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CC - 1997-02 - Agency Payment for the FY 1996-97 Slurry Seal Project on Various Streets0 RESOLUTION NO. 97 -02 0 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR THE FY 1996 -97 SLURRY SEAL PROJECT ON VARIOUS STREETS WHEREAS, the application of emulsion slurry seal 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 application of emulsion slurry seal 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 Twenty Five Thousand Dollars ($25,000). 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 application of emulsion slurry seal project on various streets 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 street 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 application of emulsion slurry seal will eliminate blighting conditions within the project area by providing a "new" street appearance 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 2288th day of January, 1997. MAYOR ATTEST: CITY CLERK I hereby certify that the foregoing Resolution N0. 97 -02 was duly and regularly adopted by the Rosemead City Council at a regular meeting held on the 28th day of January, 1997, by the following vote: Yes: Clark, Bruesch,.Vasquez, Imperial.. --:- _ No: Taylor; Absent: None; Ahstain: None City Clerk M Hart Avenue Lee Street Bentel Avenue Bartlett Avenue Grand Avenue Ellis Lane Ivar Avenue Ralph Street Brookline Avenue Marshall Street Marshall Street Alley East of San Denton Avenue Dequine Avenue Evelyn Avenue Evelyn Avenue Isabel Avenue Isabel Avenue Lindy Avenue Prospect Avenue Gladys Avenue EXHIBIT "A" 1996 -97 SLURRY SEAL PROGRAM City of Rosemead Ramona Boulevard /Glendon Way Marshall Street/South End Loma Avenue /Rosemead Boulevard Mission Drive /580' South of Mission Drive Walnut Grove Avenue/West City Limit Guess Street/Temple City Boulevard Mission Drive /Grand Avenue Muscatel Avenue /Gernert Avenue Marshall Street/Loftus Drive Temple City Boulevard /Brookline Avenue Brookline Avenue /Strang Avenue Rosemead Redevelopment Agency Gabriel Boulevard Graves Avenue /Klingerman Street Graves Avenue /Garvey Avenue Egley Avenue /Garvey Avenue Garvey Avenue /Emerson Place Emerson Place /Hellman Avenue Hellman Avenue /Emerson Place Emerson Place /South End Garvey Avenue /Egley Avenue Garvey Venue /Egley Avenue Garvey Avenue /South End