CC - 1995-41 - Slurry Seal Project FY 1995-96n
RESOLUTION NO. 95-41
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 1995-96 SLURRY
SEAL PROJECT ON VARIOUS CITY STREETS
WHEREAS, the 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 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 Forty
Thousand Dollars ($40,000).
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 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 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 22nd day of August, 1995.
ATTEST:
2-2
CITY, CLFR
I hereby certify that the foregoing Resolution No.-95-41 was duly-yand
regularly adopted by the Rosemead City Council at a regular meeting held
on August 22, 1995, by the following vote:
Yes: Clark, Vasquez, Bruesch
No: Taylor, Imperial; Absent: None; Abstain: None
Cit~ Clerk'-'"
s-
:
EXHIBIT "A" •
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STREETS TO BE SLURRIED