The seven members of the Citizens Bond Oversight Committee — which will monitor how a $270 million bond is spent for local school facilities upgrades — said this week that they will focus on creating a transparent and efficient process.
“In tough economic times, when you are realizing such a large amount of money, there is not much room for error,” said David Gevorkyan, who at 28 years old is the youngest of the group. “There is not much room for compromise because even 1% of that money can make a difference of $2.7 million.”
The committee was assembled last month following a vetting process that attracted more than 50 applicants, Glendale Unified officials said. State law requires that the group reflect a cross section of the community, including a representative of an active business organization, a senior citizen’s group and a bona fide taxpayers association.