RRA - Item 2A - Findings and Determinations with Respect to RRA Payment for Slurry Seal Project RESOLUTION NO. 99-04
A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT
AGENCY MAKING CERTAIN FINDINGS AND
DETERMINATIONS WITH RESPECT TO REDEVELOPMENT
AGENCY PAYMENT FOR THE FY 1998-99 SLURRY SEAL
PROJECT ON VARIOUS STREETS
WHEREAS, the application of emulsion 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 application of emulsion 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 Seventy-
Five Thousand Dollars ($75,000).
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 application
of emulsion slurry seal 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
application of emulsion 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 9th day of February, 1999.
CHAIRMAN
ATTEST:
AGENCY AGENDA
AGENCY SECRETARY FEB 0 91999
ITEM No. °•
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