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RRA - 1999-08 - Claims and DemandsRESOLUTION NO. 99-08 A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR INSTALLATION OF TRAFFIC SIGNALS AT HELLMAN/JACKSON AVENUES AND AT THE ENTRANCE TO THE GARVEY SENIOR HOUSING PROJECT WHEREAS, the improvement project will take place at locations within and adjacent to the boundaries of Project Area No. 1 as depicted in Exhibit "A"; and WHEREAS, the improvement project to be constructed in areas within and adjacent to Project Area No. 1 will enhance safety and improve traffic flow; and WHEREAS, the total Agency obligation for the project shall not exceed Three Hundred Thousand Dollars ($300,000). NOW, THEREFORE, the Rosemead Redevelopment Agency resolves as follows: Section 1. The Rosemead Redevelopment Agency finds, determines, and declares: (a) The payment by the Rosemead Redevelopment Agency for the Hellman/Jackson and Garvey Senior Center Traffic Signal Project within and adjacent to Project Area No. 1, as depicted in Exhibit "A", is of benefit to the Project Area. This finding is based on the fact that the improvements made at the location indicated on Exhibit "A" will serve to improve the infrastructure within and adjacent to Project Area No. 1. (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. (c) The payment by the.Rosemead Redevelopment Agency for the specified traffic signal improvements will eliminate blighting conditions within the project area by enhancing safety and improving traffic flow on roadways within and adjacent to the project area, thus enhancing the value of abutting properties. Section 2. The Agency Secretary shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 13th day of April 1999. ATTEST: AGENCY SEMETARY I hereby certify that the foregoing Resolution 1199-08 was duly and regularly adopted by the Rosemead Redevelopment Agency at a regular meeting held on the 13th day of April 1999, by the following vote: Yes: Vasquez, Clark, Bruesch, Imperial No: Taylor Absent: None Abstain: None itv er ..sr Jam.', -f I MI 3-ISI\~~ `~iC~ yam, I~~ - 1 ~.1s4- u„+, L ~ ucR[wi hJS a• n l .v ,~I st 81 5'Liic Si I ~,y~'. g•<'S~ JR N ST of - SNIEL V BLVD PROJECT LOCATION :mac STtttE -I < 44v Si [\\l „mos. -,li ' ` ~I 4LR1 Si ° cl 3ly'~ iS -I " 3 o... I.xt[u c si s 1 _~~tl I si 3 ~ t n _ o v x 4 3~ a t c a it ~F-... FRWY s .[sc. wr.- . ELL-M A, * `4.IS I_~ t/~II1 bf utsnc n ` 6 -xF4:IR iYIi\•{ 'O<IS MI Si SI t4,t'["^°T f~IT ..I <V ~I AV ~ "'CR y I r. J ~C1es+ ~i .et = n 1~u !_In-.I ,w `Z J Ly ,✓m.dn ~xIMIV[ 1~~ I tvn.w O d3" I• t S J E, ~I .drpC~ Y 6Aaft 11 V >[~_[T I<V S . f..Y n°suuv Al a .ARV „IPo \\<OI u[ Y c<cv<ttAF^ (AV SI 3 WTAL iA \ IV nl V`SrIHL:!U I. 4 >s _ = ; EE l ~~.k66 \ , :gip - <an r i -'1 57 ;I J S _1 'El- Al ~o, n ncactitst 1 J / U59 ST V $ a x i, n ' RU9 _I l 17 . tt c I 5 J7 POMONA Rwy EXHIBIT "A" Q