RRA - 1996-07 - Payment for the FY 1995-96 - Concrete RepairRESOLUTION NO. 96-07
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND
e DETERMINATIONS WITH RESPECT TO REDEVELOPMENT
AGENCY PAYMENT FOR THE FY 1995-96 CONCRETE REPAIR
PROJECT ON VARIOUS CITY STREETS
WHEREAS, the concrete repair 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 concrete repair 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 Fifty Thousand
Dollars ($50,000).
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 concrete repair 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 concrete repair
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 concrete
improvements will eliminate blighting conditions within the project area by providing
improved pedestrian access 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 9th day of April, 1996.
CHAIRM
ATTEST:
AGENCY SECRETARY
I hereby certify that the foregoing Resolution No. 96-07
was duly.and regularly adopted by the Rosemead Redevelopment
Agency at a regular meeting held on the 9th day of April,
1996 by the following vote:
Yes: C1ark,:Vasquez, Bruesch, Imperial
No: None; Absent: Taylor; Abstain: None
Agenc;~ r ecre •ary_
1r; i.
Agency Funded
Project Area
Exhibit "A"
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