Timeline of Bond Measure

This page outlines the timeline of events for the approval and implementation of Measure SOS. It will be updated as additional actions are taken, so please check back periodically for the latest information.

Last updated: April 30, 2025

April 2025

Measure Video Update

The District hosted two Town Hall Meetings to discuss project prioritization. The first one was held at 5:30pm on Thursday, April 24 at the Malaga Cove Auditorium. The second was an 8:00am virtual meeting on Tuesday, April 29.

View the proposed Project Prioritization by School Site by Category

The recording of the April 29, 2025 Town Hall Meeting and presentation can be found here:

April 29, 2025 Town Hall Recording

April 29, 2025 Town Hall Presentation

At the April 2 Board of Education regular meeting, district staff presented the Measure SOS project prioritization process. The process is based on three main factors: safety, security, and modernization. Initial planning involved reviewing past Board Advisory Committee recommendations. To gather additional community input, the district will hold town hall meetings on April 24 and 29, and board members will attend PTA meetings at each school this month. A draft list of prioritized projects is currently available, with the final list scheduled for board approval on May 14. Public feedback can be submitted via email to [email protected]

View the drafted list of prioritized projects here: K2. Facilities Prioritization - Phase One Projects

The first meeting of the Citizens’ Oversight Committee (COC) took place on Tuesday, April 1, 2025. These meetings are open to members of the public. The agenda will be available at least 72 hours before the meeting.

March 2025 (click to expand)

During the regular Board of Education meeting on March 12, representatives from the District Advocates Group (DAG) shared an update on the implementation process for the bond measure. They shared important updates on the project prioritization list, the search for an architectural firm to work on Measure SOS projects, and the state reimbursement process.

Detailed updates can be found in the March 12 Board Highlights.

Also during the March 12 meeting, the Donovan Group shared an update on bond communication efforts. Several initiatives are in progress, including website updates and regular newsletter messages.

Read the Board Highlights for March 12, 2025

February 2025 (click to expand)

The sale of the first series of $75 million of general obligation bonds for Measure SOS was completed on February 20, 2025. The bonds were sold through a competitive sale, a transparent process in which the district publicly invites financial institutions to submit bids.

The bonds are awarded to the bidder offering the lowest interest cost, reducing the district’s borrowing expenses. The sale drew significant interest, with 15 financial institutions submitting bids. Mesirow Financial Inc. secured the winning bid, delivering an attractive true interest cost of 3.49%.

The bond sale was finalized on March 6, 2025.

January 2025 (click to expand)

January 22, 2025

Following the December 18 establishment of a Citizen's Bond Oversight Committee, the board accepted applications from community members interested in serving. A total of 35 applicants applied for seven open positions on the committee. During the meeting, each applicant had one minute to address the board (in person, via Zoom, or through a prerecorded video).

The board decided to expand the size of the committee to nine members before final appointments.

Appointed Citizen's Bond Oversight Committee Members:

Representative from the Business Community: Meg Walker
Taxpayer Association Representative: David Offenberg
Representative from Senior Citizens’ Organization: Paul Klose
Representative from a Parent-Teacher Organization: Baldomero Fernandez
Parent or Guardian of a PVPUSD Student: Keith Murphy
Additional Members (4): Valerie Gorsuch, Gavin Mirigliani, Raquel Brown, William Um

January 8, 2025

During the regular board meeting on January 8, 2025, the Board of Education approved a resolution authorizing the district to issue its first series of bonds, not to exceed $75,000,000. Following this resolution’s approval, the district began developing a priority list for Phase 1 of Measure SOS projects.

The board also approved a consulting agreement with District Advocates Group (DAG) for bond program management.

School districts have multiple options for managing bond programs, including:

Using internal staff
Hiring additional staff
Utilizing a third-party bond management service

Bond management tasks include, but are not limited to, oversight of construction projects, budget management, procurement of supplies, community engagement, and communication.

watch the board discussion & approval of the dag agreement

December 2024 (click to expand)

December 18, 2024

Once the election results were certified by the county, the PVPUSD Board of Education received an update on the next steps for implementing Measure SOS. At the regular meeting on December 18, 2024, the board held several discussions regarding the bond measure.

Jon Isom, Financial Advisor from Isom Advisors, outlined bond details and next steps for the board to consider. Isom provided a comprehensive overview of the process, including:

The structure and disclosure of the bond financing
Rating and insurance considerations
The method of sale for selling the bonds

Following the discussion, the board was required to certify the election proceedings and establish a Citizens’ Oversight Committee (COC) for Measure SOS. The resolution and bylaws were presented to the board for consideration and approval. A motion was made and passed unanimously.

view these board actions and discussions

November 2024 (click to expand)