CDC - Item 3 - Street Improvment on San Gabriel Blvd.naTF (a&,e/O3
NAME
YES
NO
ABSTAIN ABSENT MOTION SECOND
ALARCON
CLARK
IMPERIAL
TAYLOR
VASQUEZ
^y a._
Agenda Item No. Kura. No. ~
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Title: (l h G C.cVlr~ y4l
RESOLUTION NO. 2003- 13
A RESOLUTION OF THE ROSEMEAD COMMUNITY DEVELOPMENT
COMMISSION MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH
RESPECT TO COMMUNITY DEVELOPMENT COMMISSION PAYMENT FOR
COSTS ASSOCIATED WITH STREET IMPROVEMENTS.ON SAN GABRIEL
BOULEVARD (1-101SOUTH CITY LIMIT)
.WHEREAS, the improvement project will take place at a location within and adjacent to the
boundaries of Project Area No. 1 as depicted in Exhibit "A"; and
WHEREAS, the improvements on San Gabriel Boulevard will serve to upgrade City streets,
improve public safety and reduce maintenance costs throughout the network of streets that have been
previously improved with financing from the Rosemead Redevelopment Agency; and
WHEREAS, the total Community Development Commission obligation for the project shall not
exceed One Million Two Hundred Eighty Thousand Dollars ($1,280,000).
NOW, THEREFORE, the Rosemead Community Development Commission resolves as follows:
Section 1. The Rosemead Community Development Commission finds, determines, and
declares:
(a)The payment by the Rosemead Community Development Commission for costs associated with
the improvements on San Gabriel Boulevard, as depicted in Exhibit "A", is of benefit to the Project
Area. This finding is based on the fact that the improvements will serve to improve the
infrastructure and eliminate blighting conditions by providing street resurfacing, street lighting,
parkway trees, new sidewalk and handicap ramps, enhanced public safety and improved, vehicular
access along roadways within and adjacent to Project Areas No. 1, thus enhancing the value of
abutting properties. .
(b)That there are no other reasonable means of financing such buildings, facilities, structures or
other improvements available to the community. Although the City has a General Fund surplus,
the uncertainty of continuing municipal revenue sources militates against the depletion of the
existing reserves until such time as revenue sources and major required expenditures are
stabilized.
Section 2. The Commission Secretary shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 24th day of June, 2003:
ATTEST:
COMMISSION SECRETARY
CHAIRMAN
COMMISSION AGENDA
JUN 2 a X003
ITEM No. 3
EXHIBIT A
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