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CC - 2001-26 - Payment for the Reconstruction of Hellman Avenue• RESOLUTION NO. 2001 -26 RESOLUTION 2001 -26 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR THE RECONSTRUCTION OF HELLMAN AVENUE BRIDGE OVER ALHAMBRA WASH WHEREAS, the improvement project will take place at a location adjacent to the boundaries of Project Area No. 1 as depicted in Exhibit "A "; and WHEREAS, the reconstruction of the Hellman Avenue Bridge over Alhambra Wash will provide improved vehicular access along roadways within and adjacent to Project Area No. 1; and WHEREAS, the total Agency obligation for the project shall not exceed Five Hundred Thousand Dollars ($500,000). NOW, THEREFORE, the City Council of the City of Rosemead resolves as follows: Section 1. The Rosemead Redevelopment Agency finds, determines, and declares: (a)The payment by the Rosemead Redevelopment Agency for the reconstruction of Hellman Avenue Bridge over Alhambra Wash and adjacentto 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 reconstruction of Hellman Avenue Bridge over Alhambra Wash will eliminate blighting conditions within the project area by providing a bridge structure that meets current seismic and safety codes and will provide improved vehicular access along roadways within and adjacent to Project Area No. 1, 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 24th day of July, 2001. i s s," ATTEST: CITY CLERK 0 STATE OF CALIFORNIA COUNTY OF LOS ANGELES CITY OF ROSEMEAD ss. 0 I, Nancy Valderrama, City Clerk of the City of Rosemead, do hereby certify that the foregoing Resolution No. 2001 -23 being: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR THE RECONSTRUCTION OF HELLMAN AVENUE BRIDGE OVER ALHAMBRA WASH was duly adopted at a Regular Meeting of the City Council on the 24'x' day of July, 2001 by the following vote to wit: YES: COUNCILMEMBERS: BRUESCH, CLARK, VASQUEZ, IMPERIAL NO: COUNCILME MBERS: TAYLOR ABSTAIN: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE NANCY VAL ERRAMA, CITY CLERK AGENDA:CERTIFY