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CC - 1996-41 - Agency Payment for the FY 1996-97 Asphalt Concrete Overlay and Street Lighting• RESOLUTION NO. 96-41 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 ASPHALT CONCRETE OVERLAY AND STREET LIGHTING IMPROVEMENTS ON VARIOUS CITY STREETS WHEREAS, the asphalt concrete overlay and street lighting improvements project will take place at locations within and adjacent to the boundaries of Project Area No. 1 as depicted in Exhibit "A" and Exhibit "B", respectively; and WHEREAS, the asphalt concrete overlay and street lighting improvements 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 Four Hundred Sixty Thousand Dollars ($460,000). 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 asphalt concrete overlay and street lighting improvements project on various streets within and adjacent to Project Area No. 1, as depicted in Exhibit "A" and Exhibit "B", respectively, 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" and Exhibit "B" 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 asphalt concrete overlay and street lighting improvements will eliminate blighting conditions within the project area by providing a "new" street appearance and improved lighting 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 10th day of September, 1996. - )-1 ATTEST: - CITE MAYO I hereby certify that the foregoing Resolution No. 96-41 was duly and regularly adopted by the Rosemead City Council at a regular meeting held on the 10th day of September, 1996, by the following vote: Yes: Vasquez, Taylor, Clark, Bruesch, Imperial No: None; Absent: None; Abstain: None CITY CLERK EXHIBIT "A" ASPHALT CONCRETE OVERLAY ON VARIOUS STREETS • Emerson Place (Rosemead Place/West End) • Beatrice Place (Rosemead Place/West End) • Garvalia Avenue (San Gabriel Boulevard/Pine Street) • Burton Avenue (Garvey Avenue/Ramona Boulevard) • Eckhart Avenue (Hellman Avenue/Artson Street) • Kelburn Avenue (Hellman Avenue/North End) • Hershey Street (Kelburn Avenue/Brighton Street) • Artson Street (Chariette Avenue/East End) • Alley North of Garvey Avenue (Rosemead Place/West End) • Alley North of Garvey Avenue (Rosemead Place/East of Sullivan Avenue) • Garvalia Avenue (New Avenue/Jackson Avenue) • Kahns Drive (Leyburn Drive/East End) EXHIBIT "B" STREET LIGHTING IMPROVEMENTS ON VARIOUS STREETS • Emerson Place (Rosemead Place/West End) • Beatrice Place (Rosemead Place/West End) • Garvalia Avenue (San- Gabriel Boulevard/Pine Street) • Burton Avenue (Garvey Avenue/Ramona Boulevard) • Eckhart Avenue (Hellman Avenue/Artson Street) • Kelburn Avenue (Hellman Avenue/North End) • Hershey Street (Kelburn Avenue/Brighton Street) • Artson Street (Chariette Avenue/East End) • Garvalia Avenue (New Avenue/Jackson Avenue) • Kahns Drive (Leyburn Drive/East End)