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CC - 2001-21 - Payment for Uninterruptible Power Supply Systems for Traffic Signals0 % RESOLUTION NO.2001-21 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR UNINTERRUPTIBLE POWER SUPPLY SYSTEMS FOR TRAFFIC SIGNALS WHEREAS, the improvement project will take place at locations within and adjacent to the boundaries of Project Areas No. 1 and No. 2 as depicted in E)hibit "A", and WHEREAS, the installation of uninterruptible power supply systems will provide continuous, reliable operation of traffic signals within and adjacent to Project Areas No. 1 and No. 2; and WHEREAS, the total Agency obligation for the project shall not exceed Three Hundred Thousand Dollars ($300,000). NOW, THEREFORE, the Rosemead City Council resolves as follows: Section 1. The Rosemead Redevelopment Agency finds, determines, and declares: (a)The payment by the Rosemead Redevelopment Agency for the uninterruptible power supply system for traffic signals within and adjacent to Project Areas No. 1 and No. 2, as depicted in Exhibit "A", is of benefit to the Project Areas. This finding is based on the fact that the improvements made at the locations indicated on Exhibit "A" will serve to improve the infrastructure within and adjacent to Project Areas No. 1 and No. 2. (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 uninterruptible power supply system for the traffic signals will eliminate blighting conditions within the project area by providing continuous, reliable operation of traffic signals and traffic flow on roadways within and adjacent to the project areas, thus enhancing the \elue of abutting properties. Section 2. The City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 10th day of July, 2 m6ybV ATTEST: CITY CLERK • STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF ROSEMEAD P I, Nancy Valderrama, City Clerk of the City of Rosemead, do hereby certify that the foregoing Resolution No. 01-21 being: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR UNINTERRUPTIBLE POWER SUPPLY SYSTEMS FOR TRAFFIC SIGNALS was duly adopted at a regular meeting of the Rosemead City Council on the 10`s day of July , 2001, by the following vote to wit: AYES: COUNCILMEMBERS: BRUESCH, IMPERIAL, CLARK, VASQUEZ NOES: TAYLOR ABSTAIN: NONE ABSENT: NONE NANCY VAL ERRAMA, CITY CLERK AGENDA:CERTIFY EXHIBIT A TRAFFIC SIGNAL AND MAP Emop TRAFFIC SIGNALS MAINTAINED BY: _ t CITY OF ROSEMEAD p p , O CALTRANS n l, LOS ANGELES COUNTY Q CITY OF MONTEREY PARK 0 0