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CC - 1999-43 - Redevelopment Agency Payment for Walnut Grove Bridge Retrofit at Alhambra WashRESOLUTION NO. 99-43 0 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD 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 City Council resolves as follows: Section 1. The Rosemead City Council 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 City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 9th day of November 1999. ATTEST: CITY CLERK, . ,, STATE OF CALIFORNIA COUNTY OF LOS ANGELES CITY OF ROSEMEAD ) ss. E I, Nancy Valderrama, City Clerk of the City of Rosemead, do hereby certify that the foregoing Resolution No. 99 -43 being: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR WALNUT GROVE BRIDGE RETROFIT AT ALHAMBRA WASH was duly adopted at a Regular Meeting of the Rosemead City Council on the 9th day of November, 1999, by the following vote to wit: AYES: CLARK, BRUESCH, IMPERIAL, VASQUEZ, TAYLOR NOES: NONE ABSTAIN: NONE ABSENT: NONE 9ANCY VALDERRAMA, AGENDA:CERTIFY G2u:GuI AV II i = lz c ...I ..:4. .__. . LAIR! ✓S )r N)SS . i esL n r 1 YS h 3 I �:> _ a+n fNF p19i 3 .EY . o� ou ash 3 -VALL- m le[R,-L $ BLVD'la` 3LVD _ I_� G s� _ A '"'aI — :� ^::. .I� LIB Sr ✓/ R[[' C M �x .r G t4 Si \u ulw ryi J g n 31 GIM R -� GLx5fN1 A, Q I' �1 Gimme AV j C �� 4�I • �• \ -- FRWYIFE L l> F I L <li NELIl'.AM "i�`.\V ^�it a�' q^ el 7. BI. : . '�o• �\ a o- 'PJi �as SF iaR 6mM )u,)Ic I 1 `I <9I .J'. gll`".I t RY �.. � I a "q a V' R _ aM.Yna < •o� \` \\ .Ni T�i �y ` ) y1110:: -___ _ n Q.�•.,! G I.NI_0 1 a I w g CynW.n � „I GARVEY I�” I :'�'.a ° _ ` ', Ti .'�qv 3I I I QI aas '< :.vro�rcv'r /,ARfL AV sr v[� :6 Ar xtti -au xv A .�I o :a S IsM LI Fs tFERI nv r � :n —� Ga>vet[x= Jv al >.•au I GsAtJtiJ. \ A r _ / E'L IL 41�11F Si A, — e c v N AV °9. �3° „. lf9 ea ) ^.• d f � �.� !p a _' eD el" e.x n .; v � 1 0.UBMJSF � :, \:4 pc ec RUST '.' \. ST m:sx sr % I au S �� �TI r 4• CV�e4i7 �' ^J Project % f ?OM NA Location f / I 9�ffK ,aid 1 !::0 v. that / 9• i.