RRA – Item 2 – Res. 97-25 – Findings and Determinations to Revelopment Agency Payment for Kelburn Ave. and Delta Ave Storm Drain Improvements RESOLUTION NO. 97-25
A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT
AGENCY MAKING CERTAIN FINDINGS AND DETERMINATIONS
WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT
FOR THE KELBURN AVENUE AND DELTA AVENUE STORM
DRAIN IMPROVEMENTS
WHEREAS, the storm drain 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 storm drain 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 Four Hundred
Fifty Thousand Dollars ($450,000).
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 storm drain
improvement project on Kelburn Avenue and Delta Avenue 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 storm drain 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 storm
drain improvements will eliminate blighting conditions within the project area by
correcting existing drainage deficiencies 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 14th day of October, 1997.
CHAIRMAN
ATTEST: AGENCY AGENDA ?
OCT 141997
AGENCY SECRETARY
ITEM No. 02_.
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