OB - Agenda - 11-16-16ROSEMEAD OVERSIGHT BOARD
FOR THE SUCCESSOR AGENCY TO THE ROSEMEAD
COMMUNITY DEVELOPMENT COMMISSION
SPECIAL MEETING AGENDA
City Hall Council Chamber
8838 East Valley Boulevard
Rosemead, CA 91770
`vww. cityofrosemead.org
Tuesday, November 15, 2016, at 4:00 P.M.
Oversight Board
Pat Wallach, Chair
Dalila Sotelo, Vice -Chair
Martin Jones, Board Member
Bill R. Manis, Board Member
Irene Redondo- Churchward, Board Member
Joanne - Russell Chavez, Board Member
Richard Storti, Board Member
ROSEME'AD
Public Comment from the Audience
• If you wish to address the City Council, please complete a Speaker Request Card, as it must be handed to the City Clerk before the start of the meeting.
• The City Council will hear public comments on matters not listed on the agenda during the Public Comments from the Audience period.
• Opportunity to address the City Council (on non - agenda items) is limited to 3 minutes per speaker.
• The City Council 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 City Council may direct staff to investigate and /or schedule certain matters for consideration at a future City Council 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 removedfrom 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.
Any writings or documents provided to a majority of the Rosemead City Council regarding any item on this agenda will be made available far public inspection in the City
Clerk's office during normal business hours.
Oversight Board Special Meeting Agenda November 15, 2016
CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE — Board Member Manis
1. PUBLIC COMMENT
2. CONSENT CALENDAR
A. Oversight Board Minutes
Recommendation: That the Oversight Board approve the minutes from the regular
meeting on August 29, 2016.
3. MATTERS FROM STAFF OF THE ROSEMEAD SUCCESSOR AGENCY
A. Successor Agency Resolution # 2016 -19 SA Confirming the Issuance of 2016
Tax Allocation Refunding Bonds and Approving Preliminary and Final Official
Statement and a Purchase Contract Relating Thereto, and Providing for other
Matters Properly Relating Thereto
On July 12, 2016, the Successor Agency directed staff to move forward with
refinancing the Series 2006A Bond and Series 2006B Bond and approved by the
financing team. Since then, the Successor Agency (August 23), Oversight Board
(August 29), and DOF (October 14) have all approved the issuance of the
Refunding Bonds.
As Oversight Board to the Successor Agency, staff brings this item to the Board
as an informational item only. Resolution No. 2016 -19 SA, was approved by the
Successor Agency on November 8, 2016, which confirmed the issuance of 2016
tax allocation refunding bonds and approved the Preliminary and Final Official
Statements and the Purchase Contract related to the Bond refinancing. The next
step in the process is to receive the bond rating and sell the bonds. Please find
Resolution No. 2016 -19 SA attached.
Recommendation: That the Oversight Board receive and file.
B. Rosemead Skate Park Plaza Project
The July 2010 bond issuance by the former Redevelopment Agency (RDA),
included a project to complete a number of improvements and upgrades to
facilities at Rosemead Park. These improvements included basketball courts, turf
and landscape, and a skate plaza. On March 22, 2016, the City Council awarded
the construction contract to PK Construction for the Rosemead Skate Plaza
Project for $381,999, plus 15% contingencies of $57,301, for a total of $439,300.
The action recommended for this agenda item will provide additional funding for
the construction of the skate plaza facility at Rosemead Park.
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Oversight Board Special Meeting Agenda November 15, 2016
Recommendation: That the Oversight Board approve Resolution 2016 -10,
approving the allocation of an additional $77,818.20 to PK Construction for
construction and $2,881.80 for additional construction inspection for a total of
$80,700 in Redevelopment Bond Funds for the completion of this project.
4. OLD BUSINESS
5. NEW BUSINESS
6. ADJOURNMENT
The next regular Oversight Board meeting is scheduled to take place on December 12,
2016, at 5:30 p.m. in the Rosemead City Hall Council Chamber.
I, Marc Donohue, Successor Agency Clerk, or my designee, hereby certify that a true and
correct, accurate copy of the foregoing agenda was posted seventy -two hours prior to the
meeting, per Government Code 54954.2, at the following locations: City Hall, 8838 East Valley
Boulevard; Rosemead Community Recreation Center, 3936 N. Muscatel Avenue; Garvey
Community Center, 9108 Garvey Avenue; Public Safety Center, 8301 Garvey Avenue; United
States Post Office, 8845 Valley Boulevard; Rosemead Library, 8800 Valley Boulevard; and on
the City's website (www_cit ofrosemead
f ' J� j G
Marc Donohue, r Agency Clerk at
Oversight Board Special Meeting Agenda November 15, 2016