RRA - Item 2A - Findings and Determinations RESOLUTION NO. 99-08
A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY
MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO
REDEVELOPMENT AGENCY PAYMENT FOR INSTALLATION OF TRAFFIC
SIGNALS AT HELLMAN/JACKSON AVENUES AND AT THE ENTRANCE TO
THE GARVEY SENIOR HOUSING PROJECT
WHEREAS, the 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 improvement project to be constructed in areas within and adjacent to Project
Area No. 1 will enhance safety and improve traffic flow; and
WHEREAS, the total Agency obligation for the project shall not exceed Three Hundred Thousand
Dollars ($300,000).
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 Hellman/Jackson and
Garvey Senior Center Traffic Signal Project 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
improvements made at the location indicated on Exhibit"A"will serve to improve the 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 traffic signal
improvements will eliminate blighting conditions within the project area by enhancing safety and
improving traffic flow 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 13th day of April 1999.
CHAIRMAN
ATTEST:
Aq IN DA
AGENCY SECRETARY APR 131999
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EXHIBIT "A"