RRA - 1995-21 - Payment for teh FY 1995-96 Slurry Seal ProjectRESOLUTION NO. 95-21
A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY
MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT
TO REDEVELOPMENT AGENCY PAYMENT FOR THE FY 1995-96 SLURRY
SEAL PROJECT ON VARIOUS CITY STREETS
WHEREAS, the 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 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 Forty
Thousand Dollars ($40,000).
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 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 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 22nd day of August, 1995.
Agency ;Secretary
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Yes: Bruesch, Clark, Imperial, Vasquez
No: Taylor; Absent: None; Abstain: None
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EXHIBIT "A"
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STREETS TO BE SLURRIED
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