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OB - Agenda - 02-019-14Public Comment from the Audience • If you wish to address the Oversight Board, please complete a Speaker Request Card, as it must be handed to the City Clerk before the start of the meeting. • The Board will hear public comments on matters not listed on the agenda during the Public Comments from the Audience period. • Opportunity to address the Board (on non - agenda items) is limited to 3 minutes per speaker. • The Board will hear public comments on items listed on the agenda during discussion of the matter and prior to a vote. Brown Act Pursuant to provisions of the Brown Act, no action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The Board may direct staff to investigate and/or schedule certain matters for consideration at a future Board meeting. Rules of Decorum Persons attending the meeting shall observe rules of propriety, decorum, good conduct, and refrain from impertinent or slanderous remarks. Violation of this rule shall result in such persons being barred from further audience before the governing body. Pursuant to Gov. Code Sect. 54954.3(c), any person who engages in unlawful interference shall be removed from chambers. Americans with Disabilities Act In compliance with the ADA, if you need special assistance to participate in this meeting, please contact the City Clerk's office at least 48 hours prior to the meeting to allow the City to make reasonable arrangements to ensure accessibility to the meeting or service. This agenda was posted 72 hours in advance of the meeting at the City Hall, 8838 E. Valley Boulevard, Rosemead; the L.A. County Library, Rosemead Branch, 8800 E. Valley Boulevard, Rosemead; and other locations pursuant to RMC Sec. 1.08.020. Any writings or documents provided to a majority of the Rosemead Oversight Board regarding any item on this agenda will be made available for public inspection in the City Clerk's office during normal business hours. Rosemead Oversight Board for the Successor Agency to the Rosemead Community Development Commission MEETING AGENDA February 19, 2014 5:00 PM City Hall Council Chamber 8838 E. Valley Boulevard Rosemead, CA 91770 www.cityofrosemead.org Jeff Allred, Board Member Marty Jones, Board Member Robert Miller, Board Member Irene Redondo - Churchward, Board Member Dalila Sotelo, Board Member Pat Wallach, Chair Nicole Lash, Vice -Chair ROSEMEAD OVERSIGHT BOARD SPECIAL MEETING AGENDA February 19, 2014 Oversight Board Special Meeting Agenda • CALL TO ORDER— 5:00 PM • PLEDGE OF ALLEGIANCE —Chair Wallach • ROLL CALL: Chair Wallach, Vice -Chair Lash, Board Members Allred, Jones, Miller, Redondo - Churchward, Sotelo 1. PUBLIC COMMENTS FROM THE AUDIENCE The Oversight Board will receive public comments on matters not listed on the agenda. 2. CONSENT CALENDAR A. Minutes November 20, 2013 — Regular Meeting 3. MATTERS FROM STAFF OF THE ROSEMEAD SUCCESSOR AGENCY A. ROPS Submittal — July through December 2014 The Department of Finance (DOF) requires the Recognized Obligation Payment Schedule (ROPS) for the July through December 2014 be submitted by March 1, 2014. As with every previous ROPS, the layout and format of the schedules has been modified, and the schedules may look slightly different. The ROPS document now includes a summary page, a cash balance page, a schedule for the current ROPS period, a reconciliation page of prior ROPS periods, and a notes page. The Cash Balance page replaced the previous Fund Balance page to better reflect the nature of the report being focused on cash and not fund balance. As the Board may note in Column H for the worksheet, the Successor Agency under spent its allocation in the 2013 - 14A period by $30,651 due to a lower than anticipated transfer to the Housing Corporation and a lower debt service payment thanks to interest earnings in the bond reserve fund. The Board may also note that despite excess property tax allocation ( RPTTF) in the ROPS period, the Successor Agency is still owed RPTTF from prior ROPS periods in which it did not receive full funding. A request for reimbursement is included in this ROPS and staff hopes to be able to work with the DOF to reconcile these amounts. Page 2 of 4 ROSEMEAD OVERSIGHT BOARD SPECIAL MEETING AGENDA February 19, 2014 Recommendation: That the Oversight Board approve the Oversight Board Resolution 2014 -0001, entitled: A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULES FOR THE PERIOD OF JULY 1, 2014 THROUGH DECEMBER 21, 2014 B. Rosemead Park Improvements Project — Basketball Courts As part of the July 2010 tax increment bond issuance by the former Redevelopment Agency, the City included funding for a project to renovate and improve portions of Rosemead Park and its amenities. The project identifies several elements of Rosemead Park that need improvement, including playground equipment, the north parking lot, court lighting, and the basketball courts. At this time, bids have been solicited to improve the basketball courts, which are a popular park amenity for the community. The existing court surface is in dire need of replacement, with portions of the concrete surface that are cracked and uneven. In addition to replacing the basketball court, the project will include the replacement of basketball hoops and the creation of a seat wall on the east side of the courts in order to create a spectator friendly seating area. Funding for this project is provided through bond proceeds from the former Redevelopment Agency. Recommendation: That the Oversight Board approve the Oversight Board Resolution 2014 -0002, entitled: A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION CONFIRMING THE AWARD OF CONTRACT AND RELATED SUPPORT COSTS FOR THE ROSEMEAD PARK IMPROVEMENTS PROJECT — BASKETBALL COURTS C. Rosemead Community Recreation Center Improvements — Furniture, Fixtures, and Equipment As part of the July 2010 tax increment bond issuance by the former Redevelopment Agency, the City included funding for a project to renovate and expand the Rosemead Community Recreation Center (RCRC). The existing facility was built in 1975 and is approximately 17,000 square feet in size. RCRC serves as a major community recreation facility that houses senior programs, recreation classes, special functions, and community events. Page 3 of 4 ROSEMEAD OVERSIGHT BOARD SPECIAL MEETING AGENDA February 19, 2014 Renovation on the RCRC facility progressed in several phases that initiated in the spring of 2012. Since this time, a portion of the design and construction has been completed, including the replacement of roof materials, heating /cooling systems, and interior renovations. The final phase of the facility modernization includes the construction of a 3,000 square foot annex and renovation of the exterior of the existing building. It is expected that this work will begin in the spring of 2014. With the recent completion of the interior renovations at the existing facility, a package of furniture, fixtures and equipment has been selected to complete the interior portions of the building. Funding for these materials were included as part of the 2010 bond issuance by the former Redevelopment Agency. Recommendation: That the Oversight Board approve the Oversight Board Resolution 2014 -0003, entitled: A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION CONFIRMING THE AWARD OF CONTRACT FOR FURNITURE, FIXTURES AND EQUIPMENT FOR THE ROSEMEAD COMMUNITY RECREATION CENTER IMPROVEMENT PROJECT 4. ADJOURNMENT The next regular Rosemead Oversight Board meeting is scheduled to take place on Wednesday, March 19, 2014 at 5:00 p.m. Page 4 of 4