OB - 2015-0004 - Confirming the Award of Contracts and Related Support Costs for the Downtown Plaza ProjectRESOLUTION NO. 2015 -0004
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY
TO THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION CONFIRMING
THE AWARD OF CONTRACTS AND RELATED SUPPORT COSTS FOR THE
DOWNTOWN PLAZA PROJECT
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
WHEREAS, the Oversight Board of the Rosemead Successor Agency previously
adopted Resolution 2013 -0006 on June 12, 2013 confirming the project and a contract
with E.C. Construction, related project management, and staffing.
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 additional use of
$161,775.24 of 2010 Tax Increment Bonds for change orders and related
expenditures related to the Downtown Public Plaza Project.
E.C. Construction Orders $67,310.27
Project Inspections $36,148.00
Fence Enclosure $6,510.00
Monument Refurbishment $20,800.00
Water Meter $23,600.00
City Hall Door Removal $3,307.50
Supplemental Landscape Work $2,869.00
Skateboard Deterrents $1,230.47
Total $161,775.24
2. Successor Agency staff is directed to submit documents to the Department of
Finance as necessary.
3. 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 9t" day of February, 2015.
aV�j7
Wallach
Chair
ATTEST:
Matthew H wkeswdfth
Successor Agency Staff
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
Malt he E. Haikkesworth
Successor Agency Staff
Assistant City Manager