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Posts Tagged Measure A Bond

Peralta Saves Taxpayers $5 Million with Bond Refinancing

1 July 2020

Oakland, CA – In the latest demonstration of financial stewardship by the Peralta Community College District (PCCD), the District has sold General Obligation bonds from bond measures passed in 2006, 2009, and 2018 to finance capital projects throughout the district while saving taxpayers $5.1 million in reduced debt service.

In April, the District successfully sold $115 million of general obligation bonds authorized by the voters of Alameda County in the election of 2006 (Measure A) and 2018 (Measure G) at a much lower rate than what was promised to taxpayers, successfully minimizing any added debt.  Soon after, the District refunded $22.9 million of its series 2009 (Measure E) bonds to generate $5.1 million in debt service savings for taxpayers. Like the district’s new money issuance, the refunding bonds received high ratings of AA- from Standard & Poor’s and AA by Fitch Ratings.

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This was made possible by the careful planning, successful marketing strategy, and expert monitoring of market conditions by the District and its financing team.

“We’re pleased to save the taxpayers over $5 million dollars while fulfilling our mission to deliver educational services and programs that enhance the region’s human, economic, environmental, and social development. This latest success wouldn’t be possible without the leadership of Dr. Carla Walter, Vice Chancellor of Finance and Administration, who led a team of financial advisors, bond counsel, bankers, underwriters, and more to make this savings for taxpayers possible,” said PCCD Chancellor Dr. Regina Stanback Stroud. “We continue to be grateful to the people of Alameda County for making capital improvements of the Peralta Community College District a priority.”

Bond funding is being used to support the District-wide facilities master plan, which includes renovating aging classrooms, building new science and technology labs, and modernizing facilities that are decades old. This will provide all of the students who attend Peralta Colleges with the first-rate educational environment they deserve. To learn more about the different capital projects underway at Laney College, College of Alameda, Berkeley Community College, and Merritt College, please visit build.peralta.edu.

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Peralta Community College District selects AECOM for bond program management services

12 February 2020

AECOM will oversee Program Management Services for Alameda County Bond Measures A and G on behalf of the District and the four Peralta Colleges

OAKLAND, Calif. (February 6, 2020) – On February 4, 2020, at its regularly scheduled Board meeting, the Board of Trustees of Peralta Community College District (PCCD) approved an agreement with AECOM Technical Services, Inc. for full program management services overseeing the completion of Measure A and the anticipated duration of Measure G. AECOM is a premier infrastructure firm, partnering with clients to solve the world’s most complex challenges and build legacies for generations to come. With their Northern California headquarters here in Oakland near Lake Merritt, AECOM is local and very supportive of area small and minority owned businesses, both factors (among many others) that contributed to their selection.

AECOM will be providing program management services for numerous bond projects on behalf of the Peralta District. During the election of November 2018, Northern Alameda County voters overwhelmingly approved Measure G, the District’s $800 million bond proposal to facilitate improvements to facilities and new construction.

Dr. Regina Stanback Stroud, Chancellor at the Peralta District, expressed her gratitude to voters saying, “The District is indebted to the Alameda County community for its massive support. We are grateful for the continued hope and trust the community has placed with us in our mission to provide accessible, high-quality higher education, career training and work force development. We are creating opportunities for students and changing lives for the better thanks to Alameda County voters.”

The District remains committed to delivering an exceptional return on investment. The bonds will bring much-needed improvements to Peralta colleges, allowing the District to address several priorities over the next five years and better serve our multicultural communities.  Building projects include development at each of the four Peralta Colleges:

  • An additional multi-use classroom building for Berkeley City College
  • New Center for Liberal Arts, Diesel and Automotive Technology replacement building, a new Science and Administration Building at College of Alameda, plus a new College of Alameda Aviation Center at Oakland Airport
  • New Child Development Center and Horticultural Center at Merritt College
  • Extensive development at Laney College including a Locker Room renovation, Laney Theater renovation, new Learning Resource Center and Library, and new Science Center
  • Plus infrastructure improvements for health and safety, accessibility, and sustainability to existing facilities at all four campuses

AECOM will provide program management services, including program kick off services, which will allow the District to continue the activities of Measure A and the start-up and management of Measure G.

The program manager will be responsible for setting up appropriate fiscal and purchasing controls, tasks such as drafting Board documents, creating presentations for the internal and external community, creating a vendor database and outreach program, updating the bond website, writing reports for the Board of Trustees and the citizen’s Bond Measures Oversight Committee, and other interested parties; oversee the creation of, and implement design and sustainability standards; create, review and update the bond spending plan and program schedule, and coordinate the activity of separate campus-based design and construction managers.

Dr. Leigh Sata, Vice Chancellor of General Services at Peralta, said, “We’re thrilled to be partnering with AECOM to provide program management services for Peralta’s bond projects. The AECOM team brings an incredible amount of experience and proven success in delivering complex building projects. They will work in parallel with the existing team at Peralta, allowing the District to accelerate its work on these exciting bond projects.”

A selection committee consisting of faculty, classified staff and administrators from across the District reviewed proposals from seven different firms.  Based on their experience and interviews with the selection committee, AECOM was deemed the most qualified vendor to perform this work.

Studies show that higher education plays a key role in the vitality of a community. The Peralta Colleges strive to be a partner to community, other segments of education, business, government and industry. These bond projects will provide much needed facilities for students and faculty, create jobs for local businesses and workers, and create high quality educational opportunities including pathways to degrees, certifications, transfer, and career technical education for the community.

Filed under: Announcements, Peralta News, Press Release. Tagged: , ,

Barbara Lee Science and Allied Health Center at Merritt College Wins Prestigious Awards

2 December 2016

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The Barbara Lee Science and Allied Health Center is the newest building at Merritt College in Oakland – one of the four colleges of the Peralta Community College District, which includes Berkeley City College, College of Alameda and Laney College, also in Oakland – and is now one of just two buildings named as “Outstanding Project for 2015” by the prestigious Western Council of Construction Consumers during their annual Excellence Awards ceremony that was held on October 27, 2016 at the Lafayette Hotel and Spa.

In announcing Merritt’s award, the Council said that the Barbara Lee Center was “Among the most sophisticated community college learning centers in the U.S., and the most advanced community college science center in California.” The building was also one of the few recipients during the program to receive a “Sustainability Excellence Award” for its LEED Gold Certification.

“I am very pleased that the Barbara Lee Science Center has been recognized with these awards,” said Peralta Colleges Chancellor Jowel C. Laguerre, Ph.D. “It clearly demonstrates what we can do to education our community’s students with the facilities bond funds that the public has generously entrusted to us.”

“We are planning future endeavors and I have every reason to believe those will also win recognition,” the Chancellor added.

On hand to accept the award for the Science and Allied Health Center was Derek Labrecque, Partner, and Shawn Percey, BIM Manager, from JK Architecture – the firm that designed the Center – along with Ted Foor, Larry Cabodi, Sean Burnie and Anna Kennedy from Clark/Sullivan Construction, the firm responsible for the construction of the Center. Also in attendance at the ceremony, and representing the Peralta District, were Chancellor Jowel Laguerre, Ph.D., and Dr. Saddiq Ikharo Vice Chancellor of Facilities, along with Merritt Dean Rosemary Delia and Gary Banks.

After the ceremony, architect Derek LaBrecque talked about the honor of receiving the award. “I’m excited that Merritt’s building was recognized tonight, partly because the essence of this project was built upon the vision of the college and history of the community. And also because of what will be done in this facility to prepare students with the skill sets they need to succeed in the 21st century.”

With over 110,000 square feet of dedicated space for science and technology, the Barbara Lee Health and Science building is the region’s newest epicenter for innovation in science and technology. As part of the Peralta Community College District’s commitment to provide access to the region’s student population, the building will be open all strata of students – concurrent enrollment high school students to life-long learners.

The majority of the four-story building, which was completed on time and within budget, is dedicated to programs in the Sciences and Allied Health, but includes Mathematics and Business Technology as well. The architectural design of the building, and the state-of-the-art equipment, provides something for everyone, enhancing the student learning environment, promoting the growth of the sciences and energizing the campus as a whole.

At various locations throughout the building, there are a number of public common areas for students and faculty to freely interact. These common areas have an open environment within the building to encourage active learning in an environment that is not just limited to the classroom.

The $59 million Barbara Lee Science and Allied Health Center was built with funds from the Measure A Bonds that were voted in place by the Citizens of North Alameda County that constitute the six communities served by the Peralta Community College District – Alameda, Albany, Berkeley, Emeryville, Oakland and Piedmont. According to Vice Chancellor Ikharo, “The construction of the Barbara Lee Science and Allied Health Center demonstrates accountability to tax payers who voted for Measure A Bond Funds and promotes awareness to the greater community of how the bond measures is being spent. Additionally, the success of this building, by way of this prestigious award by an unbiased third party, represents confidence in possible future bond measures for the community.”

Filed under: Announcements, Merritt College, Peralta News. Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Peralta News – Board Spotlight February 17, 2015

19 February 2015

The February 17 meeting of the Peralta Colleges Board of Trustees featured a presentation of the 2014 Student Success Scorecard. This was followed by a report on the Career Technical Education and Workforce Development programs at the Peralta Colleges. And Vice Chancellor Ikharo reported on the drawdown of Measure A Bond Funds. To view the full meeting, please visit: https://web.peralta.edu/trustees/meetings-votelog/

Filed under: Board of Trustees, Board Spotlight, Peralta News. Tagged: , , , , ,

Peralta Matters – Office of General Services, Measure A Bond and the Future of Peralta Colleges Technology

17 March 2012. 0 comments

Peralta Matters is our monthly public affairs talk show, offering unique perspectives on the Peralta Colleges experience. This month, host Jay Calhoun sat down with the the Offices of General Services; Dr. Sadiq Ikharo, Alexis Alexander and Atheria Smith.

Check out this brief re-cap, and watch the full episode on PeraltaTV Tuesdays at 6:30 or Fridays at 12:30 pm.

 (Comcast Channel 27/28 – Alameda, Berkeley, Emeryville, Oakland, Piedmont or AT&T U-Verse Channel 99)

Filed under: Peralta Matters, PeraltaTV. Tagged: , , , , ,

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