RRA - Item 2A - Resolution No. 99-24 - Findings and Determinations with Respect to Redevelopment Agency Payment for Walnut Grove and Bridge Retrofit at Alhambra Wash f
RESOLUTION NO. 99-24
A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY
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 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 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 Agency Secretary shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 9th day of November 1999.
CHAIRMAN
ATTEST:
AGENCY SECRETARY
NOV - 91999
ITEM No. 2
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