CC - 2003-21 - CDC Payment for Cost Associated with Street Improvementss
RESOLUTION NO. 2003 - 21
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD
MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO
COMMUNITY DEVELOPMENT COMMISSION PAYMENT FOR COSTS
ASSOCIATED WITH STREET IMPROVEMENTS ON SAN GABRIEL
BOULEVARD (1-10/SOUTH CITY LIMIT)
WHEREAS, the improvement project will take place at a location within and adjacent to the
boundaries of Project Area No. 1 as depicted in Exhibit "A"; and
WHEREAS, the improvements on San Gabriel Boulevard will serve to upgrade City streets,
improve public safety and reduce maintenance costs throughout the network of streets that have been
previously improved with financing from the Rosemead Redevelopment Agency; and
WHEREAS, the total Community Development Commission obligation for the project shall not
exceed One Million Two Hundred Eighty Thousand Dollars ($1,280,000).
NOW, THEREFORE, the Rosemead City Council resolves as follows:
Section 1. The Rosemead City Council finds, determines, and declares:
(a)The payment bythe Rosemead Community Development Commission for costs associated with
the improvements on San Gabriel Boulevard, as depicted in Exhibit "A", is of benefit to the Project
Area. This finding is based on the fact that the improvements will serve to improve the
infrastructure and eliminate blighting conditions by providing street resurfacing, street lighting,
parkway trees, new sidewalk and handicap ramps, enhanced public safety and improved vehicular
access along roadways within and adjacent to Project Areas No. 1, thus enhancing the value of
abutting properties.
(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.
Section 2. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 24th day of June, 2003.
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF ROSEMEAD
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I, Nancy Valderrama, City Clerk of the City of Rosemead, do hereby certify that the
foregoing Resolution No. 2003-21 being:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD,
MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO
COMMUNITY DEVELOPMENT COMMISSION PAYMENT FOR COSTS
ASSOCIATED WITH STREET IMPROVEMENTS ON SAN GABRIEL
BOULEVARD (I-10/SOUTH CITY LIMIT)
was duly adopted at a Regular Meeting of the City Council on the 24° day of June, 2003,
by the following vote to wit:
YES: ALARCON, CLARK, VASQUEZ, IMPERIAL, TAYLOR
NO: NONE
ABSTAIN: NONE
ABSENT: NONE
NANCY V DERRAMA,.CITY CLERK
AGENDA:CERTIFY
EXHIBIT A
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p: 40
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PROJECT LOCATION
A
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