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CC - Item 3B - Findings and Determinations with Respect to Redevelopment Agency Payment for Walnut Grove Bridge Retrofit at Alhambra Wash RESOLUTION NO. 99-43 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO • REDEVELOPMENT AGENCY PAYMENT FOR WALNUT GROVE BRIDGE RETROFIT AT ALHAMBRA WASH 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 Project Area No. 1 will enhance safety and improve traffic flow; and • WHEREAS, the total Agency obligation for the project shall not exceed One Hundred Thousand Dollars ($100,000). NOW,THEREFORE,the Rosemead City Council resolves as follows: Section 1. The Rosemead City Council finds, determines, and declares: (a) The payment by the Rosemead Redevelopment Agency for the Walnut Grove Bridge Retrofit at Alhambra Wash Project within Project Area No. 1, as depicted in Exhibit"A", is of benefit to the Project Area. This finding is based on the fact that the improvements made at the location indicated on Exhibit"A"will serve to improve the infrastructure within and adjacent to Project Area No. 1. (b) That there are no other reasonable means of financing such buildings, facilities, structures or other improvements available to the community. Although the City has a General Fund surplus, the uncertainty of continuing municipal revenue sources militates against the depletion of the existing reserves until such time as revenue sources and major required expenditures are stabilized. (c) The payment by the Rosemead Redevelopment Agency for the specified bridge improvements will eliminate blighting conditions within the project area by enhancing safety and providing sound structural facilities along roadways thereby improving traffic flow on roadways within and adjacent to the project area, thus enhancing the value of abutting properties. Section 2. The City Clerk shall certify to the adoption of this Resolution. PASSED,APPROVED AND ADOPTED this 9th day of November 1999. MAYOR ATTEST: COUNCIL AGENDA CITY CLERK NOV - 91999 ITEM No. TUT - e 1 1 .. � > .—I -i I s;I I'I.3�''r IF w � I1 o19IDCN LI _ I< . a: " 2a�!S ' h/ss/o.k s I v i• • my nnt ,.„ 1IT ^^1 u's3P i Fr-"VR E `I' I$ • BlVO��I. 3 ( / - fr., .1 s rii rc \\`� 3 e t I 3 55S -Lew'iw� i < 3 v 'l .. :I P arlow151 fr- ` ' Ii - `9. t < e n H rnl I�nPI u a „��`rFL �Im TE_ 9�^ I A ,V / �� 3 ' < � t'� 1I pi s'-.9 -- c°÷12- 2 ��BIGo �. =all` BI. 3� -, GARVEY��c� c� ��v�i ry i@ =� ail =PV .,.._ 3� r i 3�- a �,.I rsI OS Ct°� A W ( U` °L- �C 'I 31 �I .. — V `i I �?JIN = g , Edo s =, a �y , i y'h i t n alSarit I g : N- - 1II. - SGLr ;94-21 r '117;5 LL II • / 4I 1i r,_� _V tl s Project " h Location / i& n , aper - \� _- ; �� i