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RRA - 1997-02 - The FY 1996-97 Slurry Seal ProjectRESOLUTION NO. 97-02 A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR THE FY 1996-97 SLURRY SEAL PROJECT ON-VARIOUS STREETS WHEREAS,the application of emulsion slurry seal 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 application of emulsion slurry seal project to be constructed in areas within and adjacent to Project Area No. 1 will improve the area aesthetically and structurally; and WHEREAS, the total Agency obligation for the project shall not exceed Twenty Five Thousand Dollars ($25,000). 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 application of emulsion slurry seal project on various streets 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 street improvements made at the various locations indicated on Exhibit "A" will serve to improve the aesthetic appearance and 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 application of emulsion slurry seal 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 28th day of January, 1997. CHAIRMAN ATTEST: L AGENCY SEC TARY I hereby'certify that the foregoing Resolution No. 97-02 was duly and regularly adopted by the Rosemead Redevelopment Agency at a regular meeting held on the 28th day of January, 1997, by the following vote: Yes: Bruesch, Vasquez, Clark, Imperial No: Taylor; Absent: None; Abstain: None Agency Secretary EXHIBIT "A" 1996-97 SLURRY SEAL PROGRAM City of Rosemead Hart Avenue Ramona Boulevard/Glendon Way Lee Street Marshall Street/South End Bentel Avenue Loma Avenue/Rosemead Boulevard Bartlett Avenue Mission Drive/580' South of Mission Drive Grand Avenue Walnut Grove Avenue/West City Limit Ellis Lane Guess Street/Temple City Boulevard Ivar Avenue Mission Drive/Grand Avenue Ralph Street Muscatel Avenue/Gernert Avenue Brookline Avenue Marshall Street/Loftus Drive Marshall Street Temple City Boulevard/Brookline Avenue Marshall Street Brookline Avenue/Strang Avenue Rosemead Redevelopment Agency Alley East of San Gabriel Boulevard Denton Avenue Dequine Avenue Evelyn Avenue Evelyn Avenue Isabel Avenue Isabel Avenue Lindy Avenue Prospect Avenue Gladys Avenue Graves Avenue/Klingerman Street Graves Avenue/Garvey Avenue Egley Avenue/Garvey Avenue Garvey Avenue/Emerson Place Emerson Place/Heilman Avenue Hellman Avenue/Emerson Place Emerson Place/South End Garvey Avenue/Egley Avenue Garvey Venue/Egley Avenue Garvey Avenue/South End