Would You Like to Help Watch Over College of the Redwoods’ New $120 Million in Bond Authorizations? Apply Now! | Lost Coast Outpost

Press release from College of the Redwoods:

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In the November election, College
of the Redwoods successfully secured voter approval for Measure I,
authorizing up to $120 million in general obligation bonds to support
local educational infrastructure improvements. Measure I was passed
under the guidelines of Prop 39, which requires financial
accountability and the formation of an Independent Citizens’ Bond
Oversight Committee.

In
compliance with these requirements, CR’s Board of Trustees has
officially established the oversight committee, tasked with ensuring
transparency and proper use of bond funds to enhance district
facilities. The committee was approved by the CR Board of Trustees at
a public meeting on January 7th,
2025.

The
Committee will play a key role in ensuring transparency and
accountability in the use of bond revenues. According to
Administrative Procedure (AP) 6740, the committee’s primary purpose
is to:

• Inform
  the public about the expenditure of bond revenues;
• Review
  and report on the proper expenditure of taxpayers’ money for school
  construction; and
  
• Advise
  the public as to the District’s compliance with the Proposition 39
  requirements as contained in the California Constitution

Members
of the Citizens’ Bond Oversight Committee may engage in the
following activities:

• Receive and
  review copies of the annual, independent financial audit;
• Inspect
  school facilities and grounds to ensure that bond revenues were
  properly expended;
• Receive
  and review copies of any deferred maintenance proposals or plans
  developed by the District; and
• Review
  efforts by the District to maximize bond revenues by implementing
  cost-saving measures.

The
committee will have at least seven members, each serving two-year
terms, with a maximum of three consecutive terms. Members won’t be
paid but can be reimbursed for reasonable travel costs following CR’s
travel policies. To be on the committee, members must meet certain
criteria:

• One
  member must be involved in a local business organization.
• One
  member must be part of a senior citizen group.
• One
  member must belong to a recognized taxpayer organization.
• One
  member must be a current CR student who is active in a campus group.
  The student can continue serving for up to six months after
  graduation.
• One
  member must be engaged in supporting or organizing activities for
  the college.

Interested
individuals can visit the CR website
at this link
to submit an application or learn more about the committee’s
responsibilities.

Applications
will be reviewed starting January 31st,
2025.