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RRA - 1998-02 - Payment for FY 1997-98 Asphalt Concrete OverlayRESOLUTION NO. 98-02 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR THE FY 1997/98 ASPHALT CONCRETE OVERLAY AND STREET LIGHTING 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 improve the area structurally; and WHEREAS, the total Agency obligation for the project shall not exceed Seven Hundred Thousand Dollars ($700,000). 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 FY 1997/98 Asphalt Concrete Overlay and Street Lighting Project 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 asphalt concrete overlay and street lighting improvements will eliminate blighting conditions within the project area by providing a "new" street appearance 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 27th day of Jan 98. r HA MAN ATTEST: AGENC SEC ETARY • STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss CITY OF ROSEMEAD ) P I, Nancy Valderrama, Agency Secretary of the Rosemead Redevelopment Agency, do hereby certify that the foregoing Resolution No. 98-02 was duly adopted by the Rosemead Redevelopment Agency at a regular meeting thereof, held on January 27, 1998, by the following vote of the Agency: AYES: AGENCYMEMBERS VASQUEZ, TAYLOR, IMPERIAL, BRUESCH, CLARK NOES: NONE ABSENT: NONE ABSTAIN: NONE AGENCY SECRETARY G EXHIBIT "A" • Baruch Street (San Gabriel Boulevard to 320' West of San Gabriel Boulevard) • Constance Street (San Gabriel Boulevard to Pine Street) • El Camino Drive (Roseglen Avenue to East End) • Emerson Place (San Gabriel Boulevard to Del Mar Avenue) • Garvalia Avenue (Brighton Street to Del Mar Avenue) • Garvalia Avenue (Daroca Avenue to Jackson Avenue) • Garvalia Avenue (San Gabriel Boulevard Pine Street) • Gladys Avenue (Klingerman Street to North End) • Graves Avenue (San Gabriel Boulevard to Angelus Avenue) • Klingerman Street (San Gabriel Boulevard to Angelus Avenue) • Oakmil Avenue (Arroyo Drive to East End) • Pueblo Drive (Roseglen Avenue to East End) • Rush Street (Walnut Grove Avenue to 450' East of Walnut Grove Avenue) • Villa Park (Roseglen Avenue to East End) • Walnut Grove Avenue (San Gabriel Boulevard to Rush Street) GRU:p °uI tr I E = G3tNJ zv ~~°•..I DENOTES PROJECT VICINITY 3 1' 5 i:: j ' 0 ~ no'cn ~ v[~3 Si S :FL~:IS ST< upCxOl oc RJSM:/D.. ll i > ; I If ux,_vY p y/S5 ~i a]SE 51 r JA /ON I Ste` ST SmR s ST x[v9r Ar . 3 r3 ~ r, 9U'7 c iNALL.: w $ BLVD=I` rs .EY 'I S_~ II Isw i SMILE Wr,i fl ' SI 4lM ST ~ ::rswu n 25 '.^r, Io~xrl .Y =I I n 2. ~I_ Cpp 3,' s _ .L _ i . I sI IEL~ AV .Y 'Iei i I M[3iR" Si 3 0 II i~ P` A~ .~T[LSW z` Al Q n15 mmra n \ o`Im Inrrl~ n < eu ~rt ~+m '~T C `I <~N <`I AVI ~v- o _ S c.oo >ou 5,ivd °~tev.' I r3 rf LLror nI [ _ _ LLI. l 51 ~,d~ I~.-~ rr!! ~ q r Y g ~ I . G I'al~gl ANI~ CARVEY cAV~..., sw~: %I' a > ` N ` r eswU.n. < to ~rvJ r /.E [t .Y .11S, AV NrlMi2 ,Y b i ' /-I 3 < N~W 1v Lr ' It~M .1. ,r c ~ M-,AII[ AY $'L O {'L'_{~ ~I < 6I ~ „ 6I .<i. 1YI Hlf lrr si : `e < i $-I ILiL o L.ncn - eL :x n , Ohl i G~ 711 1 1. 1 a r ro v~ o OR RUSH \ nuaprsr 1 $ ST V F- :,I RU luirk C`1TiL_7 \ , ~ ~ r ras muse ` z N it N~ 8 POMONA caJr- / . q'