CC - 2005-34 - Installation of Traffic Signal Improvements for Del Mar Avenue0
RESOLUTION NO. 2005-34
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD
MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO
COMMUNITY DEVELOPMENT COMMISSION PAYMENT FOR COSTS
ASSOCIATED WITH THE INSTALLATION OF TRAFFIC SIGNAL
IMPROVEMENTS AT DEL MAR AVENUE/HIGHCLIFF STREET AND DEL
MAR AVENUE/GRAVES AVENUE
WHEREAS, the improvement project will take place at a location adjacent to the boundaries of
Project Area No. 1 as depicted in Exhibit "A"; and
WHEREAS, the installation of a traffic signal at Del Mar Avenue/Highcliff Street and installation of
left-turn phasing at Del Mar Avenue/Graves Avenue will serve to upgrade City streets, improve public
safety and vehicular access along roadways within and adjacent to Project Area No. 1 that have been
previously improved with financing from the Rosemead Community Development Commission; and
WHEREAS, the total Community Development Commission obligation for the project shall not
exceed Two Hundred Ninety Thousand Dollars ($290,000).
NOW, THEREFORE, the City Council of the City of Rosemead resolves as follows:
Section 1. The City Council of the City of Rosemead finds, determines, and declares:
(a)The payment by the Rosemead Community Development Commission for costs associated
with the installation of a traffic signal at Del Mar Avenue/Highcliff Street and installation of left-turn
phasing at Del Mar Avenue/Graves Avenue, 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 enhanced public safety and improved
vehicular access along roadways within and adjacent to Project Area 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 City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 11th day of October, 2005.
ATTEST:
CITY CLERK
MAY
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