CC - 1978-62 - Consenting to the use of Tax Increment fundsRESOLUTION NO. 78- 62
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETER-
MINATIONS, PURSUANT TO HEALTH AND SAFETY CODE
SECTION 33445, WITH RESPECT TO THE INSTALLATION
OF CERTAIN PUBLIC IMPROVEMENTS ON SAN GABRIEL
BOULEVARD FOR THE BENEFIT OF ROSEMEAD REDEVE-
LOPMENT PROJECT NO. 1, CONSENTING TO THE USE
OF TAX INCREMENT FUNDS AND AUTHORIZING THE
MAYOR TO SIGN AN AGREEMENT FOR COOPERATION
BETWEEN THE AGENCY AND THE CITY OF ROSEMEAD.
THE CITY COUNCIL OF THE CITY OF ROSEMEAD DOES RESOLVE:
WHEREAS, the City desires that there be constructed
certain public improvements and facilities as described on
Exhibits Al and A2 hereof, and the construction of which
will improve the quality of the street surface traffic flow
and pedestrian safety on San Gabriel Boulevard as it enters
the project area, as well as the use and aesthetic quality
of the entire project area and the immediate neighborhood of
which the project is ,a part; and
WHEREAS, the City Council has received and reviewed
RRA Resolution 78-49 , the Exhibits Al, A2, B and C, in-
corporated by reference herein, which describe the location,
nature, costs and benefits of such improvement, and has con-
sidered the improvements, costs and benefits at its meeting
of November 14,1978;
NOW, THEREFORE, BE IT RESOLVED THAT:
SECTION 1. The City Council hereby finds and deter-
mines, pursuant to Health and Safety Code Section 33445, that
the improvements, facilities, and structures described in
Exhibits Al and A2 to RRA Resolution 78-49 , all being with-
in the Rosemead Redevelopment Project No. 1 or within the im-
mediate neighborhood of which it is a part, are of benefit to
the Rosemead Redevelopment Project Area No. 1 or are of benefit
to the immediate neighborhood of which the project is a part.
SECTION 2. The City Council hereby finds and deter-
mines that no other funds are reasonably available for the im-
provement and construction of the facilities, improvements and
structures described in Exhibit A to RRA Resolution 78-49 .
SECTION 3. The Findings and Determinations set forth
in Section amend-2-hereof are based upon the staff report, at-
tached to RRA Resolution 78-49 as Exhibit B, and such other
documents, comments and information as were received by the
City Council at its meeting of November 14 , 1978. All of
said Exhibits, documents, comments and information are in-
corporated by reference herein as if fully set forth.
SECTION 4. The City Council hereby consents to
the expenditure of tax increment funds for the improvements
and purposes set forth in RRA Resolution 78- 49 . Such ex-
penditures not to exceed the amount of $460,000.00 and subject
to the availability of such funds from the commitment to retire
prior authorized indebtedness of the Agency.
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P~ SECTION 5. All itemized improvements or portions of
any improvements as described in Exhibits Al and A2 to RRA
Resolution 78-49 , are severable one from another, and if any
itemized improvement or portion of an im_urovement shall be
declared void or otherwise invalid, such determination shall
affect only the individual improvement. The remaining improve-
ments, and other provisions of RRA Resolution 78-49 shall Be
unaffected thereby.
SECTION 6. The Mayor is hereby authorized to sign
that certain AGREEMENT FOR COOPERATION BETWEEN THE CITY OF
ROSEMEAD AND THE ROSEMEAD REDEVELOPMENT AGENCY, which Agree-
ment is attached to RRA Resolution No. 78-49 as Exhibit C,
and the Executive Director of the Agency is hereby authorized
to take all necessary steps to bring the enumerated improve-
ments into being.
PASSED, APPROVED and ADOPTED this 14thday of November , 1978.
Mayor o t e City Rosemead
ATTEST:
D ~ ~C1Lr~Glc~tiG✓
City C er c
STATE OF CALIFORNIA ) SS.
COUNTY OF LOS ANGELES )
I, Ellen Poochigian, City Clerk of the City of
Rosemead, do hereby certify that the foregoing Resolution
was duly adopted by the City Council at a regular meeting of
the City Council held on the 14th day of November , 1978,
and the same was passed and adopted by the following vote:
AYES: Councilmen Imperial, Cichy & Tury
NOES: Mayor Taylor
ABSENT: Councilman Hunter
ABSTAIN: None
ELLEN Q H GIAN, Pity C er
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