OB - 2016-010 - Confirming the Contracts and Expenditures Related to the Rosemead Skate Plaza Project RESOLUTION NO. 2016-10 Ofb
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY TO THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
CONFIRMING THE CONTRACTS AND EXPENDITURES RELATED TO THE
ROSEMEAD SKATE 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 I, 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 was 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 is currently holding $1.1 million.
WHEREAS, the Rosemead Successor Agency will he 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;
NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY
TO THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION HEREBY
RESOLVES:
SECTION 1. The Rosemead Successor Agency Oversight Board confirms that the
vendors and professional firms listed below are qualified and capable to provide materials and
construction services necessary to complete the Rosemead Skate Plaza Project.
SECTION 2. That the contract with the following firms shall not exceed the amounts
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.
TRADE _ FIRM TOTAL BUDGET
Construction PK Construction $ 77,818.20
Additional Allocation PK Construction $ 2,881.80
TOTAL COST: $80,700.00
SECTION 3. Successor Agency staff is directed to submit documents to the Department
of Finance as necessary, including an amended Recognized Obligation Payment Schedule.
SECTION 4. Successor Agency staff is directed to provide 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 15th day of November, 2016
Pit
Chair
ATTEST:
/rdrl
Marc Donohue
Successor Agency City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §
CITY OF ROSEMEAD
I,Marc Donohue, Successor Agency Clerk to the Successor Agency to the Rosemead Community
Development Commission of the City of Rosemead,California,do hereby certify that the foregoing
Oversight Board Resolution, No. 2016-10 OB, was duly adopted by the Oversight Board for the
Successor Agency to the Rosemead Community Development Commission, at a special meeting
thereof held on the 15th day of November, 2016,by the following vote, to wit:
AYES: JONES, MANIS, RUSSELL-CHAVEZ, STORI, SOTELO
NOES: NONE
ABSENT: REDONDO-CHURCH WARD, WALLACH
ABSTAIN: NONE
Marc Donohue, Successor Agency Clerk