RRA - 1999-27 - Payment for Electrical Panel Conversions on San Gabriel Blvd•
RESOLUTION NO. 99-27
0
A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY MAKING CERTAIN
FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY
PAYMENT FOR ELECTRICAL PANEL CONVERSIONS ON SAN GABRIEL
BOULEVARD (GARVEY/HELLMAN)
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 allow for the relocation of the overhead utility wires and poles to underground, thereby
enhancing the visual aesthetics along the San Gabriel Boulevard business corridor; and
WHEREAS, the total Agency obligation for the project shall not exceed One Hundred Thousand
Dollars ($100,000).
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 conversion of electrical
service panels 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 and improve aesthetics 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 improvements will
eliminate blighting conditions within the project area by allowing for the relocation of the electrical
wires from overhead to underground along 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 14th day of December, 1999.
ATTEST:
AGENCY SECRETARY
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF ROSEMEAD
I, Nancy Valderrama, Agency Secretary of the Rosemead Redevelopment Agency, do
hereby certify that the foregoing Resolution No. 99-27 being:
A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY MAKING
CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO
REDEVELOPMENT AGENCY PAYMENT FOR ELECTRICAL PANEL
CONVERSIONS ON SAN GABRIEL BOULEVARD (GARVEY/IELLMAN)
was duly adopted at a regular meeting of the Redevelopment Agency on the 14th day of
December, 1999, by the following vote to wit:
AYES: AGENCYMEMBERS: VASQUEZ, BRUESCH, CLARK, IMPERIAL,
TAYLOR
NOES: AGENCYMEMBERS: NONE
ABSTAIN: AGENCYMEMBERS: NONE
ABSENT: AGENCYMEMBERS: NONE
NANCY VALDERRAMA
Agency Secretary
AGENDA:CERTIFY