Loading...
CC - 2005-29 - Payment for Installation of Traffic Signal at Hellman AvenueRESOLUTION NO. 2005-29 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO COMMUNITY DEVELOPMENT COMMISSION PAYMENT FOR INSTALLATION OF A TRAFFIC SIGNAL AT HELLMAN AVENUE/EASTBOUND 1-10 FREEWAYOFFRAMP WHEREAS, the improvement project will take place at a location adjacent to the boundaries of Project Area Nos. 1 and 2 as depicted in Exhibit "A"; and WHEREAS, the installation of a traffic signal at Hellman Avenue/Eastbound 1-10 Freeway Offramp and traffic signal controller upgrades Citywide will serve to upgrade City streets, improve public safety and vehicular access along roadways within and adjacent to Project Areas 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 Forty Thousand Dollars ($240,000). NOW, THEREFORE, the Rosemead City Council resolves as follows: Section 1. The Rosemead City Council finds, determines, and declares (a)The payment by the Rosemead Community Development Commission for costs associated with the installation of a traffic signal at Hellman Avenue/Eastbound 1-10 Offramp and traffic signal controller upgrades Citywide, as depicted in Exhibit "A", is of benefit to the Project Areas. 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 Areas Nos. 1 and 2, 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 13th day of September, 2005 ATTEST: CITY CLERK Exhibit "A" CITY OF ROSEMEAD TRAFFIC SIGNAL MAP /I TRAFFIC SIGNALS MAINTAINED BY: s ROSEMEAD REPUBLIC ELECTRIC (714) 535-0550 0 CALTRANS (213) 897-0383 L LA COUNTY LOS ANGELES COUNTY - (626) 458-HELP El MONTERY PARK COMPUTER SERVICE COMPANY 8-5 M-F (909) 738-2079 AFTER HOURS (714) 291-3629 Not a Part of this Project