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Citizens Bond Oversight Committee & Continuing Disclosure

MarinHealth Medical Center

Electronic Municipal Market Access

The District’s bond covenants require the annual publication of a Continuing Disclosure document which includes:

1. The audited financial statements of the District for the prior fiscal year and
2. Assessed value of taxable property in the District as shown on the recent equalized assessment role and
3. A list of the top 20 property taxpayers in the District for the then current fiscal year.

The Continuing Disclosure is to be filed by October 1 of each year with the Municipal Securities Rulemaking Board through its Electronic Municipal Market Access System.

At the end of 2015, the Marin Healthcare District Board of Directors appointed six community members to its Citizens Bond Oversight Committee. This committee monitors the use of funds from the Measure F General Obligation Bond that are being used to finance Marin General Hospital’s new hospital replacement project.

During their term, committee members represent, advocate and promote the interest of District taxpayers and keep the public informed about how Measure F funds are being allocated and spent. Meetings are held quarterly for the duration of the project - approximately four years. Each committee member serves for a term of two years and does not receive compensation. Committee members are not on the Hospital, District, or Foundation Board of Directors or on any other related committee. For more information about the purpose and duties of the committee, download the Citizens Bond Oversight Committee Charter.

Meetings & Materials

  • Bond Financing 101: For more in-depth information on how the bond process works to support the new hospital, click here.
  • Public Meetings: Visit the public meetings section of our website for location information and materials related to the Citizens Bond Oversight Committee.

Chief Financial Officer's Annual Report

Citizens Bond Oversight Committee Annual Report

Meet the Committee

Leslie Lava, Chair

Attorney at Law
Leslie M. Lava is an attorney who specializes in the area of municipal finance. She has played the lead role on over 375 financings aggregating in excess of $55 billion in principal amount on a wide variety of projects over the past 35 years.

Ms. Lava received her Bachelor of Arts degree, magna cum laude, from Vanderbilt University and her Juris Doctor degree, with honors, from the University of Florida College of Law. She is a volunteer with the recreation and educations departments at San Quentin State Prison and with the SHARE program at Marin Humane Society. Leslie is also an active agility competitor with her canine superstars, Tigger (now retired) and Rosie.

Steven Dely

Steve Dely retired from Grumman Corporation, an aerospace, engineering and manufacturing company, as Senior Corporate Officer responsible for the company’s legal, human resource, public affairs, and other administrative departments. Prior to joining Grumman, he served as a Captain in the Army’s Military Police Corps after his graduation from City College of New York and Brooklyn Law School. Mr. Dely was admitted to the practice of law in New York State, the United States District Court (Southern and Eastern Districts), and the United States Supreme Court.

Mr. Dely has served on the Board of Directors of not-for-profit organizations including the Family Service League, headquartered in Huntington, NY where his service included two years as Chairman of its Strategic Planning Committee. He was also an active member of his County Bar Association where he chaired its Alternative Dispute Resolution Committee and performed pro bono service as a fee dispute arbitrator

Mr. Dely completed the Harvard Graduate School of Business Administration’s Program for Management Development and served on President Reagan’s Private Sector Survey on Cost Control in Washington, D.C.


George J. (Chip) Feiss, III

Chip is an investor. He is the founder of M2 Inc., a boutique investment advisory firm and Blue Diamond Capital, a trading company. His work as a frontier markets investor was profiled in a Wall Street Journal article. He served as the CEO of Vivid Image Technology through its acquisition by a division of Canon Inc. in Tokyo.

Chip was a Senior Fellow at Harvard University's Kennedy School of Government's Center for Business and Government working on impact investing based economic development projects all over the world. He has served on numerous boards and is currently on the board of Zen Hospice in San Francisco.

Jonathan Frieman

Community Activist
A committed community activist in Marin for over 20 years, Jonathan Frieman is an experienced philanthropist and has traveled the world on site visits for the Threshold, Piton, and JoMiJo Foundations. He served as the mediator for the lawsuit brought by the Albert Park neighborhood against the City of San Rafael and the San Rafael Pacifics. He also helped raised funds for Marin Clean Energy. Additionally, Jonathan helped lead the fight against the entry of Target Stores into San Rafael and now sits on the Target Fund helping disburse funds from that settlement. Now Treasurer of San Rafael’s Business Improvement District, he serves on the Advisory Board of the San Rafael Pacifics and as a trustee of the Marin County Law Library.

As a past member of Ritter Center’s Board, he helped negotiate their current use permit, and helped Ritter become a Federally Qualified Health Center (FQHC). As past president of the board of the Marin City Health and Wellness Center, he helped them gain FQHC status. He also worked for passage of the bond election for the new hospital and twice ran for the board of the Marin Healthcare District. He earned his law degree at San Fran