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CC - 1978-63 - Consenting to the use of tax increment FundsRESOLUTION NO. 78-63 • A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINA- TIONS, PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445, WITH RESPECT TO THE INSTALLATION OF CERTAIN PUBLIC IMPROVEMENTS FOR THE BENEFIT OF ROSEMEAD REDEVELOPMENT 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 within Rosemead Redevelopment Project Area No. 1, certain public improvements and facilities as described on Attachment A to Rosemead Redevelopment Agency Resolution No. 78-50, the construc- tion of which will improve the quality of recreational facilities within 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 78-50, and the Exhibits A, B and C, incorporated by reference therein, which describe the location, nature, costs and benefits of such improvements; and WHEREAS, the City Council has considered the im- provements, 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 Attachment A to RRA Resolution 78-5o, all being within the Rosemead Redevelopment Project No. 1, are of benefit to the Rosemead Redevelopment Project Area No. 1. 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 Attachment A to RRA Resolution 78-50. SECTION 3. The Findings and Determinations set forth in Sectionsan-d_T hereof are based upon the staff report, attached to RRA Resolution 78-50 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 incorporated 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 78-50. SECTION 5. All itemized improvements or portions of any improvements as described in.Exhibit A to RRA Resolution 78-50 are severable one from another, and if any itemized ti ~ ;7f, r 4. ~2 improvement or portion of an improvement shall be declared void or otherwise invalid, such determination shall affect only the individual improvement, and the remaining improvements, and other provisions of RRA Resolution 78-50 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 Agreement is attached'to RRA Resolution No. 78-50 as Exhibit C, and the Executive Director of the Agency is hereby authorized to take all necessary steps to bring the enumerated improvements into being. PASSED, APPROVED and ADOPTED this 14thday of November 1978. 'Mayor f the City of Rosemead ATTEST: City Cle t 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 14 day of November , 1978, and the same was passed and adopted by the following vote: AYES: Councilmen Imperial, Cichy, and,Tury NOES: Mayor Taylor ABSENT: Councilman Hunter ABSTAIN: None ELLEN OOCHIGIAN, ity Clerk -2-