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OB - 2014-0002 - Award of Contract and Related Support Cost for the Rosemead Park Improvement Project basketball CourtsRESOLUTION NO. 2014 -0002 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 WHEREAS, THE Rosemead Successor Agency received the Finding of Completion on April 18, 2013 from the Department of Finance; and WHEREAS, the Finding of Completion states that the Rosemead Successor Agency may utilize proceeds derived from bonds issued prior to January 1, 2011 in a manner consistent with the original bond covenants per Health and Safety Code section 34191.4(c); and WHEREAS, the Rosemead Successor Agency is holding approximately $7.1 million in bond proceeds derived from bonds issued prior to January 1, 2011 for Capital Improvement Projects identified in the bond covenants; and WHEREAS, the Rosemead Successor Agency will be required to provide oversight of the completion of the Capital Improvement Projects to ensure compliance with the bond covenants; and WHEREAS, the approved Capital Improvement Projects have been included on each Recognized Obligation Payment Schedule filed by the Rosemead Successor Agency; and NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION HEREBY RESOLVES: 1. The Rosemead Successor Agency Oversight Board confirms that P.K. Construction is the lowest responsible bidder and confirms any decision by the City Council to award a contract for the construction of the Rosemead Park Basketball Courts Improvement Project. 2. That the contract with P.K. Construction shall not exceed the price of the bid plus fifteen (15) percent. If any contract amendments are required in excess of this amount, then all such changes shall be brought back to the Oversight Board for review and approval. 3. The Rosemead Successor Agency Oversight Board confirms that the contractor listed below is qualified and capable to provide project support services during the construction of the Rosemead Park Basketball Courts Improvement Project. 4. That the contract with the following firm shall not exceed the amount listed in the table below. If any contract amendments are required, all such changes shall be brought back to the Oversight Board for review and approval. Further, that staff time in direct relation to the construction of the public plaza is authorized and shall not exceed the amount listed below. Trade Firm Total Budget Civil Engineering Project Management CEJ Engineering $ 11,700.00 City Staff Project Administration N/A $ 5,500.00 Total Cost $ 17,200.00 % of Construction 14.67% 5. Successor Agency staff is directed to submit documents to the Department of Finance as necessary. 6. Successor Agency staff is directed to provide a copy of this Resolution to the County Auditor - Controller, the State Controller's Office and the,State Department of Finance. PASSED, APPROVED AND ADOPTED THIS 19th DAY OF February, 2014. ATTEST: Paf Wallach _` Chair M.4 4-° Matthe Hawk sworth Successor Agency Staff HEREBY CERTIFY that the above foregoing resolution was duly passed and adopted by the Oversight Board for the Successor Agency to the Rosemead Community Development Commission at its regular meeting on the 19 day of February 2014, by the following vote, to wit: Ayes: Allred, Jones, Redo ndo- Churchward, Sotelo, Noes: None Absent: Lash, Miller, Wallach Abstained: None r Math w E. Ha kesworth Successor Agency Staff Assistant City Manager