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RRA - 1997-28 - Payment for Del Mar Sewer Collector• • RESOLUTION NO. 97-28 A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR THE DEL MAR SEWER COLLECTOR WHEREAS, the sewer 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 sewer 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 Four Hundred Seventy-five Thousand Dollars ($475,000). 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 Del Mar Sewer Collector 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 sewer improvement 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 sewer improvements will eliminate blighting conditions within the project area by correcting existing sewer system deficiencies 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 r, 1997. 66H AIRMAN ATTEST: AGENCY SECRETARY • 0 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. 97-28 being: A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR THE DEL MAR SEWER COLLECTOR was duly adopted at a regular meeting of the Redevelopment Agency on the 28th day of October, 1997, by the following vote to wit: AYES: AGENCYMEMBERS: VASQUEZ, BRUESCH, CLARK, IMPERIAL NOES: AGENCYMEMBERS: TAYLOR ABSTAIN: AGENCYMEMBERS: NONE ABSENT: AGENCYMEMBERS: NONE NANCY V DERRAMA Agency Secretary AGENDA:CERTIFY • JR XS 3 wo[ 4: EY n m ~t uLm P1 % .Y f~ a 1 i VI :.~1r ~ Pos Ir~sLS/r~.A \IT=, ADD'~n\~~ I~'? I Awl NI CARVEY I\`~ `i~..l r.a~ xI ml mI. I ~I ca ' I mAV / : "8' ~j 3 -la _TJ rR Y: > r r ."n v~l NI I b'.tl JA(1: :ONKI1!Y ///,BBL Ar j~. xuvAwc Ar 5~ 1 3 1r If0.V AV K1 AFS AV $ OYr~~ II'4 Vi ] r[PM .v PS FEW G k"LIAF AV za w ALIA \ f•T C $I yl -'T -l~ O > Ar - - I EI. N yr NlW.:lii ST _ ..z _,L r - : = of ~'L[avr 8 oB ~ > SRI k Ss 5~ / I:-1 11 4C ry AV N`v: eL!x ?wv' Si , Ih~ I' I' 6r U r fA LP1 C li m n' ,1nxarxrsc l RR `RUSH ST .inv nn I I Ru c wrmcR xuavS ~ yam. .l S?ll r 3 Y S / sr POMONA + 0 FRWY . ~~II' c ~9~ ca~i- 'wfr . ~s::o c,• c.:rt