OB - Item 2A - Minutes of Special Meeting 11-15-16 ACTION MINUTES OF THE
OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY TO THE ROSEMEAD COMMUNITY
DEVELOPMENT COMMISSION SPECIAL MEETING
November 15,2016
The Special meeting of the Oversight Board for the Successor Agency to the Rosemead
Community Development Commission was called to order by Vice-Chair Sotelo at 4:02 p.m. in
the Rosemead City Council Chamber located at 8838 East Valley Boulevard, Rosemead,
California.
PLEDGE OF ALLEGIANCE was led by Board Member Manis
PRESENT: Vice-Chair Sotelo, Board Members Jones, Manis, Russell-Chavez and Storti
ABSENT: Chair Wallach and Board Member Redondo-Churchward
STAFF PRESENT: Finance Director Chu. City Engineer Fajardo, and City Clerk Donohue
1. PUBLIC COMMENTS FROM THE AUDIENCE - None
2. CONSENT CALENDAR
A. Approval of Minutes
• Minutes of August 29, 2016
Recommendation: Approve the Minutes of August 29, 2016
ACTION: Moved by Board Member Russell-Chavez and seconded by Board
Member Storti to approve the Minutes of August 29, 2016. The motion
unanimously carried by the following roll call vote: AYES: Jones, Manis, Russell-
Chavez. Storti; ABSTAIN: Sotelo and ABSENT: Redondo-Churchward,
Wallach
3. MATTERS FROM STAFF OF THE ROSEMEAD SUCCESSOR AGENCY
A. 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
Recommendation: That the Oversight Board Receive and File Resolution No.
2016-19 SA
Rosemead Oversight Board Special Meeting
Minutes of November 15, 2016
Page loft
ITEM NO. 2.A
Finance Director Chu reviewed details regarding the remaining steps to sell the
bonds.
Vice-Chair Sotelo requested that staff report after the sale of the bonds.
Board Members received and filed Resolution No. 2016-19 SA
B. Rosemead Skate Plaza Project
Recommendation: That the Oversight Board approve Resolution 2016-010,
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.
City Engineer Fajardo provided a brief overview of the project and explained the
extra funding request by staff.
Board Member Manis clarified the request of extra funding is to install an eight foot
rod iron fence around the skate plaza in hopes to deter any vandalism.
ACTION: Moved by Board Member Russell-Chavez and seconded by Board
Member Storti to approve Resolution 2016-010. The motion unanimously carried
by the following roll call vote: AYES: Jones, Manis, Russell-Chavez, Sotelo,
Storti and ABSENT: Redondo-Churchward,Wallach
4. OLD BUSINESS -None
5. NEW BUSINESS -None
6. ADJOURNMENT
The meeting adjourned at 4:46 p.m. The next regular Rosemead Oversight Board
meeting is scheduled to take place on Monday. December 12, 2016, at 5:30 p.m.
Marc Donohue, City Clerk
Pat Wallach, Chair
Rosemead Oversight Board Special Meeting
Minutes of November 15, 2016
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