responder Infrastructure 3,000,000 Emergency Operations Center Infrastructure 250,000
Police Training Facility 30,000,000
Police Department Facility and Real-Time Crime Center
Infrastructure 5,000,000
Contingency/Escalation/Administration 5,737,500
Parks, Library, Senior Center, and Aquatics Facilities 115,258,750 Renovation/Expansion of 3 Public Libraries 9,000,000
Senior Center Expansion/Renovation 9,500,000
Community Aquatic Facility/ISC Renovation/Replacement 45,000,000 Bowers Park Renovations 4,400,000
Earl Carmichael Park Playground Renovations 2,900,000
Warburton Park Playground Renovations 3,000,000
Henry Schmidt Park Playground Renovations 4,325,000
Pickleball Court 1,600,000
Mary Gomez Park Renovations 2,500,000
Aged Parks & Buildings Infrastructure in Critical/Poor
Condition 18,000,000
Contingency/Escalation/Administration 15,033,750
Stormdrain System Improvements 46,000,000
Stormdrain System Improvements 16,423,000
Storm Water Retention Basin Remediation 9,209,000
Green Stormwater Infrastructure Design & Construction 6,645,000 Lafayette St. Underpass at Subway Pump Station 4,946,000 Bowers Ave Underpass SDPS Rehabilitation 2,030,000
SDPS Motor and Control Replacement 347,000
Stormdrain Pump Station Outfall Reconstruction Program 250,000 Stormdrain Renovations 150,000
Contingency/Escalation/Administration 6,000,000
Historic Buildings and Beautification 9,200,000
Street/Median Beautification Improvements 4,000,000
Renovations to Historic Buildings 3,000,000
Triton Museum Improvements 1,000,000
Contingency/Escalation/Administration 1,200,000
Bond Issuance Costs 2,000,000
GRAND TOTAL 399,851,700$
EXHIBIT A
1. In General. This City of Santa Clara plan for the expenditure of bond proceeds (“Expenditure Plan”) was adopted by the City Council on July 16, 2024, by Resolution No. 24-9346, to implement Section 6 of that certain Ordinance No. 2069 adopted concurrently herewith (“Ordinance”). The Ordinance calls for an election by City voters on a ballot measure to approve the issuance of up to $400,000,000 in bonds (“Infrastructure Bonds”) for purposes of financing the acquisition and construction of public infrastructure on the terms set forth therein. To the extent of any conflict between this Expenditure Plan and the Ordinance, the terms of the Ordinance shall govern. The above chart summarizes the Expenditure Plan’s “Project Categories” (as defined in Section 2, below), and “Infrastructure Projects” (as defined in Section
2. Project Categories. The Expenditure Plan includes the following infrastructure expenditure categories (“Project Categories”), each with a designated amount of allocated Infrastructure Bonds proceeds (“Designated Allocations”): Streets and Transportation ($41,170,000); Fire Stations and Emergency Response ($142,235,450); Police Facilities ($43,987,500); Parks, Library, Senior Center and Aquatic Facilities ($115,258,750); Storm Drain System Improvements (46,000,000); Historic Buildings and Beautification ($9,200,000); and Bond Issuance Costs ($2,000,000). Project Categories and/or their respective Designated Allocations may be amended, but only in accordance with the Expenditure Plan Amendment Process set forth in Section 6 of this Expenditure Plan, below. Notwithstanding the foregoing, the Designated Allocation for Bond Issuance Costs shall be treated as a “Budgeted Amount” under this plan, to be updated by staff without a formal Expenditure Plan amendment in accordance with the process set forth in Section 3, below.
3. Designated Infrastructure Subcategories/Specific Projects. Within each Project Category, there is a list of designated project subcategories and/or specific projects (“Infrastructure Projects”), including estimated amounts budgeted for each such project subcategory/specific project, and an overall estimate of the projected contingencies, cost escalations and administrative costs necessary for project implementation (“Budgeted Amounts”). Infrastructure Projects may be deleted or added, but only in accordance with the Expenditure Plan Amendment Process set forth in Section 6 of this Expenditure Plan, below. Budgeted Amounts represent City staff’s best estimate of the projected costs for such Infrastructure Projects as of the date of the City’s adoption of this Expenditure Plan. Throughout the duration of the Expenditure Plan staff will monitor the Budgeted Amounts for outstanding projects and, at least [annually], as necessary, staff will revise the Expenditure Plan to update the Budgeted Amounts to be consistent with then projected project implementation costs. Staff updates to Budgeted Amounts will not be considered amendments to the Expenditure Plan requiring the amendment process set forth in Section 6, below.
4. Phased Implementation. Infrastructure Projects identified within the Expenditure Plan will be implemented in phases (each a “Project Phase”). Consistent with priorities set by the City Council, staff will develop lists of proposed Infrastructure Projects to be included within each Project Phase. Each Project Phase will be presented for City Council and approval as part of the City’s annual Capital Improvement Program budget process. Additional factors to be considered in the development and timing of each Project Phase, and the sequencing of projects within each Project Phase time period include: (a) the need to balance available staff and contractor resources; (b) the length of the planning, design, and construction phases of each project; (c) disruption to the public as City services and facilities are removed from service to undergo renovations; (d) legal requirements for the expenditure of Infrastructure Bond proceeds (in general, under current federal tax law, the City must expect to spend 85% of each series of Infrastructure Bond funds within three years of their date(s) of issuance ); (e) the timing and availability of alternate and supplemental funding sources; (f) local, regional, state or federal permitting requirements; (g) the need to coordinate with outside agencies.
5. Council Approval Required. Council approval shall be required for (a) each and every proposed Project Phase for the implementation of the Expenditure Plan; (b) each and every issuance of Infrastructure Bonds to finance a Project Phase; and (c) any proposed amendment to the Expenditure Plan as provided in Section 6. Below.
6. Amendment of the Plan. Any proposed substantive amendment to this Expenditure Plan shall be subject to the requirements of Section 13(b)(ii) of the Ordinance. Such requirements shall include prior consideration and input from the “Bond Compliance COC” as provided therein.
7. Legal Requirements for Capital Projects. All Infrastructure Project costs paid from Infrastructure Bond proceeds shall consist of capital costs of the acquisition and improvement of real property within the meaning of California law. Any Infrastructure Project costs consisting of furnishings, furniture, equipment, software, ordinary maintenance (such as repairs, painting, resurfacing, striping or slurry seals), or other non-capital costs shall be paid by the City from other funds.