SBCC to Issue Second Series of Bonds

Santa Barbara City College is preparing to issue a second series of voter-approved Measure V bonds. According to a timeline presented at last week’s study session by issuer RBC Capital Markets, the transaction — which would raise $15 million for the college — should be completed by the end of April. The money will be used to complete renovations of the Humanities Building and to continue construction of the West Campus Classroom and Offices Building. The board will vote on a resolution to go forward on February 28.