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OB - 2015-0003 - Confirming the Selection of Various Vendors for The Zapopan Park Improvement ProjectRESOLUTION: 2015 -0003 A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION CONFIRMING THE SELECTION OF VARIOUS VENDORS FOR THE ZAPOPAN PARK IMPROVEMENT PROJECT WHEREAS, the Rosemead Successor Agency received the Finding of Completion on April 18, 2013 from the Department of Finance; and WHEREAS, the Finding 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 the following award of contracts to the following vendors for the Zapopan Park Improvement Project: a. CEJ Engineers - $22,000.00 The contracts with this vendors will not exceed the price listed above. If any contract amendments are required in excess of these amounts, all such changes shall be brought back to the Oversight Board for review. 3. Successor Agency staff is directed to submit documents to the Department of Finance as necessary, including an amended Recognized Obligation Payment Schedule. 4. 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 9th day of February 2015. ?r 41- � Chairperson ATTEST: y Matthe r E. Hak4k6sworth Successor Agency Staff Assistant City Manager I HEREBY CERTIFY that the above and foregoing resolution was duly passed and adopted by the Oversight Board for the Successor Agency to the Rosemead Community Development Commission at its special meeting held on the 9th day of February 2015, by the following vote, to wit: AYES: Allred, Jones, Redondo - Churchward, Lash NOES: None ABSENT: Miller, Sotelo, Wallach ABSTAINED: None Matthew E. Ha kesworth Successor Agency Staff Assistant City Manager