RRA - 1995-07 - Payment for the FY 1994-95 Concrete Repair and Handicap Ramp ImprovementRESOLUTION NO. 95-07
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A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS
WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR THE
FY 1994-95 CONCRETE REPAIR AND HANDICAP RAMP IMPROVEMENT
PROJECT ON VARIOUS CITY STREETS
WHEREAS, the concrete repair and handicap ramp 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 concrete repair and handicap ramp 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
Thousand Dollars ($200,000).
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 and
handicap ramp improvement 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 concrete
and handicap ramp 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
ATTEST;
:r I hereby certify that the foregoing Resolution
lll........~yy~~~ No. 95-07 was duly and regular adopted by the
2w osemead Redevelopment Agency at a regular meet ngd
held on the 28th day of March, 1995, by the
AGENCY SECRETARY following vote:
Yes: Vasquez, Clark, Bruesch, Imperial
No: Taylor; Absent: None; Abstain: None
Agency Secr ,
Exhibit "A"
Project Are