RRA - 1996-17 - Payment for the San Gabriel Blvd Storm DrainRESOLUTION NO. 96-17
A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY
MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT
TO REDEVELOPMENT AGENCY PAYMENT FOR THE SAN GABRIEL
BOULEVARD STORM DRAIN IMPROVEMENTS
WHEREAS, the storm drain 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 storm drain improvement 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 Two Hundred Forty
Thousand Dollars ($240,000).
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 storm drain
improvement project on San Gabriel Boulevard 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 storm drain 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 storm drain
improvements will eliminate blighting conditions within the project area by correcting existing
drainage deficiencies 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 August, 1996.
CHAIRM
ATTEST:
AGENCY S CRETARY
I hereby certify that the foregoing Resolution No. 96-17 was duly
and regularly adopted by the Rosemead Redevelopment Agency at a
regular meeting held onthe 27th day of August, 1996, by the following vote:
Yes: Bruesch; Vasquez, Clark, Imperial, Taylor
No: None; Absent: None; Abstain: None
Agency Sec tary
• EXHIBIT "A"