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OB - Item 2A - Minutes of February 9, 2015Minutes of the Oversight Board for the Successor Agency to the Rosemead Community Development Commission Meeting February 9, 2015 The regular meeting of the Oversight Board for the Successor Agency to the Rosemead Community Development Commission was called to order by Chair Wallach at 5:31 p.m. in the Rosemead City Council Chamber located at 8838 East Valley Boulevard, Rosemead, California. PLEDGE OF ALLEGIANCE: Board Member Jones PRESENT: Chair Wallach, Board Members Allred, Jones, ABSENT: Vice -Chair Lash, Board Members Sotelo and Miller STAFF PRESENT: Assistant City Manager /Acting Clerk/Director of Communications 1. PUBLIC COMMENTS FROM THE 2. CONSENT CALENDAR A. Minutes Board Member Martin J approve the minutes of Yes: Afire No: None Absent: L 3. MATTERS FROM STAFF None in: Hawkesworth, Member Redondo - Churchward to Wallach ROSEMEAD SUCCESSOR AGENCY — June through December 2015 The Department of Finance (DOF) requires the Recognized Obligation Payment Schedule (ROPS) for the January through December 2015 be submitted by March 3, 2015. The ROPS document 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. As the Board may note in Column H of the `Report of Cash Balances" worksheet, the Successor Agency under spent its allocation in the 2014 -15B period by $46,556 due to a lower than anticipated transfer to the Housing Corporation, and a reduction in Administrative Cost Allowance expenditures. This represents the only adjustments for the ROPS. Rosemead Oversight Board Meeting Minutes of February 9, 2015 Page 1 of Item Number: Recommendation: That the Oversight Board approve the Oversight Board Resolution 2015 -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, 2015 THROUGH 2015 Assistant City Manager /Acting Public Works Director Hawkesworth Board Member Redondo - Churchward made a motion, approve Oversight Board Resolution 2015 -0001. Vote Yes: Allred, Jones, Redondo No: None Absent: Lash, Sotelo, Miller Abstain: None B. Review of Expenditures — As part of July 2010 tax incremen City included fupding for a project The bond issuance = included appr( and $750,000.00 for to 31, staff report. Jeff Allred to e former Redevelopment Agency, the ove the facilities at Rosemead Park. 0 for miscellaneous park for a total of $1,030,000,00. Extensive improvements'have been completed at the park at this time, including the replacement of the playground equipment on the north playground, construction of the new basketball courts, and misceljaneouswork and improvements to the surrounding areas. As is common-with construction projects, `additional elements and expenses have been added to this project as it was in progress. Included in this report is a summary of all project expenses to date and a request for confirmation of the expenses that were not previously presented to the Oversight Board. That the Oversight Board approve the Oversight Board Resolution )N OF THE OVERSIGHT BOARD FOR THE AGENCY TO THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION CONFIRMING THE AWARD OF CONTRACTS AND RELATED SUPPORT COST FOR THE ROSEMEAD PARK IMPROVEMENTS PROJECT — BASKETBALL COURTS Acting Public Works Manager Sullivan reviewed the staff report. Rosemead Oversight Board Meeting Minutes of February 9, 2015 Page 2 of 4 Board Member Jeff Allred made a motion, seconded by Board Member Martin Jones to approve Oversight Board Resolution 2015.0002. Vote resulted in: Yes: Allred, Jones, Redondo - Churchward, Wallach No: None Absent: Lash, Sotelo, Miller Abstain: None C. Review of Designation Services — Zapopan Park Improvements Project As part of July 2010 tax increment bond issuance by the'former Redevelopment Agency, the City included funding for a project to renovate and improve the facilities at Zapopan Park. The bond issuance included approximately $1,050,000.00 for miscellaneous improvements to Zapopan Park, including new play equipment for the southern playground, expansion of the parking lot, replacement of the existing basketball courts and restrooms, and the installation of a walking trail. Zapopan Park is located along an electrical transmission corridor belonging to the Southern California Edison Company (SCE) and the City has a long term license agreement for its utilization as park space. The approval process for the park improvements must clear both SCE and the California Public Utilities Commission for approval prior to construction. At this time, the city has undertaken preliminary survey and design work to begin pushing the project through the proper approval channels. Recommendation: That the 2015 -0003, entitled: Board Resolution OF THE OVERSIGHT BOARD FOR THE ENCY TO THE;:ROSEMEAD COMMUNITY COMMISSION CONFIRMING THE JARIOUS VENDORS FOR THE ZAPOPAN iii Hawkesworth reviewed the staff report. Board M approve Yes No: Abstain: None made a motion, seconded by Board Member Martin Jones to 2015.0003. Vote resulted in: Redondo- Churchward, Wallach Sotelo, Miller Rosemead Oversight Board Meeting Minutes of February 9, 2015 Page 3 of 4 D. Review of Expenditures — Downtown Plaza Project As part of July 2010 tax increment bond issuance by the former Redevelopment Agency, the City included funding for the "Rosemead Downtown Plaza Project," which improved the space between City Hall and the Library and created a public space in the downtown area. The project, which included new, decorative hardscape, new trees and landscaping, as well as multiple water features is now complete. As is common with construction projects, additional elements and expenses have been added to this project as it was in progress. Included in this report is a summary and a request for confirmation of all project expenses that were not previously presented to the Oversight Board., Recommendation: That the Oversight Board 2015 -0004, entitled: A RESOLUTION OF THE OV SUCCESSOR AGENCY TO I DEVELOPMENT COMMISSION CONTRACTS AND RELATED DOWNTOWN PLAZA PROJECT Acting Public Works Manager Sullivan Assistant City Manager /Acting Public Works Dire resolution referencing number 2016, -0006, which Board Member Jeff Allred/m: approve Oversight Bbard Yes: Allred, J No: None Absent: Cash Abstain: Non 4. ADJOURNMENT The meeting adjourned at 5:57 take place on Monday; March a' ATTEST: Matt Hawkesworth Successor Agency Staff Assistant City Manager Rosemead Oversight Board Meeting Minutes of February 9, 2015 Page 4 of 4 AWARD OF FOR THE there was a correction to the ided by Board Member Irene - Redondo Churchward to with amendment correction. Vote resulted in: ht Board Resolution Wallach The next regular Rosemead Oversight Board meeting is scheduled to 5 at 5:30 p.m. Pat Wallach Chair